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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Lake City, MI
Listed for sale 3 days ago
$ 239,900
ROI
21.6
Cash Flow/m
123- 3 Bed
- 2 Bath
- 2356 sft
259 N Morey Rd, Lake City, MI, 49651
$ 215,000
ROI
21.0Cash Flow/m
76- 3 Bed
- 2 Bath
- 2494 sft
2108 S Sara Dr, Lake city, MI, 49651
Airbnb Potential
Listed for sale 5 days ago
$ 160,000
ROI
24.5Cash Flow/m
213- 1 Bed
- 1 Bath
- 424 sft
8520 W Sapphire Ave, Lake City, MI, 49651
Fix & Flip
$ 345,000
ROI
21.0Cash Flow/m
120- 5 Bed
- 3 Bath
- 2400 sft
290 N Turnerville Rd, Lake city, MI, 49651
Why Invest in Lake City, Michigan?
Investing in single-family homes in Lake City, MI offers a unique opportunity to tap into a stable rental market bolstered by a renter occupancy rate of 48%. This filter-specific focus highlights properties with an average ROI of 7.2% and a rental yield near 6%. The area demonstrates moderate appreciation at 2.1% annually, alongside an average cash flow of $850. With an average rent of $950, Lake City's housing market balances affordability and investment potential appealing to real estate investors.
7.2%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
The average ROI for single-family homes in Lake City is approximately 7.2%, reflecting steady rental demand and moderate property appreciation.
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