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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Lake Leelanau, MI
$ 699,900
ROI
20.8
Cash Flow/m
150- 3 Bed
- 3 Bath
- 2400 sft
4740 E Water View Dr, Lake Leelanau, MI, 49653
$ 348,500
ROI
23.3Cash Flow/m
342- 1 Bed
- 1 Bath
- 1561 sft
116 W Meinard St, Lake Leelanau, MI, 49653
or
Here are some other similar properties you might be interested in:
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Rental Income
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$ 100,000
ROI
24.7Cash Flow/m
139- 3 Bed
- 1 Bath
- 964 sft
11776 Rossiter St, Detroit, MI, 48224
Listed for sale 6 days ago
$ 100,000
ROI
23.9Cash Flow/m
116- 3 Bed
- 1 Bath
- 854 sft
130 S 4th St, Manistique, MI, 49854
Listed for sale 5 days ago
$ 100,000
ROI
23.4Cash Flow/m
102- 2 Bed
- 1 Bath
- 1042 sft
7704 Pine Creek Rd, Manistee, MI, 49660
Fix & Flip
Listed for sale 5 days ago
$ 100,000
ROI
16.6Gross Rent Yield
9.5- 3 Bed
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- 1400 sft
4233 N Pheasant Rd, Lincoln, MI, 48742
Listed for sale 6 days ago
$ 100,000
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50.3Cash Flow/m
849- 3 Bed
- 2 Bath
- 1380 sft
203 Mifflin Ave, Lansing, MI, 48912
Listed for sale 7 days ago
$ 100,000
ROI
14.4Gross Rent Yield
9.4- 1 Bed
- 1 Bath
- 621 sft
1715 Maple Rdg APT 4, Haslett, MI, 48840
$ 100,000
ROI
52.1Cash Flow/m
901- 3 Bed
- 2 Bath
- 1216 sft
3611 Butternut Dr Lot 177, Holland, MI, 49424
$ 100,000
ROI
46.7Cash Flow/m
751- 2 Bed
- 1 Bath
- 1132 sft
3527 Kent Ave, Kalamazoo, MI, 49008
Fix & Flip
$ 100,000
ROI
42.7Cash Flow/m
638- 3 Bed
- 1 Bath
- 1320 sft
31 Mathews Ct NE, Grand Rapids, MI, 49505
Fix & Flip
$ 100,000
ROI
23.2Cash Flow/m
96- 5 Bed
- 2 Bath
- 2300 sft
301 S Cherry St, Kalkaska, MI, 49646
$ 100,000
ROI
24.6Cash Flow/m
135- - Bed
- 1 Bath
- 628 sft
101 Millburg Dr, Benton Harbor, MI, 49022
$ 100,000
ROI
24.4Cash Flow/m
129- 2 Bed
- 1 Bath
- 820 sft
124 Stanton Ave, Mohawk, MI, 49950
$ 100,000
ROI
24.0Cash Flow/m
119- 1 Bed
- 1 Bath
- 780 sft
7625 Marwede Rd, Alpena, MI, 49707
$ 100,000
ROI
23.7Cash Flow/m
110- 1 Bed
- 1 Bath
- 360 sft
2271 Birch Dr, Sears, MI, 49679
Currently Rented
$ 100,000
ROI
36.7Cash Flow/m
471- 5 Bed
- 2 Bath
- 1926 sft
903 S Mason St, Saginaw, MI, 48602
Fix & Flip
Motivated Seller
$ 100,000
ROI
23.5Cash Flow/m
106- 3 Bed
- 1 Bath
- 1278 sft
58655 Penn Rd, Cassopolis, MI, 49031
$ 100,000
ROI
46.8Cash Flow/m
753- 3 Bed
- 2 Bath
- 737 sft
181 S Marshall St, Pontiac, MI, 48342
$ 100,000
ROI
48.8Cash Flow/m
808- 3 Bed
- 2 Bath
- 2185 sft
321 S Main St, Bellevue, MI, 49021
Fix & Flip
$ 100,000
ROI
23.1Cash Flow/m
93- 2 Bed
- 1 Bath
- 867 sft
4511 Waldorf Rd, Delton, MI, 49046
Currently Rented
$ 100,000
ROI
23.7Cash Flow/m
111- 2 Bed
- 1 Bath
- 940 sft
21640 Jacksonville St, Farmington Hills, MI, 48336
$ 100,000
ROI
23.1Cash Flow/m
93- 5 Bed
- 1 Bath
- 1466 sft
25828 Lake Linden Ave, Laurium, MI, 49913
Currently Rented
$ 100,000
ROI
43.0Cash Flow/m
646- 5 Bed
- 2 Bath
- 988 sft
730 Tilden St, Flint, MI, 48505
$ 100,000
ROI
23.1Cash Flow/m
93- 4 Bed
- 2 Bath
- 1680 sft
1535 S M 52, Owosso, MI, 48867
Fix & Flip
$ 100,000
ROI
24.6Cash Flow/m
136- 3 Bed
- 1 Bath
- 887 sft
4402 Pelham St, Dearborn Heights, MI, 48125
Why Invest in Lake Leelanau, Michigan?
Investing in single-family homes in Lake Leelanau, MI offers a unique opportunity in a scenic and growing market. The area boasts an average cap rate of 6.5% and a rental yield near 7%, making it attractive for steady cash flow. Average ROI hovers around 8%, supported by consistent property appreciation at 3.2%. The renter-occupied rate is approximately 35%, reflecting a balanced market between owners and renters. Investors benefit from average rents of about $1,200 and average monthly cash flow near $300 in this niche market.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Lake Leelanau is approximately 7%, making it a favorable market for rental property investors.
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