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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Lake, MI
$ 114,255
ROI
22.0
Cash Flow/m
71- 2 Bed
- 1 Bath
- 710 sft
2221 Grass Lake Ave #255, Lake, MI, 48632
$ 110,000
ROI
25.2Cash Flow/m
165- 1 Bed
- 1 Bath
- 660 sft
2221 Grass Lake Ave Lot 30, Lake, MI, 48632
or
Here are some other similar properties you might be interested in:
Listed for sale 5 days ago
$ 100,000
ROI
40.7Cash Flow/m
584- 2 Bed
- 1 Bath
- 801 sft
8167 House St, Detroit, MI, 48234
Listed for sale 5 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 4 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 4 days ago
$ 100,000
ROI
16.6Gross Rent Yield
9.5- 3 Bed
- 2 Bath
- 1400 sft
4233 N Pheasant Rd, Lincoln, MI, 48742
Listed for sale 5 days ago
$ 100,000
ROI
50.3Cash Flow/m
849- 3 Bed
- 2 Bath
- 1380 sft
203 Mifflin Ave, Lansing, MI, 48912
Listed for sale 6 days ago
$ 100,000
ROI
14.4Gross Rent Yield
9.4- 1 Bed
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- 621 sft
1715 Maple Rdg APT 4, Haslett, MI, 48840
Listed for sale 7 days ago
$ 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, Michigan?
Investing in condos in Lake, MI offers a unique opportunity to capitalize on the growing demand for waterfront and vacation properties. With solid average rental yields and a stable cap rate, condo investments provide attractive cash flow. Appreciation rates remain steady, reflecting the area's desirability and improving infrastructure. Rental occupancy rates are strong, supporting consistent income streams. This makes Lake, MI condos a compelling choice for real estate investors looking for diversification.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for condos in Lake, MI is approximately 7%, reflecting stable rental demand and property appreciation.
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