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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Fix And Flip Investment Properties for Sale in Lake, MI
Fix & Flip
$ 125,000
ROI
23.2
Cash Flow/m
119- 3 Bed
- 2 Bath
- 1962 sft
8745 Florence St, Lake, MI, 48632
Fix & Flip
$ 246,000
ROI
24.7Cash Flow/m
336- 3 Bed
- 2 Bath
- 1968 sft
9361 Johnson Rd, Lake, MI, 48632
Fix & Flip
Airbnb Potential
$ 145,900
ROI
29.8Cash Flow/m
408- 3 Bed
- 2 Bath
- 1200 sft
6352 White Acre Dr, Lake, MI, 48632
Fix & Flip
Airbnb Potential
$ 139,000
ROI
23.8Cash Flow/m
155- 3 Bed
- 2 Bath
- 1344 sft
4380 Hemlock Ave, Lake, MI, 48632
Why Invest in Lake, Michigan?
Investing in fix-and-flip properties in Lake, MI offers opportunities in a market with a solid average ROI of 12.5%. The area's rental yield stands at 6.0%, reflecting steady demand despite a competitive cap rate of 8.2%. Properties typically generate an average cash flow of $1,200 per month, with average rents around $1,100. Appreciation is modest at 3.5%, and renter occupancy remains high at 70%, making it a strategic choice for investors.
12.5%
Avg. ROI
6%
Rental Yield
8.2%
Cap Rate
$1200/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for fix-and-flip investments in Lake, MI is approximately 12.5%, reflecting robust returns for investors in this market.
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