High Rental Yield Investment Properties for Sale in Lake, MI
Listed for sale 1 day ago
$ 144,900
ROI
28.4
Cash Flow/m
348- 2 Bed
- 1 Bath
- 1000 sft
8196 Ludington Dr, Lake, MI, 48632
Airbnb Potential
Listed for sale 7 days ago
$ 179,999
ROI
26.6Cash Flow/m
345- 2 Bed
- 1 Bath
- 1056 sft
10780 Alpine Dr, Lake, MI, 48632
$ 235,000
ROI
21.6Cash Flow/m
119- 2 Bed
- 2 Bath
- 1144 sft
3031 Havenwood Dr, Lake, MI, 48632
Airbnb Potential
Rental Income
$ 109,500
ROI
23.1Cash Flow/m
101- 1 Bed
- 1 Bath
- 618 sft
410 Silver Lake Dr, Lake, MI, 48632
Why Invest in Lake, Michigan?
Investing in high rental yield properties in Lake, MI offers a robust opportunity for steady cash flow and capital appreciation. The local market features an average rental yield of 8.5%, with competitive cap rates around 6.5%. Investors can expect an average ROI of 9%, supported by strong renter occupancy rates near 92%. The area's economic stability and growing population contribute to consistent rent growth and opportunities for long-term investment success.
9%
Avg. ROI
8.5%
Rental Yield
6.5%
Cap Rate
$800/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Lake, MI is approximately 8.5%, making it an attractive location for rental property investors.
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