Short Term Rental Investment Properties for Sale in Lake, MI
Airbnb Potential
Listed for sale 7 days ago
$ 179,999
ROI
26.6
Cash Flow/m
345- 2 Bed
- 1 Bath
- 1056 sft
10780 Alpine 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
Airbnb Potential
$ 143,500
ROI
24.6Cash Flow/m
194- 2 Bed
- 1 Bath
- 984 sft
11329 Alpine Dr, Lake, MI, 48632
Airbnb Potential
$ 235,000
ROI
22.5Cash Flow/m
182- 3 Bed
- 2 Bath
- 1131 sft
8180 Trails End Rd, Lake, MI, 48632
Why Invest in Lake, Michigan?
Investing in short-term rentals in Lake, MI offers a promising opportunity to capitalize on the growing tourism sector in Michigan. The area's average rental yield of 7.2% and cap rate of 6.5% reflect solid returns, supported by a rising average rent of $1,400. Investors can expect an average ROI of 8% and steady appreciation around 3% annually. With a renter occupancy rate of 65%, short-term rental properties provide attractive cash flow in this vibrant market.
8%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for short-term rental investments in Lake, MI is approximately 8%, offering competitive returns compared to other regional markets.
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