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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Short Term Rental Investment Properties for Sale in Lake, MI
Airbnb Potential
$ 179,900
ROI
23.2
Cash Flow/m
171- 4 Bed
- 2 Bath
- 1664 sft
1632 Birch Dr, Lake, MI, 48632
Airbnb Potential
$ 164,900
ROI
29.2Cash Flow/m
432- 3 Bed
- 1 Bath
- 1100 sft
3251 Havenwood Cir, Lake, MI, 48632
Fix & Flip
Airbnb Potential
$ 135,000
ROI
24.2Cash Flow/m
166- - Bed
- 1 Bath
- 384 sft
11339 Alpine Dr, Lake, MI, 48632
Airbnb Potential
$ 145,900
ROI
23.4Cash Flow/m
149- 3 Bed
- 2 Bath
- 1200 sft
6352 White Acre Dr, 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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