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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Lennon, MI
Listed for sale 7 days ago
$ 189,900
ROI
22.0
Cash Flow/m
116- 3 Bed
- 1 Bath
- 925 sft
11695 E Lytle Rd, Lennon, MI, 48449
$ 329,900
ROI
19.8Cash Flow/m
5- 3 Bed
- 2 Bath
- 1800 sft
12164 Miller Rd, Lennon, MI, 48449
$ 330,000
ROI
27.5Cash Flow/m
709- 4 Bed
- 3 Bath
- 2100 sft
1412 S Byron Rd, Lennon, MI, 48449
$ 255,000
ROI
22.9Cash Flow/m
223- 3 Bed
- 3 Bath
- 3080 sft
11840 Woodland Dr, Lennon, MI, 48449
Why Invest in Lennon, Michigan?
Investing in Lennon, MI offers a solid opportunity for real estate investors seeking affordable entry points in Michigan. The local market shows a steady average ROI of around 7%, with rental yields near 8%, reflecting strong demand from renter-occupied properties which represent 60% of housing. Cap rates remain competitive at approximately 6%, while average rents hover near $850 per month. Appreciation is moderate, around 3% annually, indicating stable long-term gains.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$400/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Lennon, MI is approximately 8%, making it a favorable market for rental property investors.
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