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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Lennon, MI
$ 150,000
ROI
23.7
Cash Flow/m
164- 2 Bed
- 2 Bath
- 1300 sft
9791 Cronk Rd, Lennon, MI, 48449
$ 199,900
ROI
28.8Cash Flow/m
502- 3 Bed
- 1 Bath
- 1064 sft
899 Oak St, Lennon, MI, 48449
$ 280,000
ROI
20.7Cash Flow/m
77- 4 Bed
- 3 Bath
- 2200 sft
1387 S Byron Rd, Lennon, MI, 48449
$ 150,000
ROI
24.8Cash Flow/m
212- 3 Bed
- 2 Bath
- 1360 sft
11647 E Lennon Rd, 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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