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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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 single-family properties in Lennon, MI offers a balanced opportunity for steady rental income and potential appreciation. Demand for single-family rentals is supported by a rental yield averaging around 7%, with cap rates near 6%, indicating a healthy market for real estate investors. The average ROI of approximately 8.5% highlights attractive returns, while an average monthly rent of $900 and cash flow nearing $300 provide stable income streams. Renter occupancy remains strong, reflecting steady tenant demand in Lennon.
8.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Lennon is approximately 7%, making it a promising location for rental investment.
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