Single Family Investment Properties for Sale in Lenox, MI
$ 289,900
ROI
23.4
Cash Flow/m
294- 3 Bed
- 1 Bath
- 1080 sft
28090 27 Mile Rd, Lenox, MI, 48048
$ 275,000
ROI
24.8Cash Flow/m
385- 3 Bed
- 2 Bath
- 1400 sft
64690 Gratiot Ave, Lenox, MI, 48050
$ 599,000
ROI
24.6Cash Flow/m
745- 4 Bed
- 4 Bath
- 4096 sft
37433 26 Mile Rd, Lenox, MI, 48048
$ 399,900
ROI
21.5Cash Flow/m
200- 3 Bed
- 3 Bath
- 1958 sft
37580 28 Mile Rd, Lenox, MI, 48048
Why Invest in Lenox, Michigan?
Investing in single-family homes in Lenox, MI offers a stable opportunity in this growing community. The area shows an average ROI of 7.5%, with rental yields around 6.8% for single-family properties. Cap rates remain competitive at 6.2%, supported by steady appreciation rates of 3.5%. Average cash flow is positive, averaging $450 monthly, and renter occupancy is strong at 65%, making Lenox a promising market for real estate investors.
7.5%
Avg. ROI
6.8%
Rental Yield
6.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Lenox is approximately 6.8%, making it a solid choice for investors seeking stable rental income.
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