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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Otter Lake, MI
Listed for sale 1 day ago
$ 179,888
ROI
29.6
Cash Flow/m
495- 3 Bed
- 2 Bath
- 1805 sft
(Undisclosed Address), Otter Lake, MI, 48464
$ 249,999
ROI
20.4Cash Flow/m
46- 3 Bed
- 1 Bath
- 1120 sft
4855 Briggs Rd, Otter Lake, MI, 48464
$ 190,000
ROI
24.6Cash Flow/m
257- 3 Bed
- 2 Bath
- 1456 sft
3419 Burnside Rd, Otter Lake, MI, 48464
Airbnb Potential
$ 120,000
ROI
24.7Cash Flow/m
166- 2 Bed
- 1 Bath
- 869 sft
13152 Washburn Rd, Otter Lake, MI, 48464
Why Invest in Otter Lake, Michigan?
Investing in Otter Lake, MI offers promising opportunities with a focus on high rental yield properties. The city boasts an average rental yield of 8.5%, making it attractive for investors seeking steady income. The average return on investment (ROI) is around 7%, supported by a cap rate of 6%. Average rent prices stand near $900/month with a cash flow averaging $250 monthly. Appreciation rates are around 3.5%, underpinned by a stable renter occupancy rate of 68%.
7%
Avg. ROI
8.5%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Otter Lake, MI is approximately 8.5%, making it a strong market for rental income investors.
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