High Rental Yield Investment Properties for Sale in Otter Lake, MI
Listed for sale 6 days ago
$ 209,900
ROI
20.2
Cash Flow/m
26- 3 Bed
- 2 Bath
- 1680 sft
5553 Avenue G, Otter Lake, MI, 48464
Listed for sale 7 days ago
$ 374,900
ROI
30.1Cash Flow/m
1075- 3 Bed
- 3 Bath
- 2561 sft
3809 Otter Lake Rd, Otter Lake, MI, 48464
$ 210,000
ROI
24.8Cash Flow/m
294- 2 Bed
- 1 Bath
- 1643 sft
12346 Lake Rd, Otter Lake, MI, 48464
$ 249,900
ROI
22.4Cash Flow/m
181- 3 Bed
- 1 Bath
- 1120 sft
4855 Briggs 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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