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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Pellston, MI
$ 339,900
ROI
28.2
Cash Flow/m
795- 4 Bed
- 3 Bath
- 1740 sft
7840 Douglas Lake Rd, Pellston, MI, 49769
$ 306,600
ROI
23.1Cash Flow/m
286- - Bed
- 2 Bath
- 1530 sft
892 Red School Rd, Pellston, MI, 49769
$ 333,250
ROI
34.6Cash Flow/m
1376- 3 Bed
- 3 Bath
- 3618 sft
6075 W Edgar St, Pellston, MI, 49769
$ 229,000
ROI
31.3Cash Flow/m
736- 3 Bed
- 2 Bath
- 1150 sft
394 Townline Rd, Pellston, MI, 49769
Why Invest in Pellston, Michigan?
Investing in Pellston, MI properties with a focus on high rental yield offers a compelling opportunity for consistent income. This area shows an average rental yield of 9%, strong cap rates around 7%, and an average ROI near 8%. With rental demand stable due to local industry and tourism, investors can expect average cash flow of $600 per property. The average monthly rent holds steady at $850, supported by a renter-occupied rate near 65%. Appreciation rates are modest but positive at about 2% annually.
8%
Avg. ROI
9%
Rental Yield
7%
Cap Rate
$600/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Pellston is approximately 9%, making it a favorable location for rental property investors seeking high income returns.
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