High Rental Yield Investment Properties for Sale in Saranac, MI
Listed for sale 7 days ago
$ 539,900
ROI
26.2
Cash Flow/m
912- 4 Bed
- 4 Bath
- 2256 sft
7086 Peck Lake Rd, Saranac, MI, 48881
Motivated Seller
$ 165,000
ROI
23.5Cash Flow/m
170- 4 Bed
- 1 Bath
- 1440 sft
7122 Portland Rd, Saranac, MI, 48881
Fix & Flip
$ 120,000
ROI
23.6Cash Flow/m
130- 3 Bed
- 2 Bath
- 1035 sft
8669 Meadow Vista Dr, Saranac, MI, 48881
$ 295,000
ROI
21.2Cash Flow/m
120- 4 Bed
- 3 Bath
- 2156 sft
8456 Centerline Rd, Saranac, MI, 48881
Why Invest in Saranac, Michigan?
Saranac, MI offers promising opportunities for investors seeking high rental yield properties. The local real estate market shows an average rental yield of 7.2%, reflecting strong demand for rental housing. With cap rates around 6.5% and average cash flow positive properties, investors can expect healthy returns. The average rent stands at $900 per month with a steady appreciation rate of 2.8% annually. Additionally, a renter-occupied rate near 52% indicates a thriving rental market in Saranac.
8.5%
Avg. ROI
7.2%
Rental Yield
6.5%
Cap Rate
$150/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2.8%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Saranac for high rental yield properties is approximately 7.2%, indicating strong rental income relative to property prices.
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