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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Saranac, MI
$ 295,000
ROI
21.2
Cash Flow/m
120- 4 Bed
- 3 Bath
- 2156 sft
8456 Centerline Rd, Saranac, MI, 48881
$ 345,000
ROI
20.4Cash Flow/m
60- 3 Bed
- 2 Bath
- 1824 sft
1124 Pinckney Rd, Saranac, MI, 48881
Motivated Seller
$ 199,900
ROI
23.6Cash Flow/m
215- 3 Bed
- 2 Bath
- 1680 sft
6312 Portland Rd, Saranac, MI, 48881
$ 350,000
ROI
20.4Cash Flow/m
66- 3 Bed
- 3 Bath
- 1823 sft
6733 Beechwood Dr, 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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