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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
$ 289,900
ROI
22.6
Cash Flow/m
227- 4 Bed
- 2 Bath
- 2495 sft
6859 Paradise Park, Saranac, MI, 48881
$ 500,000
ROI
21.1Cash Flow/m
188- 3 Bed
- 4 Bath
- 2756 sft
5397 Crooked Crk, Saranac, MI, 48881
Motivated Seller
$ 199,900
ROI
24.1Cash Flow/m
241- 3 Bed
- 2 Bath
- 1680 sft
6312 Portland Rd, Saranac, MI, 48881
$ 279,900
ROI
20.4Cash Flow/m
48- 2 Bed
- 2 Bath
- 960 sft
3708 Pine Ln, 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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