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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
$ 279,900
ROI
20.4
Cash Flow/m
48- 2 Bed
- 2 Bath
- 960 sft
3708 Pine Ln, Saranac, MI, 48881
$ 149,900
ROI
24.4Cash Flow/m
193- 3 Bed
- 1 Bath
- 1288 sft
86 S Vosper St, Saranac, MI, 48881
$ 199,000
ROI
23.0Cash Flow/m
178- 2 Bed
- 1 Bath
- 948 sft
68 Dewitt St, Saranac, MI, 48881
$ 245,900
ROI
21.3Cash Flow/m
105- 3 Bed
- 2 Bath
- 1300 sft
187 Washington St, 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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