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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
20.3
Cash Flow/m
47- 3 Bed
- 1 Bath
- 1664 sft
5715 Potters Rd, Saranac, MI, 48881
$ 144,900
ROI
24.2Cash Flow/m
177- 3 Bed
- - Bath
- 984 sft
4882 W Bluewater Hwy, Saranac, MI, 48881
Airbnb Potential
$ 285,000
ROI
29.0Cash Flow/m
731- 4 Bed
- 2 Bath
- 2495 sft
6859 Paradise Park, Saranac, MI, 48881
$ 459,900
ROI
22.5Cash Flow/m
354- 5 Bed
- 3 Bath
- 3237 sft
2869 Ridgecrest 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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