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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Skandia, MI
Listed for sale 4 days ago
$ 335,000
ROI
20.2
Cash Flow/m
42- 3 Bed
- 2 Bath
- 1394 sft
1658 Engman Lake Rd, Skandia, MI, 49885
$ 300,000
ROI
21.6Cash Flow/m
157- 4 Bed
- 2 Bath
- 6540 sft
225 J H Ln, Skandia, MI, 49885
$ 285,000
ROI
24.7Cash Flow/m
389- 3 Bed
- 2 Bath
- 1410 sft
N6123 N Ferguson Rd, Skandia, MI, 49885
$ 319,000
ROI
25.2Cash Flow/m
485- 3 Bed
- 3 Bath
- 1420 sft
971 County Road 545 N, Skandia, MI, 49885
Why Invest in Skandia, Michigan?
Investing in residential properties in Skandia, MI offers stable returns backed by a growing rental demand. The area has an average rental yield of 7.2% complementing its steady appreciation rate of 3.5% annually. Cap rates remain attractive at around 6.1%, generating solid average cash flows for investors. Average rents are competitive, reflecting the local economic strength and population stability. Skandia's rental occupancy rates indicate a renter-occupied proportion nearing 60%, making it an appealing investment site.
8.5%
Avg. ROI
7.2%
Rental Yield
6.1%
Cap Rate
$850/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Skandia, MI is approximately 7.2%, making it an attractive market for rental property investors.
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