Lake City Investment Analysis

Investment Property in Lake City, MI

Lake City, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 199,900

Median

1,905

Avg/Sq.ft.
CASH ON CASH RETURN

7.00%

Traditional

7.00%

Airbnb
NUMBER OF PROPERTIES

11

Investment

35

Airbnb

N/A

Traditional

34%

Airbnb occupancy rate

Lake City, MI Properties Rental Prices

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Investment Properties for Sale in Lake City, MI

Investment Properties for Sale
$399,000
MLS 1919101
Lake City
Single Family Residential
4 beds 4 baths 2,971 sq.ft.
CAP RATE Trad. 7.10% Airbnb 9.35%
Investment Properties for Sale
$157,000
MLS 1919588
Lake City
Single Family Residential
3 beds 2 baths 1,512 sq.ft.
CAP RATE Trad. 9.41% Airbnb 7.68%
Investment Properties for Sale
$199,900
MLS 1917451
Lake City
Single Family Residential
3 beds 2 baths 1,647 sq.ft.
CAP RATE Trad. 8.13% Airbnb 6.71%
Investment Properties for Sale
$199,900
MLS 1920269
Lake City
Single Family Residential
2 beds 2 baths 1,479 sq.ft.
CAP RATE Trad. 5.71% Airbnb 4.68%
Investment Properties for Sale
$287,500
MLS 1920105
Lake City
Single Family Residential
3 beds 2 baths 1,656 sq.ft.
CAP RATE Trad. 4.51% Airbnb 4.17%
Investment Properties for Sale
$289,900
MLS 1918144
Lake City
Single Family Residential
3 beds 3 baths 2,016 sq.ft.
CAP RATE Trad. 5.36% Airbnb 3.00%
Investment Properties for Sale
$575,000
MLS 1914082
Lake City
Single Family Residential
3 beds 1 baths 2,218 sq.ft.
CAP RATE Trad. 0.70% Airbnb 1.55%
Investment Properties for Sale
$299,900
MLS 50127802
Lake City
Single Family Residential
5 beds 3 baths 3,400 sq.ft.
CAP RATE Trad. 7.45% Airbnb N/A

Single Family Houses for Sale in Lake City, MI

Investment Properties for Sale
$399,000
MLS 1919101
Lake City
Single Family Residential
4 beds 4 baths 2,971 sq.ft.
CAP RATE Trad. 7.10% Airbnb 9.35%
Investment Properties for Sale
$157,000
MLS 1919588
Lake City
Single Family Residential
3 beds 2 baths 1,512 sq.ft.
CAP RATE Trad. 9.41% Airbnb 7.68%
Investment Properties for Sale
$199,900
MLS 1917451
Lake City
Single Family Residential
3 beds 2 baths 1,647 sq.ft.
CAP RATE Trad. 8.13% Airbnb 6.71%
Investment Properties for Sale
$199,900
MLS 1920269
Lake City
Single Family Residential
2 beds 2 baths 1,479 sq.ft.
CAP RATE Trad. 5.71% Airbnb 4.68%
Investment Properties for Sale
$287,500
MLS 1920105
Lake City
Single Family Residential
3 beds 2 baths 1,656 sq.ft.
CAP RATE Trad. 4.51% Airbnb 4.17%
Investment Properties for Sale
$289,900
MLS 1918144
Lake City
Single Family Residential
3 beds 3 baths 2,016 sq.ft.
CAP RATE Trad. 5.36% Airbnb 3.00%
Investment Properties for Sale
$575,000
MLS 1914082
Lake City
Single Family Residential
3 beds 1 baths 2,218 sq.ft.
CAP RATE Trad. 0.70% Airbnb 1.55%
Investment Properties for Sale
$299,900
MLS 50127802
Lake City
Single Family Residential
5 beds 3 baths 3,400 sq.ft.
CAP RATE Trad. 7.45% Airbnb N/A

Top Lake City, MI Neighborhoods - Real Estate Market Analysis

Lake City
PROPERTY PRICE

$349,900

Median for city
CAP RATE

9.98%

Traditional

3.98%

Airbnb
RENTAL INCOME

N/A

Traditional

$ 1,554

Airbnb

38%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Lake City, MI

Modern Farmhouse Style Cottage
$142 per night Airbnb occupancy rate 66%
Cottage 2 · 1.5 · 6
Rental Income: $2,840 per month
5
147
The Sportsman's Shack!
$120 per night Airbnb occupancy rate 31%
Cabin 2 · 1 · 8
Rental Income: $1,150 per month
5
143
Lake City Landings Unit 5
$368 per night Airbnb occupancy rate 60%
Condominium 4 · 2.5 · 12
Rental Income: $6,747 per month
5
141
Lake City Landings Unit 1
$140 per night Airbnb occupancy rate 46%
Apartment 2 · 1.5 · 8
Rental Income: $1,983 per month
5
95
Downtown Cottage with Lake Missaukee Frontage!
$235 per night Airbnb occupancy rate 41%
Cottage 4 · 1.5 · 9
Rental Income: $2,938 per month
5
63
Lake City Landings Unit 4
$219 per night Airbnb occupancy rate 46%
Serviced apartment 2 · 1 · 5
Rental Income: $3,084 per month
5
62
Lake City Landings Unit 3
$154 per night Airbnb occupancy rate 47%
Apartment 2 · 1 · 6
Rental Income: $2,220 per month
5
54
Rustic Log Cabin known as the Ten Point Cabin
$59 per night Airbnb occupancy rate 44%
Cabin 0 · 0 · 2
Rental Income: $792 per month
5
54

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Walled Lake $380,000 4% 6% $2,428 $3,433 49 69%
Wixom $494,950 4% 5% $2,671 $3,960 22 69%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $299,900 6% 5% $2,414 $2,726 15 66%
Farmington $297,450 3% 5% $1,608 $2,862 14 65%
Wyandotte $200,000 4% 5% $1,460 $1,833 27 64%
Trenton $189,900 4% 10% $1,383 $3,087 15 64%
Canton $406,250 3% 4% $2,527 $3,835 76 63%
Lincoln Park $149,950 7% 9% $1,405 $2,001 46 62%
Haslett $457,450 3% 4% $2,305 $3,296 16 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Okemos $449,900 3% 5% $2,341 $3,115 27 59%
Garden City $189,900 6% 6% $1,451 $2,011 25 58%
Highland $339,800 4% 8% $2,236 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,880 $2,695 98 55%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Traverse City $459,000 3% 6% $2,401 $4,408 304 51%
Redford $234,900 5% 5% $1,660 $2,552 209 51%
Lake Orion $397,450 4% 6% $2,264 $3,452 44 51%
White Lake $399,900 4% 4% $2,483 $2,575 34 50%
View all michigan cities

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