Under $300K Investment Properties for Sale in Carp Lake, MI

Property at 12383 N Mackinaw Hwy, Carp Lake, MI
$ 189,000
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign192
  • 3 Bed
  • 2 Bath
  • 2744 sft
12383 N Mackinaw Hwy, Carp Lake, MI, 49718
Property at 7115 Clinton Ave, Carp lake, MI
$ 129,900
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign184
  • 2 Bed
  • 1 Bath
  • 962 sft
7115 Clinton Ave, Carp lake, MI, 49718
Property at 4621 E Gill Rd, Carp Lake, MI
$ 130,000
ROI
23.1ROI percentage
Cash Flow/m
Dollar sign123
  • 4 Bed
  • 2 Bath
  • 1440 sft
4621 E Gill Rd, Carp Lake, MI, 49718
Property at 10295 Lakeview Rd, Carp Lake, MI
Airbnb Potential
Rental Income
$ 139,900
ROI
24.0ROI percentage
Cash Flow/m
Dollar sign166
  • 1 Bed
  • 1 Bath
  • 464 sft
10295 Lakeview Rd, Carp Lake, MI, 49718

Why Invest in Carp Lake, Michigan?

Investing in Carp Lake, MI properties under 300k offers affordable entry into Michigan's growing real estate market. The area shows solid average cash flow and rental yield, making it attractive for investors focused on mid-range residential opportunities. With a cap rate near 7% and average ROI around 8%, Carp Lake delivers steady returns. The renter-occupied rate remains healthy, supporting consistent rental demand in this region.

8%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$500/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental yield for properties under 300k in Carp Lake is approximately 6.5%, making it a viable market for steady rental income.

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