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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Central Lake, MI
Rental Income
$ 175,000
ROI
29.8
Cash Flow/m
489- 2 Bed
- 2 Bath
- 1200 sft
7963 E State St, Central Lake, MI, 49622
$ 229,500
ROI
23.7Cash Flow/m
249- 3 Bed
- 2 Bath
- 1680 sft
8106 W State St, Central Lake, MI, 49622
$ 269,900
ROI
22.9Cash Flow/m
236- 2 Bed
- 1 Bath
- 1100 sft
4958 Rushton Rd, Central Lake, MI, 49622
Airbnb Potential
$ 110,000
ROI
51.8Cash Flow/m
981- 2 Bed
- 1 Bath
- 740 sft
153 N Derenzy Rd, Central Lake, MI, 49622
Why Invest in Central Lake, Michigan?
Investing in Central Lake, MI with properties under $300k offers a solid entry into an emerging market. The area shows a promising average ROI of 8%, combined with a steady rental yield of 6%. Cap rates hover near 5%, signaling healthy income potential. Average cash flow remains competitive, with rents averaging around $950 per month. Appreciation trends suggest gradual growth, while renter-occupied rates support consistent demand.
8%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$250/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Most properties under $300k include single-family homes and small multifamily units, suitable for entry-level investors and rentals. These properties typically appeal to local renters and seasonal residents.
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