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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
Listed for sale 3 days ago
$ 104,000
ROI
23.5
Cash Flow/m
108- 3 Bed
- 2 Bath
- 1216 sft
3475 N M 88 Hwy, Central Lake, MI, 49622
Listed for sale 5 days ago
$ 220,000
ROI
30.4Cash Flow/m
651- 3 Bed
- 2 Bath
- 1920 sft
10420 Maple View Dr, Central Lake, MI, 49622
Listed for sale 7 days ago
$ 174,900
ROI
28.3Cash Flow/m
417- 2 Bed
- 1 Bath
- 740 sft
153 N Derenzy Rd, Central Lake, MI, 49622
$ 149,000
ROI
23.9Cash Flow/m
169- 2 Bed
- 1 Bath
- 851 sft
2037 S Main St, 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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