Under $300K Investment Properties for Sale in Central Lake, MI
$ 159,000
ROI
24.8
Cash Flow/m
222- 3 Bed
- 1 Bath
- 1124 sft
2927 N Main St, Central Lake, MI, 49622
$ 219,000
ROI
20.6Cash Flow/m
54- 3 Bed
- 1 Bath
- 1400 sft
2032 Devlin Rd, Central Lake, MI, 49622
$ 279,900
ROI
26.8Cash Flow/m
545- 3 Bed
- 2 Bath
- 891 sft
1627 W Intermediate Lake Dr, Central Lake, MI, 49622
$ 247,900
ROI
20.3Cash Flow/m
36- 2 Bed
- 1 Bath
- 1060 sft
2183 Howard 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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