Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Houghton Lake, MI
Listed for sale 2 days ago
$ 229,000
ROI
25.9
Cash Flow/m
393- 3 Bed
- 2 Bath
- 1128 sft
2980 E Houghton Lake Dr, Houghton Lake, MI, 48629
Motivated Seller
$ 345,900
ROI
23.3Cash Flow/m
343- 3 Bed
- 3 Bath
- 2158 sft
149 Oak Marr Dr, Houghton lake, MI, 48629
Listed for sale 7 days ago
$ 320,000
ROI
22.4Cash Flow/m
233- 3 Bed
- 2 Bath
- 1800 sft
124 Winding Dr, Houghton Lake, MI, 48629
$ 189,900
ROI
30.7Cash Flow/m
580- 3 Bed
- 2 Bath
- 1000 sft
120 Pinecrest Dr, Houghton lake, MI, 48629
Why Invest in Houghton Lake, Michigan?
Investing in Houghton Lake, MI properties under $500k offers a strategic opportunity to tap into an affordable market with steady demand. The area features a solid average ROI of 8.5%, attractive rental yields near 7%, and cap rates around 6%. Local economic stability and growing renter occupancy of 58% support consistent cash flow potential averaging $850 monthly. Appreciation rates remain modest but positive, providing balanced growth prospects.
8.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Houghton Lake typically yield an average ROI of around 8.5%, with rental yields near 7%, making them attractive for steady income and growth potential.
Find Your Perfect Investment Property in Houghton Lake, Michigan
Explore investment opportunities by strategy, performance, or property type
