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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Lake City, MI
$ 185,000
ROI
22.4
Cash Flow/m
135- 1 Bed
- 1 Bath
- 390 sft
1545 S Lachance Rd, Lake City, MI, 49651
$ 144,900
ROI
24.4Cash Flow/m
186- 3 Bed
- 2 Bath
- 1007 sft
1333 W Houghton Lake Rd, Lake city, MI, 49651
$ 174,900
ROI
23.7Cash Flow/m
192- 3 Bed
- 2 Bath
- 1313 sft
1916 S Rose Ave, Lake City, MI, 49651
$ 169,900
ROI
23.8Cash Flow/m
190- 2 Bed
- 2 Bath
- 1250 sft
327 S Gladwin St, Lake City, MI, 49651
Why Invest in Lake City, Michigan?
Investing in Lake City, MI properties under $200k offers a unique opportunity for affordable entry into a stable market. The area boasts an average ROI of 7%, supported by a rental yield of 6.5% and a cap rate near 5.8%. Investors can expect solid average cash flow figures, aligned with the local average rent of $850. Appreciation rates have steadily hovered around 3%, indicating healthy market growth for budget-conscious investors.
7%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$250/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $200k in Lake City are single-family homes and small multifamily units. These are ideal for investors looking for affordable entry points with stable rental potential.
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