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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Lake, MI
Fix & Flip
Airbnb Potential
Listed for sale 2 days ago
$ 135,000
ROI
23.0
Cash Flow/m
124- - Bed
- 1 Bath
- 384 sft
11339 Alpine Dr, Lake, MI, 48632
Rental Income
Listed for sale 4 days ago
$ 152,500
ROI
27.8Cash Flow/m
340- 2 Bed
- 1 Bath
- - sft
111 Woodland Walk, Lake, MI, 48632
Fix & Flip
$ 265,000
ROI
25.4Cash Flow/m
412- 1 Bed
- 2 Bath
- 1008 sft
11091 W Eight Point Lake Rd, Lake, MI, 48632
$ 300,000
ROI
21.9Cash Flow/m
182- 3 Bed
- 2 Bath
- 1334 sft
491 East St, Lake, MI, 48632
Why Invest in Lake, Michigan?
Investing in Lake, MI properties under $300k offers an accessible entry point into Michigan's growing real estate market. With an average ROI of 7%, investors benefit from solid rental yields averaging 6.5% and cap rates near 5%. The area sees steady appreciation rates around 3%, driven by increasing renter occupancy of 65%. This affordable investment category is ideal for those seeking reliable cash flow in a stable environment.
7%
Avg. ROI
6.5%
Rental Yield
5%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $300k in Lake, MI is approximately 6.5%, offering solid returns for investors focused on affordable rental investments.
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