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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
Listed for sale 2 days ago
$ 139,900
ROI
24.4
Cash Flow/m
179- 2 Bed
- 2 Bath
- 1008 sft
3140 Lake Of The Pines Dr, Lake, MI, 48632
Listed for sale 6 days ago
$ 220,000
ROI
22.5Cash Flow/m
167- 2 Bed
- 2 Bath
- 1040 sft
3270 Lake Of The Pines Dr, Lake, MI, 48632
$ 115,000
ROI
24.6Cash Flow/m
157- 1 Bed
- 1 Bath
- 914 sft
407 Hunter Dr, Lake, MI, 48632
$ 189,000
ROI
28.3Cash Flow/m
448- 3 Bed
- 2 Bath
- 1280 sft
10419 Hunters Trl, 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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