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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 3 days ago
$ 155,000
ROI
23.5
Cash Flow/m
162- 2 Bed
- 1 Bath
- 1100 sft
8196 Ludington Dr, Lake, MI, 48632
Listed for sale 5 days ago
$ 159,000
ROI
23.2Cash Flow/m
151- 1 Bed
- 1 Bath
- 672 sft
6250 Big Buck, Lake, MI, 48632
Airbnb Potential
$ 179,900
ROI
23.2Cash Flow/m
171- 4 Bed
- 2 Bath
- 1664 sft
1632 Birch Dr, Lake, MI, 48632
$ 159,900
ROI
24.0Cash Flow/m
191- 3 Bed
- 1 Bath
- 1192 sft
8938 Gibson Ave, 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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