Under $300K Investment Properties for Sale in Lake, MI
Listed for sale 1 day ago
$ 144,900
ROI
28.4
Cash Flow/m
348- 2 Bed
- 1 Bath
- 1000 sft
8196 Ludington Dr, Lake, MI, 48632
Airbnb Potential
Listed for sale 7 days ago
$ 179,999
ROI
26.6Cash Flow/m
345- 2 Bed
- 1 Bath
- 1056 sft
10780 Alpine Dr, Lake, MI, 48632
$ 235,000
ROI
21.6Cash Flow/m
119- 2 Bed
- 2 Bath
- 1144 sft
3031 Havenwood Dr, Lake, MI, 48632
Airbnb Potential
Rental Income
$ 109,500
ROI
23.1Cash Flow/m
101- 1 Bed
- 1 Bath
- 618 sft
410 Silver Lake Dr, 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.
Find Your Perfect Investment Property in Lake, Michigan
Explore investment opportunities by strategy, performance, or property type
