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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Lake Odessa, MI
Fix & Flip
Listed for sale 6 days ago
$ 100,000
ROI
24.0
Cash Flow/m
117- 2 Bed
- 1 Bath
- 1112 sft
2375 Tamarack St, Lake Odessa, MI, 48849
$ 187,900
ROI
23.9Cash Flow/m
217- 3 Bed
- 2 Bath
- 1368 sft
773 3rd Ave, Lake Odessa, MI, 48849
$ 274,999
ROI
26.7Cash Flow/m
534- 4 Bed
- 2 Bath
- 1724 sft
752 Jordan Lake Ave, Lake Odessa, MI, 48849
$ 174,900
ROI
25.9Cash Flow/m
299- 2 Bed
- 1 Bath
- 1400 sft
1304 Pearl St, Lake Odessa, MI, 48849
Why Invest in Lake Odessa, Michigan?
Investing in Lake Odessa, MI, under $300k properties offers a strong entry point into Michigan's growing real estate market. The area combines affordable housing with promising average rental yields around 7%, attractive cap rates near 6%, and a stable renter-occupied rate exceeding 45%. Average cash flow for these properties remains positive, supported by steady appreciation rates close to 3%. These metrics highlight Lake Odessa as an ideal choice for budget-conscious investors seeking steady returns.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$500/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Most properties under $300k in Lake Odessa are single-family homes and smaller multi-family units, ideal for entry-level investors and first-time buyers.
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