Under $300K Investment Properties for Sale in Lake Odessa, MI
$ 255,000
ROI
31.6
Cash Flow/m
841- 3 Bed
- 2 Bath
- 2180 sft
650 1st St, Lake Odessa, MI, 48849
$ 214,900
ROI
23.0Cash Flow/m
192- 2 Bed
- 1 Bath
- 940 sft
1010 1st Ave, Lake Odessa, MI, 48849
$ 200,000
ROI
27.4Cash Flow/m
422- 3 Bed
- 1 Bath
- 1172 sft
812 6th Ave, Lake Odessa, MI, 48849
$ 259,900
ROI
26.8Cash Flow/m
512- 3 Bed
- 2 Bath
- 1555 sft
806 Jordan Lake 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.
Find Your Perfect Investment Property in Lake Odessa, Michigan
Explore investment opportunities by strategy, performance, or property type
