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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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
$ 425,000
ROI
23.9Cash Flow/m
494- 5 Bed
- 3 Bath
- 2788 sft
918 Emerald Cir, Lake Odessa, MI, 48849
Why Invest in Lake Odessa, Michigan?
Investing in Lake Odessa, MI, under $500k offers attractive opportunities with steady rental yields and moderate appreciation. The area has an average ROI of 7.8%, supported by a rental yield of 5.1% and a cap rate around 6.0%. Average cash flow sits near $350 monthly, making it appealing for income-focused investors. With a renter occupancy rate of 52%, demand remains solid for affordable housing options, boosted by local economic growth and a stable job market.
7.8%
Avg. ROI
5.1%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$1050/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Investors can find a variety of single-family homes and smaller multi-family units under $500k in Lake Odessa, suitable for rental or resale investments.
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