Under $500K 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 $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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