Under $500K Investment Properties for Sale in Lakeport, MI
Listed for sale 5 days ago
$ 215,000
ROI
26.6
Cash Flow/m
407- - Bed
- 1 Bath
- 1037 sft
6555 Bunker Rd, Lakeport, MI, 48059
$ 220,000
ROI
31.6Cash Flow/m
726- 2 Bed
- 1 Bath
- 1136 sft
7190 Lakeshore Rd, Lakeport, MI, 48059
$ 495,000
ROI
22.4Cash Flow/m
366- 3 Bed
- 2 Bath
- 2080 sft
7800 Hemlock Dr, Lakeport, MI, 48059
$ 299,900
ROI
20.2Cash Flow/m
35- 5 Bed
- 1 Bath
- 1997 sft
6260 North Rd, Lakeport, MI, 48059
Why Invest in Lakeport, Michigan?
Investing in Lakeport, MI properties under $500k offers a unique opportunity to tap into a stable Midwestern market with a growing rental demand. The area showcases an average ROI of around 7%, supported by solid rental yields and cap rates near 6%. With average rents at approximately $950 monthly and consistent property appreciation, investors can expect attractive cash flow. Lakeport's renter-occupied rates of 40% highlight a steady tenant base, ideal for long-term investment growth.
7%
Avg. ROI
6%
Rental Yield
5.8%
Cap Rate
$250/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Properties under $500k in Lakeport generally include single-family homes, small multifamily units, and some condos, making it ideal for entry-level investors.
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