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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Lakeport, MI
$ 169,900
ROI
24.6
Cash Flow/m
230- 3 Bed
- 2 Bath
- 1672 sft
3325 Berry Dr, Lakeport, MI, 48059
$ 125,000
ROI
23.1Cash Flow/m
116- 2 Bed
- 1 Bath
- 825 sft
3731 Huron Ct, Lakeport, MI, 48059
$ 225,000
ROI
21.1Cash Flow/m
87- 4 Bed
- 1 Bath
- 1058 sft
3821 Myrtle Rd, Lakeport, MI, 48059
$ 290,000
ROI
24.5Cash Flow/m
381- 4 Bed
- 3 Bath
- 3080 sft
4202 Norman 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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