Under $200K Investment Properties for Sale in Lapeer, MI

Property at 1143 Baldwin Rd, Lapeer, MI
Listed for sale 2 days ago
$ 150,000
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign152
  • 3 Bed
  • 2 Bath
  • 1760 sft
1143 Baldwin Rd, Lapeer, MI, 48446
Property at 1988 S Elba Rd, Lapeer, MI
$ 130,000
ROI
29.2ROI percentage
Cash Flow/m
Dollar sign343
  • 2 Bed
  • 1 Bath
  • 1200 sft
1988 S Elba Rd, Lapeer, MI, 48446
Property at 1440 E Sawdust Corners Rd, Lapeer, MI
$ 199,000
ROI
23.6ROI percentage
Cash Flow/m
Dollar sign214
  • 3 Bed
  • 1 Bath
  • 1220 sft
1440 E Sawdust Corners Rd, Lapeer, MI, 48446
Property at 2671 Fish Lake Rd, Lapeer, MI
Fix & Flip
$ 100,000
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign104
  • 3 Bed
  • 1 Bath
  • 960 sft
2671 Fish Lake Rd, Lapeer, MI, 48446

Why Invest in Lapeer, Michigan?

Investing in Lapeer, MI, under $200k offers a unique opportunity to tap into an affordable housing market with solid investment potential. The local rental yield and average cash flow support sustainable income streams, making it ideal for budget-conscious investors. The cap rate remains competitive compared to other Michigan cities, while steady appreciation indicates long-term value growth. Lapeer's renter-occupied rate enhances demand stability for rental properties in this price range.

7.5%
Avg. ROI
8.2%
Rental Yield
6.8%
Cap Rate
$350/mo
Avg. Cash Flow
$800/mo
Avg. Rent
3.2%
1Y Appreciation

Frequently Asked Questions

Investors can find affordable single-family homes and condos with competitive rental yields under $200k. These properties offer steady cash flow and potential appreciation in a growing market.

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