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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Trout Lake, MI
Listed for sale 5 days ago
$ 239,000
ROI
26.0
Cash Flow/m
417- 2 Bed
- 1 Bath
- 1100 sft
23990 S M 123, Trout Lake, MI, 49793
$ 105,000
ROI
24.2Cash Flow/m
129- 1 Bed
- 1 Bath
- 400 sft
31882 W State St, Trout Lake, MI, 49793
$ 139,000
ROI
48.5Cash Flow/m
1113- 3 Bed
- 1 Bath
- 1280 sft
31378 W Main St, Trout Lake, MI, 49793
$ 150,000
ROI
24.3Cash Flow/m
191- 3 Bed
- 2 Bath
- 1420 sft
21267 S M 123, Trout Lake, MI, 49793
Why Invest in Trout Lake, Michigan?
Investing in Trout Lake, MI properties under $300k is a great opportunity due to the town's steady rental yield and moderate cap rates. The area's average ROI of 7.2% and rental yield of 6.5% make it attractive for investors looking for affordable entry points. With an average rent of $950 and positive appreciation trends, rental properties here offer consistent cash flow. A renter occupancy rate near 65% reflects healthy demand in the local rental market.
7.2%
Avg. ROI
6.5%
Rental Yield
5.1%
Cap Rate
$180/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.3%
1Y Appreciation
Frequently Asked Questions
Most properties under $300k in Trout Lake include single-family homes and some small multi-family units. These affordable options appeal to first-time investors and those seeking steady rental income.
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