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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Alger, MI
Listed for sale today
$ 140,000
ROI
23.9
Cash Flow/m
160- 2 Bed
- 2 Bath
- 1036 sft
2882 School Rd, Alger, MI, 48610
Listed for sale 2 days ago
$ 170,000
ROI
21.4Cash Flow/m
79- 3 Bed
- 2 Bath
- 1216 sft
1850 E M 30, Alger, MI, 48610
Listed for sale 5 days ago
$ 125,000
ROI
30.6Cash Flow/m
376- 2 Bed
- 1 Bath
- 864 sft
1501 Michael Dr, Alger, MI, 48610
Listed for sale 6 days ago
$ 319,900
ROI
22.0Cash Flow/m
202- 3 Bed
- 2 Bath
- 1825 sft
6896 S Forest Lake Dr, Alger, MI, 48610
Why Invest in Alger, Michigan?
Investing in Alger, MI offers a unique opportunity to capitalize on the growing rental market and stable appreciation rates. The area shows an average ROI of 7%, with rental yields around 6% supporting steady cash flow. Appreciation rates remain moderate at 3%, aligned with Michigan's economic development. Alger's renter-occupied properties account for nearly 55%, demonstrating a solid tenant base for investors. This makes it an attractive location for diversified real estate investments.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$900/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Alger, MI is approximately 6%, providing stable returns for investors.
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