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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Alger, MI
Listed for sale 6 days ago
$ 125,000
ROI
30.6
Cash Flow/m
376- 2 Bed
- 1 Bath
- 864 sft
1501 Michael Dr, Alger, MI, 48610
Listed for sale 7 days ago
$ 319,900
ROI
22.0Cash Flow/m
202- 3 Bed
- 2 Bath
- 1825 sft
6896 S Forest Lake Dr, Alger, MI, 48610
Airbnb Potential
Rental Income
$ 145,900
ROI
29.4Cash Flow/m
393- 2 Bed
- 1 Bath
- 872 sft
2322 Tittabawassee St, Alger, MI, 48610
$ 147,500
ROI
23.4Cash Flow/m
148- 3 Bed
- 2 Bath
- - sft
1694 Possum Track Rd, Alger, MI, 48610
Why Invest in Alger, Michigan?
Investing in single-family homes in Alger, MI offers stable rental income driven by consistent rental demand and moderate cap rates. With an average ROI aligning well within Michigan's market, investors benefit from steady appreciation and reliable cash flow. Rental yields here are competitive, supported by a renter-occupied rate that reflects a healthy rental market. This market suits those looking for value in smaller communities with solid employment anchors and growth potential.
7.2%
Avg. ROI
8.5%
Rental Yield
6.5%
Cap Rate
$650/mo
Avg. Cash Flow
$800/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Alger, MI is around 8.5%, making it a solid option for income-focused investors.
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