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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Alger, MI
Airbnb Potential
Listed for sale 2 days ago
$ 259,900
ROI
24.1
Cash Flow/m
312- 3 Bed
- 2 Bath
- 1240 sft
6332 Bobcat Trl, Alger, MI, 48610
Listed for sale 2 days ago
$ 299,900
ROI
28.3Cash Flow/m
716- 2 Bed
- 3 Bath
- 2625 sft
1724 Middle Point Dr, Alger, MI, 48610
$ 179,900
ROI
21.2Cash Flow/m
74- - Bed
- - Bath
- - sft
6450 Otter Trl, Alger, MI, 48610
$ 100,000
ROI
23.1Cash Flow/m
94- 3 Bed
- 1 Bath
- 1010 sft
364 W Greenwood Rd, Alger, MI, 48610
Why Invest in Alger, Michigan?
Investing in Alger, MI properties under $300k offers an affordable entry point in a stable real estate market. This filter highlights opportunities with solid rental yields averaging around 7% and a cap rate near 6%. Average cash flow remains positive due to reasonable rent prices, currently about $850 per month. Appreciation trends in Alger show modest growth, making this an attractive choice for risk-aware investors targeting Michigan's local markets.
7.2%
Avg. ROI
6.9%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
Properties under $300k in Alger typically include single-family homes and small multi-family units. These are ideal for investors seeking affordable rental properties with moderate cash flow potential.
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