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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
Listed for sale 2 days ago
$ 199,000
ROI
22.0
Cash Flow/m
124- 2 Bed
- 1 Bath
- 1419 sft
2528 Gardner St, Alger, MI, 48610
Listed for sale 7 days ago
$ 279,900
ROI
22.2Cash Flow/m
188- 3 Bed
- 2 Bath
- 1685 sft
1522 Kingfisher Cir, Alger, MI, 48610
$ 259,900
ROI
25.4Cash Flow/m
409- 3 Bed
- 2 Bath
- 1646 sft
6396 Otter Trail Rd, Alger, MI, 48610
$ 159,000
ROI
27.4Cash Flow/m
339- 3 Bed
- 2 Bath
- 1408 sft
6213 Hillside Dr, 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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