Under $300K Investment Properties for Sale in Alger, MI
Airbnb Potential
$ 225,000
ROI
27.9
Cash Flow/m
507- 3 Bed
- 2 Bath
- 1456 sft
636 Wilderness Dr, Alger, MI, 48610
Motivated Seller
$ 199,999
ROI
28.2Cash Flow/m
468- 3 Bed
- 2 Bath
- 1240 sft
6332 Bobcat Trl, Alger, MI, 48610
Airbnb Potential
$ 180,000
ROI
20.4Cash Flow/m
31- 2 Bed
- 1 Bath
- 988 sft
1536 Possum Track Rd, Alger, MI, 48610
Airbnb Potential
$ 125,000
ROI
29.7Cash Flow/m
344- 2 Bed
- 1 Bath
- 592 sft
5172 S M 33, 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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