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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 1 day ago
$ 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
Airbnb Potential
Rental Income
$ 145,900
ROI
29.4Cash Flow/m
393- 2 Bed
- 1 Bath
- 872 sft
2322 Tittabawassee St, 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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