Investment Properties Under $300K in Alger, MI | Ziffy.ai
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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

Property at 2823 River Ridge Rd, Alger, MI
Listed for sale 4 days ago
$ 120,000
ROI
31.2ROI percentage
Cash Flow/m
Dollar sign381
  • 2 Bed
  • 1 Bath
  • - sft
2823 River Ridge Rd, Alger, MI, 48610
Property at 6256 Blackberry Dr, Alger, MI
$ 195,000
ROI
26.9ROI percentage
Cash Flow/m
Dollar sign389
  • 3 Bed
  • 2 Bath
  • 1456 sft
6256 Blackberry Dr, Alger, MI, 48610
Property at 1520 Northwoods Dr, Alger, MI
Airbnb Potential
$ 114,900
ROI
24.1ROI percentage
Cash Flow/m
Dollar sign139
  • 2 Bed
  • 1 Bath
  • 960 sft
1520 Northwoods Dr, Alger, MI, 48610
Property at 2830 River Ridge Rd, Alger, MI
$ 139,000
ROI
23.7ROI percentage
Cash Flow/m
Dollar sign153
  • 3 Bed
  • 1 Bath
  • 1170 sft
2830 River Ridge 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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