Under $500K 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 residential properties under $500k in Alger, MI offers a unique opportunity to tap into a stable market with solid rental yields. The region’s average rental yield is around 7%, supported by steady appreciation and a growing renter-occupied population. Cash flow remains attractive with average monthly rents near $900, while cap rates hover around 6.5%. These metrics make Alger compelling for investors seeking balanced risk and return in Michigan's lower-priced real estate segment.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Under $500k in Alger, you can find single-family homes, small multifamily units, and some townhouses, suitable for rental investment or owner-occupied purchases.
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