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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Alger, MI
Listed for sale 4 days ago
$ 120,000
ROI
31.2
Cash Flow/m
381- 2 Bed
- 1 Bath
- - sft
2823 River Ridge Rd, Alger, MI, 48610
$ 195,000
ROI
26.9Cash Flow/m
389- 3 Bed
- 2 Bath
- 1456 sft
6256 Blackberry Dr, Alger, MI, 48610
Airbnb Potential
$ 114,900
ROI
24.1Cash Flow/m
139- 2 Bed
- 1 Bath
- 960 sft
1520 Northwoods Dr, Alger, MI, 48610
$ 139,000
ROI
23.7Cash Flow/m
153- 3 Bed
- 1 Bath
- 1170 sft
2830 River Ridge Rd, 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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