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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 today
$ 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
Listed for sale 6 days ago
$ 319,900
ROI
22.0Cash Flow/m
202- 3 Bed
- 2 Bath
- 1825 sft
6896 S Forest Lake Dr, 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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