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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Algonac, MI
Listed for sale 1 day ago
$ 269,900
ROI
26.1
Cash Flow/m
480- 3 Bed
- 2 Bath
- 1407 sft
2435 Fruit St, Algonac, MI, 48001
Listed for sale 3 days ago
$ 230,000
ROI
21.3Cash Flow/m
97- 3 Bed
- 2 Bath
- 1260 sft
623 Columbia St, Algonac, MI, 48001
Listed for sale 3 days ago
$ 400,000
ROI
20.0Cash Flow/m
31- 3 Bed
- 2 Bath
- 1866 sft
600 Cherry St, Algonac, MI, 48001
Airbnb Potential
Listed for sale 3 days ago
$ 364,900
ROI
28.8Cash Flow/m
921- 3 Bed
- 3 Bath
- 1595 sft
2037 W Park Dr, Algonac, MI, 48001
Why Invest in Algonac, Michigan?
Investing in Algonac, MI offers promising opportunities, especially for those interested in residential properties. The average ROI in Algonac is attractive, supported by a rental yield of approximately 7% and a cap rate near 6%. With an average cash flow of $850 monthly and steady appreciation rates around 3%, Algonac provides a balanced real estate market for investors. The renter-occupied rate is around 45%, indicating stable demand from tenants, making it a viable location for real estate investment.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Algonac is approximately 7%, making it an attractive location for rental property investors.
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