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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Alma, MI
Listed for sale 4 days ago
$ 149,900
ROI
23.4
Cash Flow/m
153- 3 Bed
- 2 Bath
- 1300 sft
707 N Republic Ave, Alma, MI, 48801
$ 139,043
ROI
24.0Cash Flow/m
165- 2 Bed
- 2 Bath
- 1134 sft
417 Washington Ave, Alma, MI, 48801
$ 139,900
ROI
23.3Cash Flow/m
139- 3 Bed
- 1 Bath
- 1152 sft
136 W Elizabeth St, Alma, MI, 48801
$ 170,000
ROI
24.1Cash Flow/m
205- 3 Bed
- 2 Bath
- 1724 sft
513 Walnut St, Alma, MI, 48801
Why Invest in Alma, Michigan?
Investing in Alma, MI properties under $200k offers affordable entry into Michigan's real estate market. This city has a stable rental yield around 7%, with an average cash flow that suits both novice and seasoned investors. The cap rate is attractive at approximately 6.5%, and annual appreciation rates hover near 3%, making it a solid choice for income-focused portfolios. With a renter-occupied rate near 40%, Alma presents steady demand for rental units in this price bracket.
7.5%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$600/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Alma generally yield an average ROI of around 7.5%, with cap rates near 6.5%. These metrics suggest solid returns for rental income-focused investors.
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