Investment Properties for Sale in Alpena, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Investment Properties for Sale in Alpena, MI

Property at 4829 Haken Rd, Alpena, MI
Listed for sale 4 days ago
$ 394,999
ROI
30.0ROI percentage
Cash Flow/m
Dollar sign1127
  • 3 Bed
  • 3 Bath
  • 3200 sft
4829 Haken Rd, Alpena, MI, 49707
Property at 1105 S 1st Ave, Alpena, MI
Listed for sale 4 days ago
$ 172,000
ROI
23.2ROI percentage
Cash Flow/m
Dollar sign167
  • 3 Bed
  • 2 Bath
  • 2022 sft
1105 S 1st Ave, Alpena, MI, 49707
Property at 194 N Oliver St, Alpena, MI
Listed for sale 5 days ago
$ 159,500
ROI
24.7ROI percentage
Cash Flow/m
Dollar sign221
  • 2 Bed
  • 1 Bath
  • 1172 sft
194 N Oliver St, Alpena, MI, 49707
Property at 408 S 6th Ave, Alpena, MI
Fix & Flip
Listed for sale 5 days ago
$ 145,000
ROI
24.4ROI percentage
Cash Flow/m
Dollar sign186
  • 2 Bed
  • 2 Bath
  • 1396 sft
408 S 6th Ave, Alpena, MI, 49707

Why Invest in Alpena, Michigan?

Investing in Alpena, MI real estate offers promising opportunities with steady rental yields and strong appreciation. This city benefits from an average ROI of 7%, a cap rate around 6%, and a cash flow that supports long-term wealth creation. The rental market is bolstered by a renter-occupied rate exceeding 45%, making it a viable location for multifamily and rental investments. Alpena's stable average rent and growing local economy enhance its attractiveness for investors seeking balanced risk and reward.

7%
Avg. ROI
6%
Rental Yield
6%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental yield in Alpena is about 6%, reflecting a stable rental market for investment properties.

Find Your Perfect Investment Property in Alpena, Michigan

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