High Rental Yield Investment Properties for Sale in Alpena, MI
Listed for sale 3 days ago
$ 124,900
ROI
23.9
Cash Flow/m
144- 2 Bed
- 1 Bath
- 939 sft
2337 Werth Rd, Alpena, MI, 49707
Listed for sale 5 days ago
$ 104,900
ROI
24.7Cash Flow/m
145- 2 Bed
- 1 Bath
- 762 sft
1065 Pine Rd, Alpena, MI, 49707
Listed for sale 6 days ago
$ 195,500
ROI
24.0Cash Flow/m
231- 3 Bed
- 2 Bath
- 2356 sft
2737 S 3rd Ave, Alpena, MI, 49707
$ 109,900
ROI
23.6Cash Flow/m
118- 2 Bed
- 1 Bath
- 2730 sft
426 W Mirre St, Alpena, MI, 49707
Why Invest in Alpena, Michigan?
Investing in high rental yield properties in Alpena, MI, offers a unique opportunity for consistent cash flow and attractive cap rates. Alpena's affordable housing market combined with a rental yield of approximately 8% makes it ideal for investors seeking solid returns. The average ROI hovers around 7%, with steady appreciation and a growing renter-occupied population supporting demand. With average rents at about $800 and positive cash flow metrics, Alpena stands out in Michigan for rental property investment.
7%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Alpena is around 8%, which is above the state average and attractive for investors seeking high cash flow.
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