Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Alpena, MI
Listed for sale 2 days ago
$ 175,000
ROI
24.2
Cash Flow/m
217- 2 Bed
- 2 Bath
- 1104 sft
8420 Us Highway 23 N, Alpena, MI, 49707
Listed for sale 4 days ago
$ 283,500
ROI
20.3Cash Flow/m
38- 3 Bed
- 2 Bath
- 2432 sft
1090 Oakridge Dr, Alpena, MI, 49707
Listed for sale 4 days ago
$ 219,900
ROI
31.0Cash Flow/m
688- 3 Bed
- 3 Bath
- 2324 sft
415 Marywood Dr, Alpena, MI, 49707
$ 209,900
ROI
31.9Cash Flow/m
710- 3 Bed
- 2 Bath
- 1188 sft
734 Clinton 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.
Find Your Perfect Investment Property in Alpena, Michigan
Explore investment opportunities by strategy, performance, or property type
