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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 today
$ 349,900
ROI
21.0
Cash Flow/m
119- 4 Bed
- 2 Bath
- 3108 sft
215 Fair Ave, Alpena, MI, 49707
Listed for sale 1 day ago
$ 559,000
ROI
21.1Cash Flow/m
156- 4 Bed
- 4 Bath
- 3648 sft
5065 Misery Bay Rd, Alpena, MI, 49707
Listed for sale 1 day ago
$ 387,840
ROI
23.9Cash Flow/m
445- 3 Bed
- 2 Bath
- 2800 sft
17182 Long Lake Hwy, Alpena, MI, 49707
Listed for sale 1 day ago
$ 172,000
ROI
24.9Cash Flow/m
245- 3 Bed
- - Bath
- 1250 sft
111 W Bingham 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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