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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family 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 single-family homes in Alpena, MI offers stable rental income with an average cap rate of 7.5%. This area boasts a rental yield of 8%, supported by a renter-occupied rate of 38%. Appreciation rates in Alpena have remained steady at 2% annually, making it an attractive market for conservative investors. Average cash flow is approximately $250 per month, driven by an average rent of $900. Alpena’s single-family market benefits from consistent demand and moderate price growth.
7.2%
Avg. ROI
8%
Rental Yield
7.5%
Cap Rate
$250/mo
Avg. Cash Flow
$900/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Alpena is approximately 8%, reflecting strong rental demand and stable market conditions.
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