Single Family Investment Properties for Sale in Alpena, MI

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.