Single Family 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 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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