Under $100K Investment Properties for Sale in Alpena, MI
119- 1 Bed
- 1 Bath
- 780 sft
128- 3 Bed
- 1 Bath
- 956 sft
124- 2 Bed
- 1 Bath
- 960 sft
92- 3 Bed
- 1 Bath
- 1172 sft
Why Invest in Alpena, Michigan?
Investing in Alpena, MI under $100k offers solid opportunities for value investors seeking affordable entry points. This market features an average ROI of 7.2% with rental yields currently around 8.5%. Cap rates remain attractive at approximately 6.7%, supporting steady cash flow. The average rent is about $750 per month, appealing to the high renter-occupied community of 55%. Appreciation growth is modest but consistent, making Alpena a promising market for conservative real estate investments.
Frequently Asked Questions
Most properties under $100k are single-family homes and small multi-family units. These are ideal for investors seeking affordable entry into the market with potential for steady rental income.
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