Under $200K 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 Alpena, MI under $200k offers affordable entry into a market with steady rental demand and opportunities for positive cash flow. The average ROI hovers around 6%, with rental yields close to 8%, driven by a community supported by healthcare and manufacturing sectors. Appreciation rates are moderate, reflecting Alpena's stable economic environment and well-supported infrastructure. Low vacancy rates and a high renter-occupied percentage make this an attractive option for prudent investors.
6%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$150/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties under $200k in Alpena is around 8%, making it an attractive market for income-focused investors.
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