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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K 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
$ 139,000
ROI
23.1Cash Flow/m
130- 4 Bed
- 1 Bath
- 1152 sft
323 Bedford St, Alpena, MI, 49707
$ 149,500
ROI
23.8Cash Flow/m
169- 3 Bed
- 1 Bath
- 960 sft
1125 Sheridan Dr, Alpena, MI, 49707
$ 194,900
ROI
27.9Cash Flow/m
443- 3 Bed
- 1 Bath
- 1264 sft
433 W Lincoln 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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