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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 3 days ago
$ 199,900
ROI
24.0
Cash Flow/m
235- 3 Bed
- 2 Bath
- 1272 sft
207 Sunset Blvd, Alpena, MI, 49707
Listed for sale 4 days ago
$ 119,000
ROI
23.7Cash Flow/m
131- 4 Bed
- 1 Bath
- 2114 sft
411 Commercial St, Alpena, MI, 49707
Listed for sale 5 days ago
$ 159,900
ROI
23.7Cash Flow/m
175- 3 Bed
- 2 Bath
- 2520 sft
219 S 7th Ave, Alpena, MI, 49707
Listed for sale 6 days ago
$ 175,000
ROI
23.2Cash Flow/m
166- 3 Bed
- 1 Bath
- 2352 sft
1220 W Washington Ave, 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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