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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 4 days ago
$ 172,000
ROI
23.2
Cash Flow/m
167- 3 Bed
- 2 Bath
- 2022 sft
1105 S 1st Ave, Alpena, MI, 49707
Listed for sale 5 days ago
$ 159,500
ROI
24.7Cash Flow/m
221- 2 Bed
- 1 Bath
- 1172 sft
194 N Oliver St, Alpena, MI, 49707
Fix & Flip
Listed for sale 5 days ago
$ 145,000
ROI
24.4Cash Flow/m
186- 2 Bed
- 2 Bath
- 1396 sft
408 S 6th Ave, Alpena, MI, 49707
Listed for sale 5 days ago
$ 179,500
ROI
24.0Cash Flow/m
212- 3 Bed
- 1 Bath
- 1862 sft
1060 Pine Rd, 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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