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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 today
$ 184,900
ROI
24.9
Cash Flow/m
263- 3 Bed
- 1 Bath
- 1200 sft
2337 Emmet St, Alpena, MI, 49707
Listed for sale 1 day ago
$ 153,000
ROI
23.1Cash Flow/m
144- 3 Bed
- 1 Bath
- 1916 sft
303 McKinley Ave, Alpena, MI, 49707
Listed for sale 6 days ago
$ 179,900
ROI
31.1Cash Flow/m
567- 3 Bed
- 1 Bath
- 2370 sft
423 W Campbell St, Alpena, MI, 49707
Currently Rented
Rental Income
Listed for sale 6 days ago
$ 149,900
ROI
29.5Cash Flow/m
406- 2 Bed
- 1 Bath
- 889 sft
821 S 2nd 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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