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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Homer, AK

$ 115,000
ROI
25.5
Cash Flow/m
183- 1 Bed
- - Bath
- 384 sft
0 Caribou Lk SW, Homer, AK, 99603

$ 180,000
ROI
30.2
Cash Flow/m
523- 2 Bed
- - Bath
- 681 sft
62091 Crossman Ridge Rd, Homer, AK, 99603
$ 102,600
ROI
53.5
Cash Flow/m
964- - Bed
- - Bath
- 480 sft
54490 Rolling Meadows Rd, Homer, AK, 99603

$ 160,500
ROI
40.3
Cash Flow/m
916- 1 Bed
- 1 Bath
- 900 sft
55505 Prevet Ct, Homer, AK, 99603
Why Invest in Homer, Alaska?
Homer, AK offers unique investment opportunities in properties under $200k, particularly land parcels ideal for development or rental cabins. Stable tourism drives demand for short-term rentals with solid cash flow potential. Renter-occupied units hover around 35%, supported by seasonal workforce needs. Annual appreciation of 3-4% reflects limited supply in this coastal gem. Cap rates average 7-8% for budget-friendly buys, appealing to value investors.
8.5%
Avg. ROI
7.2%
Rental Yield
7.8%
Cap Rate
$850/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Yes, listings show 40-80 homes and land parcels under $200k, mostly vacant lots suitable for building. These offer entry-level access to Homer's market. Focus on areas like Cozy Cove for value.
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