Under $200K Investment Properties for Sale in Homer, AK
Fix & Flip
$ 199,000
3 bds | 1 ba | 1 sqft
ROI
31.1
Cash Flow/m
62838740 Mushroom St, Homer, AK, 99603
$ 115,000
1 bds | - ba | 384 sqft
ROI
26.2Cash Flow/m
2070 Caribou Lake Rd, Homer, AK, 99603
$ 130,000
- bds | - ba | 516 sqft
ROI
25.4Cash Flow/m
20564530 Shelton Ave W, Homer, AK, 99603
$ 115,000
1 bds | - ba | 384 sqft
ROI
25.0Cash Flow/m
1660 Caribou Lk SW, 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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