Alpena Investment Analysis

Investment Property in Alpena, MI

Alpena, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 219,900

Median

2,051

Avg/Sq.ft.
CASH ON CASH RETURN

5.00%

Traditional

7.00%

Airbnb
NUMBER OF PROPERTIES

37

Investment

58

Airbnb

N/A

Traditional

59%

Airbnb occupancy rate

Alpena, MI Properties Rental Prices

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Investment Properties for Sale in Alpena, MI

Investment Properties for Sale
$219,850
MLS 201824219
Alpena
Single Family Residential
3 beds 2 baths 1,864 sq.ft.
CAP RATE Trad. 6.90% Airbnb 9.13%
Investment Properties for Sale
$195,000
MLS 201826225
Alpena
Single Family Residential
3 beds 1 baths 3,116 sq.ft.
CAP RATE Trad. 3.36% Airbnb 8.82%
Investment Properties for Sale
$219,900
MLS 201825020
Alpena
Single Family Residential
3 beds 4 baths 2,770 sq.ft.
CAP RATE Trad. 11.73% Airbnb 8.38%
Investment Properties for Sale
$219,900
MLS 201825711
Alpena
Single Family Residential
3 beds 2 baths 1,216 sq.ft.
CAP RATE Trad. 5.34% Airbnb 8.05%
Investment Properties for Sale
$315,000
MLS 201825946
Alpena
Single Family Residential
3 beds 2 baths 2,016 sq.ft.
CAP RATE Trad. 4.00% Airbnb 5.52%
Investment Properties for Sale
$489,900
MLS 201825857
Alpena
Single Family Residential
4 beds 2 baths 1,120 sq.ft.
CAP RATE Trad. 2.51% Airbnb 5.37%
Investment Properties for Sale
$299,000
MLS 201825909
Alpena
Single Family Residential
3 beds 3 baths 3,220 sq.ft.
CAP RATE Trad. 5.36% Airbnb 5.28%
Investment Properties for Sale
$249,000
MLS 201823001
Alpena
Single Family Residential
2 beds 1 baths 988 sq.ft.
CAP RATE Trad. 4.28% Airbnb 5.24%

Single Family Houses for Sale in Alpena, MI

Investment Properties for Sale
$219,850
MLS 201824219
Alpena
Single Family Residential
3 beds 2 baths 1,864 sq.ft.
CAP RATE Trad. 6.90% Airbnb 9.13%
Investment Properties for Sale
$195,000
MLS 201826225
Alpena
Single Family Residential
3 beds 1 baths 3,116 sq.ft.
CAP RATE Trad. 3.36% Airbnb 8.82%
Investment Properties for Sale
$219,900
MLS 201825020
Alpena
Single Family Residential
3 beds 4 baths 2,770 sq.ft.
CAP RATE Trad. 11.73% Airbnb 8.38%
Investment Properties for Sale
$219,900
MLS 201825711
Alpena
Single Family Residential
3 beds 2 baths 1,216 sq.ft.
CAP RATE Trad. 5.34% Airbnb 8.05%
Investment Properties for Sale
$315,000
MLS 201825946
Alpena
Single Family Residential
3 beds 2 baths 2,016 sq.ft.
CAP RATE Trad. 4.00% Airbnb 5.52%
Investment Properties for Sale
$489,900
MLS 201825857
Alpena
Single Family Residential
4 beds 2 baths 1,120 sq.ft.
CAP RATE Trad. 2.51% Airbnb 5.37%
Investment Properties for Sale
$299,000
MLS 201825909
Alpena
Single Family Residential
3 beds 3 baths 3,220 sq.ft.
CAP RATE Trad. 5.36% Airbnb 5.28%
Investment Properties for Sale
$249,000
MLS 201823001
Alpena
Single Family Residential
2 beds 1 baths 988 sq.ft.
CAP RATE Trad. 4.28% Airbnb 5.24%

Top Alpena, MI Neighborhoods - Real Estate Market Analysis

Alpena
PROPERTY PRICE

$169,900

Median for city
CAP RATE

4.82%

Traditional

7.64%

Airbnb
RENTAL INCOME

$ 562

Traditional

$ 2,201

Airbnb

49%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Alpena, MI

Piccola Italia
$140 per night Airbnb occupancy rate 74%
House 4 · 2 · 7
Rental Income: $3,164 per month
5
178
Family/Pet Friendly UP North Getaway Lake Adjacent
$129 per night Airbnb occupancy rate 72%
House 3 · 1 · 8
Rental Income: $2,817 per month
5
147
Sunrise Side Bay View Home
$121 per night Airbnb occupancy rate 68%
House 3 · 1 · 5
Rental Income: $2,491 per month
5
140
Modern cabin on the Thunder bay river
$146 per night Airbnb occupancy rate 73%
Cabin 2 · 1 · 6
Rental Income: $3,270 per month
5
129
English Tudor
$127 per night Airbnb occupancy rate 71%
House 4 · 2 · 8
Rental Income: $2,769 per month
5
126
Scudder's Up North
$144 per night Airbnb occupancy rate 73%
House 3 · 1 · 7
Rental Income: $3,226 per month
5
112
Long Lake Cottage
$137 per night Airbnb occupancy rate 76%
Cottage 2 · 1 · 6
Rental Income: $3,192 per month
5
106
Location, View, Hot Tub, Shop, Restaurants , Beach
$288 per night Airbnb occupancy rate 70%
House 4 · 2 · 10
Rental Income: $6,192 per month
5
105

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Walled Lake $374,950 4% 4% $2,386 $3,126 12 72%
Wixom $459,900 4% 4% $2,712 $3,532 13 72%
Rockwood $287,000 5% 10% $1,891 $4,536 10 72%
Holt $254,900 5% 5% $1,834 $2,523 16 68%
Wyandotte $175,500 4% 5% $1,311 $1,831 34 68%
Lincoln Park $147,500 7% 8% $1,492 $2,001 57 65%
Carleton $479,000 2% 2% $1,814 $2,272 11 65%
Canton $394,950 4% 5% $2,391 $3,529 108 65%
Milford $562,450 3% 6% $2,718 $4,800 40 64%
Garden City $197,400 5% 6% $1,533 $2,240 34 63%
Highland $454,950 3% 8% $2,389 $4,800 30 62%
Redford $165,000 6% 10% $1,430 $2,664 104 61%
Trenton $199,900 6% 8% $1,733 $3,321 27 60%
White Lake $412,450 5% 6% $2,526 $3,252 52 59%
Lake Orion $399,900 4% 7% $2,518 $4,230 44 58%
Traverse City $449,700 3% 6% $2,469 $5,186 322 56%
Belmont $410,000 4% 2% $2,390 $2,429 13 54%
Clinton Township $265,000 4% 4% $1,843 $2,695 115 51%
Mount Clemens $170,000 5% 7% $1,430 $2,577 25 50%
Grosse Ile $424,500 3% 8% $2,308 $2,645 14 49%
View all michigan cities

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