Real Estate Investment Properties for Sale in Alger, MI

Looking for investment property in Alger, MI with high ROI ?

Explore a variety of short-term homes & houses in Alger, MI. Invest wisely with VRBO & Alger, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Alger, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6396 Otter Trail Alger, MI Donât miss out on this beautiful waterfront home on Forest Lake! The home features a tho...	3 beds \| 2 baths \| 1,646 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.29% Airbnb Rental Income: $null Traditional Rental Income: $2703 Airbnb ROI: N/A Traditional ROI: 9.29%
1724 Middle Point Alger, MI WELCOME TO SECORD LAKE. Presenting an outstanding canal-front property on the Tittabawasse...	2 beds \| 3 baths \| 1,575 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.94% Airbnb Rental Income: $null Traditional Rental Income: $2156 Airbnb ROI: N/A Traditional ROI: 3.94%
2528 Gardner Alger, MI Waterfront home with several outbuildings perched above the Tittabawassee River - boatable...	2 beds \| 1 baths \| 1,419 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.47% Airbnb Rental Income: $null Traditional Rental Income: $2167 Airbnb ROI: N/A Traditional ROI: 8.47%
6002 Wildwood Alger, MI WHERE WILD GAME ROAMS AND LEGENDS ARE MADE This is the Northern Michigan hunting property...	3 beds \| 1 baths \| 820 sq.ft.	$356,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $1759 Airbnb ROI: N/A Traditional ROI: 3.81%
5347 Oak Drive Alger, MI Charming, well maintained, and move-in ready 2-bedroom, 1-bath home on a large lot plus tw...	2 beds \| 1 baths \| 1,064 sq.ft.	$136,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.35% Airbnb Rental Income: $null Traditional Rental Income: $1528 Airbnb ROI: N/A Traditional ROI: 9.35%
1520 Northwoods Drive Alger, MI Move-in-ready 2-bedroom, 1-bath ranch situated on two combined lots in a peaceful country ...	2 beds \| 1 baths \| 960 sq.ft.	$114,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.56% Airbnb Rental Income: $null Traditional Rental Income: $1511 Airbnb ROI: N/A Traditional ROI: 10.56%
2115 Drummond Rd Alger, MI PRICE IMPROVEMENT & $5,000 FLOORING ALLOWANCE TO BUYER! Originally built as a cozy cabin a...	3 beds \| 3 baths \| 1,416 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $2497 Airbnb ROI: N/A Traditional ROI: 6.43%
4527 River Lane St Alger, MI Enjoy waterfront living at its finest in this charming 3-bedroom, 2 full bath home, perfec...	3 beds \| 2 baths \| 1,040 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2115 Airbnb ROI: N/A Traditional ROI: 6.78%

Real Estate investment in Alger, MI

There are 16 properties for sale in the city of Alger . The median list price in Alger is $199,000 and the average price per square foot is $163. In April 2026, the average monthly cash on cash return in Alger is 9.00%. The average monthly rental income in Alger is $2,115.

Alger, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 16 investment properties available for sale in Alger.

In 2026, the best neighborhood to buy investment property is Alger.

The ROI for Short-Term is higher than the Long-Term in Alger with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Alger, MI

6396 Otter Trail

Alger, MI

3 beds | 2 baths | 1,646 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.29%

Airbnb Rental Income: $null

Traditional Rental Income: $2703

Airbnb ROI: N/A

Traditional ROI: 9.29%

1724 Middle Point

Alger, MI

2 beds | 3 baths | 1,575 sq.ft.

$339,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.94%

Airbnb Rental Income: $null

Traditional Rental Income: $2156

Airbnb ROI: N/A

Traditional ROI: 3.94%

2528 Gardner

Alger, MI

2 beds | 1 baths | 1,419 sq.ft.

$199,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.47%

Airbnb Rental Income: $null

Traditional Rental Income: $2167

Airbnb ROI: N/A

Traditional ROI: 8.47%

6002 Wildwood

Alger, MI

3 beds | 1 baths | 820 sq.ft.

$356,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.81%

Airbnb Rental Income: $null

Traditional Rental Income: $1759

Airbnb ROI: N/A

Traditional ROI: 3.81%

5347 Oak Drive

Alger, MI

2 beds | 1 baths | 1,064 sq.ft.

$136,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.35%

Airbnb Rental Income: $null

Traditional Rental Income: $1528

Airbnb ROI: N/A

Traditional ROI: 9.35%

1520 Northwoods Drive

Alger, MI

2 beds | 1 baths | 960 sq.ft.

$114,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.56%

Airbnb Rental Income: $null

Traditional Rental Income: $1511

Airbnb ROI: N/A

Traditional ROI: 10.56%

2115 Drummond Rd

Alger, MI

3 beds | 3 baths | 1,416 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.43%

Airbnb Rental Income: $null

Traditional Rental Income: $2497

Airbnb ROI: N/A

Traditional ROI: 6.43%

4527 River Lane St

Alger, MI

3 beds | 2 baths | 1,040 sq.ft.

$229,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.78%

Airbnb Rental Income: $null

Traditional Rental Income: $2115

Airbnb ROI: N/A