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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Iron Mountain, MI
Listed for sale 6 days ago
$ 189,900
ROI
22.2
Cash Flow/m
128- 1 Bed
- 1 Bath
- 852 sft
N3703 N Us Highway 2, Iron Mountain, MI, 49801
Listed for sale 7 days ago
$ 269,900
ROI
25.3Cash Flow/m
414- 4 Bed
- 2 Bath
- 1872 sft
715 E I St, Iron Mountain, MI, 49801
$ 124,900
ROI
23.1Cash Flow/m
117- 2 Bed
- 1 Bath
- 949 sft
1011 Stockbridge Ave, Iron Mountain, MI, 49801
$ 219,000
ROI
28.9Cash Flow/m
557- 3 Bed
- 2 Bath
- 1962 sft
601 E Margaret St, Iron Mountain, MI, 49801
Why Invest in Iron Mountain, Michigan?
Investing in Iron Mountain, MI offers unique opportunities in a stable small city market. The area features average rental yields around 7%, cap rates near 6.5%, and steady appreciation rates of 2-3% annually. Investors benefit from consistent cash flow with average rents around $850 monthly and a renter occupancy rate close to 55%. This Midwest locale's economic base supports reliable growth for residential investments.
8%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The typical rental yield in Iron Mountain is around 7%, making it an attractive market for income-focused real estate investors.
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