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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 3 days ago
$ 119,000
ROI
24.8
Cash Flow/m
165- 5 Bed
- 2 Bath
- 1788 sft
309 E Ludington St, Iron Mountain, MI, 49801
Fix & Flip
Listed for sale 4 days ago
$ 135,000
ROI
24.6Cash Flow/m
182- 2 Bed
- 2 Bath
- 1073 sft
1508 W A St, Iron Mountain, MI, 49801
Fix & Flip
$ 102,900
ROI
24.1Cash Flow/m
124- 2 Bed
- 1 Bath
- 910 sft
100 W Main St, Iron Mountain, MI, 49801
$ 249,900
ROI
29.6Cash Flow/m
684- 3 Bed
- 2 Bath
- 1713 sft
N3081 Quinnesec Lake Antoine Rd, 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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