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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Iron River, MI
Listed for sale 1 day ago
$ 129,900
ROI
29.5
Cash Flow/m
351- 1 Bed
- 1 Bath
- 840 sft
108 Highview Dr, Iron River, MI, 49935
$ 179,900
ROI
24.7Cash Flow/m
249- 4 Bed
- 2 Bath
- 1447 sft
725 W Ice Lake Rd, Iron River, MI, 49935
$ 119,900
ROI
26.6Cash Flow/m
229- - Bed
- - Bath
- 576 sft
436 Federal Frst #3920, Iron River, MI, 49935
$ 119,900
ROI
23.6Cash Flow/m
127- - Bed
- - Bath
- 576 sft
436 Forbes Rd #3920, Iron River, MI, 49935
Why Invest in Iron River, Michigan?
Investing in single-family homes in Iron River, MI offers a unique opportunity amid steady rental demand. This area shows an average cash flow of $450 per month, with solid rental yield around 7.5%. Appreciation rates have remained stable at about 3% annually, supported by consistent renter occupancy near 62%. Capitalization rates average 8%, indicating healthy returns compared to other regional markets. The local economic stability contributes to favorable investment conditions for single-family properties.
8%
Avg. ROI
7.5%
Rental Yield
8%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Iron River is approximately 7.5%, making it a potentially profitable investment area.
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