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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 2 days ago
$ 169,900
ROI
26.5
Cash Flow/m
320- 3 Bed
- 2 Bath
- 1260 sft
3386 State Highway 2, Iron River, MI, 49935
$ 159,900
ROI
30.8Cash Flow/m
491- 3 Bed
- 2 Bath
- 1452 sft
221 W Division St, Iron river, MI, 49935
Listed for sale 3 days ago
$ 169,900
ROI
23.8Cash Flow/m
192- 3 Bed
- 2 Bath
- 1260 sft
3386 Us Highway 2, Iron River, MI, 49935
Listed for sale 7 days ago
$ 109,000
ROI
23.6Cash Flow/m
115- 2 Bed
- 1 Bath
- 823 sft
140 Caspian Cutoff Rd, 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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