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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Ironwood, MI
$ 115,000
ROI
20.4
Cash Flow/m
22- 2 Bed
- 1 Bath
- 840 sft
5251 E Sunset Rd, Ironwood, MI, 49938
$ 229,000
ROI
21.9Cash Flow/m
135- 2 Bed
- 3 Bath
- 1853 sft
917 N Hemlock St, Ironwood, MI, 49938
$ 135,000
ROI
24.0Cash Flow/m
160- 4 Bed
- 2 Bath
- 1456 sft
203 W Francis St, Ironwood, MI, 49938
$ 148,900
ROI
29.9Cash Flow/m
420- 2 Bed
- 1 Bath
- 917 sft
229 Evans St, Ironwood, MI, 49938
Why Invest in Ironwood, Michigan?
Ironwood, MI, offers promising high rental yield opportunities for investors focusing on stable cash flow properties. The local market benefits from an average rental yield of 8.5%, supported by affordable housing and consistent tenant demand. With a cap rate around 7.8%, average ROI sits near 9.2%, making it attractive for long-term appreciation and steady cash flow. The renter-occupied rate is strong at 65%, amplifying income reliability in this northern Michigan city.
9.2%
Avg. ROI
8.5%
Rental Yield
7.8%
Cap Rate
$850/mo
Avg. Cash Flow
$700/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Ironwood is approximately 8.5%, reflecting strong rental demand and affordable property prices.
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