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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
Listed for sale 6 days ago
$ 315,000
ROI
21.4
Cash Flow/m
148- 3 Bed
- 3 Bath
- 4328 sft
405 S Suffolk St, Ironwood, MI, 49938
Rental Income
Listed for sale 7 days ago
$ 199,000
ROI
24.1Cash Flow/m
239- 7 Bed
- 4 Bath
- 2862 sft
400 Silver St, Ironwood, MI, 49938
$ 124,900
ROI
23.1Cash Flow/m
117- 2 Bed
- 1 Bath
- 950 sft
E5251 Sunset Rd, Ironwood, MI, 49938
$ 145,900
ROI
23.2Cash Flow/m
141- 4 Bed
- 2 Bath
- 1260 sft
606 N Lake 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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