High Rental Yield Investment Properties for Sale in Ironwood, MI
Listed for sale 7 days ago
$ 149,000
ROI
22.3
Cash Flow/m
107- 2 Bed
- 1 Bath
- 942 sft
420 N Hemlock St, Ironwood, MI, 49938
$ 139,900
ROI
31.2Cash Flow/m
444- 3 Bed
- 2 Bath
- 1282 sft
707 Van Buskirk Rd, Ironwood, MI, 49938
$ 279,000
ROI
25.1Cash Flow/m
415- 2 Bed
- 1 Bath
- 1280 sft
501 Southrange Rd, Ironwood, MI, 49938
$ 149,900
ROI
22.5Cash Flow/m
115- 3 Bed
- 2 Bath
- 1360 sft
612 Kennedy 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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