Under $300K 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?
Investing in Ironwood, MI, properties under $300k offers a unique opportunity to tap into a growing market with solid average returns. The area boasts a steady rental yield of 7%, a healthy cap rate at around 8%, and an average cash flow of $1,200 monthly, making it attractive for income-focused investors. Appreciation rates hover near 3% annually, supported by stable renter occupancy at 65%. These metrics highlight Ironwood’s potential as a resilient real estate market for budget-conscious investors.
9%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$1200/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for properties priced under $300k in Ironwood is approximately 7%, making it a solid option for investors seeking steady rental income.
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