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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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?
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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