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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Ishpeming, MI
Fix & Flip
Listed for sale today
$ 139,900
ROI
24.2
Cash Flow/m
172- 3 Bed
- 1 Bath
- 1248 sft
207 S 2nd St, Ishpeming, MI, 49849
Listed for sale today
$ 149,900
ROI
23.1Cash Flow/m
140- 3 Bed
- 1 Bath
- 1152 sft
2015 School St, Ishpeming, MI, 49849
Listed for sale 1 day ago
$ 175,000
ROI
24.3Cash Flow/m
223- 3 Bed
- 2 Bath
- 2384 sft
219 S Angeline St, Ishpeming, MI, 49849
Listed for sale 6 days ago
$ 144,900
ROI
23.4Cash Flow/m
146- 3 Bed
- 1 Bath
- 1484 sft
749 Michigan St, Ishpeming, MI, 49849
Why Invest in Ishpeming, Michigan?
Investing in Ishpeming, MI offers unique opportunities in a small city with stable rental demand. This area shows an average ROI around 6%, a cap rate near 8%, and consistent rental yields close to 7%. The local market benefits from steady appreciation rates near 2.5% annually and an average monthly rent around $800. Rental occupancy remains robust, with renter-occupied units comprising about 45% of the housing stock.
6%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$350/mo
Avg. Cash Flow
$800/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Ishpeming is approximately 7%, reflecting a stable rental market with consistent demand.
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