Investment Properties for Sale in Ishpeming, MI
Listed for sale 2 days ago
$ 185,000
ROI
24.5
Cash Flow/m
242- 3 Bed
- 2 Bath
- 1179 sft
348 Marquette St, Ishpeming, MI, 49849
Listed for sale 7 days ago
$ 329,900
ROI
24.6Cash Flow/m
449- 3 Bed
- 3 Bath
- 2446 sft
1818 Prairie Ave, Ishpeming, MI, 49849
Fix & Flip
$ 139,900
ROI
24.9Cash Flow/m
199- 3 Bed
- 2 Bath
- 1516 sft
315 W Barnum St, Ishpeming, MI, 49849
$ 149,900
ROI
24.2Cash Flow/m
185- 2 Bed
- 1 Bath
- 1034 sft
310 Excelsior 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.
Find Your Perfect Investment Property in Ishpeming, Michigan
Explore investment opportunities by strategy, performance, or property type
