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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Ishpeming, MI
$ 240,000
ROI
22.6
Cash Flow/m
193- 2 Bed
- 2 Bath
- 2028 sft
2009 Deer Lake Ave, Ishpeming, MI, 49849
$ 228,200
ROI
21.0Cash Flow/m
77- 4 Bed
- 1 Bath
- 1307 sft
125 Lawrence Ave, Ishpeming, MI, 49849
$ 168,000
ROI
23.1Cash Flow/m
158- 2 Bed
- 1 Bath
- 1260 sft
242 Hill St, Ishpeming, MI, 49849
$ 150,000
ROI
23.6Cash Flow/m
160- 4 Bed
- 2 Bath
- 1616 sft
408 E Empire 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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