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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Fix And Flip Investment Properties for Sale in Ishpeming, MI
Fix & Flip
$ 109,900
ROI
24.5
Cash Flow/m
144- 2 Bed
- 2 Bath
- 1106 sft
930 N Westwood Dr, Ishpeming, MI, 49849
Currently Rented
Fix & Flip
Rental Income
$ 165,000
ROI
31.0Cash Flow/m
516- 6 Bed
- 3 Bath
- 2621 sft
635 N 5th St, Ishpeming, MI, 49849
Fix & Flip
$ 149,485
ROI
24.9Cash Flow/m
214- 3 Bed
- 2 Bath
- 2056 sft
26305 County Road 581 Rd, Ishpeming, MI, 49849
Fix & Flip
$ 125,000
ROI
23.6Cash Flow/m
134- 4 Bed
- 2 Bath
- 2265 sft
746 Maurice St, Ishpeming, MI, 49849
Why Invest in Ishpeming, Michigan?
Investing in fix and flip properties in Ishpeming, MI offers a promising opportunity due to the city's stable housing market and affordable prices. The average cap rate of 7.2% combined with a rental yield around 6.5% makes the area appealing for investors seeking quick returns. Moreover, the average ROI of 12% reflects strong profit potential. Appreciation rates are moderate yet steady, supported by a renter-occupied rate of 42%, ensuring consistent demand for renovated properties.
12%
Avg. ROI
6.5%
Rental Yield
7.2%
Cap Rate
$500/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for fix and flip properties in Ishpeming is approximately 12%, reflecting solid profit potential in this steady market.
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