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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
Listed for sale 1 day ago
$ 139,900
ROI
24.2
Cash Flow/m
172- 3 Bed
- 1 Bath
- 1248 sft
207 S 2nd St, Ishpeming, MI, 49849
Fix & Flip
$ 119,000
ROI
24.7Cash Flow/m
163- 3 Bed
- 1 Bath
- 1036 sft
175 County Road Pdj, Ishpeming, MI, 49849
Fix & Flip
$ 229,900
ROI
22.7Cash Flow/m
190- 3 Bed
- 2 Bath
- 1184 sft
975 Cottage St, Ishpeming, MI, 49849
Fix & Flip
$ 225,000
ROI
21.8Cash Flow/m
128- 3 Bed
- 3 Bath
- 1982 sft
780 White Ave, 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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