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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield 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 high rental yield properties in Ishpeming, MI offers attractive returns supported by a steady rental market. This area shows an average rental yield of over 8%, making it ideal for investors seeking strong cash flow. Properties here benefit from a cap rate around 7%, while average returns on investment hover near 9%. Stable appreciation rates and a renter-occupied rate above 60% contribute to a secure investment environment.
9%
Avg. ROI
8.2%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The typical rental yield in Ishpeming is approximately 8.2%, which is relatively high compared to many other areas in Michigan, making it attractive for rental investors.
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