High Rental Yield 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 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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