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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
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
Listed for sale 1 day ago
$ 149,900
ROI
23.1Cash Flow/m
140- 3 Bed
- 1 Bath
- 1152 sft
2015 School St, Ishpeming, MI, 49849
Listed for sale 1 day ago
$ 175,000
ROI
24.3Cash Flow/m
223- 3 Bed
- 2 Bath
- 2384 sft
219 S Angeline St, Ishpeming, MI, 49849
Listed for sale 6 days ago
$ 144,900
ROI
23.4Cash Flow/m
146- 3 Bed
- 1 Bath
- 1484 sft
749 Michigan 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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