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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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 under $300k properties in Ishpeming, MI offers a unique opportunity for budget-conscious investors seeking steady returns. The local market provides an average ROI of 7.2% with rental yields around 6.5%, supported by a modest cap rate of 5%. Average cash flow is positive, driven by affordable rents averaging $750 per month. Appreciation rates remain stable, making Ishpeming a solid choice for long-term investment.
7.2%
Avg. ROI
6.5%
Rental Yield
5%
Cap Rate
$150/mo
Avg. Cash Flow
$750/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
The average ROI for properties under $300k in Ishpeming is approximately 7.2%, making it an attractive option for investors seeking steady income.
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