Under $300K 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
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
$ 200,000
ROI
31.6Cash Flow/m
658- 3 Bed
- 1 Bath
- 1293 sft
131 Zoberlein 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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