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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High ROI Investment Properties for Sale in Michigamme, MI
$ 185,000
ROI
21.7
Cash Flow/m
99- 2 Bed
- 1 Bath
- 588 sft
27470 Us Highway 41, Michigamme, MI, 49861
$ 131,000
ROI
52.5Cash Flow/m
1193- 3 Bed
- 1 Bath
- 1398 sft
327 W Lake St, Michigamme, MI, 49861
$ 214,900
ROI
21.7Cash Flow/m
115- 2 Bed
- 1 Bath
- 796 sft
103 Wentala Dr, Michigamme, MI, 49861
$ 129,900
ROI
50.0Cash Flow/m
1093- 2 Bed
- 2 Bath
- 1415 sft
21793 Birch Dr, Michigamme, MI, 49861
Why Invest in Michigamme, Michigan?
Investing in properties with high ROI in Michigamme, MI offers a unique opportunity amidst a growing rental market. This area demonstrates a solid average ROI around 8%, supported by rental yields of approximately 7% and cap rates near 6%. The average cash flow remains healthy for investors, bolstered by affordable average rents close to $900. Appreciation rates have shown steady increases, contributing to long-term wealth building in this region.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average ROI for investment properties in Michigamme is approximately 8%, reflecting strong rental yields and appreciation potential.
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