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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Michigamme, MI
$ 200,000
ROI
29.3
Cash Flow/m
532- 3 Bed
- 1 Bath
- 960 sft
90 Green Rd, Michigamme, MI, 49861
$ 174,900
ROI
28.1Cash Flow/m
407- 2 Bed
- 1 Bath
- 1152 sft
24797 Ruth Lake Rd, Michigamme, MI, 49861
$ 250,000
ROI
24.2Cash Flow/m
306- 3 Bed
- 1 Bath
- 1656 sft
25048 George Lake Rd, Michigamme, MI, 49861
$ 259,900
ROI
28.8Cash Flow/m
652- 2 Bed
- 3 Bath
- 2020 sft
25358 Branch Rd, Michigamme, MI, 49861
Why Invest in Michigamme, Michigan?
Investing in single-family homes in Michigamme, MI offers a promising opportunity for steady rental income and moderate appreciation. Current market trends show an average ROI of 6.5%, with rental yields around 8%. The cap rate stands at 7%, supported by a stable renter-occupied rate near 60%. Average cash flow is positive, and rents average about $1,100 per month, making it attractive for investors seeking balanced growth and income.
6.5%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental income is approximately $1,100 per month, with stable demand supporting consistent occupancy.
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