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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
$ 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 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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