Investment Properties for Sale in Ontonagon, MI
$ 220,000
ROI
20.8
Cash Flow/m
62- 2 Bed
- 1 Bath
- 1524 sft
18369 Firesteel Rd, Ontonagon, MI, 49953
$ 225,000
ROI
31.3Cash Flow/m
725- 3 Bed
- 2 Bath
- 1500 sft
501 Heard St, Ontonagon, MI, 49953
Motivated Seller
$ 199,000
ROI
23.0Cash Flow/m
181- 4 Bed
- 1 Bath
- 1700 sft
709 Scovia Ave, Ontonagon, MI, 49953
$ 164,900
ROI
24.9Cash Flow/m
236- 3 Bed
- 2 Bath
- 1400 sft
101 Silver St, Ontonagon, MI, 49953
Why Invest in Ontonagon, Michigan?
Investing in Ontonagon, MI offers unique opportunities for those looking at small-town real estate markets. With a steady rental yield around 7.5% and average cash flow nearing $750 monthly, rental properties show solid performance. The average cap rate of approximately 8% combined with a consistent appreciation rate of 2% annually highlights growth potential. Renter occupancy remains stable at about 60%, reflecting a balanced rental market. Investors seeking affordable properties with reliable returns will find Ontonagon's market promising.
7.2%
Avg. ROI
7.5%
Rental Yield
8%
Cap Rate
$750/mo
Avg. Cash Flow
$700/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Ontonagon is approximately 7.5%, which is strong for a small-town rental market.
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