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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Ontonagon, MI
Listed for sale 5 days ago
$ 205,000
ROI
24.3
Cash Flow/m
259- 3 Bed
- 2 Bath
- 2301 sft
706 Scovia Ave, Ontonagon, MI, 49953
$ 129,900
ROI
24.4Cash Flow/m
169- 3 Bed
- 1 Bath
- 1232 sft
211 S Steel St, Ontonagon, MI, 49953
Fix & Flip
$ 175,000
ROI
23.8Cash Flow/m
195- 2 Bed
- 1 Bath
- 910 sft
17402 Firesteel Rd, Ontonagon, MI, 49953
$ 324,900
ROI
25.1Cash Flow/m
487- 3 Bed
- 2 Bath
- 1650 sft
38659 Putula Rd, 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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