Single Family 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 single-family homes in Ontonagon, MI offers a unique opportunity for steady rental income and appreciation in a small but growing market. With an average ROI of around 7%, investors can expect solid yields supported by a cap rate near 8%. The rental market shows consistent rental yield at approximately 6.5%, and the average cash flow remains positive, supported by moderate average rents. Ontonagon benefits from a stable renter-occupied rate, making it an attractive location for long-term investment.
7%
Avg. ROI
6.5%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Ontonagon is approximately 6.5%, offering steady income potential for investors.
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