Is Iron Mountain, MI a good place to invest in rental property?

Iron Mountain, MI has a median modeled monthly cash flow of $-166 and a median cap rate of 5.1%, on a median sold price of $159,000. Prices changed +10.2% year over year.

What is the average cap rate in Iron Mountain, MI?

The median cap rate across recently sold homes in Iron Mountain, MI is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Iron Mountain, MI?

The median sold price in Iron Mountain, MI is $159,000 (about $130 per square foot).

Investing in Iron Mountain, MI Real Estate

A data-driven snapshot of the Iron Mountain, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$159,000Median sold price

$130Median $/sqft

5.1%Median cap rate

$-166Modeled cash flow / mo

+10.2%Appreciation YoY

5.9Months of supply

71Active listings

145Sold (last 12 mo)

What the Iron Mountain numbers say

In Iron Mountain, MI, the median home sold for $159,000 (about $130 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-166 of monthly cash flow. Sold prices moved +10.2% over the past year. Inventory sits at about 5.9 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Iron Mountain cash-flowing listings

CashFlowRE ranks every for-sale home in Iron Mountain, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Iron Mountain deals, or browse the national market data.