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

Iron River, MI has a median modeled monthly cash flow of $-81 and a median cap rate of 5.5%, on a median sold price of $121,000. Prices changed +37.6% year over year.

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

The median cap rate across recently sold homes in Iron River, MI is 5.5%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Iron River, MI is $121,000 (about $108 per square foot).

Investing in Iron River, MI Real Estate

A data-driven snapshot of the Iron River, 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.

$121,000Median sold price

$108Median $/sqft

5.5%Median cap rate

$-81Modeled cash flow / mo

+37.6%Appreciation YoY

7.4Months of supply

47Active listings

76Sold (last 12 mo)

What the Iron River numbers say

In Iron River, MI, the median home sold for $121,000 (about $108 per square foot), and the typical deal models out to a 5.5% cap rate with a median $-81 of monthly cash flow. Sold prices moved +37.6% over the past year. Inventory sits at about 7.4 months of supply — a looser, buyer-friendly market. 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 River cash-flowing listings

CashFlowRE ranks every for-sale home in Iron River, 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 River deals, or browse the national market data.