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

Ironwood, MI has a median modeled monthly cash flow of $-61 and a median cap rate of 5.8%, on a median sold price of $119,225. Prices changed +8.4% year over year.

What is the average cap rate in Ironwood, MI?

The median cap rate across recently sold homes in Ironwood, MI is 5.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ironwood, MI?

The median sold price in Ironwood, MI is $119,225 (about $90 per square foot).

Investing in Ironwood, MI Real Estate

A data-driven snapshot of the Ironwood, 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.

$119,225Median sold price

$90Median $/sqft

5.8%Median cap rate

$-61Modeled cash flow / mo

+8.4%Appreciation YoY

5.9Months of supply

61Active listings

124Sold (last 12 mo)

What the Ironwood numbers say

In Ironwood, MI, the median home sold for $119,225 (about $90 per square foot), and the typical deal models out to a 5.8% cap rate with a median $-61 of monthly cash flow. Sold prices moved +8.4% 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 Ironwood cash-flowing listings

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