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

West Ishpeming, MI has a median modeled monthly cash flow of $-671 and a median cap rate of 2.8%, on a median sold price of $229,900. Prices changed +8.7% year over year.

What is the average cap rate in West Ishpeming, MI?

The median cap rate across recently sold homes in West Ishpeming, MI is 2.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in West Ishpeming, MI?

The median sold price in West Ishpeming, MI is $229,900 (about $199 per square foot).

Investing in West Ishpeming, MI Real Estate

A data-driven snapshot of the West Ishpeming, 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.

$229,900Median sold price

$199Median $/sqft

2.8%Median cap rate

$-671Modeled cash flow / mo

+8.7%Appreciation YoY

5.0Months of supply

17Active listings

41Sold (last 12 mo)

What the West Ishpeming numbers say

In West Ishpeming, MI, the median home sold for $229,900 (about $199 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-671 of monthly cash flow. Sold prices moved +8.7% over the past year. Inventory sits at about 5.0 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 West Ishpeming cash-flowing listings

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