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

West Ishpeming, MI has a median modeled monthly cash flow of $-843 and a median cap rate of 3.0%, on a median sold price of $207,450. Prices changed +4.7% 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 3.0%, 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 $207,450 (about $188 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.

$207,450Median sold price

$188Median $/sqft

3.0%Median cap rate

$-843Modeled cash flow / mo

+4.7%Appreciation YoY

3.1Months of supply

20Active listings

78Sold (last 12 mo)

What the West Ishpeming numbers say

In West Ishpeming, MI, the median home sold for $207,450 (about $188 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-843 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 3.1 months of supply — a tight, seller-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 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.