Ishpeming Investment Analysis

Investment Property in Ishpeming, MI

Ishpeming, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 170,000

Median

1,583

Avg/Sq.ft.
CASH ON CASH RETURN

8.00%

Traditional

8.00%

Airbnb
NUMBER OF PROPERTIES

26

Investment

30

Airbnb

1

Traditional

53%

Airbnb occupancy rate

Ishpeming, MI Properties Rental Prices

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Investment Properties for Sale in Ishpeming, MI

Investment Properties for Sale
$185,000
MLS 50119582
Ishpeming
Single Family Residential
3 beds 2 baths 1,510 sq.ft.
CAP RATE Trad. 6.15% Airbnb 9.35%
Investment Properties for Sale
$85,000
MLS 50119100
Ishpeming
Single Family Residential
1 beds N/A baths 480 sq.ft.
CAP RATE Trad. 11.18% Airbnb 9.56%
Investment Properties for Sale
$199,000
MLS 50119658
Ishpeming
Single Family Residential
3 beds 2 baths 1,512 sq.ft.
CAP RATE Trad. 7.35% Airbnb 8.53%
Investment Properties for Sale
$219,900
MLS 50119559
Ishpeming
Single Family Residential
3 beds 2 baths 1,248 sq.ft.
CAP RATE Trad. 5.32% Airbnb 7.48%
Investment Properties for Sale
$129,900
MLS 50116188
Ishpeming
Single Family Residential
2 beds 1 baths 658 sq.ft.
CAP RATE Trad. 8.38% Airbnb 7.26%
Investment Properties for Sale
$103,000
MLS 50121012
Ishpeming
Single Family Residential
1 beds 1 baths 689 sq.ft.
CAP RATE Trad. 5.61% Airbnb 6.49%
Investment Properties for Sale
$120,000
MLS 50121355
Ishpeming
Single Family Residential
1 beds N/A baths 400 sq.ft.
CAP RATE Trad. 8.19% Airbnb 5.22%
Investment Properties for Sale
$180,000
MLS 50112562
Ishpeming
Single Family Residential
1 beds 1 baths 494 sq.ft.
CAP RATE Trad. 2.34% Airbnb 2.66%

Single Family Houses for Sale in Ishpeming, MI

Investment Properties for Sale
$185,000
MLS 50119582
Ishpeming
Single Family Residential
3 beds 2 baths 1,510 sq.ft.
CAP RATE Trad. 6.15% Airbnb 9.35%
Investment Properties for Sale
$85,000
MLS 50119100
Ishpeming
Single Family Residential
1 beds N/A baths 480 sq.ft.
CAP RATE Trad. 11.18% Airbnb 9.56%
Investment Properties for Sale
$199,000
MLS 50119658
Ishpeming
Single Family Residential
3 beds 2 baths 1,512 sq.ft.
CAP RATE Trad. 7.35% Airbnb 8.53%
Investment Properties for Sale
$219,900
MLS 50119559
Ishpeming
Single Family Residential
3 beds 2 baths 1,248 sq.ft.
CAP RATE Trad. 5.32% Airbnb 7.48%
Investment Properties for Sale
$129,900
MLS 50116188
Ishpeming
Single Family Residential
2 beds 1 baths 658 sq.ft.
CAP RATE Trad. 8.38% Airbnb 7.26%
Investment Properties for Sale
$103,000
MLS 50121012
Ishpeming
Single Family Residential
1 beds 1 baths 689 sq.ft.
CAP RATE Trad. 5.61% Airbnb 6.49%
Investment Properties for Sale
$120,000
MLS 50121355
Ishpeming
Single Family Residential
1 beds N/A baths 400 sq.ft.
CAP RATE Trad. 8.19% Airbnb 5.22%
Investment Properties for Sale
$180,000
MLS 50112562
Ishpeming
Single Family Residential
1 beds 1 baths 494 sq.ft.
CAP RATE Trad. 2.34% Airbnb 2.66%

Top Ishpeming, MI Neighborhoods - Real Estate Market Analysis

Ishpeming
PROPERTY PRICE

$119,950

Median for city
CAP RATE

5.63%

Traditional

7.67%

Airbnb
RENTAL INCOME

$ 582

Traditional

$ 1,535

Airbnb

53%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Ishpeming, MI

☀️Latitude Adjustment
$56 per night Airbnb occupancy rate 64%
Apartment 0 · 1 · 2
Rental Income: $1,103 per month
5
334
West End Stay and Play Front Apt. Right on  trails
$78 per night Airbnb occupancy rate 58%
Apartment 1 · 1 · 2
Rental Income: $1,396 per month
5
172
West End Stay and Play. Right next to trail system
$125 per night Airbnb occupancy rate 66%
Apartment 3 · 1 · 6
Rental Income: $2,538 per month
5
123
Maurice
$69 per night Airbnb occupancy rate 54%
Apartment 1 · 1 · 2
Rental Income: $1,145 per month
5
100
Large 2 bedroom Apt (longterm discounts)
$71 per night Airbnb occupancy rate 78%
Apartment 2 · 1 · 2
Rental Income: $1,704 per month
5
83
Park St Retreat 3 BR- 1.5 MI from Snowmobile TRL
$191 per night Airbnb occupancy rate 60%
House 3 · 2 · 7
Rental Income: $3,534 per month
5
56
Hill Street House - Upper Unit
$86 per night Airbnb occupancy rate 53%
Apartment 1 · 1 · 2
Rental Income: $1,402 per month
5
55
Mom’s Place is a relaxing place to unwind.
$102 per night Airbnb occupancy rate 57%
Apartment 2 · 1 · 5
Rental Income: $1,779 per month
5
55

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Walled Lake $374,950 4% 4% $2,386 $3,126 12 72%
Wixom $459,900 4% 4% $2,712 $3,532 13 72%
Rockwood $287,000 5% 10% $1,891 $4,536 10 72%
Holt $254,900 5% 5% $1,834 $2,523 16 68%
Wyandotte $175,500 4% 5% $1,311 $1,831 34 68%
Lincoln Park $147,500 7% 8% $1,492 $2,001 57 65%
Carleton $479,000 2% 2% $1,814 $2,272 11 65%
Canton $394,950 4% 5% $2,391 $3,529 108 65%
Milford $562,450 3% 6% $2,718 $4,800 40 64%
Garden City $197,400 5% 6% $1,533 $2,240 34 63%
Highland $454,950 3% 8% $2,389 $4,800 30 62%
Redford $165,000 6% 10% $1,430 $2,664 104 61%
Trenton $199,900 6% 8% $1,733 $3,321 27 60%
White Lake $412,450 5% 6% $2,526 $3,252 52 59%
Lake Orion $399,900 4% 7% $2,518 $4,230 44 58%
Traverse City $449,700 3% 6% $2,469 $5,186 322 56%
Belmont $410,000 4% 2% $2,390 $2,429 13 54%
Clinton Township $265,000 4% 4% $1,843 $2,695 115 51%
Mount Clemens $170,000 5% 7% $1,430 $2,577 25 50%
Grosse Ile $424,500 3% 8% $2,308 $2,645 14 49%
View all michigan cities

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