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

Algonac, MI has a median modeled monthly cash flow of $-927 and a median cap rate of 2.1%, on a median sold price of $220,000. Prices changed -2.9% year over year.

What is the average cap rate in Algonac, MI?

The median cap rate across recently sold homes in Algonac, MI is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Algonac, MI?

The median sold price in Algonac, MI is $220,000 (about $169 per square foot).

Investing in Algonac, MI Real Estate

A data-driven snapshot of the Algonac, 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.

$220,000Median sold price

$169Median $/sqft

2.0%Median cap rate

$-927Modeled cash flow / mo

-2.9%Appreciation YoY

8.6Months of supply

61Active listings

85Sold (last 12 mo)

What the Algonac numbers say

In Algonac, MI, the median home sold for $220,000 (about $169 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-927 of monthly cash flow. Sold prices moved -2.9% over the past year. Inventory sits at about 8.6 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 Algonac cash-flowing listings

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