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

Algonac, MI has a median modeled monthly cash flow of $-669 and a median cap rate of 3.6%, on a median sold price of $235,000. Prices changed -3.4% year over year.

What is the average cap rate in Algonac, MI?

The median cap rate across recently sold homes in Algonac, MI is 3.6%, 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 $235,000 (about $168 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.

$235,000Median sold price

$168Median $/sqft

3.6%Median cap rate

$-669Modeled cash flow / mo

-3.4%Appreciation YoY

12.9Months of supply

83Active listings

77Sold (last 12 mo)

What the Algonac numbers say

In Algonac, MI, the median home sold for $235,000 (about $168 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-669 of monthly cash flow. Sold prices moved -3.4% over the past year. Inventory sits at about 12.9 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.