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

Allegan, MI has a median modeled monthly cash flow of $-395 and a median cap rate of 4.7%, on a median sold price of $249,900. Prices changed +0.9% year over year.

What is the average cap rate in Allegan, MI?

The median cap rate across recently sold homes in Allegan, MI is 4.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Allegan, MI?

The median sold price in Allegan, MI is $249,900 (about $172 per square foot).

Investing in Allegan, MI Real Estate

A data-driven snapshot of the Allegan, 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.

$249,900Median sold price

$172Median $/sqft

4.7%Median cap rate

$-395Modeled cash flow / mo

+0.9%Appreciation YoY

6.6Months of supply

122Active listings

223Sold (last 12 mo)

What the Allegan numbers say

In Allegan, MI, the median home sold for $249,900 (about $172 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-395 of monthly cash flow. Sold prices moved +0.9% over the past year. Inventory sits at about 6.6 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 Allegan cash-flowing listings

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