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

Alma, MI has a median modeled monthly cash flow of $-280 and a median cap rate of 4.2%, on a median sold price of $155,500. Prices changed +19.8% year over year.

What is the average cap rate in Alma, MI?

The median cap rate across recently sold homes in Alma, MI is 4.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Alma, MI?

The median sold price in Alma, MI is $155,500 (about $121 per square foot).

Investing in Alma, MI Real Estate

A data-driven snapshot of the Alma, 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.

$155,500Median sold price

$121Median $/sqft

4.2%Median cap rate

$-280Modeled cash flow / mo

+19.8%Appreciation YoY

4.5Months of supply

69Active listings

186Sold (last 12 mo)

What the Alma numbers say

In Alma, MI, the median home sold for $155,500 (about $121 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-280 of monthly cash flow. Sold prices moved +19.8% over the past year. Inventory sits at about 4.5 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 Alma cash-flowing listings

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