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

Almira, MI has a median modeled monthly cash flow of $-1,875 and a median cap rate of 1.4%, on a median sold price of $369,900. Prices changed +25.8% year over year.

What is the average cap rate in Almira, MI?

The median cap rate across recently sold homes in Almira, MI is 1.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Almira, MI?

The median sold price in Almira, MI is $369,900 (about $288 per square foot).

Investing in Almira, MI Real Estate

A data-driven snapshot of the Almira, 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.

$369,900Median sold price

$288Median $/sqft

1.4%Median cap rate

$-1,875Modeled cash flow / mo

+25.8%Appreciation YoY

4.9Months of supply

28Active listings

68Sold (last 12 mo)

What the Almira numbers say

In Almira, MI, the median home sold for $369,900 (about $288 per square foot), and the typical deal models out to a 1.4% cap rate with a median $-1,875 of monthly cash flow. Sold prices moved +25.8% over the past year. Inventory sits at about 4.9 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 Almira cash-flowing listings

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