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

Benton Harbor, MI has a median modeled monthly cash flow of $217 and a median cap rate of 8.3%, on a median sold price of $119,000. Prices changed -11.1% year over year.

What is the average cap rate in Benton Harbor, MI?

The median cap rate across recently sold homes in Benton Harbor, MI is 8.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Benton Harbor, MI?

The median sold price in Benton Harbor, MI is $119,000 (about $92 per square foot).

Investing in Benton Harbor, MI Real Estate

#114 cash-flow market in the U.S.

A data-driven snapshot of the Benton Harbor, 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.

$119,000Median sold price

$92Median $/sqft

8.3%Median cap rate

$217Modeled cash flow / mo

-11.1%Appreciation YoY

12.7Months of supply

89Active listings

84Sold (last 12 mo)

What the Benton Harbor numbers say

In Benton Harbor, MI, the median home sold for $119,000 (about $92 per square foot), and the typical deal models out to a 8.3% cap rate with a median $217 of monthly cash flow. Sold prices moved -11.1% over the past year. Inventory sits at about 12.7 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 Benton Harbor cash-flowing listings

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