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

Bessemer, MI has a median modeled monthly cash flow of $-293 and a median cap rate of 4.4%, on a median sold price of $92,500. Prices changed -2.1% year over year.

What is the average cap rate in Bessemer, MI?

The median cap rate across recently sold homes in Bessemer, MI is 4.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Bessemer, MI?

The median sold price in Bessemer, MI is $92,500 (about $95 per square foot).

Investing in Bessemer, MI Real Estate

A data-driven snapshot of the Bessemer, 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.

$92,500Median sold price

$95Median $/sqft

4.4%Median cap rate

$-293Modeled cash flow / mo

-2.1%Appreciation YoY

10.6Months of supply

46Active listings

52Sold (last 12 mo)

What the Bessemer numbers say

In Bessemer, MI, the median home sold for $92,500 (about $95 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-293 of monthly cash flow. Sold prices moved -2.1% over the past year. Inventory sits at about 10.6 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 Bessemer cash-flowing listings

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