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

Big Bay, MI has a median modeled monthly cash flow of $-2,605 and a median cap rate of 0.8%, on a median sold price of $195,000. Prices changed +21.6% year over year.

What is the average cap rate in Big Bay, MI?

The median cap rate across recently sold homes in Big Bay, MI is 0.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Big Bay, MI?

The median sold price in Big Bay, MI is $195,000 (about $253 per square foot).

Investing in Big Bay, MI Real Estate

A data-driven snapshot of the Big Bay, 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.

$195,000Median sold price

$253Median $/sqft

0.8%Median cap rate

$-2,605Modeled cash flow / mo

+21.6%Appreciation YoY

4.6Months of supply

13Active listings

34Sold (last 12 mo)

What the Big Bay numbers say

In Big Bay, MI, the median home sold for $195,000 (about $253 per square foot), and the typical deal models out to a 0.8% cap rate with a median $-2,605 of monthly cash flow. Sold prices moved +21.6% over the past year. Inventory sits at about 4.6 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 Big Bay cash-flowing listings

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