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

Boon, MI has a median modeled monthly cash flow of $-1,045 and a median cap rate of 3.0%, on a median sold price of $135,750. Prices changed -14.5% year over year.

What is the average cap rate in Boon, MI?

The median cap rate across recently sold homes in Boon, MI is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Boon, MI?

The median sold price in Boon, MI is $135,750 (about $136 per square foot).

Investing in Boon, MI Real Estate

A data-driven snapshot of the Boon, 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.

$135,750Median sold price

$136Median $/sqft

3.0%Median cap rate

$-1,045Modeled cash flow / mo

-14.5%Appreciation YoY

2.3Months of supply

6Active listings

32Sold (last 12 mo)

What the Boon numbers say

In Boon, MI, the median home sold for $135,750 (about $136 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,045 of monthly cash flow. Sold prices moved -14.5% over the past year. Inventory sits at about 2.3 months of supply — a tight, seller-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 Boon cash-flowing listings

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