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

Buchanan, MI has a median modeled monthly cash flow of $-953 and a median cap rate of 2.2%, on a median sold price of $240,500. Prices changed +14.1% year over year.

What is the average cap rate in Buchanan, MI?

The median cap rate across recently sold homes in Buchanan, MI is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Buchanan, MI?

The median sold price in Buchanan, MI is $240,500 (about $158 per square foot).

Investing in Buchanan, MI Real Estate

A data-driven snapshot of the Buchanan, 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.

$240,500Median sold price

$158Median $/sqft

2.2%Median cap rate

$-953Modeled cash flow / mo

+14.1%Appreciation YoY

5.2Months of supply

56Active listings

129Sold (last 12 mo)

What the Buchanan numbers say

In Buchanan, MI, the median home sold for $240,500 (about $158 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-953 of monthly cash flow. Sold prices moved +14.1% over the past year. Inventory sits at about 5.2 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 Buchanan cash-flowing listings

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