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

Cannon, MI has a median modeled monthly cash flow of $-2,137 and a median cap rate of 2.1%, on a median sold price of $494,500. Prices changed +2.4% year over year.

What is the average cap rate in Cannon, MI?

The median cap rate across recently sold homes in Cannon, MI is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cannon, MI?

The median sold price in Cannon, MI is $494,500 (about $216 per square foot).

Investing in Cannon, MI Real Estate

A data-driven snapshot of the Cannon, 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.

$494,500Median sold price

$216Median $/sqft

2.0%Median cap rate

$-2,137Modeled cash flow / mo

+2.4%Appreciation YoY

7.0Months of supply

136Active listings

234Sold (last 12 mo)

What the Cannon numbers say

In Cannon, MI, the median home sold for $494,500 (about $216 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-2,137 of monthly cash flow. Sold prices moved +2.4% over the past year. Inventory sits at about 7.0 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 Cannon cash-flowing listings

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