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

Conway, MI has a median modeled monthly cash flow of $-1,012 and a median cap rate of 2.7%, on a median sold price of $340,000. Prices changed +22.3% year over year.

What is the average cap rate in Conway, MI?

The median cap rate across recently sold homes in Conway, MI is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Conway, MI?

The median sold price in Conway, MI is $340,000 (about $192 per square foot).

Investing in Conway, MI Real Estate

A data-driven snapshot of the Conway, 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.

$340,000Median sold price

$192Median $/sqft

2.7%Median cap rate

$-1,012Modeled cash flow / mo

+22.3%Appreciation YoY

4.1Months of supply

16Active listings

47Sold (last 12 mo)

What the Conway numbers say

In Conway, MI, the median home sold for $340,000 (about $192 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,012 of monthly cash flow. Sold prices moved +22.3% over the past year. Inventory sits at about 4.1 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 Conway cash-flowing listings

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