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

Elba, MI has a median modeled monthly cash flow of $-1,030 and a median cap rate of 2.6%, on a median sold price of $257,500. Prices changed +6.6% year over year.

What is the average cap rate in Elba, MI?

The median cap rate across recently sold homes in Elba, MI is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elba, MI?

The median sold price in Elba, MI is $257,500 (about $162 per square foot).

Investing in Elba, MI Real Estate

A data-driven snapshot of the Elba, 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.

$257,500Median sold price

$162Median $/sqft

2.6%Median cap rate

$-1,030Modeled cash flow / mo

+6.6%Appreciation YoY

6.8Months of supply

53Active listings

94Sold (last 12 mo)

What the Elba numbers say

In Elba, MI, the median home sold for $257,500 (about $162 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,030 of monthly cash flow. Sold prices moved +6.6% over the past year. Inventory sits at about 6.8 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 Elba cash-flowing listings

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