Is L'Anse, MI a good place to invest in rental property?

L'Anse, MI has a median modeled monthly cash flow of $-1,453 and a median cap rate of 1.3%, on a median sold price of $176,000. Prices changed +17.7% year over year.

What is the average cap rate in L'Anse, MI?

The median cap rate across recently sold homes in L'Anse, MI is 1.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in L'Anse, MI?

The median sold price in L'Anse, MI is $176,000 (about $136 per square foot).

Investing in L'Anse, MI Real Estate

A data-driven snapshot of the L'Anse, 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.

$176,000Median sold price

$136Median $/sqft

1.3%Median cap rate

$-1,453Modeled cash flow / mo

+17.7%Appreciation YoY

9.6Months of supply

28Active listings

35Sold (last 12 mo)

What the L'Anse numbers say

In L'Anse, MI, the median home sold for $176,000 (about $136 per square foot), and the typical deal models out to a 1.3% cap rate with a median $-1,453 of monthly cash flow. Sold prices moved +17.7% over the past year. Inventory sits at about 9.6 months of supply — a looser, buyer-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 L'Anse cash-flowing listings

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