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

L'Anse, MI has a median modeled monthly cash flow of $-2,874 and a median cap rate of -0.7%, on a median sold price of $153,500. Prices changed +122.0% 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 -0.7%, 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 $153,500 (about $146 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.

$153,500Median sold price

$146Median $/sqft

-0.7%Median cap rate

$-2,874Modeled cash flow / mo

+122.0%Appreciation YoY

4.6Months of supply

12Active listings

31Sold (last 12 mo)

What the L'Anse numbers say

In L'Anse, MI, the median home sold for $153,500 (about $146 per square foot), and the typical deal models out to a -0.7% cap rate with a median $-2,874 of monthly cash flow. Sold prices moved +122.0% over the past year. Inventory sits at about 4.6 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 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.