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

Leonard, MI has a median modeled monthly cash flow of $-2,807 and a median cap rate of 1.1%, on a median sold price of $515,000. Prices changed +10.0% year over year.

What is the average cap rate in Leonard, MI?

The median cap rate across recently sold homes in Leonard, MI is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Leonard, MI?

The median sold price in Leonard, MI is $515,000 (about $181 per square foot).

Investing in Leonard, MI Real Estate

A data-driven snapshot of the Leonard, 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.

$515,000Median sold price

$181Median $/sqft

1.1%Median cap rate

$-2,807Modeled cash flow / mo

+10.0%Appreciation YoY

2.1Months of supply

18Active listings

101Sold (last 12 mo)

What the Leonard numbers say

In Leonard, MI, the median home sold for $515,000 (about $181 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-2,807 of monthly cash flow. Sold prices moved +10.0% over the past year. Inventory sits at about 2.1 months of supply — a tight, seller-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 Leonard cash-flowing listings

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