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

London, MI has a median modeled monthly cash flow of $-709 and a median cap rate of 3.4%, on a median sold price of $198,000. Prices changed +2.2% year over year.

What is the average cap rate in London, MI?

The median cap rate across recently sold homes in London, MI is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in London, MI?

The median sold price in London, MI is $198,000 (about $188 per square foot).

Investing in London, MI Real Estate

A data-driven snapshot of the London, 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.

$198,000Median sold price

$188Median $/sqft

3.4%Median cap rate

$-709Modeled cash flow / mo

+2.2%Appreciation YoY

5.1Months of supply

16Active listings

38Sold (last 12 mo)

What the London numbers say

In London, MI, the median home sold for $198,000 (about $188 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-709 of monthly cash flow. Sold prices moved +2.2% over the past year. Inventory sits at about 5.1 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 London cash-flowing listings

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