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

Mendon, MI has a median modeled monthly cash flow of $-211 and a median cap rate of 5.0%, on a median sold price of $226,000. Prices changed +11.2% year over year.

What is the average cap rate in Mendon, MI?

The median cap rate across recently sold homes in Mendon, MI is 5.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mendon, MI?

The median sold price in Mendon, MI is $226,000 (about $148 per square foot).

Investing in Mendon, MI Real Estate

A data-driven snapshot of the Mendon, 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.

$226,000Median sold price

$148Median $/sqft

5.0%Median cap rate

$-211Modeled cash flow / mo

+11.2%Appreciation YoY

2.2Months of supply

7Active listings

38Sold (last 12 mo)

What the Mendon numbers say

In Mendon, MI, the median home sold for $226,000 (about $148 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-211 of monthly cash flow. Sold prices moved +11.2% over the past year. Inventory sits at about 2.2 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 Mendon cash-flowing listings

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