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

Monroe, MI has a median modeled monthly cash flow of $-393 and a median cap rate of 4.1%, on a median sold price of $212,000. Prices changed +6.2% year over year.

What is the average cap rate in Monroe, MI?

The median cap rate across recently sold homes in Monroe, MI is 4.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Monroe, MI?

The median sold price in Monroe, MI is $212,000 (about $137 per square foot).

Investing in Monroe, MI Real Estate

A data-driven snapshot of the Monroe, 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.

$212,000Median sold price

$137Median $/sqft

4.1%Median cap rate

$-393Modeled cash flow / mo

+6.2%Appreciation YoY

8.3Months of supply

247Active listings

355Sold (last 12 mo)

What the Monroe numbers say

In Monroe, MI, the median home sold for $212,000 (about $137 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-393 of monthly cash flow. Sold prices moved +6.2% over the past year. Inventory sits at about 8.3 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 Monroe cash-flowing listings

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