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

Morenci, MI has a median modeled monthly cash flow of $-102 and a median cap rate of 5.6%, on a median sold price of $135,750. Prices changed +5.8% year over year.

What is the average cap rate in Morenci, MI?

The median cap rate across recently sold homes in Morenci, MI is 5.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Morenci, MI?

The median sold price in Morenci, MI is $135,750 (about $101 per square foot).

Investing in Morenci, MI Real Estate

A data-driven snapshot of the Morenci, 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.

$135,750Median sold price

$101Median $/sqft

5.6%Median cap rate

$-102Modeled cash flow / mo

+5.8%Appreciation YoY

4.5Months of supply

21Active listings

56Sold (last 12 mo)

What the Morenci numbers say

In Morenci, MI, the median home sold for $135,750 (about $101 per square foot), and the typical deal models out to a 5.6% cap rate with a median $-102 of monthly cash flow. Sold prices moved +5.8% over the past year. Inventory sits at about 4.5 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 Morenci cash-flowing listings

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