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

New Era, MI has a median modeled monthly cash flow of $-318 and a median cap rate of 4.2%, on a median sold price of $186,000. Prices changed +19.2% year over year.

What is the average cap rate in New Era, MI?

The median cap rate across recently sold homes in New Era, MI is 4.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New Era, MI?

The median sold price in New Era, MI is $186,000 (about $143 per square foot).

Investing in New Era, MI Real Estate

A data-driven snapshot of the New Era, 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.

$186,000Median sold price

$143Median $/sqft

4.2%Median cap rate

$-318Modeled cash flow / mo

+19.2%Appreciation YoY

1.0Months of supply

3Active listings

35Sold (last 12 mo)

What the New Era numbers say

In New Era, MI, the median home sold for $186,000 (about $143 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-318 of monthly cash flow. Sold prices moved +19.2% over the past year. Inventory sits at about 1.0 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 New Era cash-flowing listings

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