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

Newaygo, MI has a median modeled monthly cash flow of $-689 and a median cap rate of 3.3%, on a median sold price of $266,000. Prices changed -1.3% year over year.

What is the average cap rate in Newaygo, MI?

The median cap rate across recently sold homes in Newaygo, MI is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Newaygo, MI?

The median sold price in Newaygo, MI is $266,000 (about $187 per square foot).

Investing in Newaygo, MI Real Estate

A data-driven snapshot of the Newaygo, 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.

$266,000Median sold price

$187Median $/sqft

3.3%Median cap rate

$-689Modeled cash flow / mo

-1.3%Appreciation YoY

2.6Months of supply

41Active listings

191Sold (last 12 mo)

What the Newaygo numbers say

In Newaygo, MI, the median home sold for $266,000 (about $187 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-689 of monthly cash flow. Sold prices moved -1.3% over the past year. Inventory sits at about 2.6 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 Newaygo cash-flowing listings

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