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

Newaygo, MI has a median modeled monthly cash flow of $-537 and a median cap rate of 3.2%, on a median sold price of $260,500. Prices changed +11.4% year over year.

What is the average cap rate in Newaygo, MI?

The median cap rate across recently sold homes in Newaygo, MI is 3.2%, 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 $260,500 (about $156 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.

$260,500Median sold price

$156Median $/sqft

3.2%Median cap rate

$-537Modeled cash flow / mo

+11.4%Appreciation YoY

5.0Months of supply

26Active listings

62Sold (last 12 mo)

What the Newaygo numbers say

In Newaygo, MI, the median home sold for $260,500 (about $156 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-537 of monthly cash flow. Sold prices moved +11.4% over the past year. Inventory sits at about 5.0 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 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.