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

Onaway, MI has a median modeled monthly cash flow of $-160 and a median cap rate of 5.2%, on a median sold price of $135,000. Prices changed -26.0% year over year.

What is the average cap rate in Onaway, MI?

The median cap rate across recently sold homes in Onaway, MI is 5.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Onaway, MI?

The median sold price in Onaway, MI is $135,000 (about $96 per square foot).

Investing in Onaway, MI Real Estate

A data-driven snapshot of the Onaway, 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.

$135,000Median sold price

$96Median $/sqft

5.2%Median cap rate

$-160Modeled cash flow / mo

-26.0%Appreciation YoY

0.8Months of supply

2Active listings

31Sold (last 12 mo)

What the Onaway numbers say

In Onaway, MI, the median home sold for $135,000 (about $96 per square foot), and the typical deal models out to a 5.2% cap rate with a median $-160 of monthly cash flow. Sold prices moved -26.0% over the past year. Inventory sits at about 0.8 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 Onaway cash-flowing listings

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