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

Onekama, MI has a median modeled monthly cash flow of $-5,229 and a median cap rate of -0.1%, on a median sold price of $224,900. Prices changed +54.6% year over year.

What is the average cap rate in Onekama, MI?

The median cap rate across recently sold homes in Onekama, MI is -0.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Onekama, MI?

The median sold price in Onekama, MI is $224,900 (about $201 per square foot).

Investing in Onekama, MI Real Estate

A data-driven snapshot of the Onekama, 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.

$224,900Median sold price

$201Median $/sqft

-0.1%Median cap rate

$-5,229Modeled cash flow / mo

+54.6%Appreciation YoY

4.3Months of supply

21Active listings

59Sold (last 12 mo)

What the Onekama numbers say

In Onekama, MI, the median home sold for $224,900 (about $201 per square foot), and the typical deal models out to a -0.1% cap rate with a median $-5,229 of monthly cash flow. Sold prices moved +54.6% over the past year. Inventory sits at about 4.3 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 Onekama cash-flowing listings

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