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

Ontonagon, MI has a median modeled monthly cash flow of $-260 and a median cap rate of 4.6%, on a median sold price of $95,000. Prices changed +7.4% year over year.

What is the average cap rate in Ontonagon, MI?

The median cap rate across recently sold homes in Ontonagon, MI is 4.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ontonagon, MI?

The median sold price in Ontonagon, MI is $95,000 (about $130 per square foot).

Investing in Ontonagon, MI Real Estate

A data-driven snapshot of the Ontonagon, 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.

$95,000Median sold price

$130Median $/sqft

4.6%Median cap rate

$-260Modeled cash flow / mo

+7.4%Appreciation YoY

9.0Months of supply

27Active listings

36Sold (last 12 mo)

What the Ontonagon numbers say

In Ontonagon, MI, the median home sold for $95,000 (about $130 per square foot), and the typical deal models out to a 4.6% cap rate with a median $-260 of monthly cash flow. Sold prices moved +7.4% over the past year. Inventory sits at about 9.0 months of supply — a looser, buyer-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 Ontonagon cash-flowing listings

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