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

Ontonagon, MI has a median modeled monthly cash flow of $-325 and a median cap rate of 4.4%, on a median sold price of $115,000. Prices changed +75.0% year over year.

What is the average cap rate in Ontonagon, MI?

The median cap rate across recently sold homes in Ontonagon, MI is 4.4%, 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 $115,000 (about $161 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.

$115,000Median sold price

$161Median $/sqft

4.4%Median cap rate

$-325Modeled cash flow / mo

+75.0%Appreciation YoY

3.3Months of supply

12Active listings

43Sold (last 12 mo)

What the Ontonagon numbers say

In Ontonagon, MI, the median home sold for $115,000 (about $161 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-325 of monthly cash flow. Sold prices moved +75.0% over the past year. Inventory sits at about 3.3 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 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.