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

Parchment, MI has a median modeled monthly cash flow of $-341 and a median cap rate of 4.3%, on a median sold price of $220,000. Prices changed +16.1% year over year.

What is the average cap rate in Parchment, MI?

The median cap rate across recently sold homes in Parchment, MI is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Parchment, MI?

The median sold price in Parchment, MI is $220,000 (about $166 per square foot).

Investing in Parchment, MI Real Estate

A data-driven snapshot of the Parchment, 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.

$220,000Median sold price

$166Median $/sqft

4.3%Median cap rate

$-341Modeled cash flow / mo

+16.1%Appreciation YoY

3.1Months of supply

28Active listings

108Sold (last 12 mo)

What the Parchment numbers say

In Parchment, MI, the median home sold for $220,000 (about $166 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-341 of monthly cash flow. Sold prices moved +16.1% over the past year. Inventory sits at about 3.1 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 Parchment cash-flowing listings

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