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

Romeo, MI has a median modeled monthly cash flow of $-3,067 and a median cap rate of 0.9%, on a median sold price of $495,000. Prices changed +4.8% year over year.

What is the average cap rate in Romeo, MI?

The median cap rate across recently sold homes in Romeo, MI is 0.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Romeo, MI?

The median sold price in Romeo, MI is $495,000 (about $197 per square foot).

Investing in Romeo, MI Real Estate

A data-driven snapshot of the Romeo, 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.

$495,000Median sold price

$197Median $/sqft

0.9%Median cap rate

$-3,067Modeled cash flow / mo

+4.8%Appreciation YoY

2.2Months of supply

74Active listings

407Sold (last 12 mo)

What the Romeo numbers say

In Romeo, MI, the median home sold for $495,000 (about $197 per square foot), and the typical deal models out to a 0.9% cap rate with a median $-3,067 of monthly cash flow. Sold prices moved +4.8% over the past year. Inventory sits at about 2.2 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 Romeo cash-flowing listings

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