Is Sault Ste. Marie, MI a good place to invest in rental property?

Sault Ste. Marie, MI has a median modeled monthly cash flow of $-338 and a median cap rate of 4.5%, on a median sold price of $178,000. Prices changed +7.3% year over year.

What is the average cap rate in Sault Ste. Marie, MI?

The median cap rate across recently sold homes in Sault Ste. Marie, MI is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sault Ste. Marie, MI?

The median sold price in Sault Ste. Marie, MI is $178,000 (about $140 per square foot).

Investing in Sault Ste. Marie, MI Real Estate

A data-driven snapshot of the Sault Ste. Marie, 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.

$178,000Median sold price

$140Median $/sqft

4.5%Median cap rate

$-338Modeled cash flow / mo

+7.3%Appreciation YoY

6.4Months of supply

82Active listings

153Sold (last 12 mo)

What the Sault Ste. Marie numbers say

In Sault Ste. Marie, MI, the median home sold for $178,000 (about $140 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-338 of monthly cash flow. Sold prices moved +7.3% over the past year. Inventory sits at about 6.4 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 Sault Ste. Marie cash-flowing listings

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