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

Sparta, MI has a median modeled monthly cash flow of $-598 and a median cap rate of 3.6%, on a median sold price of $299,900. Prices changed +4.7% year over year.

What is the average cap rate in Sparta, MI?

The median cap rate across recently sold homes in Sparta, MI is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sparta, MI?

The median sold price in Sparta, MI is $299,900 (about $178 per square foot).

Investing in Sparta, MI Real Estate

A data-driven snapshot of the Sparta, 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.

$299,900Median sold price

$178Median $/sqft

3.6%Median cap rate

$-598Modeled cash flow / mo

+4.7%Appreciation YoY

8.0Months of supply

93Active listings

140Sold (last 12 mo)

What the Sparta numbers say

In Sparta, MI, the median home sold for $299,900 (about $178 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-598 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 8.0 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 Sparta cash-flowing listings

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