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

Stephenson, MI has a median modeled monthly cash flow of $-90 and a median cap rate of 5.7%, on a median sold price of $168,000. Prices changed +5.3% year over year.

What is the average cap rate in Stephenson, MI?

The median cap rate across recently sold homes in Stephenson, MI is 5.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Stephenson, MI?

The median sold price in Stephenson, MI is $168,000 (about $140 per square foot).

Investing in Stephenson, MI Real Estate

A data-driven snapshot of the Stephenson, 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.

$168,000Median sold price

$140Median $/sqft

5.7%Median cap rate

$-90Modeled cash flow / mo

+5.3%Appreciation YoY

1.6Months of supply

5Active listings

37Sold (last 12 mo)

What the Stephenson numbers say

In Stephenson, MI, the median home sold for $168,000 (about $140 per square foot), and the typical deal models out to a 5.7% cap rate with a median $-90 of monthly cash flow. Sold prices moved +5.3% over the past year. Inventory sits at about 1.6 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 Stephenson cash-flowing listings

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