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

Thomas, MI has a median modeled monthly cash flow of $-555 and a median cap rate of 3.6%, on a median sold price of $282,000. Prices changed -10.6% year over year.

What is the average cap rate in Thomas, MI?

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

What is the median home price in Thomas, MI?

The median sold price in Thomas, MI is $282,000 (about $139 per square foot).

Investing in Thomas, MI Real Estate

A data-driven snapshot of the Thomas, 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.

$282,000Median sold price

$139Median $/sqft

3.6%Median cap rate

$-555Modeled cash flow / mo

-10.6%Appreciation YoY

21.6Months of supply

101Active listings

56Sold (last 12 mo)

What the Thomas numbers say

In Thomas, MI, the median home sold for $282,000 (about $139 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-555 of monthly cash flow. Sold prices moved -10.6% over the past year. Inventory sits at about 21.6 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 Thomas cash-flowing listings

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