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

Thomas, MI has a median modeled monthly cash flow of $-355 and a median cap rate of 4.4%, on a median sold price of $259,900. Prices changed -16.1% year over year.

What is the average cap rate in Thomas, MI?

The median cap rate across recently sold homes in Thomas, MI is 4.4%, 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 $259,900 (about $141 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.

$259,900Median sold price

$141Median $/sqft

4.4%Median cap rate

$-355Modeled cash flow / mo

-16.1%Appreciation YoY

12.7Months of supply

58Active listings

55Sold (last 12 mo)

What the Thomas numbers say

In Thomas, MI, the median home sold for $259,900 (about $141 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-355 of monthly cash flow. Sold prices moved -16.1% over the past year. Inventory sits at about 12.7 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.