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

Thornapple, MI has a median modeled monthly cash flow of $-1,177 and a median cap rate of 2.3%, on a median sold price of $438,200. Prices changed +4.5% year over year.

What is the average cap rate in Thornapple, MI?

The median cap rate across recently sold homes in Thornapple, MI is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Thornapple, MI?

The median sold price in Thornapple, MI is $438,200 (about $211 per square foot).

Investing in Thornapple, MI Real Estate

A data-driven snapshot of the Thornapple, 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.

$438,200Median sold price

$211Median $/sqft

2.3%Median cap rate

$-1,177Modeled cash flow / mo

+4.5%Appreciation YoY

8.6Months of supply

30Active listings

42Sold (last 12 mo)

What the Thornapple numbers say

In Thornapple, MI, the median home sold for $438,200 (about $211 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,177 of monthly cash flow. Sold prices moved +4.5% over the past year. Inventory sits at about 8.6 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 Thornapple cash-flowing listings

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