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

Troy, MI has a median modeled monthly cash flow of $-1,042 and a median cap rate of 3.5%, on a median sold price of $440,000. Prices changed +0.0% year over year.

What is the average cap rate in Troy, MI?

The median cap rate across recently sold homes in Troy, MI is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Troy, MI?

The median sold price in Troy, MI is $440,000 (about $195 per square foot).

Investing in Troy, MI Real Estate

A data-driven snapshot of the Troy, 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.

$440,000Median sold price

$195Median $/sqft

3.5%Median cap rate

$-1,042Modeled cash flow / mo

+0.0%Appreciation YoY

9.6Months of supply

734Active listings

920Sold (last 12 mo)

What the Troy numbers say

In Troy, MI, the median home sold for $440,000 (about $195 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-1,042 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 9.6 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 Troy cash-flowing listings

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