Is Michie, TN a good place to invest in rental property?

Michie, TN has a median modeled monthly cash flow of $-2,121 and a median cap rate of 0.8%, on a median sold price of $205,000. Prices changed -11.6% year over year.

What is the average cap rate in Michie, TN?

The median cap rate across recently sold homes in Michie, TN is 0.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Michie, TN?

The median sold price in Michie, TN is $205,000 (about $137 per square foot).

Investing in Michie, TN Real Estate

A data-driven snapshot of the Michie, TN 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.

$205,000Median sold price

$137Median $/sqft

0.8%Median cap rate

$-2,121Modeled cash flow / mo

-11.6%Appreciation YoY

4.4Months of supply

12Active listings

33Sold (last 12 mo)

What the Michie numbers say

In Michie, TN, the median home sold for $205,000 (about $137 per square foot), and the typical deal models out to a 0.8% cap rate with a median $-2,121 of monthly cash flow. Sold prices moved -11.6% over the past year. Inventory sits at about 4.4 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Michie cash-flowing listings

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