Is Algoma, WI a good place to invest in rental property?

Algoma, WI has a median modeled monthly cash flow of $-1,189 and a median cap rate of 2.2%, on a median sold price of $325,000. Prices changed +6.2% year over year.

What is the average cap rate in Algoma, WI?

The median cap rate across recently sold homes in Algoma, WI is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Algoma, WI?

The median sold price in Algoma, WI is $325,000 (about $171 per square foot).

Investing in Algoma, WI Real Estate

A data-driven snapshot of the Algoma, WI 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.

$325,000Median sold price

$171Median $/sqft

2.2%Median cap rate

$-1,189Modeled cash flow / mo

+6.2%Appreciation YoY

6.8Months of supply

64Active listings

113Sold (last 12 mo)

What the Algoma numbers say

In Algoma, WI, the median home sold for $325,000 (about $171 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-1,189 of monthly cash flow. Sold prices moved +6.2% over the past year. Inventory sits at about 6.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Wisconsin markets to compare

See Algoma cash-flowing listings

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