Michigan rental property
Real estate investment only. Estimates, not investment advice — and every state figure below is sourced and dated.
Rental property analysis
Cap rate, real cash flow, and cash-on-cash return — with the expenses most analyses leave out.
Hold-period total return
What five years of owning it actually returns — cash flow, the loan your tenant pays down, and the sale.
Investment cash to close
Every dollar you bring to the closing — transfer tax, who pays it in your state, recording tax, and lender reserves.
What drives returns in Michigan
- Property tax rate
- 1.19%
- Effective, on assessed value.
- Median home price
- $299,900
- Statewide.
Last updated 2026-08-20. How we source every figure