Metropolitan Area

Mount Pleasant, MI

Michigan0
66
/100
Buy
#329 of 894 metros
Top 37% nationally for investing

Market Snapshot

$230,989
Median Home Price
9% below national median
$1,023/mo
Median Rent
26% below national median
5.31%
Rent-to-Price Ratio
Top 67% nationally
-$546
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

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20%
5%50%100%

Purchase

Purchase Price$230,989
Down Payment (20%)$46,198
Loan Amount$184,791
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,023
Monthly P&I-$1,211
Est. Expenses (35%)-$358
Net Cash Flow-$546/mo
3.5%
Cap Rate (all cash)
-12.3%
Cash-on-Cash Return
5.31%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.5% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

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Score Breakdown

Overall Investment Score
66/100
66
Cash Flow(30%)
50/100

Based on 5.31% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
92/100

Based on 7.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
81/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Strong price appreciation (+7.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$546/mo)
  • -Negative leverage (cap rate 3.5% < mortgage rate 6.9%)

Counties in Mount Pleasant, MI

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Coffeyville, KS
Coffeyville, KS
85$101,366$86210.20%Strong BuyView
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Current
Mount Pleasant, MI
66$230,989$1,0235.31%Buy

The Bottom Line

BuyMount Pleasant, MI offers solid investment potential with good cash flow or appreciation prospects.

The Mount Pleasant, MI metro area scores 66/100, ranking #329 of 894 US metros (top 37%). The 5.31% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-546/mo
Cap Rate
3.5%
Cash-on-Cash
-14.2%

Ready to Invest in Mount Pleasant, MI?

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