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Cap Rate Analysis: Flint, MI

Investment metrics, interactive calculators, and data-driven analysis for Flint rental properties.

Strong investment fundamentals
Based on $85,000 median price and $720/mo median rent
Est. Cap Rate
7.01%
1% Rule
0.85%
Fails
GRM
9.8x
Price / Income
2.8x

Market Data

Median Home Price$85,000
Median Monthly Rent$720
Property Tax Rate1.52%
Population97,000
Population Growth-0.5% / yr
Median Household Income$30,200
Vacancy Rate8.2%
Annual Appreciation1.5%

Cap Rate Calculator — Flint

Pre-filled with Flint medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.52% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
5.58%Moderate
Net Operating Income ÷ Purchase Price
NOI / Year
$4,740
net operating income
Gross Rent Multiplier
9.8x
Good (<15)
1% Rule
0.85%
✗ Fails
Monthly Cash Flow
$395
before debt service
Annual Breakdown
Gross Rental Income$8,640
Less Vacancy−$708
Effective Income$7,932
Less Operating Expenses−$3,192
Net Operating Income$4,740

Cash-on-Cash Return — Flint

Factor in financing to see your actual return on invested capital in Flint.

$
$21,250
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
0.12%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$23,800
$21,250 down + $2,550 closing
Monthly Mortgage
$416
on $64K loan
Monthly Cash Flow
$2
after all expenses
Annual Cash Flow
$29
before taxes
Cash Flow Breakdown
Monthly Rent$720
Less Expenses−$302
Less Mortgage−$416
Monthly Cash Flow$2

Is Flint a Good Place to Invest in Rental Property?

Flint, MI has a population of 97,000 and has been growing at -0.5% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $85,000 paired with median rents of $720/mo produces an estimated cap rate of 7.01%.

Property taxes at 1.52% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 8.2% runs above average, which increases cash flow volatility and warrants conservative underwriting.

At a price-to-income ratio of 2.8x, homes cost about 2.8 times the local median income of $30,200. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 1.5% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: Flint offers attractive fundamentals for rental investors. and cap rates above 6% put it in the upper tier of investable markets.

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