RentalCalcs
ToolsMarket MapMy DealsPricingBlog
Start Free
RentalCalcs

Professional real estate investment calculators to help you analyze deals faster and make confident investment decisions.

Product

  • Tools
  • Market Map
  • Pricing
  • Blog
  • About

Legal

  • Terms of Service
  • Privacy Policy
  • Contact

© 2025 RentalCalcs. All rights reserved.

Market MapMichiganAllegan

Allegan County

MichiganPopulation: 120,189
60
/100
Buy
#506 of 1,000 counties
#63 in Michigan (83 counties)

Market Snapshot

$333,542
Median Home Price
22% above national median
$1,391/mo
Median Rent
7% below national median
5.01%
Rent-to-Price Ratio
Top 75% nationally
-$844
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

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

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$333,542
Down Payment (20%)$66,708
Loan Amount$266,834
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,391
Monthly P&I-$1,748
Est. Expenses (35%)-$487
Net Cash Flow-$844/mo
3.3%
Cap Rate (all cash)
-13.2%
Cash-on-Cash Return
5.01%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.3% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
60/100
60
Cash Flow(30%)
45/100

Based on 5.01% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
86/100

Based on 5.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
64/100

Price-to-income ratio of 4.4x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Strong price appreciation (+5.1% YoY)
  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (5.01%)
  • -Negative cash flow at typical financing (-$844/mo)
  • -Negative leverage (cap rate 3.3% < mortgage rate 6.9%)

Economic Indicators

Population
120,189
Median Income
$75,543
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
4.4x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
Saint ClairMI
63$246,890$1,1025.36%BuyView
LapeerMI
62$280,839$1,1885.08%BuyView
OttawaMI
61$376,990$1,7115.45%BuyView
IsabellaMI
61$214,416$1,2426.95%BuyView
CurrentAlleganMI
60$333,542$1,3915.01%Buy
Van BurenMI
60$256,887$1,6267.59%BuyView

The Bottom Line

BuyAllegan offers solid investment potential with good cash flow or appreciation prospects.

Allegan County in Michigan scores 60/100, ranking #506 of 1,000 US counties (top 50%). The 5.01% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-844/mo
Cap Rate
3.3%
Cash-on-Cash
-13.2%

Ready to Analyze a Deal in Allegan?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRRHouse HackOwner-occupied strategyMultifamily5+ unit properties
Explore Other Markets