Is Mill Bay, AK a good place to invest in rental property?

Mill Bay, AK has a median modeled monthly cash flow of $-1,713 and a median cap rate of 2.4%, on a median sold price of $510,000. Prices changed -3.1% year over year.

What is the average cap rate in Mill Bay, AK?

The median cap rate across recently sold homes in Mill Bay, AK is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mill Bay, AK?

The median sold price in Mill Bay, AK is $510,000 (about $285 per square foot).

Investing in Mill Bay, AK Real Estate

A data-driven snapshot of the Mill Bay, AK 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.

$510,000Median sold price

$285Median $/sqft

2.4%Median cap rate

$-1,713Modeled cash flow / mo

-3.1%Appreciation YoY

4.3Months of supply

11Active listings

31Sold (last 12 mo)

What the Mill Bay numbers say

In Mill Bay, AK, the median home sold for $510,000 (about $285 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-1,713 of monthly cash flow. Sold prices moved -3.1% over the past year. Inventory sits at about 4.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Alaska markets to compare

See Mill Bay cash-flowing listings

CashFlowRE ranks every for-sale home in Mill Bay, AK 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 Mill Bay deals, or browse the national market data.