Is Canadian Lakes, MI a good place to invest in rental property?

Canadian Lakes, MI has a median modeled monthly cash flow of $-1,316 and a median cap rate of 2.1%, on a median sold price of $202,500. Prices changed +8.0% year over year.

What is the average cap rate in Canadian Lakes, MI?

The median cap rate across recently sold homes in Canadian Lakes, MI is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Canadian Lakes, MI?

The median sold price in Canadian Lakes, MI is $202,500 (about $175 per square foot).

Investing in Canadian Lakes, MI Real Estate

A data-driven snapshot of the Canadian Lakes, MI 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.

$202,500Median sold price

$175Median $/sqft

2.1%Median cap rate

$-1,316Modeled cash flow / mo

+8.0%Appreciation YoY

3.5Months of supply

83Active listings

282Sold (last 12 mo)

What the Canadian Lakes numbers say

In Canadian Lakes, MI, the median home sold for $202,500 (about $175 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-1,316 of monthly cash flow. Sold prices moved +8.0% over the past year. Inventory sits at about 3.5 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Canadian Lakes cash-flowing listings

CashFlowRE ranks every for-sale home in Canadian Lakes, MI 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 Canadian Lakes deals, or browse the national market data.