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

Canadian Lakes, MI has a median modeled monthly cash flow of $-1,256 and a median cap rate of 1.9%, on a median sold price of $218,000. Prices changed +12.7% 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 1.9%, 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 $218,000 (about $182 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.

$218,000Median sold price

$182Median $/sqft

1.9%Median cap rate

$-1,256Modeled cash flow / mo

+12.7%Appreciation YoY

5.4Months of supply

80Active listings

179Sold (last 12 mo)

What the Canadian Lakes numbers say

In Canadian Lakes, MI, the median home sold for $218,000 (about $182 per square foot), and the typical deal models out to a 1.9% cap rate with a median $-1,256 of monthly cash flow. Sold prices moved +12.7% over the past year. Inventory sits at about 5.4 months of supply. 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.