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

Carleton, MI has a median modeled monthly cash flow of $-472 and a median cap rate of 3.8%, on a median sold price of $290,000. Prices changed +11.5% year over year.

What is the average cap rate in Carleton, MI?

The median cap rate across recently sold homes in Carleton, MI is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Carleton, MI?

The median sold price in Carleton, MI is $290,000 (about $204 per square foot).

Investing in Carleton, MI Real Estate

A data-driven snapshot of the Carleton, 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.

$290,000Median sold price

$204Median $/sqft

3.8%Median cap rate

$-472Modeled cash flow / mo

+11.5%Appreciation YoY

5.2Months of supply

13Active listings

30Sold (last 12 mo)

What the Carleton numbers say

In Carleton, MI, the median home sold for $290,000 (about $204 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-472 of monthly cash flow. Sold prices moved +11.5% over the past year. Inventory sits at about 5.2 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 Carleton cash-flowing listings

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