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

Caro, MI has a median modeled monthly cash flow of $-245 and a median cap rate of 5.0%, on a median sold price of $155,000. Prices changed +6.7% year over year.

What is the average cap rate in Caro, MI?

The median cap rate across recently sold homes in Caro, MI is 5.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Caro, MI?

The median sold price in Caro, MI is $155,000 (about $128 per square foot).

Investing in Caro, MI Real Estate

A data-driven snapshot of the Caro, 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.

$155,000Median sold price

$128Median $/sqft

5.0%Median cap rate

$-245Modeled cash flow / mo

+6.7%Appreciation YoY

4.1Months of supply

24Active listings

70Sold (last 12 mo)

What the Caro numbers say

In Caro, MI, the median home sold for $155,000 (about $128 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-245 of monthly cash flow. Sold prices moved +6.7% over the past year. Inventory sits at about 4.1 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 Caro cash-flowing listings

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