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

Central Lake, MI has a median modeled monthly cash flow of $-3,101 and a median cap rate of 0.4%, on a median sold price of $295,000. Prices changed -14.4% year over year.

What is the average cap rate in Central Lake, MI?

The median cap rate across recently sold homes in Central Lake, MI is 0.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Central Lake, MI?

The median sold price in Central Lake, MI is $295,000 (about $220 per square foot).

Investing in Central Lake, MI Real Estate

A data-driven snapshot of the Central Lake, 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.

$295,000Median sold price

$220Median $/sqft

0.4%Median cap rate

$-3,101Modeled cash flow / mo

-14.4%Appreciation YoY

5.5Months of supply

28Active listings

61Sold (last 12 mo)

What the Central Lake numbers say

In Central Lake, MI, the median home sold for $295,000 (about $220 per square foot), and the typical deal models out to a 0.4% cap rate with a median $-3,101 of monthly cash flow. Sold prices moved -14.4% over the past year. Inventory sits at about 5.5 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 Central Lake cash-flowing listings

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