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

Charlevoix, MI has a median modeled monthly cash flow of $-4,356 and a median cap rate of -0.7%, on a median sold price of $467,500. Prices changed +6.7% year over year.

What is the average cap rate in Charlevoix, MI?

The median cap rate across recently sold homes in Charlevoix, MI is -0.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Charlevoix, MI?

The median sold price in Charlevoix, MI is $467,500 (about $324 per square foot).

Investing in Charlevoix, MI Real Estate

A data-driven snapshot of the Charlevoix, 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.

$467,500Median sold price

$324Median $/sqft

-0.7%Median cap rate

$-4,356Modeled cash flow / mo

+6.7%Appreciation YoY

12.4Months of supply

33Active listings

32Sold (last 12 mo)

What the Charlevoix numbers say

In Charlevoix, MI, the median home sold for $467,500 (about $324 per square foot), and the typical deal models out to a -0.7% cap rate with a median $-4,356 of monthly cash flow. Sold prices moved +6.7% over the past year. Inventory sits at about 12.4 months of supply — a looser, buyer-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 Charlevoix cash-flowing listings

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