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

Colfax, MI has a median modeled monthly cash flow of $-1,106 and a median cap rate of 2.5%, on a median sold price of $226,798. Prices changed -5.4% year over year.

What is the average cap rate in Colfax, MI?

The median cap rate across recently sold homes in Colfax, MI is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Colfax, MI?

The median sold price in Colfax, MI is $226,798 (about $157 per square foot).

Investing in Colfax, MI Real Estate

A data-driven snapshot of the Colfax, 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.

$226,798Median sold price

$157Median $/sqft

2.5%Median cap rate

$-1,106Modeled cash flow / mo

-5.4%Appreciation YoY

10.5Months of supply

42Active listings

48Sold (last 12 mo)

What the Colfax numbers say

In Colfax, MI, the median home sold for $226,798 (about $157 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,106 of monthly cash flow. Sold prices moved -5.4% over the past year. Inventory sits at about 10.5 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 Colfax cash-flowing listings

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