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

Ferndale, MI has a median modeled monthly cash flow of $-392 and a median cap rate of 4.5%, on a median sold price of $265,000. Prices changed +0.0% year over year.

What is the average cap rate in Ferndale, MI?

The median cap rate across recently sold homes in Ferndale, MI is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ferndale, MI?

The median sold price in Ferndale, MI is $265,000 (about $212 per square foot).

Investing in Ferndale, MI Real Estate

A data-driven snapshot of the Ferndale, 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.

$265,000Median sold price

$212Median $/sqft

4.5%Median cap rate

$-392Modeled cash flow / mo

+0.0%Appreciation YoY

5.6Months of supply

196Active listings

423Sold (last 12 mo)

What the Ferndale numbers say

In Ferndale, MI, the median home sold for $265,000 (about $212 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-392 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 5.6 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 Ferndale cash-flowing listings

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