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

Forest, MI has a median modeled monthly cash flow of $-593 and a median cap rate of 3.5%, on a median sold price of $275,500. Prices changed -4.4% year over year.

What is the average cap rate in Forest, MI?

The median cap rate across recently sold homes in Forest, MI is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Forest, MI?

The median sold price in Forest, MI is $275,500 (about $150 per square foot).

Investing in Forest, MI Real Estate

A data-driven snapshot of the Forest, 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.

$275,500Median sold price

$150Median $/sqft

3.5%Median cap rate

$-593Modeled cash flow / mo

-4.4%Appreciation YoY

12.0Months of supply

52Active listings

52Sold (last 12 mo)

What the Forest numbers say

In Forest, MI, the median home sold for $275,500 (about $150 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-593 of monthly cash flow. Sold prices moved -4.4% over the past year. Inventory sits at about 12.0 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 Forest cash-flowing listings

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