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

Forest, MI has a median modeled monthly cash flow of $-726 and a median cap rate of 3.0%, on a median sold price of $257,000. Prices changed -6.1% year over year.

What is the average cap rate in Forest, MI?

The median cap rate across recently sold homes in Forest, MI is 3.0%, 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 $257,000 (about $146 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.

$257,000Median sold price

$146Median $/sqft

3.0%Median cap rate

$-726Modeled cash flow / mo

-6.1%Appreciation YoY

8.3Months of supply

34Active listings

49Sold (last 12 mo)

What the Forest numbers say

In Forest, MI, the median home sold for $257,000 (about $146 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-726 of monthly cash flow. Sold prices moved -6.1% over the past year. Inventory sits at about 8.3 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.