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

Forest Hills, MI has a median modeled monthly cash flow of $-2,236 and a median cap rate of 2.3%, on a median sold price of $621,500. Prices changed +6.3% year over year.

What is the average cap rate in Forest Hills, MI?

The median cap rate across recently sold homes in Forest Hills, MI is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Forest Hills, MI?

The median sold price in Forest Hills, MI is $621,500 (about $228 per square foot).

Investing in Forest Hills, MI Real Estate

A data-driven snapshot of the Forest Hills, 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.

$621,500Median sold price

$228Median $/sqft

2.3%Median cap rate

$-2,236Modeled cash flow / mo

+6.3%Appreciation YoY

5.4Months of supply

166Active listings

372Sold (last 12 mo)

What the Forest Hills numbers say

In Forest Hills, MI, the median home sold for $621,500 (about $228 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-2,236 of monthly cash flow. Sold prices moved +6.3% over the past year. Inventory sits at about 5.4 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 Forest Hills cash-flowing listings

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