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

Franklin, MI has a median modeled monthly cash flow of $-1,893 and a median cap rate of 2.0%, on a median sold price of $685,000. Prices changed -1.6% year over year.

What is the average cap rate in Franklin, MI?

The median cap rate across recently sold homes in Franklin, MI is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Franklin, MI?

The median sold price in Franklin, MI is $685,000 (about $214 per square foot).

Investing in Franklin, MI Real Estate

A data-driven snapshot of the Franklin, 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.

$685,000Median sold price

$214Median $/sqft

2.0%Median cap rate

$-1,893Modeled cash flow / mo

-1.6%Appreciation YoY

3.3Months of supply

43Active listings

157Sold (last 12 mo)

What the Franklin numbers say

In Franklin, MI, the median home sold for $685,000 (about $214 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-1,893 of monthly cash flow. Sold prices moved -1.6% over the past year. Inventory sits at about 3.3 months of supply — a tight, seller-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 Franklin cash-flowing listings

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