Is Grosse Pointe Park, MI a good place to invest in rental property?

Grosse Pointe Park, MI has a median modeled monthly cash flow of $-1,899 and a median cap rate of 2.4%, on a median sold price of $515,000. Prices changed +6.9% year over year.

What is the average cap rate in Grosse Pointe Park, MI?

The median cap rate across recently sold homes in Grosse Pointe Park, MI is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Grosse Pointe Park, MI?

The median sold price in Grosse Pointe Park, MI is $515,000 (about $201 per square foot).

Investing in Grosse Pointe Park, MI Real Estate

A data-driven snapshot of the Grosse Pointe Park, 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.

$515,000Median sold price

$201Median $/sqft

2.4%Median cap rate

$-1,899Modeled cash flow / mo

+6.9%Appreciation YoY

4.6Months of supply

59Active listings

155Sold (last 12 mo)

What the Grosse Pointe Park numbers say

In Grosse Pointe Park, MI, the median home sold for $515,000 (about $201 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-1,899 of monthly cash flow. Sold prices moved +6.9% over the past year. Inventory sits at about 4.6 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 Grosse Pointe Park cash-flowing listings

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