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

Harvey, MI has a median modeled monthly cash flow of $-1,103 and a median cap rate of 3.2%, on a median sold price of $350,000. Prices changed +7.0% year over year.

What is the average cap rate in Harvey, MI?

The median cap rate across recently sold homes in Harvey, MI is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Harvey, MI?

The median sold price in Harvey, MI is $350,000 (about $261 per square foot).

Investing in Harvey, MI Real Estate

A data-driven snapshot of the Harvey, 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.

$350,000Median sold price

$261Median $/sqft

3.2%Median cap rate

$-1,103Modeled cash flow / mo

+7.0%Appreciation YoY

4.8Months of supply

18Active listings

45Sold (last 12 mo)

What the Harvey numbers say

In Harvey, MI, the median home sold for $350,000 (about $261 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,103 of monthly cash flow. Sold prices moved +7.0% over the past year. Inventory sits at about 4.8 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 Harvey cash-flowing listings

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