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

Indian River, MI has a median modeled monthly cash flow of $-1,577 and a median cap rate of 1.5%, on a median sold price of $246,500. Prices changed +13.3% year over year.

What is the average cap rate in Indian River, MI?

The median cap rate across recently sold homes in Indian River, MI is 1.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Indian River, MI?

The median sold price in Indian River, MI is $246,500 (about $222 per square foot).

Investing in Indian River, MI Real Estate

A data-driven snapshot of the Indian River, 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.

$246,500Median sold price

$222Median $/sqft

1.5%Median cap rate

$-1,577Modeled cash flow / mo

+13.3%Appreciation YoY

5.9Months of supply

51Active listings

103Sold (last 12 mo)

What the Indian River numbers say

In Indian River, MI, the median home sold for $246,500 (about $222 per square foot), and the typical deal models out to a 1.5% cap rate with a median $-1,577 of monthly cash flow. Sold prices moved +13.3% over the past year. Inventory sits at about 5.9 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 Indian River cash-flowing listings

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