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

Lake, MI has a median modeled monthly cash flow of $-914 and a median cap rate of 2.7%, on a median sold price of $284,900. Prices changed +9.4% year over year.

What is the average cap rate in Lake, MI?

The median cap rate across recently sold homes in Lake, MI is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lake, MI?

The median sold price in Lake, MI is $284,900 (about $210 per square foot).

Investing in Lake, MI Real Estate

A data-driven snapshot of the Lake, 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.

$284,900Median sold price

$210Median $/sqft

2.7%Median cap rate

$-914Modeled cash flow / mo

+9.4%Appreciation YoY

28.3Months of supply

309Active listings

131Sold (last 12 mo)

What the Lake numbers say

In Lake, MI, the median home sold for $284,900 (about $210 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-914 of monthly cash flow. Sold prices moved +9.4% over the past year. Inventory sits at about 28.3 months of supply — a looser, buyer-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 Lake cash-flowing listings

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