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

Lake Leelanau, MI has a median modeled monthly cash flow of $-3,193 and a median cap rate of 0.9%, on a median sold price of $735,000. Prices changed -15.6% year over year.

What is the average cap rate in Lake Leelanau, MI?

The median cap rate across recently sold homes in Lake Leelanau, MI is 0.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lake Leelanau, MI?

The median sold price in Lake Leelanau, MI is $735,000 (about $407 per square foot).

Investing in Lake Leelanau, MI Real Estate

A data-driven snapshot of the Lake Leelanau, 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.

$735,000Median sold price

$407Median $/sqft

0.9%Median cap rate

$-3,193Modeled cash flow / mo

-15.6%Appreciation YoY

1.1Months of supply

3Active listings

34Sold (last 12 mo)

What the Lake Leelanau numbers say

In Lake Leelanau, MI, the median home sold for $735,000 (about $407 per square foot), and the typical deal models out to a 0.9% cap rate with a median $-3,193 of monthly cash flow. Sold prices moved -15.6% over the past year. Inventory sits at about 1.1 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 Lake Leelanau cash-flowing listings

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