Is Lakes of the North, MI a good place to invest in rental property?

Lakes of the North, MI has a median modeled monthly cash flow of $-870 and a median cap rate of 2.4%, on a median sold price of $134,000. Prices changed +0.9% year over year.

What is the average cap rate in Lakes of the North, MI?

The median cap rate across recently sold homes in Lakes of the North, MI is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lakes of the North, MI?

The median sold price in Lakes of the North, MI is $134,000 (about $164 per square foot).

Investing in Lakes of the North, MI Real Estate

A data-driven snapshot of the Lakes of the North, 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.

$134,000Median sold price

$164Median $/sqft

2.4%Median cap rate

$-870Modeled cash flow / mo

+0.9%Appreciation YoY

0.5Months of supply

7Active listings

172Sold (last 12 mo)

What the Lakes of the North numbers say

In Lakes of the North, MI, the median home sold for $134,000 (about $164 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-870 of monthly cash flow. Sold prices moved +0.9% over the past year. Inventory sits at about 0.5 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 Lakes of the North cash-flowing listings

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