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

Lewiston, MI has a median modeled monthly cash flow of $-278 and a median cap rate of 4.3%, on a median sold price of $158,500. Prices changed +2.0% year over year.

What is the average cap rate in Lewiston, MI?

The median cap rate across recently sold homes in Lewiston, MI is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lewiston, MI?

The median sold price in Lewiston, MI is $158,500 (about $150 per square foot).

Investing in Lewiston, MI Real Estate

A data-driven snapshot of the Lewiston, 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.

$158,500Median sold price

$150Median $/sqft

4.3%Median cap rate

$-278Modeled cash flow / mo

+2.0%Appreciation YoY

0.5Months of supply

8Active listings

208Sold (last 12 mo)

What the Lewiston numbers say

In Lewiston, MI, the median home sold for $158,500 (about $150 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-278 of monthly cash flow. Sold prices moved +2.0% 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 Lewiston cash-flowing listings

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