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

Luna Pier, MI has a median modeled monthly cash flow of $-1,036 and a median cap rate of 2.6%, on a median sold price of $200,500. Prices changed +14.1% year over year.

What is the average cap rate in Luna Pier, MI?

The median cap rate across recently sold homes in Luna Pier, MI is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Luna Pier, MI?

The median sold price in Luna Pier, MI is $200,500 (about $154 per square foot).

Investing in Luna Pier, MI Real Estate

A data-driven snapshot of the Luna Pier, 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.

$200,500Median sold price

$154Median $/sqft

2.6%Median cap rate

$-1,036Modeled cash flow / mo

+14.1%Appreciation YoY

1.9Months of supply

10Active listings

62Sold (last 12 mo)

What the Luna Pier numbers say

In Luna Pier, MI, the median home sold for $200,500 (about $154 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,036 of monthly cash flow. Sold prices moved +14.1% over the past year. Inventory sits at about 1.9 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 Luna Pier cash-flowing listings

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