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

Luther, MI has a median modeled monthly cash flow of $-653 and a median cap rate of 3.5%, on a median sold price of $120,000. Prices changed +21.4% year over year.

What is the average cap rate in Luther, MI?

The median cap rate across recently sold homes in Luther, MI is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Luther, MI?

The median sold price in Luther, MI is $120,000 (about $156 per square foot).

Investing in Luther, MI Real Estate

A data-driven snapshot of the Luther, 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.

$120,000Median sold price

$156Median $/sqft

3.5%Median cap rate

$-653Modeled cash flow / mo

+21.4%Appreciation YoY

2.0Months of supply

11Active listings

65Sold (last 12 mo)

What the Luther numbers say

In Luther, MI, the median home sold for $120,000 (about $156 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-653 of monthly cash flow. Sold prices moved +21.4% over the past year. Inventory sits at about 2.0 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 Luther cash-flowing listings

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