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

Manistee, MI has a median modeled monthly cash flow of $-600 and a median cap rate of 3.0%, on a median sold price of $230,000. Prices changed +10.2% year over year.

What is the average cap rate in Manistee, MI?

The median cap rate across recently sold homes in Manistee, MI is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Manistee, MI?

The median sold price in Manistee, MI is $230,000 (about $168 per square foot).

Investing in Manistee, MI Real Estate

A data-driven snapshot of the Manistee, 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.

$230,000Median sold price

$168Median $/sqft

3.0%Median cap rate

$-600Modeled cash flow / mo

+10.2%Appreciation YoY

6.7Months of supply

85Active listings

152Sold (last 12 mo)

What the Manistee numbers say

In Manistee, MI, the median home sold for $230,000 (about $168 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-600 of monthly cash flow. Sold prices moved +10.2% over the past year. Inventory sits at about 6.7 months of supply. 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 Manistee cash-flowing listings

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