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

Manistee, MI has a median modeled monthly cash flow of $-606 and a median cap rate of 3.2%, on a median sold price of $230,000. Prices changed +18.3% year over year.

What is the average cap rate in Manistee, MI?

The median cap rate across recently sold homes in Manistee, MI is 3.2%, 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

3.2%Median cap rate

$-606Modeled cash flow / mo

+18.3%Appreciation YoY

9.4Months of supply

105Active listings

134Sold (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 3.2% cap rate with a median $-606 of monthly cash flow. Sold prices moved +18.3% over the past year. Inventory sits at about 9.4 months of supply — a looser, buyer-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 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.