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

Manistique, MI has a median modeled monthly cash flow of $-76 and a median cap rate of 5.6%, on a median sold price of $125,000. Prices changed -0.8% year over year.

What is the average cap rate in Manistique, MI?

The median cap rate across recently sold homes in Manistique, MI is 5.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Manistique, MI?

The median sold price in Manistique, MI is $125,000 (about $126 per square foot).

Investing in Manistique, MI Real Estate

A data-driven snapshot of the Manistique, 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.

$125,000Median sold price

$126Median $/sqft

5.6%Median cap rate

$-76Modeled cash flow / mo

-0.8%Appreciation YoY

4.6Months of supply

55Active listings

142Sold (last 12 mo)

What the Manistique numbers say

In Manistique, MI, the median home sold for $125,000 (about $126 per square foot), and the typical deal models out to a 5.6% cap rate with a median $-76 of monthly cash flow. Sold prices moved -0.8% over the past year. Inventory sits at about 4.6 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 Manistique cash-flowing listings

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