Is Manitou Beach-Devils Lake, MI a good place to invest in rental property?

Manitou Beach-Devils Lake, MI has a median modeled monthly cash flow of $-2,962 and a median cap rate of 0.5%, on a median sold price of $355,000. Prices changed +20.3% year over year.

What is the average cap rate in Manitou Beach-Devils Lake, MI?

The median cap rate across recently sold homes in Manitou Beach-Devils Lake, MI is 0.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Manitou Beach-Devils Lake, MI?

The median sold price in Manitou Beach-Devils Lake, MI is $355,000 (about $284 per square foot).

Investing in Manitou Beach-Devils Lake, MI Real Estate

A data-driven snapshot of the Manitou Beach-Devils Lake, 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.

$355,000Median sold price

$284Median $/sqft

0.5%Median cap rate

$-2,962Modeled cash flow / mo

+20.3%Appreciation YoY

6.2Months of supply

40Active listings

77Sold (last 12 mo)

What the Manitou Beach-Devils Lake numbers say

In Manitou Beach-Devils Lake, MI, the median home sold for $355,000 (about $284 per square foot), and the typical deal models out to a 0.5% cap rate with a median $-2,962 of monthly cash flow. Sold prices moved +20.3% over the past year. Inventory sits at about 6.2 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 Manitou Beach-Devils Lake cash-flowing listings

CashFlowRE ranks every for-sale home in Manitou Beach-Devils Lake, 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 Manitou Beach-Devils Lake deals, or browse the national market data.