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 $-2,744 and a median cap rate of 0.6%, on a median sold price of $400,000. Prices changed +43.8% 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 0.6%, 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 $400,000 (about $326 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.

$400,000Median sold price

$326Median $/sqft

0.6%Median cap rate

$-2,744Modeled cash flow / mo

+43.8%Appreciation YoY

6.5Months of supply

39Active listings

72Sold (last 12 mo)

What the Manitou Beach-Devils Lake numbers say

In Manitou Beach-Devils Lake, MI, the median home sold for $400,000 (about $326 per square foot), and the typical deal models out to a 0.6% cap rate with a median $-2,744 of monthly cash flow. Sold prices moved +43.8% over the past year. Inventory sits at about 6.5 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.