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

New Buffalo, MI has a median modeled monthly cash flow of $-3,552 and a median cap rate of 1.1%, on a median sold price of $618,000. Prices changed +8.0% year over year.

What is the average cap rate in New Buffalo, MI?

The median cap rate across recently sold homes in New Buffalo, MI is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New Buffalo, MI?

The median sold price in New Buffalo, MI is $618,000 (about $393 per square foot).

Investing in New Buffalo, MI Real Estate

A data-driven snapshot of the New Buffalo, 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.

$618,000Median sold price

$393Median $/sqft

1.1%Median cap rate

$-3,552Modeled cash flow / mo

+8.0%Appreciation YoY

14.4Months of supply

164Active listings

137Sold (last 12 mo)

What the New Buffalo numbers say

In New Buffalo, MI, the median home sold for $618,000 (about $393 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-3,552 of monthly cash flow. Sold prices moved +8.0% over the past year. Inventory sits at about 14.4 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 New Buffalo cash-flowing listings

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