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

Otter Lake, MI has a median modeled monthly cash flow of $-707 and a median cap rate of 3.1%, on a median sold price of $243,000. Prices changed -10.0% year over year.

What is the average cap rate in Otter Lake, MI?

The median cap rate across recently sold homes in Otter Lake, MI is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Otter Lake, MI?

The median sold price in Otter Lake, MI is $243,000 (about $148 per square foot).

Investing in Otter Lake, MI Real Estate

A data-driven snapshot of the Otter 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.

$243,000Median sold price

$148Median $/sqft

3.1%Median cap rate

$-707Modeled cash flow / mo

-10.0%Appreciation YoY

1.7Months of supply

5Active listings

35Sold (last 12 mo)

What the Otter Lake numbers say

In Otter Lake, MI, the median home sold for $243,000 (about $148 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-707 of monthly cash flow. Sold prices moved -10.0% over the past year. Inventory sits at about 1.7 months of supply — a tight, seller-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 Otter Lake cash-flowing listings

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