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

Plainfield, MI has a median modeled monthly cash flow of $-898 and a median cap rate of 3.0%, on a median sold price of $435,000. Prices changed +4.1% year over year.

What is the average cap rate in Plainfield, MI?

The median cap rate across recently sold homes in Plainfield, MI is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Plainfield, MI?

The median sold price in Plainfield, MI is $435,000 (about $205 per square foot).

Investing in Plainfield, MI Real Estate

A data-driven snapshot of the Plainfield, 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.

$435,000Median sold price

$205Median $/sqft

3.0%Median cap rate

$-898Modeled cash flow / mo

+4.1%Appreciation YoY

12.8Months of supply

252Active listings

236Sold (last 12 mo)

What the Plainfield numbers say

In Plainfield, MI, the median home sold for $435,000 (about $205 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-898 of monthly cash flow. Sold prices moved +4.1% over the past year. Inventory sits at about 12.8 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 Plainfield cash-flowing listings

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