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

Plainfield, MI has a median modeled monthly cash flow of $-929 and a median cap rate of 3.1%, on a median sold price of $402,500. Prices changed -4.6% year over year.

What is the average cap rate in Plainfield, MI?

The median cap rate across recently sold homes in Plainfield, MI is 3.1%, 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 $402,500 (about $196 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.

$402,500Median sold price

$196Median $/sqft

3.1%Median cap rate

$-929Modeled cash flow / mo

-4.6%Appreciation YoY

16.8Months of supply

404Active listings

288Sold (last 12 mo)

What the Plainfield numbers say

In Plainfield, MI, the median home sold for $402,500 (about $196 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-929 of monthly cash flow. Sold prices moved -4.6% over the past year. Inventory sits at about 16.8 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.