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

Reed City, MI has a median modeled monthly cash flow of $-375 and a median cap rate of 4.0%, on a median sold price of $166,500. Prices changed +25.5% year over year.

What is the average cap rate in Reed City, MI?

The median cap rate across recently sold homes in Reed City, MI is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Reed City, MI?

The median sold price in Reed City, MI is $166,500 (about $123 per square foot).

Investing in Reed City, MI Real Estate

A data-driven snapshot of the Reed City, 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.

$166,500Median sold price

$123Median $/sqft

4.0%Median cap rate

$-375Modeled cash flow / mo

+25.5%Appreciation YoY

6.3Months of supply

23Active listings

44Sold (last 12 mo)

What the Reed City numbers say

In Reed City, MI, the median home sold for $166,500 (about $123 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-375 of monthly cash flow. Sold prices moved +25.5% over the past year. Inventory sits at about 6.3 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 Reed City cash-flowing listings

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