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

Richfield, MI has a median modeled monthly cash flow of $-565 and a median cap rate of 3.5%, on a median sold price of $240,000. Prices changed +9.2% year over year.

What is the average cap rate in Richfield, MI?

The median cap rate across recently sold homes in Richfield, MI is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Richfield, MI?

The median sold price in Richfield, MI is $240,000 (about $149 per square foot).

Investing in Richfield, MI Real Estate

A data-driven snapshot of the Richfield, 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.

$240,000Median sold price

$149Median $/sqft

3.5%Median cap rate

$-565Modeled cash flow / mo

+9.2%Appreciation YoY

12.0Months of supply

124Active listings

124Sold (last 12 mo)

What the Richfield numbers say

In Richfield, MI, the median home sold for $240,000 (about $149 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-565 of monthly cash flow. Sold prices moved +9.2% over the past year. Inventory sits at about 12.0 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 Richfield cash-flowing listings

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