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

Richfield, MI has a median modeled monthly cash flow of $-710 and a median cap rate of 2.8%, on a median sold price of $240,000. Prices changed +10.0% year over year.

What is the average cap rate in Richfield, MI?

The median cap rate across recently sold homes in Richfield, MI is 2.8%, 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

2.8%Median cap rate

$-710Modeled cash flow / mo

+10.0%Appreciation YoY

9.3Months of supply

100Active listings

129Sold (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 2.8% cap rate with a median $-710 of monthly cash flow. Sold prices moved +10.0% over the past year. Inventory sits at about 9.3 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.