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

Shelby, MI has a median modeled monthly cash flow of $-1,104 and a median cap rate of 3.1%, on a median sold price of $400,000. Prices changed +4.7% year over year.

What is the average cap rate in Shelby, MI?

The median cap rate across recently sold homes in Shelby, MI is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Shelby, MI?

The median sold price in Shelby, MI is $400,000 (about $177 per square foot).

Investing in Shelby, MI Real Estate

A data-driven snapshot of the Shelby, 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.

$400,000Median sold price

$177Median $/sqft

3.1%Median cap rate

$-1,104Modeled cash flow / mo

+4.7%Appreciation YoY

8.5Months of supply

730Active listings

1,032Sold (last 12 mo)

What the Shelby numbers say

In Shelby, MI, the median home sold for $400,000 (about $177 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,104 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 8.5 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.

🔨 See 5 fix-and-flip deals in Shelby — listings where the estimated after-repair value beats list price + rehab.

Other Michigan markets to compare

See Shelby cash-flowing listings

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