Is Shorewood-Tower Hills-Harbert, MI a good place to invest in rental property?

Shorewood-Tower Hills-Harbert, MI has a median modeled monthly cash flow of $-3,163 and a median cap rate of 0.5%, on a median sold price of $719,000. Prices changed +7.7% year over year.

What is the average cap rate in Shorewood-Tower Hills-Harbert, MI?

The median cap rate across recently sold homes in Shorewood-Tower Hills-Harbert, MI is 0.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Shorewood-Tower Hills-Harbert, MI?

The median sold price in Shorewood-Tower Hills-Harbert, MI is $719,000 (about $420 per square foot).

Investing in Shorewood-Tower Hills-Harbert, MI Real Estate

A data-driven snapshot of the Shorewood-Tower Hills-Harbert, 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.

$719,000Median sold price

$420Median $/sqft

0.5%Median cap rate

$-3,163Modeled cash flow / mo

+7.7%Appreciation YoY

8.4Months of supply

33Active listings

47Sold (last 12 mo)

What the Shorewood-Tower Hills-Harbert numbers say

In Shorewood-Tower Hills-Harbert, MI, the median home sold for $719,000 (about $420 per square foot), and the typical deal models out to a 0.5% cap rate with a median $-3,163 of monthly cash flow. Sold prices moved +7.7% over the past year. Inventory sits at about 8.4 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 Shorewood-Tower Hills-Harbert cash-flowing listings

CashFlowRE ranks every for-sale home in Shorewood-Tower Hills-Harbert, 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 Shorewood-Tower Hills-Harbert deals, or browse the national market data.