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

Skidway Lake, MI has a median modeled monthly cash flow of $135 and a median cap rate of 7.8%, on a median sold price of $85,000. Prices changed -1.6% year over year.

What is the average cap rate in Skidway Lake, MI?

The median cap rate across recently sold homes in Skidway Lake, MI is 7.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Skidway Lake, MI?

The median sold price in Skidway Lake, MI is $85,000 (about $122 per square foot).

Investing in Skidway Lake, MI Real Estate

#169 cash-flow market in the U.S.

A data-driven snapshot of the Skidway Lake, 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.

$85,000Median sold price

$122Median $/sqft

7.8%Median cap rate

$135Modeled cash flow / mo

-1.6%Appreciation YoY

5.9Months of supply

49Active listings

99Sold (last 12 mo)

What the Skidway Lake numbers say

In Skidway Lake, MI, the median home sold for $85,000 (about $122 per square foot), and the typical deal models out to a 7.8% cap rate with a median $135 of monthly cash flow. Sold prices moved -1.6% over the past year. Inventory sits at about 5.9 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 Skidway Lake cash-flowing listings

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