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

Southgate, MI has a median modeled monthly cash flow of $-211 and a median cap rate of 5.2%, on a median sold price of $210,000. Prices changed +5.1% year over year.

What is the average cap rate in Southgate, MI?

The median cap rate across recently sold homes in Southgate, MI is 5.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Southgate, MI?

The median sold price in Southgate, MI is $210,000 (about $133 per square foot).

Investing in Southgate, MI Real Estate

A data-driven snapshot of the Southgate, 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.

$210,000Median sold price

$133Median $/sqft

5.2%Median cap rate

$-211Modeled cash flow / mo

+5.1%Appreciation YoY

4.1Months of supply

121Active listings

357Sold (last 12 mo)

What the Southgate numbers say

In Southgate, MI, the median home sold for $210,000 (about $133 per square foot), and the typical deal models out to a 5.2% cap rate with a median $-211 of monthly cash flow. Sold prices moved +5.1% over the past year. Inventory sits at about 4.1 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 Southgate cash-flowing listings

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