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

Spring Lake, MI has a median modeled monthly cash flow of $-1,937 and a median cap rate of 1.9%, on a median sold price of $450,000. Prices changed +5.9% year over year.

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

The median cap rate across recently sold homes in Spring Lake, MI is 1.9%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Spring Lake, MI is $450,000 (about $223 per square foot).

Investing in Spring Lake, MI Real Estate

A data-driven snapshot of the Spring 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.

$450,000Median sold price

$223Median $/sqft

1.9%Median cap rate

$-1,937Modeled cash flow / mo

+5.9%Appreciation YoY

6.8Months of supply

175Active listings

310Sold (last 12 mo)

What the Spring Lake numbers say

In Spring Lake, MI, the median home sold for $450,000 (about $223 per square foot), and the typical deal models out to a 1.9% cap rate with a median $-1,937 of monthly cash flow. Sold prices moved +5.9% over the past year. Inventory sits at about 6.8 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 Spring Lake cash-flowing listings

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