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

Springfield, MI has a median modeled monthly cash flow of $-1,425 and a median cap rate of 2.0%, on a median sold price of $150,000. Prices changed +18.6% year over year.

What is the average cap rate in Springfield, MI?

The median cap rate across recently sold homes in Springfield, MI is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, MI?

The median sold price in Springfield, MI is $150,000 (about $128 per square foot).

Investing in Springfield, MI Real Estate

A data-driven snapshot of the Springfield, 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.

$150,000Median sold price

$128Median $/sqft

2.0%Median cap rate

$-1,425Modeled cash flow / mo

+18.6%Appreciation YoY

23.4Months of supply

76Active listings

39Sold (last 12 mo)

What the Springfield numbers say

In Springfield, MI, the median home sold for $150,000 (about $128 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-1,425 of monthly cash flow. Sold prices moved +18.6% over the past year. Inventory sits at about 23.4 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 Springfield cash-flowing listings

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