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

Sullivan, MI has a median modeled monthly cash flow of $-1,645 and a median cap rate of 1.6%, on a median sold price of $250,000. Prices changed +24.7% year over year.

What is the average cap rate in Sullivan, MI?

The median cap rate across recently sold homes in Sullivan, MI is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sullivan, MI?

The median sold price in Sullivan, MI is $250,000 (about $220 per square foot).

Investing in Sullivan, MI Real Estate

A data-driven snapshot of the Sullivan, 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.

$250,000Median sold price

$220Median $/sqft

1.6%Median cap rate

$-1,645Modeled cash flow / mo

+24.7%Appreciation YoY

6.9Months of supply

24Active listings

42Sold (last 12 mo)

What the Sullivan numbers say

In Sullivan, MI, the median home sold for $250,000 (about $220 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-1,645 of monthly cash flow. Sold prices moved +24.7% over the past year. Inventory sits at about 6.9 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 Sullivan cash-flowing listings

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