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

Summit, MI has a median modeled monthly cash flow of $-691 and a median cap rate of 3.2%, on a median sold price of $250,000. Prices changed +8.1% year over year.

What is the average cap rate in Summit, MI?

The median cap rate across recently sold homes in Summit, MI is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Summit, MI?

The median sold price in Summit, MI is $250,000 (about $146 per square foot).

Investing in Summit, MI Real Estate

A data-driven snapshot of the Summit, 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

$146Median $/sqft

3.2%Median cap rate

$-691Modeled cash flow / mo

+8.1%Appreciation YoY

8.9Months of supply

200Active listings

269Sold (last 12 mo)

What the Summit numbers say

In Summit, MI, the median home sold for $250,000 (about $146 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-691 of monthly cash flow. Sold prices moved +8.1% over the past year. Inventory sits at about 8.9 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 Summit cash-flowing listings

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