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

Summit, MI has a median modeled monthly cash flow of $-745 and a median cap rate of 3.1%, on a median sold price of $253,500. Prices changed +9.7% year over year.

What is the average cap rate in Summit, MI?

The median cap rate across recently sold homes in Summit, MI is 3.1%, 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 $253,500 (about $147 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.

$253,500Median sold price

$147Median $/sqft

3.1%Median cap rate

$-745Modeled cash flow / mo

+9.7%Appreciation YoY

11.3Months of supply

255Active listings

271Sold (last 12 mo)

What the Summit numbers say

In Summit, MI, the median home sold for $253,500 (about $147 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-745 of monthly cash flow. Sold prices moved +9.7% over the past year. Inventory sits at about 11.3 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.