Is Village of Grosse Pointe Shores, MI a good place to invest in rental property?

Village of Grosse Pointe Shores, MI has a median modeled monthly cash flow of $-4,802 and a median cap rate of 0.7%, on a median sold price of $887,500. Prices changed +6.5% year over year.

What is the average cap rate in Village of Grosse Pointe Shores, MI?

The median cap rate across recently sold homes in Village of Grosse Pointe Shores, MI is 0.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Village of Grosse Pointe Shores, MI?

The median sold price in Village of Grosse Pointe Shores, MI is $887,500 (about $196 per square foot).

Investing in Village of Grosse Pointe Shores, MI Real Estate

A data-driven snapshot of the Village of Grosse Pointe Shores, 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.

$887,500Median sold price

$196Median $/sqft

0.7%Median cap rate

$-4,802Modeled cash flow / mo

+6.5%Appreciation YoY

4.4Months of supply

14Active listings

38Sold (last 12 mo)

What the Village of Grosse Pointe Shores numbers say

In Village of Grosse Pointe Shores, MI, the median home sold for $887,500 (about $196 per square foot), and the typical deal models out to a 0.7% cap rate with a median $-4,802 of monthly cash flow. Sold prices moved +6.5% over the past year. Inventory sits at about 4.4 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 Village of Grosse Pointe Shores cash-flowing listings

CashFlowRE ranks every for-sale home in Village of Grosse Pointe Shores, 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 Village of Grosse Pointe Shores deals, or browse the national market data.