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

Wakefield, MI has a median modeled monthly cash flow of $-241 and a median cap rate of 4.4%, on a median sold price of $93,600. Prices changed -5.3% year over year.

What is the average cap rate in Wakefield, MI?

The median cap rate across recently sold homes in Wakefield, MI is 4.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Wakefield, MI?

The median sold price in Wakefield, MI is $93,600 (about $98 per square foot).

Investing in Wakefield, MI Real Estate

A data-driven snapshot of the Wakefield, 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.

$93,600Median sold price

$98Median $/sqft

4.4%Median cap rate

$-241Modeled cash flow / mo

-5.3%Appreciation YoY

4.5Months of supply

19Active listings

51Sold (last 12 mo)

What the Wakefield numbers say

In Wakefield, MI, the median home sold for $93,600 (about $98 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-241 of monthly cash flow. Sold prices moved -5.3% over the past year. Inventory sits at about 4.5 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 Wakefield cash-flowing listings

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