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

Whitmore Lake, MI has a median modeled monthly cash flow of $-1,073 and a median cap rate of 2.6%, on a median sold price of $350,000. Prices changed +6.7% year over year.

What is the average cap rate in Whitmore Lake, MI?

The median cap rate across recently sold homes in Whitmore Lake, MI is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Whitmore Lake, MI?

The median sold price in Whitmore Lake, MI is $350,000 (about $191 per square foot).

Investing in Whitmore Lake, MI Real Estate

A data-driven snapshot of the Whitmore Lake, 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.

$350,000Median sold price

$191Median $/sqft

2.6%Median cap rate

$-1,073Modeled cash flow / mo

+6.7%Appreciation YoY

5.0Months of supply

42Active listings

101Sold (last 12 mo)

What the Whitmore Lake numbers say

In Whitmore Lake, MI, the median home sold for $350,000 (about $191 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,073 of monthly cash flow. Sold prices moved +6.7% over the past year. Inventory sits at about 5.0 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 Whitmore Lake cash-flowing listings

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