Detroit Investment Analysis

Investment Property in Detroit, MI

Detroit Investment Performance

PROPERTY SALE PRICE

$ 229,608

Median

1,716

Avg/Sq.ft.
CASH ON CASH RETURN

0.06%

Traditional

-0.05%

Airbnb
NUMBER OF PROPERTIES

92

Investment

200

Airbnb

1,455

Traditional

44%

Airbnb occ. rate

Detroit Rent Prices

Top Detroit Active Investment Properties

$130,000

4352 AUDUBON Road

Morningside

3 beds
1 baths
1,254 sq.ft.

CASH ON CASH

Trad. 1.10%

Airbnb 4.97%

CAP RATE

Trad. 7.39%

Airbnb 11.51%

$150,000

2992 Marlborough Street

Morningside

3 beds
3 baths
2,089 sq.ft.

CASH ON CASH

Trad. 0.45%

Airbnb 3.81%

CAP RATE

Trad. 6.41%

Airbnb 9.97%

$229,000

2667 W VERNOR Highway

Millenium Village

1 beds
1 baths
4,000 sq.ft.

CASH ON CASH

Trad. 7.18%

Airbnb 2.50%

CAP RATE

Trad. 12.90%

Airbnb 7.92%

$350,000

460 W CANFIELD Street #208

Midtown

1 beds
1 baths
786 sq.ft.

CASH ON CASH

Trad. -0.52%

Airbnb 3.17%

CAP RATE

Trad. 4.27%

Airbnb 8.20%

Top Detroit Neighborhoods

Midtown
CASH ON CASH RETURN

-1.42%

Traditional

2.27%

Airbnb
PROPERTY PRICE

$350,000

Median
RENTAL INCOME

$ 1,259

Traditional

$ 2,331

Airbnb

63%

Airbnb occ. rate
English Village
CASH ON CASH RETURN

12.45%

Traditional

21.88%

Airbnb
PROPERTY PRICE

$60,950

Median
RENTAL INCOME

$ 965

Traditional

$ 1,474

Airbnb

60%

Airbnb occ. rate
West Village
CASH ON CASH RETURN

0.20%

Traditional

3.34%

Airbnb
PROPERTY PRICE

$264,995

Median
RENTAL INCOME

$ 1,018

Traditional

$ 1,756

Airbnb

52%

Airbnb occ. rate
Downtown
CASH ON CASH RETURN

-2.77%

Traditional

-2.28%

Airbnb
PROPERTY PRICE

$1,750,000

Median
RENTAL INCOME

$ 1,907

Traditional

$ 2,379

Airbnb

51%

Airbnb occ. rate
Corktown
CASH ON CASH RETURN

-1.66%

Traditional

1.34%

Airbnb
PROPERTY PRICE

$429,000

Median
RENTAL INCOME

$ 1,180

Traditional

$ 2,027

Airbnb

50%

Airbnb occ. rate

Detroit Insights

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Guides and Tips

Similar Cities

Royal Oak, MI

PROPERTY PRICE

$280,773

Median
CASH ON CASH RETURN

3.26%

Traditional

4.07%

Airbnb

Troy, MI

PROPERTY PRICE

$382,599

Median
CASH ON CASH RETURN

1.82%

Traditional

3.44%

Airbnb

Ann Arbor, MI

PROPERTY PRICE

$425,735

Median
CASH ON CASH RETURN

2.00%

Traditional

5.64%

Airbnb

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