Detroit Investment Analysis

Investment Property in Detroit, MI

Detroit Investment Performance

PROPERTY SALE PRICE

$ 217,378

Median

1,803

Avg/Sq.ft.
CASH ON CASH RETURN

-0.09%

Traditional

-0.14%

Airbnb
NUMBER OF PROPERTIES

83

Investment

187

Airbnb

1,411

Traditional

38%

Airbnb occ. rate

Detroit Rent Prices

Top Detroit Active Investment Properties

$189,000

405 E FERRY Street #1A

Art Center

1 beds
1 baths
568 sq.ft.

CASH ON CASH

Trad. -2.03%

Airbnb N/A

CAP RATE

Trad. 3.37%

Airbnb N/A

$310,000

405 E FERRY Street #2B

Art Center

3 beds
3 baths
1,515 sq.ft.

CASH ON CASH

Trad. 0.88%

Airbnb N/A

CAP RATE

Trad. 5.87%

Airbnb N/A

$98,000

19965 Cooley Street

Berg-Lasher

3 beds
2 baths
714 sq.ft.

CASH ON CASH

Trad. 8.73%

Airbnb 3.08%

CAP RATE

Trad. 16.23%

Airbnb 10.22%

$89,000

18930 HARTWELL Street

Blackstone Park

3 beds
2 baths
1,331 sq.ft.

CASH ON CASH

Trad. 2.87%

Airbnb N/A

CAP RATE

Trad. 10.30%

Airbnb N/A

Top Detroit Neighborhoods

Midtown
CASH ON CASH RETURN

-0.10%

Traditional

5.05%

Airbnb
PROPERTY PRICE

$299,900

Median
RENTAL INCOME

$ 1,062

Traditional

$ 2,432

Airbnb

54%

Airbnb occ. rate
Corktown
CASH ON CASH RETURN

-0.19%

Traditional

0.37%

Airbnb
PROPERTY PRICE

$449,999

Median
RENTAL INCOME

$ 1,511

Traditional

$ 1,736

Airbnb

44%

Airbnb occ. rate
Alden Park
CASH ON CASH RETURN

3.41%

Traditional

12.35%

Airbnb
PROPERTY PRICE

$114,900

Median
RENTAL INCOME

$ 819

Traditional

$ 1,729

Airbnb

41%

Airbnb occ. rate
Rivertown
CASH ON CASH RETURN

-2.17%

Traditional

1.18%

Airbnb
PROPERTY PRICE

$339,900

Median
RENTAL INCOME

$ 1,361

Traditional

$ 1,576

Airbnb

40%

Airbnb occ. rate
Wayne State
CASH ON CASH RETURN

1.21%

Traditional

3.44%

Airbnb
PROPERTY PRICE

$259,000

Median
RENTAL INCOME

$ 1,229

Traditional

$ 1,741

Airbnb

39%

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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