Detroit Investment Analysis

Investment Property in Detroit, MI

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Detroit, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$99,940

Median

1,771

Avg/Sq.ft.
CASH ON CASH RETURN

11.00%

Traditional

4.00%

Airbnb
NUMBER OF PROPERTIES

5,347

Investment

7,799

Airbnb

309

Traditional

25%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

1,332

Number of homes sold

54

Median days on market

95%

Average sale-to-list price ratio

33%

Percentage of listings with price drops

5,347

Active listings count

2,785

New listings count

7.0

Months of supply

Detroit, MI Properties Rental Prices

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Investment Properties for Sale in Detroit, MI

Investment Properties for Sale
$160,000
MLS 24041501
Chandler Park
Single Family Residential
5 beds 3 baths 1,484 sq.ft.
CAP RATE Trad. 10.50% Airbnb 10.28%
Investment Properties for Sale
$95,000
MLS 60976213
Bagley
Single Family Residential
3 beds 1 baths 1,451 sq.ft.
CAP RATE Trad. 11.07% Airbnb 10.46%
Investment Properties for Sale
$99,000
MLS 60985127
Fitzgerald
Single Family Residential
3 beds 1 baths 1,296 sq.ft.
CAP RATE Trad. 11.01% Airbnb 10.40%
Investment Properties for Sale
$160,000
MLS 60991313
Belmont
Single Family Residential
5 beds 1 baths 1,639 sq.ft.
CAP RATE Trad. 7.00% Airbnb 10.19%
Investment Properties for Sale
$85,000
MLS 60996156
Fitzgerald
Single Family Residential
3 beds 1 baths 1,623 sq.ft.
CAP RATE Trad. 11.89% Airbnb 10.42%
Investment Properties for Sale
$99,999
MLS 60968191
North Rosedale Park
Single Family Residential
4 beds 1 baths 1,134 sq.ft.
CAP RATE Trad. 10.33% Airbnb 10.31%
Investment Properties for Sale
$120,900
MLS 20230100450
Lafayette Park
Condo/Coop
2 beds 1 baths 1,311 sq.ft.
CAP RATE Trad. 1.40% Airbnb 10.20%
Investment Properties for Sale
$90,000
MLS 60984189
Eight Mile Wyoming
Single Family Residential
2 beds 1 baths 732 sq.ft.
CAP RATE Trad. 10.72% Airbnb 10.32%

Single Family Houses for Sale in Detroit, MI

Investment Properties for Sale
$160,000
MLS 24041501
Chandler Park
Single Family Residential
5 beds 3 baths 1,484 sq.ft.
CAP RATE Trad. 10.50% Airbnb 10.28%
Investment Properties for Sale
$95,000
MLS 60976213
Bagley
Single Family Residential
3 beds 1 baths 1,451 sq.ft.
CAP RATE Trad. 11.07% Airbnb 10.46%
Investment Properties for Sale
$99,000
MLS 60985127
Fitzgerald
Single Family Residential
3 beds 1 baths 1,296 sq.ft.
CAP RATE Trad. 11.01% Airbnb 10.40%
Investment Properties for Sale
$160,000
MLS 60991313
Belmont
Single Family Residential
5 beds 1 baths 1,639 sq.ft.
CAP RATE Trad. 7.00% Airbnb 10.19%
Investment Properties for Sale
$85,000
MLS 60996156
Fitzgerald
Single Family Residential
3 beds 1 baths 1,623 sq.ft.
CAP RATE Trad. 11.89% Airbnb 10.42%
Investment Properties for Sale
$99,999
MLS 60968191
North Rosedale Park
Single Family Residential
4 beds 1 baths 1,134 sq.ft.
CAP RATE Trad. 10.33% Airbnb 10.31%
Investment Properties for Sale
$90,000
MLS 60984189
Eight Mile Wyoming
Single Family Residential
2 beds 1 baths 732 sq.ft.
CAP RATE Trad. 10.72% Airbnb 10.32%
Investment Properties for Sale
$84,900
MLS 50196555
Green Acres
Single Family Residential
3 beds 1 baths 848 sq.ft.
CAP RATE Trad. 11.43% Airbnb 10.33%

Multi Family Houses for sale in Detroit, MI

Investment Properties for Sale
$250,000
MLS 60996531
Russell Woods
Multi Family
N/A beds 3 baths 2,649 sq.ft.
CAP RATE Trad. 10.52% Airbnb 9.31%
Investment Properties for Sale
$114,900
MLS 20261041033
Fitzgerald
Multi Family
4 beds 2 baths 2,212 sq.ft.
CAP RATE Trad. 10.37% Airbnb 9.30%
Investment Properties for Sale
$115,000
MLS 60969214
Fitzgerald
Multi Family
N/A beds 2 baths 1,722 sq.ft.
CAP RATE Trad. 11.06% Airbnb 8.87%
Investment Properties for Sale
$145,000
MLS 60987749
LaSalle Gardens
Multi Family
N/A beds 2 baths 2,564 sq.ft.
CAP RATE Trad. 12.38% Airbnb 8.78%
Investment Properties for Sale
$249,000
MLS 60984950
Russell Woods
Multi Family
N/A beds 2 baths 3,480 sq.ft.
CAP RATE Trad. 7.97% Airbnb 8.65%
Investment Properties for Sale
$260,000
MLS 60990894
Russell Woods
Multi Family
N/A beds 2 baths 2,700 sq.ft.
CAP RATE Trad. 3.46% Airbnb 8.57%
Investment Properties for Sale
$110,000
MLS 20261046544
NW Goldberg
Multi Family
3 beds 2 baths 1,080 sq.ft.
CAP RATE Trad. 10.85% Airbnb 8.47%
Investment Properties for Sale
$87,999
MLS 70538864
Russell Woods
Multi Family
N/A beds N/A baths N/A sq.ft.
CAP RATE Trad. 1.16% Airbnb 8.49%

Condos for Sale in Detroit, MI

Investment Properties for Sale
$120,900
MLS 20230100450
Lafayette Park
Condo/Coop
2 beds 1 baths 1,311 sq.ft.
CAP RATE Trad. 1.40% Airbnb 10.20%
Investment Properties for Sale
$137,000
MLS 60387877
Lafayette Park
Condo/Coop
2 beds 1 baths 1,260 sq.ft.
CAP RATE Trad. -1.02% Airbnb 9.62%
Investment Properties for Sale
$245,000
MLS 61008236
Downtown
Condo/Coop
3 beds 1 baths 1,200 sq.ft.
CAP RATE Trad. 2.52% Airbnb 6.69%
Investment Properties for Sale
$59,900
MLS 60961471
East English Village
Condo/Coop
1 beds 1 baths 644 sq.ft.
CAP RATE Trad. 9.28% Airbnb 6.76%
Investment Properties for Sale
$90,000
MLS 26028585
Regent Park
Condo/Coop
4 beds 1 baths 844 sq.ft.
CAP RATE Trad. 11.47% Airbnb 5.85%
Investment Properties for Sale
$37,400
MLS 26024085
Lafayette Park
Condo/Coop
1 beds 1 baths 63,192 sq.ft.
CAP RATE Trad. -8.14% Airbnb 5.28%
Investment Properties for Sale
$199,000
MLS 61010830
Lafayette Park
Condo/Coop
2 beds 1 baths 1,050 sq.ft.
CAP RATE Trad. -2.72% Airbnb 4.28%
Investment Properties for Sale
$115,999
MLS 60980903
Joseph Barry Subdivision
Condo/Coop
2 beds 1 baths 850 sq.ft.
CAP RATE Trad. 5.92% Airbnb 3.57%

Townhouses for Sale in Detroit, MI

Investment Properties for Sale
$478,435
MLS FF98EFDA5A16
Lafayette Park
Townhouse
2 beds 2 baths 1,618 sq.ft.
CAP RATE Trad. 1.20% Airbnb 2.94%
Investment Properties for Sale
$474,490
MLS 20261020281
Lafayette Park
Townhouse
2 beds 3 baths 1,618 sq.ft.
CAP RATE Trad. 2.20% Airbnb 2.07%
Investment Properties for Sale
$424,900
MLS 20261007309
Lafayette Park
Townhouse
3 beds 3 baths 1,618 sq.ft.
CAP RATE Trad. 2.15% Airbnb 1.73%
Investment Properties for Sale
$373,060
MLS 719BBFA48EAB
Jefferies
Townhouse
2 beds 2 baths 1,331 sq.ft.
CAP RATE Trad. 1.66% Airbnb 1.25%
Investment Properties for Sale
$393,610
MLS 4F9F711A93A3
Jefferies
Townhouse
2 beds 2 baths 1,612 sq.ft.
CAP RATE Trad. 1.96% Airbnb 1.01%
Investment Properties for Sale
$379,000
MLS 20261044276
Lafayette Park
Townhouse
3 beds 2 baths 1,470 sq.ft.
CAP RATE Trad. -2.41% Airbnb -0.53
Investment Properties for Sale
$619,000
MLS 20261010518
Brush Park
Townhouse
3 beds 3 baths 1,810 sq.ft.
CAP RATE Trad. 1.32% Airbnb -0.80
Investment Properties for Sale
$399,900
MLS 20261002888
West Village
Townhouse
2 beds 3 baths 1,304 sq.ft.
CAP RATE Trad. 1.13% Airbnb -2.37

Top Detroit, MI Neighborhoods - Real Estate Market Analysis

Indian Village
PROPERTY PRICE

$102,000

Median for city
CAP RATE

8.53%

Traditional

8.26%

Airbnb
RENTAL INCOME

$ 1,088

Traditional

$ 1,949

Airbnb

39%

Airbnb occupancy rate
Conner Creek Ind
PROPERTY PRICE

$102,000

Median for city
CAP RATE

17.90%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,073

Traditional

$ 1,882

Airbnb

41%

Airbnb occupancy rate
Core City
PROPERTY PRICE

$102,000

Median for city
CAP RATE

8.71%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,038

Traditional

$ 2,132

Airbnb

43%

Airbnb occupancy rate
Poletown East
PROPERTY PRICE

$102,000

Median for city
CAP RATE

19.71%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,042

Traditional

$ 1,626

Airbnb

39%

Airbnb occupancy rate
English Village
PROPERTY PRICE

$102,000

Median for city
CAP RATE

10.66%

Traditional

18.29%

Airbnb
RENTAL INCOME

$ 1,212

Traditional

$ 2,056

Airbnb

36%

Airbnb occupancy rate
East English Village
PROPERTY PRICE

$102,000

Median for city
CAP RATE

9.65%

Traditional

11.41%

Airbnb
RENTAL INCOME

$ 1,315

Traditional

$ 1,780

Airbnb

46%

Airbnb occupancy rate
NW Goldberg
PROPERTY PRICE

$102,000

Median for city
CAP RATE

11.18%

Traditional

13.39%

Airbnb
RENTAL INCOME

$ 1,038

Traditional

$ 1,614

Airbnb

39%

Airbnb occupancy rate
Southwest Detroit
PROPERTY PRICE

$102,000

Median for city
CAP RATE

9.21%

Traditional

11.35%

Airbnb
RENTAL INCOME

$ 1,021

Traditional

$ 1,838

Airbnb

49%

Airbnb occupancy rate
Grixdale
PROPERTY PRICE

$102,000

Median for city
CAP RATE

12.76%

Traditional

12.10%

Airbnb
RENTAL INCOME

$ 948

Traditional

$ 1,229

Airbnb

39%

Airbnb occupancy rate
Russell Woods
PROPERTY PRICE

$102,000

Median for city
CAP RATE

10.04%

Traditional

11.25%

Airbnb
RENTAL INCOME

$ 1,002

Traditional

$ 1,415

Airbnb

34%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Detroit, MI

Eclectic industrial loft 5 Min to downtown
$112 per night Airbnb occupancy rate 53%
Loft 2 · 0 · 4
Rental Income: $1,820 per month
4.82
1292
1890's Stone and Brick Garden Loft
$126 per night Airbnb occupancy rate 47%
Apartment 1 · 0 · 3
Rental Income: $1,806 per month
4.88
1114
Vibrant Industrial Loft *King bed* Private entry
$159 per night Airbnb occupancy rate 48%
Loft 2 · 1 · 4
Rental Income: $2,345 per month
4.84
1103
Huge 4BD Historic Detroit Home
$138 per night Airbnb occupancy rate 32%
House 4 · 3.5 · 8
Rental Income: $1,357 per month
4.87
1012
Cozy & Charming Apartment in West Village
$137 per night Airbnb occupancy rate 31%
Apartment 1 · 1 · 4
Rental Income: $1,279 per month
4.78
932
Bright Midtown Apt Parking Attached
$149 per night Airbnb occupancy rate 32%
Apartment 1 · 1 · 2
Rental Income: $1,428 per month
4.83
929
Sunny Apt Close to Downtown
$120 per night Airbnb occupancy rate 26%
Apartment 1 · 1 · 2
Rental Income: $960 per month
4.81
857
Wonderful Downtown Ferndale Apt**Superb Location**
$81 per night Airbnb occupancy rate 70%
Apartment 1 · 1 · 2
Rental Income: $1,728 per month
4.95
812

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Clinton Township $259,900 5% 1% $1,927 $1,239 161 21%
Redford $170,000 6% 1% $1,390 $1,077 155 21%
Garden City $230,000 5% 1% $1,540 $1,134 110 21%
View all michigan cities

Vacation Rentals for Sale in michigan

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