Detroit Investment Analysis

Investment Property in Detroit, MI

Detroit Investment Performance

PROPERTY SALE PRICE

$ 169,178

Median

1,761

Avg/Sq.ft.
CASH ON CASH RETURN

1.53%

Traditional

3.90%

Airbnb
NUMBER OF PROPERTIES

314

Investment

233

Airbnb

3,739

Traditional

56%

Airbnb occ. rate

Detroit Rent Prices

Top Detroit Active Investment Properties

$94,900

Bagley

3 beds
2 baths
1,145 sq.ft.

CASH ON CASH

Trad. 2.30%

Airbnb 14.59%

CAP RATE

Trad. 2.30%

Airbnb 14.59%

$65,000

Bagley

4 beds
2 baths
2,000 sq.ft.

CASH ON CASH

Trad. 3.06%

Airbnb 14.26%

CAP RATE

Trad. 3.06%

Airbnb 14.26%

$99,000

Fitzgerald

3 beds
1 baths
1,342 sq.ft.

CASH ON CASH

Trad. 2.17%

Airbnb 14.15%

CAP RATE

Trad. 2.17%

Airbnb 14.15%

$139,999

Alden Park

4 beds
2 baths
1,878 sq.ft.

CASH ON CASH

Trad. 4.69%

Airbnb 13.45%

CAP RATE

Trad. 4.69%

Airbnb 13.45%

Top Detroit Neighborhoods

Briggs
63%
PROPERTY PRICE

$389,990

Median
CASH ON CASH RETURN

2.13%

Traditional

-0.79%

Airbnb
RENTAL INCOME

$ 1,619

Traditional

$ 2,621

Airbnb

72%

Airbnb occ. rate
Downtown
69%
PROPERTY PRICE

$637,498

Median
CASH ON CASH RETURN

-0.43%

Traditional

1.42%

Airbnb
RENTAL INCOME

$ 2,103

Traditional

$ 2,672

Airbnb

70%

Airbnb occ. rate
Corktown
62%
PROPERTY PRICE

$404,945

Median
CASH ON CASH RETURN

-0.11%

Traditional

0.92%

Airbnb
RENTAL INCOME

$ 1,486

Traditional

$ 2,732

Airbnb

69%

Airbnb occ. rate
Green Acres
48%
PROPERTY PRICE

$194,900

Median
CASH ON CASH RETURN

0.92%

Traditional

2.64%

Airbnb
RENTAL INCOME

$ 914

Traditional

$ 1,386

Airbnb

66%

Airbnb occ. rate
Forest Park
72%
PROPERTY PRICE

$21,000

Median
CASH ON CASH RETURN

42.01%

Traditional

123.86%

Airbnb
RENTAL INCOME

$ 983

Traditional

$ 2,574

Airbnb

66%

Airbnb occ. rate

Detroit Insights

Blogs

Guides and Tips

Similar Cities

Royal Oak, MI

PROPERTY PRICE

$339,519

Median
CASH ON CASH RETURN

1.22%

Traditional

2.61%

Airbnb

Troy, MI

PROPERTY PRICE

$352,414

Median
CASH ON CASH RETURN

2.35%

Traditional

N/A

Airbnb

Ann Arbor, MI

PROPERTY PRICE

$509,513

Median
CASH ON CASH RETURN

0.81%

Traditional

3.33%

Airbnb

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