Detroit Investment Analysis

Investment Property in Detroit, MI

Detroit Investment Performance

PROPERTY SALE PRICE

$ 133,850

Median

1,508

Avg/Sq.ft.
CASH ON CASH RETURN

-5.82%

Traditional

-1.59%

Airbnb
NUMBER OF PROPERTIES

215

Investment

189

Airbnb

2,286

Traditional

41%

Airbnb occ. rate

Detroit Rent Prices

Top Detroit Active Investment Properties

$55,000

5960 Three Mile DRV

Morningside

3 beds
2 baths
1,456 sq.ft.

CASH ON CASH

Trad. 5.88%

Airbnb 12.55%

CAP RATE

Trad. 17.05%

Airbnb 25.38%

$90,000

4231 WAYBURN Street

Morningside

3 beds
2 baths
1,433 sq.ft.

CASH ON CASH

Trad. 4.01%

Airbnb 8.08%

CAP RATE

Trad. 10.42%

Airbnb 15.51%

$292,662

659 HOWARD UNIT 7S1 Street

West Side Industrial

1 beds
1 baths
602 sq.ft.

CASH ON CASH

Trad. -0.63%

Airbnb 1.03%

CAP RATE

Trad. 4.85%

Airbnb 6.93%

$225,000

1001 W Jefferson Ave #7C

West Side Industrial

1 beds
1 baths
621 sq.ft.

CASH ON CASH

Trad. 0.31%

Airbnb 2.48%

CAP RATE

Trad. 6.31%

Airbnb 9.02%

Top Detroit Neighborhoods

Midtown
CASH ON CASH RETURN

1.06%

Traditional

5.64%

Airbnb
PROPERTY PRICE

$300,000

Median
RENTAL INCOME

$ 1,372

Traditional

$ 2,589

Airbnb

64%

Airbnb occ. rate
Wayne State
CASH ON CASH RETURN

-3.35%

Traditional

-3.66%

Airbnb
PROPERTY PRICE

$610,000

Median
RENTAL INCOME

$ 1,271

Traditional

$ 3,641

Airbnb

52%

Airbnb occ. rate
Woodbridge
CASH ON CASH RETURN

0.32%

Traditional

5.31%

Airbnb
PROPERTY PRICE

$239,000

Median
RENTAL INCOME

$ 953

Traditional

$ 2,011

Airbnb

50%

Airbnb occ. rate
Hubbard-Richard
CASH ON CASH RETURN

5.36%

Traditional

15.27%

Airbnb
PROPERTY PRICE

$97,500

Median
RENTAL INCOME

$ 877

Traditional

$ 1,734

Airbnb

50%

Airbnb occ. rate
West Village
CASH ON CASH RETURN

2.48%

Traditional

10.36%

Airbnb
PROPERTY PRICE

$149,000

Median
RENTAL INCOME

$ 1,093

Traditional

$ 1,954

Airbnb

50%

Airbnb occ. rate

Detroit Insights

Blogs

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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