Detroit Investment Analysis

Investment Property in Detroit, MI

Detroit Investment Performance

PROPERTY SALE PRICE

$ 181,072

Median

1,496

Avg/Sq.ft.
CASH ON CASH RETURN

0.95%

Traditional

1.03%

Airbnb
NUMBER OF PROPERTIES

319

Investment

257

Airbnb

2,355

Traditional

50%

Airbnb occ. rate

Detroit Rent Prices

Top Detroit Active Investment Properties

$60,000

27 E MUIR

State Fair Grounds

2 beds
1 baths
883 sq.ft.

CASH ON CASH

Trad. 4.15%

Airbnb 22.05%

CAP RATE

Trad. 17.28%

Airbnb 40.84%

$55,000

16641 PRINCETON Street

Martin Park

3 beds
1 baths
1,039 sq.ft.

CASH ON CASH

Trad. 3.44%

Airbnb 18.12%

CAP RATE

Trad. 15.50%

Airbnb 34.80%

$55,000

16900 SANTA ROSA Drive

Fitzgerald

3 beds
1 baths
1,434 sq.ft.

CASH ON CASH

Trad. 4.60%

Airbnb 17.31%

CAP RATE

Trad. 18.08%

Airbnb 34.80%

$84,900

1550 Cherboneau Place #120

Lafayette Park

2 beds
1 baths
950 sq.ft.

CASH ON CASH

Trad. 2.86%

Airbnb 24.54%

CAP RATE

Trad. 13.57%

Airbnb 42.09%

Top Detroit Neighborhoods

West Side Industrial
CASH ON CASH RETURN

-1.33%

Traditional

1.37%

Airbnb
PROPERTY PRICE

$292,662

Median
RENTAL INCOME

$ 1,078

Traditional

$ 2,660

Airbnb

62%

Airbnb occ. rate
Corktown
CASH ON CASH RETURN

0.46%

Traditional

-0.61%

Airbnb
PROPERTY PRICE

$1,398,000

Median
RENTAL INCOME

$ 2,176

Traditional

$ 2,954

Airbnb

62%

Airbnb occ. rate
State Fair Grounds
CASH ON CASH RETURN

1.05%

Traditional

2.30%

Airbnb
PROPERTY PRICE

$214,500

Median
RENTAL INCOME

$ 925

Traditional

$ 1,220

Airbnb

61%

Airbnb occ. rate
Woodbridge
CASH ON CASH RETURN

1.22%

Traditional

5.16%

Airbnb
PROPERTY PRICE

$299,900

Median
RENTAL INCOME

$ 948

Traditional

$ 2,287

Airbnb

61%

Airbnb occ. rate
Briggs
CASH ON CASH RETURN

2.24%

Traditional

5.25%

Airbnb
PROPERTY PRICE

$200,000

Median
RENTAL INCOME

$ 1,614

Traditional

$ 2,286

Airbnb

60%

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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