Detroit Investment Analysis

Investment Property in Detroit, MI

Detroit, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 110,000

Median

1,695

Avg/Sq.ft.
CASH ON CASH RETURN

10.00%

Traditional

9.00%

Airbnb
NUMBER OF PROPERTIES

894

Investment

10,150

Airbnb

594

Traditional

51%

Airbnb occupancy rate

Detroit, MI Properties Rental Prices

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Investment Properties for Sale in Detroit, MI

Investment Properties for Sale
$99,900
MLS 50124105
Morningside
Single Family Residential
3 beds 2 baths 1,250 sq.ft.
CAP RATE Trad. 12.30% Airbnb 10.48%
Investment Properties for Sale
$100,000
MLS 20240005158
Grandmont-Rosedale
Single Family Residential
3 beds 1 baths 1,214 sq.ft.
CAP RATE Trad. 10.17% Airbnb 10.47%
Investment Properties for Sale
$104,900
MLS 20230094789
Blackstone Park
Single Family Residential
3 beds 2 baths 1,122 sq.ft.
CAP RATE Trad. 12.56% Airbnb 10.40%
Investment Properties for Sale
$104,000
MLS 20230104127
Franklin Park
Single Family Residential
3 beds 2 baths 1,125 sq.ft.
CAP RATE Trad. 11.70% Airbnb 10.38%
Investment Properties for Sale
$110,000
MLS 20240011046
Warrendale
Single Family Residential
3 beds 1 baths 1,059 sq.ft.
CAP RATE Trad. 9.32% Airbnb 10.35%
Investment Properties for Sale
$150,000
MLS 20240010063
Blackstone Park
Single Family Residential
4 beds 2 baths 1,190 sq.ft.
CAP RATE Trad. 9.35% Airbnb 10.17%
Investment Properties for Sale
$105,000
MLS 20240010679
Blackstone Park
Single Family Residential
3 beds 1 baths 1,350 sq.ft.
CAP RATE Trad. 8.73% Airbnb 10.31%
Investment Properties for Sale
$109,900
MLS 20230077671
Pulaski
Single Family Residential
3 beds 2 baths 1,400 sq.ft.
CAP RATE Trad. 12.44% Airbnb 10.27%

Single Family Houses for Sale in Detroit, MI

Investment Properties for Sale
$99,900
MLS 50124105
Morningside
Single Family Residential
3 beds 2 baths 1,250 sq.ft.
CAP RATE Trad. 12.30% Airbnb 10.48%
Investment Properties for Sale
$100,000
MLS 20240005158
Grandmont-Rosedale
Single Family Residential
3 beds 1 baths 1,214 sq.ft.
CAP RATE Trad. 10.17% Airbnb 10.47%
Investment Properties for Sale
$104,900
MLS 20230094789
Blackstone Park
Single Family Residential
3 beds 2 baths 1,122 sq.ft.
CAP RATE Trad. 12.56% Airbnb 10.40%
Investment Properties for Sale
$104,000
MLS 20230104127
Franklin Park
Single Family Residential
3 beds 2 baths 1,125 sq.ft.
CAP RATE Trad. 11.70% Airbnb 10.38%
Investment Properties for Sale
$110,000
MLS 20240011046
Warrendale
Single Family Residential
3 beds 1 baths 1,059 sq.ft.
CAP RATE Trad. 9.32% Airbnb 10.35%
Investment Properties for Sale
$150,000
MLS 20240010063
Blackstone Park
Single Family Residential
4 beds 2 baths 1,190 sq.ft.
CAP RATE Trad. 9.35% Airbnb 10.17%
Investment Properties for Sale
$105,000
MLS 20240010679
Blackstone Park
Single Family Residential
3 beds 1 baths 1,350 sq.ft.
CAP RATE Trad. 8.73% Airbnb 10.31%
Investment Properties for Sale
$109,900
MLS 20230077671
Pulaski
Single Family Residential
3 beds 2 baths 1,400 sq.ft.
CAP RATE Trad. 12.44% Airbnb 10.27%

Multi Family Houses for sale in Detroit, MI

Investment Properties for Sale
$139,000
MLS 20230100465
Fitzgerald
Multi Family
N/A beds 3 baths 1,955 sq.ft.
CAP RATE Trad. 12.42% Airbnb N/A
Investment Properties for Sale
$225,000
MLS 20240011166
Petosky-Otsego
Multi Family
N/A beds 4 baths 3,776 sq.ft.
CAP RATE Trad. 12.18% Airbnb N/A
Investment Properties for Sale
$100,000
MLS 20230098841
Russell Woods
Multi Family
N/A beds 2 baths 3,828 sq.ft.
CAP RATE Trad. 12.46% Airbnb N/A
Investment Properties for Sale
$220,000
MLS 20230092225
Russell Woods
Multi Family
N/A beds 4 baths 3,638 sq.ft.
CAP RATE Trad. 11.97% Airbnb N/A
Investment Properties for Sale
$110,000
MLS 20230094104
Greensbriar
Multi Family
N/A beds 2 baths 844 sq.ft.
CAP RATE Trad. 12.08% Airbnb N/A
Investment Properties for Sale
$174,500
MLS 50119252
New Center
Multi Family
4 beds 4 baths 3,675 sq.ft.
CAP RATE Trad. 11.79% Airbnb N/A
Investment Properties for Sale
$110,000
MLS 20230099913
Five Points
Multi Family
N/A beds 2 baths 816 sq.ft.
CAP RATE Trad. 11.71% Airbnb N/A
Investment Properties for Sale
$95,000
MLS 20230082204
Fitzgerald
Multi Family
N/A beds 2 baths 1,999 sq.ft.
CAP RATE Trad. 11.78% Airbnb N/A

Condos for Sale in Detroit, MI

Investment Properties for Sale
$230,000
MLS 20240002776
Lafayette Park
Condo/Coop
3 beds 2 baths 1,695 sq.ft.
CAP RATE Trad. -2.11% Airbnb 9.10%
Investment Properties for Sale
$319,900
MLS 20240012755
Lafayette Park
Condo/Coop
3 beds 2 baths 41,833 sq.ft.
CAP RATE Trad. -0.36% Airbnb 8.54%
Investment Properties for Sale
$199,000
MLS 20230106173
Lafayette Park
Condo/Coop
4 beds 2 baths 1,478 sq.ft.
CAP RATE Trad. 1.21% Airbnb 7.61%
Investment Properties for Sale
$159,900
MLS 20240005918
Elmwood Park
Condo/Coop
2 beds 1 baths 1,516 sq.ft.
CAP RATE Trad. 5.36% Airbnb 7.45%
Investment Properties for Sale
$225,000
MLS 20230076500
Elmwood Park
Condo/Coop
3 beds 2 baths 2,040 sq.ft.
CAP RATE Trad. 5.79% Airbnb 6.83%
Investment Properties for Sale
$190,000
MLS 20240016786
Lafayette Park
Condo/Coop
4 beds 3 baths 1,617 sq.ft.
CAP RATE Trad. 3.34% Airbnb 6.78%
Investment Properties for Sale
$119,000
MLS 50124178
Lafayette Park
Condo/Coop
2 beds 2 baths 972 sq.ft.
CAP RATE Trad. 5.27% Airbnb 6.50%
Investment Properties for Sale
$108,000
MLS 20230050862
Islandview
Condo/Coop
2 beds 1 baths 1,085 sq.ft.
CAP RATE Trad. 5.52% Airbnb 5.81%

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

Industrial Vibe Loft-King Bed Suite w Private Door
$98 per night Airbnb occupancy rate 82%
Loft 2 · 1 · 3
Rental Income: $2,458 per month
5
991
Historic Little Paris: Walk to LCA, Ford, Comerica
$195 per night Airbnb occupancy rate 52%
Loft 0 · 1 · 4
Rental Income: $3,085 per month
5
883
1890's Stone and Brick Garden Loft
$102 per night Airbnb occupancy rate 66%
Apartment 1 · 1 · 3
Rental Income: $2,057 per month
5
846
Revitalized Industrial Loft~ Private Door, Parking
$96 per night Airbnb occupancy rate 84%
Loft 2 · 1 · 4
Rental Income: $2,456 per month
5
795
Huge 4BD Historic Detroit Home
$159 per night Airbnb occupancy rate 73%
House 4 · 3.5 · 8
Rental Income: $3,525 per month
5
772
Cozy & Charming Apartment in West Village
$118 per night Airbnb occupancy rate 58%
Apartment 1 · 1 · 4
Rental Income: $2,075 per month
5
737
Sunny Apt Close to Downtown
$113 per night Airbnb occupancy rate 51%
Apartment 1 · 1 · 4
Rental Income: $1,770 per month
5
732
Bright Midtown Apartment with Parking
$129 per night Airbnb occupancy rate 72%
Apartment 1 · 1 · 2
Rental Income: $2,827 per month
5
719

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
Walled Lake $380,000 4% 6% $2,428 $3,433 49 69%
Wixom $494,950 4% 5% $2,671 $3,960 22 69%
Riverview $189,900 6% 11% $1,953 $2,939 11 66%
Newport $297,450 6% 5% $2,416 $2,726 14 66%
Farmington $297,450 3% 5% $1,608 $2,862 14 65%
Wyandotte $200,000 4% 5% $1,460 $1,833 27 64%
Trenton $209,450 4% 10% $1,390 $2,491 16 64%
Canton $400,000 3% 4% $2,524 $3,835 77 63%
Lincoln Park $149,999 7% 9% $1,405 $2,001 45 62%
Haslett $457,450 3% 4% $2,305 $3,296 16 60%
Milford $567,450 4% 4% $3,099 $4,249 38 59%
Okemos $449,900 3% 5% $2,341 $3,115 27 59%
Garden City $205,000 6% 5% $1,450 $2,011 27 58%
Highland $339,800 4% 8% $2,236 $4,079 17 56%
Clinton Township $269,900 4% 4% $1,875 $2,695 98 55%
Mount Clemens $210,000 5% 7% $1,425 $2,434 15 54%
Redford $234,900 5% 5% $1,660 $2,552 209 51%
Lake Orion $395,000 4% 6% $2,295 $3,452 45 51%
Traverse City $455,000 3% 6% $2,399 $4,965 310 50%
White Lake $399,900 4% 4% $2,491 $2,491 35 48%
View all michigan cities

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