Detroit Investment Analysis

Investment Property in Detroit, MI

Detroit Investment Performance

PROPERTY SALE PRICE

$ 150,202

Median

1,485

Avg/Sq.ft.
CASH ON CASH RETURN

1.75%

Traditional

3.69%

Airbnb
NUMBER OF PROPERTIES

432

Investment

312

Airbnb

2,546

Traditional

66%

Airbnb occ. rate

Detroit Rent Prices

Top Detroit Active Investment Properties

$200,000

2041 Elm

Briggs

3 beds
1 baths
1,040 sq.ft.

CASH ON CASH

Trad. 2.24%

Airbnb 16.14%

CAP RATE

Trad. 6.54%

Airbnb 24.83%

$125,000

1579 TEMPLE Street

Briggs

2 beds
1 baths
840 sq.ft.

CASH ON CASH

Trad. 17.23%

Airbnb 17.28%

CAP RATE

Trad. 30.91%

Airbnb 30.98%

$339,000

932 Lincoln

East English Village

4 beds
2 baths
1,963 sq.ft.

CASH ON CASH

Trad. -1.66%

Airbnb 14.67%

CAP RATE

Trad. 3.98%

Airbnb 25.46%

$199,000

4670 18th Street Street W

Core City

4 beds
2 baths
2,200 sq.ft.

CASH ON CASH

Trad. 2.39%

Airbnb 15.17%

CAP RATE

Trad. 7.06%

Airbnb 23.87%

Top Detroit Neighborhoods

Green Acres
PROPERTY PRICE

$175,000

Median
CASH ON CASH RETURN

0.01%

Traditional

2.95%

Airbnb
RENTAL INCOME

$ 851

Traditional

$ 1,945

Airbnb

78%

Airbnb occ. rate
Palmer Woods
PROPERTY PRICE

$550,000

Median
CASH ON CASH RETURN

-1.28%

Traditional

-0.67%

Airbnb
RENTAL INCOME

$ 928

Traditional

$ 1,812

Airbnb

78%

Airbnb occ. rate
Sherwood Forest
PROPERTY PRICE

$230,000

Median
CASH ON CASH RETURN

0.69%

Traditional

4.13%

Airbnb
RENTAL INCOME

$ 943

Traditional

$ 1,772

Airbnb

75%

Airbnb occ. rate
Forest Park
PROPERTY PRICE

$21,000

Median
CASH ON CASH RETURN

39.64%

Traditional

133.89%

Airbnb
RENTAL INCOME

$ 937

Traditional

$ 2,769

Airbnb

75%

Airbnb occ. rate
Medical Center
PROPERTY PRICE

$1,800

Median
CASH ON CASH RETURN

589.60%

Traditional

1709.10%

Airbnb
RENTAL INCOME

$ 1,082

Traditional

$ 2,947

Airbnb

75%

Airbnb occ. rate

Detroit Insights

Blogs

Guides and Tips

Similar Cities

Royal Oak, MI

PROPERTY PRICE

$328,441

Median
CASH ON CASH RETURN

2.20%

Traditional

3.87%

Airbnb

Troy, MI

PROPERTY PRICE

$396,149

Median
CASH ON CASH RETURN

2.21%

Traditional

N/A

Airbnb

Ann Arbor, MI

PROPERTY PRICE

$549,128

Median
CASH ON CASH RETURN

1.08%

Traditional

3.93%

Airbnb

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