Detroit Investment Analysis

Investment Property in Detroit, MI

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Detroit, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$94,951

Median

1,751

Avg/Sq.ft.
CASH ON CASH RETURN

11.00%

Traditional

3.00%

Airbnb
NUMBER OF PROPERTIES

5,231

Investment

7,621

Airbnb

342

Traditional

23%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

1,309

Number of homes sold

58

Median days on market

95%

Average sale-to-list price ratio

32%

Percentage of listings with price drops

5,231

Active listings count

2,674

New listings count

6.6

Months of supply

Detroit, MI Properties Rental Prices

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Investment Properties for Sale in Detroit, MI

Investment Properties for Sale
$90,000
MLS 20261045198
Ravendale
Other
4 beds 1 baths 955 sq.ft.
CAP RATE Trad. 10.47% Airbnb 10.53%
Investment Properties for Sale
$90,000
MLS 20261045399
Chandler Park
Single Family Residential
3 beds 1 baths 1,619 sq.ft.
CAP RATE Trad. 12.66% Airbnb 10.52%
Investment Properties for Sale
$175,000
MLS 20251052226
Russell Woods
Other
5 beds 2 baths 2,400 sq.ft.
CAP RATE Trad. 7.39% Airbnb 10.20%
Investment Properties for Sale
$40,000
MLS 20240006089
NW Goldberg
Other
N/A beds N/A baths N/A sq.ft.
CAP RATE Trad. 6.38% Airbnb 11.11%
Investment Properties for Sale
$175,000
MLS 20261023934
Russell Woods
Single Family Residential
7 beds 2 baths 2,600 sq.ft.
CAP RATE Trad. 10.20% Airbnb 10.05%
Investment Properties for Sale
$120,900
MLS 20230100450
Lafayette Park
Condo/Coop
2 beds 1 baths 1,311 sq.ft.
CAP RATE Trad. 1.40% Airbnb 10.10%
Investment Properties for Sale
$175,000
MLS 20261015574
Russell Woods
Other
6 beds 2 baths 2,800 sq.ft.
CAP RATE Trad. 10.51% Airbnb 9.95%
Investment Properties for Sale
$99,999
MLS 20261007575
North Rosedale Park
Single Family Residential
4 beds 1 baths 1,134 sq.ft.
CAP RATE Trad. 10.33% Airbnb 10.15%

Single Family Houses for Sale in Detroit, MI

Investment Properties for Sale
$90,000
MLS 20261045399
Chandler Park
Single Family Residential
3 beds 1 baths 1,619 sq.ft.
CAP RATE Trad. 12.66% Airbnb 10.52%
Investment Properties for Sale
$175,000
MLS 20261023934
Russell Woods
Single Family Residential
7 beds 2 baths 2,600 sq.ft.
CAP RATE Trad. 10.20% Airbnb 10.05%
Investment Properties for Sale
$99,999
MLS 20261007575
North Rosedale Park
Single Family Residential
4 beds 1 baths 1,134 sq.ft.
CAP RATE Trad. 10.33% Airbnb 10.15%
Investment Properties for Sale
$239,999
MLS 20261017159
Petosky-Otsego
Single Family Residential
6 beds 2 baths 2,600 sq.ft.
CAP RATE Trad. 5.71% Airbnb 9.68%
Investment Properties for Sale
$88,000
MLS 20261009240
Martin Park
Single Family Residential
3 beds 1 baths 1,400 sq.ft.
CAP RATE Trad. 11.87% Airbnb 9.98%
Investment Properties for Sale
$245,000
MLS 20261014223
Bagley
Single Family Residential
6 beds 3 baths 2,098 sq.ft.
CAP RATE Trad. 8.05% Airbnb 9.60%
Investment Properties for Sale
$63,400
MLS 20261045360
Blackstone Park
Single Family Residential
2 beds 1 baths 706 sq.ft.
CAP RATE Trad. 11.35% Airbnb 10.14%
Investment Properties for Sale
$81,000
MLS 20261037656
Fitzgerald
Single Family Residential
3 beds 1 baths 800 sq.ft.
CAP RATE Trad. 11.50% Airbnb 9.98%

Multi Family Houses for sale in Detroit, MI

Investment Properties for Sale
$199,000
MLS 20261032832
Hubbard-Richard
Multi Family
4 beds 2 baths 2,286 sq.ft.
CAP RATE Trad. 5.94% Airbnb 9.77%
Investment Properties for Sale
$265,000
MLS 20261031770
Bagley
Multi Family
4 beds 2 baths 2,200 sq.ft.
CAP RATE Trad. 5.42% Airbnb 8.68%
Investment Properties for Sale
$250,000
MLS 20261038606
Russell Woods
Multi Family
5 beds 3 baths 2,649 sq.ft.
CAP RATE Trad. 10.52% Airbnb 6.87%
Investment Properties for Sale
$139,900
MLS 20251043977
Chandler Park
Multi Family
4 beds 2 baths 3,921 sq.ft.
CAP RATE Trad. 11.13% Airbnb 6.55%
Investment Properties for Sale
$115,000
MLS 20261008571
Fitzgerald
Multi Family
5 beds 2 baths 1,722 sq.ft.
CAP RATE Trad. 11.06% Airbnb 6.56%
Investment Properties for Sale
$169,000
MLS 20261025647
Fitzgerald
Multi Family
4 beds 2 baths 2,065 sq.ft.
CAP RATE Trad. 9.72% Airbnb 6.34%
Investment Properties for Sale
$149,000
MLS 20261047019
Marina District
Multi Family
2 beds 2 baths 2,124 sq.ft.
CAP RATE Trad. 9.57% Airbnb 5.43%
Investment Properties for Sale
$183,300
MLS 20261036665
Grandmont-Rosedale
Multi Family
6 beds 2 baths 2,704 sq.ft.
CAP RATE Trad. 9.63% Airbnb 5.07%

Condos for Sale in Detroit, MI

Investment Properties for Sale
$120,900
MLS 20230100450
Lafayette Park
Condo/Coop
2 beds 1 baths 1,311 sq.ft.
CAP RATE Trad. 1.40% Airbnb 10.10%
Investment Properties for Sale
$137,000
MLS 20250027872
Lafayette Park
Condo/Coop
2 beds 1 baths 1,260 sq.ft.
CAP RATE Trad. -1.02% Airbnb 9.53%
Investment Properties for Sale
$260,000
MLS 60965771
Corktown
Condo/Coop
3 beds 1 baths 1,200 sq.ft.
CAP RATE Trad. 2.23% Airbnb 7.33%
Investment Properties for Sale
$315,000
MLS 20261028833
West Side Industrial
Condo/Coop
2 beds 2 baths 1,200 sq.ft.
CAP RATE Trad. 6.59% Airbnb 3.81%
Investment Properties for Sale
$145,000
MLS 20250015074
West Side Industrial
Condo/Coop
1 beds 1 baths 690 sq.ft.
CAP RATE Trad. 4.59% Airbnb 3.57%
Investment Properties for Sale
$37,400
MLS 26024085
Lafayette Park
Condo/Coop
1 beds 1 baths 63,192 sq.ft.
CAP RATE Trad. -8.14% Airbnb 3.62%
Investment Properties for Sale
$399,900
MLS 20251060154
Brush Park
Condo/Coop
2 beds 2 baths 1,318 sq.ft.
CAP RATE Trad. 1.52% Airbnb 2.18%
Investment Properties for Sale
$564,999
MLS 20251015362
Downtown
Condo/Coop
3 beds 2 baths 1,848 sq.ft.
CAP RATE Trad. 2.00% Airbnb 1.97%

Townhouses for Sale in Detroit, MI

Investment Properties for Sale
$80,000
MLS 20251039226
Islandview
Townhouse
2 beds 2 baths 1,302 sq.ft.
CAP RATE Trad. 12.09% Airbnb 2.94%
Investment Properties for Sale
$385,000
MLS 50209884
Brush Park
Townhouse
3 beds 2 baths 1,987 sq.ft.
CAP RATE Trad. 0.42% Airbnb 2.72%
Investment Properties for Sale
$474,490
MLS 20261020281
Lafayette Park
Townhouse
2 beds 3 baths 1,618 sq.ft.
CAP RATE Trad. 2.20% Airbnb 2.05%
Investment Properties for Sale
$489,435
MLS 20261040745
Lafayette Park
Townhouse
2 beds 3 baths 1,618 sq.ft.
CAP RATE Trad. 1.59% Airbnb 1.91%
Investment Properties for Sale
$356,000
MLS 20261042317
Islandview
Townhouse
4 beds 3 baths 2,100 sq.ft.
CAP RATE Trad. 3.80% Airbnb 1.07%
Investment Properties for Sale
$396,630
MLS 5CD3E3585FB0
Jefferies
Townhouse
2 beds 2 baths 1,618 sq.ft.
CAP RATE Trad. 3.06% Airbnb 0.93%
Investment Properties for Sale
$424,900
MLS 20261007309
Lafayette Park
Townhouse
3 beds 3 baths 1,618 sq.ft.
CAP RATE Trad. 2.15% Airbnb 0.64%
Investment Properties for Sale
$975,000
MLS 20261011612
Brush Park
Townhouse
3 beds 3 baths 2,491 sq.ft.
CAP RATE Trad. 0.91% Airbnb 0.47%

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

Eclectic industrial loft 5 Min to downtown
$141 per night Airbnb occupancy rate 54%
Loft 2 · 1 · 4
Rental Income: $2,327 per month
4.82
1278
1890's Stone and Brick Garden Loft
$123 per night Airbnb occupancy rate 47%
Apartment 1 · 1 · 3
Rental Income: $1,763 per month
4.88
1107
Vibrant Industrial Loft *King bed* Private entry
$141 per night Airbnb occupancy rate 52%
Loft 2 · 1 · 4
Rental Income: $2,233 per month
4.84
1093
Cozy & Charming Apartment in West Village
$108 per night Airbnb occupancy rate 34%
Apartment 1 · 1 · 4
Rental Income: $1,107 per month
4.78
926
Bright Midtown Apt Parking Attached
$128 per night Airbnb occupancy rate 31%
Apartment 1 · 1 · 2
Rental Income: $1,216 per month
4.83
923
Sunny Apt Close to Downtown
$120 per night Airbnb occupancy rate 30%
Apartment 1 · 1 · 2
Rental Income: $1,110 per month
4.8
848
Victorian 1890's Midtown Home
$110 per night Airbnb occupancy rate 50%
Apartment 1 · 1 · 2
Rental Income: $1,668 per month
4.87
794
Alexandrine Studio Midtown: Walk to the DIA
$113 per night Airbnb occupancy rate 34%
Apartment null · 1 · 4
Rental Income: $1,177 per month
4.93
787

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
Clinton Township $259,950 5% 1% $2,030 $1,365 160 21%
Lincoln Park $164,950 6% 2% $1,389 $1,126 110 29%
View all michigan cities

Vacation Rentals for Sale in michigan

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