Detroit Investment Analysis

Investment Property in Detroit, MI

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Detroit, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$99,952

Median

2,260

Avg/Sq.ft.
CASH ON CASH RETURN

10.00%

Traditional

5.00%

Airbnb
NUMBER OF PROPERTIES

5,593

Investment

8,056

Airbnb

309

Traditional

30%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

1,408

Number of homes sold

53

Median days on market

95%

Average sale-to-list price ratio

34%

Percentage of listings with price drops

5,593

Active listings count

2,724

New listings count

7.3

Months of supply

Detroit, MI Properties Rental Prices

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Investment Properties for Sale in Detroit, MI

Investment Properties for Sale
$95,000
MLS 20261066852
Oakwood Heights
Single Family Residential
3 beds 1 baths 974 sq.ft.
CAP RATE Trad. 11.93% Airbnb 10.48%
Investment Properties for Sale
$215,000
MLS 20261037314
Russell Woods
Other
7 beds 2 baths 2,750 sq.ft.
CAP RATE Trad. 9.41% Airbnb 10.16%
Investment Properties for Sale
$189,000
MLS 20261086870
Russell Woods
Other
5 beds 2 baths 1,746 sq.ft.
CAP RATE Trad. 10.31% Airbnb 10.18%
Investment Properties for Sale
$160,000
MLS 26045428
Kranz Woods
Single Family Residential
3 beds 1 baths 1,158 sq.ft.
CAP RATE Trad. 5.82% Airbnb 10.21%
Investment Properties for Sale
$65,000
MLS 20261077959
North Rosedale Park
Other
2 beds 1 baths 795 sq.ft.
CAP RATE Trad. 9.46% Airbnb 10.58%
Investment Properties for Sale
$139,900
MLS 20261070534
Barton-McFarland
Other
4 beds 3 baths 1,890 sq.ft.
CAP RATE Trad. 10.03% Airbnb 10.14%
Investment Properties for Sale
$199,000
MLS 26046733
Russell Woods
Other
6 beds 3 baths N/A sq.ft.
CAP RATE Trad. 1.66% Airbnb 10.02%
Investment Properties for Sale
$79,900
MLS 20261058915
Old Redford
Single Family Residential
2 beds 1 baths 1,088 sq.ft.
CAP RATE Trad. 8.09% Airbnb 10.37%

Single Family Houses for Sale in Detroit, MI

Investment Properties for Sale
$95,000
MLS 20261066852
Oakwood Heights
Single Family Residential
3 beds 1 baths 974 sq.ft.
CAP RATE Trad. 11.93% Airbnb 10.48%
Investment Properties for Sale
$160,000
MLS 26045428
Kranz Woods
Single Family Residential
3 beds 1 baths 1,158 sq.ft.
CAP RATE Trad. 5.82% Airbnb 10.21%
Investment Properties for Sale
$79,900
MLS 20261058915
Old Redford
Single Family Residential
2 beds 1 baths 1,088 sq.ft.
CAP RATE Trad. 8.09% Airbnb 10.37%
Investment Properties for Sale
$99,000
MLS 26047429
Regent Park
Single Family Residential
4 beds 2 baths 1,199 sq.ft.
CAP RATE Trad. 11.61% Airbnb 10.21%
Investment Properties for Sale
$160,000
MLS 26049727
Kranz Woods
Single Family Residential
3 beds 2 baths 1,048 sq.ft.
CAP RATE Trad. 6.55% Airbnb 9.99%
Investment Properties for Sale
$187,500
MLS 20261085898
Core City
Single Family Residential
4 beds 2 baths 1,461 sq.ft.
CAP RATE Trad. 5.69% Airbnb 9.91%
Investment Properties for Sale
$98,777
MLS 20261073985
Eight Mile Wyoming
Single Family Residential
3 beds 2 baths 1,130 sq.ft.
CAP RATE Trad. 7.56% Airbnb 10.12%
Investment Properties for Sale
$55,000
MLS 20261023515
Blackstone Park
Single Family Residential
2 beds 1 baths 866 sq.ft.
CAP RATE Trad. 12.25% Airbnb 10.47%

Multi Family Houses for sale in Detroit, MI

Investment Properties for Sale
$193,000
MLS 20261062642
Russell Woods
Multi Family
6 beds 2 baths 2,600 sq.ft.
CAP RATE Trad. 4.25% Airbnb 9.96%
Investment Properties for Sale
$77,500
MLS 20261068549
Grandmont-Rosedale
Multi Family
4 beds 2 baths 2,302 sq.ft.
CAP RATE Trad. 11.16% Airbnb 9.38%
Investment Properties for Sale
$119,900
MLS 20261068971
Russell Woods
Multi Family
4 beds 2 baths 2,148 sq.ft.
CAP RATE Trad. 5.42% Airbnb 8.31%
Investment Properties for Sale
$195,000
MLS 20261080321
Southwest Detroit
Multi Family
6 beds 3 baths 2,954 sq.ft.
CAP RATE Trad. 10.09% Airbnb 7.26%
Investment Properties for Sale
$115,900
MLS 20261055388
Fitzgerald
Multi Family
5 beds 2 baths 2,443 sq.ft.
CAP RATE Trad. 7.14% Airbnb 6.42%
Investment Properties for Sale
$219,000
MLS 20261056652
Kranz Woods
Multi Family
4 beds 2 baths 2,020 sq.ft.
CAP RATE Trad. 7.06% Airbnb 6.25%
Investment Properties for Sale
$295,000
MLS 20261059051
Petosky-Otsego
Multi Family
6 beds 4 baths 2,584 sq.ft.
CAP RATE Trad. 1.83% Airbnb 6.18%
Investment Properties for Sale
$120,000
MLS 20261080756
Russell Woods
Multi Family
4 beds 2 baths 2,000 sq.ft.
CAP RATE Trad. 4.69% Airbnb 6.33%

Condos for Sale in Detroit, MI

Investment Properties for Sale
$90,000
MLS 26028585
Regent Park
Condo/Coop
4 beds 1 baths 844 sq.ft.
CAP RATE Trad. 11.47% Airbnb 9.19%
Investment Properties for Sale
$199,900
MLS 20261080800
Rivertown
Condo/Coop
2 beds 2 baths 1,214 sq.ft.
CAP RATE Trad. 5.59% Airbnb 7.15%
Investment Properties for Sale
$99,900
MLS 20261074069
New Center
Condo/Coop
1 beds 1 baths 538 sq.ft.
CAP RATE Trad. 5.28% Airbnb 7.12%
Investment Properties for Sale
$75,000
MLS 26044816
Riverdale
Condo/Coop
2 beds 1 baths 683 sq.ft.
CAP RATE Trad. 6.93% Airbnb 6.59%
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 6.05%
Investment Properties for Sale
$75,000
MLS 26051620
Riverdale
Condo/Coop
2 beds 1 baths 800 sq.ft.
CAP RATE Trad. 9.03% Airbnb 5.82%
Investment Properties for Sale
$54,000
MLS 20261077592
Blackstone Park
Condo/Coop
2 beds 1 baths 687 sq.ft.
CAP RATE Trad. 10.75% Airbnb 5.88%
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 4.90%

Townhouses for Sale in Detroit, MI

Investment Properties for Sale
$150,000
MLS 20261074503
Fitzgerald
Townhouse
4 beds 2 baths 1,850 sq.ft.
CAP RATE Trad. 12.33% Airbnb 8.13%
Investment Properties for Sale
$275,000
MLS 20261080801
West Village
Townhouse
4 beds 2 baths 1,550 sq.ft.
CAP RATE Trad. 6.34% Airbnb 3.91%
Investment Properties for Sale
$180,000
MLS 20261071802
Lafayette Park
Townhouse
2 beds 2 baths 1,345 sq.ft.
CAP RATE Trad. -0.87% Airbnb 3.22%
Investment Properties for Sale
$224,500
MLS 50225705
Lafayette Park
Townhouse
3 beds 2 baths 1,604 sq.ft.
CAP RATE Trad. 0.12% Airbnb 2.84%
Investment Properties for Sale
$399,900
MLS 20261055294
Briggs
Townhouse
3 beds 3 baths 1,545 sq.ft.
CAP RATE Trad. 5.28% Airbnb 2.79%
Investment Properties for Sale
$399,900
MLS 20261079074
Brush Park
Townhouse
3 beds 2 baths 1,520 sq.ft.
CAP RATE Trad. 2.41% Airbnb 2.47%
Investment Properties for Sale
$219,999
MLS 20261056923
Lafayette Park
Townhouse
3 beds 3 baths 1,400 sq.ft.
CAP RATE Trad. 1.50% Airbnb 2.11%
Investment Properties for Sale
$450,000
MLS 20261072882
Briggs
Townhouse
2 beds 3 baths 1,480 sq.ft.
CAP RATE Trad. 3.45% Airbnb 1.77%

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
$208 per night Airbnb occupancy rate 65%
Loft 2 · 1 · 4
Rental Income: $4,125 per month
4.83
1323
1890's Stone and Brick Garden Loft
$132 per night Airbnb occupancy rate 73%
Apartment 1 · 1 · 3
Rental Income: $2,926 per month
4.88
1141
Vibrant Industrial Loft *King bed* Private entry
$125 per night Airbnb occupancy rate 62%
Loft 2 · 1 · 4
Rental Income: $2,344 per month
4.84
1127
Huge 4BD Historic Detroit Home
$138 per night Airbnb occupancy rate 43%
House 4 · 3.5 · 8
Rental Income: $1,806 per month
4.87
1039
Cozy & Charming Apartment in West Village
$164 per night Airbnb occupancy rate 43%
Apartment 1 · 1 · 4
Rental Income: $2,146 per month
4.77
951
Bright Midtown Apt Parking Attached
$150 per night Airbnb occupancy rate 34%
Apartment 1 · 1 · 2
Rental Income: $1,550 per month
4.83
948
Sunny Apt Close to Downtown
$126 per night Airbnb occupancy rate 27%
Apartment 1 · 1 · 2
Rental Income: $1,050 per month
4.8
866
Wonderful Downtown Ferndale Apt**Superb Location**
$83 per night Airbnb occupancy rate 79%
Apartment 1 · 1 · 2
Rental Income: $1,985 per month
4.95
832

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 $249,000 5% 1% $1,784 $1,453 173 26%
Lincoln Park $166,000 6% 5% $1,415 $1,876 94 32%
Walled Lake $289,900 3% 1% $2,147 $1,535 79 35%
Garden City $235,000 5% 1% $1,680 $1,365 76 28%
View all michigan cities

Vacation Rentals for Sale in michigan

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