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Detroit, MI Long-Term Rental Analysis

Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Detroit, MI. Based on 50+ datapoints.

Detroit, MI Long-Term Rental Investment Snapshot

Based on 50+ long-term rental datapoints

Median Cap Rate

6%

Avg Cash on Cash

-0.9%

Median Cashflow

-$138/mo

Avg Rent Estimate

$1,483/mo

Avg Price

$172,417

Price Range

$65,900 - $292,400

Rent to Price

0.86%

okay ratio

Positive Cashflow

43%

of analyzed properties

Recent real estate investor listings analysed as long-term rental deals in Detroit, MI

Detroit, MI presents a balanced long-term rental investment profile across 50+ analyzed datapoints. A median 6% cap rate combined with -0.9% average cash-on-cash returns make this a solid market for investors seeking a mix of cashflow and stability at a moderately priced price point.

Based on 50+ analyzed properties, the median monthly cashflow in Detroit, MI is -$138 with average rents of $1,483/month. Properties range from $65,900 to $292,400, offering entry points across multiple investment budgets.

10346 Lakepointe St, Detroit, MI 48224

Price

$179,999

Rent

$1,678

CachFlow

$23

CoC

0.73

Full Analysis

15461 Vaughan St, Detroit, MI 48223

Price

$99,800

Rent

$1,502

CachFlow

$247

CoC

14.14

Full Analysis

6044 Vancourt St, Detroit, MI 48210

Price

$125,000

Rent

$1,777

CachFlow

$613

CoC

28.02

Full Analysis

7675 Greenview Ave, Detroit, MI 48228

Price

$86,000

Rent

$1,255

CachFlow

$436

CoC

28.97

Full Analysis

7735 Bramell, Detroit, MI 48239

Price

$109,400

Rent

$1,535

CachFlow

$400

CoC

20.89

Full Analysis
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Detroit, MI Rental Market Insights

  • Median cashflow is -$138/month — careful deal selection is essential here
  • 6% median cap rate reflects a balanced risk-return profile
  • 43% positive cashflow rate means roughly two in five properties are cash-flow positive
  • Moderately priced market with properties from $65,900 to $292,400

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