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
-0.5%
Median Cashflow
-$130/mo
Avg Rent Estimate
$1,476/mo
Avg Price
$173,456
Price Range
$55,800 - $312,900
Rent to Price
0.85%
okay ratio
Positive Cashflow
42%
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 -0.5% 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 -$130 with average rents of $1,476/month. Properties range from $55,800 to $312,900, offering entry points across multiple investment budgets.
Detroit, MI Rental Market Insights
- •Median cashflow is -$130/month — careful deal selection is essential here
- •6% median cap rate reflects a balanced risk-return profile
- •42% positive cashflow rate means roughly two in five properties are cash-flow positive
- •Moderately priced market with properties from $55,800 to $312,900