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 40+ datapoints.
Detroit, MI Long-Term Rental Investment Snapshot
Based on 40+ long-term rental datapoints
Median Cap Rate
7.6%
Avg Cash on Cash
5.1%
Median Cashflow
$142/mo
Avg Rent Estimate
$1,577/mo
Avg Price
$155,880
Price Range
$55,800 - $312,900
Rent to Price
1.01%
strong ratio
Positive Cashflow
62%
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 40+ analyzed datapoints. A median 7.6% cap rate combined with 5.1% 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 40+ analyzed properties, the median monthly cashflow in Detroit, MI is $142 with average rents of $1,577/month. Properties range from $55,800 to $312,900, offering entry points across multiple investment budgets.
Detroit, MI Rental Market Insights
- •Positive median cashflow of $142/month indicates most investors cover expenses
- •7.6% median cap rate reflects a balanced risk-return profile
- •62% positive cashflow rate means roughly half properties are cash-flow positive
- •Moderately priced market with properties from $55,800 to $312,900