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 30+ datapoints.
Detroit, MI Long-Term Rental Investment Snapshot
Based on 30+ long-term rental datapoints
Median Cap Rate
8.3%
Avg Cash on Cash
6.8%
Median Cashflow
$220/mo
Avg Rent Estimate
$1,587/mo
Avg Price
$152,790
Price Range
$55,800 - $365,000
Rent to Price
1.04%
strong ratio
Positive Cashflow
75%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Detroit, MI
Detroit, MI delivers consistent cashflow for long-term rental investors. With 75% of properties generating positive monthly cashflow and a median of $220/month, this market rewards landlords who prioritize income stability. The rental demand in Detroit, MI supports reliable occupancy rates.
Based on 30+ analyzed properties, the median monthly cashflow in Detroit, MI is $220 with average rents of $1,587/month. Properties range from $55,800 to $365,000, offering entry points across multiple investment budgets.
Detroit, MI Rental Market Insights
- •Positive median cashflow of $220/month indicates most investors cover expenses
- •8.3% median cap rate places Detroit, MI among higher-yielding markets nationwide
- •75% of analyzed properties cash-flow positive — high probability of finding a deal
- •Moderately priced market with properties from $55,800 to $365,000
- •Ideal for investors building a portfolio of income-producing properties