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 20+ datapoints.
Detroit, MI Long-Term Rental Investment Snapshot
Based on 20+ long-term rental datapoints
Median Cap Rate
6.1%
Avg Cash on Cash
0.2%
Median Cashflow
-$13/mo
Avg Rent Estimate
$1,738/mo
Avg Price
$225,858
Price Range
$65,600 - $547,900
Rent to Price
0.77%
okay ratio
Positive Cashflow
48%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Detroit, MI
Detroit, MI is an emerging long-term rental market gaining investor attention. With 20+ properties analyzed, early data shows the market is developing. The median cap rate of 6.1% suggests room for early-mover advantage as more rental inventory becomes available.
Based on 20+ analyzed properties, the median monthly cashflow in Detroit, MI is -$13 with average rents of $1,738/month. Properties range from $65,600 to $547,900, offering entry points across multiple investment budgets.
Detroit, MI Rental Market Insights
- •Median cashflow is -$13/month — careful deal selection is essential here
- •6.1% median cap rate reflects a balanced risk-return profile
- •48% positive cashflow rate means roughly two in five properties are cash-flow positive
- •Mid-to-upper tier market with properties from $65,600 to $547,900
- •Early-stage market data — revisit as more properties are analyzed for stronger signals