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
6.2%
Avg Cash on Cash
0.6%
Median Cashflow
-$78/mo
Avg Rent Estimate
$1,521/mo
Avg Price
$173,230
Price Range
$50,000 - $352,400
Rent to Price
0.88%
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 40+ analyzed datapoints. A median 6.2% cap rate combined with 0.6% 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 -$78 with average rents of $1,521/month. Properties range from $50,000 to $352,400, offering entry points across multiple investment budgets.
Detroit, MI Rental Market Insights
- •Median cashflow is -$78/month — careful deal selection is essential here
- •6.2% 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 $50,000 to $352,400