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
6.7%
Avg Cash on Cash
3.9%
Median Cashflow
$64/mo
Avg Rent Estimate
$1,689/mo
Avg Price
$183,970
Price Range
$65,600 - $420,000
Rent to Price
0.92%
okay 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 30+ analyzed datapoints. A median 6.7% cap rate combined with 3.9% 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 30+ analyzed properties, the median monthly cashflow in Detroit, MI is $64 with average rents of $1,689/month. Properties range from $65,600 to $420,000, offering entry points across multiple investment budgets.
Detroit, MI Rental Market Insights
- •Positive median cashflow of $64/month indicates most investors cover expenses
- •6.7% 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 $65,600 to $420,000