Ferndale, MI Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Ferndale, MI. Based on 10+ datapoints.
Ferndale, MI Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.2%
Avg Cash on Cash
-12.8%
Median Cashflow
-$605/mo
Avg Rent Estimate
$1,991/mo
Avg Price
$316,740
Price Range
$175K – $550K
approximate
Rent to Price
0.63%
low ratio
Positive Cashflow
11%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Ferndale, MI
Ferndale, MI is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.2%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Ferndale, MI is -$605 with average rents of $1,991/month. Properties are priced about $175,000 to $550,000, offering entry points across multiple investment budgets.
Ferndale, MI Rental Market Insights
- Median cashflow is -$605/month — careful deal selection is essential here
- 4.2% median cap rate is typical of appreciation-focused markets
- At 11% positive cashflow rate, Ferndale, MI requires selective property picks
- Mid-to-upper tier market with properties priced about $175,000 to $550,000
- Consider this market if your strategy favors equity growth with rental income covering holding costs