Detroit Investment Analysis

Investment Property in Detroit, MI

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Detroit, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 72,000

Median

1,169

Avg/Sq.ft.
CASH ON CASH RETURN

14.00%

Traditional

9.00%

Airbnb
NUMBER OF PROPERTIES

11

Investment

2,007

Airbnb

940

Traditional

50%

Airbnb occupancy rate

Detroit, MI Properties Rental Prices

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Top Detroit, MI Neighborhoods - Real Estate Market Analysis

Indian Village
PROPERTY PRICE

$102,000

Median for city
CAP RATE

8.53%

Traditional

8.26%

Airbnb
RENTAL INCOME

$ 1,088

Traditional

$ 1,949

Airbnb

39%

Airbnb occupancy rate
Conner Creek Ind
PROPERTY PRICE

$102,000

Median for city
CAP RATE

17.90%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,073

Traditional

$ 1,882

Airbnb

41%

Airbnb occupancy rate
Core City
PROPERTY PRICE

$102,000

Median for city
CAP RATE

8.71%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,038

Traditional

$ 2,132

Airbnb

43%

Airbnb occupancy rate
Poletown East
PROPERTY PRICE

$102,000

Median for city
CAP RATE

19.71%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,042

Traditional

$ 1,626

Airbnb

39%

Airbnb occupancy rate
English Village
PROPERTY PRICE

$102,000

Median for city
CAP RATE

10.66%

Traditional

18.29%

Airbnb
RENTAL INCOME

$ 1,212

Traditional

$ 2,056

Airbnb

36%

Airbnb occupancy rate
East English Village
PROPERTY PRICE

$102,000

Median for city
CAP RATE

9.65%

Traditional

11.41%

Airbnb
RENTAL INCOME

$ 1,315

Traditional

$ 1,780

Airbnb

46%

Airbnb occupancy rate
NW Goldberg
PROPERTY PRICE

$102,000

Median for city
CAP RATE

11.18%

Traditional

13.39%

Airbnb
RENTAL INCOME

$ 1,038

Traditional

$ 1,614

Airbnb

39%

Airbnb occupancy rate
Southwest Detroit
PROPERTY PRICE

$102,000

Median for city
CAP RATE

9.21%

Traditional

11.35%

Airbnb
RENTAL INCOME

$ 1,021

Traditional

$ 1,838

Airbnb

49%

Airbnb occupancy rate
Grixdale
PROPERTY PRICE

$102,000

Median for city
CAP RATE

12.76%

Traditional

12.10%

Airbnb
RENTAL INCOME

$ 948

Traditional

$ 1,229

Airbnb

39%

Airbnb occupancy rate
Russell Woods
PROPERTY PRICE

$102,000

Median for city
CAP RATE

10.04%

Traditional

11.25%

Airbnb
RENTAL INCOME

$ 1,002

Traditional

$ 1,415

Airbnb

34%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Detroit, MI

Wonderful Downtown Ferndale Apt**Superb Location**
$71 per night Airbnb occupancy rate 93%
Apartment 1 · 1 · 2
Rental Income: $2,024 per month
4.95
692
3 Bed Cozy Home - Downtown Ferndale, MI
$70 per night Airbnb occupancy rate 75%
House 3 · 1 · 7
Rental Income: $1,593 per month
4.78
402
Madelyn’s  urban style loft with large patio.
$70 per night Airbnb occupancy rate 77%
Loft 1 · 1 · 2
Rental Income: $1,645 per month
4.91
367
Super Cute Fenced Home with 65”TV2 Baths King Beds
$153 per night Airbnb occupancy rate 70%
House 4 · 2 · 9
Rental Income: $3,290 per month
4.79
343
Super Cute Fenced Home WithNewAppliancesGrillBigTV
$151 per night Airbnb occupancy rate 62%
House 4 · 1 · 9
Rental Income: $2,844 per month
4.8
307
Newly Renovated Tudor - 3 Bedroom / 1 Bath
$80 per night Airbnb occupancy rate 70%
Apartment 3 · 1 · 6
Rental Income: $1,700 per month
4.83
294
Charming one bdrm near Downtown- entire unit
$61 per night Airbnb occupancy rate 70%
Apartment 1 · 1 · 3
Rental Income: $1,312 per month
4.84
275
Spacious House Redford / Detroit. Family friendly.
$185 per night Airbnb occupancy rate 82%
House 5 · 3 · 8
Rental Income: $4,610 per month
4.95
275

Real Estate Investment Analysis - Other Cities in michigan

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Traverse City $451,232 3% 3% $2,285 $2,477 366 34%
Redford $248,944 6% 5% $1,985 $2,664 366 58%
Lincoln Park $159,900 8% 11% $1,606 $2,729 61 56%
Garden City $199,900 6% 7% $1,719 $2,609 41 59%
Walled Lake $261,999 4% 7% $2,133 $3,646 33 61%
View all michigan cities

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