Detroit Investment Analysis

Investment Property in Detroit, MI

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Detroit, MI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 72,000

Median

1,187

Avg/Sq.ft.
CASH ON CASH RETURN

14.00%

Traditional

14.00%

Airbnb
NUMBER OF PROPERTIES

9

Investment

4,459

Airbnb

940

Traditional

56%

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

Industrial Vibe Loft-King Bed Suite w Private Door
$96 per night Airbnb occupancy rate 81%
Loft 2 · 1 · 2
Rental Income: $2,360 per month
4.81
1106
Historic Little Paris: Walk to LCA, Ford, Comerica
$184 per night Airbnb occupancy rate 49%
Loft null · 1 · 4
Rental Income: $2,745 per month
4.92
949
1890's Stone and Brick Garden Loft
$102 per night Airbnb occupancy rate 64%
Apartment 1 · 1 · 3
Rental Income: $1,998 per month
4.87
938
Revitalized Industrial Loft~ Private Door, Parking
$98 per night Airbnb occupancy rate 75%
Loft 2 · 1 · 4
Rental Income: $2,254 per month
4.82
891
Huge 4BD Historic Detroit Home
$153 per night Airbnb occupancy rate 75%
House 4 · 3.5 · 8
Rental Income: $3,519 per month
4.87
851
Cozy & Charming Apartment in West Village
$119 per night Airbnb occupancy rate 67%
Apartment 1 · 1 · 4
Rental Income: $2,440 per month
4.78
817
Bright Midtown Apartment with Parking
$127 per night Airbnb occupancy rate 69%
Apartment 1 · 1 · 2
Rental Income: $2,667 per month
4.83
805
Sunny Apt Close to Downtown
$115 per night Airbnb occupancy rate 49%
Apartment 1 · 1 · 2
Rental Income: $1,715 per month
4.79
783

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%
Lincoln Park $159,900 8% 10% $1,606 $2,509 61 69%
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

Vacation Rentals for Sale in michigan

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