Detroit-Warren-Dearborn Metro Area

Rental Property Analysis in Detroit, Michigan

Find the most profitable long-term rental properties in Detroit. Analyze any zip code and instantly discover the top 20 deals ranked by Cash-on-Cash return.

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Detroit Rental Market Overview

Key statistics for real estate investors in the Detroit-Warren-Dearborn area

4.4 million
Metro Population
$220,000
Median Home Price
$1,250
Average Rent
10-14%
Avg Cash-on-Cash

Why Invest in Detroit Rental Properties?

Very low entry prices with high cash flow
Auto industry resurgence and EV investments
Strong healthcare sector
Growing tech and startup ecosystem
Urban renewal attracting young professionals

Current Market Trends

Suburban markets safer for investors
Downtown revitalization continuing
EV manufacturing creating jobs
Careful neighborhood selection critical

Popular Investment Areas in Detroit

These neighborhoods are frequently analyzed by investors for long-term rental opportunities

Royal Oak
Southfield
Warren
Troy
Livonia
Dearborn

Top Zip Codes to Analyze in Detroit

Enter any of these zip codes in Smart Rental Investor to find profitable deals

48067
48075
48089
48083
48150
48124

How to Find Profitable Rentals in Detroit

Smart Rental Investor makes it easy to analyze the Detroit market

1

Enter a Detroit Zip Code

Type any MI zip code to scan the entire market

2

Set Your Criteria

Define budget, down payment, and loan terms

3

Get Top 20 Deals

Instantly see properties ranked by Cash-on-Cash return

4

Analyze & Export

Review 12+ metrics and export to CSV

Metrics Calculated for Every Detroit Property

Cash-on-Cash Return

Cap Rate

Monthly Cash Flow

Total ROI

Gross Rent Multiplier

Debt Service Coverage

Break-Even Ratio

Price per Sq Ft

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