Professional cap rate calculator optimized for residential properties in Detroit. Local market data shows 7.5% average cap rates and $235,000 median property values.
This calculator is optimized for residential property investments in Detroit. The market data above reflects current conditions in the Detroit real estate market, helping you make informed decisions about residential property investments.
The Detroit, MI residential real estate market offers unique investment opportunities. With a median home price of $235,000 and average cap rates of 7.5%,residential properties in this market present a strong yield profile.
Current market conditions show properties averaging 45 days on market, with year-over-year appreciation of 3.8%. Average cash-on-cash returns for residential investments in Detroit are approximately 12.5%.