Professional roi calculator optimized for multifamily properties in Detroit. Local market data shows 7.5% average cap rates and $235,000 median property values.
This calculator is optimized for multifamily property investments in Detroit. The market data above reflects current conditions in the Detroit real estate market, helping you make informed decisions about multifamily property investments.
The Detroit, MI multifamily real estate market offers unique investment opportunities. With a median home price of $235,000 and average cap rates of 7.5%,multifamily 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 multifamily investments in Detroit are approximately 12.5%.