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Get a quick view of rental returns, appreciation trends, and local growth data to evaluate real estate market strength and investment potential.
Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,315
$1,834
Appreciation
10.3%
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Job Growth
-0%
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Population
636,644
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The LTR Genie Score of Detroit, MI is 64 and STR Genie Score is 61, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is very low, which may be due to the low LTR Rent Growth Rate of 0.063%. However, the LTR Net ROI of 83.49% and STR Net ROI of 98.35% are relatively high, suggesting potential for good returns in both rental strategies. The 1-Year Price Appreciation Forecast of 1.37% indicates a stable market with slight growth potential. The STR Occupancy rate of 45.45% and STR Revenue of 1834 show a decent demand for short-term rentals in the area.
Detroit, MI is known for its affordable real estate prices and ongoing revitalization efforts, making it an attractive market for real estate investors. The city offers a diverse range of properties at varying price points, providing opportunities for investors with different budgets and investment goals.
In conclusion, Detroit, MI presents opportunities for both long-term and short-term rental investments, with potential for good returns in both strategies. Investors may consider diversifying their portfolio by investing in both rental types to maximize their profits in this market. However, thorough market research and due diligence are recommended to ensure success in this competitive real estate market.