Zip Code 48207 — Detroit, MI
🟢STRONG— excellent cash flow marketCap Rate
8.9%
Monthly Cash Flow
+$310
Median Home Price
$147,426
DSCR
1.40
🏠 Fair Market Rents
- Studio
- $920/mo
- 1 Bedroom
- $1,020/mo
- 2 Bedroom
- $1,290/mo
- 3 Bedroom
- $1,590/mo
- 4 Bedroom
- $1,720/mo
📊 Investment Metrics
- Cap Rate
- 8.9%
- Cash-on-Cash Return
- 11.0%
- Price-to-Rent Ratio
- 7.7
- 1% Rule
- 1.08%
- Gross Rent Multiplier
- 7.7
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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