Zip Code 48223 — Detroit, MI
🟢STRONG— excellent cash flow marketA
Excellent
Strong cash flow + low risk · Score: 84/100
Cap Rate
14.4%
Monthly Cash Flow
+$591
Median Home Price
$88,710
DSCR
2.25
Fair Market Rents
- Studio
- $830/mo
- 1 Bedroom
- $920/mo
- 2 Bedroom
- $1,170/mo
- 3 Bedroom
- $1,450/mo
- 4 Bedroom
- $1,560/mo
Investment Metrics
- Cap Rate
- 14.4%
- Cash-on-Cash Return
- 34.8%
- Price-to-Rent Ratio
- 5.1
- 1% Rule
- 1.63%
- Gross Rent Multiplier
- 5.1
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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