Zip Code 48234 — Detroit, MI
🟢STRONG— excellent cash flow marketCap Rate
23.7%
Monthly Cash Flow
+$789
Median Home Price
$54,528
DSCR
3.72
🏠 Fair Market Rents
- Studio
- $810/mo
- 1 Bedroom
- $900/mo
- 2 Bedroom
- $1,140/mo
- 3 Bedroom
- $1,410/mo
- 4 Bedroom
- $1,520/mo
📊 Investment Metrics
- Cap Rate
- 23.7%
- Cash-on-Cash Return
- 75.5%
- Price-to-Rent Ratio
- 3.2
- 1% Rule
- 2.59%
- Gross Rent Multiplier
- 3.2
- 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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