Redford, MI — Rental Investment Analysis

🟢STRONGexcellent cash flow market

Data: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.

Investment Summary

As of 2026, Redford, MI has a median cap rate of 9.3%, making it one of the top cash-flowing rental markets in the United States.

Redford is one of the strongest cash flow markets in the data. At $165,886 median home price, Redford is affordable by national standards and within reach for most conventional loans. With 3-bedroom rents around $1,845/month, the 9.3% cap rate tells the story. A typical rental here cash flows +$395/month after all expenses — strong passive income from day one.

The market passes the 1% rule (1.12%), which is increasingly rare and signals strong rent-to-price fundamentals. DSCR of 1.46 means the property's income comfortably covers debt service — DSCR loans should be easy to qualify for here.

Bottom line: Buy here if you want reliable monthly income. Redford is a cash flow market — don't expect rapid appreciation, but the checks come in every month.

Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.

Cap Rate

9.3%

Above average

Monthly Cash Flow

+$395

After all expenses

Price-to-Rent

7.5

Investor-friendly

DSCR

1.46

Passes lender test

Key Metrics

Median Home Price
$165,886
Average Rent (3BR)
$1,845/mo
Price-to-Rent Ratio
7.5(good)
1% Rule
1.12%(passes)
Cash-on-Cash Return
12.7%
Vacancy Rate
8.0%

Market Strength

Unemployment Rate
5%(+0.7% vs national)
Rent Growth (YoY)
+2.9%(national avg)
Population Growth
+0.7% YoY

Assumptions Used

20% down, 6.52% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

1.38%

of assessed value (MI avg)

Median Income

$63,202

household (MI avg)

Rent-to-Income

35%

Moderate

Section 8 Max Rent

$1,845/mo

3BR voucher payment

MI Investor Climate

Landlord Friendly

6/10

State Income Tax

Has state tax

Property Tax

1.38% effective

Population Trend

+0.7% (3yr)

Best Zip Codes in Redford for Investors

48240
Cap Rate: 10.3%Cash Flow: +$503/mo$155,335
48239
Cap Rate: 8.3%Cash Flow: +$287/mo$176,437

All Zip Codes in Redford

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
4824010.3%+$503$155,335$1,890/mo1.61
482398.3%+$287$176,437$1,800/mo1.31