Redford, MI — Rental Investment Analysis
🟢STRONG— excellent cash flow marketData: 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
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)