Zip Code 48240 — Redford, MI
🟢STRONG— excellent cash flow marketCap Rate
10.3%
Monthly Cash Flow
+$503
Median Home Price
$155,335
DSCR
1.61
🏠 Fair Market Rents
- Studio
- $1,090/mo
- 1 Bedroom
- $1,210/mo
- 2 Bedroom
- $1,530/mo
- 3 Bedroom
- $1,890/mo
- 4 Bedroom
- $2,040/mo
📊 Investment Metrics
- Cap Rate
- 10.3%
- Cash-on-Cash Return
- 16.9%
- Price-to-Rent Ratio
- 6.8
- 1% Rule
- 1.22%
- Gross Rent Multiplier
- 6.8
- 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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