3 Reasons To Invest In Detroit Real Estate

1. Cashflow

Detroit has the highest rent-to-value ratio in the country. Tenant occupied properties are selling for less than $60,000 with rents at $850-$900 per month. It gets better, if you have an appetite for more risk you can find rentals for under $30,000 that need some work. If you go this route make sure you understand the neighborhood that you're planning to invest in.

2. Affordability

Detroit has a low cost of living compared to the rest of the US. The average home in Detroit is $52,000 and the cost of living index for Detroit is 17$ lower than the national average.

3. Growing Economy

Over the last 6 year Detroit homes have appreciated by 68% with the national average has only increased by 41%. Detroit metro outperforms similar markets when it comes to attracting educated Millennials.

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