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Updated over 5 years ago on . Most recent reply

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Beatrice Chis
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best area in Michigan to purchase?

Beatrice Chis
Posted

Looking to purchase a rental property in Michigan, where would the best area be that would bring the greatest cash flow?

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Art Perkitny
  • Specialist
  • Cleveland, OH
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Art Perkitny
  • Specialist
  • Cleveland, OH
Replied

@Beatrice Chis

The cities with highest cash flow will be places like Detroit or Flint.

The map below shows rent to price ratios for census tracts in Detroit. 

The darker areas signify higher yields.

As you can see, the areas surrounding the urban core will have the greatest returns. 

However, I would caution you on solely basing your investment criteria on high yields.

These location will be great on paper but will almost certainly create problems in practice and cause cash flow to suffer due to the high risk of investing in such places. 

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