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Updated over 3 years ago on . Most recent reply

Nick Paynter's profile image
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Nick Paynter
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Detroit Real Estate Forum

What are some good rental locations to invest in michigan?

Nick Paynter
Posted

I'm just getting started in the the realestate field and would like some suggestions for good towns or cities to invest in the state of Michigan.

Detroit, Michigan
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Joe Hammel
  • Real Estate Agent
  • from Metro Detroit, MI
  • Member since Nov 16, 2018
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Joe Hammel
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  • from Metro Detroit, MI
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Joe Hammel
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  • Metro Detroit, MI
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Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
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Here in Metro Detroit the "ring cities" we have a solid mix of $80-$120k purchase price, 1-1.5% deals or so, $200-$350/door, 10-14% ROI, "Good investment areas". Can go a little more aggressive (higher ROI/Cash flow and "lower" location), or a little more conservative (lower ROI/Cash flow and "higher" location) depending on your preference.

Warren, Redford, Harper Woods, Taylor, Lincoln Park, etc.

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