We usually don't analyze residential properties (1-4) with Cap Rate...but your price points are quite high, so maybe those are 5+ units?...

Lots of lenders are pulling back on the refinances because of some markets declining and rates being so high.

@Juan VargasCredit card stacking is an easy to to ruin your credit and go into massive consumer debt at an extremely high interest rate.

High rental demand so good tenants.

Note* Cypress fencing is no longer available since the Wuhan Flu outbreak.Currently, these scrub trees growing taller exceeding my boundary just feet from the rear of my pool cage.The side neighbor (rental house)  has a large oak tree towering high with branches exceeding  my fence and rapidly reaching for the pool area.

It's a very competative segment as it is highly sought after for the same reasons you are looking at it.

Based on your goals, experience level, and my assumption that high earning w-2s tend to be demanding of your time, I actually think that there are better ways for you to offset your w-2 income.

I feel that a new investor doing a BRRRR is too risky and does not have a high success rate.

Yes, it is good area so I think it will appreciate, just we already bought with high price so not sure how much appreciated. 

I highly recommend Travis' newsletter about all things Detroit (and beyond) https://www.buyingdetroitrealestate.com/.