Detroit, MI Cash on Cash Return Calculator
Calculate the cash-on-cash return for any rental property in Detroit. Based on current Detroit market data.
Detroit Market Snapshot
$85,000
$1,100/mo
11%
2.8%
$8,364
1.73
Based on median price, 25% down, 6.5% rate, 30-year term.
Run Your Detroit Numbers
Plug in any Detroit property to get Cash on Cash, NOI, cash flow, and more.
How Cash on Cash Works in Detroit
The Detroit rental market has a median home price of $85,000 and median rent of $1,100/month, which puts the average cash-on-cash return at roughly 11% for a typical single-family rental. That means for every dollar of property value, you can expect about 11 cents in annual net income before debt service.
With a 25% down payment ($21,250) and a 6.5% mortgage rate, a median Detroit rental generates roughly $8,364/yr in NOI against $4,836/yr in debt service, giving you a DSCR of 1.73. That comfortably exceeds the 1.25 minimum most DSCR lenders require.