Investor market data · Michigan

Detroit, MI Rental Market for Investors

An estimated 82% of Detroit's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of October 2026.

See what pencils →Run a DSCR

$224,250Median list price1,182 active listings

$39,817Median STR revenue / yrprojected, gross

Homes in Detroit that pencil right now

A sample of active Detroit listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of October 2026.

$169,999DSCR 2.12
4 bed · 1 bath · 1,101 sqft
House in 48228 · built 1948
STR revenue
$37,517/yr
Est. interest-only payment
$1,181/mo
On the market 94 days · Listed by Keller Williams Legacy
Scout this home & market: 4-bed house in Detroit
$174,999DSCR 1.65
4 bed · 2 bath · 1,420 sqft
House in 48215 · built 2000
STR revenue
$27,210/yr
Est. interest-only payment
$1,101/mo
On the market 158 days · Listed by JoDoop Realty Management LLC
Scout this home & market: 4-bed house in Detroit
$219,999DSCR 1.27
3 bed · 1.5 bath · 1,720 sqft
House in 48221 · built 1929
STR revenue
$30,269/yr
Est. interest-only payment
$1,585/mo
On the market 64 days · Listed by Clients First, Realtors
Scout this home & market: 3-bed house in Detroit
$300,000DSCR 1.65
3 bed · 2.5 bath · 1,450 sqft
House in 48214 · built 1908
STR revenue
$43,695/yr
Est. interest-only payment
$1,761/mo
On the market 195 days · Listed by Redfin Corporation
Scout this home & market: 3-bed house in Detroit
$399,000DSCR 1.36
3 bed · 2.5 bath · 1,504 sqft
House in 48214 · built 2026
STR revenue
$46,746/yr
Est. interest-only payment
$2,284/mo
On the market 76 days · Listed by Signature Sotheby's International Realty
Scout this home & market: 3-bed house in Detroit

Ask about Detroit deals →Run any address yourself

As of October 2026, we analyzed 1,182 active for-sale homes in Detroit, Michigan. The typical listing is priced at $224,250 and is projected to generate about $39,817 a year as a short-term rental.

After setting aside an estimated 20% for operating costs, an estimated 82.0% of those homes could still cover an investor mortgage payment on short-term-rental income — well above the 53.1% median across the 200 major metros we track, ranking Detroit #6 of 200 for cash-flow potential.

On market momentum: homes in Detroit sit a median of 61 days on the market, and 27% of active listings came on in just the last 30 days — a steadily paced market, which shapes how much room there is to negotiate.

For a DSCR loan — which qualifies on the property's rental income rather than your personal income — that's a relatively healthy setup: in Detroit, a meaningful share of listings throw off enough short-term-rental income, after costs, to cover an estimated investor mortgage payment.

What actually works in Detroit

Detroit is a broad cash-flow market right now: 379 of the 669 Detroit homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $301,000.

Share of those listings clearing an DSCR of 1.25, by price and bedroom count. The smaller figure is the median DSCR for that group.
Price	1 bed	2 bed	3 bed	4 bed	5 bed
Under $150k	—	—	88%1.86	—	—
$150k–$250k	37%1.14	27%1.10	76%1.55	95%2.02	100%2.20
$250k–$350k	9%0.96	15%0.89	28%1.11	64%1.37	100%1.94
$350k–$500k	0%0.83	10%0.93	19%0.99	54%1.25	—
$500k+	—	0%0.77	7%0.88	—	22%1.17

Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.

Detroit in full

Active for-sale homes analyzed	1,182
Median list price	$224,250
Median projected STR revenue (annual, gross)	$39,817
Median average daily rate (ADR)	$216
Median occupancy	50%
Median beds	3
Median size	1,702 sqft
Estimated cash-flow-positive share	82.0%
Median days on market	61 days
New listings (last 30 days)	27.3% of active