Updated about 4 years ago on . Most recent reply
Areas for rental properties
Hi I’ve been doing some research on areas in Michigan that are the best for rental properties. Any ideas where is good for rentals?
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Metro Detroit
(my rental portfolio is here)
Purchase: $80k-$130k
Rent: $1200-$1500
ROI: Double Digit
Cash flow: couple hundred/month
Appreciation: Double digit (for past 10 years, will gladly send data)
Location: C, B- (suburbs and certain markets)
We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.
The bad reputation comes from OOS investors wanting $20k D market properties.
Investors can retire (FIRE) in a few years off these.
- Joe Hammel
- [email protected]
- 248-422-1685
FIRE Realty Team - Keller Williams
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