It's been a great sweet spot for offering affordable rental units that are in high demand.

I was actually a student at the university there not too long ago, part of the wine program.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

. $22.4K for apartments or $27.9K overall).RevPAR (Revenue Per Available Rental): $96.08, up 7%🛏️ 1–3 Bedroom Properties See the Most Activity1-bedroom units: 39% of the market2-bedroom: 23%3-bedroom: 25%These units hit the sweet spot for traveling professionals, couples, and small families—providing value and space without overwhelming costs.👉 Investor Tip: 3-bedroom homes are a strong balance—they offer more capacity, flexibility for longer stays, and still keep utility and maintenance costs manageable.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Good areas tend to sprawl a bit so something on the fringe especially if in need of upgrades might be the sweet spot to get your feet wet while building equity. 

Quote from @Stacy Tring: @Cari Sweet Thanks for the detailed reply.

People who did it wrong and weren't able to execute.If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Currently based in California, I’m on the hunt for a market that hits the sweet spot: meets the 1% rule, generates solid cash flow, and builds long-term equity.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.