Ranking of Cash Flow Positive Properties Michigan for zip
The ranking across the USA can be found in USA Ranking
Discover the top rental investment opportunities across Michigan. Each region offers unique potential for real estate investment based on factors such as price appreciation, rent growth and demography. The locations are ranked based on RIA Score.
zip: 48240, Redford, Wayne County, MI.
Rank #1. RIA Score: 12.38
This region has experienced high 5.83% annual price appreciation since the beginning of the millennium. It has flat to negative rent growth.
The average GRM is low at 8.02, which makes it attractive for rent and hold investors.
In a 25-year time horizon, if price appreciation and rent growth matches the past, it can be expected to yield an excellent rate of return of 12.38% even with high mortgage interest.
Conclusion: Based on the analysis, in 48240, Redford, Wayne County, MI offers promising investment potential with an attractive 12.38% annual return on investment with 20% down payment.
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