Are you searching for other cities in the United States where you can get the most return on investment (ROI) for your real estate investment? If so, you’ve come to the right place!
In this article, we will provide you with reasons why you should consider investing in Detroit and some things you should know before investing elsewhere nationwide.
Why Invest in Detroit Michigan Real Estate?
Over the last five years, the Detroit real estate market has been one of the fastest growing real estate markets in the United States. Here investors can get a better cash flow return and enjoy awesome capital appreciation compared to other cities.
For example: as of January 2019, the median home price in the Detroit area is about $40,000 (Source: Crain’s Detroit Business), there’s no doubt that this is significantly less than the median price of $199,000 that the average home is selling for in the United States.
With the ongoing improvements and revitalization of downtown Detroit plus the diversification of the job market, Detroit Michigan has become one of the top cities in the United States where many companies like Google and real estate investors want to be.
Currently the real estate market in Detroit is a buyers’ market; this means that you can easily find one or more great properties in the Detroit area for less than what you would pay for one rental home in California or other states nationwide.
Should You Invest in Other Cash Flow Cities Nationwide?
There may be other cash flow cities nationwide like: Little Rock Arkansas, St. Louis Missouri or Dallas Texas but the biggest difference between Detroit and those other cities is our economy.
The economy in Detroit has transformed from an industrial economy to a technology-centered economy that’s lured in some of the biggest companies to open new offices because they want to be a part of the city’s growth
The vigorous jobs market in Detroit is drawing more people to relocate to this area every year.
Learn more about investing in Detroit Michigan and schedule a Strategy Properties tour of local investment properties by calling us at (734) 224-5454 or connect with us online strategyproperties.com