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Investor loans · Wayne County, MI
DSCR and investor loans in Wayne County, MI
What a rental here earns against what it costs, the deals on the market, and lenders who finance investors.
- Homes for sale now
- 8,314
- MLS and Zillow listings, for sale or pending
- Median asking price
- $169,900
- Across the homes for sale now
- Median sale price
- $219,000
- Homes sold in the last 12 months
- Census median rent
- $1,132
- What renters here pay a month
The numbers for Wayne County
Worked from the local figures above. Each one says what it assumes; your own numbers come from your lender, agent or title company.
Rent to price
0.76%
A month's rent ($1,299) over the median asking price ($169,900); 1% is the old rule of thumb
Gross yield
9.2%
A year's rent over the price, before taxes, insurance, repairs and vacancy
25% down on the median
$42,000
What most DSCR lenders ask an investor to bring
Homes for sale in Wayne County
Every home for sale in Wayne CountyZillow
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Homes for sale, up to 300. Zoom in for prices; tap a pin to open the home.
Investor loans by city in Wayne County
- Detroit rent $1,074
- Dearborn rent $1,327
- Canton rent $1,501
- Livonia rent $1,322
- Westland rent $1,158
- Taylor rent $1,101
- Dearborn Heights rent $1,331
- Redford rent $1,365
- Lincoln Park rent $1,023
- Brownstown Township rent $1,196
- Northville Township rent $1,821
- Van Buren Township rent $1,230
- Southgate rent $1,120
- Allen Park rent $1,246
- Hamtramck rent $989
- Plymouth Township rent $1,192
- Garden City rent $1,150
- Inkster rent $1,170
- Romulus rent $1,049
- Wyandotte rent $972
- Trenton rent $880
- Wayne rent $974
- Huron Township rent $1,527
- Grosse Pointe Woods rent $1,879
- Harper Woods rent $1,351
- Woodhaven rent $1,096
- Melvindale rent $1,110
- Riverview rent $1,101
- Grosse Pointe Park rent $1,379
- Sumpter Township rent $1,188
- Grosse Ile Township rent $1,414
- Flat Rock rent $919
- Grosse Pointe Farms rent $1,408
- Plymouth rent $1,217
- Ecorse rent $840
- Highland Park rent $688
- River Rouge rent $839
- Northville rent $1,623
- Grosse Pointe rent $1,725
- Gibraltar rent $1,276
- Belleville rent $1,079
- Rockwood rent $1,037
Investor loans nearby
Who you are dealing with
Tevin Jackson, founder of Rebuild Detroit
Tevin Jackson founded Rebuild Detroit to put Metro Detroit's homes, numbers and local pros in one place you can trust. Every figure on this Wayne County page says where it comes from, and every pro listed is ranked the same way, by reviews, license and years in business.
- Detroit real estate investor
- Author of Against All Odds and The Spark
- Helped scale 100+ home service brands
Investor loans in Wayne County FAQ
2 questions
Do rentals in Wayne County cash flow?
A month's rent here runs about $1,299 against a median asking price of $169,900. A DSCR lender wants the rent to cover the payment, taxes and insurance, usually by 1.0 to 1.25 times.
Where do these numbers come from?
Census five-year estimates for the place, the MLS and Zillow listings and sales in the Rebuild Detroit homes index, and the Rebuild Detroit directory for the local pros.