Is Redford, MI a good place to invest in rental property?

Redford, MI has a median modeled monthly cash flow of $-127 and a median cap rate of 5.4%, on a median sold price of $187,500. Prices changed +6.9% year over year.

What is the average cap rate in Redford, MI?

The median cap rate across recently sold homes in Redford, MI is 5.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Redford, MI?

The median sold price in Redford, MI is $187,500 (about $124 per square foot).

Investing in Redford, MI Real Estate

A data-driven snapshot of the Redford, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$187,500Median sold price

$124Median $/sqft

5.4%Median cap rate

$-127Modeled cash flow / mo

+6.9%Appreciation YoY

7.3Months of supply

386Active listings

637Sold (last 12 mo)

What the Redford numbers say

In Redford, MI, the median home sold for $187,500 (about $124 per square foot), and the typical deal models out to a 5.4% cap rate with a median $-127 of monthly cash flow. Sold prices moved +6.9% over the past year. Inventory sits at about 7.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Redford cash-flowing listings

CashFlowRE ranks every for-sale home in Redford, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Redford deals, or browse the national market data.