Let's address the objection head-on: Detroit's non-homestead (investor) property tax rate is among the highest in Michigan. We put that fact in the first paragraph of this post, and it's a line item in every conversation we have about a listing, with the year attached.
Here's why the investment case survives it. The tax applies to taxable value, which tracks Detroit's low assessed values, so the absolute dollar bill on a typical $130,000 rental usually runs $1,400 to $2,300 a year, and we walk through that deduction with you before we ever talk about income.
Compare that to a coastal market where the tax applies to a valuation five times higher, and Detroit's absolute tax burden is still among the lowest paths to a cash-flowing single-family rental in America.
Every listing conversation includes yearly taxes as a line item. If a number ever looks off, ask us for the actual tax bill and we'll send it.
Want the numbers behind a specific property? We’ll walk you through them line by line.
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