Why Invest in Detroit?
Affordable Entry Points
Detroit offers some of the most competitive property prices in the nation, ideal for both first-time and seasoned investors.Your investment dollar goes further in Detroit, from single-family homes to multi-family units.
Rising Rental Demand
Revitalized neighborhoods and a growing population are driving rental demand. Detroit’s rental market is thriving, with high occupancy rates and increasing rents in key neighborhoods.
High ROI Potential
Proven strategies like BRRRR (Buy, Rehab, Rent, Refinance, Repeat) can maximize cash flow and equity growth, particularly in neighborhoods undergoing revitalization.
With Detroit’s upward momentum and the unparalleled support of HomeMe Inc., The Lonsway Team, and Fast Track Improvements, your real estate investment journey starts here. Let us help you build wealth while contributing to Detroit’s revitalization.
Detroit Market Snapshot
(DEC 16, 2024 - JAN 15, 2025)
Detroit Market Snapshot
Detroit Market Trends
Meet Your Detroit Dream Team
The Lonsway Team: Your Real Estate Experts
The Lonsway Team is dedicated to helping investors navigate Detroit’s real estate market with confidence. Their extensive local knowledge ensures you’ll find high-potential properties that align with your goals.
Property Sourcing
Access to undervalued & off-market properties
Acquisition Specialiats
Expert negotiation and transaction management.
Investor Support
Navigate Detroit's market with confidence
In-House Construction
Providing a streamlined investment experience
Our Agents
My name is Michael Williams, and I am a licensed REALTOR® proudly working with the Lonsway Team at Real Broker, LLC - Troy. I have earned a Bachelor of Science in Business Administration (BSBA) with a specialization in Real Estate Development and Finance from Central Michigan University. This educational background has provided me with a robust and thorough understanding of the complexities of the real estate market, enabling me to analyze properties, assess developments, and strategize effectively.
Why work with me?
- With over six years of diverse experience in the real estate industry, I have honed my skills and developed a wealth of knowledge about market trends, property valuation techniques, and effective investment strategies. My experience spans various sectors, including residential sales, property management, and real estate investment, which allows me to offer a well-rounded perspective to my clients. I take great pride in my dedication to my clients, which is reflected in my unwavering commitment to providing expert guidance tailored to each individual's specific needs and circumstances.
- Whether you are a first-time homebuyer seeking the perfect starter home, a homeowner considering selling your property to upgrade to a larger space, or an investor looking to acquire real estate for rental income, I work diligently to ensure that your journey is smooth, efficient, and characterized by the highest level of professionalism.
- I understand that navigating the real estate market can be overwhelming, and I am here to simplify the process for you. Together, we will develop a comprehensive plan that aligns with your goals and aspirations, allowing us to tackle the dynamic real estate landscape with confidence. Let’s take this exciting journey together and turn your real estate dreams into reality.
Welcome HomeMe - Email: info@homemeinc.com | Ph: 248-487-1835
REALTOR® #6501429456 | The Lonsway Team - Acquisition Specialist
Brokerage: Real Broker, LLC - Troy | Brokerage License: 6505431497
Address: MI - 39899 Balentine Dr, Ste 200, Newark, CA 94560 - David J Mueller - Designated Broker
Michael Williams Agent | 6501429456
801 W Big Beaver Rd Suite 300 #1103, Troy, MI, 48084, USA
Renovations Made Easy
Fast Track Improvements:Fast Track Improvements specializes in transforming Detroit properties into valuable assets. Whether it’s a light cosmetic refresh or a full-scale renovation, they ensure projects are completed on time, on budget, and to the highest standards.
Full-scale Renovations
Done on time, on budget, with the highest standard
Property Preservation
From cosmetic rehab's to a full-scale reno's
Custom Solutions
Tailored rehab plans designed to maximize your ROI
Source to Sale
From sourcing the perfect property to flipping it
Top Investment Neighborhoods in Detroit
Bagley & University District: This vibrant neighborhood is a sought-after destination, known for its high rental demand and welcoming atmosphere. Residents enjoy easy access to outstanding schools, ensuring top-quality education for families. The area is enriched by a diverse array of cultural attractions, from art galleries and theaters to local festivals that celebrate its unique heritage. With tree-lined streets and charming parks, this community seamlessly blends convenience with a friendly environment, making it an ideal spot for both residents seeking a sense of belonging and visitors eager to explore its many offerings.
Rosedale Park: The neighborhood provides a charming suburban atmosphere, complete with tree-lined streets and spacious parks, all while remaining conveniently located within the city's limits. This unique blend attracts long-term renters who appreciate the peaceful ambiance, access to community amenities, and the vibrant city life nearby.
Taylor & Downriver Suburbs: Affordable suburban housing options are available in areas that consistently see strong interest from potential buyers and renters. These homes typically feature a variety of amenities, such as access to good schools, parks, and shopping centers, which contribute to their appeal. The market for these properties remains stable, resulting in low turnover rates, meaning that residents often stay for long periods. This stability reflects the overall desirability of suburban living, where community engagement and family-friendly environments thrive. As a result, these housing options represent not only comfortable living spaces but also promising investment opportunities in growing neighborhoods.
East English Village and Morningside: Discover a unique blend of affordability and opportunity! These promising areas offer an array of attractive properties, each with the potential for significant appreciation in value over time. Alongside this, you can expect robust rental returns, making it an ideal moment to secure your financial future through smart real estate investments. Dive into a market poised for growth and unlock the possibilities waiting for you!
Average Rent and Growth Rates
As of December 2024, Detroit's rental market exhibits several notable trends:
Median Rent: The median rent for all property types in Detroit is $1,200, unchanged from the previous year. - Zillow
Average Rent: The average rent stands at $1,085 per month, reflecting a 0.2% increase over the past year. - Apartments.com
Rental rates vary significantly across different neighborhoods:
West Side Detroit: Average rent is $964/month for an average apartment size of 736 sq ft.
Jefferson: Average rent is $1,118/month for an average apartment size of 1,052 sq ft.
New Center: Average rent is $1,397/month for an average apartment size of 686 sq ft.
Rivertown: Average rent is $1,424/month for an average apartment size of 762 sq ft.
Sold Detroit Listings
View Detroit Properties Previously Sold by Our Office: Real Broker LLC - Troy
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