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2026 State DSCR & Cap-Rate Intelligence Report ยท Michigan (MI) ยท leadslikecrazy.com

Michigan (MI) Rental Property DSCR, Tax & Cap-Rate Benchmark Report

Michigan Executive Underwriting Summary: Across 28 tracked Michigan investment markets, 1โ€“4 unit rental properties average $265,000 in acquisition price against $2,150/month in Form 1007 market rent (9.74% gross rental yield) and $1,290/door/month on 5โ€“25 unit multifamily assets. Investors underwriting Michigan DSCR loans must factor a 1.38% effective property tax rate (~$3,657/yr), $520/$100k hazard insurance (~$1,378/yr), and a Non-Judicial (Foreclosure by Advertisement) statutory framework (60โ€“90 days (+ redemption) typical timeline).
1โ€“4u Base Price / Rent
$265,000 / $2,150
Gross Rental Yield
9.74% Annual
Tax & Hazard Escrow
1.38% Tax ยท $520/100k
Foreclosure & Timeline
Non-Judicial (Foreclosure by Advertisement) (60โ€“90 days (+ redemption))

Michigan City-by-City DSCR, Tax & Multifamily Benchmark Table (28 Markets)

City & CountyPopulation1โ€“4u Median PriceForm 1007 Median RentTax RateCity Desk
Detroit, MI (WAYNE County County)750,684$290,000$2,400/mo1.35%Open Detroit Hub โ†’
Grand Rapids, MI (KENT County County)209,600$295,000$2,350/mo1.44%Open Grand Rapids Hub โ†’
Warren, MI (MACOMB County County)147,012$245,000$2,000/mo1.3%Open Warren Hub โ†’
Sterling Heights, MI (MACOMB County County)143,034$235,000$1,900/mo1.32%Open Sterling Heights Hub โ†’
Ann Arbor, MI (WASHTENAW County County)127,557$275,000$2,200/mo1.41%Open Ann Arbor Hub โ†’
Lansing, MI (INGHAM County County)124,229$240,000$1,950/mo1.38%Open Lansing Hub โ†’
Flint, MI (GENESEE County County)108,742$275,000$2,200/mo1.41%Open Flint Hub โ†’
Dearborn, MI (WAYNE County County)104,514$235,000$1,950/mo1.35%Open Dearborn Hub โ†’
Livonia, MI (WAYNE County County)103,777$250,000$2,000/mo1.32%Open Livonia Hub โ†’
Troy, MI (OAKLAND County County)90,275$250,000$2,000/mo1.32%Open Troy Hub โ†’
Westland, MI (WAYNE County County)90,010$265,000$2,150/mo1.46%Open Westland Hub โ†’
Farmington Hills, MI (Farmington Hills Metro County County)88,612$265,000$2,150/mo1.46%Open Farmington Hills Hub โ†’
Kalamazoo, MI (KALAMAZOO County County)82,347$260,000$2,100/mo1.44%Open Kalamazoo Hub โ†’
Wyoming, MI (KENT County County)80,769$240,000$2,000/mo1.27%Open Wyoming Hub โ†’
Southfield, MI (OAKLAND County County)79,577$275,000$2,200/mo1.41%Open Southfield Hub โ†’
Rochester Hills, MI (Rochester Hills Metro County County)79,518$240,000$2,000/mo1.27%Open Rochester Hills Hub โ†’
Taylor, MI (WAYNE County County)67,381$240,000$2,000/mo1.27%Open Taylor Hub โ†’
St. Clair Shores, MI (St. Clair Shores Metro County County)65,476$235,000$1,950/mo1.35%Open St. Clair Shores Hub โ†’
Pontiac, MI (OAKLAND County County)65,277$245,000$2,000/mo1.3%Open Pontiac Hub โ†’
Royal Oak, MI (OAKLAND County County)64,251$250,000$2,050/mo1.35%Open Royal Oak Hub โ†’
Novi, MI (OAKLAND County County)63,176$265,000$2,150/mo1.49%Open Novi Hub โ†’
Dearborn Heights, MI (WAYNE County County)61,716$275,000$2,200/mo1.41%Open Dearborn Heights Hub โ†’
Battle Creek, MI (CALHOUN County County)56,514$250,000$2,050/mo1.35%Open Battle Creek Hub โ†’
Saginaw, MI (SAGINAW County County)54,830$275,000$2,200/mo1.44%Open Saginaw Hub โ†’
Kentwood, MI (Kentwood Metro County County)54,754$275,000$2,200/mo1.44%Open Kentwood Hub โ†’
East Lansing, MI (INGHAM County County)52,924$265,000$2,150/mo1.49%Open East Lansing Hub โ†’
Roseville, MI (MACOMB County County)51,835$240,000$1,950/mo1.38%Open Roseville Hub โ†’
Portage, MI (KALAMAZOO County County)51,800$240,000$2,000/mo1.27%Open Portage Hub โ†’

Related Michigan Underwriting & Deal Team Hubs

Michigan (MI) 2026 DSCR, Cap Rate & Rental Market Intelligence Report | leadslikecrazy.com