Top 10 Michigan Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Detroit-metro rental listings from Zillow ranked by cash-on-cash return—Eastpointe value plays vs. Birmingham luxury with Realy metrics.
These ten listings were pulled from Metro Detroit Zillow markets (Eastpointe, Birmingham, Beverly Hills, Fair Haven) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension—highest CoC first.
Michigan shows a stark split: Eastpointe sub-$185K listings deliver strong CoC, while Birmingham and Beverly Hills luxury homes are deeply negative—similar to Georgia’s market bifurcation.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 22495 Tuscany Ave | $105,000 | 3 / 1 | 41.7% | 14.8% | $766 | $1,472 |
| 2 | 22058 Lambrecht Ave | $124,900 | 2 / 1 | 19.5% | 10.2% | $426 | $1,266 |
| 3 | 23809 Normandy Ave | $182,500 | 3 / 2 | 14.6% | 9.1% | $466 | $1,693 |
| 4 | 31555 Westlady Dr | $550,000 | 4 / 2 | 3.0% | 6.7% | $287 | $3,985 |
| 5 | 16146 Beverly Rd | $450,000 | 3 / 2 | −1.5% | 5.8% | −$117 | $2,908 |
| 6 | 1424 Fairway Dr | $775,000 | 4 / 3 | −7.6% | 4.5% | −$1,025 | $4,185 |
| 7 | 465 Kimberly St | $699,000 | 4 / 3 | −10.8% | 3.8% | −$1,320 | $3,380 |
| 8 | 974 Ann St | $1,750,000 | 4 / 5 | −12.8% | 3.4% | −$3,920 | $7,846 |
| 9 | 1840 Holland St | $1,499,999 | 5 / 5 | −19.8% | 1.9% | −$5,207 | $4,878 |
| 10 | 8449 Dixie Hwy | $385,000 | 2 / 3 | −24.0% | 1.0% | −$1,618 | $970 |
#1 — 22495 Tuscany Ave, Eastpointe MI 48021
Single family · 3 bed / 1 bath · 1,110 sqft · $105,000
| Metric | Value |
|---|---|
| Cash-on-cash | 41.7% |
| Cap rate | 14.8% |
| Monthly cash flow | $766 |
| Total cash down | $22,050 |
| Price / sqft | $95 |
Why it ranks #1: Sub-$110K basis with $1,472/mo rent—among the strongest CoC screens in this state batch.
Investor notes: 2 days on Zillow. Tax assessed $112,800. Verify condition and Eastpointe tenant demand; add insurance ($1,200+) before committing.
#2 — 22058 Lambrecht Ave, Eastpointe MI 48021
Single family · 2 bed / 1 bath · 1,260 sqft · $124,900
| Metric | Value |
|---|---|
| Cash-on-cash | 19.5% |
| Cap rate | 10.2% |
| Monthly cash flow | $426 |
| Total cash down | $26,229 |
Investor notes: Brand-new listing (0 days). Same Eastpointe cluster as #1 and #3.
#3 — 23809 Normandy Ave, Eastpointe MI 48021
Single family · 3 bed / 2 bath · 1,920 sqft · $182,500
| Metric | Value |
|---|---|
| Cash-on-cash | 14.6% |
| Cap rate | 9.1% |
| Monthly cash flow | $466 |
| Total cash down | $38,325 |
Investor notes: Showcase listing with 3D tour. Larger sqft than #1–2 at higher basis—still positive CoC.
#4 — 31555 Westlady Dr, Beverly Hills MI 48025
Single family · 4 bed / 2 bath · 2,557 sqft · $550,000
| Metric | Value |
|---|---|
| Cash-on-cash | 3.0% |
| Cap rate | 6.7% |
| Monthly cash flow | $287 |
| Total cash down | $115,500 |
Why it ranks #4: Only positive CoC outside Eastpointe—$3,985/mo rent supports $550K in Oakland County.
Investor notes: Showcase listing. Thin margin; vacancy wipes CoC.
#5 — 16146 Beverly Rd, Beverly Hills MI 48025
Single family · 3 bed / 2 bath · 1,453 sqft · $450,000
| Metric | Value |
|---|---|
| Cash-on-cash | −1.5% |
| Cap rate | 5.8% |
| Monthly cash flow | −$117 |
Investor notes: Zestimate ~$504K vs. $450K list. Nearly breakeven.
#6 — 1424 Fairway Dr, Birmingham MI 48009
Single family · 4 bed / 3 bath · 2,723 sqft · $775,000
| Metric | Value |
|---|---|
| Cash-on-cash | −7.6% |
| Cap rate | 4.5% |
| Monthly cash flow | −$1,025 |
Investor notes: Showcase listing. Birmingham golf corridor—appreciation market.
#7 — 465 Kimberly St, Birmingham MI 48009
Single family · 4 bed / 3 bath · 2,050 sqft · $699,000
| Metric | Value |
|---|---|
| Cash-on-cash | −10.8% |
| Cap rate | 3.8% |
| Monthly cash flow | −$1,320 |
#8 — 974 Ann St, Birmingham MI 48009
Single family · 4 bed / 5 bath · 5,045 sqft · $1,750,000
| Metric | Value |
|---|---|
| Cash-on-cash | −12.8% |
| Cap rate | 3.4% |
| Monthly cash flow | −$3,920 |
Investor notes: Coming soon (Jul 14). $367K cash down. Zestimate below list.
#9 — 1840 Holland St, Birmingham MI 48009
Single family · 5 bed / 5 bath · 4,150 sqft · $1,499,999
| Metric | Value |
|---|---|
| Cash-on-cash | −19.8% |
| Cap rate | 1.9% |
| Monthly cash flow | −$5,207 |
Investor notes: Open house Sun 12–4pm. Showcase listing.
#10 — 8449 Dixie Hwy, Fair Haven MI 48023
Single family · 2 bed / 3 bath · 1,150 sqft · $385,000
| Metric | Value |
|---|---|
| Cash-on-cash | −24.0% |
| Cap rate | 1.0% |
| Monthly cash flow | −$1,618 |
Investor notes: Water-adjacent St. Clair County—$970/mo rent on $385K basis. Likely vacation/waterfront pricing, not rental comps.
Michigan Patterns
| Pattern | Takeaway |
|---|---|
| Eastpointe cluster | #1–3 dominate—sub-$185K cash-flow pocket |
| Oakland County luxury | Birmingham negative CoC at $700K–$1.75M |
| Market bifurcation | Same state, opposite investor profiles |
| vs. Ohio | Compare Ohio top 10 for similar Midwest value plays |
Screen Michigan in Realy
- Install Realy
- Search Detroit, MI or filter by city and max price
- Sort by cash-on-cash in the analyzer
Related: 10 red flags on Zillow · First rental checklist