Michigan Rental Property ROI Calculator
Michigan property taxes are among the highest in the Midwest — factor this carefully when evaluating cap rate. Detroit and Grand Rapids offer very different market dynamics: Detroit for high-yield cash flow plays, Grand Rapids for more stable appreciation-focused investments. Run the full analysis before committing to any Michigan rental.
Estimated — edit if you have exact figures
Typical: 5–8% (STR: 15%+)
% of rent, or enter $ below
% of rent — typical reserve
This is an estimate for screening purposes only. Actual returns depend on market conditions, financing terms, and property-specific factors.
Already own the property? Field Renewal calculates whether raising rent at lease renewal is worth the risk of losing your tenant. Try Field Renewal →
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Open calculator →Selling a property in Michigan?
Field Net calculates exactly what a seller walks away with — built for the other side of the transaction.
Selling a property in Michigan? Try Field Net →