The Michigan real estate market is gaining traction among investors looking to flip homes, highlighted by an average gross profit of $71,000 per flip in 2024. Cities like Detroit, Grand Rapids, and Ann Arbor are especially appealing due to their affordability and rising property values. These areas, having a mix of distressed properties and emerging neighborhoods, offer unique opportunities for renovation and resale. With a solid return on investment reported, Michigan showcases a promising landscape for potential home flippers, particularly in its thriving metro areas.
In 2024, Michigan offered an average gross profit of $71,000 per home flip with a 6% return on investment, reflecting low acquisition costs and rising resale values.
Detroit continues to attract flippers because of the number of distressed properties, with neighborhoods like Bagley and East English Village drawing local and out-of-state investment.
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