{"id":2607,"date":"2024-04-30T14:40:24","date_gmt":"2024-04-30T19:40:24","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2607"},"modified":"2024-10-08T11:06:22","modified_gmt":"2024-10-08T16:06:22","slug":"best-neighborhoods-for-flipping-houses-in-detroit","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/best-neighborhoods-for-flipping-houses-in-detroit\/","title":{"rendered":"Best Neighborhoods for Flipping Houses in Detroit"},"content":{"rendered":"\n

Curious to know which neighborhoods in Detroit<\/a> were best for flipping houses? We were. After looking at thousands of homes that have been bought and sold within 90-365 days (the same property exchanging hands twice between 90-365 days), we narrowed it down to these top neighborhoods based on return on investment. After perusing this list, successful home flipping depends on finding cheap homes for sale, and locking in good interest rates. <\/a><\/p>\n\n\n\n

<\/div>\n\n\n\n

Here is Tomo’s list of best neighborhoods in Detroit for flipping houses.<\/strong><\/p>\n\n\n\n

<\/div>\n\n\n\n
Rank<\/th>Neighborhood<\/th>Avg. Initial Purchase Price <\/th>Avg. Resale Price <\/th>Avg. % Change<\/th><\/tr><\/thead>
1<\/td>Islandview<\/a><\/td>$55K<\/td>$315K<\/td>473%<\/td><\/tr>
2<\/td>Highland Park<\/a><\/td>$238K<\/td>$396K<\/td>288%<\/td><\/tr>
3<\/td>Midwest<\/td>$75K<\/td>$241K<\/td>234%<\/td><\/tr>
4<\/td>Springwells<\/a><\/td>$67K<\/td>$186K<\/td>189%<\/td><\/tr>
5<\/td>Outer Drive<\/a><\/td>$55K<\/td>$146K<\/td>169%<\/td><\/tr>
6<\/td>Dexter Linwood<\/a><\/td>$97K<\/td>$221K<\/td>150%<\/td><\/tr>
7<\/td>Fitzgerald<\/a> <\/td>$112K<\/td>$243K<\/td>139%<\/td><\/tr>
8<\/td>St. Marys<\/td>$67K<\/td>$151K<\/td>129%<\/td><\/tr>
9<\/td>Northwest Community<\/td>$62K<\/td>$133K<\/td>121%<\/td><\/tr>
10<\/td>Morningside<\/a><\/td>$86K<\/td>$166K<\/td>117%<\/td><\/tr>
11<\/td>Regent Park<\/a><\/td>$275K<\/td>$382K<\/td>117%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

What to know more about flipping homes?<\/h3>\n\n\n\n

Find cheap homes for sale in Detroit<\/a> and start flipping today, or see the most profitable flips in the greater Michigan<\/a> area. If you are looking for tips, look no further than House Flipping Flops<\/a> for what NOT to do, or our House Flipping 101 Guide.<\/a> Good luck!<\/p>\n\n\n\n

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\"\"<\/div>

Joelle Andersen<\/p><\/div><\/div>\n\n

Joelle has worn many hats in her professional career, which included stints at companies such as Time Inc., CNN and Zillow. She loves real estate and is always looking for that perfect investment property. A self-proclaimed interior designer, she lives in a suburb of NY with her architect husband, 4 children and 2 cats.<\/div>\n\n\n
<\/div>\n\n\n\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

The #1 Detroit neighborhood on our list delivered a return on investment of almost 5x…<\/p>\n","protected":false},"author":24,"featured_media":2609,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-2607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/detroit-best-home-flips-tomo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/comments?post=2607"}],"version-history":[{"count":7,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2607\/revisions"}],"predecessor-version":[{"id":3927,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2607\/revisions\/3927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2609"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}