“Want to make money as a landlord? Consider Detroit… seriously. Real estate investors are flocking to the city — not only to take advantage of some of the best deals in the nation, but also because occupancy rates are soaring and so are rents. In fact, after comparing the median sales price of homes to average monthly rents in nearly 1,600 counties, RealtyTrac found that Detroit’s Wayne County offers landlords the best return on their investment in the nation. Investors who buy homes in the metro area can expect a 30% gross annual return from rents. That’s triple the national average of 10%. One of the reasons is the ultra-low prices investors pay for rather sizable homes.”
http://money.cnn.com/2014/04/16/real_estate/detroit-landlord/
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