This multi-family property in Detroit’s Springwells area features 4 beds, 2 baths, and 1,838 sqft across two units. Based on comp data and current rental trends, the total monthly rent potential ranges from $2,030 to $2,600. At this level, investors can expect an annual gross income between $24K and $31K. With a list price of $117.2K, the payback period falls between 4.5 and 5.8 years, not factoring in vacancies or maintenance. Detroit’s rental market is strong in 2025, with average occupancy rates climbing toward 94% and rents steadily increasing, especially for affordable, workforce housing[1][3][4]. Property’s brick exterior, parking, and duplex layout are attractive, though needed repairs and flood risk may impact short-term returns.

To maximize rental income, address repairs—especially electrical and roofing—to attract quality tenants and justify higher rents. Consider cosmetic upgrades like refreshed kitchens or baths and offering in-unit laundry to stand out in this competitive market. If selling, highlight the strong rental demand, rising area rents, and quick payback potential. Investors should market the property to tenants seeking affordability close to growing employment hubs, leveraging Detroit’s rising profile among out-of-state investors[1][2][4].