Based on recent comps in the immediate area, this 3-bed, 1-bath, 1,138 sqft single-family home on Mackay St could achieve monthly rents between $1,120 and $1,450, depending on the quality of renovations and tenant profile. Detroit’s rental market is strong, with occupancy rates above 93% and rising rents for affordable workforce housing. Property features like a garage, unfinished basement, and sizable living space support higher rent potential, but the current squatter situation and 'as-is' sale status are notable challenges.
To boost rental income, prioritize a full rehab—modernize the kitchen and bath, refresh paint, and ensure all mechanicals are sound. Address the squatter situation early to avoid legal delays. If selling, consider marketing to cash investors or buy-and-hold landlords who understand Detroit’s high-demand rental environment. Highlight proximity to major employers and infrastructure projects, which are attracting renters and buyers alike.