Rent report generated Dec 8, 2024
The Rent Potential of
12811 Wilshire Dr Detroit, MI
is $1,450 – $2,400/mo.
Rent Advice
With a potential monthly rent range of $1,450 to $2,400, this single-family property in Detroit offers a compelling revenue opportunity. Based on the maximum rent, annual revenue could reach $28.8K, with a payback period of approximately 1-2 years given its list price of $35K. The Detroit market shows signs of improvement, especially in the Wade neighborhood where median listing prices are rising. Challenges include the need for a full renovation, but the property's historic charm and spacious layout are valuable assets.
Investing in renovations, particularly preserving historic features and updating the interior, could significantly boost rental value. For owners considering selling, focusing on these improvements could attract higher offers. Additionally, marketing the property’s historic elements and spacious layout can appeal to potential tenants or buyers seeking unique homes.
What's Next?
Generate another report to compare more investment options.
Generate the Sell Potential of this home.
See what you could sell for based on similar properties.
Search for another property
Enter any address...
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.