This single-family Tudor-style home in Detroit, with a potential rent range between $1450 and $2400 monthly, offers a promising revenue stream. Given its 1927 construction and substantial square footage, its historic charm can be a draw. However, it requires full renovation, which could be a challenge. The area's median listing price is around $77K, indicating a growing neighborhood. The payback period hinges on the renovation investment, but the potential is significant in an improving market.

To enhance rental value, consider modernizing the kitchen and bathrooms while maintaining the property's historical character. Adding energy-efficient windows and updating the heating system can also add value. If the owner is considering selling, highlighting its unique architectural features and potential for customization could attract buyers seeking investment opportunities in Detroit's revitalizing neighborhoods.