Rent report generated Dec 8, 2024
The Rent Potential of
12811 Wilshire Dr Detroit, MI
is $1,450 – $2,400/mo.
Current Specs
3 Bed / 1.5 Bath
1,959 sqft
Single-Family
Built in 1927
Rent Comps
$1,300
$1,950
$2,450
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
5 Listings
3 Bed / 1.5 Bath
1,742 - 2,250 sqft
Within 3.8 mi
Avg. Monthly Rent$1,799
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.
1 Listing
3 Bed / 1.5 Bath
1,695 sqft
Within 3.4 mi
Avg. Monthly Rent$2,450
Rent Advice
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.
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.