Sterling Heights Michigan - Condo Rental

[Balaji Srinivasan]

Folks-

I am looking to purchase and rent out a 3/1.5 1500 sqft condo property that also has a basement with 2 bonus rooms of ~450sqft but no garage. Large open kitchen with large island. 

I am surprised that the rental comps are lower than I expected at ~1400. 

What impact will the lack of a garage have on a rental? For my math to work, i need the rent to be ~1600. Is this reasonable? Alternatively, what rental price increase can i expect in Sterling heights?

Balaji