15011 Fairfield St · Detroit, MI
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.1%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- DSCR +10.0/10.0
- 1% rule +7.6/10.0
- ARV discount +7.5/15.0
- Rent growth +4.0/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$110,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Turnkey Investment Opportunity! Welcome to 15011 Fairfield, a beautifully renovated 4-bedroom, 1-bathroom colonial located in a desirable area of Detroit. This property is tenant-occupied and currently producing $1,300/month in rental income - making it the perfect addition to any investor's portfolio. The home features laminate flooring on the first floor, carpet on the second floor, an updated kitchen, and a modernized bathroom. With a performing tenant already in place, this property offers immediate cash flow and peace of mind for any investor seeking a hassle-free opportunity. Additional photos available upon request. Key Features: 4 Bedrooms / 1 Bathroom Colonial Brick Home Laminate Flooring (1st Floor) / Carpet (2nd Floor) Updated Kitchen & Bathroom Performing Tenant Paying $1,300/month Turnkey Investment - Instant Income Conveniently located near schools, shopping, and public transportation. Don't miss out on this cash-flowing property that's ready to strengthen your portfolio!
Key facts
- Laminate flooring
- Modernized bathroom
- Updated kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/1.0-bath single-family listed at $110k.
Deal economics
- At list price, monthly cash flow is $448 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $110k).
- Recommended offer: $100k (9.0% below list) — sets the bar for market timing.
Location & tenants
- Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
- Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising fast (+6.1%/yr); 348 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- At $1,383/mo this rent would consume 50% of the median local household income ($33k/yr) (locally 2172% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 6.1% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 113 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $20k; list at $110k implies a 450% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 113 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.26% ✓
- Cap rate
- 11.18%
- Cash-on-cash
- 17.46%
- DSCR
- 1.78
- GRM
- 6.6
CMA / ARV
- ARV (median comp)
- $48,814
- List price
- $110,000
- Delta
- 125.35%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 15021 Petoskey Ave | 0.25mi | 3/1.0 (-1) | 1,177 (-0%) | 1mo | $28,000 | $24 | 82 |
| 15863 Belden St | 0.54mi | 3/1.0 (-1) | 1,156 (-2%) | 1mo | $18,600 | $16 | 66 |
| 15455 Wildemere St | 0.33mi | 3/1.0 (-1) | 1,095 (-7%) | 2mo | $18,500 | $17 | 66 |
| 15840 Lawton St | 0.58mi | 3/1.0 (-1) | 1,176 (-0%) | 7mo | $38,000 | $32 | 62 |
| 15904 Parkside St | 0.60mi | 3/1.5 (-1) | 1,204 (+2%) | 2mo | $140,000 | $116 | 60 |
| 14629 Monica St | 0.53mi | 3/1.0 (-1) | 1,128 (-4%) | 4mo | $19,000 | $17 | 60 |
| 7447 Ellsworth St | 0.61mi | 3/1.0 (-1) | 1,160 (-2%) | 5mo | $35,500 | $31 | 60 |
| 14752 Petoskey Ave | 0.28mi | 3/1.5 (-1) | 1,029 (-13%) | 0mo | $40,000 | $39 | 58 |
| 15853 Santa Rosa Dr | 0.66mi | 4/1.0 | 1,050 (-11%) | 2mo | $140,000 | $133 | 49 |
| 15560 La Salle Blvd | 0.62mi | 3/1.0 (-1) | 1,022 (-13%) | 1mo | $35,000 | $34 | 43 |
| 2505 La Belle St | 0.64mi | 3/1.0 (-1) | 1,027 (-13%) | 2mo | $25,000 | $24 | 42 |
| 6433 Globe St | 0.58mi | 3/1.0 (-1) | 1,344 (+14%) | 7mo | $100,000 | $74 | 39 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 6.14% rent growth · sell at horizon
- IRR
- 12.0%
- Equity multiple
- 1.49×
- Total profit
- $15,180
- Equity at exit
- $16,401
- IRR
- 23.1%
- Equity multiple
- 3.26×
- Total profit
- $69,502
- Equity at exit
- $9,511
Cash invested: $30,800 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 348
- Price-to-rent
- 6.6×
Monthly cashflow live
- Estimated rent
- $1,383 high interval (Pro) →
- Mortgage (P&I)
- −$577
- Tax from tax record
- −$22 /mo · $260/yr
- Insurance
- −$46
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$290
- Net cashflow
- $448
Break-even live
Sensitivity live
| Price | -10% $511 | -5% $479 | +0% $448 | +5% $417 | +10% $386 |
|---|---|---|---|---|---|
| Rent | -10% $339 | -5% $394 | +0% $448 | +5% $503 | +10% $558 |
| Rate | -1.0pp $504 | -0.5pp $476 | base $448 | +0.5pp $420 | +1.0pp $391 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $27,500
- Closing costs
- $3,300
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 32 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 15345 Parkside St Detroit, MI | 3.0 | 1.0 | 1152 | $1,300 | $1.13 | 44d | 1 | 0.25mi |
| 3040 Kendall St Detroit, MI | 5.0 | 1.0 | 1188 | $1,386 | $1.17 | 13d | 1 | 0.41mi |
| 15906 Alden St Detroit, MI | 3.0 | 1.0 | 1030 | $1,150 | $1.12 | 17d | 1 | 0.62mi |
| 7350 Globe St Detroit, MI | 3.0 | 1.0 | 1000 | $1,550 | $1.55 | 4d | 1 | 0.64mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 44d | 1 | 0.82mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 25d | 1 | 0.82mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 44d | 1 | 0.85mi |
| 14656 Roselawn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 18d | 1 | 0.85mi |
| 3740 Tyler St Unit 1 Detroit, MI | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 5d | 1 | 0.90mi |
| 3824 Tyler St Apt 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,523 | $1.69 | 17d | 1 | 0.92mi |
| 3783 Tyler St Unit Lower Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 44d | 1 | 0.94mi |
| 16582 Santa Rosa Dr Detroit, MI | 3.0 | 1.0 | 1314 | $1,399 | $1.06 | 18d | 1 | 0.95mi |
| 15457 Cloverlawn St Detroit, MI | 3.0 | 2.0 | 1500 | $1,275 | $0.85 | 25d | 1 | 0.95mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 17d | 1 | 0.98mi |
| 16255 Lilac St Detroit, MI | 3.0 | 1.0 | 1312 | $1,394 | $1.06 | 18d | 1 | 0.99mi |
| 14570 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 840 | $1,250 | $1.49 | 13d | 1 | 1.02mi |
| 13620 Tuller St Detroit, MI | 4.0 | 1.0 | 1064 | $1,374 | $1.29 | 13d | 1 | 1.06mi |
| 1926 Clements St Unit 1926 Detroit, MI | 3.0 | 1.0 | 1150 | $1,250 | $1.09 | 20d | 1 | 1.08mi |
| 1926 Clements St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 5d | 1 | 1.08mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 44d | 1 | 1.09mi |
| Ohio St Unit 4 Detroit, MI | 4.0 | 1.5 | 1400 | $750 | $0.54 | 44d | 1 | 1.11mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 18d | 1 | 1.11mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 2d | 1 | 1.11mi |
| 14242 Ohio St Detroit, MI | 4.0 | 1.0 | 1400 | $1,000 | $0.71 | 44d | 1 | 1.18mi |
| 16722 Tuller St Detroit, MI | 3.0 | 1.5 | 1100 | $1,500 | $1.36 | 17d | 1 | 1.19mi |
| 2474 Fullerton St Detroit, MI | 3.0 | 1.0 | 1400 | $1,300 | $0.93 | 15d | 1 | 1.21mi |
| 17145 Santa Rosa Dr Unit 1 Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 18d | 1 | 1.24mi |
| 13979 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 1296 | $1,334 | $1.03 | 21d | 1 | 1.26mi |
| 326 Eason St Highland Park, MI | 3.0 | 1.0 | 1256 | $1,300 | $1.04 | 18d | 1 | 1.27mi |
| 17163 Prairie St Unit 1B Detroit, MI | 3.0 | 1.5 | 1317 | $1,350 | $1.03 | 44d | 1 | 1.30mi |
| 16183 Wisconsin St Detroit, MI | 3.0 | 1.5 | 1370 | $1,400 | $1.02 | 44d | 1 | 1.32mi |
| 13620 Kentucky St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 5d | 1 | 1.48mi |
Listing history 33 events
-
2026-06-21days on market $110,000 Active 113 DOM
-
2026-06-18days on market $110,000 Active 110 DOM
-
2026-06-17days on market $110,000 Active 109 DOM
-
2026-06-15days on market $110,000 Active 107 DOM
-
2026-06-13days on market $110,000 Active 105 DOM
-
2026-06-13days on market $110,000 Active 104 DOM
-
2026-06-09days on market $110,000 Active 101 DOM
-
2026-06-08days on market $110,000 Active 100 DOM
-
2026-06-07days on market $110,000 Active 99 DOM
-
2026-06-04days on market $110,000 Active 96 DOM
-
2026-06-03days on market $110,000 Active 95 DOM
-
2026-06-01days on market $110,000 Active 93 DOM
-
2026-05-31days on market $110,000 Active 92 DOM
-
2026-05-01status Active 1010-char remark
Show marketing remark (1045 chars)
Turnkey Investment Opportunity! Welcome to 15011 Fairfield, a beautifully renovated 4-bedroom, 1-bathroom colonial located in a desirable area of Detroit. This property is tenant-occupied and currently producing $1,300/month in rental income — making it the perfect addition to any investor’s portfolio. The home features laminate flooring on the first floor, carpet on the second floor, an updated kitchen, and a modernized bathroom. With a performing tenant already in place, this property offers immediate cash flow and peace of mind for any investor seeking a hassle-free opportunity. Additional photos available upon request. Key Features: 4 Bedrooms / 1 Bathroom Colonial Brick Home Laminate Flooring (1st Floor) / Carpet (2nd Floor) Updated Kitchen & Bathroom Performing Tenant Paying $1,300/month Turnkey Investment — Instant Income Conveniently located near schools, shopping, and public transportation. Don’t miss out on this cash-flowing property that’s ready to strengthen your portfolio!
-
2026-05-01status Active 1045-char remark
Show marketing remark (1045 chars)
Turnkey Investment Opportunity! Welcome to 15011 Fairfield, a beautifully renovated 4-bedroom, 1-bathroom colonial located in a desirable area of Detroit. This property is tenant-occupied and currently producing $1,300/month in rental income — making it the perfect addition to any investor’s portfolio. The home features laminate flooring on the first floor, carpet on the second floor, an updated kitchen, and a modernized bathroom. With a performing tenant already in place, this property offers immediate cash flow and peace of mind for any investor seeking a hassle-free opportunity. Additional photos available upon request. Key Features: 4 Bedrooms / 1 Bathroom Colonial Brick Home Laminate Flooring (1st Floor) / Carpet (2nd Floor) Updated Kitchen & Bathroom Performing Tenant Paying $1,300/month Turnkey Investment — Instant Income Conveniently located near schools, shopping, and public transportation. Don’t miss out on this cash-flowing property that’s ready to strengthen your portfolio!
-
2026-03-24status Pending 1010-char remark
Show marketing remark (1045 chars)
Turnkey Investment Opportunity! Welcome to 15011 Fairfield, a beautifully renovated 4-bedroom, 1-bathroom colonial located in a desirable area of Detroit. This property is tenant-occupied and currently producing $1,300/month in rental income — making it the perfect addition to any investor’s portfolio. The home features laminate flooring on the first floor, carpet on the second floor, an updated kitchen, and a modernized bathroom. With a performing tenant already in place, this property offers immediate cash flow and peace of mind for any investor seeking a hassle-free opportunity. Additional photos available upon request. Key Features: 4 Bedrooms / 1 Bathroom Colonial Brick Home Laminate Flooring (1st Floor) / Carpet (2nd Floor) Updated Kitchen & Bathroom Performing Tenant Paying $1,300/month Turnkey Investment — Instant Income Conveniently located near schools, shopping, and public transportation. Don’t miss out on this cash-flowing property that’s ready to strengthen your portfolio!
-
2026-03-24status Pending 1045-char remark
Show marketing remark (1045 chars)
Turnkey Investment Opportunity! Welcome to 15011 Fairfield, a beautifully renovated 4-bedroom, 1-bathroom colonial located in a desirable area of Detroit. This property is tenant-occupied and currently producing $1,300/month in rental income — making it the perfect addition to any investor’s portfolio. The home features laminate flooring on the first floor, carpet on the second floor, an updated kitchen, and a modernized bathroom. With a performing tenant already in place, this property offers immediate cash flow and peace of mind for any investor seeking a hassle-free opportunity. Additional photos available upon request. Key Features: 4 Bedrooms / 1 Bathroom Colonial Brick Home Laminate Flooring (1st Floor) / Carpet (2nd Floor) Updated Kitchen & Bathroom Performing Tenant Paying $1,300/month Turnkey Investment — Instant Income Conveniently located near schools, shopping, and public transportation. Don’t miss out on this cash-flowing property that’s ready to strengthen your portfolio!
-
2026-01-20$110,000 Active 1045-char remark
Show marketing remark (1010 chars)
Turnkey Investment Opportunity! Welcome to 15011 Fairfield, a beautifully renovated 4-bedroom, 1-bathroom colonial located in a desirable area of Detroit. This property is tenant-occupied and currently producing $1,300/month in rental income - making it the perfect addition to any investor's portfolio. The home features laminate flooring on the first floor, carpet on the second floor, an updated kitchen, and a modernized bathroom. With a performing tenant already in place, this property offers immediate cash flow and peace of mind for any investor seeking a hassle-free opportunity. Additional photos available upon request. Key Features: 4 Bedrooms / 1 Bathroom Colonial Brick Home Laminate Flooring (1st Floor) / Carpet (2nd Floor) Updated Kitchen & Bathroom Performing Tenant Paying $1,300/month Turnkey Investment - Instant Income Conveniently located near schools, shopping, and public transportation. Don't miss out on this cash-flowing property that's ready to strengthen your portfolio!
-
2026-01-20$110,000 Active 1010-char remark
Show marketing remark (1010 chars)
Turnkey Investment Opportunity! Welcome to 15011 Fairfield, a beautifully renovated 4-bedroom, 1-bathroom colonial located in a desirable area of Detroit. This property is tenant-occupied and currently producing $1,300/month in rental income - making it the perfect addition to any investor's portfolio. The home features laminate flooring on the first floor, carpet on the second floor, an updated kitchen, and a modernized bathroom. With a performing tenant already in place, this property offers immediate cash flow and peace of mind for any investor seeking a hassle-free opportunity. Additional photos available upon request. Key Features: 4 Bedrooms / 1 Bathroom Colonial Brick Home Laminate Flooring (1st Floor) / Carpet (2nd Floor) Updated Kitchen & Bathroom Performing Tenant Paying $1,300/month Turnkey Investment - Instant Income Conveniently located near schools, shopping, and public transportation. Don't miss out on this cash-flowing property that's ready to strengthen your portfolio!
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2025-10-14historical
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2025-10-14historical
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2025-10-05$110,000 Active
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2025-10-05$110,000 Active
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2023-06-08soldstatus $20,000 Sold
-
2023-06-08soldstatus $20,000 Closed
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2023-05-31status Pending
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2023-05-31status Pending
-
2023-05-23price $20,000
-
2023-05-23price $20,000
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2023-05-20$28,000 Active
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2023-05-20$28,000 Active
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2023-05-18historical $28,000
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2023-05-18historical $28,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MI · Partial reset (capped growth)
- Current annual tax
- $260 · $22/mo
- Projected year-2 tax
- $977 · $81/mo
- Expected delta
- +$717/yr (+$60/mo · 275.8%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥97°F today · 14 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,596
- − Mortgage interest
- −$6,162
- − Property taxes
- −$260
- − Insurance
- −$550
- − Repairs & maintenance
- −$1,328
- − Management
- −$1,328
- − Depreciation
- −$3,200
- Taxable income
- $3,769
- Est. tax owed @ 24.0%
- −$905
- After-tax cash flow
- $4,474/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Detroit Public Schools Community District
- NCES district ID
- 2601103
- Math proficiency
- 10% ▼ -2.00%
- Reading proficiency
- 24% ▲ 6.00%
- Median HH income
- $25,815
- Composite
- 13.06/100
- National rank
- #9564
- State rank
- #499 of 540 in MI
Livability — Detroit
- Score
- 73/100
- State rank
- #218
- US rank
- #5427
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Detroit, MI
- County
- Wayne County · 1,562,939 people
- City population
- 572,865
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 24,731
- Household income
- $33,315
- Rent vs Own
- Severe rent burden
- 2172.0
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (94%)
- Race & ethnicity
- Black 94% Two or more races 3% White 1%
- Foreign-born
- 1%
Political lean MEDSL · Wayne
- 2024 margin
- Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
- 2008→2024 swing
- -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
- All cycles
- 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -31.96%
- Current HPI
- 189.6227
- Rent YoY
- ▲ 6.14%
- Metro
- Detroit-Warren-Dearborn, MI
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
|
||
| Automotive | 2 | $372B |
|
||
| Chemicals | 1 | $45B |
|
||
| Automotive Retail | 1 | $29B |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
||
| Automotive Technology | 1 | $20B |
|
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Price history
+292.9% since first listed20 events — show timeline
- 2026-05-01 Relisted — MiRealSource-MiMLS
- 2026-05-01 Relisted — REALCOMP
- 2026-03-24 Pending — MiRealSource-MiMLS
- 2026-03-24 Pending — REALCOMP
- 2026-01-20 Listed $110,000 REALCOMP
- 2026-01-20 Listed $110,000 MiRealSource-MiMLS
- 2025-10-14 Listing Removed — MiRealSource-MiMLS
- 2025-10-14 Listing Removed — REALCOMP
- 2025-10-05 Listed $110,000 REALCOMP
- 2025-10-05 Listed $110,000 MiRealSource-MiMLS
- 2023-06-08 Sold (MLS) $20,000 MiRealSource-MiMLS
- 2023-06-08 Sold (MLS) $20,000 REALCOMP
- 2023-05-31 Pending — MiRealSource-MiMLS
- 2023-05-31 Pending — REALCOMP
- 2023-05-23 Price Changed $20,000 MiRealSource-MiMLS
- 2023-05-23 Price Changed $20,000 REALCOMP
- 2023-05-20 Listed $28,000 MiRealSource-MiMLS
- 2023-05-20 Listed $28,000 REALCOMP
- 2023-05-18 Coming Soon $28,000 MiRealSource-MiMLS
- 2023-05-18 Coming Soon $28,000 REALCOMP
Property tax history
+1.3%/yrLatest (2025): $260 · -50.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…