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15509 Rosa Parks Blvd
B- Composite 68.99
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
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • 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

$71,900

15509 Rosa Parks Blvd · Detroit, MI 48238
3 bd · 1.0 ba · 934 sqft · SingleFamily public records · 201 Days on market
Built 1961 3,049 sqft lot $77/sqft · 94% above area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

  • 3,049 sq ft lot
  • Built 1961
  • Listed 201 days

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $72k.

Deal economics

  • At list price, monthly cash flow is $427 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $72k).
  • Recommended offer: $63k (12.0% below list) — sets the bar for market timing.
  • Cap rate 13.4% vs local median 10.0% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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); 350 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • This rent runs 43% of the median local income ($33k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $497 of loan paydown is wiped out by about $2k 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 $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 201 days — a 12% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $8k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $63,272 (12.0% below list)

Questions for the listing agent

  1. It's been on market 201 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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?
  7. 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.
  8. 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.
  9. 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
1.65%
Cap rate
13.42%
Cash-on-cash
25.44%
DSCR
2.13
GRM
5.0

CMA / ARV

ARV (median comp)
$37,027
List price
$71,900
Delta
94.18%
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
1931 Pilgrim St 0.12mi 3/1.0 931 (-0%) 13mo $65,000 $70 83
15532 Baylis St 0.27mi 3/1.0 968 (+4%) 12mo $33,500 $35 72
1952 Louise St 0.44mi 3/1.0 882 (-6%) 2mo $33,000 $37 69
15560 La Salle Blvd 0.33mi 3/1.0 1,022 (+9%) 1mo $35,000 $34 68
15611 Baylis St 0.31mi 3/1.0 968 (+4%) 15mo $38,500 $40 67
1983 Brighton St 0.58mi 3/1.0 921 (-1%) 5mo $40,000 $43 67
15488 Wildemere St 0.72mi 3/1.0 949 (+2%) 1mo $49,900 $53 63
15721 Log Cabin St 0.22mi 2/1.0 (-1) 844 (-10%) 11mo $23,000 $27 60
16200 Lawton St 0.72mi 3/1.0 956 (+2%) 4mo $56,500 $59 59
15834 Baylis St 0.33mi 3/1.0 1,065 (+14%) 10mo $111,500 $105 53
2505 La Belle St 0.67mi 3/1.0 1,027 (+10%) 2mo $25,000 $24 51
15893 Alden St 0.69mi 2/1.5 (-1) 836 (-10%) 1mo $24,000 $29 43

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

5-year hold
IRR
22.6%
Equity multiple
1.97×
Total profit
$19,435
Equity at exit
$10,721
10-year hold
IRR
32.6%
Equity multiple
4.43×
Total profit
$68,992
Equity at exit
$6,217

Cash invested: $20,132 (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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

ZIP-level market 48238

Home prices YoY
-14.4%
Rents YoY
6.1%
Active inventory
350
Price-to-rent
5.0×

Monthly cashflow live

Estimated rent
$1,188 high interval (Pro) →
Mortgage (P&I)
$377
Tax from tax record
$105 /mo · $1,260/yr
Insurance
$30
HOA
$0
Vacancy / Maint / Mgmt
$250
Net cashflow
$427

Break-even live

Break-even rent $648
Max offer price $71,900
Occupancy floor 59%

Sensitivity live

Price -10% $468 -5% $447 +0% $427 +5% $407 +10% $386
Rent -10% $333 -5% $380 +0% $427 +5% $474 +10% $521
Rate -1.0pp $463 -0.5pp $445 base $427 +0.5pp $408 +1.0pp $389

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
$17,975
Closing costs
$2,157
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 27 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
16174 Princeton St Detroit, MI 2.0 1.0 985 $1,100 $1.12 21d 1 0.66mi
16174 Princeton St Unit 2 Detroit, MI 2.0 1.0 985 $1,100 $1.12 45d 1 0.66mi
15906 Alden St Detroit, MI 3.0 1.0 1030 $1,150 $1.12 18d 1 0.68mi
2433 Pasadena St Unit 2435 Detroit, MI 2.0 1.0 700 $1,025 $1.46 45d 1 0.71mi
13639 La Salle Blvd Detroit, MI 2.0 1.0 800 $695 $0.87 12d 1 0.74mi
16927 Inverness St Detroit, MI 2.0 1.0 897 $1,650 $1.84 18d 1 0.80mi
941 Merton Rd Highland Park, MI 2.0 1.0 850 $1,000 $1.18 45d 1 0.85mi
17449 Manderson Rd Unit 1 Detroit, MI 2.0 1.0 750 $1,150 $1.53 26d 1 0.91mi
730 Whitmore Rd Detroit, MI 1.0–2.0 1.0 850 $850 $1.00 45d 3 0.99mi
2034 Ewald Cir Detroit, MI 2.0 1.0 1000 $995 $0.99 6d 1 1.02mi
27 Pasadena St Highland Park, MI 2.0 1.0 900 $825 $0.92 45d 1 1.04mi
931 Covington Dr Unit 202 Highland Park, MI 2.0 2.0 550 $1,400 $2.55 45d 1 1.05mi
127 W Buena Vista St Unit 129 Highland Park, MI 2.0 1.0 800 $1,000 $1.25 45d 1 1.11mi
17765 Manderson Rd Unit 8 Highland Park, MI 2.0 1.0 1000 $1,215 $1.22 3d 1 1.14mi
17765 Manderson Rd Unit 14 Highland Park, MI 2.0 1.0 1000 $1,175 $1.18 45d 1 1.14mi
14950 Stoepel St Detroit, MI 2.0 1.0 600 $900 $1.50 26d 1 1.24mi
2285 Cortland St Detroit, MI 2.0 1.0 900 $1,000 $1.11 18d 1 1.26mi
2676 Sturtevant St Unit 1 Detroit, MI 2.0 1.0 1000 $1,000 $1.00 26d 1 1.29mi
3812 W Grand St Detroit, MI 2.0 1.0 1100 $1,025 $0.93 18d 1 1.33mi
7350 Globe St Detroit, MI 3.0 1.0 1000 $1,550 $1.55 5d 1 1.37mi
2638 Richton St Unit 2638 Richton Upper Detroit, MI 2.0 1.0 1000 $900 $0.90 45d 1 1.37mi
17215 Warrington Dr Detroit, MI 2.0 1.0 1015 $2,000 $1.97 45d 1 1.44mi
4045 Clements St Detroit, MI 3.0 1.0 850 $1,150 $1.35 26d 1 1.44mi
4045 Clements St Detroit, MI 3.0 1.0 850 $1,150 $1.35 45d 1 1.44mi
3783 Tyler St Unit Lower Detroit, MI 3.0 1.0 1000 $1,150 $1.15 45d 1 1.44mi
3824 Tyler St Apt 1 Detroit, MI 3.0 1.0 900 $1,523 $1.69 18d 1 1.45mi
2023 Tuxedo St Detroit, MI 2.0 1.0 950 $1,050 $1.11 26d 1 1.46mi

Listing history 25 events

  1. 2026-06-21
    days on market $71,900 Active 201 DOM
  2. 2026-06-18
    days on market $71,900 Active 198 DOM
  3. 2026-06-17
    days on market $71,900 Active 197 DOM
  4. 2026-06-15
    days on market $71,900 Active 195 DOM
  5. 2026-06-13
    days on market $71,900 Active 193 DOM
  6. 2026-06-13
    pricedays on market $71,900 Active 192 DOM
  7. 2026-06-09
    days on market $72,900 Active 189 DOM
  8. 2026-06-08
    days on market $72,900 Active 188 DOM
  9. 2026-06-07
    days on market $72,900 Active 187 DOM
  10. 2026-06-04
    days on market $72,900 Active 184 DOM
  11. 2026-06-03
    days on market $72,900 Active 183 DOM
  12. 2026-06-02
    price $72,900 Active 181 DOM
  13. 2026-06-01
    days on market $73,900 Active 181 DOM
  14. 2026-05-31
    days on market $73,900 Active 180 DOM
  15. 2026-05-13
    price $73,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  16. 2026-05-12
    price $73,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  17. 2026-04-24
    price $75,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  18. 2026-04-23
    price $75,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  19. 2026-03-26
    price $76,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  20. 2026-03-25
    price $76,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  21. 2026-01-30
    price $78,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  22. 2026-01-29
    price $78,900 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  23. 2025-12-02
    listed $79,900 Active 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  24. 2025-12-02
    listed $79,900 Active 521-char remark
    Show marketing remark (521 chars)

    TENANT OCCUPIED RANCH HOME LOCATED NORTH OF FENKELL AND WEST OF HAMILTON AVENUE. THIS HOME FEATURES SPACIOUS LIVING ROOM, EAT IN KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. THE TENANT IS IN A LEASE UNTIL 8/26/26, AND THE MONTHLY RENT IS 900 PER MONTH. THE PHOTOS ARE FROM BEFORE THE TENANT MOVING IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  25. 2019-01-28
    soldstatus $271,500

ⓘ 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
$1,260 · $105/mo
Projected year-2 tax
$1,260 · $105/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ 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) · 20% 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
$14,261
− Mortgage interest
−$4,028
− Property taxes
−$1,260
− Insurance
−$360
− Repairs & maintenance
−$1,141
− Management
−$1,141
− Depreciation
−$2,092
Taxable income
$4,241
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,018
After-tax cash flow
$4,104/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

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

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
53.0% rent · 47.0% 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

Price history

-72.8% since first listed
11 events — show timeline
  • 2026-05-13 Price Changed $73,900 MiRealSource-MiMLS
  • 2026-05-12 Price Changed $73,900 REALCOMP
  • 2026-04-24 Price Changed $75,900 MiRealSource-MiMLS
  • 2026-04-23 Price Changed $75,900 REALCOMP
  • 2026-03-26 Price Changed $76,900 MiRealSource-MiMLS
  • 2026-03-25 Price Changed $76,900 REALCOMP
  • 2026-01-30 Price Changed $78,900 MiRealSource-MiMLS
  • 2026-01-29 Price Changed $78,900 REALCOMP
  • 2025-12-02 Listed $79,900 REALCOMP
  • 2025-12-02 Listed $79,900 MiRealSource-MiMLS
  • 2019-01-28 Sold (Public Records) $271,500 Public Records

Property tax history

+8.9%/yr

Latest (2025): $1,260 · -54.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…