16611 Cruse St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 2/10 · Minimal
- Hot days now (above 98°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 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +4.7/15.0
- Livability +3.7/5.0
- Rent growth +3.3/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$72,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
LONG STANDING TENANT OCCUPIED BRICK BUNGALOW HOME! LOCATED SOUTH OF W. MCNICHOLS AND WEST OF SCHAEFER HWY. THE TENANT HAS BEEN IN THE HOME SINCE APRIL 2023, AND IS CURRENTLY MONTH TO MONTH. HOME IS BEING SOLD WITH THE TENANT. RENT IS 925 PER MONTH, AND A 925 SEC DEP IS HELD. THIS HOME FEATURES A FIREPLACE IN THE LIVING ROOM, FORMAL DINING ROOM, TWO BEDROOMS AND BATH ON THE MAIN FLOOR, AND A BONUS/FLEX SPACE AND BEDROOM ON THE SECON FLOOR, UNFINISHED BASEMENT. 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
- Brick bungalow
- Formal dining room
- Unfinished basement
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $73k.
Deal economics
- At list price, monthly cash flow is $470 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $73k).
- Recommended offer: $64k (12.0% below list) — sets the bar for market timing.
- Cap rate 14.0% vs local median 10.2% 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 (+3.2%/yr); 283 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
- This rent runs 40% of the median local income ($39k/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 $504 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 + 3.2% 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 170 days — a 12% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
- 15 sale attempts since 18y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $60k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: property tax is 2.6% of price; built in 1937 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 170 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 1.81% ✓
- Cap rate
- 14.02%
- Cash-on-cash
- 27.60%
- DSCR
- 2.23
- GRM
- 4.6
CMA / ARV
- ARV (median comp)
- $68,632
- List price
- $72,900
- Delta
- 6.22%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 16150 Cruse St | 0.22mi | 2/1.0 (-1) | 966 (-1%) | 4mo | $40,000 | $41 | 79 |
| 16655 Stansbury St | 0.07mi | 3/1.0 | 857 (-13%) | 2mo | $45,000 | $53 | 74 |
| 16854 Lesure St | 0.19mi | 3/1.0 | 886 (-10%) | 3mo | $105,000 | $119 | 73 |
| 15430 Mark Twain St | 0.63mi | 3/1.0 | 1,026 (+5%) | 1mo | $95,000 | $93 | 62 |
| 15770 Stansbury St | 0.44mi | 3/1.0 | 1,100 (+12%) | 1mo | $50,000 | $45 | 58 |
| 16174 Lauder St | 0.43mi | 3/2.0 | 1,084 (+11%) | 3mo | $102,900 | $95 | 56 |
| 16246 Coyle St | 0.52mi | 3/1.0 | 848 (-14%) | 1mo | $50,000 | $59 | 52 |
| 15824 Snowden St | 0.52mi | 3/1.0 | 1,127 (+15%) | 0mo | $61,000 | $54 | 50 |
| 15824 Snowden St | 0.52mi | 3/1.0 | 1,127 (+15%) | 0mo | $61,000 | $54 | 50 |
| 15775 Hartwell St | 0.52mi | 3/1.0 | 1,123 (+15%) | 3mo | $88,000 | $78 | 49 |
| 17147 Appoline St | 0.71mi | 3/2.0 | 1,100 (+12%) | 1mo | $170,000 | $155 | 42 |
| 18034 Tracey St | 0.66mi | 4/1.0 (+1) | 1,116 (+14%) | 2mo | $118,600 | $106 | 40 |
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 · 3.25% rent growth · sell at horizon
- IRR
- 22.0%
- Equity multiple
- 1.91×
- Total profit
- $18,487
- Equity at exit
- $10,870
- IRR
- 30.3%
- Equity multiple
- 3.75×
- Total profit
- $56,231
- Equity at exit
- $6,303
Cash invested: $20,412 (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 48235
- Rents YoY
- 3.2%
- Active inventory
- 283
- Price-to-rent
- 4.6×
Monthly cashflow live
- Estimated rent
- $1,319 high interval (Pro) →
- Mortgage (P&I)
- −$382
- Tax from tax record
- −$160 /mo · $1,921/yr
- Insurance
- −$30
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$277
- Net cashflow
- $470
Break-even live
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
- $18,225
- Closing costs
- $2,187
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 11d | 1 | 0.09mi |
| 16503 Ward Ave Unit 2 Detroit, MI | 2.0 | 1.0 | 700 | $850 | $1.21 | 44d | 1 | 0.49mi |
| 15517 Lesure St Unit BDRM1A Detroit, MI | 2.0 | 1.0 | 1000 | $850 | $0.85 | 24d | 1 | 0.53mi |
| 18010 Lesure St Detroit, MI | 3.0 | 1.0 | 1010 | $1,550 | $1.53 | 24d | 1 | 0.64mi |
| 16204 Steel St Detroit, MI | 3.0 | 1.0 | 969 | $1,150 | $1.19 | 44d | 1 | 0.64mi |
| 15387 Lesure St Detroit, MI | 3.0 | 1.0 | 1064 | $1,350 | $1.27 | 12d | 1 | 0.67mi |
| 15738 Sorrento Ave Detroit, MI | 3.0 | 1.0 | 762 | $1,175 | $1.54 | 44d | 1 | 0.74mi |
| 15340 Hartwell St Detroit, MI | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 17d | 1 | 0.77mi |
| 15468 Sussex St #2 Detroit, MI | 2.0 | 1.0 | 900 | $1,250 | $1.39 | 44d | 1 | 0.81mi |
| 15341 Lauder St Detroit, MI | 4.0 | 1.5 | 1080 | $1,475 | $1.37 | 17d | 1 | 0.82mi |
| 15073 Strathmoor St Detroit, MI | 2.0 | 1.0 | 860 | $1,350 | $1.57 | 17d | 1 | 0.87mi |
| 17150 Meyers Rd Detroit, MI | 1.0–2.0 | 1.0 | 775 | $975 | $1.26 | 44d | 2 | 0.87mi |
| 15328 Coyle St Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 18d | 1 | 0.88mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,425 | $1.43 | 12d | 1 | 0.88mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,375 | $1.38 | 24d | 1 | 0.88mi |
| 15330 Coyle St Unit 2 Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 24d | 1 | 0.88mi |
| 15388 Appoline St #203 Detroit, MI | 2.0 | 1.0 | 900 | $850 | $0.94 | 44d | 1 | 0.95mi |
| 15760 Monte Vista St Detroit, MI | 2.0 | 1.0 | 1080 | $1,250 | $1.16 | 44d | 1 | 0.95mi |
| 14903 Tracey St Detroit, MI | 3.0 | 1.0 | 1004 | $1,100 | $1.10 | 17d | 1 | 1.00mi |
| 18512 Schaefer Hwy Detroit, MI | 2.0 | 1.0 | 962 | $1,200 | $1.25 | 24d | 1 | 1.01mi |
| 15100 Whitcomb St Detroit, MI | 2.0 | 1.0 | 750 | $925 | $1.23 | 44d | 1 | 1.04mi |
| 14891 Hartwell St Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 44d | 1 | 1.04mi |
| 17165 Prevost St Detroit, MI | 3.0 | 1.0 | 1060 | $2,400 | $2.26 | 2d | 1 | 1.05mi |
| 15512 Mendota St Apt 2 Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 44d | 1 | 1.09mi |
| 15512 Mendota St Detroit, MI | 2.0 | 1.0 | 931 | $1,200 | $1.29 | 5d | 1 | 1.09mi |
| 14847 Cheyenne St Detroit, MI | 3.0 | 2.0 | 849 | $1,150 | $1.35 | 18d | 1 | 1.13mi |
| 18481 Prest St Detroit, MI | 3.0 | 1.5 | 1100 | $1,300 | $1.18 | 19d | 1 | 1.19mi |
| 18427 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 952 | $980 | $1.03 | 5d | 1 | 1.19mi |
| 15375 Prevost St Detroit, MI | 4.0 | 1.0 | 907 | $1,300 | $1.43 | 17d | 1 | 1.20mi |
| 14559 Strathmoor St Detroit, MI | 2.0 | 1.0 | 1033 | $1,150 | $1.11 | 20d | 1 | 1.22mi |
| 14814 Sussex St Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 44d | 1 | 1.22mi |
| 15765 Washburn St Detroit, MI | 2.0 | 1.0 | 1093 | $950 | $0.87 | 44d | 1 | 1.24mi |
| 14893 Prest St Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 15d | 1 | 1.25mi |
| 18675 Meyers Rd Unit 18677 Detroit, MI | 2.0 | 1.0 | 942 | $1,100 | $1.17 | 44d | 1 | 1.28mi |
| 15839 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 17d | 1 | 1.31mi |
| 15878 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $900 | $1.12 | 44d | 1 | 1.33mi |
| 18400 Rutherford St Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 4d | 1 | 1.35mi |
| 16230 Indiana St Unit 2 Detroit, MI | 2.0 | 1.0 | 1050 | $1,200 | $1.14 | 18d | 1 | 1.35mi |
| 18268 Mansfield St Detroit, MI | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 17d | 1 | 1.35mi |
| 14881 Mendota St Detroit, MI | 3.0 | 1.0 | 1026 | $1,100 | $1.07 | 24d | 1 | 1.36mi |
Listing history 50 events
-
2026-06-18days on market $72,900 Active 170 DOM
-
2026-06-17days on market $72,900 Active 169 DOM
-
2026-06-15days on market $72,900 Active 167 DOM
-
2026-06-13days on market $72,900 Active 165 DOM
-
2026-06-13days on market $72,900 Active 164 DOM
-
2026-06-09days on market $72,900 Active 161 DOM
-
2026-06-08days on market $72,900 Active 160 DOM
-
2026-06-07days on market $72,900 Active 159 DOM
-
2026-06-04days on market $72,900 Active 156 DOM
-
2026-06-03days on market $72,900 Active 155 DOM
-
2026-06-01days on market $72,900 Active 153 DOM
-
2026-05-31days on market $72,900 Active 152 DOM
-
2026-01-15price $75,900 661-char remark
Show marketing remark (661 chars)
LONG STANDING TENANT OCCUPIED BRICK BUNGALOW HOME! LOCATED SOUTH OF W. MCNICHOLS AND WEST OF SCHAEFER HWY. THE TENANT HAS BEEN IN THE HOME SINCE APRIL 2023, AND IS CURRENTLY MONTH TO MONTH. HOME IS BEING SOLD WITH THE TENANT. RENT IS 925 PER MONTH, AND A 925 SEC DEP IS HELD. THIS HOME FEATURES A FIREPLACE IN THE LIVING ROOM, FORMAL DINING ROOM, TWO BEDROOMS AND BATH ON THE MAIN FLOOR, AND A BONUS/FLEX SPACE AND BEDROOM ON THE SECON FLOOR, UNFINISHED BASEMENT. 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.
-
2026-01-15price $75,900 661-char remark
Show marketing remark (661 chars)
LONG STANDING TENANT OCCUPIED BRICK BUNGALOW HOME! LOCATED SOUTH OF W. MCNICHOLS AND WEST OF SCHAEFER HWY. THE TENANT HAS BEEN IN THE HOME SINCE APRIL 2023, AND IS CURRENTLY MONTH TO MONTH. HOME IS BEING SOLD WITH THE TENANT. RENT IS 925 PER MONTH, AND A 925 SEC DEP IS HELD. THIS HOME FEATURES A FIREPLACE IN THE LIVING ROOM, FORMAL DINING ROOM, TWO BEDROOMS AND BATH ON THE MAIN FLOOR, AND A BONUS/FLEX SPACE AND BEDROOM ON THE SECON FLOOR, UNFINISHED BASEMENT. 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.
-
2025-12-30$77,900 Active 661-char remark
Show marketing remark (661 chars)
LONG STANDING TENANT OCCUPIED BRICK BUNGALOW HOME! LOCATED SOUTH OF W. MCNICHOLS AND WEST OF SCHAEFER HWY. THE TENANT HAS BEEN IN THE HOME SINCE APRIL 2023, AND IS CURRENTLY MONTH TO MONTH. HOME IS BEING SOLD WITH THE TENANT. RENT IS 925 PER MONTH, AND A 925 SEC DEP IS HELD. THIS HOME FEATURES A FIREPLACE IN THE LIVING ROOM, FORMAL DINING ROOM, TWO BEDROOMS AND BATH ON THE MAIN FLOOR, AND A BONUS/FLEX SPACE AND BEDROOM ON THE SECON FLOOR, UNFINISHED BASEMENT. 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.
-
2025-12-30$77,900 Active 661-char remark
Show marketing remark (661 chars)
LONG STANDING TENANT OCCUPIED BRICK BUNGALOW HOME! LOCATED SOUTH OF W. MCNICHOLS AND WEST OF SCHAEFER HWY. THE TENANT HAS BEEN IN THE HOME SINCE APRIL 2023, AND IS CURRENTLY MONTH TO MONTH. HOME IS BEING SOLD WITH THE TENANT. RENT IS 925 PER MONTH, AND A 925 SEC DEP IS HELD. THIS HOME FEATURES A FIREPLACE IN THE LIVING ROOM, FORMAL DINING ROOM, TWO BEDROOMS AND BATH ON THE MAIN FLOOR, AND A BONUS/FLEX SPACE AND BEDROOM ON THE SECON FLOOR, UNFINISHED BASEMENT. 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.
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2025-12-24historical
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2025-12-24historical
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2025-10-28price $77,900
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2025-10-27price $77,900
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2025-09-08price $79,900
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2025-09-08price $79,900
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2025-06-24$81,900 Active
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2025-06-24$81,900 Active
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2020-06-08soldstatus $59,895
-
2019-07-25soldstatus $39,900 Sold
-
2019-07-25soldstatus $39,900 Closed
-
2019-06-18status Pending
-
2019-06-18status Pending
-
2019-05-21$39,900 Active
-
2019-05-21$39,900 Active
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2018-01-05soldstatus $50,000
-
2017-11-13historical
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2017-11-08status Pending
-
2017-11-08status Pending
-
2017-11-06historical
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2017-07-20price $45,600
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2017-07-19price $45,600
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2017-05-05status Active
-
2017-05-01historical
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2017-04-05price $36,999
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2017-04-05price $36,999
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2017-02-21price $39,999
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2017-02-20price $39,999
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2016-12-02status Active
-
2016-11-30historical
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2016-11-27price $44,900
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2016-11-27price $44,900
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2016-11-04status Active
-
2016-10-31historical
ⓘ 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
- $1,921 · $160/mo
- Projected year-2 tax
- $1,921 · $160/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 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
- $15,832
- − Mortgage interest
- −$4,084
- − Property taxes
- −$1,921
- − Insurance
- −$364
- − Repairs & maintenance
- −$1,267
- − Management
- −$1,267
- − Depreciation
- −$2,121
- Taxable income
- $4,809
- Est. tax owed @ 24.0%
- −$1,154
- After-tax cash flow
- $4,480/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)
- 45,600
- Household income
- $39,265
- Rent vs Own
- Severe rent burden
- 3064.0
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% White 3% Two or more races 2% Hispanic / Latino 1%
- Foreign-born
- 1% · Canada
- Languages at home
- 98% English-only · Spanish 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
- ▼ -153.02%
- Current HPI
- 263.6326
- Rent YoY
- ▲ 3.25%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
|
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| Automotive Technology | 1 | $20B |
|
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Price history
+333.7% since first listed53 events — show timeline
- 2026-01-15 Price Changed $75,900 MiRealSource-MiMLS
- 2026-01-15 Price Changed $75,900 REALCOMP
- 2025-12-30 Listed $77,900 REALCOMP
- 2025-12-30 Listed $77,900 MiRealSource-MiMLS
- 2025-12-24 Listing Removed — MiRealSource-MiMLS
- 2025-12-24 Listing Removed — REALCOMP
- 2025-10-28 Price Changed $77,900 MiRealSource-MiMLS
- 2025-10-27 Price Changed $77,900 REALCOMP
- 2025-09-08 Price Changed $79,900 MiRealSource-MiMLS
- 2025-09-08 Price Changed $79,900 REALCOMP
- 2025-06-24 Listed $81,900 REALCOMP
- 2025-06-24 Listed $81,900 MiRealSource-MiMLS
- 2020-06-08 Sold (Public Records) $59,895 Public Records
- 2019-07-25 Sold (MLS) $39,900 MiRealSource-MiMLS
- 2019-07-25 Sold (MLS) $39,900 REALCOMP
- 2019-06-18 Pending — MiRealSource-MiMLS
- 2019-06-18 Pending — REALCOMP
- 2019-05-21 Listed $39,900 MiRealSource-MiMLS
- 2019-05-21 Listed $39,900 REALCOMP
- 2018-01-05 Sold (Public Records) $50,000 Public Records
- 2017-11-13 Listing Removed — REALCOMP
- 2017-11-08 Pending — MiRealSource-MiMLS
- 2017-11-08 Pending — REALCOMP
- 2017-11-06 Listing Removed — MiRealSource-MiMLS
- 2017-07-20 Price Changed $45,600 MiRealSource-MiMLS
- 2017-07-19 Price Changed $45,600 REALCOMP
- 2017-05-05 Relisted — REALCOMP
- 2017-05-01 Listing Removed — REALCOMP
- 2017-04-05 Price Changed $36,999 MiRealSource-MiMLS
- 2017-04-05 Price Changed $36,999 REALCOMP
- 2017-02-21 Price Changed $39,999 MiRealSource-MiMLS
- 2017-02-20 Price Changed $39,999 REALCOMP
- 2016-12-02 Relisted — REALCOMP
- 2016-11-30 Listing Removed — REALCOMP
- 2016-11-27 Price Changed $44,900 MiRealSource-MiMLS
- 2016-11-27 Price Changed $44,900 REALCOMP
- 2016-11-04 Relisted — REALCOMP
- 2016-10-31 Listing Removed — REALCOMP
- 2016-10-13 Listed $46,900 MiRealSource-MiMLS
- 2016-10-13 Listed $46,900 REALCOMP
- 2016-04-06 Listing Removed — REALCOMP
- 2016-04-06 Listing Removed — MiRealSource-MiMLS
- 2016-03-05 Price Changed $22,999 REALCOMP
- 2016-01-27 Price Changed $27,999 REALCOMP
- 2015-12-31 Price Changed $32,499 REALCOMP
- 2015-12-01 Price Changed $38,999 REALCOMP
- 2015-11-06 Listed $40,000 REALCOMP
- 2015-11-05 Listed $22,999 MiRealSource-MiMLS
- 2009-07-14 Listing Removed — REALCOMP
- 2009-06-17 Listed $8,000 REALCOMP
- 2008-12-20 Listing Removed — REALCOMP
- 2008-06-20 Listed $59,900 REALCOMP
- 1997-08-21 Sold (Public Records) $17,500 Public Records
Property tax history
+0.5%/yrLatest (2025): $1,921 · -54.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…