15319 Asbury Park · Detroit, MI 48227

$75,000

3 bd · 1.0 ba · 1,456 sqft · SingleFamily public records · 40 Days on market

Built 1939 4,792 sqft lot $52/sqft · 46% below area Est $138k · 46% under

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

Key facts

• 4,792 sq ft lot
• Garage
• Built 1939

🏷️ Possibly a rental listed for sale. The $75,000 price doesn't fit this home's estimated sale value (~$137,769) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $527 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.7% 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 fast (+5.6%/yr); 385 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $1,382/mo this rent would consume 45% of the median local household income ($37k/yr) (locally 2371% 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 $519 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 + 5.6% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 20 sale attempts since 17y ago; this cycle's ask has dropped $20k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $75k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.84% ✓
• Cap rate: 14.73%
• Cash-on-cash: 30.13%
• DSCR: 2.34
• GRM: 4.5

CMA / ARV

• ARV (median comp): $137,769
• List price: $75,000
• Delta: -45.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15357 Rutherford St	0.23mi	3/1.5	1,592 (+9%)	2mo	$45,000	$28	70
14736 Mansfield St	0.36mi	3/1.0	1,318 (-10%)	0mo	$62,000	$47	67
15727 Mansfield St	0.30mi	3/1.5	1,300 (-11%)	3mo	$55,000	$42	64
15482 Rutherford St	0.30mi	3/1.0	1,653 (+14%)	0mo	$65,000	$39	63
15771 Rutherford St	0.37mi	3/1.0	1,289 (-12%)	1mo	$55,106	$43	63
14837 Ashton Rd	0.65mi	3/1.5	1,386 (-5%)	2mo	$200,000	$144	58
16533 Harlow St	0.72mi	3/1.5	1,385 (-5%)	2mo	$83,989	$61	55
14689 Forrer St	0.51mi	3/1.5	1,627 (+12%)	3mo	$65,000	$40	52
15328 Prest St E	0.58mi	3/1.5	1,298 (-11%)	3mo	$66,999	$52	50
15092 Faust Ave	0.72mi	3/2.0	1,310 (-10%)	1mo	$127,500	$97	45
15501 Whitcomb St	0.65mi	4/1.5 (+1)	1,609 (+10%)	2mo	$90,000	$56	44
16601 Ferguson St	0.69mi	3/2.5	1,625 (+12%)	1mo	$189,900	$117	42

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 27.8%
• Equity multiple: 2.20×
• Total profit: $25,177
• Equity at exit: $11,183

10-year hold

• IRR: 36.9%
• Equity multiple: 4.87×
• Total profit: $81,359
• Equity at exit: $6,485

Cash invested: $21,000 (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.

Methodology + full state rankings →

ZIP-level market 48227

• Rents YoY: 5.6%
• Active inventory: 385
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,382 high
• Mortgage (P&I): −$393
• Tax from tax record: −$140 /mo · $1,678/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $527

Break-even live

Break-even rent $714

Max offer price $75,000

Occupancy floor 57%

Sensitivity live

Price	-10% $570	-5% $549	+0% $527	+5% $506	+10% $485
Rent	-10% $418	-5% $473	+0% $527	+5% $582	+10% $637
Rate	-1.0pp $565	-0.5pp $546	base $527	+0.5pp $508	+1.0pp $488

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	17d	1	0.15mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	0.15mi
14800 Woodmont Ave Detroit, MI	3.0	2.0	1612	$1,525	$0.95	15d	1	0.24mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	17d	1	0.25mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	17d	1	0.30mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	44d	1	0.34mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	5d	1	0.37mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	5d	1	0.37mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	13d	1	0.37mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	44d	1	0.43mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	25d	1	0.45mi
14716 Archdale St Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	0.49mi
14535 Mettetal St Unit 1 Detroit, MI	2.0	1.0	965	$1,000	$1.04	44d	1	0.51mi
14510 Asbury Park Detroit, MI	2.0	1.0	1771	$1,250	$0.71	44d	1	0.53mi
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	44d	1	0.56mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	4d	1	0.56mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	25d	1	0.62mi
14580 Forrer St Unit Unit Detroit, MI	2.0	1.0	1300	$900	$0.69	20d	1	0.63mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	15d	1	0.64mi
14615 Winthrop St Detroit, MI	2.0	1.0	1217	$1,300	$1.07	17d	1	0.66mi
15468 Sussex St #2 Detroit, MI	2.0	1.0	900	$1,250	$1.39	44d	1	0.75mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	25d	1	0.79mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	13d	1	0.79mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	25d	1	0.79mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	18d	1	0.79mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	44d	1	0.81mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	17d	1	0.89mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.92mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	44d	1	0.95mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	15d	1	0.97mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	2d	1	1.06mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	44d	1	1.06mi
17201 Saint Marys St Detroit, MI	2.0	1.0	1200	$1,200	$1.00	3d	1	1.06mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	44d	1	1.09mi
16757 Greenview Ave Unit 1A Detroit, MI	3.0	1.5	1600	$1,500	$0.94	5d	1	1.10mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	5d	1	1.16mi
14559 Strathmoor St Detroit, MI	2.0	1.0	1033	$1,150	$1.11	21d	1	1.18mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	44d	1	1.19mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	17d	1	1.20mi
16823 Stahelin Ave Detroit, MI	3.0	2.5	1500	$1,600	$1.07	18d	1	1.24mi

Listing history 45 events

1. 2026-05-19
   status Active 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

2. 2026-05-19
   status Active 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

3. 2026-05-14
   status Pending 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

4. 2026-05-14
   status Pending 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

5. 2026-04-23
   price $75,000 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

6. 2026-04-23
   price $75,000 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

7. 2026-04-13
   listed $95,000 Active 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

8. 2026-04-13
   listed $95,000 Active 155-char remark

   Show marketing remark (155 chars)

   Appointment only. Occupied by tenant. DO NOT DISTURB. * BATVAI. Great tenant, zero balance, consistent payer. Rent needs to be raised. Under market at $800

9. 2026-04-01
   historical
10. 2025-10-09
    status Active
11. 2025-10-09
    status Active
12. 2025-08-29
    status Pending
13. 2025-08-29
    status Pending
14. 2025-08-29
    historical
15. 2025-08-26
    status Active
16. 2025-08-26
    status Active
17. 2025-06-10
    status Pending
18. 2025-06-10
    status Pending
19. 2025-06-06
    status Active
20. 2025-06-06
    status Active
21. 2025-06-03
    status Pending
22. 2025-06-03
    status Pending
23. 2025-03-25
    status Active
24. 2024-12-18
    historical
25. 2024-11-22
    listed $95,000 Active
26. 2024-11-22
    listed $95,000 Active
27. 2016-12-09
    soldstatus $25,000 Sold
28. 2016-12-09
    soldstatus $25,000 Closed
29. 2016-12-01
    status Pending
30. 2016-12-01
    status Pending
31. 2016-11-22
    listed $29,900 Active
32. 2016-11-21
    listed $29,900 Active
33. 2015-10-04
    historical
34. 2015-10-03
    historical
35. 2015-08-24
    price $29,900
36. 2015-06-16
    price $34,500
37. 2015-06-05
    listed $39,900 Active
38. 2015-06-05
    listed $29,900
39. 2009-10-16
    historical
40. 2009-09-30
    soldstatus $9,000
41. 2009-09-27
    historical
42. 2009-09-18
    soldstatus $9,000
43. 2009-08-24
    listed $10,000
44. 2009-08-18
    listed $10,000
45. 2009-08-18
    listed $10,000

ⓘ 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: $1,678 · $140/mo
• Projected year-2 tax: $1,678 · $140/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 3/10 Moderate 7 d/yr ≥98°F today · 15 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

Taxation est. · year 1

• Rental income: $16,584
• − Mortgage interest: −$4,201
• − Property taxes: −$1,678
• − Insurance: −$375
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − Depreciation: −$2,182
• Taxable income: $5,494
• Est. tax owed @ 24.0%: −$1,319
• After-tax cash flow: $5,010/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

Price history

+650.0% since first listed

45 events — show timeline

• 2026-05-19 Relisted — MiRealSource-MiMLS
• 2026-05-19 Relisted — REALCOMP
• 2026-05-14 Pending — MiRealSource-MiMLS
• 2026-05-14 Pending — REALCOMP
• 2026-04-23 Price Changed $75,000 MiRealSource-MiMLS
• 2026-04-23 Price Changed $75,000 REALCOMP
• 2026-04-13 Listed $95,000 REALCOMP
• 2026-04-13 Listed $95,000 MiRealSource-MiMLS
• 2026-04-01 Listing Removed — MiRealSource-MiMLS
• 2025-10-09 Relisted — MiRealSource-MiMLS
• 2025-10-09 Relisted — REALCOMP
• 2025-08-29 Pending — MiRealSource-MiMLS
• 2025-08-29 Pending — REALCOMP
• 2025-08-29 Listing Removed — REALCOMP
• 2025-08-26 Relisted — MiRealSource-MiMLS
• 2025-08-26 Relisted — REALCOMP
• 2025-06-10 Pending — MiRealSource-MiMLS
• 2025-06-10 Pending — REALCOMP
• 2025-06-06 Relisted — MiRealSource-MiMLS
• 2025-06-06 Relisted — REALCOMP
• 2025-06-03 Pending — MiRealSource-MiMLS
• 2025-06-03 Pending — REALCOMP
• 2025-03-25 Relisted — REALCOMP
• 2024-12-18 Listing Removed — REALCOMP
• 2024-11-22 Listed $95,000 REALCOMP
• 2024-11-22 Listed $95,000 MiRealSource-MiMLS
• 2016-12-09 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2016-12-09 Sold (MLS) $25,000 REALCOMP
• 2016-12-01 Pending — MiRealSource-MiMLS
• 2016-12-01 Pending — REALCOMP
• 2016-11-22 Listed $29,900 MiRealSource-MiMLS
• 2016-11-21 Listed $29,900 REALCOMP
• 2015-10-04 Listing Removed — REALCOMP
• 2015-10-03 Listing Removed — MiRealSource-MiMLS
• 2015-08-24 Price Changed $29,900 REALCOMP
• 2015-06-16 Price Changed $34,500 REALCOMP
• 2015-06-05 Listed $39,900 REALCOMP
• 2015-06-05 Listed $29,900 MiRealSource-MiMLS
• 2009-10-16 Listing Removed — MiRealSource-MiMLS
• 2009-09-30 Sold (MLS) $9,000 MiRealSource-MiMLS
• 2009-09-27 Listing Removed — MiRealSource-MiMLS
• 2009-09-18 Sold (MLS) $9,000 REALCOMP
• 2009-08-24 Listed $10,000 MiRealSource-MiMLS
• 2009-08-18 Listed $10,000 REALCOMP
• 2009-08-18 Listed $10,000 MiRealSource-MiMLS

Property tax history

-1.5%/yr

Latest (2025): $1,678 · -9.7% YoY. Source: county tax records.