13201 Prest St · Detroit, MI 48227

$105,000

3 bd · 1.0 ba · 774 sqft · SingleFamily public records · 126 Days on market

Built 1952 4,356 sqft lot $136/sqft · 140% above area

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Why this score? — see what drove the C+ 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 +27.8/30.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• 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

Welcome to 13201 Prest St, Detroit! This beautifully upgraded brick bungalow located on a desirable corner lot is super clean, turnkey, and move-in ready. Conveniently located near schools, shopping, restaurants, parks, and public transportation, this home offers quality, comfort and convenience. Perfect for an owner-occupant or an investor seeking instant cash flow, this property stands out with its updates and solid condition. Buyer to verify all information, including room sizes and property taxes. A 1-year Home Warranty is included for added peace of mind. Make sure to take a look at the photos and floor plan for further appreciation.

Key facts

• Move-in ready
• Brick bungalow
• Solid condition

Tags

• BRICK BUNGALOW
• CORNER LOT
• UPGRADED
• MOVE-IN READY
• SOLID CONDITION
• 1 YEAR HOME WARRANTY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $92k (12.0% 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 (+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).
• This rent runs 43% of the median local income ($37k/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 $726 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 + 5.6% rent growth), your $29k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y 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.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 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 1952 — 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: 1.26% ✓
• Cap rate: 9.94%
• Cash-on-cash: 13.01%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

• ARV (median comp): $62,097
• List price: $105,000
• Delta: 69.09%
• 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
12656 Mettetal St	0.50mi	2/1.0 (-1)	803 (+4%)	2mo	$72,872	$91	64
11694 Forrer St	0.71mi	3/1.0	768 (-1%)	6mo	$58,000	$76	60
13316 Freeland St	0.65mi	3/1.0	766 (-1%)	9mo	$50,000	$65	60
12690 Asbury Park	0.55mi	3/2.0	826 (+7%)	2mo	$85,000	$103	58
13409 Hubbell St	0.48mi	3/1.0	795 (+3%)	20mo	$92,597	$116	56
16436 Fullerton St	0.63mi	2/1.0 (-1)	801 (+4%)	13mo	$38,000	$47	49
12217 Mansfield St	0.58mi	2/1.0 (-1)	683 (-12%)	4mo	$46,000	$67	45
12121 Montrose St	0.54mi	3/1.0	874 (+13%)	12mo	$85,714	$98	43
12038 Lauder St	0.69mi	3/1.0	836 (+8%)	15mo	$40,000	$48	42
12892 Asbury Park	0.52mi	2/1.0 (-1)	872 (+13%)	10mo	$82,400	$94	41
11711 Prest St	0.67mi	2/1.0 (-1)	835 (+8%)	14mo	$72,000	$86	39
12016 Winthrop St	0.62mi	2/1.0 (-1)	862 (+11%)	17mo	$30,000	$35	33

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: 5.8%
• Equity multiple: 1.23×
• Total profit: $6,847
• Equity at exit: $15,656

10-year hold

• IRR: 17.4%
• Equity multiple: 2.62×
• Total profit: $47,486
• Equity at exit: $9,078

Cash invested: $29,400 (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: 6.6×

Monthly cashflow live

• Estimated rent: $1,322 high
• Mortgage (P&I): −$551
• Tax est. 1.5%: −$131 /mo · $1,575/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $319

Break-even live

Break-even rent $919

Max offer price $105,000

Occupancy floor 71%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12754 Marlowe St Detroit, MI	3.0	2.0	1008	$1,400	$1.39	16d	1	0.43mi
13331 Strathmoor St Detroit, MI	3.0	1.0	1084	$1,100	$1.01	16d	1	0.50mi
12121 Montrose St Detroit, MI	3.0	1.0	874	$1,373	$1.57	22d	1	0.55mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	43d	1	0.56mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	43d	1	0.66mi
12039 Lauder St Detroit, MI	3.0	1.5	1000	$1,500	$1.50	24d	1	0.68mi
12711 Grandmont Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	18d	1	0.70mi
11634 Sussex St Detroit, MI	3.0	1.0	1091	$1,326	$1.22	24d	1	0.76mi
11397 Whitcomb St Detroit, MI	3.0	1.0	1070	$1,400	$1.31	16d	1	0.85mi
11393 Prest St Detroit, MI	3.0	1.0	900	$1,550	$1.72	16d	1	0.86mi
11345 Greenfield Rd Detroit, MI	2.0	1.0	700	$1,050	$1.50	12d	1	0.90mi
14535 Mettetal St Unit 1 Detroit, MI	2.0	1.0	965	$1,000	$1.04	43d	1	0.91mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	43d	1	0.91mi
14559 Strathmoor St Detroit, MI	2.0	1.0	1033	$1,150	$1.11	20d	1	0.93mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	16d	1	0.93mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	43d	1	0.97mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	15d	1	0.97mi
10015 Robson St Detroit, MI	3.0	2.0	1000	$1,400	$1.40	18d	1	1.02mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	12d	1	1.02mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	5d	1	1.02mi
13600 Southfield Fwy Detroit, MI	2.0	1.0	848	$1,100	$1.30	5d	1	1.04mi
9973 Winthrop St Detroit, MI	3.0	1.0	960	$1,400	$1.46	43d	1	1.05mi
9936 Montrose St Detroit, MI	3.0	1.0	963	$1,200	$1.25	16d	1	1.08mi
9917 Sussex St Detroit, MI	2.0	1.0	800	$1,375	$1.72	43d	1	1.10mi
12944 Rosemont Ave Detroit, MI	2.0	1.0	800	$1,050	$1.31	5d	1	1.15mi
15100 Whitcomb St Detroit, MI	2.0	1.0	750	$925	$1.23	43d	1	1.16mi
9546 Sussex St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	43d	1	1.24mi
12941 Penrod St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	1.24mi
15073 Strathmoor St Detroit, MI	2.0	1.0	860	$1,350	$1.57	16d	1	1.24mi
9590 Marlowe St Detroit, MI	2.0	1.0	877	$1,430	$1.63	43d	1	1.26mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	24d	1	1.28mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	24d	1	1.28mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	12d	1	1.28mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	18d	1	1.28mi
12875 Faust Ave Detroit, MI	2.0	1.0	735	$1,200	$1.63	5d	1	1.30mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	16d	1	1.31mi
13591 Faust Ave Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	1.31mi
14740 W Chicago Unit B Detroit, MI	2.0	1.0	900	$845	$0.94	43d	1	1.32mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	16d	1	1.33mi
13717 Keal St Detroit, MI	2.0	1.0	799	$1,000	$1.25	43d	1	1.33mi

Listing history 27 events

1. 2026-06-18
   days on market $105,000 Active 126 DOM
2. 2026-06-17
   days on market $105,000 Active 125 DOM
3. 2026-06-15
   days on market $105,000 Active 123 DOM
4. 2026-06-13
   days on market $105,000 Active 121 DOM
5. 2026-06-13
   days on market $105,000 Active 120 DOM
6. 2026-06-09
   days on market $105,000 Active 117 DOM
7. 2026-06-08
   days on market $105,000 Active 116 DOM
8. 2026-06-07
   days on market $105,000 Active 115 DOM
9. 2026-06-04
   days on market $105,000 Active 112 DOM
10. 2026-06-03
    days on market $105,000 Active 111 DOM
11. 2026-06-01
    days on market $105,000 Active 109 DOM
12. 2026-05-31
    days on market $105,000 Active 108 DOM
13. 2026-02-12
    listed $105,000 Active 646-char remark

    Show marketing remark (647 chars)

    Welcome to 13201 Prest St, Detroit! This beautifully upgraded brick bungalow located on a desirable corner lot is super clean, turnkey, and move-in ready. Conveniently located near schools, shopping, restaurants, parks, and public transportation, this home offers quality, comfort and convenience. Perfect for an owner-occupant or an investor seeking instant cash flow, this property stands out with its updates and solid condition. Buyer to verify all information, including room sizes and property taxes. A 1-year Home Warranty is included for added peace of mind. Make sure to take a look at the photos and floor plan for further appreciation.

14. 2026-02-12
    listed $105,000 Active 647-char remark

    Show marketing remark (647 chars)

    Welcome to 13201 Prest St, Detroit! This beautifully upgraded brick bungalow located on a desirable corner lot is super clean, turnkey, and move-in ready. Conveniently located near schools, shopping, restaurants, parks, and public transportation, this home offers quality, comfort and convenience. Perfect for an owner-occupant or an investor seeking instant cash flow, this property stands out with its updates and solid condition. Buyer to verify all information, including room sizes and property taxes. A 1-year Home Warranty is included for added peace of mind. Make sure to take a look at the photos and floor plan for further appreciation.

15. 2026-02-01
    historical
16. 2026-02-01
    historical
17. 2025-12-18
    price $105,000
18. 2025-12-18
    price $105,000
19. 2025-10-21
    listed $109,900 Active
20. 2025-10-21
    listed $109,900 Active
21. 2025-06-04
    soldstatus $102,500
22. 2007-01-12
    soldstatus $25,000
23. 2007-01-12
    soldstatus $25,000
24. 2006-12-22
    historical
25. 2006-10-05
    listed $39,900
26. 2006-09-29
    listed $29,000
27. 2005-08-04
    soldstatus $70,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% 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: $15,865
• − Mortgage interest: −$5,882
• − Property taxes: −$1,575
• − Insurance: −$525
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$3,055
• Taxable income: $2,291
• Est. tax owed @ 24.0%: −$550
• After-tax cash flow: $3,276/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

+50.0% since first listed

15 events — show timeline

• 2026-02-12 Listed $105,000 REALCOMP
• 2026-02-12 Listed $105,000 MiRealSource-MiMLS
• 2026-02-01 Listing Removed — REALCOMP
• 2026-02-01 Listing Removed — MiRealSource-MiMLS
• 2025-12-18 Price Changed $105,000 MiRealSource-MiMLS
• 2025-12-18 Price Changed $105,000 REALCOMP
• 2025-10-21 Listed $109,900 REALCOMP
• 2025-10-21 Listed $109,900 MiRealSource-MiMLS
• 2025-06-04 Sold (Public Records) $102,500 Public Records
• 2007-01-12 Sold (MLS) $25,000 REALCOMP
• 2007-01-12 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2006-12-22 Listing Removed — MiRealSource-MiMLS
• 2006-10-05 Listed $39,900 REALCOMP
• 2006-09-29 Listed $29,000 MiRealSource-MiMLS
• 2005-08-04 Sold (Public Records) $70,000 Public Records

Property tax history

-16.2%/yr

Latest (2025): $44 · +68.2% YoY. Source: county tax records.