19610 Norwood St · Detroit, MI 48234

$130,000

3 bd · 1.0 ba · 996 sqft · SingleFamily public records · 31 Days on market

Built 1942 4,356 sqft lot

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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 +21.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.1/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into a home where everything has already been done for you. This beautifully updated property offers a bright and welcoming layout, perfect for comfortable everyday living. Enjoy the benefits of major upgrades, including new windows, fresh paint, new flooring, a new furnace, new water tank, and a new roof, giving buyers added confidence in the quality of work. Whether you're looking for your next home or a smart investment, this move-in ready property is ready for you to make it your own. Conveniently located close to shopping, dining, and major roads for easy access.

Key facts

• 4,356 sq ft lot
• 2 garage spots
• Built 1942

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $202 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $126k (3.0% 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 (+6.7%/yr); 226 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 45% of the median local income ($35k/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 $899 of loan paydown is wiped out by about $4k 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 + 6.7% rent growth), your $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 $24k; list at $130k implies a 453% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1942 — 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: 1.01% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.64%
• DSCR: 1.30
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $44,820
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19619 Norwood St	0.03mi	3/1.0	941 (-6%)	2mo	$30,500	$32	88
19360 Revere St	0.12mi	3/1.0	1,050 (+5%)	2mo	$78,000	$74	84
19227 Ryan Rd	0.29mi	3/1.0	919 (-8%)	1mo	$38,000	$41	72
20426 Wexford St	0.52mi	3/1.5	1,009 (+1%)	0mo	$117,000	$116	71
19155 Ryan Rd	0.35mi	3/1.0	1,068 (+7%)	2mo	$45,000	$42	70
19672 Justine St	0.43mi	3/1.0	1,050 (+5%)	2mo	$47,500	$45	69
20409 Yonka St	0.49mi	3/1.0	1,050 (+5%)	1mo	$93,000	$89	67
19235 Lamont St	0.65mi	2/1.0 (-1)	960 (-4%)	1mo	$40,000	$42	58
19416 Lamont St	0.64mi	3/1.5	1,065 (+7%)	1mo	$9,000	$8	56
19365 Goddard St	0.59mi	3/1.0	1,100 (+10%)	0mo	$97,500	$89	55
18660 Klinger St	0.53mi	4/2.0 (+1)	880 (-12%)	0mo	$21,000	$24	47
19610 Conley St	0.75mi	3/1.0	1,120 (+12%)	0mo	$80,000	$71	44

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: -2.2%
• Equity multiple: 0.91×
• Total profit: $-3,160
• Equity at exit: $19,383

10-year hold

• IRR: 11.0%
• Equity multiple: 2.00×
• Total profit: $36,245
• Equity at exit: $11,240

Cash invested: $36,400 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,311 high
• Mortgage (P&I): −$682
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $202

Break-even live

Break-even rent $1,056

Max offer price $130,000

Occupancy floor 80%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	4d	1	0.02mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	24d	1	0.11mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	14d	1	0.19mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	16d	1	0.25mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	16d	1	0.60mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	16d	1	0.60mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	17d	1	0.61mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	4d	1	0.67mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	0.78mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	24d	1	0.84mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	23d	1	0.84mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	16d	1	0.92mi
18084 Goddard St Detroit, MI	2.0	1.5	790	$1,050	$1.33	16d	1	0.93mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	4d	1	0.93mi
18882 Marx St Highland Park, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	0.96mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	16d	1	0.98mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	43d	1	0.99mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	21d	1	0.99mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	24d	1	1.03mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	43d	1	1.05mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	43d	1	1.07mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	16d	1	1.11mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	1.22mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	21d	1	1.30mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	24d	1	1.39mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	43d	1	1.48mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	18d	1	1.49mi

Listing history 11 events

1. 2026-04-25
   status Pending 579-char remark

   Show marketing remark (579 chars)

   Step into a home where everything has already been done for you. This beautifully updated property offers a bright and welcoming layout, perfect for comfortable everyday living. Enjoy the benefits of major upgrades, including new windows, fresh paint, new flooring, a new furnace, new water tank, and a new roof, giving buyers added confidence in the quality of work. Whether you're looking for your next home or a smart investment, this move-in ready property is ready for you to make it your own. Conveniently located close to shopping, dining, and major roads for easy access.

2. 2026-04-25
   status Pending

   Show marketing remark (579 chars)

   Step into a home where everything has already been done for you. This beautifully updated property offers a bright and welcoming layout, perfect for comfortable everyday living. Enjoy the benefits of major upgrades, including new windows, fresh paint, new flooring, a new furnace, new water tank, and a new roof, giving buyers added confidence in the quality of work. Whether you're looking for your next home or a smart investment, this move-in ready property is ready for you to make it your own. Conveniently located close to shopping, dining, and major roads for easy access.

3. 2026-03-26
   listed $130,000 Active 579-char remark

   Show marketing remark (579 chars)

   Step into a home where everything has already been done for you. This beautifully updated property offers a bright and welcoming layout, perfect for comfortable everyday living. Enjoy the benefits of major upgrades, including new windows, fresh paint, new flooring, a new furnace, new water tank, and a new roof, giving buyers added confidence in the quality of work. Whether you're looking for your next home or a smart investment, this move-in ready property is ready for you to make it your own. Conveniently located close to shopping, dining, and major roads for easy access.

4. 2026-03-26
   listed $130,000 Active

   Show marketing remark (579 chars)

   Step into a home where everything has already been done for you. This beautifully updated property offers a bright and welcoming layout, perfect for comfortable everyday living. Enjoy the benefits of major upgrades, including new windows, fresh paint, new flooring, a new furnace, new water tank, and a new roof, giving buyers added confidence in the quality of work. Whether you're looking for your next home or a smart investment, this move-in ready property is ready for you to make it your own. Conveniently located close to shopping, dining, and major roads for easy access.

5. 2026-03-21
   historical $130,000 579-char remark

   Show marketing remark (579 chars)

   Step into a home where everything has already been done for you. This beautifully updated property offers a bright and welcoming layout, perfect for comfortable everyday living. Enjoy the benefits of major upgrades, including new windows, fresh paint, new flooring, a new furnace, new water tank, and a new roof, giving buyers added confidence in the quality of work. Whether you're looking for your next home or a smart investment, this move-in ready property is ready for you to make it your own. Conveniently located close to shopping, dining, and major roads for easy access.

6. 2025-09-08
   soldstatus $23,500 Closed 894-char remark

   Show marketing remark (894 chars)

   Charming Brick Bungalow in Pershing Neighborhood. This full brick bungalow offers a solid foundation and great potential in Detroit's Pershing neighborhood. Featuring 3 bedrooms and 1 full bathroom, this home is ready for the right investor to bring it back to life and restore its original charm. With classic architectural details and strong bones, it's a perfect opportunity to revitalize a property with lasting value. Owned by the Detroit Land Bank Authority - don't miss your chance to invest in Detroit's growing future. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.

7. 2025-09-08
   soldstatus $23,500 Closed

   Show marketing remark (894 chars)

   Charming Brick Bungalow in Pershing Neighborhood. This full brick bungalow offers a solid foundation and great potential in Detroit's Pershing neighborhood. Featuring 3 bedrooms and 1 full bathroom, this home is ready for the right investor to bring it back to life and restore its original charm. With classic architectural details and strong bones, it's a perfect opportunity to revitalize a property with lasting value. Owned by the Detroit Land Bank Authority - don't miss your chance to invest in Detroit's growing future. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.

8. 2025-07-28
   status Pending 894-char remark

   Show marketing remark (894 chars)

   Charming Brick Bungalow in Pershing Neighborhood. This full brick bungalow offers a solid foundation and great potential in Detroit's Pershing neighborhood. Featuring 3 bedrooms and 1 full bathroom, this home is ready for the right investor to bring it back to life and restore its original charm. With classic architectural details and strong bones, it's a perfect opportunity to revitalize a property with lasting value. Owned by the Detroit Land Bank Authority - don't miss your chance to invest in Detroit's growing future. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.

9. 2025-07-28
   status Pending

   Show marketing remark (894 chars)

   Charming Brick Bungalow in Pershing Neighborhood. This full brick bungalow offers a solid foundation and great potential in Detroit's Pershing neighborhood. Featuring 3 bedrooms and 1 full bathroom, this home is ready for the right investor to bring it back to life and restore its original charm. With classic architectural details and strong bones, it's a perfect opportunity to revitalize a property with lasting value. Owned by the Detroit Land Bank Authority - don't miss your chance to invest in Detroit's growing future. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.

10. 2025-05-28
    listed $23,500 Active 894-char remark

    Show marketing remark (894 chars)

    Charming Brick Bungalow in Pershing Neighborhood. This full brick bungalow offers a solid foundation and great potential in Detroit's Pershing neighborhood. Featuring 3 bedrooms and 1 full bathroom, this home is ready for the right investor to bring it back to life and restore its original charm. With classic architectural details and strong bones, it's a perfect opportunity to revitalize a property with lasting value. Owned by the Detroit Land Bank Authority - don't miss your chance to invest in Detroit's growing future. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.

11. 2025-05-28
    listed $23,500 Active

    Show marketing remark (894 chars)

    Charming Brick Bungalow in Pershing Neighborhood. This full brick bungalow offers a solid foundation and great potential in Detroit's Pershing neighborhood. Featuring 3 bedrooms and 1 full bathroom, this home is ready for the right investor to bring it back to life and restore its original charm. With classic architectural details and strong bones, it's a perfect opportunity to revitalize a property with lasting value. Owned by the Detroit Land Bank Authority - don't miss your chance to invest in Detroit's growing future. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.

ⓘ 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: $1,177 · $98/mo
• Projected year-2 tax: $1,590 · $132/mo
• Expected delta: +$412/yr (+$34/mo · 35.0%)

ⓘ 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 ≥97°F today · 15 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

Taxation est. · year 1

• Rental income: $15,730
• − Mortgage interest: −$7,282
• − Property taxes: −$1,177
• − Insurance: −$650
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$3,782
• Taxable income: $322
• Est. tax owed @ 24.0%: −$77
• After-tax cash flow: $2,341/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+453.2% since first listed

11 events — show timeline

• 2026-04-25 Pending — MiRealSource-MiMLS
• 2026-04-25 Pending — REALCOMP
• 2026-03-26 Listed $130,000 MiRealSource-MiMLS
• 2026-03-26 Listed $130,000 REALCOMP
• 2026-03-21 Coming Soon $130,000 MiRealSource-MiMLS
• 2025-09-08 Sold (MLS) $23,500 REALCOMP
• 2025-09-08 Sold (MLS) $23,500 MiRealSource-MiMLS
• 2025-07-28 Pending — MiRealSource-MiMLS
• 2025-07-28 Pending — REALCOMP
• 2025-05-28 Listed $23,500 REALCOMP
• 2025-05-28 Listed $23,500 MiRealSource-MiMLS

Property tax history

-5.7%/yr

Latest (2025): $1,177 · +0.0% YoY. Source: county tax records.