2651 Lakewood St · Detroit, MI 48215

$105,000

3 bd · 2.0 ba · 2,128 sqft · SingleFamily public records · 205 Days on market

Built 1923 6,098 sqft lot ↓ 25% since listing

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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
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

Key facts

• Brick bungalow
• Formal dining room
• Full basement

Tags

• BRICK BUNGALOW
• FULL BASEMENT
• FIREPLACE
• FORMAL DINING ROOM
• UPDATED KITCHEN
• GRANITE COUNTERS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $415 ($5k/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: 137 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

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 + 3.0% 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 205 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 2y ago; this cycle's ask has dropped $60k (36%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

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

Questions for the listing agent

1. It's been on market 205 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 1923 — 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: 1.30% ✓
• Cap rate: 11.04%
• Cash-on-cash: 16.95%
• DSCR: 1.75
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $340,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2651 Lakewood St	0.00mi	3/1.0	2,128 (0%)	1mo	$105,000	$49	95
1108 Wayburn St	0.60mi	3/2.0	2,176 (+2%)	1mo	$340,000	$156	68
1354 Lakepointe St	0.56mi	4/2.0 (+1)	2,172 (+2%)	12mo	$442,000	$203	56
1239 Maryland St	0.49mi	4/2.0 (+1)	1,850 (-13%)	3mo	$296,500	$160	48
1131 Wayburn Rd	0.55mi	3/2.0	2,006 (-6%)	22mo	$272,500	$136	46
1364 Beaconsfield Ave	0.62mi	4/2.5 (+1)	2,000 (-6%)	11mo	$365,000	$183	44
1365 Maryland St	0.45mi	3/1.5	2,315 (+9%)	23mo	$272,500	$118	43
1357 Nottingham Dr	0.65mi	3/2.0	1,900 (-11%)	11mo	$439,520	$231	43
1424 Lakepointe St	0.56mi	3/3.0	2,400 (+13%)	10mo	$391,000	$163	40
1121 Maryland St	0.60mi	3/2.5	1,936 (-9%)	20mo	$335,000	$173	38
1081 Lakepointe St	0.73mi	3/2.0	1,836 (-14%)	8mo	$245,000	$133	37
4378 Lakewood St	0.68mi	4/2.5 (+1)	2,000 (-6%)	21mo	$250,000	$125	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.2%
• Equity multiple: 1.32×
• Total profit: $9,424
• Equity at exit: $15,656

10-year hold

• IRR: 17.4%
• Equity multiple: 2.44×
• Total profit: $42,205
• 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 48215

• Home prices YoY: -24.1%
• Active inventory: 137
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,367 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$70 /mo · $844/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $415

Break-even live

Break-even rent $841

Max offer price $105,000

Occupancy floor 65%

Sensitivity live

Price	-10% $475	-5% $445	+0% $415	+5% $386	+10% $356
Rent	-10% $307	-5% $361	+0% $415	+5% $469	+10% $523
Rate	-1.0pp $468	-0.5pp $442	base $415	+0.5pp $388	+1.0pp $360

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 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1334 Maryland St Grosse Pointe Park, MI	2.0	1.0	1786	$1,200	$0.67	19d	1	0.49mi
2174 Springle St Detroit, MI	3.0	1.0	2256	$1,150	$0.51	3d	1	0.54mi
371 Piper Blvd Detroit, MI	3.0	1.5	2340	$2,000	$0.85	45d	1	1.41mi
832 Harcourt Rd Grosse Pointe Park, MI	2.0	2.5	1675	$1,850	$1.10	3d	1	1.44mi

Listing history 34 events

1. 2026-04-02
   status Pending

   Show marketing remark (508 chars)

   This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

2. 2026-04-02
   status Pending 508-char remark

   Show marketing remark (508 chars)

   This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

3. 2026-04-01
   status Active

   Show marketing remark (508 chars)

   This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

4. 2026-04-01
   status Back on Market 508-char remark

   Show marketing remark (508 chars)

   This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

5. 2026-03-31
   status Pending
6. 2026-03-27
   historical
7. 2026-03-17
   status Pending

   Show marketing remark (508 chars)

   This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

8. 2026-03-17
   status Pending 508-char remark

   Show marketing remark (508 chars)

   This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

9. 2026-03-10
   status Active

   Show marketing remark (508 chars)

   This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

10. 2026-03-10
    status Active 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

11. 2026-01-31
    status Pending

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

12. 2026-01-31
    status Pending 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

13. 2026-01-15
    price $105,000 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

14. 2026-01-14
    price $105,000
15. 2026-01-06
    status Active

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

16. 2026-01-06
    status Active 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

17. 2025-12-28
    historical

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

18. 2025-12-28
    historical 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

19. 2025-12-23
    price $115,000 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

20. 2025-12-22
    price $115,000
21. 2025-11-24
    price $125,000 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

22. 2025-11-24
    price $125,000

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

23. 2025-10-28
    price $135,000 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

24. 2025-10-27
    price $135,000
25. 2025-10-01
    price $145,000 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

26. 2025-09-30
    price $145,000
27. 2025-09-03
    price $155,000 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

28. 2025-09-03
    price $155,000

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

29. 2025-07-09
    listed $164,900 Active

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

30. 2025-07-09
    listed $164,900 Active 508-char remark

    Show marketing remark (508 chars)

    This is a Fannie Mae HomePath Property. Exceptional 3 Bedroom Brick Bungalow with Full Basement. Large open and Roomy Floorplan. Home has been fully repaired inside and out. Large Living Room with Fireplace and front sitting room. Formal Dining Room. Completely updated Kitchen with new Cabinets and Granite Counters. Fully renovated Bathroom. Upper Level 3rd bedroom has new HVAC runs and fixtures and only requires finishing. New Flooring and fixtures throughout. New interior doors and Trim. New Driveway.

31. 2024-03-29
    historical
32. 2024-03-29
    historical
33. 2024-01-22
    listed $140,000 Active
34. 2024-01-22
    listed $140,000 Active

ⓘ 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: $844 · $70/mo
• Projected year-2 tax: $1,231 · $103/mo
• Expected delta: +$386/yr (+$32/mo · 45.8%)

ⓘ 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 ≥96°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: $16,407
• − Mortgage interest: −$5,882
• − Property taxes: −$844
• − Insurance: −$525
• − Repairs & maintenance: −$1,313
• − Management: −$1,313
• − Depreciation: −$3,055
• Taxable income: $3,476
• Est. tax owed @ 24.0%: −$834
• After-tax cash flow: $4,150/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
• City population: 572,865
• Population (ZIP): 10,238

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 (87%)
• Race & ethnicity: Black 87% White 9% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Romanian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% 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: ▼ -60.84%
• Current HPI: 191.0405
• Rent YoY: —
• Metro: —
• 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

-25.0% since first listed

34 events — show timeline

• 2026-04-02 Pending — REALCOMP
• 2026-04-02 Pending — MiRealSource-MiMLS
• 2026-04-01 Relisted — REALCOMP
• 2026-04-01 Relisted — MiRealSource-MiMLS
• 2026-03-31 Pending — REALCOMP
• 2026-03-27 Listing Removed — REALCOMP
• 2026-03-17 Pending — REALCOMP
• 2026-03-17 Pending — MiRealSource-MiMLS
• 2026-03-10 Relisted — REALCOMP
• 2026-03-10 Relisted — MiRealSource-MiMLS
• 2026-01-31 Pending — REALCOMP
• 2026-01-31 Pending — MiRealSource-MiMLS
• 2026-01-15 Price Changed $105,000 MiRealSource-MiMLS
• 2026-01-14 Price Changed $105,000 REALCOMP
• 2026-01-06 Relisted — REALCOMP
• 2026-01-06 Relisted — MiRealSource-MiMLS
• 2025-12-28 Listing Removed — MiRealSource-MiMLS
• 2025-12-28 Listing Removed — REALCOMP
• 2025-12-23 Price Changed $115,000 MiRealSource-MiMLS
• 2025-12-22 Price Changed $115,000 REALCOMP
• 2025-11-24 Price Changed $125,000 MiRealSource-MiMLS
• 2025-11-24 Price Changed $125,000 REALCOMP
• 2025-10-28 Price Changed $135,000 MiRealSource-MiMLS
• 2025-10-27 Price Changed $135,000 REALCOMP
• 2025-10-01 Price Changed $145,000 MiRealSource-MiMLS
• 2025-09-30 Price Changed $145,000 REALCOMP
• 2025-09-03 Price Changed $155,000 MiRealSource-MiMLS
• 2025-09-03 Price Changed $155,000 REALCOMP
• 2025-07-09 Listed $164,900 REALCOMP
• 2025-07-09 Listed $164,900 MiRealSource-MiMLS
• 2024-03-29 Listing Removed — MiRealSource-MiMLS
• 2024-03-29 Listing Removed — REALCOMP
• 2024-01-22 Listed $140,000 MiRealSource-MiMLS
• 2024-01-22 Listed $140,000 REALCOMP

Property tax history

+0.0%/yr

Latest (2025): $844 · -7.5% YoY. Source: county tax records.