15055 Mark Twain St · Detroit, MI 48227

$84,900

3 bd · 1.0 ba · 1,463 sqft · SingleFamily public records · 129 Days on market

Built 1929 4,356 sqft lot $58/sqft · 45% above area Est $58k · 45% over

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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 +30.0/30.0
• 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
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful brick 3-bedroom, 2-bath home located in Detroit near Fenkell Ave with convenient access to major roads and local amenities. Property features a spacious layout, full basement, and strong rental potential. Currently rented at $1,200 per month. Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer. BATVAI.

Key facts

• Convenient access
• Full basement
• Brick home

Tags

• BRICK HOME
• SPACIOUS LAYOUT
• FULL BASEMENT
• STRONG RENTAL POTENTIAL
• CONVENIENT ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (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); 391 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 44% 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 $587 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 $24k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y 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 $54k; list at $85k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 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 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.59% ✓
• Cap rate: 11.46%
• Cash-on-cash: 18.47%
• DSCR: 1.82
• GRM: 5.3

CMA / ARV

• ARV (median comp): $58,491
• List price: $84,900
• Delta: 45.15%
• 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
15763 Robson St	0.53mi	2/1.5 (-1)	1,485 (+2%)	3mo	$58,500	$39	63
14905 Littlefield St	0.57mi	3/1.0	1,368 (-6%)	1mo	$52,000	$38	62
14644 Hubbell St	0.28mi	3/1.0	1,248 (-15%)	2mo	$45,000	$36	61
14574 Mark Twain St	0.33mi	2/1.5 (-1)	1,650 (+13%)	2mo	$50,000	$30	54
15328 Prest St E	0.55mi	3/1.5	1,298 (-11%)	3mo	$66,999	$52	51
15868 Whitcomb St	0.71mi	3/1.0	1,332 (-9%)	2mo	$95,000	$71	50
15530 Winthrop St	0.75mi	3/1.0	1,573 (+8%)	3mo	$60,000	$38	50
15053 Littlefield St	0.55mi	3/2.0	1,286 (-12%)	2mo	$75,000	$58	48
15501 Whitcomb St	0.59mi	4/1.5 (+1)	1,609 (+10%)	2mo	$90,000	$56	48
14232 Lauder St	0.65mi	3/1.0	1,272 (-13%)	2mo	$60,000	$47	46
15103 Cheyenne St	0.61mi	4/2.0 (+1)	1,317 (-10%)	4mo	$121,500	$92	43
14974 Cheyenne St	0.64mi	3/2.5	1,300 (-11%)	4mo	$155,000	$119	43

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: 13.5%
• Equity multiple: 1.56×
• Total profit: $13,237
• Equity at exit: $12,659

10-year hold

• IRR: 24.5%
• Equity multiple: 3.42×
• Total profit: $57,479
• Equity at exit: $7,341

Cash invested: $23,772 (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: 391
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,347 high
• Mortgage (P&I): −$445
• Tax from tax record: −$218 /mo · $2,613/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $366

Break-even live

Break-even rent $884

Max offer price $84,900

Occupancy floor 68%

Sensitivity live

Price	-10% $414	-5% $390	+0% $366	+5% $342	+10% $318
Rent	-10% $259	-5% $313	+0% $366	+5% $419	+10% $472
Rate	-1.0pp $409	-0.5pp $387	base $366	+0.5pp $344	+1.0pp $322

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	18d	1	0.26mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	13d	1	0.33mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	45d	1	0.34mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	0.35mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	25d	1	0.35mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	25d	1	0.35mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	13d	1	0.35mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	4d	1	0.37mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	18d	1	0.38mi
14559 Strathmoor St Detroit, MI	2.0	1.0	1033	$1,150	$1.11	21d	1	0.38mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	18d	1	0.40mi
15517 Lesure St Unit BDRM1A Detroit, MI	2.0	1.0	1000	$850	$0.85	25d	1	0.42mi
15468 Sussex St #2 Detroit, MI	2.0	1.0	900	$1,250	$1.39	45d	1	0.47mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	45d	1	0.47mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	45d	1	0.48mi
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	18d	1	0.48mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.53mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	45d	1	0.58mi
15088 Littlefield St Detroit, MI	2.0	1.0	1294	$1,275	$0.99	23d	1	0.58mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	16d	1	0.58mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	18d	1	0.63mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	16d	1	0.68mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	45d	1	0.72mi
16505 Stansbury St Detroit, MI	3.0	1.0	1700	$1,345	$0.79	45d	1	0.78mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	12d	1	0.78mi
14615 Winthrop St Detroit, MI	2.0	1.0	1217	$1,300	$1.07	18d	1	0.79mi
14580 Forrer St Unit Unit Detroit, MI	2.0	1.0	1300	$900	$0.69	21d	1	0.82mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	18d	1	0.85mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	6d	1	0.85mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	45d	1	0.88mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	45d	1	0.89mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	45d	1	0.91mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	6d	1	0.94mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	45d	1	0.94mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	18d	1	0.98mi
13331 Strathmoor St Detroit, MI	3.0	1.0	1084	$1,100	$1.01	18d	1	1.04mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	25d	1	1.04mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	45d	1	1.05mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	6d	1	1.05mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	13d	1	1.05mi

Listing history 24 events

1. 2026-06-21
   days on market $84,900 Active 129 DOM
2. 2026-06-18
   days on market $84,900 Active 126 DOM
3. 2026-06-17
   days on market $84,900 Active 125 DOM
4. 2026-06-15
   days on market $84,900 Active 123 DOM
5. 2026-06-13
   days on market $84,900 Active 121 DOM
6. 2026-06-13
   days on market $84,900 Active 120 DOM
7. 2026-06-09
   days on market $84,900 Active 117 DOM
8. 2026-06-08
   days on market $84,900 Active 116 DOM
9. 2026-06-07
   days on market $84,900 Active 115 DOM
10. 2026-06-04
    days on market $84,900 Active 112 DOM
11. 2026-06-03
    days on market $84,900 Active 111 DOM
12. 2026-06-01
    days on market $84,900 Active 109 DOM
13. 2026-05-31
    days on market $84,900 Active 108 DOM
14. 2026-03-31
    price $84,900 378-char remark

    Show marketing remark (378 chars)

    Beautiful brick 3-bedroom, 2-bath home located in Detroit near Fenkell Ave with convenient access to major roads and local amenities. Property features a spacious layout, full basement, and strong rental potential. Currently rented at $1,200 per month. Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer. BATVAI.

15. 2026-03-30
    price $84,900 378-char remark

    Show marketing remark (378 chars)

    Beautiful brick 3-bedroom, 2-bath home located in Detroit near Fenkell Ave with convenient access to major roads and local amenities. Property features a spacious layout, full basement, and strong rental potential. Currently rented at $1,200 per month. Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer. BATVAI.

16. 2026-03-30
    price $84,900

    Show marketing remark (378 chars)

    Beautiful brick 3-bedroom, 2-bath home located in Detroit near Fenkell Ave with convenient access to major roads and local amenities. Property features a spacious layout, full basement, and strong rental potential. Currently rented at $1,200 per month. Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer. BATVAI.

17. 2026-02-12
    listed $89,900 Active 378-char remark

    Show marketing remark (378 chars)

    Beautiful brick 3-bedroom, 2-bath home located in Detroit near Fenkell Ave with convenient access to major roads and local amenities. Property features a spacious layout, full basement, and strong rental potential. Currently rented at $1,200 per month. Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer. BATVAI.

18. 2026-02-12
    listed $89,900 Active 378-char remark

    Show marketing remark (378 chars)

    Beautiful brick 3-bedroom, 2-bath home located in Detroit near Fenkell Ave with convenient access to major roads and local amenities. Property features a spacious layout, full basement, and strong rental potential. Currently rented at $1,200 per month. Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer. BATVAI.

19. 2026-02-12
    listed $89,900 Active

    Show marketing remark (378 chars)

    Beautiful brick 3-bedroom, 2-bath home located in Detroit near Fenkell Ave with convenient access to major roads and local amenities. Property features a spacious layout, full basement, and strong rental potential. Currently rented at $1,200 per month. Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer. BATVAI.

20. 2022-09-01
    soldstatus $54,500
21. 2019-12-01
    historical
22. 2019-12-01
    historical
23. 2019-07-18
    listed $58,000 Active
24. 2019-07-18
    listed $58,000 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: $2,613 · $218/mo
• Projected year-2 tax: $2,613 · $218/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: $16,165
• − Mortgage interest: −$4,756
• − Property taxes: −$2,613
• − Insurance: −$424
• − Repairs & maintenance: −$1,293
• − Management: −$1,293
• − Depreciation: −$2,470
• Taxable income: $3,316
• Est. tax owed @ 24.0%: −$796
• After-tax cash flow: $3,595/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

+46.4% since first listed

11 events — show timeline

• 2026-03-31 Price Changed $84,900 MiRealSource-MiMLS
• 2026-03-30 Price Changed $84,900 REALCOMP
• 2026-03-30 Price Changed $84,900 SW Michigan MLS
• 2026-02-12 Listed $89,900 SW Michigan MLS
• 2026-02-12 Listed $89,900 REALCOMP
• 2026-02-12 Listed $89,900 MiRealSource-MiMLS
• 2022-09-01 Sold (Public Records) $54,500 Public Records
• 2019-12-01 Listing Removed — MiRealSource-MiMLS
• 2019-12-01 Listing Removed — REALCOMP
• 2019-07-18 Listed $58,000 MiRealSource-MiMLS
• 2019-07-18 Listed $58,000 REALCOMP

Property tax history

+2.9%/yr

Latest (2025): $2,613 · -54.4% YoY. Source: county tax records.