15996 Chalfonte St · Detroit, MI 48227

$59,900

4 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 199 Days on market

Built 1928 6,098 sqft lot $52/sqft · 14% below area Est $69k · 14% under

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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
• ARV discount +13.7/15.0
• 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

TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

• 6,098 sq ft lot
• Built 1928
• Listed 198 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $658 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.5% vs local median 10.1% 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); 391 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $1,484/mo this rent would consume 49% 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 $414 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 $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 199 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 23 sale attempts since 16y ago; this cycle's ask has dropped $16k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $52,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 199 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 1928 — 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: 2.48% ✓
• Cap rate: 19.47%
• Cash-on-cash: 47.04%
• DSCR: 3.09
• GRM: 3.4

CMA / ARV

• ARV (median comp): $69,486
• List price: $59,900
• Delta: -13.80%
• 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
15508 Saint Marys St	0.38mi	3/1.0 (-1)	1,100 (-4%)	0mo	$59,900	$54	70
16342 Ellsworth St	0.22mi	3/1.5 (-1)	1,064 (-8%)	7mo	$43,000	$40	65
14736 Mansfield St	0.14mi	3/1.0 (-1)	1,318 (+14%)	0mo	$62,000	$47	64
15725 Asbury Park	0.47mi	3/2.0 (-1)	1,206 (+5%)	2mo	$80,200	$67	59
15366 Sussex St	0.57mi	3/1.0 (-1)	1,100 (-4%)	3mo	$105,000	$95	59
15800 Biltmore St	0.59mi	3/2.5 (-1)	1,188 (+3%)	3mo	$112,000	$94	54
15771 Rutherford St	0.47mi	3/1.0 (-1)	1,289 (+12%)	1mo	$55,106	$43	52
15328 Prest St E	0.43mi	3/1.5 (-1)	1,298 (+13%)	3mo	$66,999	$52	49
15727 Mansfield St	0.42mi	3/1.5 (-1)	1,300 (+13%)	3mo	$55,000	$42	49
15721 Robson St	0.74mi	3/2.0 (-1)	1,193 (+4%)	4mo	$190,000	$159	47
15751 Biltmore St	0.54mi	3/1.0 (-1)	1,000 (-13%)	5mo	$119,000	$119	44
14572 Terry St	0.73mi	3/1.0 (-1)	1,248 (+8%)	4mo	$103,000	$83	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: 47.6%
• Equity multiple: 3.16×
• Total profit: $36,224
• Equity at exit: $8,931

10-year hold

• IRR: 54.5%
• Equity multiple: 7.14×
• Total profit: $102,983
• Equity at exit: $5,179

Cash invested: $16,772 (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: 3.4×

Monthly cashflow live

• Estimated rent: $1,484 high
• Mortgage (P&I): −$314
• Tax from tax record: −$176 /mo · $2,113/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $658

Break-even live

Break-even rent $652

Max offer price $59,900

Occupancy floor 51%

Sensitivity live

Price	-10% $691	-5% $674	+0% $658	+5% $641	+10% $624
Rent	-10% $540	-5% $599	+0% $658	+5% $716	+10% $775
Rate	-1.0pp $688	-0.5pp $673	base $658	+0.5pp $642	+1.0pp $626

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	45d	1	0.05mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	18d	1	0.22mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	18d	1	0.29mi
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	45d	1	0.33mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	45d	1	0.37mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	16d	1	0.38mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	6d	1	0.48mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	18d	1	0.52mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	45d	1	0.55mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	25d	1	0.61mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	25d	1	0.63mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	25d	1	0.63mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	13d	1	0.63mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	0.63mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	18d	1	0.72mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	45d	1	0.78mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	4d	1	0.80mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	25d	1	0.85mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.86mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	6d	1	0.87mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	45d	1	0.93mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	16d	1	0.96mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	18d	1	1.09mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	4d	1	1.09mi
16837 Winthrop St Detroit, MI	5.0	2.0	1500	$2,000	$1.33	21d	1	1.11mi
13279 Coyle St Detroit, MI	3.0	1.0	1444	$1,373	$0.95	45d	1	1.12mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	45d	1	1.14mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	45d	1	1.22mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	18d	1	1.23mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	3d	1	1.24mi
12711 Grandmont Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	19d	1	1.24mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	13d	1	1.24mi
13581 Penrod St Detroit, MI	4.0	1.0	1152	$1,200	$1.04	45d	1	1.25mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	18d	1	1.26mi
13331 Strathmoor St Detroit, MI	3.0	1.0	1084	$1,100	$1.01	18d	1	1.27mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	45d	1	1.37mi
12754 Marlowe St Detroit, MI	3.0	2.0	1008	$1,400	$1.39	18d	1	1.42mi
12950 Glastonbury Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	25d	1	1.43mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	12d	1	1.43mi
13514 Stahelin Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	19d	1	1.45mi

Listing history 50 events

1. 2026-06-21
   days on market $59,900 Active 199 DOM
2. 2026-06-18
   days on market $59,900 Active 196 DOM
3. 2026-06-17
   days on market $59,900 Active 195 DOM
4. 2026-06-15
   days on market $59,900 Active 193 DOM
5. 2026-06-13
   days on market $59,900 Active 191 DOM
6. 2026-06-13
   pricedays on market $59,900 Active 190 DOM
7. 2026-06-09
   days on market $60,900 Active 187 DOM
8. 2026-06-08
   days on market $60,900 Active 186 DOM
9. 2026-06-07
   days on market $60,900 Active 185 DOM
10. 2026-06-04
    days on market $60,900 Active 182 DOM
11. 2026-06-03
    days on market $60,900 Active 181 DOM
12. 2026-06-02
    price $60,900 Active 179 DOM
13. 2026-06-01
    days on market $61,900 Active 179 DOM
14. 2026-05-31
    days on market $61,900 Active 178 DOM
15. 2026-05-08
    price $61,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

16. 2026-05-08
    price $61,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

17. 2026-04-18
    price $62,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

18. 2026-04-17
    price $62,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

19. 2026-03-24
    price $63,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

20. 2026-03-23
    price $63,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

21. 2026-03-19
    price $65,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

22. 2026-03-18
    price $65,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

23. 2026-02-26
    price $69,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

24. 2026-02-25
    price $69,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

25. 2026-01-23
    price $73,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

26. 2026-01-22
    price $73,900 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

27. 2025-12-04
    listed $75,900 Active 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

28. 2025-12-04
    listed $75,900 Active 487-char remark

    Show marketing remark (487 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED SOUTH OF FENKELL AND WEST OF GREENFIELD. THIS SPACIOUS HOME FEATURES AN INVITING LIVING ROOM, DINING ROOM, FOUR GOOD SIZED BEDROOMS, TWO FULL BATHROOMS, AND AN UNFINISHED BASEMENT! THE TENANT IS IN A LEASE UNTIL 1/31/26 AND THEIR MONTHLY RENT IS 1050. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

29. 2025-12-03
    historical
30. 2025-12-03
    historical
31. 2025-09-21
    price $73,900
32. 2025-09-21
    price $73,900
33. 2025-09-09
    price $74,900
34. 2025-09-09
    price $74,900
35. 2025-08-12
    price $75,900
36. 2025-08-11
    price $75,900
37. 2025-08-02
    status Active
38. 2025-08-01
    historical
39. 2025-07-22
    price $77,900
40. 2025-07-21
    price $77,900
41. 2025-06-28
    price $79,900
42. 2025-06-27
    price $79,900
43. 2025-06-25
    listed $59,900 Active
44. 2025-06-25
    listed $59,900 Active
45. 2024-07-29
    historical
46. 2024-07-29
    historical
47. 2024-05-03
    price $69,900
48. 2024-05-02
    price $69,900
49. 2024-04-12
    price $71,900
50. 2024-04-12
    price $71,900

ⓘ 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: $2,113 · $176/mo
• Projected year-2 tax: $2,113 · $176/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: $17,813
• − Mortgage interest: −$3,355
• − Property taxes: −$2,113
• − Insurance: −$300
• − Repairs & maintenance: −$1,425
• − Management: −$1,425
• − Depreciation: −$1,743
• Taxable income: $7,452
• Est. tax owed @ 24.0%: −$1,789
• After-tax cash flow: $6,102/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

+350.7% since first listed

74 events — show timeline

• 2026-05-08 Price Changed $61,900 MiRealSource-MiMLS
• 2026-05-08 Price Changed $61,900 REALCOMP
• 2026-04-18 Price Changed $62,900 MiRealSource-MiMLS
• 2026-04-17 Price Changed $62,900 REALCOMP
• 2026-03-24 Price Changed $63,900 MiRealSource-MiMLS
• 2026-03-23 Price Changed $63,900 REALCOMP
• 2026-03-19 Price Changed $65,900 MiRealSource-MiMLS
• 2026-03-18 Price Changed $65,900 REALCOMP
• 2026-02-26 Price Changed $69,900 MiRealSource-MiMLS
• 2026-02-25 Price Changed $69,900 REALCOMP
• 2026-01-23 Price Changed $73,900 MiRealSource-MiMLS
• 2026-01-22 Price Changed $73,900 REALCOMP
• 2025-12-04 Listed $75,900 REALCOMP
• 2025-12-04 Listed $75,900 MiRealSource-MiMLS
• 2025-12-03 Listing Removed — MiRealSource-MiMLS
• 2025-12-03 Listing Removed — REALCOMP
• 2025-09-21 Price Changed $73,900 MiRealSource-MiMLS
• 2025-09-21 Price Changed $73,900 REALCOMP
• 2025-09-09 Price Changed $74,900 MiRealSource-MiMLS
• 2025-09-09 Price Changed $74,900 REALCOMP
• 2025-08-12 Price Changed $75,900 MiRealSource-MiMLS
• 2025-08-11 Price Changed $75,900 REALCOMP
• 2025-08-02 Relisted — REALCOMP
• 2025-08-01 Listing Removed — REALCOMP
• 2025-07-22 Price Changed $77,900 MiRealSource-MiMLS
• 2025-07-21 Price Changed $77,900 REALCOMP
• 2025-06-28 Price Changed $79,900 MiRealSource-MiMLS
• 2025-06-27 Price Changed $79,900 REALCOMP
• 2025-06-25 Listed $59,900 REALCOMP
• 2025-06-25 Listed $59,900 MiRealSource-MiMLS
• 2024-07-29 Listing Removed — REALCOMP
• 2024-07-29 Listing Removed — MiRealSource-MiMLS
• 2024-05-03 Price Changed $69,900 MiRealSource-MiMLS
• 2024-05-02 Price Changed $69,900 REALCOMP
• 2024-04-12 Price Changed $71,900 MiRealSource-MiMLS
• 2024-04-12 Price Changed $71,900 REALCOMP
• 2024-03-21 Listed $72,900 MiRealSource-MiMLS
• 2024-03-21 Listed $72,900 REALCOMP
• 2024-03-06 Listing Removed — MiRealSource-MiMLS
• 2024-03-05 Listing Removed — REALCOMP
• 2024-02-01 Price Changed $72,900 MiRealSource-MiMLS
• 2024-01-31 Price Changed $72,900 REALCOMP
• 2024-01-05 Listed $75,900 MiRealSource-MiMLS
• 2024-01-05 Listed $75,900 REALCOMP
• 2023-12-02 Listing Removed — MiRealSource-MiMLS
• 2023-12-01 Listing Removed — REALCOMP
• 2023-10-18 Listed $85,000 MiRealSource-MiMLS
• 2023-10-18 Listed $85,000 REALCOMP
• 2011-10-31 Listing Removed — REALCOMP
• 2011-10-25 Listing Removed — MiRealSource-MiMLS
• 2011-09-29 Listing Removed — MiRealSource-MiMLS
• 2011-09-29 Listed $3,999 MiRealSource-MiMLS
• 2011-09-29 Listed $3,999 REALCOMP
• 2011-09-28 Listing Removed — REALCOMP
• 2011-09-02 Listing Removed — MiRealSource-MiMLS
• 2011-09-02 Listing Removed — REALCOMP
• 2011-09-02 Listed $3,999 REALCOMP
• 2011-09-02 Listed $3,999 MiRealSource-MiMLS
• 2011-07-12 Listing Removed — REALCOMP
• 2011-07-12 Listing Removed — MiRealSource-MiMLS
• 2011-07-12 Listed $5,495 MiRealSource-MiMLS
• 2011-07-12 Listed $5,495 REALCOMP
• 2011-06-16 Listed $6,480 REALCOMP
• 2011-06-16 Listed $6,480 MiRealSource-MiMLS
• 2011-04-26 Listing Removed — MiRealSource-MiMLS
• 2011-04-25 Listing Removed — REALCOMP
• 2011-01-13 Listed $6,000 REALCOMP
• 2011-01-13 Listed $6,000 MiRealSource-MiMLS
• 2010-12-29 Listing Removed — MiRealSource-MiMLS
• 2010-12-29 Listing Removed — REALCOMP
• 2010-08-26 Listed $10,000 MiRealSource-MiMLS
• 2010-08-26 Listed $10,000 REALCOMP
• 2000-10-19 Sold (Public Records) $70,000 Public Records
• 1993-01-20 Sold (Public Records) $13,734 Public Records

Property tax history

+13.7%/yr

Latest (2025): $2,113 · -54.3% YoY. Source: county tax records.