9694 Otsego St · Detroit, MI 48204

$95,000

3 bd · 1.0 ba · 879 sqft · SingleFamily public records · 6 Days on market

Built 1920 3,920 sqft lot $108/sqft · 134% above area

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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 +27.0/30.0
• Appreciation +10.0/10.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

9694 Otsego St, Detroit, MI 48204 – $95,000 Charming 3-Bedroom Bungalow in a Prime Detroit Location! This well-maintained single-family home offers approximately 1,318 sq ft of living space on a nice 0.09-acre lot (approx. 30x124 ft). Built in 1920, it features classic bungalow styling with modern vinyl siding for easy upkeep. 3 Bedrooms 1 Full Bath Spacious living room and separate dining area – perfect for family gatherings Functional kitchen. Location Highlights: Situated in the Graham & Carrolls Grand River Subdivision (Livernois-I75 / Grand River area), this home is conveniently located with easy access to major roads, public transportation, shopping, and amenities in the vibrant Detroit community. Ideal for first-time buyers, investors, or those seeking a solid starter home with upside potential. Priced attractively at $95,000, this property represents excellent value in the current Detroit market. Great opportunity to own a piece of Detroit real estate with room to personalize and build equity!

Key facts

• 3,920 sq ft lot
• Built 1920
• Listed 5 days

Tags

• PRIME DETROIT LOCATION
• EASY ACCESS TO MAJOR ROADS
• PUBLIC TRANSPORTATION
• SHOPPING AND AMENITIES

Property features AI

Finance

• Other: Located in Graham & Carrolls Grand River subdivision; Directions: East of Livernois and north of Grand River
• Financial info: Annual tax amount reported

Exterior

• Parking: No garage
• Utilities: Water available; Sewer available
• Home design: Single-family residence; One and one-half story; Ground-level entry with steps
• Construction: Vinyl siding; Brick/mortar foundation; Above-grade living area approximately 1,318 square feet
• Exterior features: Paved road access; Lot dimensions approximately 30 x 124.47 (0.09 acre)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement; Total of 6 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $267 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).

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: 248 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 41% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $10k of equity ($657 loan paydown + $10k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,000

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.24% ✓
• Cap rate: 9.67%
• Cash-on-cash: 12.05%
• DSCR: 1.54
• GRM: 6.7

CMA / ARV

• ARV (median comp): $60,768
• List price: $95,000
• Delta: 56.33%
• 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
9376 Otsego St	0.11mi	3/1.0	873 (-1%)	9mo	$39,500	$45	86
9304 Otsego St	0.18mi	2/1.0 (-1)	875 (-0%)	5mo	$32,500	$37	82
9744 Holmur St	0.16mi	3/1.0	850 (-3%)	14mo	$80,000	$94	75
9775 Petoskey Ave	0.05mi	3/1.5	922 (+5%)	15mo	$120,000	$130	75
9901 Yellowstone St	0.30mi	3/1.0	937 (+7%)	3mo	$78,000	$83	72
9311 Yellowstone St	0.35mi	2/1.0 (-1)	859 (-2%)	7mo	$79,150	$92	69
4900 Elmhurst St	0.63mi	3/1.0	934 (+6%)	2mo	$45,000	$48	58
11387 Broadstreet Ave	0.38mi	3/1.0	1,004 (+14%)	9mo	$75,000	$75	51
11418 Yosemite St	0.49mi	3/1.0	952 (+8%)	15mo	$60,000	$63	51
11405 Yosemite St	0.49mi	3/1.0	1,000 (+14%)	4mo	$60,000	$60	50
9715 Yosemite St	0.34mi	2/1.0 (-1)	1,000 (+14%)	11mo	$57,000	$57	46
4203 Monterey St	0.64mi	3/1.0	1,000 (+14%)	10mo	$40,000	$40	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.1%
• Equity multiple: 3.59×
• Total profit: $68,777
• Equity at exit: $85,584

10-year hold

• IRR: 28.6%
• Equity multiple: 8.11×
• Total profit: $189,201
• Equity at exit: $184,564

Cash invested: $26,600 (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 48204

• Home prices YoY: 18.5%
• Active inventory: 248
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,178 high
• Mortgage (P&I): −$498
• Tax from tax record: −$126 /mo · $1,509/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $267

Break-even live

Break-even rent $840

Max offer price $95,000

Occupancy floor 72%

Sensitivity live

Price	-10% $321	-5% $294	+0% $267	+5% $240	+10% $213
Rent	-10% $174	-5% $221	+0% $267	+5% $314	+10% $360
Rate	-1.0pp $315	-0.5pp $291	base $267	+0.5pp $243	+1.0pp $218

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9376 Otsego St Detroit, MI	3.0	1.0	873	$1,396	$1.60	44d	1	0.11mi
3759 Atkinson St Unit 2 Detroit, MI	2.0	1.0	919	$1,200	$1.31	25d	1	0.33mi
3295 Rochester St Unit 2 Detroit, MI	2.0	1.0	800	$1,000	$1.25	5d	1	0.38mi
3295 Rochester St Unit 2 Detroit, MI	2.0	1.0	782	$850	$1.09	44d	1	0.38mi
3226 Calvert Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	13d	1	0.49mi
3242 Clairmount St Detroit, MI	2.0	1.0	530	$1,300	$2.45	44d	1	0.53mi
9789 Chenlot St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	5d	1	0.54mi
9917 Woodside St Apt 1 Detroit, MI	2.0	1.0	800	$800	$1.00	44d	1	0.68mi
4268 Cortland St Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	44d	1	0.77mi
12019 Stoepel St Detroit, MI	2.0	1.0	1000	$943	$0.94	5d	1	0.85mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,423	$1.58	5d	1	0.88mi
8762 Epworth St Unit 8768 Detroit, MI	2.0	1.0	900	$1,000	$1.11	25d	1	0.97mi
2638 Richton St Unit 2638 Richton Upper Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	1.03mi
2531 Pingree St Unit 2 (FL 2) Detroit, MI	3.0	1.0	893	$1,100	$1.23	3d	1	1.05mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	22d	1	1.06mi
12663 Stoepel St Unit 1 Detroit, MI	2.0	1.0	750	$975	$1.30	18d	1	1.06mi
5101 Oregon St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	44d	1	1.09mi
2676 Sturtevant St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	25d	1	1.09mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	1.10mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	44d	1	1.11mi
3783 Tyler St Unit Lower Detroit, MI	3.0	1.0	1000	$1,150	$1.15	44d	1	1.13mi
3824 Tyler St Apt 1 Detroit, MI	3.0	1.0	900	$1,523	$1.69	17d	1	1.15mi
5398 Allendale St Detroit, MI	2.0	1.0	1100	$1,200	$1.09	24d	1	1.27mi
2023 Tuxedo St Detroit, MI	2.0	1.0	950	$1,050	$1.11	25d	1	1.28mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	25d	1	1.28mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	44d	1	1.28mi
2285 Cortland St Detroit, MI	2.0	1.0	900	$1,000	$1.11	17d	1	1.29mi
2021 Blaine St Detroit, MI	1.0–2.0	1.0	684	$1,200	$1.75	44d	1	1.32mi
3812 W Grand St Detroit, MI	2.0	1.0	1100	$1,025	$0.93	17d	1	1.38mi

Listing history 40 events

1. 2026-06-21
   days on market $95,000 Active 6 DOM
2. 2026-06-18
   days on market $95,000 Active 3 DOM
3. 2026-06-17
   days on market $95,000 Active 2 DOM
4. 2026-06-15
   remarks 683-char remark

   Show marketing remark (1060 chars)

   9694 Otsego St, Detroit, MI 48204 – $95,000 Charming 3-Bedroom Bungalow in a Prime Detroit Location! This well-maintained single-family home offers approximately 1,318 sq ft of living space on a nice 0.09-acre lot (approx. 30x124 ft). Built in 1920, it features classic bungalow styling with modern vinyl siding for easy upkeep. 3 Bedrooms 1 Full Bath Spacious living room and separate dining area – perfect for family gatherings Functional kitchen. Location Highlights: Situated in the Graham & Carrolls Grand River Subdivision (Livernois-I75 / Grand River area), this home is conveniently located with easy access to major roads, public transportation, shopping, and amenities in the vibrant Detroit community. Ideal for first-time buyers, investors, or those seeking a solid starter home with upside potential. Priced attractively at $95,000, this property represents excellent value in the current Detroit market. Great opportunity to own a piece of Detroit real estate with room to personalize and build equity!

5. 2026-06-15
   days on marketlisting id $95,000 Active 1 DOM

   Show marketing remark (1060 chars)

   9694 Otsego St, Detroit, MI 48204 – $95,000 Charming 3-Bedroom Bungalow in a Prime Detroit Location! This well-maintained single-family home offers approximately 1,318 sq ft of living space on a nice 0.09-acre lot (approx. 30x124 ft). Built in 1920, it features classic bungalow styling with modern vinyl siding for easy upkeep. 3 Bedrooms 1 Full Bath Spacious living room and separate dining area – perfect for family gatherings Functional kitchen. Location Highlights: Situated in the Graham & Carrolls Grand River Subdivision (Livernois-I75 / Grand River area), this home is conveniently located with easy access to major roads, public transportation, shopping, and amenities in the vibrant Detroit community. Ideal for first-time buyers, investors, or those seeking a solid starter home with upside potential. Priced attractively at $95,000, this property represents excellent value in the current Detroit market. Great opportunity to own a piece of Detroit real estate with room to personalize and build equity!

6. 2026-06-15
   days on market $95,000 Active 185 DOM

   Show marketing remark (1060 chars)

   9694 Otsego St, Detroit, MI 48204 – $95,000 Charming 3-Bedroom Bungalow in a Prime Detroit Location! This well-maintained single-family home offers approximately 1,318 sq ft of living space on a nice 0.09-acre lot (approx. 30x124 ft). Built in 1920, it features classic bungalow styling with modern vinyl siding for easy upkeep. 3 Bedrooms 1 Full Bath Spacious living room and separate dining area – perfect for family gatherings Functional kitchen. Location Highlights: Situated in the Graham & Carrolls Grand River Subdivision (Livernois-I75 / Grand River area), this home is conveniently located with easy access to major roads, public transportation, shopping, and amenities in the vibrant Detroit community. Ideal for first-time buyers, investors, or those seeking a solid starter home with upside potential. Priced attractively at $95,000, this property represents excellent value in the current Detroit market. Great opportunity to own a piece of Detroit real estate with room to personalize and build equity!

7. 2026-06-13
   days on market $95,000 Active 183 DOM
8. 2026-06-13
   days on market $95,000 Active 182 DOM
9. 2026-06-09
   days on market $95,000 Active 179 DOM
10. 2026-06-08
    days on market $95,000 Active 178 DOM
11. 2026-06-07
    days on market $95,000 Active 177 DOM
12. 2026-06-04
    days on market $95,000 Active 174 DOM
13. 2026-06-03
    days on market $95,000 Active 173 DOM
14. 2026-06-01
    days on market $95,000 Active 171 DOM
15. 2026-05-31
    days on market $95,000 Active 170 DOM
16. 2025-12-11
    listed $95,000 Active
17. 2025-12-11
    listed $95,000 Active
18. 2023-07-31
    soldstatus $89,900
19. 2023-05-23
    soldstatus $35,000 Sold
20. 2023-05-23
    soldstatus $35,000 Closed
21. 2023-05-16
    status Pending
22. 2023-05-16
    status Pending
23. 2023-05-05
    status Active
24. 2023-05-05
    status Active
25. 2023-05-03
    status Pending
26. 2023-05-03
    status Pending
27. 2023-04-22
    price $40,000
28. 2023-04-22
    price $40,000
29. 2023-04-18
    price $41,900
30. 2023-04-17
    price $41,900
31. 2023-03-28
    price $42,900
32. 2023-03-28
    price $42,900
33. 2023-03-06
    listed $47,900 Active
34. 2023-03-06
    listed $47,900 Active
35. 2022-11-14
    historical
36. 2022-11-14
    historical
37. 2022-10-21
    price $45,000
38. 2022-10-20
    price $45,000
39. 2022-09-22
    listed $55,000 Active
40. 2022-09-22
    listed $55,000 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: $1,509 · $126/mo
• Projected year-2 tax: $1,509 · $126/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 ≥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: $14,137
• − Mortgage interest: −$5,321
• − Property taxes: −$1,509
• − Insurance: −$475
• − Repairs & maintenance: −$1,131
• − Management: −$1,131
• − Depreciation: −$2,764
• Taxable income: $1,806
• Est. tax owed @ 24.0%: −$433
• After-tax cash flow: $2,773/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): 20,696
• Household income: $34,468
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1418.0

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 (86%)
• Race & ethnicity: Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▲ 36.51%
• Current HPI: 234.0465
• Rent YoY: —
• 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

+72.7% since first listed

29 events — show timeline

• 2026-06-15 Listed $95,000 REALCOMP
• 2026-06-15 Listing Removed — MiRealSource-MiMLS
• 2026-06-15 Listing Removed — REALCOMP
• 2026-06-15 Listed $95,000 MiRealSource-MiMLS
• 2025-12-11 Listed $95,000 MiRealSource-MiMLS
• 2025-12-11 Listed $95,000 REALCOMP
• 2023-07-31 Sold (Public Records) $89,900 Public Records
• 2023-05-23 Sold (MLS) $35,000 MiRealSource-MiMLS
• 2023-05-23 Sold (MLS) $35,000 REALCOMP
• 2023-05-16 Pending — MiRealSource-MiMLS
• 2023-05-16 Pending — REALCOMP
• 2023-05-05 Relisted — MiRealSource-MiMLS
• 2023-05-05 Relisted — REALCOMP
• 2023-05-03 Pending — MiRealSource-MiMLS
• 2023-05-03 Pending — REALCOMP
• 2023-04-22 Price Changed $40,000 MiRealSource-MiMLS
• 2023-04-22 Price Changed $40,000 REALCOMP
• 2023-04-18 Price Changed $41,900 MiRealSource-MiMLS
• 2023-04-17 Price Changed $41,900 REALCOMP
• 2023-03-28 Price Changed $42,900 MiRealSource-MiMLS
• 2023-03-28 Price Changed $42,900 REALCOMP
• 2023-03-06 Listed $47,900 MiRealSource-MiMLS
• 2023-03-06 Listed $47,900 REALCOMP
• 2022-11-14 Listing Removed — MiRealSource-MiMLS
• 2022-11-14 Listing Removed — REALCOMP
• 2022-10-21 Price Changed $45,000 MiRealSource-MiMLS
• 2022-10-20 Price Changed $45,000 REALCOMP
• 2022-09-22 Listed $55,000 MiRealSource-MiMLS
• 2022-09-22 Listed $55,000 REALCOMP

Property tax history

+4.5%/yr

Latest (2025): $1,509 · -27.7% YoY. Source: county tax records.