8845 University Pl · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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
- Livability +3.7/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$79,999
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
Key facts
- Brick bungalow
- New carpet
- Newly painted
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $80k.
Deal economics
- At list price, monthly cash flow is $495 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $80k).
- Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
- Cap rate 13.7% vs local median 10.2% 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 flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 36% of the median local income ($45k/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 $553 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 + 0.7% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 109 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 27y ago; this cycle's ask has dropped $15k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $14k; list at $80k implies a 493% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.70% ✓
- Cap rate
- 13.71%
- Cash-on-cash
- 26.50%
- DSCR
- 2.18
- GRM
- 4.9
CMA / ARV
- ARV (median comp)
- $57,520
- List price
- $79,999
- Delta
- 39.08%
- 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 |
|---|---|---|---|---|---|---|---|
| 6156 Lodewyck St | 0.27mi | 3/1.0 | 900 (-1%) | 1mo | $51,000 | $57 | 85 |
| 6135 Marseilles St | 0.25mi | 3/1.0 | 988 (+9%) | 0mo | $55,000 | $56 | 74 |
| 5981 University Pl | 0.31mi | 3/1.0 | 964 (+6%) | 3mo | $64,000 | $66 | 73 |
| 20300 Mccormick St | 0.50mi | 3/1.0 | 940 (+3%) | 1mo | $60,000 | $64 | 71 |
| 6106 Oldtown St | 0.41mi | 3/1.5 | 961 (+6%) | 1mo | $132,000 | $137 | 69 |
| 10945 Peerless St | 0.49mi | 3/1.0 | 964 (+6%) | 2mo | $54,000 | $56 | 66 |
| 11017 Worden St | 0.54mi | 3/1.0 | 961 (+6%) | 0mo | $47,500 | $49 | 65 |
| 11035 Worden St | 0.54mi | 3/1.0 | 834 (-8%) | 3mo | $55,000 | $66 | 59 |
| 20244 Mccormick St | 0.54mi | 3/1.0 | 1,000 (+10%) | 1mo | $75,000 | $75 | 57 |
| 19134 Mallina St | 0.51mi | 3/1.0 | 1,032 (+14%) | 2mo | $179,000 | $173 | 52 |
| 5220 University Pl | 0.74mi | 2/1.0 (-1) | 1,001 (+10%) | 0mo | $40,000 | $40 | 43 |
| 11640 Somerset Ave | 0.71mi | 3/2.0 | 1,028 (+13%) | 0mo | $70,000 | $68 | 41 |
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 · 0.73% rent growth · sell at horizon
- IRR
- 17.7%
- Equity multiple
- 1.69×
- Total profit
- $15,536
- Equity at exit
- $11,928
- IRR
- 24.4%
- Equity multiple
- 2.89×
- Total profit
- $42,326
- Equity at exit
- $6,917
Cash invested: $22,400 (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
ZIP-level market 48224
- Rents YoY
- 0.7%
- Active inventory
- 484
- Price-to-rent
- 4.9×
Monthly cashflow live
- Estimated rent
- $1,361 high interval (Pro) →
- Mortgage (P&I)
- −$420
- Tax from tax record
- −$128 /mo · $1,532/yr
- Insurance
- −$33
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$286
- Net cashflow
- $495
Break-even live
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
- $20,000
- Closing costs
- $2,400
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 17710 Chester St Detroit, MI | 2.0 | 1.0 | 984 | $1,250 | $1.27 | 43d | 1 | 0.09mi |
| 17720 Chester St Detroit, MI | 2.0 | 1.0 | 986 | $1,250 | $1.27 | 43d | 1 | 0.09mi |
| 6325 Neff Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 2d | 1 | 0.15mi |
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 12d | 1 | 0.20mi |
| 6175 Marseilles St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 43d | 1 | 0.21mi |
| 6181 Neff Ave Detroit, MI | 3.0 | 1.0 | 1102 | $1,299 | $1.18 | 17d | 1 | 0.21mi |
| 10542 Lanark St Detroit, MI | 3.0 | 1.0 | 1023 | $1,250 | $1.22 | 43d | 1 | 0.25mi |
| 6304 Bluehill St Detroit, MI | 3.0 | 1.0 | 1088 | $1,500 | $1.38 | 43d | 1 | 0.28mi |
| 5955 Guilford St Detroit, MI | 3.0 | 1.0 | 802 | $1,400 | $1.75 | 17d | 1 | 0.39mi |
| 5915 Farmbrook St Detroit, MI | 3.0 | 1.5 | 1000 | $1,250 | $1.25 | 24d | 1 | 0.42mi |
| 5786 Neff Ave Detroit, MI | 3.0 | 1.5 | 1100 | $1,225 | $1.11 | 16d | 1 | 0.43mi |
| 19203 Edgefield St Harper Woods, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 24d | 1 | 0.48mi |
| 10985 Peerless St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 4d | 1 | 0.51mi |
| 10692 Meuse St Detroit, MI | 3.0 | 1.0 | 955 | $1,250 | $1.31 | 12d | 1 | 0.53mi |
| 20461 Kingsville St Harper Woods, MI | 4.0 | 1.0 | 1100 | $1,399 | $1.27 | 14d | 1 | 0.53mi |
| 10370 Britain St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 43d | 1 | 0.55mi |
| 21401 Kingsville St Harper Woods, MI | 2.0 | 1.0 | 944 | $1,200 | $1.27 | 24d | 1 | 0.56mi |
| 10400 Britain St Detroit, MI | 3.0 | 1.0 | 890 | $1,100 | $1.24 | 43d | 1 | 0.57mi |
| 10177 Boleyn St Detroit, MI | 3.0 | 1.0 | 767 | $1,250 | $1.63 | 43d | 1 | 0.64mi |
| 10037 Grayton St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 3d | 1 | 0.65mi |
| 19982 McCormick St Detroit, MI | 3.0 | 1.0 | 866 | $1,200 | $1.39 | 3d | 1 | 0.66mi |
| 5783 Yorkshire Rd Detroit, MI | 2.0 | 1.0 | 1040 | $1,200 | $1.15 | 43d | 1 | 0.75mi |
| 19639 Moross Rd Unit 1 Detroit, MI | 2.0 | 1.0 | 900 | $1,100 | $1.22 | 43d | 1 | 0.84mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 17d | 1 | 0.86mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 2d | 1 | 0.86mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 17d | 1 | 0.87mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 2d | 1 | 0.87mi |
| 11529 Roxbury St Detroit, MI | 2.0 | 1.0 | 720 | $1,200 | $1.67 | 12d | 1 | 0.88mi |
| 10404 Somerset Ave Detroit, MI | 3.0 | 1.0 | 1108 | $1,475 | $1.33 | 3d | 1 | 0.92mi |
| 19661 Kenosha St Harper Woods, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 24d | 1 | 0.93mi |
| 11235 Roxbury St Detroit, MI | 3.0 | 1.0 | 1062 | $1,325 | $1.25 | 17d | 1 | 0.93mi |
| 19442 Kingsville St Harper Woods, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 17d | 1 | 0.95mi |
| 11611 Morang Ave Detroit, MI | 1.0–2.0 | 1.0 | 709 | $1,040 | $1.47 | 43d | 1 | 0.97mi |
| 11776 Rossiter St Detroit, MI | 3.0 | 1.0 | 964 | $1,150 | $1.19 | 11d | 1 | 0.98mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 43d | 1 | 1.02mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 14d | 1 | 1.02mi |
| 4865 Cadieux Rd Unit 11 Detroit, MI | 2.0 | 1.0 | 630 | $1,200 | $1.90 | 43d | 1 | 1.03mi |
| 19365 Kingsville St Harper Woods, MI | 4.0 | 1.5 | 996 | $1,650 | $1.66 | 14d | 1 | 1.03mi |
| 4837 Cadieux Rd Unit 9 Detroit, MI | 2.0 | 1.0 | 650 | $1,200 | $1.85 | 43d | 1 | 1.05mi |
| 4811 Cadieux Rd Unit 11 Detroit, MI | 2.0 | 1.0 | 663 | $1,200 | $1.81 | 21d | 1 | 1.07mi |
Listing history 26 events
-
2026-05-05status Pending 882-char remark
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-05-05status Pending 882-char remark
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-05-05status Pending
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-02-28price $79,999 882-char remark
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-02-28price $79,999 882-char remark
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-02-28price $79,999
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-01-16$94,500 Active 882-char remark
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-01-16$94,500 Active 882-char remark
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2026-01-16$94,500 Active
Show marketing remark (882 chars)
Welcome to this charming classic brick bungalow: 1.5-story single-family home nestled on a secluded, one-block-long stretch. This property offers a level of quiet and privacy that is hard to find in the city. Providing a peaceful retreat with minimal through-traffic and easy access to Detroit and Grosse Pointe amenities and public transportation. The home features new carpet, new luxury vinyl plank flooring, is newly painted throughout and HAS A 2-CAR ATTACHED GARAGE. The entry level includes a spacious living room, an inviting kitchen with dining area, two bedrooms, and the full bath. The spacious primary bedroom is located on the upper level. The property includes a partially finished basement, perfect for extra storage or future finishing. This home has a fenced backyard for outdoor entertainment. Buyer's Agent to Verify All Measurements! PROPERTY IS BEING MONITORED!
-
2011-07-13soldstatus $13,500
-
2011-07-13soldstatus $13,500
-
2011-06-15soldstatus $13,500
-
2011-06-15soldstatus $13,500
-
2011-05-12historical
-
2011-01-11$13,500
-
2011-01-11$13,500
-
2010-01-25soldstatus $87,531
-
2010-01-25soldstatus $87,531
-
2004-03-30soldstatus $79,000
-
2003-12-18soldstatus $79,000
-
2003-10-08historical
-
2003-09-10$75,000
-
2000-02-29soldstatus $79,000
-
1999-11-23soldstatus $79,000
-
1999-11-01historical
-
1999-09-07$79,899
ⓘ 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
- $1,532 · $128/mo
- Projected year-2 tax
- $1,532 · $128/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 ≥96°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,331
- − Mortgage interest
- −$4,481
- − Property taxes
- −$1,532
- − Insurance
- −$400
- − Repairs & maintenance
- −$1,306
- − Management
- −$1,306
- − Depreciation
- −$2,327
- Taxable income
- $4,978
- Est. tax owed @ 24.0%
- −$1,195
- After-tax cash flow
- $4,741/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
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)
- 39,668
- Household income
- $44,856
- Rent vs Own
- Severe rent burden
- 2515.0
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 (88%)
- Race & ethnicity
- Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
- Common ancestry
- Iranian 1% Romanian 1% Lithuanian 1%
- Foreign-born
- 1%
- Languages at home
- 97% English-only · Spanish 2%
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
- ▼ -226.38%
- Current HPI
- 161.886
- Rent YoY
- ▲ 0.73%
- 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
+0.1% since first listed26 events — show timeline
- 2026-05-05 Pending — REALCOMP
- 2026-05-05 Pending — MiRealSource-MiMLS
- 2026-05-05 Pending — SW Michigan MLS
- 2026-02-28 Price Changed $79,999 MiRealSource-MiMLS
- 2026-02-28 Price Changed $79,999 REALCOMP
- 2026-02-28 Price Changed $79,999 SW Michigan MLS
- 2026-01-16 Listed $94,500 REALCOMP
- 2026-01-16 Listed $94,500 SW Michigan MLS
- 2026-01-16 Listed $94,500 MiRealSource-MiMLS
- 2011-07-13 Sold (Public Records) $13,500 Public Records
- 2011-07-13 Sold (Public Records) $13,500 Public Records
- 2011-06-15 Sold (MLS) $13,500 MiRealSource-MiMLS
- 2011-06-15 Sold (MLS) $13,500 REALCOMP
- 2011-05-12 Listing Removed — MiRealSource-MiMLS
- 2011-01-11 Listed $13,500 MiRealSource-MiMLS
- 2011-01-11 Listed $13,500 REALCOMP
- 2010-01-25 Sold (Public Records) $87,531 Public Records
- 2010-01-25 Sold (Public Records) $87,531 Public Records
- 2004-03-30 Sold (Public Records) $79,000 Public Records
- 2003-12-18 Sold (MLS) $79,000 MiRealSource-MiMLS
- 2003-10-08 Listing Removed — MiRealSource-MiMLS
- 2003-09-10 Listed $75,000 MiRealSource-MiMLS
- 2000-02-29 Sold (Public Records) $79,000 Public Records
- 1999-11-23 Sold (MLS) $79,000 MiRealSource-MiMLS
- 1999-11-01 Listing Removed — MiRealSource-MiMLS
- 1999-09-07 Listed $79,899 MiRealSource-MiMLS
Property tax history
-3.6%/yrLatest (2025): $1,532 · -18.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…