17142 Pembroke Ave · Detroit, MI 48235

$85,000

3 bd · 1.0 ba · 902 sqft · SingleFamily public records · 16 Days on market

Built 1950 3,920 sqft lot $94/sqft · 44% above area Est $66k · 30% 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
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• 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

Great investment opportunity in Detroit’s Madison Park neighborhood! This 3-bedroom ranch offers approximately 1,780 sq ft of total living space and a functional main-level layout with comfortable living and dining areas and a full bath. The spacious basement features a large brick fireplace and provides excellent potential for additional living space or future finishing. Outside, enjoy the convenience of a detached 1-car garage and off-street parking. Located near Southfield Road and just south of 8 Mile, with easy access to major roadways, shopping, and local amenities. Tenant occupied — no owner-occupant buyers. Property sold as-is. Ideal for investors seeking steady rental income. Schedule your showing today.

Key facts

• Off-street parking
• Detached garage
• 3,920 sq ft lot

Tags

• MADISON PARK NEIGHBORHOOD
• FUNCTIONAL MAIN-LEVEL LAYOUT
• LARGE BRICK FIREPLACE
• DETACHED GARAGE
• OFF-STREET PARKING
• EASY ACCESS TO MAJOR ROADWAYS

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 $495 ($6k/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: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.3% 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 rising (+3.2%/yr); 283 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 42% of the median local income ($39k/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 $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.2% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 23y ago; this cycle's ask is 6700% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $4k; list at $85k implies a 2329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,725 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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: 1.61% ✓
• Cap rate: 13.28%
• Cash-on-cash: 24.95%
• DSCR: 2.11
• GRM: 5.2

CMA / ARV

• ARV (median comp): $65,591
• List price: $85,000
• Delta: 29.59%
• 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
19975 Ferguson St	0.12mi	3/1.0	889 (-1%)	1mo	$50,650	$57	91
19900 Southfield Rd	0.31mi	3/1.0	898 (-0%)	4mo	$110,000	$122	81
19365 Fenmore St	0.42mi	3/1.0	912 (+1%)	1mo	$94,900	$104	78
20245 Archdale St	0.35mi	3/1.0	890 (-1%)	4mo	$53,000	$60	78
20004 Southfield Fwy	0.33mi	2/1.0 (-1)	929 (+3%)	1mo	$20,000	$22	74
19950 Oakfield St	0.15mi	3/1.0	1,001 (+11%)	5mo	$40,000	$40	71
20232 Prevost St	0.53mi	3/1.0	933 (+3%)	4mo	$110,000	$118	66
20084 Greenview Ave	0.67mi	3/1.0	912 (+1%)	5mo	$90,000	$99	63
18937 Lindsay St	0.60mi	3/1.0	951 (+5%)	2mo	$59,000	$62	62
19348 Montrose St	0.64mi	3/1.5	990 (+10%)	5mo	$145,900	$147	48
18950 Biltmore St	0.58mi	2/1.0 (-1)	781 (-13%)	1mo	$46,000	$59	44
19455 Avon Ave	0.75mi	3/1.0	1,023 (+13%)	2mo	$72,000	$70	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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: 18.7%
• Equity multiple: 1.76×
• Total profit: $18,103
• Equity at exit: $12,674

10-year hold

• IRR: 27.2%
• Equity multiple: 3.43×
• Total profit: $57,848
• Equity at exit: $7,349

Cash invested: $23,800 (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 48235

• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,370 high
• Mortgage (P&I): −$446
• Tax est. 1.5%: −$106 /mo · $1,275/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $495

Break-even live

Break-even rent $744

Max offer price $85,000

Occupancy floor 59%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19736 Gilchrist St Detroit, MI	2.0	1.0	696	$995	$1.43	12d	1	0.13mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	4d	1	0.22mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	24d	1	0.23mi
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	43d	1	0.28mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	43d	1	0.31mi
20259 Oakfield St Detroit, MI	3.0	1.0	1056	$1,250	$1.18	16d	1	0.31mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	14d	1	0.31mi
20314 Gilchrist St Detroit, MI	3.0	1.0	1042	$1,500	$1.44	4d	1	0.32mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	43d	1	0.40mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	16d	1	0.43mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	24d	1	0.47mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	24d	1	0.60mi
20527 Rosemont Ave Detroit, MI	2.0	2.0	975	$1,528	$1.57	43d	1	0.60mi
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	14d	5	0.64mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	4d	1	0.73mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	43d	1	0.76mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	43d	1	0.87mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	16d	1	0.89mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	43d	1	0.96mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	3d	1	0.99mi
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	16d	1	1.03mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	14d	1	1.03mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	23d	1	1.08mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	4d	1	1.08mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	19d	1	1.09mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	4d	1	1.09mi
16500 N Park Dr Southfield, MI	1.0–3.0	1.0–2.5	1500	$2,289	$1.53	1d	1	1.15mi
18699 Shaftsbury Ave Detroit, MI	2.0	1.0	800	$1,000	$1.25	43d	1	1.15mi
18659 Shaftsbury Ave Detroit, MI	3.0	1.0	763	$1,373	$1.80	12d	1	1.17mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	16d	1	1.24mi
19457 Evergreen Rd Detroit, MI	2.0	1.0	1100	$1,200	$1.09	43d	1	1.37mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	43d	1	1.38mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	43d	1	1.39mi

Listing history 48 events

1. 2026-06-18
   days on market $85,000 Active 16 DOM
2. 2026-06-17
   days on market $85,000 Active 15 DOM
3. 2026-06-15
   days on market $85,000 Active 13 DOM
4. 2026-06-13
   days on market $85,000 Active 11 DOM
5. 2026-06-13
   days on market $85,000 Active 10 DOM
6. 2026-06-09
   days on market $85,000 Active 7 DOM
7. 2026-06-08
   days on market $85,000 Active 6 DOM
8. 2026-06-07
   days on market $85,000 Active 5 DOM
9. 2026-06-04
   days on market $85,000 Active 2 DOM
10. 2026-06-02
    days on marketlisting id $85,000 Active 1 DOM
11. 2026-06-01
    days on market $85,000 Active 145 DOM
12. 2026-05-31
    days on market $85,000 Active 144 DOM
13. 2026-04-15
    historical $1,250
14. 2026-04-14
    listed $1,250
15. 2026-01-07
    listed $85,000 Active 734-char remark

    Show marketing remark (724 chars)

    Great investment opportunity in Detroit's Madison Park neighborhood! This 3-bedroom ranch offers approximately 1,780 sq ft of total living space and a functional main-level layout with comfortable living and dining areas and a full bath. The spacious basement features a large brick fireplace and provides excellent potential for additional living space or future finishing. Outside, enjoy the convenience of a detached 1-car garage and off-street parking. Located near Southfield Road and just south of 8 Mile, with easy access to major roadways, shopping, and local amenities. Tenant occupied - no owner-occupant buyers. Property sold as-is. Ideal for investors seeking steady rental income. Schedule your showing today.

16. 2026-01-07
    listed $85,000 Active 724-char remark

    Show marketing remark (724 chars)

    Great investment opportunity in Detroit's Madison Park neighborhood! This 3-bedroom ranch offers approximately 1,780 sq ft of total living space and a functional main-level layout with comfortable living and dining areas and a full bath. The spacious basement features a large brick fireplace and provides excellent potential for additional living space or future finishing. Outside, enjoy the convenience of a detached 1-car garage and off-street parking. Located near Southfield Road and just south of 8 Mile, with easy access to major roadways, shopping, and local amenities. Tenant occupied - no owner-occupant buyers. Property sold as-is. Ideal for investors seeking steady rental income. Schedule your showing today.

17. 2022-03-24
    historical
18. 2022-03-24
    historical
19. 2022-02-05
    price $65,000
20. 2022-02-04
    price $65,000
21. 2022-01-28
    status Active
22. 2022-01-24
    historical
23. 2022-01-06
    listed $75,000 Active
24. 2022-01-06
    listed $75,000 Active
25. 2021-12-23
    historical
26. 2021-12-23
    historical
27. 2021-09-22
    listed $75,000 Active
28. 2021-09-22
    listed $75,000 Active
29. 2010-01-07
    soldstatus $3,500
30. 2010-01-07
    soldstatus $3,500
31. 2009-12-17
    historical
32. 2009-12-11
    listed $3,000
33. 2009-12-11
    listed $3,000
34. 2009-12-10
    historical
35. 2009-11-13
    listed $3,000
36. 2009-11-12
    historical
37. 2009-10-02
    listed $3,000
38. 2009-10-01
    historical
39. 2009-01-02
    listed $7,800
40. 2005-02-16
    soldstatus $80,000
41. 2004-01-05
    soldstatus $15,000
42. 2003-12-18
    historical
43. 2003-12-16
    listed $26,500
44. 2003-10-18
    historical
45. 2003-07-18
    listed $31,500
46. 2002-10-04
    soldstatus $36,424
47. 1993-12-30
    soldstatus $11,800
48. 1991-08-28
    soldstatus $21,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 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: $16,438
• − Mortgage interest: −$4,761
• − Property taxes: −$1,275
• − Insurance: −$425
• − Repairs & maintenance: −$1,315
• − Management: −$1,315
• − Depreciation: −$2,473
• Taxable income: $4,874
• Est. tax owed @ 24.0%: −$1,170
• After-tax cash flow: $4,767/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): 45,600
• Household income: $39,265
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 3064.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -153.02%
• Current HPI: 263.6326
• Rent YoY: ▲ 3.25%
• 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

-94.3% since first listed

36 events — show timeline

• 2026-04-15 Rental Removed $1,250 REDFIN
• 2026-04-14 Listed for Rent $1,250 REDFIN
• 2026-01-07 Listed $85,000 MiRealSource-MiMLS
• 2026-01-07 Listed $85,000 REALCOMP
• 2022-03-24 Listing Removed — REALCOMP
• 2022-03-24 Listing Removed — MiRealSource-MiMLS
• 2022-02-05 Price Changed $65,000 MiRealSource-MiMLS
• 2022-02-04 Price Changed $65,000 REALCOMP
• 2022-01-28 Relisted — REALCOMP
• 2022-01-24 Listing Removed — REALCOMP
• 2022-01-06 Listed $75,000 MiRealSource-MiMLS
• 2022-01-06 Listed $75,000 REALCOMP
• 2021-12-23 Listing Removed — MiRealSource-MiMLS
• 2021-12-23 Listing Removed — REALCOMP
• 2021-09-22 Listed $75,000 MiRealSource-MiMLS
• 2021-09-22 Listed $75,000 REALCOMP
• 2010-01-07 Sold (MLS) $3,500 REALCOMP
• 2010-01-07 Sold (MLS) $3,500 MiRealSource-MiMLS
• 2009-12-17 Listing Removed — MiRealSource-MiMLS
• 2009-12-11 Listed $3,000 REALCOMP
• 2009-12-11 Listed $3,000 MiRealSource-MiMLS
• 2009-12-10 Listing Removed — REALCOMP
• 2009-11-13 Listed $3,000 REALCOMP
• 2009-11-12 Listing Removed — REALCOMP
• 2009-10-02 Listed $3,000 REALCOMP
• 2009-10-01 Listing Removed — REALCOMP
• 2009-01-02 Listed $7,800 REALCOMP
• 2005-02-16 Sold (Public Records) $80,000 Public Records
• 2004-01-05 Sold (MLS) $15,000 MiRealSource-MiMLS
• 2003-12-18 Listing Removed — MiRealSource-MiMLS
• 2003-12-16 Listed $26,500 MiRealSource-MiMLS
• 2003-10-18 Listing Removed — REALCOMP
• 2003-07-18 Listed $31,500 REALCOMP
• 2002-10-04 Sold (Public Records) $36,424 Public Records
• 1993-12-30 Sold (Public Records) $11,800 Public Records
• 1991-08-28 Sold (Public Records) $21,900 Public Records

Property tax history

-20.7%/yr

Latest (2025): $23 · -11.7% YoY. Source: county tax records.