4528 Farmbrook St · Detroit, MI 48224

$29,000

2 bd · 1.0 ba · 1,042 sqft · SingleFamily public records · 85 Days on market

Built 1956 5,227 sqft lot $28/sqft · 62% below area ↓ 23% since listing

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab.

Key facts

• Full basement
• 5,227 sq ft lot
• Garage

Tags

• FULL BASEMENT
• BRICK VENEER EXTERIOR

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $29k.

Deal economics

• At list price, monthly cash flow is $855 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $29k).
• Recommended offer: $27k (6.0% below list) — sets the bar for market timing.
• Cap rate 41.7% 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 20d 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 $200 of loan paydown is wiped out by about $870 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 $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($27k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y ago; this cycle's ask has dropped $11k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $29k implies a 190% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $27,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 4.61% ✓
• Cap rate: 41.67%
• Cash-on-cash: 126.35%
• DSCR: 6.62
• GRM: 1.8

CMA / ARV

• ARV (median comp): $76,070
• List price: $29,000
• Delta: -61.88%
• 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
5220 University Pl	0.42mi	2/1.0	1,001 (-4%)	0mo	$40,000	$40	74
415 Lothrop Rd	0.32mi	2/1.5	1,098 (+5%)	6mo	$245,000	$223	69
4163 University Pl	0.25mi	3/1.0 (+1)	975 (-6%)	7mo	$75,000	$77	67
866 Lincoln Rd	0.42mi	2/2.0	1,104 (+6%)	1mo	$249,000	$226	66
4104 Woodhall St	0.46mi	3/1.0 (+1)	1,090 (+5%)	3mo	$29,900	$27	64
5252 Lodewyck St	0.42mi	3/1.5 (+1)	1,006 (-4%)	5mo	$105,000	$104	63
5271 Marseilles St	0.46mi	3/1.0 (+1)	1,100 (+6%)	5mo	$75,000	$68	60
4695 Hereford St	0.31mi	2/1.0	1,175 (+13%)	7mo	$84,800	$72	59
4335 Cadieux Rd	0.63mi	3/1.0 (+1)	1,062 (+2%)	6mo	$80,000	$75	58
5210 Farmbrook St	0.38mi	2/1.0	1,188 (+14%)	3mo	$85,000	$72	56
3950 Cadieux Rd	0.67mi	2/1.0	900 (-14%)	0mo	$30,000	$33	46
4356 Harvard Rd	0.65mi	3/2.0 (+1)	921 (-12%)	1mo	$150,000	$163	40

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

5-year hold

• IRR: —
• Equity multiple: 6.76×
• Total profit: $46,792
• Equity at exit: $4,324

10-year hold

• IRR: —
• Equity multiple: 13.22×
• Total profit: $99,248
• Equity at exit: $2,507

Cash invested: $8,120 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $1,336 high
• Mortgage (P&I): −$152
• Tax est. 1.5%: −$36 /mo · $435/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $855

Break-even live

Break-even rent $254

Max offer price $29,000

Occupancy floor 31%

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: $7,250
• Closing costs: $870
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17137 Ontario St Unit 1 Detroit, MI	2.0	1.0	982	$1,123	$1.14	24d	1	0.58mi
890 Neff Rd Grosse Pointe, MI	2.0	1.0	1100	$2,000	$1.82	24d	1	0.64mi
17161 Denver St Detroit, MI	1.0	1.0	700	$800	$1.14	13d	1	0.74mi
17161 Denver St Apt 10 Detroit, MI	1.0	1.0	700	$800	$1.14	11d	1	0.74mi
19000 Chandler Park Dr Grosse Pointe, MI	2.0	1.0	1374	$2,300	$1.67	2d	1	0.76mi
19000 Chandler Park Dr Grosse Pointe, MI	2.0	1.0	1374	$2,300	$1.67	5d	1	0.76mi
5915 Farmbrook St Detroit, MI	3.0	1.5	1000	$1,250	$1.25	24d	1	0.76mi
5786 Neff Ave Detroit, MI	3.0	1.5	1100	$1,225	$1.11	17d	1	0.77mi
22148 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,250	$1.53	17d	1	0.78mi
22148 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,250	$1.53	3d	1	0.78mi
22144 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,350	$1.65	3d	1	0.78mi
22144 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,350	$1.65	18d	1	0.78mi
5955 Guilford St Detroit, MI	3.0	1.0	802	$1,400	$1.75	17d	1	0.92mi
6175 Marseilles St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	0.95mi
16530 E Warren Ave Unit 209 Detroit, MI	1.0	1.0	850	$1,292	$1.52	44d	1	0.96mi
6154 Woodhall St Detroit, MI	2.0	1.0	1136	$1,000	$0.88	44d	1	1.00mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	13d	1	1.00mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	18d	1	1.01mi
19168 Berden St Grosse Pointe, MI	3.0	1.0	1200	$1,800	$1.50	2d	1	1.06mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	3d	1	1.07mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	44d	1	1.09mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	44d	1	1.09mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	44d	1	1.11mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	44d	1	1.12mi
6225 Oldtown St Detroit, MI	3.0	1.0	1330	$1,199	$0.90	17d	1	1.14mi
21401 Kingsville St Harper Woods, MI	2.0	1.0	944	$1,200	$1.27	24d	1	1.17mi
21301 Kingsville St Apt 108 Harper Woods, MI	1.0	1.0	700	$900	$1.29	3d	1	1.23mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	44d	1	1.23mi
20926 Moross Rd Grosse Pointe, MI	3.0	1.0	1200	$1,350	$1.12	44d	1	1.26mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	5d	1	1.27mi
4627 Bedford St Unit 1 Detroit, MI	2.0	1.0	1050	$945	$0.90	20d	1	1.27mi
5031 Bedford St Detroit, MI	2.0	1.0	876	$1,870	$2.13	2d	1	1.30mi
542 Neff Ln Grosse Pointe, MI	2.0	1.0	900	$1,595	$1.77	44d	1	1.31mi
19203 Edgefield St Harper Woods, MI	2.0	1.0	1100	$1,100	$1.00	24d	1	1.32mi
5284 Devonshire Rd Unit 2 Detroit, MI	1.0	1.0	750	$1,050	$1.40	15d	1	1.37mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	1.39mi
509 Saint Clair Ave Grosse Pointe, MI	2.0	1.0	1000	$1,300	$1.30	44d	1	1.40mi
10542 Lanark St Detroit, MI	3.0	1.0	1023	$1,250	$1.22	44d	1	1.40mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	44d	1	1.42mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	1.44mi

Listing history 22 events

1. 2026-05-12
   price $29,000 998-char remark

   Show marketing remark (998 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab.

2. 2026-05-11
   price $29,000 1019-char remark

   Show marketing remark (1019 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

3. 2026-05-11
   price $29,000

   Show marketing remark (1019 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

4. 2026-04-22
   price $34,500 998-char remark

   Show marketing remark (998 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab.

5. 2026-04-21
   price $34,500 1019-char remark

   Show marketing remark (1019 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

6. 2026-04-21
   price $34,500

   Show marketing remark (1019 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

7. 2026-04-13
   status Active 1019-char remark

   Show marketing remark (998 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab.

8. 2026-04-13
   status Active 998-char remark

   Show marketing remark (998 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab.

9. 2026-04-13
   status Active

   Show marketing remark (998 chars)

   This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab.

10. 2026-04-06
    status Pending 998-char remark

    Show marketing remark (1019 chars)

    This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

11. 2026-04-06
    status Pending 1019-char remark

    Show marketing remark (1019 chars)

    This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

12. 2026-04-06
    status Pending

    Show marketing remark (1019 chars)

    This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

13. 2026-02-19
    listed $40,000 Active 998-char remark

    Show marketing remark (1019 chars)

    This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

14. 2026-02-19
    listed $40,000 Active 1019-char remark

    Show marketing remark (1019 chars)

    This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

15. 2026-02-19
    listed $40,000 Active

    Show marketing remark (1019 chars)

    This one-story brick home with a full basement presents a clear renovation opportunity for investors seeking a value-add project. The home offers two bedrooms and one bathroom, featuring a functional and efficient floor plan that supports multiple renovation strategies. Fire damage has occurred, and the property is being sold as-is, with the demo phase already completed, allowing the next owner to move directly into the rebuild phase without delay. The layout provides strong potential for a refreshed interior, and the full basement adds flexibility for storage, mechanicals, or future improvements where permitted. Mechanical components, including HVAC and a water heater, are available, offering a head start for an experienced renovator planning a full rehab. The brick veneer exterior adds long-term durability and classic curb appeal once restored. This property is well-suited for investors familiar with renovation projects who are looking to capitalize on a clean slate ready to rehab. Property sold as-is.

16. 2007-09-28
    soldstatus $10,000
17. 2007-09-28
    soldstatus $10,000
18. 2007-08-30
    historical
19. 2007-03-12
    listed $13,900
20. 2006-10-07
    historical
21. 2006-10-06
    listed $13,900
22. 2006-05-01
    listed $37,900

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% 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

Taxation est. · year 1

• Rental income: $16,032
• − Mortgage interest: −$1,624
• − Property taxes: −$435
• − Insurance: −$145
• − Repairs & maintenance: −$1,283
• − Management: −$1,283
• − Depreciation: −$844
• Taxable income: $10,418
• Est. tax owed @ 24.0%: −$2,500
• After-tax cash flow: $7,760/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% 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

-23.5% since first listed

22 events — show timeline

• 2026-05-12 Price Changed $29,000 MiRealSource-MiMLS
• 2026-05-11 Price Changed $29,000 REALCOMP
• 2026-05-11 Price Changed $29,000 SW Michigan MLS
• 2026-04-22 Price Changed $34,500 MiRealSource-MiMLS
• 2026-04-21 Price Changed $34,500 REALCOMP
• 2026-04-21 Price Changed $34,500 SW Michigan MLS
• 2026-04-13 Relisted — REALCOMP
• 2026-04-13 Relisted — MiRealSource-MiMLS
• 2026-04-13 Relisted — SW Michigan MLS
• 2026-04-06 Pending — MiRealSource-MiMLS
• 2026-04-06 Pending — REALCOMP
• 2026-04-06 Pending — SW Michigan MLS
• 2026-02-19 Listed $40,000 SW Michigan MLS
• 2026-02-19 Listed $40,000 REALCOMP
• 2026-02-19 Listed $40,000 MiRealSource-MiMLS
• 2007-09-28 Sold (MLS) $10,000 MiRealSource-MiMLS
• 2007-09-28 Sold (MLS) $10,000 REALCOMP
• 2007-08-30 Listing Removed — MiRealSource-MiMLS
• 2007-03-12 Listed $13,900 MiRealSource-MiMLS
• 2006-10-07 Listing Removed — REALCOMP
• 2006-10-06 Listed $13,900 REALCOMP
• 2006-05-01 Listed $37,900 REALCOMP

Property tax history

-2.5%/yr

Latest (2025): $1,580 · -54.1% YoY. Source: county tax records.