11338 Lenore St · Detroit, MI 48239

$193,340

3 bd · 2.0 ba · 943 sqft · SingleFamily public records · 19 Days on market

Built 1951 6,098 sqft lot Est $135k · 43% over

---

Why this score? — see what drove the F 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 +7.9/30.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• Schools +1.8/10.0
• 1% rule +1.5/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Ranch Retreat Perfectly Updated for Modern Living! Welcome to your dream home! This beautifully remodeled ranch-style house is a perfect blend of comfort, style, and functionality, making it an ideal sanctuary for families, first-time buyers, or anyone seeking a tranquil lifestyle. Nestled in a welcoming neighborhood, this 3-bedroom, 2-bathroom gem boasts a plethora of recent upgrades and finishes that are sure to captivate you. * * Key Features: * * Spacious Living Areas: Enter through the front door to discover a bright and airy living room adorned with gleaming hardwood flooring. Freshly painted and fitted with new lighting fixtures, this space is perfect for entertaining guests or enjoying cozy evenings with family. Stylish Kitchen and Dining:The kitchen features newly painted cabinetry that adds a contemporary touch. It seamlessly flows into the charming dining area, providing an ideal setting for family meals and gatherings. Luxurious Bedrooms: Retreat to the master suite and two additional bedrooms, all outfitted with brand new carpet and paint. These inviting spaces offer comfort and tranquility, ensuring restful nights for everyone. Fully Remodeled Bathrooms:Enjoy the convenience of two updated bathrooms. The basement bathroom has been completely remodeled, highlighting modern fixtures and a sleek design, while the full bath on the main level offers practicality for everyday use. Versatile Finished Basement: Expand your living space with a fully finished basement, featuring new flooring and a cozy atmosphere that can serve as a family room, play area, or home office. Discover endless possibilities in this versatile space! Enclosed Porch & Outdoor Living: Relax in the enclosed porch, complete with new carpeting and window blinds, where you can unwind with a book or enjoy morning coffee. Step outside to the patio behind the detached 2-car garage, perfect for summer barbecues or a peaceful evening under the stars. This lovely ranch is not just a house; it's a place to create lifelong memories. BATVAI

Key facts

• Hardwood flooring
• Finished basement
• Enclosed porch

Tags

• REMODELED RANCH STYLE HOUSE
• HARDWOOD FLOORING
• NEW LIGHTING FIXTURES
• NEWLY PAINTED CABINETRY
• FINISHED BASEMENT
• ENCLOSED PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $193k.

Deal economics

• At list price, monthly cash flow is $-205 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $157k (18.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (34.7% below list).
• Recommended offer: $126k (34.7% below list) — sets the bar for 1% rule.
• Cap rate 5.0% vs local median 10.2% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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.
• South Redford School District (suburban): math 11% / reading 29% proficiency, ranked #455 of 540 in MI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.2%/yr); 188 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 92% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($190k) is reasonable based on typical stale-listing flexibility.
• 19 sale attempts since 11y 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.
• Current owner paid $107k; list at $193k implies a 81% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,220 (34.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.65% ✗
• Cap rate: 5.02%
• Cash-on-cash: -4.54%
• DSCR: 0.80
• GRM: 12.8

CMA / ARV

• ARV (on-the-fly): $134,849
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24428 W Chicago	0.36mi	2/1.0 (-1)	912 (-3%)	4mo	$95,000	$104	66
9939 Appleton	0.38mi	3/1.0	926 (-2%)	15mo	$132,000	$143	62
24608 W Chicago	0.39mi	2/2.0 (-1)	1,000 (+6%)	13mo	$139,750	$140	56
9922 Garfield	0.47mi	3/1.0	1,020 (+8%)	8mo	$175,000	$172	54
11302 Grayfield	0.56mi	3/1.5	1,033 (+10%)	5mo	$90,000	$87	52
9175 Salem	0.61mi	3/1.0	997 (+6%)	16mo	$175,000	$176	45
9022 Winston	0.71mi	3/1.0	1,020 (+8%)	8mo	$215,000	$211	42
9696 Wormer Ave	0.20mi	2/1.0 (-1)	1,083 (+15%)	18mo	$155,000	$143	42
11759 W Parkway St	0.72mi	3/1.0	1,037 (+10%)	10mo	$175,000	$169	37
9317 Dale	0.53mi	3/1.0	1,049 (+11%)	18mo	$163,500	$156	37
9929 W Parkway St	0.67mi	3/1.0	1,022 (+8%)	21mo	$80,000	$78	33

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: -23.8%
• Equity multiple: 0.19×
• Total profit: $-44,119
• Equity at exit: $28,828

10-year hold

• IRR: -18.3%
• Equity multiple: -0.00×
• Total profit: $-54,159
• Equity at exit: $16,717

Cash invested: $54,135 (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 48239

• Rents YoY: 3.2%
• Active inventory: 188
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $1,262 high
• Mortgage (P&I): −$1,014
• Tax from tax record: −$107 /mo · $1,290/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $-205

Break-even live

Break-even rent $1,521

Max offer price $157,160

Occupancy floor —

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: $48,335
• Closing costs: $5,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23851 Fullerton Ave Detroit, MI	1.0–2.0	1.0	700	$999	$1.43	43d	1	0.72mi
12107 Centralia Redford, MI	3.0	1.0	912	$1,800	$1.97	43d	1	0.98mi
8455 Robindale Ave Dearborn Heights, MI	3.0	1.0	1100	$1,750	$1.59	4d	1	1.11mi
23850 Schoolcraft Rd Detroit, MI	2.0	1.0	750	$975	$1.30	43d	1	1.19mi
23842 Schoolcraft Rd Detroit, MI	2.0	1.0	750	$975	$1.30	43d	1	1.19mi
23846 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.19mi
23832 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.20mi
14005 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.21mi
23822 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.21mi
23826 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.21mi
23814 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.21mi
23838 Schoolcraft Rd Unit 209 Detroit, MI	2.0	1.0	750	$985	$1.31	43d	1	1.21mi
23838 Schoolcraft Rd Unit 109 Detroit, MI	2.0	1.0	750	$845	$1.13	43d	1	1.21mi
23838 Schoolcraft Rd Unit 212 Detroit, MI	2.0	1.0	750	$900	$1.20	43d	1	1.21mi
23836 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.22mi
14000 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.22mi
23648 Schoolcraft Rd Detroit, MI	2.0	1.0	750	$1,050	$1.40	43d	1	1.22mi
23644 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.22mi
23652 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	24d	1	1.22mi
8187 Lenore St Dearborn Heights, MI	2.0	1.0	768	$1,550	$2.02	43d	1	1.22mi
14025 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.23mi
14020 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.23mi
23656 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.23mi
14010 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.23mi
23622 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
23618 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
23626 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
14030 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
23636 Schoolcraft Rd Unit 109 Detroit, MI	2.0	1.0	750	$975	$1.30	43d	1	1.24mi
23636 Schoolcraft Rd Apt 212 Detroit, MI	2.0	1.0	750	$985	$1.31	43d	1	1.24mi
23630 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
23636 Schoolcraft Rd Unit -209 Detroit, MI	2.0	1.0	900	$865	$0.96	43d	1	1.24mi
23640 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
23634 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
23614 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.24mi
14041 Riverview St Detroit, MI	2.0	1.0	900	$1,000	$1.11	24d	1	1.24mi
23610 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.25mi
14043 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	43d	1	1.25mi
14078 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	1.25mi
14065 Dale St Detroit, MI	2.0	1.0	900	$985	$1.09	43d	1	1.25mi

Listing history 50 events

1. 2025-05-06
   status Pending 2059-char remark

   Show marketing remark (2059 chars)

   Charming Ranch Retreat Perfectly Updated for Modern Living! Welcome to your dream home! This beautifully remodeled ranch-style house is a perfect blend of comfort, style, and functionality, making it an ideal sanctuary for families, first-time buyers, or anyone seeking a tranquil lifestyle. Nestled in a welcoming neighborhood, this 3-bedroom, 2-bathroom gem boasts a plethora of recent upgrades and finishes that are sure to captivate you. * * Key Features: * * Spacious Living Areas: Enter through the front door to discover a bright and airy living room adorned with gleaming hardwood flooring. Freshly painted and fitted with new lighting fixtures, this space is perfect for entertaining guests or enjoying cozy evenings with family. Stylish Kitchen and Dining:The kitchen features newly painted cabinetry that adds a contemporary touch. It seamlessly flows into the charming dining area, providing an ideal setting for family meals and gatherings. Luxurious Bedrooms: Retreat to the master suite and two additional bedrooms, all outfitted with brand new carpet and paint. These inviting spaces offer comfort and tranquility, ensuring restful nights for everyone. Fully Remodeled Bathrooms:Enjoy the convenience of two updated bathrooms. The basement bathroom has been completely remodeled, highlighting modern fixtures and a sleek design, while the full bath on the main level offers practicality for everyday use. Versatile Finished Basement: Expand your living space with a fully finished basement, featuring new flooring and a cozy atmosphere that can serve as a family room, play area, or home office. Discover endless possibilities in this versatile space! Enclosed Porch & Outdoor Living: Relax in the enclosed porch, complete with new carpeting and window blinds, where you can unwind with a book or enjoy morning coffee. Step outside to the patio behind the detached 2-car garage, perfect for summer barbecues or a peaceful evening under the stars. This lovely ranch is not just a house; it's a place to create lifelong memories. BATVAI

2. 2025-05-06
   status Pending

   Show marketing remark (2059 chars)

   Charming Ranch Retreat Perfectly Updated for Modern Living! Welcome to your dream home! This beautifully remodeled ranch-style house is a perfect blend of comfort, style, and functionality, making it an ideal sanctuary for families, first-time buyers, or anyone seeking a tranquil lifestyle. Nestled in a welcoming neighborhood, this 3-bedroom, 2-bathroom gem boasts a plethora of recent upgrades and finishes that are sure to captivate you. * * Key Features: * * Spacious Living Areas: Enter through the front door to discover a bright and airy living room adorned with gleaming hardwood flooring. Freshly painted and fitted with new lighting fixtures, this space is perfect for entertaining guests or enjoying cozy evenings with family. Stylish Kitchen and Dining:The kitchen features newly painted cabinetry that adds a contemporary touch. It seamlessly flows into the charming dining area, providing an ideal setting for family meals and gatherings. Luxurious Bedrooms: Retreat to the master suite and two additional bedrooms, all outfitted with brand new carpet and paint. These inviting spaces offer comfort and tranquility, ensuring restful nights for everyone. Fully Remodeled Bathrooms:Enjoy the convenience of two updated bathrooms. The basement bathroom has been completely remodeled, highlighting modern fixtures and a sleek design, while the full bath on the main level offers practicality for everyday use. Versatile Finished Basement: Expand your living space with a fully finished basement, featuring new flooring and a cozy atmosphere that can serve as a family room, play area, or home office. Discover endless possibilities in this versatile space! Enclosed Porch & Outdoor Living: Relax in the enclosed porch, complete with new carpeting and window blinds, where you can unwind with a book or enjoy morning coffee. Step outside to the patio behind the detached 2-car garage, perfect for summer barbecues or a peaceful evening under the stars. This lovely ranch is not just a house; it's a place to create lifelong memories. BATVAI

3. 2025-04-16
   listed $193,340 Active

   Show marketing remark (2059 chars)

   Charming Ranch Retreat Perfectly Updated for Modern Living! Welcome to your dream home! This beautifully remodeled ranch-style house is a perfect blend of comfort, style, and functionality, making it an ideal sanctuary for families, first-time buyers, or anyone seeking a tranquil lifestyle. Nestled in a welcoming neighborhood, this 3-bedroom, 2-bathroom gem boasts a plethora of recent upgrades and finishes that are sure to captivate you. * * Key Features: * * Spacious Living Areas: Enter through the front door to discover a bright and airy living room adorned with gleaming hardwood flooring. Freshly painted and fitted with new lighting fixtures, this space is perfect for entertaining guests or enjoying cozy evenings with family. Stylish Kitchen and Dining:The kitchen features newly painted cabinetry that adds a contemporary touch. It seamlessly flows into the charming dining area, providing an ideal setting for family meals and gatherings. Luxurious Bedrooms: Retreat to the master suite and two additional bedrooms, all outfitted with brand new carpet and paint. These inviting spaces offer comfort and tranquility, ensuring restful nights for everyone. Fully Remodeled Bathrooms:Enjoy the convenience of two updated bathrooms. The basement bathroom has been completely remodeled, highlighting modern fixtures and a sleek design, while the full bath on the main level offers practicality for everyday use. Versatile Finished Basement: Expand your living space with a fully finished basement, featuring new flooring and a cozy atmosphere that can serve as a family room, play area, or home office. Discover endless possibilities in this versatile space! Enclosed Porch & Outdoor Living: Relax in the enclosed porch, complete with new carpeting and window blinds, where you can unwind with a book or enjoy morning coffee. Step outside to the patio behind the detached 2-car garage, perfect for summer barbecues or a peaceful evening under the stars. This lovely ranch is not just a house; it's a place to create lifelong memories. BATVAI

4. 2025-04-16
   listed $193,340 Active 2059-char remark

   Show marketing remark (2059 chars)

   Charming Ranch Retreat Perfectly Updated for Modern Living! Welcome to your dream home! This beautifully remodeled ranch-style house is a perfect blend of comfort, style, and functionality, making it an ideal sanctuary for families, first-time buyers, or anyone seeking a tranquil lifestyle. Nestled in a welcoming neighborhood, this 3-bedroom, 2-bathroom gem boasts a plethora of recent upgrades and finishes that are sure to captivate you. * * Key Features: * * Spacious Living Areas: Enter through the front door to discover a bright and airy living room adorned with gleaming hardwood flooring. Freshly painted and fitted with new lighting fixtures, this space is perfect for entertaining guests or enjoying cozy evenings with family. Stylish Kitchen and Dining:The kitchen features newly painted cabinetry that adds a contemporary touch. It seamlessly flows into the charming dining area, providing an ideal setting for family meals and gatherings. Luxurious Bedrooms: Retreat to the master suite and two additional bedrooms, all outfitted with brand new carpet and paint. These inviting spaces offer comfort and tranquility, ensuring restful nights for everyone. Fully Remodeled Bathrooms:Enjoy the convenience of two updated bathrooms. The basement bathroom has been completely remodeled, highlighting modern fixtures and a sleek design, while the full bath on the main level offers practicality for everyday use. Versatile Finished Basement: Expand your living space with a fully finished basement, featuring new flooring and a cozy atmosphere that can serve as a family room, play area, or home office. Discover endless possibilities in this versatile space! Enclosed Porch & Outdoor Living: Relax in the enclosed porch, complete with new carpeting and window blinds, where you can unwind with a book or enjoy morning coffee. Step outside to the patio behind the detached 2-car garage, perfect for summer barbecues or a peaceful evening under the stars. This lovely ranch is not just a house; it's a place to create lifelong memories. BATVAI

5. 2024-07-17
   historical
6. 2024-07-17
   historical
7. 2024-07-09
   price $215,000
8. 2024-07-09
   price $215,000
9. 2024-06-26
   listed $245,000 Active
10. 2024-06-26
    listed $245,000 Active
11. 2022-03-28
    historical
12. 2022-03-09
    historical
13. 2022-03-01
    status Pending
14. 2022-03-01
    status Pending
15. 2022-02-28
    price $179,900
16. 2022-02-28
    historical
17. 2022-02-28
    historical
18. 2022-02-28
    historical
19. 2022-02-28
    price $179,900
20. 2022-02-28
    historical
21. 2022-02-13
    price $169,900
22. 2022-02-13
    price $169,900
23. 2022-01-29
    listed $172,500 Active
24. 2022-01-29
    listed $172,500 Active
25. 2022-01-25
    historical
26. 2022-01-25
    historical
27. 2022-01-25
    listed $169,900
28. 2022-01-25
    listed $169,900
29. 2021-12-26
    historical
30. 2021-09-27
    historical
31. 2021-09-22
    price $160,000
32. 2021-09-22
    price $160,000
33. 2021-08-31
    price $165,000
34. 2021-08-31
    price $165,000
35. 2021-08-18
    price $175,000
36. 2021-08-18
    price $175,000
37. 2021-08-18
    status Active
38. 2021-07-26
    historical
39. 2021-07-16
    price $150,000
40. 2021-07-16
    price $150,000
41. 2021-07-14
    listed $180,000 Active
42. 2021-07-14
    listed $180,000 Active
43. 2021-07-09
    historical
44. 2021-07-09
    historical
45. 2019-10-05
    soldstatus $107,000 Sold
46. 2019-10-05
    soldstatus $107,000
47. 2019-10-01
    listed $115,000 Active
48. 2019-10-01
    listed $115,000
49. 2019-05-13
    soldstatus $107,000
50. 2017-09-25
    soldstatus $104,000

ⓘ 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: $1,290 · $107/mo
• Projected year-2 tax: $2,134 · $178/mo
• Expected delta: +$844/yr (+$70/mo · 65.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $15,146
• − Mortgage interest: −$10,830
• − Property taxes: −$1,290
• − Insurance: −$967
• − Repairs & maintenance: −$1,212
• − Management: −$1,212
• − Depreciation: −$5,624
• Taxable loss: −$5,988
• Est. tax savings @ 24.0%: +$1,437
• After-tax cash flow: $-1,021/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: South Redford School District
• NCES district ID: 2632280
• Math proficiency: 11% ▼ -9.00%
• Reading proficiency: 29% ▼ -7.00%
• Median HH income: $52,775
• Composite: 18.1/100
• National rank: #8972
• State rank: #455 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

• County: Wayne County · 1,562,939 people
• City population: 572,865
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 36,976
• Household income: $71,151
• Rent vs Own: 21.1% rent · 78.9% own
• Severe rent burden: 1052.0

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: Majority Black (58%)
• Race & ethnicity: Black 58% White 34% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Romanian 7% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% Other Indo-European 1% Arabic 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: ▼ -202.97%
• Current HPI: 236.1136
• 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

+209.3% since first listed

70 events — show timeline

• 2025-05-06 Pending — MiRealSource-MiMLS
• 2025-05-06 Pending — REALCOMP
• 2025-04-16 Listed $193,340 REALCOMP
• 2025-04-16 Listed $193,340 MiRealSource-MiMLS
• 2024-07-17 Listing Removed — REALCOMP
• 2024-07-17 Listing Removed — MiRealSource-MiMLS
• 2024-07-09 Price Changed $215,000 MiRealSource-MiMLS
• 2024-07-09 Price Changed $215,000 REALCOMP
• 2024-06-26 Listed $245,000 MiRealSource-MiMLS
• 2024-06-26 Listed $245,000 REALCOMP
• 2022-03-28 Listing Removed — REALCOMP
• 2022-03-09 Listing Removed — REALCOMP
• 2022-03-01 Pending — MiRealSource-MiMLS
• 2022-03-01 Pending — REALCOMP
• 2022-02-28 Listing Removed — MiRealSource-MiMLS
• 2022-02-28 Price Changed $179,900 MiRealSource-MiMLS
• 2022-02-28 Listing Removed — MiRealSource-MiMLS
• 2022-02-28 Listing Removed — MiRealSource-MiMLS
• 2022-02-28 Listing Removed — REALCOMP
• 2022-02-28 Price Changed $179,900 REALCOMP
• 2022-02-13 Price Changed $169,900 MiRealSource-MiMLS
• 2022-02-13 Price Changed $169,900 REALCOMP
• 2022-01-29 Listed $172,500 MiRealSource-MiMLS
• 2022-01-29 Listed $172,500 REALCOMP
• 2022-01-25 Coming Soon — MiRealSource-MiMLS
• 2022-01-25 Coming Soon — REALCOMP
• 2022-01-25 Listed $169,900 MiRealSource-MiMLS
• 2022-01-25 Listed $169,900 REALCOMP
• 2021-12-26 Listing Removed — MiRealSource-MiMLS
• 2021-09-27 Listing Removed — REALCOMP
• 2021-09-22 Price Changed $160,000 MiRealSource-MiMLS
• 2021-09-22 Price Changed $160,000 REALCOMP
• 2021-08-31 Price Changed $165,000 MiRealSource-MiMLS
• 2021-08-31 Price Changed $165,000 REALCOMP
• 2021-08-18 Price Changed $175,000 MiRealSource-MiMLS
• 2021-08-18 Price Changed $175,000 REALCOMP
• 2021-08-18 Relisted — REALCOMP
• 2021-07-26 Listing Removed — REALCOMP
• 2021-07-16 Price Changed $150,000 MiRealSource-MiMLS
• 2021-07-16 Price Changed $150,000 REALCOMP
• 2021-07-14 Listed $180,000 MiRealSource-MiMLS
• 2021-07-14 Listed $180,000 REALCOMP
• 2021-07-09 Coming Soon — MiRealSource-MiMLS
• 2021-07-09 Coming Soon — REALCOMP
• 2019-10-05 Sold (MLS) $107,000 MiRealSource-MiMLS
• 2019-10-05 Sold (MLS) $107,000 REALCOMP
• 2019-10-01 Listed $115,000 MiRealSource-MiMLS
• 2019-10-01 Listed $115,000 REALCOMP
• 2019-05-13 Sold (Public Records) $107,000 Public Records
• 2017-09-25 Sold (Public Records) $104,000 Public Records
• 2017-09-06 Sold (MLS) $104,000 MiRealSource-MiMLS
• 2017-09-06 Sold (MLS) $104,000 REALCOMP
• 2017-08-18 Pending — REALCOMP
• 2017-08-14 Listing Removed — REALCOMP
• 2017-08-07 Pending — MiRealSource-MiMLS
• 2017-08-07 Pending — REALCOMP
• 2017-07-28 Relisted — REALCOMP
• 2017-07-26 Listing Removed — REALCOMP
• 2017-07-22 Listed $92,500 MiRealSource-MiMLS
• 2017-07-21 Listed $92,500 REALCOMP
• 2016-01-18 Sold (Public Records) $62,500 Public Records
• 2015-12-18 Sold (MLS) $62,500 REALCOMP
• 2015-12-18 Sold (MLS) $62,500 MiRealSource-MiMLS
• 2015-11-10 Listing Removed — REALCOMP
• 2015-11-10 Listing Removed — MiRealSource-MiMLS
• 2015-10-27 Price Changed $62,500 REALCOMP
• 2015-10-15 Relisted — REALCOMP
• 2015-08-14 Listing Removed — REALCOMP
• 2015-08-04 Listed $65,000 REALCOMP
• 2015-08-04 Listed $62,500 MiRealSource-MiMLS

Property tax history

-1.9%/yr

Latest (2025): $1,290 · -73.4% YoY. Source: county tax records.