1524 Euclid St · Lincoln Park, MI 48146

$99,900

3 bd · 1.0 ba · 920 sqft · SingleFamily public records · 81 Days on market

Built 1924 6,098 sqft lot Est $136k · 27% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great first time home owners or rental property! Lots of potential here! Large enclosed porch with lots of windows and fully carpeted for extra living space. Large fenced in double lot yard gives lots of room for entertaining or kids playing. Easement access to parking area rear of the home for two cars. With a little tlc and your personal touch this is a great home, or rental property.

Key facts

• Enclosed porch
• 6,098 sq ft lot
• Built 1924

Tags

• ENCLOSED PORCH
• FENCED IN DOUBLE LOT YARD

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Electric service with circuit breakers
• Home design: Single-family residence; One story; Ground-level entry with steps; Aluminum siding
• Construction: Asphalt roof; Block foundation; Built with aluminum siding
• Exterior features: Enclosed patio/porch; Paved road access

Interior

• Kitchen: Free-standing electric range; Free-standing refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Free-standing electric range; Free-standing refrigerator; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 6.4% in Lincoln Park — 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 80/100 on livability (#82 in MI, #1,720 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D-, crime F, employment D-.
• Lincoln Park School District (suburban): math 15% / reading 32% proficiency, ranked #440 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.7%/yr); 151 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $691 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 + 4.7% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 18 sale attempts since 22y ago; this cycle's ask has dropped $8k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $73k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 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 1924 — 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 D-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. 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: 1.40% ✓
• Cap rate: 10.78%
• Cash-on-cash: 16.02%
• DSCR: 1.71
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $136,160
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1921 Hanford Ave	0.55mi	3/1.0	912 (-1%)	4mo	$80,000	$88	70
1766 White Ave	0.59mi	3/1.0	900 (-2%)	2mo	$165,000	$183	67
1784 College Ave	0.53mi	4/1.0 (+1)	944 (+3%)	1mo	$130,000	$138	65
1765 Garfield Ave	0.65mi	3/1.0	886 (-4%)	1mo	$165,000	$186	63
1836 Reo Ave	0.65mi	3/1.0	950 (+3%)	3mo	$111,000	$117	61
1865 Euclid St	0.49mi	2/1.0 (-1)	960 (+4%)	4mo	$108,000	$113	61
1588 Garfield Ave	0.51mi	2/1.0 (-1)	864 (-6%)	2mo	$128,000	$148	60
2040 Paris Ave	0.70mi	3/1.0	894 (-3%)	4mo	$147,500	$165	59
1260 Marion Ave	0.69mi	3/1.0	874 (-5%)	1mo	$155,000	$177	59
1370 Garfield Ave	0.51mi	2/1.0 (-1)	864 (-6%)	3mo	$72,500	$84	59
1770 Council Ave	0.68mi	3/1.0	864 (-6%)	0mo	$125,000	$145	58
1807 Hanford Ave	0.42mi	2/1.0 (-1)	792 (-14%)	2mo	$130,000	$164	50

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: 8.9%
• Equity multiple: 1.36×
• Total profit: $10,002
• Equity at exit: $14,895

10-year hold

• IRR: 19.5%
• Equity multiple: 2.77×
• Total profit: $49,525
• Equity at exit: $8,638

Cash invested: $27,972 (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 48146

• Home prices YoY: -32.7%
• Rents YoY: 4.7%
• Active inventory: 151
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,396 high
• Mortgage (P&I): −$524
• Tax from tax record: −$164 /mo · $1,967/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $374

Break-even live

Break-even rent $923

Max offer price $99,900

Occupancy floor 68%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1532 Euclid St #1 Lincoln Park, MI	2.0	1.0	850	$1,450	$1.71	24d	1	0.03mi
1524 Cicotte Ave Lincoln Park, MI	2.0	1.0	900	$1,250	$1.39	14d	1	0.19mi
1552 Hanover St Lincoln Park, MI	2.0	1.0	800	$1,250	$1.56	24d	1	0.28mi
1537 Chandler Ave Lincoln Park, MI	2.0	1.0	725	$1,100	$1.52	17d	1	0.48mi
1774 College Ave Lincoln Park, MI	3.0	1.0	944	$1,525	$1.62	1d	1	0.51mi
1774 Council Ave Lincoln Park, MI	3.0	1.0	864	$1,500	$1.74	1d	1	0.67mi
875 Raupp Pl Unit 2 Lincoln Park, MI	2.0	1.0	800	$970	$1.21	16d	1	0.85mi
1581 Empire Ave Lincoln Park, MI	2.0	1.0	900	$1,350	$1.50	24d	1	0.92mi
3575 S Ethel St Detroit, MI	3.0	1.0	894	$1,350	$1.51	17d	1	1.02mi
1343 Pagel Ave Unit 2-Upper Lincoln Park, MI	2.0	1.0	1000	$1,250	$1.25	18d	1	1.35mi

Listing history 50 events

1. 2026-05-04
   price $99,900 389-char remark

   Show marketing remark (389 chars)

   Great first time home owners or rental property! Lots of potential here! Large enclosed porch with lots of windows and fully carpeted for extra living space. Large fenced in double lot yard gives lots of room for entertaining or kids playing. Easement access to parking area rear of the home for two cars. With a little tlc and your personal touch this is a great home, or rental property.

2. 2026-05-04
   price $99,900

   Show marketing remark (389 chars)

   Great first time home owners or rental property! Lots of potential here! Large enclosed porch with lots of windows and fully carpeted for extra living space. Large fenced in double lot yard gives lots of room for entertaining or kids playing. Easement access to parking area rear of the home for two cars. With a little tlc and your personal touch this is a great home, or rental property.

3. 2026-03-09
   listed $108,000 Active

   Show marketing remark (389 chars)

   Great first time home owners or rental property! Lots of potential here! Large enclosed porch with lots of windows and fully carpeted for extra living space. Large fenced in double lot yard gives lots of room for entertaining or kids playing. Easement access to parking area rear of the home for two cars. With a little tlc and your personal touch this is a great home, or rental property.

4. 2026-03-09
   listed $108,000 Active 389-char remark

   Show marketing remark (389 chars)

   Great first time home owners or rental property! Lots of potential here! Large enclosed porch with lots of windows and fully carpeted for extra living space. Large fenced in double lot yard gives lots of room for entertaining or kids playing. Easement access to parking area rear of the home for two cars. With a little tlc and your personal touch this is a great home, or rental property.

5. 2020-08-13
   soldstatus $73,000
6. 2020-08-03
   soldstatus $73,000 Sold 390-char remark

   Show marketing remark (390 chars)

   Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

7. 2020-08-03
   soldstatus $73,000 Closed

   Show marketing remark (390 chars)

   Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

8. 2020-06-08
   status Pending

   Show marketing remark (390 chars)

   Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

9. 2020-06-08
   status Pending 390-char remark

   Show marketing remark (390 chars)

   Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

10. 2020-06-02
    historical Accepting Backup Offers

    Show marketing remark (390 chars)

    Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

11. 2020-06-02
    historical Accepting Backup Offers 390-char remark

    Show marketing remark (390 chars)

    Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

12. 2020-05-26
    listed $72,000 Active 390-char remark

    Show marketing remark (390 chars)

    Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

13. 2020-05-26
    listed $72,000 Active

    Show marketing remark (390 chars)

    Perfect for first-time homeowners. Clean, fully renovated house. 3 Sided Windowed Florida room at the entrance, fully carpeted for extra living space. Large fenced in double lot yard with fire pit for entertaining. Easement access to parking area rear of the home for two cars. Freshly painted, all new floor coverings throughout. Brand new bathroom with ceramic surround. Ready to move in.

14. 2020-02-28
    soldstatus $45,000
15. 2020-02-18
    soldstatus $45,000 Sold
16. 2020-02-18
    soldstatus $45,000 Closed
17. 2020-01-07
    status Pending
18. 2020-01-07
    status Pending
19. 2020-01-07
    price $45,000
20. 2020-01-06
    price $45,000
21. 2019-12-27
    listed $40,000 Active
22. 2019-12-27
    listed $40,000 Active
23. 2019-10-01
    historical
24. 2019-05-18
    status Pending
25. 2019-05-17
    status Pending
26. 2019-05-17
    historical
27. 2019-05-08
    listed $35,000 Active
28. 2019-05-08
    listed $35,000 Active
29. 2013-03-21
    historical
30. 2013-03-21
    listed $12,000
31. 2013-03-21
    listed $12,000
32. 2013-03-21
    historical
33. 2011-06-22
    historical
34. 2011-06-22
    historical
35. 2011-05-04
    listed $19,500
36. 2011-05-04
    listed $19,500
37. 2011-05-03
    historical
38. 2011-05-03
    historical
39. 2011-04-11
    listed $21,200
40. 2011-04-11
    listed $21,200
41. 2004-07-28
    soldstatus $40,000
42. 2004-07-28
    soldstatus $40,000
43. 2004-07-23
    historical
44. 2004-05-01
    listed $57,500
45. 2004-05-01
    listed $57,500
46. 2004-05-01
    historical
47. 2004-05-01
    historical
48. 2004-03-20
    listed $58,500
49. 2004-03-20
    listed $58,500
50. 2000-06-23
    soldstatus $42,000

ⓘ 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: $1,967 · $164/mo
• Projected year-2 tax: $1,967 · $164/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,754
• − Mortgage interest: −$5,596
• − Property taxes: −$1,967
• − Insurance: −$500
• − Repairs & maintenance: −$1,340
• − Management: −$1,340
• − Depreciation: −$2,906
• Taxable income: $3,104
• Est. tax owed @ 24.0%: −$745
• After-tax cash flow: $3,737/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: Lincoln Park School District
• NCES district ID: 2621600
• Math proficiency: 15% ▼ -5.00%
• Reading proficiency: 32% ▬ 0.00%
• Median HH income: $41,486
• Composite: 19.93/100
• National rank: #8678
• State rank: #440 of 540 in MI

Livability — Lincoln Park

• Score: 80/100
• State rank: #82
• US rank: #1720

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety B- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln Park, MI
• County: Wayne County · 1,562,939 people
• City population: 39,257
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 39,257
• Household income: $58,616
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 1142.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Hispanic / Latino 25% Two or more races 12% Black 9% Native American 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 3%
• Common ancestry: Romanian 6% Lithuanian 4% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 80% English-only · Spanish 17% Arabic 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: ▼ -108.25%
• Current HPI: 222.8545
• Rent YoY: ▲ 4.65%
• 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

+299.6% since first listed

51 events — show timeline

• 2026-05-04 Price Changed $99,900 MiRealSource-MiMLS
• 2026-05-04 Price Changed $99,900 REALCOMP
• 2026-03-09 Listed $108,000 REALCOMP
• 2026-03-09 Listed $108,000 MiRealSource-MiMLS
• 2020-08-13 Sold (Public Records) $73,000 Public Records
• 2020-08-03 Sold (MLS) $73,000 MiRealSource-MiMLS
• 2020-08-03 Sold (MLS) $73,000 REALCOMP
• 2020-06-08 Pending — MiRealSource-MiMLS
• 2020-06-08 Pending — REALCOMP
• 2020-06-02 Contingent — MiRealSource-MiMLS
• 2020-06-02 Contingent — REALCOMP
• 2020-05-26 Listed $72,000 MiRealSource-MiMLS
• 2020-05-26 Listed $72,000 REALCOMP
• 2020-02-28 Sold (Public Records) $45,000 Public Records
• 2020-02-18 Sold (MLS) $45,000 MiRealSource-MiMLS
• 2020-02-18 Sold (MLS) $45,000 REALCOMP
• 2020-01-07 Pending — MiRealSource-MiMLS
• 2020-01-07 Pending — REALCOMP
• 2020-01-07 Price Changed $45,000 MiRealSource-MiMLS
• 2020-01-06 Price Changed $45,000 REALCOMP
• 2019-12-27 Listed $40,000 MiRealSource-MiMLS
• 2019-12-27 Listed $40,000 REALCOMP
• 2019-10-01 Listing Removed — REALCOMP
• 2019-05-18 Pending — MiRealSource-MiMLS
• 2019-05-17 Pending — REALCOMP
• 2019-05-17 Listing Removed — MiRealSource-MiMLS
• 2019-05-08 Listed $35,000 MiRealSource-MiMLS
• 2019-05-08 Listed $35,000 REALCOMP
• 2013-03-21 Listing Removed — MiRealSource-MiMLS
• 2013-03-21 Listed $12,000 MiRealSource-MiMLS
• 2013-03-21 Listed $12,000 REALCOMP
• 2013-03-21 Listing Removed — REALCOMP
• 2011-06-22 Listing Removed — REALCOMP
• 2011-06-22 Listing Removed — MiRealSource-MiMLS
• 2011-05-04 Listed $19,500 REALCOMP
• 2011-05-04 Listed $19,500 MiRealSource-MiMLS
• 2011-05-03 Listing Removed — MiRealSource-MiMLS
• 2011-05-03 Listing Removed — REALCOMP
• 2011-04-11 Listed $21,200 MiRealSource-MiMLS
• 2011-04-11 Listed $21,200 REALCOMP
• 2004-07-28 Sold (MLS) $40,000 REALCOMP
• 2004-07-28 Sold (MLS) $40,000 MiRealSource-MiMLS
• 2004-07-23 Listing Removed — MiRealSource-MiMLS
• 2004-05-01 Listing Removed — MiRealSource-MiMLS
• 2004-05-01 Listing Removed — REALCOMP
• 2004-05-01 Listed $57,500 REALCOMP
• 2004-05-01 Listed $57,500 MiRealSource-MiMLS
• 2004-03-20 Listed $58,500 MiRealSource-MiMLS
• 2004-03-20 Listed $58,500 REALCOMP
• 2000-06-23 Sold (Public Records) $42,000 Public Records
• 1992-01-09 Sold (Public Records) $25,000 Public Records

Property tax history

+2.8%/yr

Latest (2025): $1,967 · -19.1% YoY. Source: county tax records.