18116 Bloom St · Detroit, MI 48234

$100,000

3 bd · 1.0 ba · 1,440 sqft · SingleFamily public records · 23 Days on market

Built 1950 4,792 sqft lot Est $82k · 22% 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 +28.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

A must see! Nestled in a friendly, family-oriented neighborhood. Discover this true gem, offering the perfect combination of comfort, convenience, and charm. 3 Bedroom Aluminum Bungalow perfectly blends classic charm with modern updates. This home boast a beautifully remodeled kitchen, showcasing sleek countertop, elegant & relaxing bathtub. Ideal for first-time homebuyers or savvy investors, this move-in-ready property boasts modern upgrades: windows, roof, furnace, hot water tank, plumbing, and hardwood flooring. Property located close to shopping center, highway and roads. Available for immediate occupancy-don't miss the opportunity. Located just minutes from top-rated schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don't miss out on this affordable, high-potential property - schedule a showing today! BATVAI

Key facts

• Hardwood flooring
• Sleek countertop
• Modern upgrades

Tags

• REMODELED KITCHEN
• SLEEK COUNTERTOP
• RELAXING BATHTUB
• MODERN UPGRADES
• HARDWOOD FLOORING
• TOP-RATED SCHOOLS

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Water and sewer available
• Home design: Single-family residence; Residential property; One and one-half stories; Ground-level entry
• Construction: Aluminum siding; Block foundation; Shingle and tile roof; Built area above grade: 720; Finished area below grade: 720
• Exterior features: Front porch; Backyard fencing (fenced)

Interior

• Kitchen: Free-standing refrigerator
• Bedrooms: 3 total rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No cooling
• Interior features: Gas water heater; Unfinished full basement
• Laundry & utility: Washer; Dryer

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 $337 ($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: $98k (1.5% below list) — sets the bar for market timing.

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 fast (+6.7%/yr); 227 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 44% of the median local income ($35k/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 $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 + 6.7% 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 23 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 16y 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.

Risks & watch-outs

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

Recommended offer $98,500 (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: 1.30% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.44%
• DSCR: 1.64
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $82,080
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18105 Caldwell St	0.09mi	3/1.0	1,500 (+4%)	1mo	$35,000	$23	88
18677 Moenart St	0.23mi	2/1.0 (-1)	1,470 (+2%)	6mo	$43,000	$29	76
18057 Albany St	0.20mi	3/2.0	1,350 (-6%)	5mo	$144,000	$107	72
18410 Fenelon St	0.21mi	2/1.0 (-1)	1,344 (-7%)	11mo	$70,500	$52	65
18844 Healy St	0.44mi	4/2.0 (+1)	1,252 (-13%)	2mo	$45,000	$36	47
19443 Conley St	0.73mi	2/1.0 (-1)	1,398 (-3%)	12mo	$38,000	$27	46
19189 Justine St	0.70mi	3/1.0	1,534 (+6%)	13mo	$87,000	$57	45
17160 Conley St	0.57mi	4/2.0 (+1)	1,600 (+11%)	7mo	$70,000	$44	40
18503 Dean St	0.69mi	3/2.0	1,311 (-9%)	12mo	$140,000	$107	39
18461 Sunset St	0.63mi	3/2.0	1,620 (+12%)	10mo	$192,500	$119	38
19210 Gable St	0.60mi	4/1.5 (+1)	1,298 (-10%)	14mo	$79,000	$61	37
18880 Hasse St	0.50mi	4/2.0 (+1)	1,233 (-14%)	12mo	$99,900	$81	34

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 9.0%
• Equity multiple: 1.37×
• Total profit: $10,333
• Equity at exit: $14,910

10-year hold

• IRR: 21.1%
• Equity multiple: 3.11×
• Total profit: $59,102
• Equity at exit: $8,646

Cash invested: $28,000 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 227
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,301 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,500/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $337

Break-even live

Break-even rent $875

Max offer price $100,000

Occupancy floor 69%

Sensitivity live

Price	-10% $406	-5% $372	+0% $337	+5% $302	+10% $268
Rent	-10% $234	-5% $286	+0% $337	+5% $388	+10% $440
Rate	-1.0pp $387	-0.5pp $362	base $337	+0.5pp $311	+1.0pp $285

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18677 Moenart St Detroit, MI	2.0	1.0	1470	$1,200	$0.82	45d	1	0.21mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	45d	1	0.33mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	23d	1	0.33mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,250	$1.09	0d	1	0.34mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	45d	1	0.47mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	6d	1	0.54mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	25d	1	0.62mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	6d	1	0.74mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	25d	1	0.74mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	25d	1	0.85mi
19458 Binder St Detroit, MI	3.0	1.5	1550	$1,500	$0.97	5d	1	1.04mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	18d	1	1.06mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	1.14mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	25d	1	1.15mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	6d	1	1.15mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	18d	1	1.20mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	18d	1	1.20mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	18d	1	1.22mi
19682 Rogge St Detroit, MI	3.0	1.0	1000	$1,350	$1.35	0d	1	1.29mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	16d	1	1.34mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	25d	1	1.34mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	45d	1	1.46mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	45d	1	1.48mi
7600 Dobel St Detroit, MI	3.0	1.0	1234	$1,400	$1.13	18d	1	1.50mi

Listing history 14 events

1. 2026-06-21
   days on market $100,000 Active 23 DOM
2. 2026-06-18
   days on market $100,000 Active 20 DOM
3. 2026-06-17
   days on market $100,000 Active 19 DOM
4. 2026-06-15
   days on market $100,000 Active 17 DOM
5. 2026-06-13
   days on market $100,000 Active 15 DOM
6. 2026-06-13
   days on market $100,000 Active 14 DOM
7. 2026-06-09
   days on market $100,000 Active 11 DOM
8. 2026-06-08
   days on market $100,000 Active 10 DOM
9. 2026-06-07
   days on market $100,000 Active 9 DOM
10. 2026-06-04
    days on market $100,000 Active 6 DOM
11. 2026-06-03
    days on market $100,000 Active 5 DOM
12. 2026-06-02
    days on market $100,000 Active 4 DOM
13. 2026-06-01
    days on market $100,000 Active 3 DOM
14. 2026-05-31
    days on market $100,000 Active 2 DOM

ⓘ 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 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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,617
• − Mortgage interest: −$5,602
• − Property taxes: −$1,500
• − Insurance: −$500
• − Repairs & maintenance: −$1,249
• − Management: −$1,249
• − Depreciation: −$2,909
• Taxable income: $2,607
• Est. tax owed @ 24.0%: −$626
• After-tax cash flow: $3,418/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+2841.2% since first listed

31 events — show timeline

• 2026-05-29 Listed $100,000 REALCOMP
• 2026-05-29 Listed $100,000 MiRealSource-MiMLS
• 2024-07-29 Sold (Public Records) $87,000 Public Records
• 2024-07-22 Sold (MLS) $87,000 MiRealSource-MiMLS
• 2024-07-22 Sold (MLS) $87,000 REALCOMP
• 2024-06-22 Contingent — MiRealSource-MiMLS
• 2024-06-22 Contingent — REALCOMP
• 2024-05-21 Listed $87,000 MiRealSource-MiMLS
• 2024-05-21 Listed $87,000 REALCOMP
• 2024-01-10 Listing Removed — MiRealSource-MiMLS
• 2024-01-10 Listing Removed — REALCOMP
• 2023-12-17 Relisted — MiRealSource-MiMLS
• 2023-12-17 Relisted — REALCOMP
• 2023-12-07 Pending — MiRealSource-MiMLS
• 2023-12-07 Pending — REALCOMP
• 2023-11-25 Price Changed $92,000 MiRealSource-MiMLS
• 2023-11-24 Price Changed $92,000 REALCOMP
• 2023-10-26 Price Changed $92,500 MiRealSource-MiMLS
• 2023-10-25 Price Changed $92,500 REALCOMP
• 2023-10-02 Relisted — MiRealSource-MiMLS
• 2023-10-02 Relisted — REALCOMP
• 2023-09-19 Pending — REALCOMP
• 2023-09-19 Pending — MiRealSource-MiMLS
• 2023-08-10 Price Changed $93,500 MiRealSource-MiMLS
• 2023-08-10 Price Changed $93,500 REALCOMP
• 2023-07-21 Listed $94,500 MiRealSource-MiMLS
• 2023-07-21 Listed $94,500 REALCOMP
• 2023-07-20 Coming Soon — MiRealSource-MiMLS
• 2023-07-20 Coming Soon — REALCOMP
• 2010-08-12 Sold (MLS) $3,400 REALCOMP
• 2010-07-06 Listed $3,400 REALCOMP

Property tax history

-14.2%/yr

Latest (2025): $59 · +128.8% YoY. Source: county tax records.