15534 Dixie · Redford, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +12.4/30.0
- DSCR +3.7/10.0
- Rent growth +3.3/5.0
- 1% rule +2.7/10.0
- Livability +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.4/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$169,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This Beautiful Redford Ranch Is One You Don't Want To Miss! Featuring an Updated Kitchen with Quartz Countertops, Stainless Steel Appliances and Vinyl Flooring Is The Perfect Kitchen For Everyday Living and Entertaining Guests Alike! Offering 3 Bedrooms and 1 Full Bathroom, This Move In Ready Home Has Been Freshly Painted Throughout and Is Ready For It's Next Owner. Want A Finished Basement? Well This Home Has That Too, The Finished Basement Provides A Wonderful Large Additional Living Area and Has An Extra Room For A Home Gym Or Office Ready To Go! The 1 Car Garage and Backyard Oasis Is Ready For Those Backyard Summer Bon Fires To Relax After A Long Work Week! This Home Comes With Many Newer Updates Including Roof (2018), Windows (2020), Furnace/AC (2022), Water Heater (2020) and Concrete Driveway! Schedule Your Private Showing Today Before This One Is Gone!
Key facts
- Quartz countertops
- Vinyl flooring
- Finished basement
Tags
Property features AI
Exterior
- Parking: Detached 1-car garage with garage door opener
- Security: Carbon monoxide detector(s); Smoke detector(s)
- Utilities: Public water; Public sewer; Electric with circuit breakers
- Home design: Single-family residence; One level; Ground-level entry; Aluminum siding
- Construction: Asphalt roof; Block foundation; Built with aluminum siding
- Exterior features: Covered porch; Paved road; No pool
Interior
- Kitchen: Dishwasher; Disposal; Free-standing gas oven; Free-standing refrigerator; Microwave; Stainless steel appliances; Gas water heater
- Bedrooms: 7 total rooms (includes bedrooms and living spaces)
- Bathrooms: 1 full bathroom
- Interior features: High-speed internet; Smart thermostat; Finished basement
- Laundry & utility: Washer hookup; Gas dryer hookup
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $170k.
Deal economics
- At list price, monthly cash flow is $-28 ($-332/yr) — negative.
- To cash-flow at today's rent, offer at most $165k (2.9% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $130k (23.2% below list).
- Recommended offer: $130k (23.2% below list) — sets the bar for 1% rule.
Location & tenants
- Location reads: area grade F — affects rentability + tenant quality, not the cash-flow math above.
- Redford Union Schools District No. 1 (suburban): math 8% / reading 23% proficiency, ranked #489 of 540 in MI (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
- 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); 82% 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 $5k 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
- Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
- 11 sale attempts since 30y ago; this cycle's ask is 3% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
- Current owner paid $24k; list at $170k implies a 608% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- 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?
- Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.77% ✗
- Cap rate
- 6.10%
- Cash-on-cash
- -0.70%
- DSCR
- 0.97
- GRM
- 10.9
CMA / ARV
- ARV (on-the-fly)
- $134,320
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 15512 Dixie | 0.03mi | 3/1.0 | 924 (+0%) | 4mo | $130,000 | $141 | 95 |
| 15490 Dixie | 0.05mi | 3/1.0 | 912 (-1%) | 2mo | $135,000 | $148 | 95 |
| 16230 Winston St | 0.38mi | 3/1.0 | 917 (-0%) | 1mo | $80,000 | $87 | 81 |
| 25012 Midland | 0.24mi | 2/1.0 (-1) | 900 (-2%) | 4mo | $85,000 | $94 | 77 |
| 15938 Lola Dr | 0.49mi | 2/1.0 (-1) | 950 (+3%) | 3mo | $139,000 | $146 | 64 |
| 15407 Chelsea | 0.56mi | 3/1.0 | 960 (+4%) | 5mo | $147,500 | $154 | 62 |
| 25373 Ivanhoe Ave | 0.67mi | 3/1.5 | 946 (+3%) | 0mo | $180,250 | $191 | 62 |
| 16841 Winston St | 0.63mi | 3/1.0 | 954 (+4%) | 4mo | $95,500 | $100 | 61 |
| 15887 Beech Daly | 0.65mi | 2/1.0 (-1) | 898 (-2%) | 4mo | $158,000 | $176 | 57 |
| 16618 Salem St | 0.53mi | 2/1.0 (-1) | 833 (-10%) | 4mo | $47,500 | $57 | 51 |
| 16157 Wormer St | 0.39mi | 3/2.0 | 1,042 (+13%) | 6mo | $88,000 | $84 | 50 |
| 16865 Five Points St | 0.66mi | 2/1.0 (-1) | 850 (-8%) | 7mo | $140,000 | $165 | 46 |
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
- IRR
- -17.2%
- Equity multiple
- 0.39×
- Total profit
- $-29,015
- Equity at exit
- $25,333
- IRR
- -8.9%
- Equity multiple
- 0.45×
- Total profit
- $-26,387
- Equity at exit
- $14,690
Cash invested: $47,572 (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
ZIP-level market 48239
- Rents YoY
- 3.2%
- Active inventory
- 188
- Price-to-rent
- 10.9×
Monthly cashflow live
- Estimated rent
- $1,304 high interval (Pro) →
- Mortgage (P&I)
- −$891
- Tax from tax record
- −$96 /mo · $1,156/yr
- Insurance
- −$71
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$274
- Net cashflow
- $-28
Break-even live
Sensitivity live
| Price | -10% $69 | -5% $20 | +0% $-28 | +5% $-76 | +10% $-124 |
|---|---|---|---|---|---|
| Rent | -10% $-131 | -5% $-79 | +0% $-28 | +5% $24 | +10% $75 |
| Rate | -1.0pp $58 | -0.5pp $16 | base $-28 | +0.5pp $-72 | +1.0pp $-116 |
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
- $42,475
- Closing costs
- $5,097
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 15490 Dixie Redford, MI | 3.0 | 1.0 | 912 | $1,600 | $1.75 | 5d | 1 | 0.03mi |
| 15195 Aubrey Redford, MI | 3.0 | 1.0 | 769 | $1,395 | $1.81 | 17d | 1 | 0.47mi |
| 16207 Woodbine St Detroit, MI | 3.0 | 1.0 | 1000 | $1,294 | $1.29 | 5d | 1 | 0.49mi |
| 16131 Dale St Detroit, MI | 3.0 | 1.0 | 1100 | $1,500 | $1.36 | 18d | 1 | 0.54mi |
| 16581 Wormer St Detroit, MI | 2.0 | 1.0 | 720 | $1,100 | $1.53 | 44d | 1 | 0.57mi |
| 16800 Wormer St Detroit, MI | 3.0 | 1.0 | 912 | $1,250 | $1.37 | 18d | 1 | 0.67mi |
| 16800 Telegraph Rd Detroit, MI | 2.0 | 1.0 | 775 | $875 | $1.13 | 44d | 1 | 0.75mi |
| 17324 Salem St Detroit, MI | 2.0 | 1.0 | 989 | $1,200 | $1.21 | 24d | 1 | 0.97mi |
| 14292 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.03mi |
| 25822 W 6 Mile Rd Redford Township, MI | 2.0 | 2.0 | 1100 | $1,100 | $1.00 | 24d | 1 | 1.03mi |
| 14286 Riverview St Unit HF Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.03mi |
| 14302 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.04mi |
| 14294 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.04mi |
| 14296 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.04mi |
| 14298 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.04mi |
| 14300 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.04mi |
| 14310 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.04mi |
| 14284 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.05mi |
| 14282 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $800 | $0.89 | 44d | 1 | 1.05mi |
| 14283 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.05mi |
| 14252 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.05mi |
| 14250 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.05mi |
| 14288 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.05mi |
| 14280 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.05mi |
| 14268 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $850 | $0.94 | 44d | 1 | 1.05mi |
| 14262 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.05mi |
| 14264 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.05mi |
| 14260 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.05mi |
| 14266 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.05mi |
| 14246 Riverview St Unit RB Detroit, MI | 2.0 | 1.0 | 900 | $895 | $0.99 | 44d | 1 | 1.05mi |
| 14246 Riverview St Unit A Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.05mi |
| 14246 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.05mi |
| 14248 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.05mi |
| 14244 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.05mi |
| 14276 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.06mi |
| 14258 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.06mi |
| 14277 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.06mi |
| 14278 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.06mi |
| 14274 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $900 | $1.00 | 44d | 1 | 1.06mi |
| 14271 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $985 | $1.09 | 44d | 1 | 1.06mi |
Listing history 33 events
-
2026-06-18days on market $169,900 Active 11 DOM
-
2026-06-17days on market $169,900 Active 10 DOM
-
2026-06-16days on market $169,900 Active 9 DOM
-
2026-06-15days on market $169,900 Active 8 DOM
-
2026-06-13days on market $169,900 Active 6 DOM
-
2026-06-13pricestatusdays on market $169,900 Active 5 DOM
-
2026-05-16status Pending 871-char remark
Show marketing remark (871 chars)
This Beautiful Redford Ranch Is One You Don't Want To Miss! Featuring an Updated Kitchen with Quartz Countertops, Stainless Steel Appliances and Vinyl Flooring Is The Perfect Kitchen For Everyday Living and Entertaining Guests Alike! Offering 3 Bedrooms and 1 Full Bathroom, This Move In Ready Home Has Been Freshly Painted Throughout and Is Ready For It's Next Owner. Want A Finished Basement? Well This Home Has That Too, The Finished Basement Provides A Wonderful Large Additional Living Area and Has An Extra Room For A Home Gym Or Office Ready To Go! The 1 Car Garage and Backyard Oasis Is Ready For Those Backyard Summer Bon Fires To Relax After A Long Work Week! This Home Comes With Many Newer Updates Including Roof (2018), Windows (2020), Furnace/AC (2022), Water Heater (2020) and Concrete Driveway! Schedule Your Private Showing Today Before This One Is Gone!
-
2026-05-16status Pending
Show marketing remark (871 chars)
This Beautiful Redford Ranch Is One You Don't Want To Miss! Featuring an Updated Kitchen with Quartz Countertops, Stainless Steel Appliances and Vinyl Flooring Is The Perfect Kitchen For Everyday Living and Entertaining Guests Alike! Offering 3 Bedrooms and 1 Full Bathroom, This Move In Ready Home Has Been Freshly Painted Throughout and Is Ready For It's Next Owner. Want A Finished Basement? Well This Home Has That Too, The Finished Basement Provides A Wonderful Large Additional Living Area and Has An Extra Room For A Home Gym Or Office Ready To Go! The 1 Car Garage and Backyard Oasis Is Ready For Those Backyard Summer Bon Fires To Relax After A Long Work Week! This Home Comes With Many Newer Updates Including Roof (2018), Windows (2020), Furnace/AC (2022), Water Heater (2020) and Concrete Driveway! Schedule Your Private Showing Today Before This One Is Gone!
-
2026-05-11$164,900 Active
Show marketing remark (871 chars)
This Beautiful Redford Ranch Is One You Don't Want To Miss! Featuring an Updated Kitchen with Quartz Countertops, Stainless Steel Appliances and Vinyl Flooring Is The Perfect Kitchen For Everyday Living and Entertaining Guests Alike! Offering 3 Bedrooms and 1 Full Bathroom, This Move In Ready Home Has Been Freshly Painted Throughout and Is Ready For It's Next Owner. Want A Finished Basement? Well This Home Has That Too, The Finished Basement Provides A Wonderful Large Additional Living Area and Has An Extra Room For A Home Gym Or Office Ready To Go! The 1 Car Garage and Backyard Oasis Is Ready For Those Backyard Summer Bon Fires To Relax After A Long Work Week! This Home Comes With Many Newer Updates Including Roof (2018), Windows (2020), Furnace/AC (2022), Water Heater (2020) and Concrete Driveway! Schedule Your Private Showing Today Before This One Is Gone!
-
2026-05-11$164,900 Active 871-char remark
Show marketing remark (871 chars)
This Beautiful Redford Ranch Is One You Don't Want To Miss! Featuring an Updated Kitchen with Quartz Countertops, Stainless Steel Appliances and Vinyl Flooring Is The Perfect Kitchen For Everyday Living and Entertaining Guests Alike! Offering 3 Bedrooms and 1 Full Bathroom, This Move In Ready Home Has Been Freshly Painted Throughout and Is Ready For It's Next Owner. Want A Finished Basement? Well This Home Has That Too, The Finished Basement Provides A Wonderful Large Additional Living Area and Has An Extra Room For A Home Gym Or Office Ready To Go! The 1 Car Garage and Backyard Oasis Is Ready For Those Backyard Summer Bon Fires To Relax After A Long Work Week! This Home Comes With Many Newer Updates Including Roof (2018), Windows (2020), Furnace/AC (2022), Water Heater (2020) and Concrete Driveway! Schedule Your Private Showing Today Before This One Is Gone!
-
2009-06-12soldstatus $24,000 127-char remark
Show marketing remark (127 chars)
CLEAN HOME READY TO MOVE IN. NICE AREA. SOLD AS A SHORT SALE. PRICE, TERMS & COMMISSIONS NEED TO BE APPROVED BY THE BANK.
-
2009-06-12soldstatus $24,000
Show marketing remark (127 chars)
CLEAN HOME READY TO MOVE IN. NICE AREA. SOLD AS A SHORT SALE. PRICE, TERMS & COMMISSIONS NEED TO BE APPROVED BY THE BANK.
-
2009-06-11historical 127-char remark
Show marketing remark (127 chars)
CLEAN HOME READY TO MOVE IN. NICE AREA. SOLD AS A SHORT SALE. PRICE, TERMS & COMMISSIONS NEED TO BE APPROVED BY THE BANK.
-
2009-03-12$34,900 127-char remark
Show marketing remark (127 chars)
CLEAN HOME READY TO MOVE IN. NICE AREA. SOLD AS A SHORT SALE. PRICE, TERMS & COMMISSIONS NEED TO BE APPROVED BY THE BANK.
-
2009-03-12$29,900
Show marketing remark (127 chars)
CLEAN HOME READY TO MOVE IN. NICE AREA. SOLD AS A SHORT SALE. PRICE, TERMS & COMMISSIONS NEED TO BE APPROVED BY THE BANK.
-
2009-03-12historical
Show marketing remark (127 chars)
CLEAN HOME READY TO MOVE IN. NICE AREA. SOLD AS A SHORT SALE. PRICE, TERMS & COMMISSIONS NEED TO BE APPROVED BY THE BANK.
-
2008-11-12$69,900
-
2004-09-21soldstatus $111,000
-
2004-07-01soldstatus $111,000
-
2004-05-13$114,900
-
2004-05-13historical
-
2004-04-12$114,900
-
2000-11-29soldstatus $90,000
-
2000-09-15soldstatus $90,000
-
2000-07-05$94,900
-
1997-07-30soldstatus $74,000
-
1997-06-03soldstatus $74,000
-
1997-04-17$74,899
-
1996-09-05historical
-
1996-09-05historical
-
1996-09-04$69,899
-
1996-08-08$72,900
-
1994-09-16soldstatus $57,000
ⓘ 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
- $1,156 · $96/mo
- Projected year-2 tax
- $1,886 · $157/mo
- Expected delta
- +$730/yr (+$61/mo · 63.2%)
ⓘ 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 (shaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $15,652
- − Mortgage interest
- −$9,517
- − Property taxes
- −$1,156
- − Insurance
- −$850
- − Repairs & maintenance
- −$1,252
- − Management
- −$1,252
- − Depreciation
- −$4,943
- Taxable loss
- −$3,317
- Est. tax savings @ 24.0%
- +$796
- After-tax cash flow
- $464/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
- Redford Union Schools District No. 1
- NCES district ID
- 2629460
- Math proficiency
- 8% ▼ -6.00%
- Reading proficiency
- 23% ▬ 0.00%
- Median HH income
- $49,778
- Composite
- 14.1/100
- National rank
- #9460
- State rank
- #489 of 540 in MI
Livability — Redford
No livability data for this city. (Only ~50 U.S. cities are tracked.)
Census & demographics
- County
- Wayne County · 1,562,939 people
- City population
- 36,976
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 36,976
- Household income
- $71,151
- Rent vs 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
+189.3% since first listed27 events — show timeline
- 2026-05-16 Pending — MiRealSource-MiMLS
- 2026-05-16 Pending — REALCOMP
- 2026-05-11 Listed $164,900 REALCOMP
- 2026-05-11 Listed $164,900 MiRealSource-MiMLS
- 2009-06-12 Sold (MLS) $24,000 REALCOMP
- 2009-06-12 Sold (MLS) $24,000 MiRealSource-MiMLS
- 2009-06-11 Listing Removed — MiRealSource-MiMLS
- 2009-03-12 Listing Removed — REALCOMP
- 2009-03-12 Listed $29,900 REALCOMP
- 2009-03-12 Listed $34,900 MiRealSource-MiMLS
- 2008-11-12 Listed $69,900 REALCOMP
- 2004-09-21 Sold (Public Records) $111,000 Public Records
- 2004-07-01 Sold (MLS) $111,000 REALCOMP
- 2004-05-13 Listing Removed — REALCOMP
- 2004-05-13 Listed $114,900 REALCOMP
- 2004-04-12 Listed $114,900 REALCOMP
- 2000-11-29 Sold (Public Records) $90,000 Public Records
- 2000-09-15 Sold (MLS) $90,000 REALCOMP
- 2000-07-05 Listed $94,900 REALCOMP
- 1997-07-30 Sold (Public Records) $74,000 Public Records
- 1997-06-03 Sold (MLS) $74,000 REALCOMP
- 1997-04-17 Listed $74,899 REALCOMP
- 1996-09-05 Listing Removed — REALCOMP
- 1996-09-05 Listing Removed — REALCOMP
- 1996-09-04 Listed $69,899 REALCOMP
- 1996-08-08 Listed $72,900 REALCOMP
- 1994-09-16 Sold (Public Records) $57,000 Public Records
Property tax history
-2.2%/yrLatest (2025): $1,156 · -47.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…