15476 Fairfield St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- 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 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
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 +24.8/30.0
- DSCR +8.0/10.0
- ARV discount +7.5/15.0
- 1% rule +6.7/10.0
- Rent growth +4.0/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$110,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
Key facts
- Updated finishes
- Fenced yard
- 3,049 sq ft lot
Tags
Property features AI
Exterior
- Parking: No garage
- Utilities: Public water; Public sewer
- Home design: Single-family residence; One and one-half story; Ground-level entry with steps; Brick veneer exterior
- Construction: Slab foundation
- Exterior features: Paved road access; Lot roughly 30 x 100 (0.07 acres)
Interior
- Bathrooms: 2 full bathrooms
- Heating & cooling: Forced air heating (natural gas); No central cooling
- Interior features: Total of 4 rooms
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $110k.
Deal economics
- At list price, monthly cash flow is $233 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $110k).
- Recommended offer: $97k (12.0% 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 (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).
- At $1,288/mo this rent would consume 46% of the median local household income ($33k/yr) (locally 2172% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $761 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 + 6.1% rent growth), your $31k cash investment doubles in ~9 years — after that, you're playing with house money.
Negotiation context
- It's been on market 150 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 12y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $12k; list at $110k implies a 817% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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
- 1.17% ✓
- Cap rate
- 8.84%
- Cash-on-cash
- 9.10%
- DSCR
- 1.40
- GRM
- 7.1
CMA / ARV
- ARV (on-the-fly)
- $36,006
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 15455 Wildemere St | 0.08mi | 3/1.0 | 1,095 (+3%) | 2mo | $18,500 | $17 | 89 |
| 15488 Wildemere St | 0.10mi | 3/1.0 | 949 (-10%) | 1mo | $49,900 | $53 | 77 |
| 15863 Belden St | 0.22mi | 3/1.0 | 1,156 (+9%) | 1mo | $18,600 | $16 | 74 |
| 15560 La Salle Blvd | 0.49mi | 3/1.0 | 1,022 (-4%) | 1mo | $35,000 | $34 | 71 |
| 15853 Santa Rosa Dr | 0.48mi | 4/1.0 (+1) | 1,050 (-1%) | 2mo | $140,000 | $133 | 69 |
| 15798 Muirland St | 0.16mi | 2/1.0 (-1) | 943 (-11%) | 1mo | $29,000 | $31 | 68 |
| 14752 Petoskey Ave | 0.57mi | 3/1.5 | 1,029 (-3%) | 0mo | $40,000 | $39 | 66 |
| 15840 Lawton St | 0.31mi | 3/1.0 | 1,176 (+11%) | 7mo | $38,000 | $32 | 62 |
| 15021 Petoskey Ave | 0.42mi | 3/1.0 | 1,177 (+11%) | 1mo | $28,000 | $24 | 61 |
| 15904 Parkside St | 0.29mi | 3/1.5 | 1,204 (+14%) | 2mo | $140,000 | $116 | 60 |
| 16200 Lawton St | 0.46mi | 3/1.0 | 956 (-10%) | 4mo | $56,500 | $59 | 59 |
| 7447 Ellsworth St | 0.68mi | 3/1.0 | 1,160 (+10%) | 5mo | $35,500 | $31 | 48 |
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 · 6.14% rent growth · sell at horizon
- IRR
- 1.0%
- Equity multiple
- 1.04×
- Total profit
- $1,276
- Equity at exit
- $16,401
- IRR
- 13.7%
- Equity multiple
- 2.26×
- Total profit
- $38,770
- Equity at exit
- $9,511
Cash invested: $30,800 (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 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 346
- Price-to-rent
- 7.1×
Monthly cashflow live
- Estimated rent
- $1,288 high interval (Pro) →
- Mortgage (P&I)
- −$577
- Tax from tax record
- −$162 /mo · $1,939/yr
- Insurance
- −$46
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$271
- Net cashflow
- $233
Break-even live
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
- $27,500
- Closing costs
- $3,300
- 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 |
|---|---|---|---|---|---|---|---|---|
| 15345 Parkside St Detroit, MI | 3.0 | 1.0 | 1152 | $1,300 | $1.13 | 44d | 1 | 0.21mi |
| 15906 Alden St Detroit, MI | 3.0 | 1.0 | 1030 | $1,150 | $1.12 | 17d | 1 | 0.29mi |
| 16174 Princeton St Unit 2 Detroit, MI | 2.0 | 1.0 | 985 | $1,100 | $1.12 | 44d | 1 | 0.45mi |
| 16174 Princeton St Detroit, MI | 2.0 | 1.0 | 985 | $1,100 | $1.12 | 19d | 1 | 0.46mi |
| 7350 Globe St Detroit, MI | 3.0 | 1.0 | 1000 | $1,550 | $1.55 | 4d | 1 | 0.55mi |
| 16582 Santa Rosa Dr Detroit, MI | 3.0 | 1.0 | 1314 | $1,399 | $1.06 | 17d | 1 | 0.68mi |
| 15771 Turner St Detroit, MI | 2.0 | 1.0 | 1000 | $1,049 | $1.05 | 44d | 1 | 0.76mi |
| 2034 Ewald Cir Detroit, MI | 2.0 | 1.0 | 1000 | $995 | $0.99 | 5d | 1 | 0.78mi |
| 16255 Lilac St Detroit, MI | 3.0 | 1.0 | 1312 | $1,394 | $1.06 | 17d | 1 | 0.80mi |
| 2521 W McNichols Rd Unit B2 Detroit, MI | 2.0 | 1.0 | 1300 | $1,250 | $0.96 | 44d | 1 | 0.86mi |
| 16927 Inverness St Detroit, MI | 2.0 | 1.0 | 897 | $1,650 | $1.84 | 17d | 1 | 0.93mi |
| 17215 Warrington Dr Detroit, MI | 2.0 | 1.0 | 1015 | $2,000 | $1.97 | 44d | 1 | 0.94mi |
| 17145 Santa Rosa Dr Unit 1 Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 18d | 1 | 0.95mi |
| 2433 Pasadena St Unit 2435 Detroit, MI | 2.0 | 1.0 | 700 | $1,025 | $1.46 | 44d | 1 | 0.95mi |
| 15457 Cloverlawn St Detroit, MI | 3.0 | 2.0 | 1500 | $1,275 | $0.85 | 24d | 1 | 0.96mi |
| 16722 Tuller St Detroit, MI | 3.0 | 1.5 | 1100 | $1,500 | $1.36 | 17d | 1 | 0.96mi |
| 17147 Monica St Unit 2 1 Detroit, MI | 2.0 | 1.0 | 900 | $975 | $1.08 | 24d | 1 | 0.98mi |
| 13639 La Salle Blvd Detroit, MI | 2.0 | 1.0 | 800 | $695 | $0.87 | 11d | 1 | 1.01mi |
| 17163 Prairie St Unit 1B Detroit, MI | 3.0 | 1.5 | 1317 | $1,350 | $1.03 | 44d | 1 | 1.02mi |
| 14656 Roselawn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 1.05mi |
| 3812 W Grand St Detroit, MI | 2.0 | 1.0 | 1100 | $1,025 | $0.93 | 17d | 1 | 1.05mi |
| 326 Eason St Highland Park, MI | 3.0 | 1.0 | 1256 | $1,300 | $1.04 | 17d | 1 | 1.06mi |
| 2690 Ewald Cir Detroit, MI | 1.0–2.0 | 1.0 | 750 | $900 | $1.20 | 24d | 4 | 1.15mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 44d | 1 | 1.16mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 24d | 1 | 1.16mi |
| 1926 Clements St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 5d | 1 | 1.17mi |
| 1926 Clements St Unit 1926 Detroit, MI | 3.0 | 1.0 | 1150 | $1,250 | $1.09 | 20d | 1 | 1.17mi |
| 15777 Wisconsin St Unit 77 Detroit, MI | 2.0 | 1.0 | 900 | $950 | $1.06 | 5d | 1 | 1.17mi |
| 17551 Santa Rosa Dr Detroit, MI | 2.0 | 1.0 | 1036 | $1,095 | $1.06 | 44d | 1 | 1.18mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 17d | 1 | 1.19mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 44d | 1 | 1.20mi |
| 17596 Santa Rosa Dr Detroit, MI | 2.0 | 1.0 | 1350 | $1,195 | $0.89 | 44d | 1 | 1.21mi |
| 17596 Santa Rosa Dr Unit 2 Detroit, MI | 2.0 | 1.0 | 1350 | $1,195 | $0.89 | 24d | 1 | 1.21mi |
| 14570 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 840 | $1,250 | $1.49 | 13d | 1 | 1.22mi |
| 16183 Wisconsin St Detroit, MI | 3.0 | 1.5 | 1370 | $1,400 | $1.02 | 44d | 1 | 1.23mi |
| 3740 Tyler St Unit 1 Detroit, MI | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 5d | 1 | 1.23mi |
| 17368 Woodingham Dr Detroit, MI | 3.0 | 1.5 | 1200 | $1,800 | $1.50 | 44d | 1 | 1.26mi |
| 3824 Tyler St Apt 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,523 | $1.69 | 17d | 1 | 1.26mi |
| 16230 Indiana St Unit 2 Detroit, MI | 2.0 | 1.0 | 1050 | $1,200 | $1.14 | 18d | 1 | 1.27mi |
| 3783 Tyler St Unit Lower Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 44d | 1 | 1.27mi |
Listing history 26 events
-
2026-06-18days on market $110,000 Active 150 DOM
-
2026-06-17days on market $110,000 Active 149 DOM
-
2026-06-15statusdays on market $110,000 Active 147 DOM
-
2026-06-13days on market $110,000 Active Under Contract 145 DOM
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2026-06-13days on market $110,000 Active Under Contract 144 DOM
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2026-06-09days on market $110,000 Active Under Contract 141 DOM
-
2026-06-08days on market $110,000 Active Under Contract 140 DOM
-
2026-06-07statusdays on market $110,000 Active Under Contract 139 DOM
-
2026-06-03statusdays on market $110,000 Pending 138 DOM
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2026-06-01days on market $110,000 Active Under Contract 137 DOM
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2026-05-31days on market $110,000 Active Under Contract 136 DOM
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2026-04-10historical Active Under Contract
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
-
2026-04-10historical Accepting Backup Offers 807-char remark
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
-
2026-03-28price $110,000 807-char remark
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
-
2026-03-28price $110,000
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
-
2026-03-13price $113,000 807-char remark
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
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2026-03-12price $113,000
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2026-02-03price $115,000 807-char remark
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
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2026-02-02price $115,000
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2026-01-15$120,000 Active
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
-
2026-01-15$120,000 Active 807-char remark
Show marketing remark (807 chars)
Fully renovated, move-in ready 3-bedroom, 2- full bath single-family bungalow-style home offering modern living in Detroit's growing Dexter/Fenkell corridor. Features include a first-floor primary suite with attached walk-in closet and private en-suite bath, fenced yard, and updated finishes throughout. The upstairs features 2 newly finished bedrooms and a second full bathroom. There is also an open bonus space for convening. Low maintenance and ideal for buyers seeking affordability without sacrificing quality. Conveniently located minutes from M-10 (Lodge Freeway) with quick access to Downtown Detroit, Midtown, New Center, and Henry Ford Hospital. A great opportunity to own in an up-and-coming neighborhood with strong long-term value. Furnace and water heater will be installed prior to closing.
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2014-12-24historical
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2014-12-24historical
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2014-02-27$1,500 Active
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2014-02-27$1,500
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1996-06-10soldstatus $12,000
ⓘ 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
- $1,939 · $162/mo
- Projected year-2 tax
- $1,939 · $162/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 · 14 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 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
- $15,459
- − Mortgage interest
- −$6,162
- − Property taxes
- −$1,939
- − Insurance
- −$550
- − Repairs & maintenance
- −$1,237
- − Management
- −$1,237
- − Depreciation
- −$3,200
- Taxable income
- $1,135
- Est. tax owed @ 24.0%
- −$272
- After-tax cash flow
- $2,529/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
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)
- 24,731
- Household income
- $33,315
- Rent vs Own
- Severe rent burden
- 2172.0
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% Two or more races 3% White 1%
- Foreign-born
- 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
- ▼ -31.96%
- Current HPI
- 189.6227
- Rent YoY
- ▲ 6.14%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+816.7% since first listed15 events — show timeline
- 2026-04-10 Contingent — REALCOMP
- 2026-04-10 Contingent — MiRealSource-MiMLS
- 2026-03-28 Price Changed $110,000 MiRealSource-MiMLS
- 2026-03-28 Price Changed $110,000 REALCOMP
- 2026-03-13 Price Changed $113,000 MiRealSource-MiMLS
- 2026-03-12 Price Changed $113,000 REALCOMP
- 2026-02-03 Price Changed $115,000 MiRealSource-MiMLS
- 2026-02-02 Price Changed $115,000 REALCOMP
- 2026-01-15 Listed $120,000 REALCOMP
- 2026-01-15 Listed $120,000 MiRealSource-MiMLS
- 2014-12-24 Listing Removed — REALCOMP
- 2014-12-24 Listing Removed — MiRealSource-MiMLS
- 2014-02-27 Listed $1,500 MiRealSource-MiMLS
- 2014-02-27 Listed $1,500 REALCOMP
- 1996-06-10 Sold (Public Records) $12,000 Public Records
Property tax history
+19.7%/yrLatest (2025): $1,939 · -54.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…