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9809 Philip St
B- Composite 66.86
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
  • DSCR +10.0/10.0
  • 1% rule +9.2/10.0
  • ARV discount +7.5/15.0
  • Livability +3.7/5.0
  • Rent growth +2.7/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$90,000

9809 Philip St · Detroit, MI 48224
3 bd · 1.0 ba · 997 sqft · SingleFamily public records · 32 Days on market
Built 1938 3,485 sqft lot

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Turnkey Detroit Investment Opportunity! This beautifully renovated 3-bedroom, 1-bath all-brick bungalow on Detroit's east side is the perfect addition to any investor's portfolio. Renovated in 2025, the property features updated finishes while maintaining its classic brick charm. Currently tenant-occupied at $1,050/month on a month-to-month lease, offering immediate cash flow from day one with additional upside potential through future rent increases over time. The tenant is current on all payments, takes pride in the home, and would like to remain in place for added stability. Professionally managed by a local property management company, giving buyers the flexibility to retain management for a seamless transition or self-manage the asset. Whether you're a seasoned investor or just getting started, this is a solid income-producing property with strong rental potential in a growing Detroit market. Subject to tenants right. Please do not disturb the tenants. No showings without an accepted offer. Photos were taken before the tenants moved in.

Key facts

  • 3,485 sq ft lot
  • Built 1938
  • Listed 31 days

Property features AI

Exterior

  • Parking: No garage
  • Utilities: Public water; Public sewer
  • Home design: Single-family residence; One and one-half stories; Ground-level entry with steps
  • Construction: Brick exterior; Block foundation; Home warranty included
  • Exterior features: Paved road access; Lot approximately 0.08 acres (35 x 101.5)

Interior

  • Bathrooms: 1 full bathroom
  • Heating & cooling: Forced air heating (natural gas); No cooling
  • Interior features: Unfinished basement; 6 total rooms

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

  • At list price, monthly cash flow is $437 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $90k).
  • Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
  • Cap rate 12.1% vs local median 10.1% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 flat; 492 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • This rent runs 34% of the median local income ($45k/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 $622 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 + 0.7% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 32 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
  • 16 sale attempts since 19y 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 $65k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $87,300 (3.0% below list)

Questions for the listing agent

  1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1938 — 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. 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.
  7. 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.
  8. 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
1.42%
Cap rate
12.13%
Cash-on-cash
20.83%
DSCR
1.93
GRM
5.9

CMA / ARV

ARV (on-the-fly)
$57,826
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
9768 Manistique St 0.09mi 3/1.0 986 (-1%) 0mo $35,000 $35 94
10696 Stratman St 0.38mi 3/1.5 1,000 (+0%) 3mo $53,000 $53 77
10904 N Mogul St 0.34mi 3/1.0 1,045 (+5%) 0mo $113,000 $108 76
9500 Lakepointe St 0.32mi 3/1.0 1,130 (+13%) 0mo $125,000 $111 62
14728 Wilfred St 0.59mi 3/1.0 1,050 (+5%) 3mo $30,500 $29 62
9459 Lakepointe St 0.31mi 3/1.0 855 (-14%) 2mo $40,000 $47 60
10326 Beaconsfield St 0.64mi 3/1.0 1,042 (+4%) 3mo $66,000 $63 60
5818 Beaconsfield St 0.69mi 3/1.5 1,038 (+4%) 3mo $60,000 $58 56
10441 Roxbury St 0.50mi 3/1.5 1,127 (+13%) 3mo $59,000 $52 51
5777 Lakepointe St 0.68mi 4/2.5 (+1) 1,075 (+8%) 2mo $174,999 $163 42
10318 Beaconsfield St 0.64mi 3/1.5 1,146 (+15%) 1mo $78,000 $68 42
13136 Maiden St 0.60mi 4/1.0 (+1) 1,144 (+15%) 1mo $10,000 $9 42

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 · 0.73% rent growth · sell at horizon

5-year hold
IRR
10.7%
Equity multiple
1.41×
Total profit
$10,407
Equity at exit
$13,419
10-year hold
IRR
17.9%
Equity multiple
2.34×
Total profit
$33,687
Equity at exit
$7,782

Cash invested: $25,200 (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.

ZIP-level market 48224

Rents YoY
0.7%
Active inventory
492
Price-to-rent
5.9×

Monthly cashflow live

Estimated rent
$1,280 high interval (Pro) →
Mortgage (P&I)
$472
Tax from tax record
$64 /mo · $770/yr
Insurance
$38
HOA
$0
Vacancy / Maint / Mgmt
$269
Net cashflow
$437

Break-even live

Break-even rent $726
Max offer price $90,000
Occupancy floor 61%

Sensitivity live

Price -10% $488 -5% $463 +0% $437 +5% $412 +10% $386
Rent -10% $336 -5% $387 +0% $437 +5% $488 +10% $539
Rate -1.0pp $483 -0.5pp $460 base $437 +0.5pp $414 +1.0pp $390

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
$22,500
Closing costs
$2,700
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 34 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
9516 Wayburn St Detroit, MI 2.0 1.0 800 $950 $1.19 18d 1 0.26mi
9190 Hayes St Unit 1 Detroit, MI 2.0 1.0 750 $850 $1.13 16d 1 0.34mi
10644 Stratman St Detroit, MI 2.0 1.0 1000 $1,200 $1.20 18d 1 0.35mi
10141 Roxbury St Detroit, MI 3.0 1.0 1115 $1,000 $0.90 44d 1 0.36mi
9927 Beaconsfield St Detroit, MI 3.0 1.0 942 $1,375 $1.46 16d 1 0.45mi
13400 Longview St Detroit, MI 3.0 1.5 1000 $1,400 $1.40 44d 1 0.45mi
9747 Somerset Ave Detroit, MI 2.0 1.0 797 $1,100 $1.38 44d 1 0.56mi
13137 Elmdale St Detroit, MI 3.0 1.0 1115 $1,400 $1.26 25d 1 0.57mi
13067 Wade St Detroit, MI 2.0 1.0 660 $900 $1.36 6d 1 0.66mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI 3.0 1.0 1100 $1,250 $1.14 16d 1 0.76mi
10404 Somerset Ave Detroit, MI 3.0 1.0 1108 $1,475 $1.33 4d 1 0.86mi
15010 Cedargrove St Detroit, MI 3.0 1.5 1018 $1,350 $1.33 44d 1 0.94mi
11235 Roxbury St Detroit, MI 3.0 1.0 1062 $1,325 $1.25 18d 1 1.04mi
5235 Chatsworth St Detroit, MI 2.0 1.0 900 $1,050 $1.17 44d 1 1.08mi
10037 Grayton St Detroit, MI 3.0 1.0 1000 $1,400 $1.40 4d 1 1.13mi
10177 Boleyn St Detroit, MI 3.0 1.0 767 $1,250 $1.63 44d 1 1.15mi
12210 Longview St Detroit, MI 3.0 1.0 1020 $1,100 $1.08 44d 1 1.16mi
5284 Devonshire Rd Detroit, MI 2.0 1.0 650 $1,050 $1.62 25d 1 1.17mi
12201 Morang Ave Unit 8 Detroit, MI 2.0 1.0 610 $875 $1.43 44d 1 1.18mi
15494 Mapleridge St Detroit, MI 3.0 1.0 937 $1,275 $1.36 44d 1 1.18mi
11611 Morang Ave Detroit, MI 1.0–2.0 1.0 709 $1,040 $1.47 44d 1 1.21mi
5112 Haverhill St Unit 1 Detroit, MI 2.0 1.0 1000 $1,100 $1.10 44d 1 1.22mi
12740 August St Detroit, MI 2.0 1.0 900 $1,300 $1.44 6d 1 1.22mi
10400 Britain St Detroit, MI 3.0 1.0 890 $1,100 $1.24 44d 1 1.25mi
10370 Britain St Detroit, MI 3.0 1.0 1100 $1,100 $1.00 44d 1 1.27mi
11529 Roxbury St Detroit, MI 2.0 1.0 720 $1,200 $1.67 13d 1 1.28mi
11776 Rossiter St Detroit, MI 3.0 1.0 964 $1,150 $1.19 12d 1 1.30mi
5783 Yorkshire Rd Detroit, MI 2.0 1.0 1040 $1,200 $1.15 44d 1 1.31mi
5031 Bedford St Detroit, MI 2.0 1.0 876 $1,870 $2.13 0d 1 1.32mi
5028 Bedford St Detroit, MI 3.0 1.0 1000 $1,400 $1.40 6d 1 1.34mi
10692 Meuse St Detroit, MI 3.0 1.0 955 $1,250 $1.31 13d 1 1.35mi
4667 Eastlawn St Detroit, MI 3.0 1.0 646 $1,095 $1.70 4d 1 1.41mi
4391 Nottingham Rd Unit 4393 Detroit, MI 2.0 1.0 1038 $950 $0.92 6d 1 1.46mi
12716 Riad St Detroit, MI 3.0 1.0 974 $1,275 $1.31 18d 1 1.46mi

Listing history 50 events

  1. 2026-06-21
    days on market $90,000 Active 32 DOM
  2. 2026-06-18
    days on market $90,000 Active 29 DOM
  3. 2026-06-17
    days on market $90,000 Active 28 DOM
  4. 2026-06-15
    days on market $90,000 Active 26 DOM
  5. 2026-06-13
    days on market $90,000 Active 24 DOM
  6. 2026-06-13
    days on market $90,000 Active 23 DOM
  7. 2026-06-09
    days on market $90,000 Active 20 DOM
  8. 2026-06-08
    days on market $90,000 Active 19 DOM
  9. 2026-06-07
    days on market $90,000 Active 18 DOM
  10. 2026-06-04
    days on market $90,000 Active 15 DOM
  11. 2026-06-03
    days on market $90,000 Active 14 DOM
  12. 2026-06-02
    days on market $90,000 Active 13 DOM
  13. 2026-06-01
    days on market $90,000 Active 12 DOM
  14. 2026-05-31
    days on market $90,000 Active 11 DOM
  15. 2026-05-19
    listed $90,000 Active
    Show marketing remark (1057 chars)

    Turnkey Detroit Investment Opportunity! This beautifully renovated 3-bedroom, 1-bath all-brick bungalow on Detroit's east side is the perfect addition to any investor's portfolio. Renovated in 2025, the property features updated finishes while maintaining its classic brick charm. Currently tenant-occupied at $1,050/month on a month-to-month lease, offering immediate cash flow from day one with additional upside potential through future rent increases over time. The tenant is current on all payments, takes pride in the home, and would like to remain in place for added stability. Professionally managed by a local property management company, giving buyers the flexibility to retain management for a seamless transition or self-manage the asset. Whether you're a seasoned investor or just getting started, this is a solid income-producing property with strong rental potential in a growing Detroit market. Subject to tenants right. Please do not disturb the tenants. No showings without an accepted offer. Photos were taken before the tenants moved in.

  16. 2026-05-19
    listed $90,000 Active 1057-char remark
    Show marketing remark (1057 chars)

    Turnkey Detroit Investment Opportunity! This beautifully renovated 3-bedroom, 1-bath all-brick bungalow on Detroit's east side is the perfect addition to any investor's portfolio. Renovated in 2025, the property features updated finishes while maintaining its classic brick charm. Currently tenant-occupied at $1,050/month on a month-to-month lease, offering immediate cash flow from day one with additional upside potential through future rent increases over time. The tenant is current on all payments, takes pride in the home, and would like to remain in place for added stability. Professionally managed by a local property management company, giving buyers the flexibility to retain management for a seamless transition or self-manage the asset. Whether you're a seasoned investor or just getting started, this is a solid income-producing property with strong rental potential in a growing Detroit market. Subject to tenants right. Please do not disturb the tenants. No showings without an accepted offer. Photos were taken before the tenants moved in.

  17. 2025-10-11
    historical $1,050
  18. 2025-09-11
    price $1,050
  19. 2025-08-09
    price $1,100
  20. 2025-08-09
    price $1,200
  21. 2025-08-08
    price $1,100
  22. 2025-07-21
    listed $1,200
  23. 2025-04-07
    soldstatus $65,400
  24. 2025-03-28
    soldstatus $65,400 Closed 812-char remark
    Show marketing remark (812 chars)

    UPDATED MONEY MAKER * * HIGH ROI * * Charming ALL-BRICK bungalow in a quiet neighborhood on Detroit's Eastside. Home features gorgeous hardwood throughout, a large welcoming living room, dining room, spacious kitchen and upper master bedroom with sitting room. Outside, find great curb appeal, 3D Roof and vinyl windows. Gorgeous all brick block with well manicured lawns. Fenced yard for privacy and entertaining. Located in a great area close to schools, dinning, highways and more. This one is always in demand. Great for families because of location to parks and schools. Call/Text for more information. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Furnace and water tank will be installed prior to inspection.

  25. 2025-03-28
    soldstatus $65,400 Closed
    Show marketing remark (812 chars)

    UPDATED MONEY MAKER * * HIGH ROI * * Charming ALL-BRICK bungalow in a quiet neighborhood on Detroit's Eastside. Home features gorgeous hardwood throughout, a large welcoming living room, dining room, spacious kitchen and upper master bedroom with sitting room. Outside, find great curb appeal, 3D Roof and vinyl windows. Gorgeous all brick block with well manicured lawns. Fenced yard for privacy and entertaining. Located in a great area close to schools, dinning, highways and more. This one is always in demand. Great for families because of location to parks and schools. Call/Text for more information. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Furnace and water tank will be installed prior to inspection.

  26. 2025-03-24
    status Pending
    Show marketing remark (812 chars)

    UPDATED MONEY MAKER * * HIGH ROI * * Charming ALL-BRICK bungalow in a quiet neighborhood on Detroit's Eastside. Home features gorgeous hardwood throughout, a large welcoming living room, dining room, spacious kitchen and upper master bedroom with sitting room. Outside, find great curb appeal, 3D Roof and vinyl windows. Gorgeous all brick block with well manicured lawns. Fenced yard for privacy and entertaining. Located in a great area close to schools, dinning, highways and more. This one is always in demand. Great for families because of location to parks and schools. Call/Text for more information. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Furnace and water tank will be installed prior to inspection.

  27. 2025-03-24
    status Pending 812-char remark
    Show marketing remark (812 chars)

    UPDATED MONEY MAKER * * HIGH ROI * * Charming ALL-BRICK bungalow in a quiet neighborhood on Detroit's Eastside. Home features gorgeous hardwood throughout, a large welcoming living room, dining room, spacious kitchen and upper master bedroom with sitting room. Outside, find great curb appeal, 3D Roof and vinyl windows. Gorgeous all brick block with well manicured lawns. Fenced yard for privacy and entertaining. Located in a great area close to schools, dinning, highways and more. This one is always in demand. Great for families because of location to parks and schools. Call/Text for more information. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Furnace and water tank will be installed prior to inspection.

  28. 2025-03-03
    price $75,000
    Show marketing remark (812 chars)

    UPDATED MONEY MAKER * * HIGH ROI * * Charming ALL-BRICK bungalow in a quiet neighborhood on Detroit's Eastside. Home features gorgeous hardwood throughout, a large welcoming living room, dining room, spacious kitchen and upper master bedroom with sitting room. Outside, find great curb appeal, 3D Roof and vinyl windows. Gorgeous all brick block with well manicured lawns. Fenced yard for privacy and entertaining. Located in a great area close to schools, dinning, highways and more. This one is always in demand. Great for families because of location to parks and schools. Call/Text for more information. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Furnace and water tank will be installed prior to inspection.

  29. 2025-03-03
    price $75,000 812-char remark
    Show marketing remark (812 chars)

    UPDATED MONEY MAKER * * HIGH ROI * * Charming ALL-BRICK bungalow in a quiet neighborhood on Detroit's Eastside. Home features gorgeous hardwood throughout, a large welcoming living room, dining room, spacious kitchen and upper master bedroom with sitting room. Outside, find great curb appeal, 3D Roof and vinyl windows. Gorgeous all brick block with well manicured lawns. Fenced yard for privacy and entertaining. Located in a great area close to schools, dinning, highways and more. This one is always in demand. Great for families because of location to parks and schools. Call/Text for more information. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Furnace and water tank will be installed prior to inspection.

  30. 2025-02-10
    listed $78,000 Active
  31. 2025-01-28
    listed $78,000 Active 812-char remark
    Show marketing remark (812 chars)

    UPDATED MONEY MAKER * * HIGH ROI * * Charming ALL-BRICK bungalow in a quiet neighborhood on Detroit's Eastside. Home features gorgeous hardwood throughout, a large welcoming living room, dining room, spacious kitchen and upper master bedroom with sitting room. Outside, find great curb appeal, 3D Roof and vinyl windows. Gorgeous all brick block with well manicured lawns. Fenced yard for privacy and entertaining. Located in a great area close to schools, dinning, highways and more. This one is always in demand. Great for families because of location to parks and schools. Call/Text for more information. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Furnace and water tank will be installed prior to inspection.

  32. 2025-01-27
    historical
  33. 2024-12-18
    historical
  34. 2024-11-22
    historical
  35. 2024-11-22
    listed $70,000 Active
  36. 2024-11-22
    listed $70,000 Active
  37. 2024-11-22
    historical
  38. 2024-07-29
    price $74,900
  39. 2024-07-29
    price $74,900
  40. 2024-06-18
    listed $78,000 Active
  41. 2024-06-18
    listed $78,000 Active
  42. 2023-10-22
    historical $925
  43. 2023-09-16
    listed $925
  44. 2021-09-29
    soldstatus $69,900
  45. 2020-08-13
    soldstatus $10,500 Sold
  46. 2020-08-13
    soldstatus $10,500 Closed
  47. 2020-08-11
    status Pending
  48. 2020-08-11
    status Pending
  49. 2020-07-22
    price $12,900
  50. 2020-07-22
    price $12,900

ⓘ 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
$770 · $64/mo
Projected year-2 tax
$1,078 · $90/mo
Expected delta
+$308/yr (+$26/mo · 40.0%)

ⓘ 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 ≥95°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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$15,358
− Mortgage interest
−$5,041
− Property taxes
−$770
− Insurance
−$450
− Repairs & maintenance
−$1,229
− Management
−$1,229
− Depreciation
−$2,618
Taxable income
$4,021
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$965
After-tax cash flow
$4,284/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)
39,668
Household income
$44,856
Rent vs Own
44.1% rent · 55.9% own
Severe rent burden
2515.0

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 (88%)
Race & ethnicity
Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
Common ancestry
Iranian 1% Romanian 1% Lithuanian 1%
Foreign-born
1%
Languages at home
97% English-only · Spanish 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
▼ -226.38%
Current HPI
161.886
Rent YoY
▲ 0.73%
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

Price history

+201.0% since first listed
47 events — show timeline
  • 2026-05-19 Listed $90,000 MiRealSource-MiMLS
  • 2026-05-19 Listed $90,000 REALCOMP
  • 2025-10-11 Rental Removed $1,050 APPFOLIO
  • 2025-09-11 Price Changed $1,050 APPFOLIO
  • 2025-08-09 Price Changed $1,100 APPFOLIO
  • 2025-08-09 Price Changed $1,200 APPFOLIO
  • 2025-08-08 Price Changed $1,100 APPFOLIO
  • 2025-07-21 Listed for Rent $1,200 APPFOLIO
  • 2025-04-07 Sold (Public Records) $65,400 Public Records
  • 2025-03-28 Sold (MLS) $65,400 MiRealSource-MiMLS
  • 2025-03-28 Sold (MLS) $65,400 REALCOMP
  • 2025-03-24 Pending MiRealSource-MiMLS
  • 2025-03-24 Pending REALCOMP
  • 2025-03-03 Price Changed $75,000 MiRealSource-MiMLS
  • 2025-03-03 Price Changed $75,000 REALCOMP
  • 2025-02-10 Listed $78,000 MiRealSource-MiMLS
  • 2025-01-28 Listed $78,000 REALCOMP
  • 2025-01-27 Listing Removed MiRealSource-MiMLS
  • 2024-12-18 Listing Removed REALCOMP
  • 2024-11-22 Listing Removed MiRealSource-MiMLS
  • 2024-11-22 Listed $70,000 REALCOMP
  • 2024-11-22 Listed $70,000 MiRealSource-MiMLS
  • 2024-11-22 Listing Removed REALCOMP
  • 2024-07-29 Price Changed $74,900 MiRealSource-MiMLS
  • 2024-07-29 Price Changed $74,900 REALCOMP
  • 2024-06-18 Listed $78,000 MiRealSource-MiMLS
  • 2024-06-18 Listed $78,000 REALCOMP
  • 2023-10-22 Rental Removed $925 APPFOLIO
  • 2023-09-16 Listed for Rent $925 APPFOLIO
  • 2021-09-29 Sold (Public Records) $69,900 Public Records
  • 2020-08-13 Sold (MLS) $10,500 MiRealSource-MiMLS
  • 2020-08-13 Sold (MLS) $10,500 REALCOMP
  • 2020-08-11 Pending MiRealSource-MiMLS
  • 2020-08-11 Pending REALCOMP
  • 2020-07-22 Price Changed $12,900 MiRealSource-MiMLS
  • 2020-07-22 Price Changed $12,900 REALCOMP
  • 2020-05-12 Listed $19,900 MiRealSource-MiMLS
  • 2020-05-12 Listed $19,900 REALCOMP
  • 2007-10-15 Sold (MLS) $25,000 REALCOMP
  • 2007-10-12 Sold (MLS) $25,000 MiRealSource-MiMLS
  • 2007-08-27 Listing Removed MiRealSource-MiMLS
  • 2007-08-09 Listing Removed REALCOMP
  • 2007-08-09 Listing Removed MiRealSource-MiMLS
  • 2007-08-09 Listed $24,900 MiRealSource-MiMLS
  • 2007-08-09 Listed $24,900 REALCOMP
  • 2007-07-18 Listed $29,900 REALCOMP
  • 2007-07-18 Listed $29,900 MiRealSource-MiMLS

Property tax history

-3.5%/yr

Latest (2025): $770 · -53.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…