9809 Philip 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 95°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
- 5 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
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.
Questions for the listing agent
- 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?
- Built in 1938 — 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.
- 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
- 1.42% ✓
- 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
- IRR
- 10.7%
- Equity multiple
- 1.41×
- Total profit
- $10,407
- Equity at exit
- $13,419
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-21days on market $90,000 Active 32 DOM
-
2026-06-18days on market $90,000 Active 29 DOM
-
2026-06-17days on market $90,000 Active 28 DOM
-
2026-06-15days on market $90,000 Active 26 DOM
-
2026-06-13days on market $90,000 Active 24 DOM
-
2026-06-13days on market $90,000 Active 23 DOM
-
2026-06-09days on market $90,000 Active 20 DOM
-
2026-06-08days on market $90,000 Active 19 DOM
-
2026-06-07days on market $90,000 Active 18 DOM
-
2026-06-04days on market $90,000 Active 15 DOM
-
2026-06-03days on market $90,000 Active 14 DOM
-
2026-06-02days on market $90,000 Active 13 DOM
-
2026-06-01days on market $90,000 Active 12 DOM
-
2026-05-31days on market $90,000 Active 11 DOM
-
2026-05-19$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.
-
2026-05-19$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.
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2025-10-11historical $1,050
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2025-09-11price $1,050
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2025-08-09price $1,100
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2025-08-09price $1,200
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2025-08-08price $1,100
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2025-07-21$1,200
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2025-04-07soldstatus $65,400
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2025-03-28soldstatus $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.
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2025-03-28soldstatus $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.
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2025-03-24status 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.
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2025-03-24status 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.
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2025-03-03price $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.
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2025-03-03price $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.
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2025-02-10$78,000 Active
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2025-01-28$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.
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2025-01-27historical
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2024-12-18historical
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2024-11-22historical
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2024-11-22$70,000 Active
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2024-11-22$70,000 Active
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2024-11-22historical
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2024-07-29price $74,900
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2024-07-29price $74,900
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2024-06-18$78,000 Active
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2024-06-18$78,000 Active
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2023-10-22historical $925
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2023-09-16$925
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2021-09-29soldstatus $69,900
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2020-08-13soldstatus $10,500 Sold
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2020-08-13soldstatus $10,500 Closed
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2020-08-11status Pending
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2020-08-11status Pending
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2020-07-22price $12,900
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2020-07-22price $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
- 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
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
- 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 |
|---|---|---|
| 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
+201.0% since first listed47 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%/yrLatest (2025): $770 · -53.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…