19312 Danbury St · Detroit, MI 48203

$147,500

4 bd · 1.0 ba · 1,264 sqft · SingleFamily public records · 1132 Days on market

Built 1928 3,049 sqft lot $117/sqft · 147% above area

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Large Highland park bungalow on a TRIPLE lot! This home features 3 bedrooms, 2 bathrooms, and over 1200 sq. ft of living space. Large fence around the property and a large driveway with plenty of space. Located right off of Woodward and close to expressway, shopping, and restaurants.

Key facts

• 3,049 sq ft lot
• Built 1928
• Listed 1132 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-and-a-half story; Ground-level entry with steps; Aluminum siding
• Construction: Aluminum siding construction
• Exterior features: Paved road access; Lot roughly 30 x 105 feet (0.07 acres)

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Unfinished basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $130k (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: 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.
• Zoned schools: Greenfield Union Elementarymiddle School (261 students, 92% FRL); Pershing High School (math 10% / reading 10%, grade F, #659 of 713 statewide, top 97%, 408 students, 89% FRL) — zoned schools at 90% FRL track the district average.
• Market conditions: 219 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $1,579/mo this rent would consume 49% of the median local household income ($38k/yr) (locally 1192% 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 $1k of loan paydown is wiped out by about $4k 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

• It's been on market 1132 days — a 12% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 3y ago; this cycle's ask is 9% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 1132 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.07% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.62%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (median comp): $59,776
• List price: $147,500
• Delta: 146.75%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
400 Annin St	0.16mi	3/1.0 (-1)	1,187 (-6%)	5mo	$59,000	$50	74
19632 Coventry St	0.33mi	4/1.0	1,300 (+3%)	8mo	$80,000	$62	73
517 W Hollywood	0.33mi	3/2.5 (-1)	1,200 (-5%)	2mo	$110,000	$92	63
19396 Keating St	0.32mi	3/2.0 (-1)	1,300 (+3%)	12mo	$115,578	$89	61
140 W Margaret St	0.57mi	3/1.0 (-1)	1,258 (-0%)	8mo	$23,000	$18	61
19640 Yacama Rd	0.53mi	3/1.0 (-1)	1,156 (-8%)	1mo	$15,000	$13	55
19420 Yacama Rd	0.49mi	3/1.0 (-1)	1,174 (-7%)	13mo	$12,000	$10	49
19189 Keating St	0.29mi	3/2.0 (-1)	1,438 (+14%)	17mo	$85,000	$59	40
18906 Hawthorne St	0.74mi	3/1.0 (-1)	1,152 (-9%)	18mo	$45,000	$39	31
18906 HAWTHORNE St	0.74mi	3/1.0 (-1)	1,152 (-9%)	18mo	$45,000	$39	31
19269 Hawthorne St	0.67mi	3/1.0 (-1)	1,144 (-10%)	21mo	$62,000	$54	31
194 E Savannah St	0.74mi	3/2.0 (-1)	1,344 (+6%)	22mo	$179,000	$133	27

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-9,357
• Equity at exit: $21,993

10-year hold

• IRR: 3.6%
• Equity multiple: 1.26×
• Total profit: $10,646
• Equity at exit: $12,753

Cash invested: $41,300 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48203

• Home prices YoY: -23.3%
• Active inventory: 219
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,579 high
• Mortgage (P&I): −$774
• Tax est. 1.5%: −$184 /mo · $2,212/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $228

Break-even live

Break-even rent $1,290

Max offer price $147,500

Occupancy floor 81%

Sensitivity live

Price	-10% $330	-5% $279	+0% $228	+5% $177	+10% $126
Rent	-10% $103	-5% $166	+0% $228	+5% $290	+10% $353
Rate	-1.0pp $302	-0.5pp $265	base $228	+0.5pp $190	+1.0pp $151

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: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19703 Keating St Highland Park, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	0.37mi
574 W Golden Gate Highland Park, MI	3.0	1.0	1315	$1,300	$0.99	45d	1	0.47mi
329 W Muir Ave Hazel Park, MI	4.0	2.0	1606	$2,000	$1.25	12d	1	0.87mi
1330 E Chesterfield St Ferndale, MI	4.0	2.0	1795	$2,800	$1.56	0d	1	0.96mi
20008 Hull St Highland Park, MI	5.0	2.0	1332	$1,600	$1.20	18d	1	0.99mi
407 E Hayes Ave Hazel Park, MI	3.0	1.0	1000	$1,750	$1.75	26d	1	1.04mi
18503 Riopelle St Highland Park, MI	3.0	1.0	1254	$1,250	$1.00	6d	1	1.09mi
429 E Milton Ave Hazel Park, MI	3.0	2.0	1075	$1,595	$1.48	1d	1	1.10mi
1301 E Muir Ave Hazel Park, MI	3.0	2.0	1236	$1,600	$1.29	23d	1	1.19mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI	3.0	1.0	1033	$5,281	$5.11	0d	1	1.19mi
101 Stevens St Highland Park, MI	3.0	1.5	1152	$1,600	$1.39	19d	1	1.26mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	18d	1	1.31mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	26d	1	1.40mi
242 Ferris St Highland Park, MI	3.0	1.0	1192	$1,275	$1.07	1d	1	1.45mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,448	$5.88	0d	1	1.47mi

Listing history 43 events

1. 2026-06-21
   days on market $147,500 Active 1132 DOM
2. 2026-06-18
   days on market $147,500 Active 1129 DOM
3. 2026-06-17
   days on market $147,500 Active 1128 DOM
4. 2026-06-15
   days on market $147,500 Active 1126 DOM
5. 2026-06-13
   days on market $147,500 Active 1124 DOM
6. 2026-06-13
   days on market $147,500 Active 1123 DOM
7. 2026-06-09
   days on market $147,500 Active 1120 DOM
8. 2026-06-08
   days on market $147,500 Active 1119 DOM
9. 2026-06-07
   days on market $147,500 Active 1118 DOM
10. 2026-06-04
    days on market $147,500 Active 1115 DOM
11. 2026-06-03
    days on market $147,500 Active 1114 DOM
12. 2026-06-01
    days on market $147,500 Active 1112 DOM
13. 2026-05-31
    days on market $147,500 Active 1111 DOM
14. 2024-09-05
    historical
15. 2024-09-05
    historical
16. 2024-09-01
    price $147,500
17. 2024-09-01
    price $147,500
18. 2024-09-01
    price $147,500
19. 2024-09-01
    price $147,500
20. 2024-06-26
    price $148,000
21. 2024-06-26
    price $148,000
22. 2024-06-22
    price $148,000
23. 2024-06-21
    price $148,000
24. 2024-04-14
    price $149,000
25. 2024-04-14
    price $149,000
26. 2024-04-14
    price $149,000
27. 2024-04-14
    price $149,000
28. 2023-07-11
    price $150,000
29. 2023-07-11
    price $150,000
30. 2023-07-02
    status Active
31. 2023-07-02
    status Active
32. 2023-07-02
    status Active
33. 2023-07-02
    status Active
34. 2023-05-02
    status Pending
35. 2023-05-02
    status Pending
36. 2023-05-02
    status Pending
37. 2023-05-02
    status Pending
38. 2023-05-01
    price $150,000
39. 2023-05-01
    price $150,000
40. 2023-03-21
    listed $135,000 Active
41. 2023-03-21
    listed $135,000 Active
42. 2023-03-16
    listed $135,000 Active
43. 2023-03-16
    listed $135,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,947
• − Mortgage interest: −$8,262
• − Property taxes: −$2,212
• − Insurance: −$738
• − Repairs & maintenance: −$1,516
• − Management: −$1,516
• − Depreciation: −$4,291
• Taxable income: $412
• Est. tax owed @ 24.0%: −$99
• After-tax cash flow: $2,637/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): 20,049
• Household income: $38,404
• Rent vs Own: 48.7% rent · 51.3% own
• Severe rent burden: 1192.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -90.13%
• Current HPI: 297.0176
• Rent YoY: —
• 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

+9.3% since first listed

30 events — show timeline

• 2024-09-05 Listing Removed — MiRealSource-MiMLS
• 2024-09-05 Listing Removed — REALCOMP
• 2024-09-01 Price Changed $147,500 MiRealSource-MiMLS
• 2024-09-01 Price Changed $147,500 MiRealSource-MiMLS
• 2024-09-01 Price Changed $147,500 REALCOMP
• 2024-09-01 Price Changed $147,500 REALCOMP
• 2024-06-26 Price Changed $148,000 MiRealSource-MiMLS
• 2024-06-26 Price Changed $148,000 REALCOMP
• 2024-06-22 Price Changed $148,000 MiRealSource-MiMLS
• 2024-06-21 Price Changed $148,000 REALCOMP
• 2024-04-14 Price Changed $149,000 MiRealSource-MiMLS
• 2024-04-14 Price Changed $149,000 MiRealSource-MiMLS
• 2024-04-14 Price Changed $149,000 REALCOMP
• 2024-04-14 Price Changed $149,000 REALCOMP
• 2023-07-11 Price Changed $150,000 MiRealSource-MiMLS
• 2023-07-11 Price Changed $150,000 REALCOMP
• 2023-07-02 Relisted — MiRealSource-MiMLS
• 2023-07-02 Relisted — MiRealSource-MiMLS
• 2023-07-02 Relisted — REALCOMP
• 2023-07-02 Relisted — REALCOMP
• 2023-05-02 Pending — MiRealSource-MiMLS
• 2023-05-02 Pending — MiRealSource-MiMLS
• 2023-05-02 Pending — REALCOMP
• 2023-05-02 Pending — REALCOMP
• 2023-05-01 Price Changed $150,000 MiRealSource-MiMLS
• 2023-05-01 Price Changed $150,000 REALCOMP
• 2023-03-21 Listed $135,000 MiRealSource-MiMLS
• 2023-03-21 Listed $135,000 REALCOMP
• 2023-03-16 Listed $135,000 MiRealSource-MiMLS
• 2023-03-16 Listed $135,000 REALCOMP

Property tax history

-16.4%/yr

Latest (2025): $130 · +4.0% YoY. Source: county tax records.