9234 Whitcomb St · Detroit, MI 48228

$55,500

3 bd · 1.0 ba · 1,020 sqft · SingleFamily public records · 245 Days on market

Built 1941 3,485 sqft lot Est $63k · 12% under

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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
• ARV discount +13.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

Key facts

• Finish basement
• Updated kitchen
• Access to stores

Tags

• UPDATED KITCHEN
• FINISH BASEMENT
• ACCESS TO STORES
• ACCESS TO EXPRESSWAYS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $56k.

Deal economics

• At list price, monthly cash flow is $612 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $56k).
• Recommended offer: $49k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.5% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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 soft (-2.3%/yr); 363 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).
• At $1,328/mo this rent would consume 52% of the median local household income ($31k/yr) (locally 4144% 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 $384 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $16k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 245 days — a 12% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 29y ago; this cycle's ask has dropped $14k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $56k implies a 561% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $48,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 245 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 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.39% ✓
• Cap rate: 19.53%
• Cash-on-cash: 47.27%
• DSCR: 3.10
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $63,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8871 Sussex St	0.23mi	3/1.0	1,049 (+3%)	1mo	$118,000	$112	84
9599 Whitcomb St	0.30mi	3/1.0	1,060 (+4%)	1mo	$55,000	$52	79
9555 Montrose St	0.37mi	3/1.0	999 (-2%)	3mo	$45,000	$45	77
9606 Sussex St	0.31mi	3/2.0	1,060 (+4%)	4mo	$76,000	$72	72
9930 Whitcomb St	0.41mi	3/1.0	1,078 (+6%)	2mo	$35,000	$32	70
8254 Sussex St	0.57mi	3/1.0	1,006 (-1%)	3mo	$108,000	$107	69
8160 Sussex St	0.65mi	3/1.0	960 (-6%)	1mo	$58,000	$60	59
9910 Coyle St	0.40mi	3/1.0	904 (-11%)	4mo	$56,000	$62	59
8348 Terry St	0.53mi	3/1.0	932 (-9%)	4mo	$82,500	$89	58
9909 Asbury Park	0.74mi	3/1.0	1,095 (+7%)	1mo	$95,000	$87	52
9580 Mansfield St	0.51mi	2/1.0 (-1)	890 (-13%)	0mo	$23,000	$26	50
8255 Marlowe St	0.65mi	3/1.0	915 (-10%)	4mo	$27,400	$30	50

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 41.0%
• Equity multiple: 2.68×
• Total profit: $26,153
• Equity at exit: $8,275

10-year hold

• IRR: 45.8%
• Equity multiple: 4.74×
• Total profit: $58,150
• Equity at exit: $4,799

Cash invested: $15,540 (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 48228

• Rents YoY: -2.3%
• Active inventory: 363
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,328 high
• Mortgage (P&I): −$291
• Tax from tax record: −$123 /mo · $1,470/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $612

Break-even live

Break-even rent $553

Max offer price $55,500

Occupancy floor 49%

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: $13,875
• Closing costs: $1,665
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9386 Coyle St Detroit, MI	3.0	1.0	1000	$1,300	$1.30	2d	1	0.16mi
9546 Sussex St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	44d	1	0.23mi
9222 Forrer St Detroit, MI	3.0	1.0	947	$1,450	$1.53	17d	1	0.26mi
9501 Lauder St Detroit, MI	3.0	2.0	1152	$1,350	$1.17	44d	1	0.32mi
14740 W Chicago Unit B Detroit, MI	2.0	1.0	900	$845	$0.94	44d	1	0.34mi
9917 Sussex St Detroit, MI	2.0	1.0	800	$1,375	$1.72	44d	1	0.36mi
8604 Whitcomb St Detroit, MI	3.0	2.0	1033	$1,300	$1.26	44d	1	0.39mi
9345 Rutherford St Unit 3 Detroit, MI	2.0	1.0	850	$1,050	$1.24	24d	1	0.41mi
9220 Mansfield St Detroit, MI	3.0	1.0	1200	$1,300	$1.08	44d	1	0.43mi
9590 Marlowe St Detroit, MI	2.0	1.0	877	$1,430	$1.63	44d	1	0.43mi
9936 Montrose St Detroit, MI	3.0	1.0	963	$1,200	$1.25	17d	1	0.44mi
9973 Winthrop St Detroit, MI	3.0	1.0	960	$1,400	$1.46	44d	1	0.45mi
10015 Robson St Detroit, MI	3.0	2.0	1000	$1,400	$1.40	18d	1	0.48mi
9589 Mansfield St Detroit, MI	4.0	1.0	1250	$1,500	$1.20	5d	1	0.51mi
8331 Whitcomb St Detroit, MI	4.0	1.0	1342	$1,350	$1.01	22d	1	0.53mi
11345 Greenfield Rd Detroit, MI	2.0	1.0	700	$1,050	$1.50	12d	1	0.56mi
11393 Prest St Detroit, MI	3.0	1.0	900	$1,550	$1.72	17d	1	0.60mi
11397 Whitcomb St Detroit, MI	3.0	1.0	1070	$1,400	$1.31	17d	1	0.60mi
8212 Lauder St Detroit, MI	3.0	1.0	1026	$1,150	$1.12	44d	1	0.70mi
11431 Marlowe St Detroit, MI	3.0	1.0	1172	$1,400	$1.19	17d	1	0.71mi
11634 Sussex St Detroit, MI	3.0	1.0	1091	$1,326	$1.22	24d	1	0.71mi
8047 Robson St Detroit, MI	3.0	2.0	1184	$1,200	$1.01	44d	1	0.79mi
8114 Marlowe St Unit home Detroit, MI	3.0	1.0	985	$1,350	$1.37	44d	1	0.80mi
11641 Mansfield St Unit 2 Detroit, MI	3.0	1.0	1449	$1,300	$0.90	44d	1	0.84mi
12014 Terry St Detroit, MI	2.0	1.0	1361	$1,200	$0.88	44d	1	0.87mi
12039 Lauder St Detroit, MI	3.0	1.5	1000	$1,500	$1.50	24d	1	0.90mi
10030 Abington Ave Detroit, MI	4.0	2.0	1350	$1,475	$1.09	11d	1	0.91mi
13717 Keal St Detroit, MI	2.0	1.0	799	$1,000	$1.25	44d	1	0.93mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	44d	1	0.97mi
12121 Montrose St Detroit, MI	3.0	1.0	874	$1,373	$1.57	22d	1	0.97mi
9108 Archdale St Detroit, MI	3.0	1.0	1000	$1,300	$1.30	5d	1	1.03mi
9355 Ward St Detroit, MI	3.0	1.0	1200	$1,327	$1.11	44d	1	1.13mi
7419 Rutherford St Detroit, MI	2.0	1.0	981	$1,150	$1.17	15d	1	1.20mi
8850 Rosemont Ave Detroit, MI	3.0	1.0	933	$1,100	$1.18	18d	1	1.25mi
7312 Mansfield St Detroit, MI	4.0	1.0	1300	$1,400	$1.08	17d	1	1.28mi
8451 Rosemont Ave Detroit, MI	3.0	1.0	867	$1,150	$1.33	44d	1	1.35mi
18450 W Chicago Detroit, MI	1.0–2.0	1.0	687	$1,117	$1.62	2d	15	1.35mi
12754 Marlowe St Detroit, MI	3.0	2.0	1008	$1,400	$1.39	17d	1	1.36mi
8262 Rosemont Ave Detroit, MI	3.0	1.0	836	$1,200	$1.44	5d	1	1.37mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	44d	1	1.43mi

Listing history 20 events

1. 2026-06-01
   days on market $55,500 Active 245 DOM
2. 2026-05-31
   days on market $55,500 Active 244 DOM
3. 2025-12-13
   price $55,500 283-char remark

   Show marketing remark (283 chars)

   Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

4. 2025-12-12
   price $55,500 286-char remark

   Show marketing remark (286 chars)

   Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

5. 2025-11-05
   price $65,900 283-char remark

   Show marketing remark (286 chars)

   Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

6. 2025-11-05
   price $65,900 286-char remark

   Show marketing remark (286 chars)

   Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

7. 2025-10-04
   price $72,500 283-char remark

   Show marketing remark (283 chars)

   Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

8. 2025-10-03
   price $72,500 286-char remark

   Show marketing remark (286 chars)

   Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

9. 2025-09-29
   listed $69,500 Active 286-char remark

   Show marketing remark (283 chars)

   Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

10. 2025-09-29
    listed $69,500 Active 283-char remark

    Show marketing remark (283 chars)

    Very nice three bedroom bungalow, plenty of closet space, updated kitchen and bath, finish basement. new wiring through-out house. Excellent starter home, or purchase for addition income. Selling " As Is " Easy access to stores and expressways. Email all reasonable offers.

11. 2008-05-30
    soldstatus $8,400
12. 2008-01-11
    listed $20,000
13. 2007-11-30
    historical
14. 2007-05-31
    listed $97,500
15. 2003-06-23
    soldstatus $97,000
16. 2003-04-30
    soldstatus $97,000
17. 2003-02-11
    listed $97,000
18. 1997-06-23
    soldstatus $49,000
19. 1997-05-05
    soldstatus $49,000
20. 1997-03-10
    listed $49,000

ⓘ 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: $1,470 · $123/mo
• Projected year-2 tax: $1,470 · $123/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 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 14 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

Taxation est. · year 1

• Rental income: $15,931
• − Mortgage interest: −$3,109
• − Property taxes: −$1,470
• − Insurance: −$278
• − Repairs & maintenance: −$1,274
• − Management: −$1,274
• − Depreciation: −$1,615
• Taxable income: $6,911
• Est. tax owed @ 24.0%: −$1,659
• After-tax cash flow: $5,686/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): 50,117
• Household income: $30,680
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 4144.0

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 (71%)
• Race & ethnicity: Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Arab 2% Romanian 2% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 11% Spanish 5%

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: ▼ -160.81%
• Current HPI: 168.6843
• Rent YoY: ▼ -2.30%
• 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

+13.3% since first listed

18 events — show timeline

• 2025-12-13 Price Changed $55,500 MiRealSource-MiMLS
• 2025-12-12 Price Changed $55,500 REALCOMP
• 2025-11-05 Price Changed $65,900 MiRealSource-MiMLS
• 2025-11-05 Price Changed $65,900 REALCOMP
• 2025-10-04 Price Changed $72,500 MiRealSource-MiMLS
• 2025-10-03 Price Changed $72,500 REALCOMP
• 2025-09-29 Listed $69,500 REALCOMP
• 2025-09-29 Listed $69,500 MiRealSource-MiMLS
• 2008-05-30 Sold (MLS) $8,400 REALCOMP
• 2008-01-11 Listed $20,000 REALCOMP
• 2007-11-30 Listing Removed — REALCOMP
• 2007-05-31 Listed $97,500 REALCOMP
• 2003-06-23 Sold (Public Records) $97,000 Public Records
• 2003-04-30 Sold (MLS) $97,000 REALCOMP
• 2003-02-11 Listed $97,000 REALCOMP
• 1997-06-23 Sold (Public Records) $49,000 Public Records
• 1997-05-05 Sold (MLS) $49,000 REALCOMP
• 1997-03-10 Listed $49,000 REALCOMP

Property tax history

-0.3%/yr

Latest (2025): $1,470 · -54.1% YoY. Source: county tax records.