2979 Tuxedo St · Detroit, MI 48206

$100,000

6 bd · 2.5 ba · 2,510 sqft · Townhouse public records · 382 Days on market

Built 1924 0.57 ac lot $40/sqft · 99% above area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

Key facts

• 0.57 acre lot
• Garage
• Built 1924

What this means for you Summary

Snapshot

• This is a 6-bed/2.5-bath townhouse listed at $100k.

Deal economics

• At list price, monthly cash flow is $959 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.8% vs local median 10.1% 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 rising fast (+5.2%/yr); 273 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $2,252/mo this rent would consume 60% of the median local household income ($45k/yr) (locally 646% 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 $691 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 + 5.2% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 382 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 2y ago; this cycle's ask has dropped $19k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $100k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 382 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 1924 — 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: 2.25% ✓
• Cap rate: 17.81%
• Cash-on-cash: 41.12%
• DSCR: 2.83
• GRM: 3.7

CMA / ARV

• ARV (median comp): $50,294
• List price: $100,000
• Delta: 98.83%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.2% rent growth · sell at horizon

5-year hold

• IRR: 40.4%
• Equity multiple: 2.79×
• Total profit: $50,110
• Equity at exit: $14,910

10-year hold

• IRR: 47.8%
• Equity multiple: 6.17×
• Total profit: $144,644
• Equity at exit: $8,646

Cash invested: $28,000 (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 48206

• Rents YoY: 5.2%
• Active inventory: 273
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $2,252 high
• Mortgage (P&I): −$524
• Tax from tax record: −$253 /mo · $3,041/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $959

Break-even live

Break-even rent $1,037

Max offer price $100,000

Occupancy floor 52%

Sensitivity live

Price	-10% $1,016	-5% $988	+0% $959	+5% $931	+10% $903
Rent	-10% $782	-5% $870	+0% $959	+5% $1,048	+10% $1,137
Rate	-1.0pp $1,010	-0.5pp $985	base $959	+0.5pp $934	+1.0pp $907

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1699 Glynn Ct Detroit, MI	5.0	3.5	2542	$2,500	$0.98	22d	1	0.92mi
8951 La Salle Blvd Detroit, MI	5.0	2.5	2440	$2,500	$1.02	15d	1	0.97mi
2509 Gladstone St Unit NA Detroit, MI	6.0	3.0	3008	$2,000	$0.66	11d	1	1.06mi
13225 Santa Rosa Dr Detroit, MI	5.0	2.0	2100	$1,700	$0.81	6d	1	1.15mi
2028 Gladstone St Unit 1 Detroit, MI	5.0	2.0	2500	$2,850	$1.14	4d	1	1.17mi
3799 W Philadelphia St Detroit, MI	5.0	2.0	2200	$1,650	$0.75	17d	1	1.28mi

Listing history 50 events

1. 2026-06-21
   days on market $100,000 Active 382 DOM
2. 2026-06-19
   remarks 586-char remark
3. 2026-06-18
   days on market $100,000 Active 379 DOM
4. 2026-06-17
   status $100,000 Active 378 DOM
5. 2026-06-17
   days on market $100,000 Active Under Contract 378 DOM
6. 2026-06-15
   statusdays on market $100,000 Active Under Contract 376 DOM
7. 2026-06-13
   days on market $100,000 Active 374 DOM
8. 2026-06-13
   days on market $100,000 Active 373 DOM
9. 2026-06-09
   days on market $100,000 Active 370 DOM
10. 2026-06-08
    days on market $100,000 Active 369 DOM
11. 2026-06-07
    days on market $100,000 Active 368 DOM
12. 2026-06-04
    days on market $100,000 Active 365 DOM
13. 2026-06-03
    days on market $100,000 Active 364 DOM
14. 2026-06-01
    days on market $100,000 Active 362 DOM
15. 2026-05-31
    days on market $100,000 Active 361 DOM
16. 2026-05-11
    price $112,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

17. 2026-05-11
    price $112,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

18. 2026-04-25
    price $115,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

19. 2026-04-25
    price $115,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

20. 2026-04-01
    price $124,900 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

21. 2026-04-01
    price $124,900 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

22. 2026-03-27
    status Active 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

23. 2026-03-27
    historical 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

24. 2026-03-11
    price $129,900 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

25. 2026-03-11
    price $129,900 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

26. 2026-02-06
    price $145,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

27. 2026-02-05
    price $145,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

28. 2025-11-27
    price $112,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

29. 2025-11-26
    price $112,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

30. 2025-11-15
    price $115,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

31. 2025-11-14
    price $115,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

32. 2025-08-26
    price $119,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

33. 2025-08-25
    price $119,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

34. 2025-08-11
    status Active 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

35. 2025-08-11
    status Active 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

36. 2025-07-22
    status Pending 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

37. 2025-07-22
    status Pending 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

38. 2025-06-26
    historical Accepting Backup Offers 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

39. 2025-06-25
    historical Active Under Contract 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

40. 2025-05-19
    status Pending 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

41. 2025-05-19
    status Pending 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

42. 2025-05-07
    price $125,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

43. 2025-05-06
    price $125,000 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

44. 2025-04-29
    status Active 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

45. 2025-04-29
    status Active 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

46. 2025-04-22
    status Pending 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

47. 2025-04-22
    historical 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

48. 2025-04-18
    status Pending 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

49. 2025-04-18
    status Pending 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

50. 2025-03-28
    listed $119,000 Active 453-char remark

    Show marketing remark (453 chars)

    Chance to own a "diamond in the rough" in an area being restored. Solid brick, 2 family flat, with porches and a 1 car garage, Perfect as a rental, or suitable for a large family. Property has had work done. Still needs TLC and finishing touches. Immediate possession. Current proof of funds needed. CASH OFFERS ONLY. , Sold "AS IS" Suggestion: Bring your contractor who can give you real numbers to make this property a real winner.

ⓘ 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: $3,041 · $253/mo
• Projected year-2 tax: $3,041 · $253/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 3/10 Moderate FEMA zone X (unshaded) · 10% 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: $27,022
• − Mortgage interest: −$5,602
• − Property taxes: −$3,041
• − Insurance: −$500
• − Repairs & maintenance: −$2,162
• − Management: −$2,162
• − Depreciation: −$2,909
• Taxable income: $10,647
• Est. tax owed @ 24.0%: −$2,555
• After-tax cash flow: $8,958/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): 15,227
• Household income: $45,046
• Rent vs Own: 46.4% rent · 53.6% own
• Severe rent burden: 646.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 3% Romanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 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: ▼ -139.60%
• Current HPI: 130.9545
• Rent YoY: ▲ 5.20%
• 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

+124.0% since first listed

55 events — show timeline

• 2026-05-11 Price Changed $112,000 MiRealSource-MiMLS
• 2026-05-11 Price Changed $112,000 REALCOMP
• 2026-04-25 Price Changed $115,000 MiRealSource-MiMLS
• 2026-04-25 Price Changed $115,000 REALCOMP
• 2026-04-01 Price Changed $124,900 MiRealSource-MiMLS
• 2026-04-01 Price Changed $124,900 REALCOMP
• 2026-03-27 Relisted — REALCOMP
• 2026-03-27 Listing Removed — REALCOMP
• 2026-03-11 Price Changed $129,900 MiRealSource-MiMLS
• 2026-03-11 Price Changed $129,900 REALCOMP
• 2026-02-06 Price Changed $145,000 MiRealSource-MiMLS
• 2026-02-05 Price Changed $145,000 REALCOMP
• 2025-11-27 Price Changed $112,000 MiRealSource-MiMLS
• 2025-11-26 Price Changed $112,000 REALCOMP
• 2025-11-15 Price Changed $115,000 MiRealSource-MiMLS
• 2025-11-14 Price Changed $115,000 REALCOMP
• 2025-08-26 Price Changed $119,000 MiRealSource-MiMLS
• 2025-08-25 Price Changed $119,000 REALCOMP
• 2025-08-11 Relisted — MiRealSource-MiMLS
• 2025-08-11 Relisted — REALCOMP
• 2025-07-22 Pending — REALCOMP
• 2025-07-22 Pending — MiRealSource-MiMLS
• 2025-06-26 Contingent — MiRealSource-MiMLS
• 2025-06-25 Contingent — REALCOMP
• 2025-05-19 Pending — MiRealSource-MiMLS
• 2025-05-19 Pending — REALCOMP
• 2025-05-07 Price Changed $125,000 MiRealSource-MiMLS
• 2025-05-06 Price Changed $125,000 REALCOMP
• 2025-04-29 Relisted — MiRealSource-MiMLS
• 2025-04-29 Relisted — REALCOMP
• 2025-04-22 Pending — REALCOMP
• 2025-04-22 Listing Removed — REALCOMP
• 2025-04-18 Pending — MiRealSource-MiMLS
• 2025-04-18 Pending — REALCOMP
• 2025-03-28 Listed $119,000 MiRealSource-MiMLS
• 2025-03-28 Listed $119,000 REALCOMP
• 2025-03-26 Coming Soon $119,000 MiRealSource-MiMLS
• 2025-03-26 Listing Removed — REALCOMP
• 2024-12-04 Listing Removed — REALCOMP
• 2024-12-04 Listing Removed — MiRealSource-MiMLS
• 2024-11-07 Price Changed $131,500 MiRealSource-MiMLS
• 2024-11-06 Price Changed $131,500 REALCOMP
• 2024-11-06 Relisted — MiRealSource-MiMLS
• 2024-11-06 Relisted — REALCOMP
• 2024-09-25 Pending — MiRealSource-MiMLS
• 2024-09-25 Pending — REALCOMP
• 2024-07-25 Price Changed $124,900 MiRealSource-MiMLS
• 2024-07-24 Price Changed $124,900 REALCOMP
• 2024-06-18 Price Changed $129,900 MiRealSource-MiMLS
• 2024-06-17 Price Changed $129,900 REALCOMP
• 2024-05-22 Listed $139,000 REALCOMP
• 2024-05-22 Listed $139,000 MiRealSource-MiMLS
• 2024-04-10 Rental Removed $950 APPFOLIO
• 2024-01-04 Listed for Rent $950 APPFOLIO
• 2023-05-30 Sold (Public Records) $50,000 Public Records

Property tax history

+8.9%/yr

Latest (2025): $3,041 · -10.3% YoY. Source: county tax records.