22675 Santa Maria St · Detroit, MI 48219

$75,000

2 bd · 1.0 ba · 868 sqft · SingleFamily public records · 16 Days on market

Built 1948 5,663 sqft lot Est $59k · 27% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Rent growth +4.5/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW! This fully renovated 2-bedroom ranch has been transformed from top to bottom and is guaranteed to impress! Featuring a stunning open-concept feel, this home showcases a brand-new kitchen with modern finishes, an updated bathroom, new flooring throughout, fresh paint, stylish lighting, and countless upgrades inside and out. Every inch of this home has been thoughtfully updated, offering the perfect blend of comfort, style, and low-maintenance living. Whether you're a first-time homebuyer, downsizing, or looking for a turnkey investment, this move-in-ready gem checks all the boxes. Just unpack your bags and start enjoying your new home from day one!

Key facts

• Open-concept
• Fully renovated
• Fresh paint

Tags

• FULLY RENOVATED
• OPEN-CONCEPT
• BRAND-NEW KITCHEN
• UPDATED BATHROOM
• NEW FLOORING
• FRESH PAINT

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Ground-level entry with steps
• Construction: Aluminum siding
• Exterior features: Paved road access; Lot approximately 0.13 acres (40 x 148)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Crawl space basement; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% 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: 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 (+8.0%/yr); 305 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 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 + 8.0% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 27y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $36k; list at $75k implies a 110% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $73,875 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.44% ✓
• Cap rate: 11.87%
• Cash-on-cash: 19.90%
• DSCR: 1.89
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $59,024
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17770 Redfern St	0.28mi	3/1.0 (+1)	800 (-8%)	6mo	$45,000	$56	64
16555 Bramell St	0.45mi	3/1.0 (+1)	918 (+6%)	3mo	$60,000	$65	62
16525 Lamphere St	0.52mi	3/1.0 (+1)	884 (+2%)	12mo	$85,714	$97	58
16746 Bramell St	0.34mi	2/1.0	755 (-13%)	7mo	$30,000	$40	57
17727 Woodbine St	0.71mi	3/1.5 (+1)	850 (-2%)	0mo	$58,000	$68	56
16715 Rockdale St	0.53mi	3/1.5 (+1)	882 (+2%)	13mo	$87,000	$99	55
17679 Woodbine St	0.70mi	3/1.0 (+1)	850 (-2%)	6mo	$90,000	$106	54
18293 Codding St	0.52mi	3/1.0 (+1)	962 (+11%)	1mo	$30,000	$31	52
16804 Dolphin St	0.45mi	3/2.0 (+1)	943 (+9%)	10mo	$75,000	$80	48
15880 W Parkway St	0.69mi	3/1.0 (+1)	900 (+4%)	12mo	$38,500	$43	47
17670 Woodbine St	0.67mi	3/1.5 (+1)	850 (-2%)	14mo	$85,000	$100	46
23450 Margareta St	0.64mi	3/1.0 (+1)	957 (+10%)	4mo	$45,000	$47	45

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 1.75×
• Total profit: $15,739
• Equity at exit: $11,183

10-year hold

• IRR: 29.3%
• Equity multiple: 4.25×
• Total profit: $68,247
• Equity at exit: $6,485

Cash invested: $21,000 (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 48219

• Home prices YoY: -10.3%
• Rents YoY: 8.0%
• Active inventory: 305
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,079 high
• Mortgage (P&I): −$393
• Tax from tax record: −$79 /mo · $951/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $348

Break-even live

Break-even rent $638

Max offer price $75,000

Occupancy floor 63%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16885 Lahser Rd Unit 1A Detroit, MI	1.0	1.0	650	$750	$1.15	4d	1	0.47mi
16885 Lahser Rd Apt 3A Detroit, MI	1.0	1.0	700	$750	$1.07	43d	1	0.47mi
18045 Lahser Rd Detroit, MI	1.0	1.0	670	$960	$1.43	4d	2	0.47mi
17644 Lahser Rd Unit 7 Detroit, MI	1.0	1.0	600	$995	$1.66	24d	1	0.48mi
16854 Lahser Rd Detroit, MI	1.0	1.0	680	$885	$1.30	12d	1	0.51mi
16700 Lahser Rd Apt 18 Detroit, MI	2.0	1.0	750	$900	$1.20	43d	1	0.60mi
18350 Lahser Rd Detroit, MI	1.0	1.0	600	$950	$1.58	43d	1	0.61mi
16800 Telegraph Rd Detroit, MI	2.0	1.0	775	$875	$1.13	43d	1	0.62mi
18400 Lahser Rd Detroit, MI	1.0	1.0	620	$950	$1.53	24d	1	0.64mi
21440 Bennett St Detroit, MI	3.0	1.0	1037	$1,394	$1.34	16d	1	0.65mi
18450 Lahser Rd Apt 1 Detroit, MI	1.0	1.0	650	$820	$1.26	4d	1	0.66mi
21451 Glenco St Detroit, MI	3.0	1.0	1026	$1,400	$1.36	16d	1	0.67mi
17270 Bentler St Detroit, MI	2.0	1.0	650	$850	$1.31	43d	1	0.68mi
17274 Bentler St #46 Detroit, MI	2.0	1.0	700	$850	$1.21	16d	1	0.68mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$838	$1.20	24d	2	0.70mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$850	$1.21	43d	2	0.70mi
24235 W McNichols Rd Detroit, MI	1.0	1.0	700	$800	$1.14	43d	4	0.70mi
18025 Bentler St Detroit, MI	3.0	1.0	728	$1,250	$1.72	24d	1	0.70mi
24244 Dale St Unit 211 Detroit, MI	1.0	1.0	550	$800	$1.45	24d	1	0.70mi
15847 Chatham St Detroit, MI	3.0	1.0	909	$1,325	$1.46	4d	1	0.74mi
16800 Wormer St Detroit, MI	3.0	1.0	912	$1,250	$1.37	17d	1	0.76mi
21434 Karl St Detroit, MI	2.0	1.0	1000	$1,350	$1.35	43d	1	0.76mi
21455 Pickford St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	0.77mi
16131 Dale St Detroit, MI	3.0	1.0	1100	$1,500	$1.36	17d	1	0.80mi
18302 Wormer St Detroit, MI	3.0	1.0	1046	$1,475	$1.41	43d	1	0.82mi
16581 Wormer St Detroit, MI	2.0	1.0	720	$1,100	$1.53	43d	1	0.83mi
16207 Woodbine St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	4d	1	0.85mi
22570 Seven Mile W Detroit, MI	2.0	1.0	890	$875	$0.98	43d	1	0.85mi
16717 Trinity St Detroit, MI	3.0	1.5	1101	$1,250	$1.14	43d	1	0.94mi
17324 Salem St Detroit, MI	2.0	1.0	989	$1,200	$1.21	24d	1	0.97mi
24651 W McNichols Rd Detroit, MI	1.0	1.0	700	$800	$1.14	43d	4	0.97mi
18437 Trinity St Detroit, MI	3.0	1.0	875	$1,364	$1.56	14d	1	0.99mi
24224 W 7 Mile Rd Detroit, MI	1.0–2.0	1.0	600	$875	$1.46	43d	3	1.06mi
19255 Shiawassee Dr Apt 105 Detroit, MI	1.0	1.0	680	$950	$1.40	4d	1	1.06mi
19301 Shiawassee Dr Detroit, MI	1.0–2.0	1.0	740	$1,150	$1.55	43d	2	1.10mi
19250 Telegraph Rd Unit O7 Detroit, MI	2.0	1.0	820	$975	$1.19	24d	1	1.11mi
19254 Telegraph Rd Unit M5 Detroit, MI	1.0	1.0	700	$820	$1.17	14d	1	1.11mi
19248 Telegraph Rd Unit P7 Detroit, MI	2.0	1.0	820	$975	$1.19	24d	1	1.11mi
19260 Telegraph Rd Unit J2 Detroit, MI	1.0	1.0	700	$820	$1.17	43d	1	1.11mi
19276 Telegraph Rd Detroit, MI	2.0	1.0	820	$975	$1.19	43d	1	1.14mi

Listing history 13 events

1. 2026-06-18
   days on market $75,000 Active 16 DOM
2. 2026-06-17
   pricedays on market $75,000 Active 15 DOM
3. 2026-06-16
   days on market $80,000 Active 14 DOM
4. 2026-06-15
   days on market $80,000 Active 13 DOM
5. 2026-06-13
   days on market $80,000 Active 11 DOM
6. 2026-06-13
   days on market $80,000 Active 10 DOM
7. 2026-06-10
   remarks 699-char remark
8. 2026-06-09
   days on market $80,000 Active 7 DOM
9. 2026-06-08
   days on market $80,000 Active 6 DOM
10. 2026-06-07
    days on market $80,000 Active 5 DOM
11. 2026-06-04
    days on market $80,000 Active 2 DOM
12. 2026-06-02
    remarks 660-char remark

    Show marketing remark (660 chars)

    WOW! This fully renovated 2-bedroom ranch has been transformed from top to bottom and is guaranteed to impress! Featuring a stunning open-concept feel, this home showcases a brand-new kitchen with modern finishes, an updated bathroom, new flooring throughout, fresh paint, stylish lighting, and countless upgrades inside and out. Every inch of this home has been thoughtfully updated, offering the perfect blend of comfort, style, and low-maintenance living. Whether you're a first-time homebuyer, downsizing, or looking for a turnkey investment, this move-in-ready gem checks all the boxes. Just unpack your bags and start enjoying your new home from day one!

13. 2026-06-02
    listed $80,000 Active 1 DOM

    Show marketing remark (660 chars)

    WOW! This fully renovated 2-bedroom ranch has been transformed from top to bottom and is guaranteed to impress! Featuring a stunning open-concept feel, this home showcases a brand-new kitchen with modern finishes, an updated bathroom, new flooring throughout, fresh paint, stylish lighting, and countless upgrades inside and out. Every inch of this home has been thoughtfully updated, offering the perfect blend of comfort, style, and low-maintenance living. Whether you're a first-time homebuyer, downsizing, or looking for a turnkey investment, this move-in-ready gem checks all the boxes. Just unpack your bags and start enjoying your new home from day one!

ⓘ 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: $951 · $79/mo
• Projected year-2 tax: $1,053 · $88/mo
• Expected delta: +$102/yr (+$8/mo · 10.7%)

ⓘ 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 2/10 Low 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,944
• − Mortgage interest: −$4,201
• − Property taxes: −$951
• − Insurance: −$375
• − Repairs & maintenance: −$1,036
• − Management: −$1,036
• − Depreciation: −$2,182
• Taxable income: $3,164
• Est. tax owed @ 24.0%: −$759
• After-tax cash flow: $3,421/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): 47,208
• Household income: $43,655
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 3584.0

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 5% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% 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: ▼ -65.06%
• Current HPI: 563.3263
• Rent YoY: ▲ 8.04%
• 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

+60.3% since first listed

7 events — show timeline

• 2026-06-02 Listed $80,000 REALCOMP
• 2026-06-02 Listed $80,000 MiRealSource-MiMLS
• 1999-11-05 Sold (Public Records) $35,700 Public Records
• 1999-07-30 Sold (MLS) $35,000 REALCOMP
• 1999-05-08 Listing Removed — REALCOMP
• 1999-05-07 Listed $45,900 REALCOMP
• 1999-04-07 Listed $49,900 REALCOMP

Property tax history

+10.6%/yr

Latest (2025): $951 · -53.7% YoY. Source: county tax records.