20522 Tracey St · Detroit, MI 48235

$134,000

3 bd · 1.0 ba · 893 sqft · SingleFamily public records · 88 Days on market

Built 1949 5,227 sqft lot

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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 +23.4/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 1.5-bath bungalow located along iconic 8 Mile in Detroit! Step inside to a bright semi-open kitchen and living room concept, creating a comfortable flow for everyday living and entertaining. The spacious living area provides plenty of natural light, while the kitchen offers ample cabinet space and room to customize to your taste. Major mechanical updates include a furnace and hot water tank installed in 2019, giving you peace of mind for years to come. Whether you're looking for your next home or a smart investment, this Detroit bungalow is full of potential. Schedule your showing today!

Key facts

• 5,227 sq ft lot
• Built 1949
• Listed 87 days

Property features AI

Exterior

• Parking: Alley access; No garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Residential property; Two levels; Ground-level entry with steps
• Construction: Brick construction; Brick/mortar foundation; Built area: two levels with finished space above and below grade
• Exterior features: Enclosed porch; Porch; Back yard fencing; Fenced lot; Paved road access

Interior

• Kitchen: Free‑standing gas range; Stainless steel appliances; Microwave; Free‑standing refrigerator; Gas water heater
• Bedrooms: 6 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Partially finished basement; Awning(s); Lighting
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $248 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $134k).
• Recommended offer: $126k (6.0% 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: 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 (+3.2%/yr); 283 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• This rent runs 43% of the median local income ($39k/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 $926 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 88 days — a 6% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 22y 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 $100k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,960 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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: 1.04% ✓
• Cap rate: 8.51%
• Cash-on-cash: 7.93%
• DSCR: 1.35
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $56,259
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20242 Ward St	0.37mi	3/1.0	982 (+10%)	4mo	$80,000	$81	63
20209 Meyers Rd	0.56mi	2/1.0 (-1)	864 (-3%)	1mo	$40,000	$46	62
20428 Monte Vista St	0.68mi	3/1.0	872 (-2%)	2mo	$55,000	$63	62
21400 Parklawn St	0.51mi	3/1.0	966 (+8%)	2mo	$190,000	$197	60
20496 Mark Twain St	0.31mi	3/1.5	1,024 (+15%)	2mo	$135,000	$132	57
20218 Monte Vista St	0.69mi	3/2.0	860 (-4%)	1mo	$37,000	$43	56
20047 Monte Vista St	0.71mi	2/1.5 (-1)	877 (-2%)	1mo	$69,999	$80	56
19985 Meyers Rd	0.64mi	2/1.0 (-1)	844 (-6%)	2mo	$51,900	$61	55
20403 Manor St	0.60mi	3/2.0	968 (+8%)	2mo	$57,000	$59	52
21460 Parklawn St	0.56mi	3/1.0	1,000 (+12%)	4mo	$215,000	$215	50
20025 Hubbell St	0.56mi	3/1.0	1,022 (+14%)	1mo	$59,500	$58	49
19484 Schaefer Hwy	0.60mi	2/1.0 (-1)	1,000 (+12%)	2mo	$50,000	$50	46

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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: -4.0%
• Equity multiple: 0.85×
• Total profit: $-5,580
• Equity at exit: $19,980

10-year hold

• IRR: 6.0%
• Equity multiple: 1.45×
• Total profit: $16,860
• Equity at exit: $11,586

Cash invested: $37,520 (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 48235

• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,400 high
• Mortgage (P&I): −$703
• Tax from tax record: −$100 /mo · $1,195/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $248

Break-even live

Break-even rent $1,086

Max offer price $134,000

Occupancy floor 77%

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20245 Manor Detroit, MI	3.0	1.0	1018	$1,400	$1.38	3d	1	0.62mi
19474 Schaefer Hwy Detroit, MI	2.0	1.0	896	$1,075	$1.20	5d	1	0.63mi
20429 Monte Vista St Detroit, MI	3.0	1.0	872	$1,300	$1.49	17d	1	0.66mi
20122 Manor St Detroit, MI	3.0	1.0	1028	$1,200	$1.17	44d	1	0.68mi
21800 Coolidge Hwy Oak Park, MI	1.0–2.0	1.0	938	$1,300	$1.39	24d	3	0.69mi
21850 Coolidge Hwy #203 Oak Park, MI	3.0	2.0	1100	$1,700	$1.55	5d	1	0.72mi
21880 Coolidge Hwy #203 Oak Park, MI	2.0	1.0	938	$1,300	$1.39	24d	1	0.72mi
20032 Monte Vista St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	20d	1	0.75mi
19929 Monte Vista St Detroit, MI	3.0	1.0	860	$1,450	$1.69	17d	1	0.78mi
22108 Dante St Oak Park, MI	2.0	1.0	898	$1,250	$1.39	24d	1	0.90mi
20460 Griggs St Detroit, MI	2.0	1.0	910	$1,100	$1.21	17d	1	0.90mi
20515 Ilene St Detroit, MI	3.0	1.0	891	$1,450	$1.63	44d	1	0.93mi
22148 Dante St #211 Oak Park, MI	2.0	1.0	916	$1,475	$1.61	24d	1	0.95mi
22148 Dante St #212 Oak Park, MI	2.0	2.0	916	$1,475	$1.61	22d	1	0.95mi
22148 Dante St #211 Oak Park, MI	2.0	2.0	916	$1,475	$1.61	18d	1	0.95mi
22108 Dante St #115 Oak Park, MI	2.0	2.0	898	$1,250	$1.39	24d	1	0.96mi
14051 W Nine Mile Rd Oak Park, MI	2.0	1.0	900	$1,100	$1.22	24d	1	1.03mi
21374 Ithaca Ave Ferndale, MI	3.0	1.0	996	$1,775	$1.78	24d	1	1.09mi
20445 Kentucky St Detroit, MI	3.0	1.0	1046	$1,200	$1.15	24d	1	1.10mi
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	15d	5	1.10mi
12800 W 9 Mile Rd Oak Park, MI	1.0–2.0	1.0	775	$1,250	$1.61	24d	1	1.14mi
20185 Indiana St Detroit, MI	2.0	1.5	1096	$1,275	$1.16	44d	1	1.17mi
10400 Saratoga St Oak Park, MI	2.0	1.0	829	$1,450	$1.75	5d	1	1.17mi
20458 Indiana St Detroit, MI	3.0	1.0	1049	$1,300	$1.24	18d	1	1.18mi
18512 Schaefer Hwy Detroit, MI	2.0	1.0	962	$1,200	$1.25	24d	1	1.22mi
13600 Kenwood St Oak Park, MI	1.0–2.0	1.0	770	$1,649	$2.14	2d	26	1.25mi
18675 Meyers Rd Unit 18677 Detroit, MI	2.0	1.0	942	$1,100	$1.17	44d	1	1.25mi
20009 Wisconsin St Detroit, MI	3.0	1.5	1051	$1,400	$1.33	17d	1	1.26mi
10020 Corning St Oak Park, MI	2.0	1.0	829	$1,400	$1.69	24d	1	1.36mi
22811 Rosewood St Oak Park, MI	3.0	1.0	1000	$1,600	$1.60	24d	1	1.37mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	24d	1	1.38mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	17d	1	1.39mi
20110 Northlawn St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	17d	1	1.43mi
10050 W Nine Mile Rd Unit 18 Oak Park, MI	2.0	1.0	900	$1,000	$1.11	5d	1	1.44mi
10000 W Nine Mile Rd Unit 3 Oak Park, MI	2.0	1.0	900	$1,000	$1.11	44d	1	1.46mi

Listing history 48 events

1. 2026-06-01
   days on market $134,000 Active 88 DOM
2. 2026-05-31
   days on market $134,000 Active 87 DOM
3. 2026-03-09
   historical Accepting Backup Offers 637-char remark

   Show marketing remark (637 chars)

   Welcome to this well-maintained 3-bedroom, 1.5-bath bungalow located along iconic 8 Mile in Detroit! Step inside to a bright semi-open kitchen and living room concept, creating a comfortable flow for everyday living and entertaining. The spacious living area provides plenty of natural light, while the kitchen offers ample cabinet space and room to customize to your taste. Major mechanical updates include a furnace and hot water tank installed in 2019, giving you peace of mind for years to come. Whether you're looking for your next home or a smart investment, this Detroit bungalow is full of potential. Schedule your showing today!

4. 2026-03-09
   historical Active Under Contract

   Show marketing remark (637 chars)

   Welcome to this well-maintained 3-bedroom, 1.5-bath bungalow located along iconic 8 Mile in Detroit! Step inside to a bright semi-open kitchen and living room concept, creating a comfortable flow for everyday living and entertaining. The spacious living area provides plenty of natural light, while the kitchen offers ample cabinet space and room to customize to your taste. Major mechanical updates include a furnace and hot water tank installed in 2019, giving you peace of mind for years to come. Whether you're looking for your next home or a smart investment, this Detroit bungalow is full of potential. Schedule your showing today!

5. 2026-03-06
   listed $134,000 Active 637-char remark

   Show marketing remark (637 chars)

   Welcome to this well-maintained 3-bedroom, 1.5-bath bungalow located along iconic 8 Mile in Detroit! Step inside to a bright semi-open kitchen and living room concept, creating a comfortable flow for everyday living and entertaining. The spacious living area provides plenty of natural light, while the kitchen offers ample cabinet space and room to customize to your taste. Major mechanical updates include a furnace and hot water tank installed in 2019, giving you peace of mind for years to come. Whether you're looking for your next home or a smart investment, this Detroit bungalow is full of potential. Schedule your showing today!

6. 2026-03-06
   listed $134,000 Active

   Show marketing remark (637 chars)

   Welcome to this well-maintained 3-bedroom, 1.5-bath bungalow located along iconic 8 Mile in Detroit! Step inside to a bright semi-open kitchen and living room concept, creating a comfortable flow for everyday living and entertaining. The spacious living area provides plenty of natural light, while the kitchen offers ample cabinet space and room to customize to your taste. Major mechanical updates include a furnace and hot water tank installed in 2019, giving you peace of mind for years to come. Whether you're looking for your next home or a smart investment, this Detroit bungalow is full of potential. Schedule your showing today!

7. 2026-03-05
   historical $134,000 637-char remark

   Show marketing remark (637 chars)

   Welcome to this well-maintained 3-bedroom, 1.5-bath bungalow located along iconic 8 Mile in Detroit! Step inside to a bright semi-open kitchen and living room concept, creating a comfortable flow for everyday living and entertaining. The spacious living area provides plenty of natural light, while the kitchen offers ample cabinet space and room to customize to your taste. Major mechanical updates include a furnace and hot water tank installed in 2019, giving you peace of mind for years to come. Whether you're looking for your next home or a smart investment, this Detroit bungalow is full of potential. Schedule your showing today!

8. 2025-05-28
   soldstatus $100,000
9. 2025-05-28
   soldstatus $130,000
10. 2025-03-28
    soldstatus $130,000 Closed 485-char remark

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

11. 2025-03-28
    soldstatus $130,000 Closed

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

12. 2025-03-03
    status Pending 485-char remark

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

13. 2025-03-03
    status Pending

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

14. 2024-12-09
    status Active 485-char remark

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

15. 2024-12-09
    status Active

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

16. 2024-11-23
    status Pending 485-char remark

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

17. 2024-11-23
    status Pending

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

18. 2024-11-04
    listed $145,000 Active 485-char remark

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

19. 2024-11-04
    listed $145,000 Active

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

20. 2024-10-31
    historical $145,000 485-char remark

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

21. 2024-10-31
    historical $145,000

    Show marketing remark (485 chars)

    BEAUTIFUL BUNGALOW!!THIS HOME FEATURES UPDATES IN 2019 3 BEDROOMS, 1.5 BATHROOMS. 1ST FLOOR BATHROOM INCLUDES A CEDAR SHOWER. LARGE KITCHEN WITH DINING ROOM, LARGE 2ND FLOOR BEDROOM, FINISHED BASEMENT WITH BATH, NEW WINDOWS VERY SPACIOUS LIVING ROOM, NEW FURNACE AND HOT WATER TANK 2019!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER’S PAY A COMPLIANCE FEE OF $595.00 PAYABLE TO LISTING BROKER. No virtual showings; a licensed agent must physically accompany with buyers.

22. 2023-09-07
    historical
23. 2023-09-07
    historical
24. 2023-08-17
    status Active
25. 2023-08-17
    status Active
26. 2023-06-20
    status Pending
27. 2023-06-19
    status Pending
28. 2023-06-03
    listed $165,000 Active
29. 2023-06-03
    listed $165,000 Active
30. 2023-05-31
    historical
31. 2023-05-31
    historical
32. 2023-02-23
    price $164,500
33. 2023-02-23
    price $164,500
34. 2023-01-17
    listed $169,500 Active
35. 2023-01-17
    listed $169,500 Active
36. 2023-01-13
    historical
37. 2023-01-13
    historical
38. 2019-07-29
    soldstatus $100,000 Sold
39. 2019-07-29
    soldstatus $100,000 Closed
40. 2019-07-26
    status Pending
41. 2019-07-25
    status Pending
42. 2019-05-21
    listed $97,900 Active
43. 2019-05-21
    listed $97,900 Active
44. 2004-08-10
    soldstatus $92,000
45. 2004-08-09
    soldstatus $92,000
46. 2004-07-02
    historical
47. 2004-06-10
    listed $94,900
48. 2004-06-10
    listed $94,900

ⓘ 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: $1,195 · $100/mo
• Projected year-2 tax: $1,629 · $136/mo
• Expected delta: +$434/yr (+$36/mo · 36.4%)

ⓘ 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 ≥97°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

Taxation est. · year 1

• Rental income: $16,803
• − Mortgage interest: −$7,506
• − Property taxes: −$1,195
• − Insurance: −$670
• − Repairs & maintenance: −$1,344
• − Management: −$1,344
• − Depreciation: −$3,898
• Taxable income: $846
• Est. tax owed @ 24.0%: −$203
• After-tax cash flow: $2,774/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): 45,600
• Household income: $39,265
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 3064.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -153.02%
• Current HPI: 263.6326
• Rent YoY: ▲ 3.25%
• 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

+41.2% since first listed

46 events — show timeline

• 2026-03-09 Contingent — MiRealSource-MiMLS
• 2026-03-09 Contingent — REALCOMP
• 2026-03-06 Listed $134,000 MiRealSource-MiMLS
• 2026-03-06 Listed $134,000 REALCOMP
• 2026-03-05 Coming Soon $134,000 MiRealSource-MiMLS
• 2025-05-28 Sold (Public Records) $130,000 Public Records
• 2025-05-28 Sold (Public Records) $100,000 Public Records
• 2025-03-28 Sold (MLS) $130,000 REALCOMP
• 2025-03-28 Sold (MLS) $130,000 MiRealSource-MiMLS
• 2025-03-03 Pending — MiRealSource-MiMLS
• 2025-03-03 Pending — REALCOMP
• 2024-12-09 Relisted — MiRealSource-MiMLS
• 2024-12-09 Relisted — REALCOMP
• 2024-11-23 Pending — MiRealSource-MiMLS
• 2024-11-23 Pending — REALCOMP
• 2024-11-04 Listed $145,000 MiRealSource-MiMLS
• 2024-11-04 Listed $145,000 REALCOMP
• 2024-10-31 Coming Soon $145,000 MiRealSource-MiMLS
• 2024-10-31 Coming Soon $145,000 REALCOMP
• 2023-09-07 Listing Removed — MiRealSource-MiMLS
• 2023-09-07 Listing Removed — REALCOMP
• 2023-08-17 Relisted — MiRealSource-MiMLS
• 2023-08-17 Relisted — REALCOMP
• 2023-06-20 Pending — MiRealSource-MiMLS
• 2023-06-19 Pending — REALCOMP
• 2023-06-03 Listed $165,000 MiRealSource-MiMLS
• 2023-06-03 Listed $165,000 REALCOMP
• 2023-05-31 Listing Removed — MiRealSource-MiMLS
• 2023-05-31 Listing Removed — REALCOMP
• 2023-02-23 Price Changed $164,500 MiRealSource-MiMLS
• 2023-02-23 Price Changed $164,500 REALCOMP
• 2023-01-17 Listed $169,500 MiRealSource-MiMLS
• 2023-01-17 Listed $169,500 REALCOMP
• 2023-01-13 Coming Soon — MiRealSource-MiMLS
• 2023-01-13 Coming Soon — REALCOMP
• 2019-07-29 Sold (MLS) $100,000 MiRealSource-MiMLS
• 2019-07-29 Sold (MLS) $100,000 REALCOMP
• 2019-07-26 Pending — MiRealSource-MiMLS
• 2019-07-25 Pending — REALCOMP
• 2019-05-21 Listed $97,900 MiRealSource-MiMLS
• 2019-05-21 Listed $97,900 REALCOMP
• 2004-08-10 Sold (MLS) $92,000 REALCOMP
• 2004-08-09 Sold (MLS) $92,000 MiRealSource-MiMLS
• 2004-07-02 Listing Removed — MiRealSource-MiMLS
• 2004-06-10 Listed $94,900 MiRealSource-MiMLS
• 2004-06-10 Listed $94,900 REALCOMP

Property tax history

+1.4%/yr

Latest (2025): $1,195 · -56.4% YoY. Source: county tax records.