628 Taylor St · Detroit, MI 48202

$199,900

4 bd · 3.0 ba · 3,297 sqft · SingleFamily public records · 112 Days on market

Built 1909 10,019 sqft lot $61/sqft · 41% below area Est $341k · 41% 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 +29.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Prime location being sold as is, offering a blank canvas for renovation or redevelopment. This large and spacious home features a formal dining room, sunroom, oversized foyer and porch, master bedroom with fireplace, and a partially finished basement with wet bar and extra room. Additional highlights include an extra large pantry, small office on the second floor, and flexible layout suited for multiple living or investment possibilities. Major updates include roof, siding, concrete porch, furnace, plumbing, and electrical. Conveniently located near freeways, bus lines, historical district, and newer developments. An unpolished diamond ready for a buyer with vision and creativity to unlock its full potential.

Key facts

• Formal dining room
• Wet bar
• Oversized foyer

Tags

• PRIME LOCATION
• FORMAL DINING ROOM
• SUNROOM
• OVERSIZED FOYER
• PARTIALLY FINISHED BASEMENT
• WET BAR

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $690 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $182k (9.0% 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 falling (-5.1%/yr); 257 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $2,622/mo this rent would consume 72% of the median local household income ($44k/yr) (locally 1258% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 112 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 20y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $200k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1909 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $181,909 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1909 — 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: 1.31% ✓
• Cap rate: 10.44%
• Cash-on-cash: 14.80%
• DSCR: 1.66
• GRM: 6.4

CMA / ARV

• ARV (median comp): $340,614
• List price: $199,900
• Delta: -41.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
121 Atkinson St	0.13mi	4/3.0	3,403 (+3%)	0mo	$499,900	$147	88
1199 Atkinson St	0.42mi	5/2.5 (+1)	3,060 (-7%)	5mo	$265,000	$87	57
1550 Edison St	0.65mi	4/3.5	3,404 (+3%)	6mo	$395,000	$116	57
260 Arden Park Blvd	0.53mi	3/2.5 (-1)	3,259 (-1%)	13mo	$465,600	$143	55
1257 Longfellow St	0.52mi	5/2.5 (+1)	3,169 (-4%)	10mo	$205,000	$65	54
265 E Boston Blvd	0.64mi	4/3.5	3,200 (-3%)	12mo	$340,000	$106	53
658 Pallister St	0.67mi	5/3.5 (+1)	3,517 (+7%)	1mo	$850,000	$242	50
1475 Longfellow St	0.60mi	4/3.5	2,886 (-12%)	9mo	$490,000	$170	42
1557 Edison St	0.65mi	5/2.5 (+1)	3,137 (-5%)	16mo	$410,000	$131	42
1411 Atkinson St	0.50mi	5/5.5 (+1)	2,993 (-9%)	7mo	$148,000	$49	40
80 Chandler St	0.71mi	4/4.5	3,617 (+10%)	7mo	$400,000	$111	39
89 Burlingame St	0.74mi	5/4.5 (+1)	3,682 (+12%)	4mo	$149,000	$40	32

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $3,923
• Equity at exit: $29,806

10-year hold

• IRR: 8.3%
• Equity multiple: 1.54×
• Total profit: $30,483
• Equity at exit: $17,284

Cash invested: $55,972 (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 48202

• Rents YoY: -5.1%
• Active inventory: 257
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,622 high
• Mortgage (P&I): −$1,048
• Tax est. 1.5%: −$250 /mo · $2,998/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $690

Break-even live

Break-even rent $1,749

Max offer price $199,900

Occupancy floor 69%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
634 Atkinson St Detroit, MI	3.0	3.5	3000	$6,500	$2.17	10d	1	0.12mi
1441 W Euclid St Detroit, MI	3.0	1.0	2380	$2,600	$1.09	24d	1	0.66mi
1699 Glynn Ct Detroit, MI	5.0	3.5	2542	$2,500	$0.98	21d	1	0.88mi
2028 Gladstone St Unit 1 Detroit, MI	5.0	2.0	2500	$2,850	$1.14	2d	1	0.94mi
2080 Gladstone St #1 Detroit, MI	4.0	2.0	2426	$3,000	$1.24	1d	1	1.00mi
8951 La Salle Blvd Detroit, MI	5.0	2.5	2440	$2,500	$1.02	14d	1	1.17mi
8951 La Salle Blvd Detroit, MI	4.0	2.5	2440	$2,500	$1.02	1d	1	1.17mi
8951 La Salle Blvd Unit NA Detroit, MI	4.0	2.5	2440	$2,500	$1.02	10d	1	1.18mi
2286 Calvert St Detroit, MI	4.0	1.0	3402	$1,450	$0.43	14d	1	1.22mi
2509 Gladstone St Unit 1 Detroit, MI	3.0	2.0	3000	$2,650	$0.88	1d	1	1.28mi
7370 La Salle Blvd Detroit, MI	4.0	3.0	3610	$4,500	$1.25	43d	1	1.42mi

Listing history 33 events

1. 2026-06-18
   days on market $199,900 Active 112 DOM
2. 2026-06-17
   days on market $199,900 Active 111 DOM
3. 2026-06-15
   days on market $199,900 Active 109 DOM
4. 2026-06-13
   days on market $199,900 Active 107 DOM
5. 2026-06-13
   days on market $199,900 Active 106 DOM
6. 2026-06-09
   days on market $199,900 Active 103 DOM
7. 2026-06-08
   days on market $199,900 Active 102 DOM
8. 2026-06-07
   days on market $199,900 Active 101 DOM
9. 2026-06-04
   days on market $199,900 Active 98 DOM
10. 2026-06-03
    days on market $199,900 Active 97 DOM
11. 2026-06-01
    days on market $199,900 Active 95 DOM
12. 2026-05-31
    days on market $199,900 Active 94 DOM
13. 2026-03-24
    price $199,900 718-char remark

    Show marketing remark (718 chars)

    Prime location being sold as is, offering a blank canvas for renovation or redevelopment. This large and spacious home features a formal dining room, sunroom, oversized foyer and porch, master bedroom with fireplace, and a partially finished basement with wet bar and extra room. Additional highlights include an extra large pantry, small office on the second floor, and flexible layout suited for multiple living or investment possibilities. Major updates include roof, siding, concrete porch, furnace, plumbing, and electrical. Conveniently located near freeways, bus lines, historical district, and newer developments. An unpolished diamond ready for a buyer with vision and creativity to unlock its full potential.

14. 2026-03-23
    price $199,900 718-char remark

    Show marketing remark (718 chars)

    Prime location being sold as is, offering a blank canvas for renovation or redevelopment. This large and spacious home features a formal dining room, sunroom, oversized foyer and porch, master bedroom with fireplace, and a partially finished basement with wet bar and extra room. Additional highlights include an extra large pantry, small office on the second floor, and flexible layout suited for multiple living or investment possibilities. Major updates include roof, siding, concrete porch, furnace, plumbing, and electrical. Conveniently located near freeways, bus lines, historical district, and newer developments. An unpolished diamond ready for a buyer with vision and creativity to unlock its full potential.

15. 2026-02-26
    listed $214,900 Active 718-char remark

    Show marketing remark (718 chars)

    Prime location being sold as is, offering a blank canvas for renovation or redevelopment. This large and spacious home features a formal dining room, sunroom, oversized foyer and porch, master bedroom with fireplace, and a partially finished basement with wet bar and extra room. Additional highlights include an extra large pantry, small office on the second floor, and flexible layout suited for multiple living or investment possibilities. Major updates include roof, siding, concrete porch, furnace, plumbing, and electrical. Conveniently located near freeways, bus lines, historical district, and newer developments. An unpolished diamond ready for a buyer with vision and creativity to unlock its full potential.

16. 2026-02-26
    listed $214,900 Active 718-char remark

    Show marketing remark (718 chars)

    Prime location being sold as is, offering a blank canvas for renovation or redevelopment. This large and spacious home features a formal dining room, sunroom, oversized foyer and porch, master bedroom with fireplace, and a partially finished basement with wet bar and extra room. Additional highlights include an extra large pantry, small office on the second floor, and flexible layout suited for multiple living or investment possibilities. Major updates include roof, siding, concrete porch, furnace, plumbing, and electrical. Conveniently located near freeways, bus lines, historical district, and newer developments. An unpolished diamond ready for a buyer with vision and creativity to unlock its full potential.

17. 2025-07-27
    historical
18. 2025-07-27
    historical
19. 2025-06-19
    status Active
20. 2025-06-19
    historical
21. 2025-03-27
    status Active
22. 2025-03-26
    status Active
23. 2025-03-26
    listed $265,000 Active
24. 2025-03-26
    historical
25. 2024-04-15
    soldstatus $80,000
26. 2007-12-20
    historical
27. 2007-12-20
    historical
28. 2007-10-25
    listed $7,900
29. 2007-10-24
    historical
30. 2007-10-22
    listed $7,900
31. 2007-05-25
    listed $25,900
32. 2007-02-05
    historical
33. 2006-03-24
    listed $150,000

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°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: $31,469
• − Mortgage interest: −$11,198
• − Property taxes: −$2,998
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,517
• − Management: −$2,517
• − Depreciation: −$5,815
• Taxable income: $5,423
• Est. tax owed @ 24.0%: −$1,301
• After-tax cash flow: $6,981/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): 15,780
• Household income: $43,627
• Rent vs Own: 69.1% rent · 30.9% own
• Severe rent burden: 1258.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 60% White 26% Asian 6% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 90% English-only · Other Indo-European 3% Arabic 2% Spanish 2%

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: ▼ -239.24%
• Current HPI: 145.5509
• Rent YoY: ▼ -5.13%
• 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

+33.3% since first listed

21 events — show timeline

• 2026-03-24 Price Changed $199,900 MiRealSource-MiMLS
• 2026-03-23 Price Changed $199,900 REALCOMP
• 2026-02-26 Listed $214,900 REALCOMP
• 2026-02-26 Listed $214,900 MiRealSource-MiMLS
• 2025-07-27 Listing Removed — REALCOMP
• 2025-07-27 Listing Removed — MiRealSource-MiMLS
• 2025-06-19 Relisted — REALCOMP
• 2025-06-19 Listing Removed — REALCOMP
• 2025-03-27 Relisted — REALCOMP
• 2025-03-26 Relisted — REALCOMP
• 2025-03-26 Listing Removed — REALCOMP
• 2025-03-26 Listed $265,000 MiRealSource-MiMLS
• 2024-04-15 Sold (Public Records) $80,000 Public Records
• 2007-12-20 Listing Removed — MiRealSource-MiMLS
• 2007-12-20 Listing Removed — REALCOMP
• 2007-10-25 Listed $7,900 MiRealSource-MiMLS
• 2007-10-24 Listing Removed — REALCOMP
• 2007-10-22 Listed $7,900 REALCOMP
• 2007-05-25 Listed $25,900 REALCOMP
• 2007-02-05 Listing Removed — REALCOMP
• 2006-03-24 Listed $150,000 REALCOMP

Property tax history

+18.6%/yr

Latest (2025): $10,302 · +205.7% YoY. Source: county tax records.