19774 Strasburg St · Detroit, MI 48205

$60,000

3 bd · 1.0 ba · 1,322 sqft · SingleFamily public records · 29 Days on market

Built 1946 4,356 sqft lot Est $79k · 24% under ↓ 8% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Add acash-flowing asset to your real estate portfolio with this solid, 3-bedroom, 1-bathroom rental property. The home features a beautiful brick exterior. The exterior includes 1-car detached garage. Schedule your showing today!

Key facts

• Brick exterior
• 4,356 sq ft lot
• Garage

Tags

• BRICK EXTERIOR

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps
• Construction: Brick construction; Block foundation; Built above grade finished living area
• Exterior features: Paved road access; Lot approximately 0.1 acre (40 x 106)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Full unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $59k (1.5% below list) — sets the bar for market timing.
• Cap rate 16.9% vs local median 10.0% 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 (+1.3%/yr); 376 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $415 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 + 1.3% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 27y 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 $20k; list at $60k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.6% of price; built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $59,100 (1.5% below list)

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.32% ✓
• Cap rate: 16.94%
• Cash-on-cash: 38.01%
• DSCR: 2.69
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $79,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19965 Barlow St	0.16mi	3/1.0	1,342 (+2%)	9mo	$55,000	$41	82
19360 Strasburg St	0.28mi	3/1.5	1,340 (+1%)	8mo	$105,000	$78	76
19394 Barlow St	0.28mi	3/1.0	1,350 (+2%)	9mo	$55,000	$41	76
19521 Strasburg St	0.20mi	4/1.5 (+1)	1,381 (+4%)	7mo	$135,000	$98	71
11935 E State Fair St	0.18mi	3/1.0	1,179 (-11%)	8mo	$115,000	$98	67
20264 Waltham St	0.40mi	3/1.5	1,192 (-10%)	1mo	$50,000	$42	62
19741 Waltham St	0.16mi	3/1.0	1,499 (+13%)	10mo	$106,000	$71	62
18680 Westphalia St	0.71mi	4/1.0 (+1)	1,247 (-6%)	1mo	$75,000	$60	52
18903 Westphalia St	0.64mi	3/2.0	1,250 (-5%)	8mo	$130,000	$104	50
19200 Goulburn St	0.44mi	3/1.5	1,138 (-14%)	10mo	$57,500	$51	46
18652 Goulburn St	0.70mi	4/1.0 (+1)	1,200 (-9%)	2mo	$23,000	$19	45
19376 Pelkey St	0.66mi	3/1.5	1,200 (-9%)	9mo	$69,900	$58	44

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 31.9%
• Equity multiple: 2.31×
• Total profit: $21,983
• Equity at exit: $8,946

10-year hold

• IRR: 38.0%
• Equity multiple: 4.22×
• Total profit: $54,121
• Equity at exit: $5,188

Cash invested: $16,800 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 376
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,392 high
• Mortgage (P&I): −$315
• Tax from tax record: −$228 /mo · $2,735/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $532

Break-even live

Break-even rent $718

Max offer price $60,000

Occupancy floor 57%

Sensitivity live

Price	-10% $727	-5% $549	+0% $532	+5% $515	+10% $498
Rent	-10% $422	-5% $477	+0% $532	+5% $587	+10% $642
Rate	-1.0pp $562	-0.5pp $547	base $532	+0.5pp $517	+1.0pp $501

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	18d	1	0.29mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	19d	1	0.30mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	18d	1	0.33mi
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	18d	1	0.42mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	18d	1	0.44mi
20290 Annott St Detroit, MI	3.0	1.0	1300	$1,200	$0.92	0d	1	0.45mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	5d	1	0.49mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	18d	1	0.50mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	18d	1	0.51mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	45d	1	0.55mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	18d	1	0.57mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	45d	1	0.60mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	25d	1	0.61mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	18d	1	0.67mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	25d	1	0.68mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	19d	1	0.71mi
18947 Runyon St Detroit, MI	3.0	1.0	1614	$1,100	$0.68	45d	1	0.72mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	25d	1	0.72mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	25d	1	0.75mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	18d	1	0.76mi
13693 Edmore Dr Detroit, MI	3.0	1.5	1269	$1,550	$1.22	12d	1	0.84mi
21311 Waltham Rd Warren, MI	3.0	1.0	1000	$1,350	$1.35	0d	1	0.86mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	3d	1	0.96mi
11377 Sherman Ave Warren, MI	3.0	1.0	1200	$1,400	$1.17	25d	1	0.98mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	45d	1	1.01mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	18d	1	1.01mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	14d	1	1.05mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	19d	1	1.05mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	25d	1	1.11mi
14134 Collingham Dr Detroit, MI	3.0	1.5	1300	$1,350	$1.04	45d	1	1.14mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	18d	1	1.25mi
11319 Chalmers Ave Warren, MI	3.0	1.0	975	$1,500	$1.54	25d	1	1.28mi
14504 Coram St Detroit, MI	3.0	1.0	1203	$1,175	$0.98	25d	1	1.29mi
14481 Maddelein St Detroit, MI	3.0	1.0	1200	$1,100	$0.92	45d	1	1.29mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	25d	1	1.30mi
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	18d	1	1.31mi
11076 Hudson Ave Warren, MI	3.0	1.0	936	$1,395	$1.49	4d	1	1.43mi

Listing history 29 events

1. 2026-06-21
   days on market $60,000 Active 29 DOM
2. 2026-06-18
   days on market $60,000 Active 26 DOM
3. 2026-06-17
   days on market $60,000 Active 25 DOM
4. 2026-06-15
   days on market $60,000 Active 23 DOM
5. 2026-06-13
   days on market $60,000 Active 21 DOM
6. 2026-06-13
   days on market $60,000 Active 20 DOM
7. 2026-06-09
   days on market $60,000 Active 17 DOM
8. 2026-06-08
   days on market $60,000 Active 16 DOM
9. 2026-06-07
   days on market $60,000 Active 15 DOM
10. 2026-06-04
    days on market $60,000 Active 12 DOM
11. 2026-06-03
    days on market $60,000 Active 11 DOM
12. 2026-06-02
    days on market $60,000 Active 10 DOM
13. 2026-06-01
    days on market $60,000 Active 9 DOM
14. 2026-05-31
    days on market $60,000 Active 8 DOM
15. 2026-05-23
    listed $60,000 Active 229-char remark

    Show marketing remark (229 chars)

    Add acash-flowing asset to your real estate portfolio with this solid, 3-bedroom, 1-bathroom rental property. The home features a beautiful brick exterior. The exterior includes 1-car detached garage. Schedule your showing today!

16. 2026-05-23
    listed $60,000 Active

    Show marketing remark (229 chars)

    Add acash-flowing asset to your real estate portfolio with this solid, 3-bedroom, 1-bathroom rental property. The home features a beautiful brick exterior. The exterior includes 1-car detached garage. Schedule your showing today!

17. 2008-03-26
    soldstatus $20,000 289-char remark

    Show marketing remark (289 chars)

    BUNGALOW WITH BRICK AND WOOD EXTERIOR. HAS 3-D ROOF, SIDE ENTRY DOOR, FENCED IN BACKYARD, SOME VINYL WINDOWS, UPDATED ENTRY DOORS, BAY WINDOW, NEW DISHWASHER AND SINK, SOME BATHROOM UPDATES, AND PARTIALLY FINISHED BASEMENT. ALL INFORMATION IS ESTIMATED. BUYERS AGENT TO VERIFY. SOLD AS-IS.

18. 2008-03-07
    listed $29,900 289-char remark

    Show marketing remark (289 chars)

    BUNGALOW WITH BRICK AND WOOD EXTERIOR. HAS 3-D ROOF, SIDE ENTRY DOOR, FENCED IN BACKYARD, SOME VINYL WINDOWS, UPDATED ENTRY DOORS, BAY WINDOW, NEW DISHWASHER AND SINK, SOME BATHROOM UPDATES, AND PARTIALLY FINISHED BASEMENT. ALL INFORMATION IS ESTIMATED. BUYERS AGENT TO VERIFY. SOLD AS-IS.

19. 2008-03-01
    historical
20. 2008-02-01
    listed $29,900
21. 2008-01-31
    historical
22. 2007-08-02
    listed $39,900
23. 2005-03-22
    soldstatus $108,000
24. 2005-01-10
    soldstatus $55,000
25. 2005-01-03
    soldstatus $55,000
26. 2004-06-18
    listed $54,000
27. 1999-07-09
    soldstatus $64,900
28. 1999-04-09
    historical
29. 1999-04-03
    listed $64,900

ⓘ 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: $2,735 · $228/mo
• Projected year-2 tax: $2,735 · $228/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 1/10 Low FEMA zone X (unshaded) · 0% 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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,705
• − Mortgage interest: −$3,361
• − Property taxes: −$2,735
• − Insurance: −$300
• − Repairs & maintenance: −$1,336
• − Management: −$1,336
• − Depreciation: −$1,745
• Taxable income: $5,890
• Est. tax owed @ 24.0%: −$1,414
• After-tax cash flow: $4,972/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

-7.6% since first listed

15 events — show timeline

• 2026-05-23 Listed $60,000 REALCOMP
• 2026-05-23 Listed $60,000 MiRealSource-MiMLS
• 2008-03-26 Sold (MLS) $20,000 REALCOMP
• 2008-03-07 Listed $29,900 REALCOMP
• 2008-03-01 Listing Removed — REALCOMP
• 2008-02-01 Listed $29,900 REALCOMP
• 2008-01-31 Listing Removed — REALCOMP
• 2007-08-02 Listed $39,900 REALCOMP
• 2005-03-22 Sold (Public Records) $108,000 Public Records
• 2005-01-10 Sold (Public Records) $55,000 Public Records
• 2005-01-03 Sold (MLS) $55,000 REALCOMP
• 2004-06-18 Listed $54,000 REALCOMP
• 1999-07-09 Sold (MLS) $64,900 MiRealSource-MiMLS
• 1999-04-09 Listing Removed — MiRealSource-MiMLS
• 1999-04-03 Listed $64,900 MiRealSource-MiMLS

Property tax history

+11.8%/yr

Latest (2025): $2,735 · +44.4% YoY. Source: county tax records.