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17583 Pierson St
D- Composite 35.58
Why this score? — see what drove the D- 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 +15.6/30.0
  • DSCR +4.8/10.0
  • Rent growth +4.5/5.0
  • Livability +3.7/5.0
  • 1% rule +3.2/10.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • ARV discount +0.0/15.0
  • Appreciation +0.0/10.0

$174,900

17583 Pierson St · Detroit, MI 48219
3 bd · 1.0 ba · 1,303 sqft · SingleFamily public records · 71 Days on market
Built 1952 0.27 ac lot Est $137k · 28% over

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Wow Just Wow !!! A beautiful totally remodeled top to bottom colonial. This 3 bedroom 3 full bath house is a must see. Great curb appeal and when you walk in the front door you will be in awe of the beauty and craftsmanship of this house. Open floor plan with new kitchen, bathrooms, flooring, roof, furnace, central air, hot water tank and all new appliances !!! Large master bedroom with new master bath. Two nice size bedrooms on the first floor with new primary full bath. Beautiful new kitchen with ceramic flooring and new appliances. The basement is finished with a den, family room and new full bath. Laundry room with new washer and dryer. All this at a great price!!! Large lot close to shopping . schools , expressways only 20 minutes from downtown. Hurry and make an appointment to see this beautiful house today this will not last long.

Key facts

  • New furnace
  • New kitchen
  • Totally remodeled

Tags

TOTALLY REMODELEDNEW KITCHENNEW BATHROOMSNEW FLOORINGNEW ROOFNEW FURNACE

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

  • At list price, monthly cash flow is $75 ($897/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (18.3% below list).
  • Recommended offer: $143k (18.3% below list) — sets the bar for 1% rule.
  • Cap rate 6.8% vs local median 10.0% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 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.
  • Zoned schools: Emerson Elementarymiddle School (519 students, 90% FRL); Henry Ford High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 712 students, 86% FRL) — zoned schools at 88% FRL track the district average.
  • Market conditions: Rents rising fast (+8.0%/yr); 309 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 39% of the median local income ($44k/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 $1k of loan paydown is wiped out by about $5k 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 71 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 3y 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 $17k; list at $175k implies a 929% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $142,817 (18.3% below list)

Questions for the listing agent

  1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
  2. Built in 1952 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  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
0.82%
Cap rate
6.81%
Cash-on-cash
1.83%
DSCR
1.08
GRM
10.2

CMA / ARV

ARV (on-the-fly)
$136,815
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
20821 Santa Clara 0.10mi 3/1.5 1,414 (+8%) 7mo $203,000 $144 73
16871 Pierson St 0.42mi 3/1.0 1,242 (-5%) 3mo $130,000 $105 70
21145 Santa Clara 0.18mi 3/2.0 1,200 (-8%) 7mo $167,500 $140 68
17631 Kentfield St 0.28mi 3/1.5 1,177 (-10%) 9mo $93,000 $79 62
18425 Burgess 0.54mi 3/2.0 1,339 (+3%) 6mo $116,000 $87 61
19211 Pierson St 0.75mi 3/1.0 1,272 (-2%) 2mo $69,000 $54 59
17216 Chapel St 0.42mi 4/2.0 (+1) 1,367 (+5%) 5mo $170,000 $124 59
18498 Fielding St 0.42mi 3/1.0 1,450 (+11%) 5mo $61,000 $42 58
17580 Northrop St 0.74mi 3/1.5 1,294 (-1%) 6mo $135,000 $104 57
17376 Edinborough Rd 0.69mi 3/1.5 1,383 (+6%) 5mo $97,000 $70 52
17195 Westmoreland Rd 0.60mi 3/1.5 1,469 (+13%) 6mo $226,000 $154 43
16753 Burgess 0.70mi 4/1.5 (+1) 1,434 (+10%) 8mo $172,500 $120 37

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
-8.6%
Equity multiple
0.67×
Total profit
$-16,105
Equity at exit
$26,078
10-year hold
IRR
6.0%
Equity multiple
1.53×
Total profit
$26,160
Equity at exit
$15,122

Cash invested: $48,972 (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.

ZIP-level market 48219

Home prices YoY
-10.3%
Rents YoY
8.0%
Active inventory
309
Price-to-rent
10.2×

Monthly cashflow live

Estimated rent
$1,428 high interval (Pro) →
Mortgage (P&I)
$917
Tax from tax record
$63 /mo · $761/yr
Insurance
$73
HOA
$0
Vacancy / Maint / Mgmt
$300
Net cashflow
$75

Break-even live

Break-even rent $1,334
Max offer price $174,900
Occupancy floor 90%

Sensitivity live

Price -10% $174 -5% $124 +0% $75 +5% $25 +10% $-24
Rent -10% $-38 -5% $18 +0% $75 +5% $131 +10% $188
Rate -1.0pp $163 -0.5pp $119 base $75 +0.5pp $29 +1.0pp $-17

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
$43,725
Closing costs
$5,247
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
17624 Patton St Detroit, MI 3.0 1.0 1260 $1,695 $1.35 45d 1 0.13mi
17721 Westbrook St Detroit, MI 4.0 1.0 1040 $1,125 $1.08 26d 1 0.27mi
18205 Stout St Detroit, MI 3.0 1.0 901 $1,078 $1.20 26d 1 0.29mi
17255 Westbrook St Detroit, MI 3.0 2.0 1500 $1,450 $0.97 13d 1 0.30mi
21440 Bennett St Detroit, MI 3.0 1.0 1037 $1,394 $1.34 18d 1 0.36mi
18437 Trinity St Detroit, MI 3.0 1.0 875 $1,364 $1.56 16d 1 0.36mi
18191 Heyden St Detroit, MI 2.0 1.0 917 $1,100 $1.20 26d 1 0.38mi
21451 Glenco St Detroit, MI 3.0 1.0 1026 $1,400 $1.36 18d 1 0.38mi
18134 Vaughan St Detroit, MI 3.0 1.0 1060 $1,150 $1.08 18d 1 0.43mi
21434 Karl St Detroit, MI 2.0 1.0 1000 $1,350 $1.35 45d 1 0.43mi
21455 Pickford St Detroit, MI 2.0 1.0 1000 $1,275 $1.27 45d 1 0.47mi
18461 Heyden St Detroit, MI 2.0 1.0 1000 $1,050 $1.05 6d 1 0.48mi
18556 Kentfield St Detroit, MI 3.0 1.0 952 $1,250 $1.31 4d 1 0.54mi
16717 Trinity St Detroit, MI 3.0 1.5 1101 $1,250 $1.14 45d 1 0.58mi
16565 Blackstone St Detroit, MI 3.0 1.5 1592 $1,575 $0.99 45d 1 0.67mi
17678 Edinborough Rd Detroit, MI 3.0 1.5 1528 $1,650 $1.08 16d 1 0.68mi
17678 Edinborough Rd Detroit, MI 3.0 1.5 1528 $1,650 $1.08 18d 1 0.68mi
18450 Edinborough Rd Detroit, MI 3.0 1.0 1000 $1,500 $1.50 45d 1 0.76mi
17238 Shaftsbury Ave Detroit, MI 3.0 1.0 1200 $1,550 $1.29 45d 1 0.88mi
18452 Shaftsbury Ave Detroit, MI 3.0 1.0 927 $1,500 $1.62 18d 1 0.92mi
17328 McIntyre St Unit 2 Detroit, MI 3.0 1.0 1200 $1,250 $1.04 45d 1 0.93mi
17355 McIntyre St Detroit, MI 3.0 1.0 1500 $1,250 $0.83 45d 1 0.93mi
17654 Sunderland Rd Detroit, MI 3.0 1.0 1100 $1,500 $1.36 45d 1 0.98mi
19367 Plainview Ave Detroit, MI 3.0 2.0 1208 $1,400 $1.16 0d 1 0.99mi
19457 Evergreen Rd Detroit, MI 2.0 1.0 1100 $1,200 $1.09 45d 1 1.04mi
15815 Evergreen Rd Detroit, MI 3.0 1.0 1350 $1,300 $0.96 45d 1 1.05mi
19176 Grandville Ave Detroit, MI 3.0 1.0 941 $1,300 $1.38 6d 1 1.08mi
16823 Stahelin Ave Detroit, MI 3.0 2.5 1500 $1,600 $1.07 19d 1 1.11mi
19781 Fielding St Detroit, MI 3.0 1.0 1000 $1,294 $1.29 6d 1 1.12mi
17654 Greenview Ave Detroit, MI 4.0 1.0 1377 $1,350 $0.98 18d 1 1.14mi
19810 Blackstone St Detroit, MI 3.0 1.0 1216 $1,395 $1.15 45d 1 1.15mi
15712 Vaughan St Detroit, MI 3.0 1.0 1280 $1,400 $1.09 16d 1 1.15mi
22570 Seven Mile W Detroit, MI 2.0 1.0 890 $875 $0.98 45d 1 1.15mi
15829 Minock St Detroit, MI 3.0 1.5 1200 $1,550 $1.29 26d 1 1.15mi
21422 Pembroke Ave Detroit, MI 3.0 1.5 1000 $1,695 $1.70 18d 1 1.21mi
15519 Plainview Ave Detroit, MI 3.0 1.0 900 $1,396 $1.55 18d 1 1.24mi
16757 Greenview Ave Unit 1A Detroit, MI 3.0 1.5 1600 $1,500 $0.94 6d 1 1.25mi
15847 Chatham St Detroit, MI 3.0 1.0 909 $1,325 $1.46 6d 1 1.27mi
15340 Braile St Detroit, MI 3.0 1.0 883 $1,000 $1.13 6d 1 1.28mi
19501 Redfern St Detroit, MI 2.0 1.5 1816 $1,350 $0.74 45d 1 1.32mi

Listing history 12 events

  1. 2025-11-13
    status Pending 849-char remark
    Show marketing remark (849 chars)

    Wow Just Wow !!! A beautiful totally remodeled top to bottom colonial. This 3 bedroom 3 full bath house is a must see. Great curb appeal and when you walk in the front door you will be in awe of the beauty and craftsmanship of this house. Open floor plan with new kitchen, bathrooms, flooring, roof, furnace, central air, hot water tank and all new appliances !!! Large master bedroom with new master bath. Two nice size bedrooms on the first floor with new primary full bath. Beautiful new kitchen with ceramic flooring and new appliances. The basement is finished with a den, family room and new full bath. Laundry room with new washer and dryer. All this at a great price!!! Large lot close to shopping . schools , expressways only 20 minutes from downtown. Hurry and make an appointment to see this beautiful house today this will not last long.

  2. 2025-11-13
    status Pending
    Show marketing remark (849 chars)

    Wow Just Wow !!! A beautiful totally remodeled top to bottom colonial. This 3 bedroom 3 full bath house is a must see. Great curb appeal and when you walk in the front door you will be in awe of the beauty and craftsmanship of this house. Open floor plan with new kitchen, bathrooms, flooring, roof, furnace, central air, hot water tank and all new appliances !!! Large master bedroom with new master bath. Two nice size bedrooms on the first floor with new primary full bath. Beautiful new kitchen with ceramic flooring and new appliances. The basement is finished with a den, family room and new full bath. Laundry room with new washer and dryer. All this at a great price!!! Large lot close to shopping . schools , expressways only 20 minutes from downtown. Hurry and make an appointment to see this beautiful house today this will not last long.

  3. 2025-09-03
    listed $174,900 Active
    Show marketing remark (849 chars)

    Wow Just Wow !!! A beautiful totally remodeled top to bottom colonial. This 3 bedroom 3 full bath house is a must see. Great curb appeal and when you walk in the front door you will be in awe of the beauty and craftsmanship of this house. Open floor plan with new kitchen, bathrooms, flooring, roof, furnace, central air, hot water tank and all new appliances !!! Large master bedroom with new master bath. Two nice size bedrooms on the first floor with new primary full bath. Beautiful new kitchen with ceramic flooring and new appliances. The basement is finished with a den, family room and new full bath. Laundry room with new washer and dryer. All this at a great price!!! Large lot close to shopping . schools , expressways only 20 minutes from downtown. Hurry and make an appointment to see this beautiful house today this will not last long.

  4. 2025-09-03
    listed $174,900 Active 849-char remark
    Show marketing remark (849 chars)

    Wow Just Wow !!! A beautiful totally remodeled top to bottom colonial. This 3 bedroom 3 full bath house is a must see. Great curb appeal and when you walk in the front door you will be in awe of the beauty and craftsmanship of this house. Open floor plan with new kitchen, bathrooms, flooring, roof, furnace, central air, hot water tank and all new appliances !!! Large master bedroom with new master bath. Two nice size bedrooms on the first floor with new primary full bath. Beautiful new kitchen with ceramic flooring and new appliances. The basement is finished with a den, family room and new full bath. Laundry room with new washer and dryer. All this at a great price!!! Large lot close to shopping . schools , expressways only 20 minutes from downtown. Hurry and make an appointment to see this beautiful house today this will not last long.

  5. 2023-11-03
    soldstatus $17,000 Sold 391-char remark
    Show marketing remark (391 chars)

    CHECK OUT THIS THREE BEDROOM, 1 BATH DETROIT BUNGALOW WITH AN EXPANDED SECOND FLOOR AND SUPER DEEP LOT. THIS HOME OFFERS A GREAT INVESTMENT OPPORTUNITY. EAT IN KITCHEN, LARGE LIVING ROOM, PARTIALLY FINISHED BASEMENT. THIS IS AN AS-IS SALE, BUYER TO ASSUME RESPONSIBILITY FOR ALL REQUIRED REPAIRS. ALL INFORMATION IS ESTIMATED, BUYER/BUYER'S AGENT TO VERIFY ALL INFORMATION PRIOR TO CLOSING.

  6. 2023-11-03
    soldstatus $17,000 Closed
    Show marketing remark (391 chars)

    CHECK OUT THIS THREE BEDROOM, 1 BATH DETROIT BUNGALOW WITH AN EXPANDED SECOND FLOOR AND SUPER DEEP LOT. THIS HOME OFFERS A GREAT INVESTMENT OPPORTUNITY. EAT IN KITCHEN, LARGE LIVING ROOM, PARTIALLY FINISHED BASEMENT. THIS IS AN AS-IS SALE, BUYER TO ASSUME RESPONSIBILITY FOR ALL REQUIRED REPAIRS. ALL INFORMATION IS ESTIMATED, BUYER/BUYER'S AGENT TO VERIFY ALL INFORMATION PRIOR TO CLOSING.

  7. 2023-10-19
    status Pending
    Show marketing remark (391 chars)

    CHECK OUT THIS THREE BEDROOM, 1 BATH DETROIT BUNGALOW WITH AN EXPANDED SECOND FLOOR AND SUPER DEEP LOT. THIS HOME OFFERS A GREAT INVESTMENT OPPORTUNITY. EAT IN KITCHEN, LARGE LIVING ROOM, PARTIALLY FINISHED BASEMENT. THIS IS AN AS-IS SALE, BUYER TO ASSUME RESPONSIBILITY FOR ALL REQUIRED REPAIRS. ALL INFORMATION IS ESTIMATED, BUYER/BUYER'S AGENT TO VERIFY ALL INFORMATION PRIOR TO CLOSING.

  8. 2023-10-19
    status Pending 391-char remark
    Show marketing remark (391 chars)

    CHECK OUT THIS THREE BEDROOM, 1 BATH DETROIT BUNGALOW WITH AN EXPANDED SECOND FLOOR AND SUPER DEEP LOT. THIS HOME OFFERS A GREAT INVESTMENT OPPORTUNITY. EAT IN KITCHEN, LARGE LIVING ROOM, PARTIALLY FINISHED BASEMENT. THIS IS AN AS-IS SALE, BUYER TO ASSUME RESPONSIBILITY FOR ALL REQUIRED REPAIRS. ALL INFORMATION IS ESTIMATED, BUYER/BUYER'S AGENT TO VERIFY ALL INFORMATION PRIOR TO CLOSING.

  9. 2023-09-22
    price $18,500
    Show marketing remark (391 chars)

    CHECK OUT THIS THREE BEDROOM, 1 BATH DETROIT BUNGALOW WITH AN EXPANDED SECOND FLOOR AND SUPER DEEP LOT. THIS HOME OFFERS A GREAT INVESTMENT OPPORTUNITY. EAT IN KITCHEN, LARGE LIVING ROOM, PARTIALLY FINISHED BASEMENT. THIS IS AN AS-IS SALE, BUYER TO ASSUME RESPONSIBILITY FOR ALL REQUIRED REPAIRS. ALL INFORMATION IS ESTIMATED, BUYER/BUYER'S AGENT TO VERIFY ALL INFORMATION PRIOR TO CLOSING.

  10. 2023-09-22
    price $18,500 391-char remark
    Show marketing remark (391 chars)

    CHECK OUT THIS THREE BEDROOM, 1 BATH DETROIT BUNGALOW WITH AN EXPANDED SECOND FLOOR AND SUPER DEEP LOT. THIS HOME OFFERS A GREAT INVESTMENT OPPORTUNITY. EAT IN KITCHEN, LARGE LIVING ROOM, PARTIALLY FINISHED BASEMENT. THIS IS AN AS-IS SALE, BUYER TO ASSUME RESPONSIBILITY FOR ALL REQUIRED REPAIRS. ALL INFORMATION IS ESTIMATED, BUYER/BUYER'S AGENT TO VERIFY ALL INFORMATION PRIOR TO CLOSING.

  11. 2023-08-28
    listed $26,000 Active 391-char remark
    Show marketing remark (391 chars)

    CHECK OUT THIS THREE BEDROOM, 1 BATH DETROIT BUNGALOW WITH AN EXPANDED SECOND FLOOR AND SUPER DEEP LOT. THIS HOME OFFERS A GREAT INVESTMENT OPPORTUNITY. EAT IN KITCHEN, LARGE LIVING ROOM, PARTIALLY FINISHED BASEMENT. THIS IS AN AS-IS SALE, BUYER TO ASSUME RESPONSIBILITY FOR ALL REQUIRED REPAIRS. ALL INFORMATION IS ESTIMATED, BUYER/BUYER'S AGENT TO VERIFY ALL INFORMATION PRIOR TO CLOSING.

  12. 2023-08-25
    listed $26,000 Active

ⓘ 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
$761 · $63/mo
Projected year-2 tax
$1,727 · $144/mo
Expected delta
+$966/yr (+$81/mo · 127.0%)

ⓘ 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 ≥98°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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$17,138
− Mortgage interest
−$9,797
− Property taxes
−$761
− Insurance
−$874
− Repairs & maintenance
−$1,371
− Management
−$1,371
− Depreciation
−$5,088
Taxable loss
−$2,125
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$510
After-tax cash flow
$1,407/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

Price history

+572.7% since first listed
12 events — show timeline
  • 2025-11-13 Pending MiRealSource-MiMLS
  • 2025-11-13 Pending REALCOMP
  • 2025-09-03 Listed $174,900 REALCOMP
  • 2025-09-03 Listed $174,900 MiRealSource-MiMLS
  • 2023-11-03 Sold (MLS) $17,000 MiRealSource-MiMLS
  • 2023-11-03 Sold (MLS) $17,000 REALCOMP
  • 2023-10-19 Pending MiRealSource-MiMLS
  • 2023-10-19 Pending REALCOMP
  • 2023-09-22 Price Changed $18,500 MiRealSource-MiMLS
  • 2023-09-22 Price Changed $18,500 REALCOMP
  • 2023-08-28 Listed $26,000 REALCOMP
  • 2023-08-25 Listed $26,000 MiRealSource-MiMLS

Property tax history

+11.1%/yr

Latest (2025): $761 · -86.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…