4370 Tyler St · Detroit, MI 48238

$129,900

4 bd · 2.5 ba · 2,450 sqft · Townhouse public records · 92 Days on market

Built 1925 3,920 sqft lot $53/sqft · 49% above area Est $87k · 49% 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 +25.9/30.0
• DSCR +8.7/10.0
• 1% rule +7.4/10.0
• Rent growth +4.0/5.0
• 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

Attention all buyers, investors, and house hackers. Feast your eyes on this fully rented duplex currently bringing $1805 per month total gross rental income (Section 8). The tenants pay $900 and $905. Each tenant pays all of their own utilities except water. The current owner has made many recent upgrades. This property is set to be a performer for years to come. No showings without an accepted offer. Please do not disturb the current occupants!

Key facts

• 3,920 sq ft lot
• 2 parking spots
• Built 1925

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $118k (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 rising fast (+6.1%/yr); 346 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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).
• At $1,614/mo this rent would consume 58% of the median local household income ($33k/yr) (locally 2172% 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 $898 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.
• At projected returns (-3.0% appreciation + 6.1% rent growth), your $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 14y 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 $55k; list at $130k implies a 136% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,209 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 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 1925 — 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: 1.24% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.53%
• DSCR: 1.47
• GRM: 6.7

CMA / ARV

• ARV (median comp): $86,973
• List price: $129,900
• Delta: 49.36%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.13×
• Total profit: $4,590
• Equity at exit: $19,369

10-year hold

• IRR: 15.6%
• Equity multiple: 2.47×
• Total profit: $53,426
• Equity at exit: $11,231

Cash invested: $36,372 (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 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 346
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,614 high
• Mortgage (P&I): −$681
• Tax from tax record: −$221 /mo · $2,646/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $319

Break-even live

Break-even rent $1,210

Max offer price $129,900

Occupancy floor 75%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4341 Glendale St Detroit, MI	4.0	2.5	1832	$1,680	$0.92	5d	1	0.18mi
13225 Santa Rosa Dr Detroit, MI	5.0	2.0	2100	$1,700	$0.81	5d	1	0.20mi
12546 Broadstreet Ave Detroit, MI	3.0	1.5	1899	$1,250	$0.66	44d	1	0.30mi
3747 Tyler St Detroit, MI	3.0	1.0	2600	$1,700	$0.65	24d	1	0.39mi
2986 Richton St Detroit, MI	3.0	1.0	2600	$1,200	$0.46	16d	1	0.84mi
3322 Webb St Detroit, MI	3.0	1.0	1600	$1,250	$0.78	16d	1	0.87mi
3322 Webb St Unit 2 Detroit, MI	3.0	1.0	1656	$1,350	$0.82	43d	1	0.88mi
3322 Webb St Unit 1 Detroit, MI	3.0	1.0	1656	$1,350	$0.82	43d	1	0.88mi
3241 Lawrence St Detroit, MI	4.0	2.0	2636	$1,800	$0.68	16d	1	1.04mi
3031 Lawrence St Detroit, MI	4.0	1.0	1700	$1,600	$0.94	16d	1	1.09mi
12650 Griggs St Detroit, MI	3.0	2.0	1628	$1,375	$0.84	24d	1	1.25mi
2655 Collingwood St Detroit, MI	4.0	1.5	1881	$2,700	$1.44	1d	1	1.29mi
15537 Normandy St Detroit, MI	3.0	1.0	2626	$1,400	$0.53	43d	1	1.49mi

Listing history 39 events

1. 2026-06-18
   days on market $129,900 Active 92 DOM
2. 2026-06-17
   days on market $129,900 Active 91 DOM
3. 2026-06-15
   days on market $129,900 Active 89 DOM
4. 2026-06-13
   days on market $129,900 Active 87 DOM
5. 2026-06-13
   days on market $129,900 Active 86 DOM
6. 2026-06-09
   days on market $129,900 Active 83 DOM
7. 2026-06-08
   days on market $129,900 Active 82 DOM
8. 2026-06-07
   statusdays on market $129,900 Active 81 DOM
9. 2026-06-04
   days on market $129,900 Active Under Contract 78 DOM
10. 2026-06-03
    days on market $129,900 Active Under Contract 77 DOM
11. 2026-06-01
    days on market $129,900 Active Under Contract 75 DOM
12. 2026-05-31
    days on market $129,900 Active Under Contract 74 DOM
13. 2026-05-19
    historical Accepting Backup Offers 449-char remark

    Show marketing remark (450 chars)

    Attention all buyers, investors, and house hackers. Feast your eyes on this fully rented duplex currently bringing $1805 per month total gross rental income (Section 8). The tenants pay $900 and $905. Each tenant pays all of their own utilities except water. The current owner has made many recent upgrades. This property is set to be a performer for years to come. No showings without an accepted offer. Please do not disturb the current occupants!

14. 2026-05-19
    historical Active Under Contract 450-char remark

    Show marketing remark (450 chars)

    Attention all buyers, investors, and house hackers. Feast your eyes on this fully rented duplex currently bringing $1805 per month total gross rental income (Section 8). The tenants pay $900 and $905. Each tenant pays all of their own utilities except water. The current owner has made many recent upgrades. This property is set to be a performer for years to come. No showings without an accepted offer. Please do not disturb the current occupants!

15. 2026-03-18
    listed $129,900 Active 450-char remark

    Show marketing remark (449 chars)

    Attention all buyers, investors, and house hackers. Feast your eyes on this fully rented duplex currently bringing $1805 per month total gross rental income (Section 8). The tenants pay $900 and $905. Each tenant pays all of their own utilities except water. The current owner has made many recent upgrades. This property is set to be a performer for years to come. No showings without an accepted offer. Please do not disturb the current occupants!

16. 2026-03-18
    listed $129,900 Active 449-char remark

    Show marketing remark (449 chars)

    Attention all buyers, investors, and house hackers. Feast your eyes on this fully rented duplex currently bringing $1805 per month total gross rental income (Section 8). The tenants pay $900 and $905. Each tenant pays all of their own utilities except water. The current owner has made many recent upgrades. This property is set to be a performer for years to come. No showings without an accepted offer. Please do not disturb the current occupants!

17. 2026-01-29
    historical
18. 2026-01-29
    historical
19. 2025-10-28
    listed $130,000 Active
20. 2025-10-28
    listed $130,000 Active
21. 2023-11-12
    historical $900
22. 2023-10-20
    listed $900
23. 2023-10-09
    historical
24. 2023-10-09
    historical
25. 2023-08-31
    status Active
26. 2023-08-31
    status Active
27. 2023-08-18
    historical Accepting Backup Offers
28. 2023-08-18
    historical Accepting Backup Offers
29. 2023-07-21
    listed $110,000 Active
30. 2023-07-20
    listed $110,000 Active
31. 2021-04-07
    soldstatus $55,000
32. 2012-12-31
    historical
33. 2012-09-17
    listed $9,500
34. 2012-04-04
    soldstatus $4,500
35. 2012-04-04
    soldstatus $4,500
36. 2012-01-27
    historical
37. 2012-01-27
    historical
38. 2012-01-20
    listed $6,500
39. 2012-01-20
    listed $6,500

ⓘ 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: $2,646 · $221/mo
• Projected year-2 tax: $2,646 · $221/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 ≥97°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: $19,366
• − Mortgage interest: −$7,276
• − Property taxes: −$2,646
• − Insurance: −$650
• − Repairs & maintenance: −$1,549
• − Management: −$1,549
• − Depreciation: −$3,779
• Taxable income: $1,916
• Est. tax owed @ 24.0%: −$460
• After-tax cash flow: $3,369/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

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% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

+1898.5% since first listed

27 events — show timeline

• 2026-05-19 Contingent — MiRealSource-MiMLS
• 2026-05-19 Contingent — REALCOMP
• 2026-03-18 Listed $129,900 REALCOMP
• 2026-03-18 Listed $129,900 MiRealSource-MiMLS
• 2026-01-29 Listing Removed — MiRealSource-MiMLS
• 2026-01-29 Listing Removed — REALCOMP
• 2025-10-28 Listed $130,000 REALCOMP
• 2025-10-28 Listed $130,000 MiRealSource-MiMLS
• 2023-11-12 Rental Removed $900 APPFOLIO
• 2023-10-20 Listed for Rent $900 APPFOLIO
• 2023-10-09 Listing Removed — MiRealSource-MiMLS
• 2023-10-09 Listing Removed — REALCOMP
• 2023-08-31 Relisted — REALCOMP
• 2023-08-31 Relisted — MiRealSource-MiMLS
• 2023-08-18 Contingent — MiRealSource-MiMLS
• 2023-08-18 Contingent — REALCOMP
• 2023-07-21 Listed $110,000 REALCOMP
• 2023-07-20 Listed $110,000 MiRealSource-MiMLS
• 2021-04-07 Sold (Public Records) $55,000 Public Records
• 2012-12-31 Listing Removed — MiRealSource-MiMLS
• 2012-09-17 Listed $9,500 MiRealSource-MiMLS
• 2012-04-04 Sold (MLS) $4,500 MiRealSource-MiMLS
• 2012-04-04 Sold (MLS) $4,500 REALCOMP
• 2012-01-27 Listing Removed — MiRealSource-MiMLS
• 2012-01-27 Listing Removed — REALCOMP
• 2012-01-20 Listed $6,500 MiRealSource-MiMLS
• 2012-01-20 Listed $6,500 REALCOMP

Property tax history

+6.2%/yr

Latest (2025): $2,646 · -35.9% YoY. Source: county tax records.