16660 Whitcomb St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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 +25.4/30.0
- DSCR +8.4/10.0
- 1% rule +6.3/10.0
- Livability +3.7/5.0
- Rent growth +3.3/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$120,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
Key facts
- Covered front porch
- Brick bungalow
- Finished basement
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $120k.
Deal economics
- At list price, monthly cash flow is $276 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $120k).
- Recommended offer: $106k (12.0% 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; 40 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).
- This rent runs 41% 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 $830 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 136 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $22k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $90k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.13% ✓
- Cap rate
- 9.05%
- Cash-on-cash
- 9.85%
- DSCR
- 1.44
- GRM
- 7.4
CMA / ARV
- ARV (on-the-fly)
- $93,649
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 15868 Whitcomb St | 0.38mi | 3/1.0 (+1) | 1,332 (+1%) | 2mo | $95,000 | $71 | 74 |
| 16546 Sussex St St | 0.12mi | 3/2.0 (+1) | 1,400 (+6%) | 4mo | $203,000 | $145 | 72 |
| 16265 Ardmore St | 0.59mi | 3/1.0 (+1) | 1,333 (+1%) | 4mo | $49,000 | $37 | 62 |
| 15771 Rutherford St | 0.65mi | 3/1.0 (+1) | 1,289 (-2%) | 1mo | $55,106 | $43 | 60 |
| 16183 Freeland Street St | 0.57mi | 3/1.0 (+1) | 1,224 (-7%) | 3mo | $150,000 | $123 | 54 |
| 15727 Mansfield St | 0.73mi | 3/1.5 (+1) | 1,300 (-1%) | 3mo | $55,000 | $42 | 54 |
| 16727 Mansfield St | 0.49mi | 3/1.5 (+1) | 1,207 (-8%) | 3mo | $165,000 | $137 | 54 |
| 16141 Strathmoor St | 0.48mi | 3/1.0 (+1) | 1,200 (-9%) | 4mo | $45,000 | $38 | 54 |
| 15763 Robson St | 0.50mi | 2/1.5 | 1,485 (+13%) | 3mo | $58,500 | $39 | 52 |
| 15748 Freeland St | 0.74mi | 3/1.0 (+1) | 1,243 (-6%) | 4mo | $78,000 | $63 | 48 |
| 15721 Robson St | 0.56mi | 3/2.0 (+1) | 1,193 (-10%) | 4mo | $190,000 | $159 | 46 |
| 16199 Ferguson St | 0.74mi | 3/1.0 (+1) | 1,192 (-10%) | 4mo | $85,000 | $71 | 41 |
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
- IRR
- -1.2%
- Equity multiple
- 0.95×
- Total profit
- $-1,547
- Equity at exit
- $17,892
- IRR
- 8.7%
- Equity multiple
- 1.67×
- Total profit
- $22,664
- Equity at exit
- $10,375
Cash invested: $33,600 (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
ZIP-level market 48235
- Rents YoY
- 3.2%
- Active inventory
- 283
- Price-to-rent
- 7.4×
Monthly cashflow live
- Estimated rent
- $1,353 high interval (Pro) →
- Mortgage (P&I)
- −$629
- Tax from tax record
- −$114 /mo · $1,370/yr
- Insurance
- −$50
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$284
- Net cashflow
- $276
Break-even live
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
- $30,000
- Closing costs
- $3,600
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 16151 Robson St Detroit, MI | 3.0 | 1.0 | 1300 | $1,525 | $1.17 | 14d | 1 | 0.33mi |
| 17165 Prevost St Detroit, MI | 3.0 | 1.0 | 1060 | $2,400 | $2.26 | 1d | 1 | 0.45mi |
| 15810 Robson St Detroit, MI | 3.0 | 1.0 | 1142 | $1,500 | $1.31 | 24d | 1 | 0.49mi |
| 17201 Saint Marys St Detroit, MI | 2.0 | 1.0 | 1200 | $1,200 | $1.00 | 2d | 1 | 0.62mi |
| 15866 Mansfield St Detroit, MI | 3.0 | 1.0 | 1324 | $1,425 | $1.08 | 24d | 1 | 0.64mi |
| 15468 Sussex St #2 Detroit, MI | 2.0 | 1.0 | 900 | $1,250 | $1.39 | 43d | 1 | 0.66mi |
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1700 | $1,345 | $0.79 | 43d | 1 | 0.68mi |
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 10d | 1 | 0.68mi |
| 15762 Mark Twain St Detroit, MI | 3.0 | 2.0 | 1430 | $1,250 | $0.87 | 16d | 1 | 0.69mi |
| 15752 Rutherford St Detroit, MI | 3.0 | 2.0 | 1174 | $1,386 | $1.18 | 4d | 1 | 0.69mi |
| 16535 Asbury Park Detroit, MI | 3.0 | 1.5 | 1152 | $1,450 | $1.26 | 24d | 1 | 0.70mi |
| 15330 Coyle St Unit 2 Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 24d | 1 | 0.81mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,375 | $1.38 | 24d | 1 | 0.81mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,425 | $1.43 | 12d | 1 | 0.81mi |
| 15328 Coyle St Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 17d | 1 | 0.81mi |
| 18427 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 952 | $980 | $1.03 | 4d | 1 | 0.82mi |
| 18257 Mark Twain St Detroit, MI | 3.0 | 1.0 | 1185 | $1,507 | $1.27 | 16d | 1 | 0.84mi |
| 18481 Prest St Detroit, MI | 3.0 | 1.5 | 1100 | $1,300 | $1.18 | 19d | 1 | 0.86mi |
| 18400 Rutherford St Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 3d | 1 | 0.88mi |
| 18010 Lesure St Detroit, MI | 3.0 | 1.0 | 1010 | $1,550 | $1.53 | 24d | 1 | 0.91mi |
| 15736 Biltmore St Detroit, MI | 3.0 | 1.5 | 1000 | $1,200 | $1.20 | 16d | 1 | 0.94mi |
| 15517 Lesure St Unit BDRM1A Detroit, MI | 2.0 | 1.0 | 1000 | $850 | $0.85 | 24d | 1 | 0.94mi |
| 15332 Saint Marys St Detroit, MI | 3.0 | 1.0 | 1200 | $1,200 | $1.00 | 16d | 1 | 0.97mi |
| 16876 Harlow Ave Unit (NO) Detroit, MI | 3.0 | 1.0 | 1250 | $1,350 | $1.08 | 43d | 1 | 0.99mi |
| 18675 Forrer St Detroit, MI | 3.0 | 1.0 | 1200 | $1,225 | $1.02 | 4d | 1 | 1.02mi |
| 15387 Lesure St Detroit, MI | 3.0 | 1.0 | 1064 | $1,350 | $1.27 | 12d | 1 | 1.04mi |
| 18964 Coyle St Detroit, MI | 3.0 | 1.0 | 1300 | $1,350 | $1.04 | 2d | 1 | 1.09mi |
| 16230 Cheyenne St Detroit, MI | 3.0 | 1.0 | 1653 | $1,450 | $0.88 | 43d | 1 | 1.09mi |
| 14893 Prest St Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 14d | 1 | 1.10mi |
| 14814 Sussex St Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 43d | 1 | 1.17mi |
| 15065 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 43d | 1 | 1.20mi |
| 15340 Hartwell St Detroit, MI | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 16d | 1 | 1.21mi |
| 14836 Rutherford St Unit 2 Detroit, MI | 2.0 | 1.0 | 1104 | $950 | $0.86 | 43d | 1 | 1.23mi |
| 18512 Schaefer Hwy Detroit, MI | 2.0 | 1.0 | 962 | $1,200 | $1.25 | 24d | 1 | 1.23mi |
| 14800 Woodmont Ave Detroit, MI | 3.0 | 2.0 | 1612 | $1,525 | $0.95 | 14d | 1 | 1.25mi |
| 16204 Steel St Detroit, MI | 3.0 | 1.0 | 969 | $1,150 | $1.19 | 43d | 1 | 1.26mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 4d | 1 | 1.30mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 12d | 1 | 1.30mi |
| 14903 Tracey St Detroit, MI | 3.0 | 1.0 | 1004 | $1,100 | $1.10 | 16d | 1 | 1.32mi |
| 14580 Forrer St Unit Unit Detroit, MI | 2.0 | 1.0 | 1300 | $900 | $0.69 | 19d | 1 | 1.33mi |
Listing history 12 events
-
2026-06-18days on market $120,000 Active 136 DOM
-
2026-06-17status $120,000 Active 135 DOM
-
2026-04-15status Pending 1064-char remark
Show marketing remark (1064 chars)
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
-
2026-04-15status Pending
Show marketing remark (1064 chars)
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
-
2026-04-08price $120,000 1064-char remark
Show marketing remark (1064 chars)
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
-
2026-04-07price $120,000
-
2026-01-10price $132,000 1064-char remark
Show marketing remark (1064 chars)
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
-
2026-01-10price $132,000
Show marketing remark (1064 chars)
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
-
2025-12-01$142,000 Active 1064-char remark
Show marketing remark (1064 chars)
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
-
2025-12-01$142,000 Active
Show marketing remark (1064 chars)
Inviting Brick bungalow with Timeless Charm and Room to Grow! Nestled in the heart of the Inglewood Park neighborhood, this classic 1940s home blends character, comfort, and potential. Step into 1,319 sq ft of thoughtfully laid-out space, featuring a bright living room with a cozy fireplace, a spacious eat-in kitchen, and a covered front porch perfect for morning coffee or evening chats. The property includes a 1,007 sq ft finished basement - ideal for a playroom, home gym, or extra storage - as well as a detached garage and fenced backyard, offering room for kids and pets to roam. With central air, forced-air heating, and durable brick construction, this home is built for year-round comfort. Located near schools, parks, and everyday essentials, it's a smart pick for families seeking a quiet residential vibe with urban convenience. Whether you're a first-time buyer or simply looking for a manageable and welcoming home, this one's full of promise. Priced to sell and full of possibilities - schedule your tour and picture your life at Whitcomb Street!
-
2025-09-11soldstatus $90,000
-
1992-03-18soldstatus $28,500
ⓘ 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
- $1,370 · $114/mo
- Projected year-2 tax
- $1,609 · $134/mo
- Expected delta
- +$239/yr (+$20/mo · 17.5%)
ⓘ 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
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,240
- − Mortgage interest
- −$6,722
- − Property taxes
- −$1,370
- − Insurance
- −$600
- − Repairs & maintenance
- −$1,299
- − Management
- −$1,299
- − Depreciation
- −$3,491
- Taxable income
- $1,459
- Est. tax owed @ 24.0%
- −$350
- After-tax cash flow
- $2,958/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
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
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+321.1% since first listed10 events — show timeline
- 2026-04-15 Pending — MiRealSource-MiMLS
- 2026-04-15 Pending — REALCOMP
- 2026-04-08 Price Changed $120,000 MiRealSource-MiMLS
- 2026-04-07 Price Changed $120,000 REALCOMP
- 2026-01-10 Price Changed $132,000 MiRealSource-MiMLS
- 2026-01-10 Price Changed $132,000 REALCOMP
- 2025-12-01 Listed $142,000 REALCOMP
- 2025-12-01 Listed $142,000 MiRealSource-MiMLS
- 2025-09-11 Sold (Public Records) $90,000 Public Records
- 1992-03-18 Sold (Public Records) $28,500 Public Records
Property tax history
-2.7%/yrLatest (2025): $1,370 · -39.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…