9091 Warwick 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 99°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 +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +3.7/5.0
- ARV discount +2.7/15.0
- Condition / age +2.5/5.0
- Rent growth +1.9/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$69,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to 9091 Warwick - a solid 3-bedroom, 1-bath brick home located in Detroit's Warrendale neighborhood, a stable and high-demand rental area on the city's west side. This tenant-occupied property is professionally managed and currently generating $1,050/month in rent, with market rents estimated between $1,200–$1,400, offering immediate cash flow with strong upside potential. The lease is month-to-month, providing flexibility for future rent adjustments or occupancy plans. Leases and ledgers are available upon request - please reach out for additional details. Accepted offer prior to showing. Package opportunity available - seller is offering a portfolio including this property along with 1601 S Bassett St, Detroit, MI 48217 (not yet listed on the MLS); 19944 Hull St, Highland Park, MI 48203; 3952 Stockton St, Detroit, MI 48234, 8294 Rosemont Ave, Detroit, MI 48228. Contact listing agent for full details. Don't miss the opportunity to add a durable brick asset in a well-established neighborhood to your portfolio.
Key facts
- Immediate cash flow
- Tenant occupied
- Brick home
Tags
Property features AI
Finance
- Other: Located in FITZPATRICKS VILLAS subdivision; Directions: North of Joy Road / East of Evergreen Road
Exterior
- Parking: Detached garage (1 car)
- Utilities: Public water; Public sewer
- Home design: Single-family residence; One and one-half stories; Ground-level entry with steps; Brick construction; Asphalt roof
- Construction: Brick construction; Block foundation
- Exterior features: Porch; Back yard fencing; Paved road access
Interior
- Kitchen: No kitchen appliance list provided
- Bedrooms: Total of 4 rooms (includes bedrooms and living spaces)
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating (natural gas); No cooling
- Interior features: Gas water heater; Unfinished basement; Lighting
- Laundry & utility: Washer hookup; Gas dryer hookup
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $70k.
Deal economics
- At list price, monthly cash flow is $352 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $70k).
- Recommended offer: $69k (1.5% below list) — sets the bar for market timing.
- Cap rate 12.3% vs local median 10.1% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
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 soft (-2.3%/yr); 369 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- At $1,219/mo this rent would consume 48% of the median local household income ($31k/yr) (locally 4144% 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 $483 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 + 0.0% rent growth), your $20k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 30 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 4y 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 $50k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: property tax is 3.7% of price; built in 1946 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 1.74% ✓
- Cap rate
- 12.34%
- Cash-on-cash
- 21.58%
- DSCR
- 1.96
- GRM
- 4.8
CMA / ARV
- ARV (on-the-fly)
- $63,189
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 9221 Grandville Ave | 0.14mi | 3/1.0 | 971 (-9%) | 2mo | $135,000 | $139 | 76 |
| 8427 Piedmont St | 0.44mi | 3/1.0 | 1,056 (-1%) | 2mo | $62,000 | $59 | 76 |
| 9317 Artesian St | 0.19mi | 2/1.0 (-1) | 994 (-7%) | 1mo | $25,000 | $25 | 73 |
| 8626 Brace St | 0.38mi | 3/1.0 | 1,124 (+5%) | 2mo | $65,000 | $58 | 73 |
| 9934 Warwick St | 0.49mi | 3/1.0 | 1,018 (-5%) | 2mo | $70,000 | $69 | 68 |
| 8449 Penrod St | 0.56mi | 3/1.0 | 1,011 (-6%) | 0mo | $95,000 | $94 | 65 |
| 9570 Westwood St | 0.39mi | 3/1.0 | 1,188 (+11%) | 1mo | $80,000 | $67 | 63 |
| 9328 Patton St | 0.74mi | 3/1.0 | 1,062 (-1%) | 1mo | $50,000 | $47 | 63 |
| 9116 Patton St | 0.72mi | 3/1.0 | 1,029 (-4%) | 1mo | $45,000 | $44 | 59 |
| 10006 Auburn St | 0.63mi | 3/1.0 | 1,150 (+7%) | 1mo | $63,000 | $55 | 57 |
| 9977 Evergreen Ave | 0.69mi | 3/1.0 | 1,150 (+7%) | 2mo | $86,000 | $75 | 54 |
| 8418 Grandville Ave | 0.45mi | 3/1.0 | 1,229 (+15%) | 2mo | $60,000 | $49 | 53 |
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
- IRR
- 10.3%
- Equity multiple
- 1.39×
- Total profit
- $7,618
- Equity at exit
- $10,422
- IRR
- 16.4%
- Equity multiple
- 2.13×
- Total profit
- $22,093
- Equity at exit
- $6,044
Cash invested: $19,572 (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 48228
- Rents YoY
- -2.3%
- Active inventory
- 369
- Price-to-rent
- 4.8×
Monthly cashflow live
- Estimated rent
- $1,219 high interval (Pro) →
- Mortgage (P&I)
- −$367
- Tax from tax record
- −$215 /mo · $2,581/yr
- Insurance
- −$29
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$256
- Net cashflow
- $352
Break-even live
Sensitivity live
| Price | -10% $392 | -5% $372 | +0% $352 | +5% $332 | +10% $312 |
|---|---|---|---|---|---|
| Rent | -10% $256 | -5% $304 | +0% $352 | +5% $400 | +10% $448 |
| Rate | -1.0pp $387 | -0.5pp $370 | base $352 | +0.5pp $334 | +1.0pp $315 |
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
- $17,475
- Closing costs
- $2,097
- 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 |
|---|---|---|---|---|---|---|---|---|
| 9090 Stahelin Ave Detroit, MI | 2.0 | 1.0 | 787 | $1,250 | $1.59 | 44d | 1 | 0.17mi |
| 19301 Joy Rd Apt 1 Detroit, MI | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 44d | 1 | 0.27mi |
| 19449 W Chicago St Detroit, MI | 3.0 | 1.5 | 950 | $1,500 | $1.58 | 44d | 1 | 0.33mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 22d | 1 | 0.35mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 18d | 1 | 0.35mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 2d | 15 | 0.45mi |
| 8850 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 933 | $1,100 | $1.18 | 18d | 1 | 0.50mi |
| 8451 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 867 | $1,150 | $1.33 | 44d | 1 | 0.61mi |
| 9108 Archdale St Detroit, MI | 3.0 | 1.0 | 1000 | $1,300 | $1.30 | 5d | 1 | 0.66mi |
| 8283 Vaughan St Detroit, MI | 3.0 | 1.0 | 1058 | $1,294 | $1.22 | 5d | 1 | 0.71mi |
| 8262 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 836 | $1,200 | $1.44 | 5d | 1 | 0.72mi |
| 9401 Fielding St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.73mi |
| 20529 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.73mi |
| 9410 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.74mi |
| 20522 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 0.74mi |
| 20541 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.74mi |
| 20545 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.75mi |
| 20547 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.75mi |
| 9404 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.75mi |
| 20550 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.76mi |
| 20619 W Chicago Detroit, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 44d | 1 | 0.79mi |
| 7794 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 17d | 1 | 0.90mi |
| 11704 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1046 | $1,300 | $1.24 | 25d | 1 | 0.92mi |
| 9059 Burt Rd Detroit, MI | 3.0 | 1.0 | 980 | $1,400 | $1.43 | 44d | 1 | 0.92mi |
| 20431 Tireman St Detroit, MI | 3.0 | 1.0 | 1020 | $1,350 | $1.32 | 18d | 1 | 0.97mi |
| 20921 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 0.98mi |
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 17d | 1 | 0.99mi |
| 20935 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.99mi |
| 20937 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 0.99mi |
| 20945 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 1.00mi |
| 9416 Trinity St Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 1.00mi |
| 11652 Fielding St Detroit, MI | 3.0 | 1.0 | 1000 | $1,386 | $1.39 | 44d | 1 | 1.05mi |
| 10030 Abington Ave Detroit, MI | 4.0 | 2.0 | 1350 | $1,475 | $1.09 | 11d | 1 | 1.07mi |
| 8270 Trinity St Detroit, MI | 3.0 | 1.0 | 806 | $1,528 | $1.90 | 44d | 1 | 1.09mi |
| 12084 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 1.10mi |
| 7411 Stout St Detroit, MI | 3.0 | 1.0 | 888 | $1,428 | $1.61 | 13d | 1 | 1.18mi |
| 9220 Mansfield St Detroit, MI | 3.0 | 1.0 | 1200 | $1,300 | $1.08 | 44d | 1 | 1.26mi |
| 9345 Rutherford St Unit 3 Detroit, MI | 2.0 | 1.0 | 850 | $1,050 | $1.24 | 25d | 1 | 1.30mi |
| 9589 Mansfield St Detroit, MI | 4.0 | 1.0 | 1250 | $1,500 | $1.20 | 5d | 1 | 1.31mi |
| 7265 Braile St Detroit, MI | 3.0 | 1.0 | 1200 | $1,499 | $1.25 | 25d | 1 | 1.37mi |
Listing history 13 events
-
2026-05-06status Pending 1052-char remark
Show marketing remark (1052 chars)
Welcome to 9091 Warwick - a solid 3-bedroom, 1-bath brick home located in Detroit's Warrendale neighborhood, a stable and high-demand rental area on the city's west side. This tenant-occupied property is professionally managed and currently generating $1,050/month in rent, with market rents estimated between $1,200–$1,400, offering immediate cash flow with strong upside potential. The lease is month-to-month, providing flexibility for future rent adjustments or occupancy plans. Leases and ledgers are available upon request - please reach out for additional details. Accepted offer prior to showing. Package opportunity available - seller is offering a portfolio including this property along with 1601 S Bassett St, Detroit, MI 48217 (not yet listed on the MLS); 19944 Hull St, Highland Park, MI 48203; 3952 Stockton St, Detroit, MI 48234, 8294 Rosemont Ave, Detroit, MI 48228. Contact listing agent for full details. Don't miss the opportunity to add a durable brick asset in a well-established neighborhood to your portfolio.
-
2026-05-06status Pending
Show marketing remark (1052 chars)
Welcome to 9091 Warwick - a solid 3-bedroom, 1-bath brick home located in Detroit's Warrendale neighborhood, a stable and high-demand rental area on the city's west side. This tenant-occupied property is professionally managed and currently generating $1,050/month in rent, with market rents estimated between $1,200–$1,400, offering immediate cash flow with strong upside potential. The lease is month-to-month, providing flexibility for future rent adjustments or occupancy plans. Leases and ledgers are available upon request - please reach out for additional details. Accepted offer prior to showing. Package opportunity available - seller is offering a portfolio including this property along with 1601 S Bassett St, Detroit, MI 48217 (not yet listed on the MLS); 19944 Hull St, Highland Park, MI 48203; 3952 Stockton St, Detroit, MI 48234, 8294 Rosemont Ave, Detroit, MI 48228. Contact listing agent for full details. Don't miss the opportunity to add a durable brick asset in a well-established neighborhood to your portfolio.
-
2026-04-10historical Accepting Backup Offers 1052-char remark
Show marketing remark (1052 chars)
Welcome to 9091 Warwick - a solid 3-bedroom, 1-bath brick home located in Detroit's Warrendale neighborhood, a stable and high-demand rental area on the city's west side. This tenant-occupied property is professionally managed and currently generating $1,050/month in rent, with market rents estimated between $1,200–$1,400, offering immediate cash flow with strong upside potential. The lease is month-to-month, providing flexibility for future rent adjustments or occupancy plans. Leases and ledgers are available upon request - please reach out for additional details. Accepted offer prior to showing. Package opportunity available - seller is offering a portfolio including this property along with 1601 S Bassett St, Detroit, MI 48217 (not yet listed on the MLS); 19944 Hull St, Highland Park, MI 48203; 3952 Stockton St, Detroit, MI 48234, 8294 Rosemont Ave, Detroit, MI 48228. Contact listing agent for full details. Don't miss the opportunity to add a durable brick asset in a well-established neighborhood to your portfolio.
-
2026-04-10historical Active Under Contract
Show marketing remark (1052 chars)
Welcome to 9091 Warwick - a solid 3-bedroom, 1-bath brick home located in Detroit's Warrendale neighborhood, a stable and high-demand rental area on the city's west side. This tenant-occupied property is professionally managed and currently generating $1,050/month in rent, with market rents estimated between $1,200–$1,400, offering immediate cash flow with strong upside potential. The lease is month-to-month, providing flexibility for future rent adjustments or occupancy plans. Leases and ledgers are available upon request - please reach out for additional details. Accepted offer prior to showing. Package opportunity available - seller is offering a portfolio including this property along with 1601 S Bassett St, Detroit, MI 48217 (not yet listed on the MLS); 19944 Hull St, Highland Park, MI 48203; 3952 Stockton St, Detroit, MI 48234, 8294 Rosemont Ave, Detroit, MI 48228. Contact listing agent for full details. Don't miss the opportunity to add a durable brick asset in a well-established neighborhood to your portfolio.
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2026-04-07$69,900 Active
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2026-04-06$69,900 Active 1052-char remark
Show marketing remark (1052 chars)
Welcome to 9091 Warwick - a solid 3-bedroom, 1-bath brick home located in Detroit's Warrendale neighborhood, a stable and high-demand rental area on the city's west side. This tenant-occupied property is professionally managed and currently generating $1,050/month in rent, with market rents estimated between $1,200–$1,400, offering immediate cash flow with strong upside potential. The lease is month-to-month, providing flexibility for future rent adjustments or occupancy plans. Leases and ledgers are available upon request - please reach out for additional details. Accepted offer prior to showing. Package opportunity available - seller is offering a portfolio including this property along with 1601 S Bassett St, Detroit, MI 48217 (not yet listed on the MLS); 19944 Hull St, Highland Park, MI 48203; 3952 Stockton St, Detroit, MI 48234, 8294 Rosemont Ave, Detroit, MI 48228. Contact listing agent for full details. Don't miss the opportunity to add a durable brick asset in a well-established neighborhood to your portfolio.
-
2022-03-09soldstatus $50,000
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2022-02-28soldstatus $50,000 Sold 333-char remark
Show marketing remark (333 chars)
Welcome Home to Warwick! Three bedroom, one bath brick bungalow on Detroit's West side. Hardwood floors throughout. Currently occupied by the same tenants for the last ten years. Showings available only upon contact with agent. Incredible opportunity for investment home or first time home buyer. Contact agent for additional photos.
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2022-02-28soldstatus $50,000 Closed
Show marketing remark (333 chars)
Welcome Home to Warwick! Three bedroom, one bath brick bungalow on Detroit's West side. Hardwood floors throughout. Currently occupied by the same tenants for the last ten years. Showings available only upon contact with agent. Incredible opportunity for investment home or first time home buyer. Contact agent for additional photos.
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2022-02-22status Pending
Show marketing remark (333 chars)
Welcome Home to Warwick! Three bedroom, one bath brick bungalow on Detroit's West side. Hardwood floors throughout. Currently occupied by the same tenants for the last ten years. Showings available only upon contact with agent. Incredible opportunity for investment home or first time home buyer. Contact agent for additional photos.
-
2022-02-22status Pending 333-char remark
Show marketing remark (333 chars)
Welcome Home to Warwick! Three bedroom, one bath brick bungalow on Detroit's West side. Hardwood floors throughout. Currently occupied by the same tenants for the last ten years. Showings available only upon contact with agent. Incredible opportunity for investment home or first time home buyer. Contact agent for additional photos.
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2022-02-11$55,000 Active 333-char remark
Show marketing remark (333 chars)
Welcome Home to Warwick! Three bedroom, one bath brick bungalow on Detroit's West side. Hardwood floors throughout. Currently occupied by the same tenants for the last ten years. Showings available only upon contact with agent. Incredible opportunity for investment home or first time home buyer. Contact agent for additional photos.
-
2022-02-11$55,000 Active
Show marketing remark (333 chars)
Welcome Home to Warwick! Three bedroom, one bath brick bungalow on Detroit's West side. Hardwood floors throughout. Currently occupied by the same tenants for the last ten years. Showings available only upon contact with agent. Incredible opportunity for investment home or first time home buyer. Contact agent for additional photos.
ⓘ 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
- $2,581 · $215/mo
- Projected year-2 tax
- $2,581 · $215/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 ≥99°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
- $14,624
- − Mortgage interest
- −$3,915
- − Property taxes
- −$2,581
- − Insurance
- −$350
- − Repairs & maintenance
- −$1,170
- − Management
- −$1,170
- − Depreciation
- −$2,033
- Taxable income
- $3,405
- Est. tax owed @ 24.0%
- −$817
- After-tax cash flow
- $3,407/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
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)
- 50,117
- Household income
- $30,680
- Rent vs Own
- Severe rent burden
- 4144.0
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 (71%)
- Race & ethnicity
- Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 2%
- Common ancestry
- Arab 2% Romanian 2% Lithuanian 1%
- Foreign-born
- 11% · Canada
- Languages at home
- 82% English-only · Arabic 11% Spanish 5%
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
- ▼ -160.81%
- Current HPI
- 168.6843
- Rent YoY
- ▼ -2.30%
- 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
+27.1% since first listed13 events — show timeline
- 2026-05-06 Pending — MiRealSource-MiMLS
- 2026-05-06 Pending — REALCOMP
- 2026-04-10 Contingent — MiRealSource-MiMLS
- 2026-04-10 Contingent — REALCOMP
- 2026-04-07 Listed $69,900 REALCOMP
- 2026-04-06 Listed $69,900 MiRealSource-MiMLS
- 2022-03-09 Sold (Public Records) $50,000 Public Records
- 2022-02-28 Sold (MLS) $50,000 MiRealSource-MiMLS
- 2022-02-28 Sold (MLS) $50,000 REALCOMP
- 2022-02-22 Pending — MiRealSource-MiMLS
- 2022-02-22 Pending — REALCOMP
- 2022-02-11 Listed $55,000 MiRealSource-MiMLS
- 2022-02-11 Listed $55,000 REALCOMP
Property tax history
+5.8%/yrLatest (2025): $2,581 · -37.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…