15390 Littlefield St · Detroit, MI 48227

$77,000

3 bd · 1.0 ba · 1,478 sqft · SingleFamily public records · 82 Days on market

Built 1928 3,920 sqft lot $52/sqft · at area comps Est $77k · at est.

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

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

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.3/15.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is an investment opportunity on Detroit's West Side. Brick bungalow would be a good candidate to flip or to fix up and rent. Spacious bedroom on upper level. Large covered front porch. Full basement. Cash or DSCR buyers only. Room sizes estimated. BATVAI.

Key facts

• Brick bungalow
• Full basement
• 3,920 sq ft lot

Tags

• BRICK BUNGALOW
• LARGE COVERED FRONT PORCH
• FULL BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $77k.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $77k).
• Recommended offer: $72k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.1% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.6%/yr); 391 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 43% of the median local income ($37k/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 $532 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 + 5.6% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 17 sale attempts since 27y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $25k; list at $77k implies a 208% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,380 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — 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: 1.71% ✓
• Cap rate: 14.10%
• Cash-on-cash: 27.89%
• DSCR: 2.24
• GRM: 4.9

CMA / ARV

• ARV (median comp): $76,702
• List price: $77,000
• Delta: 0.39%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15841 Steel St	0.37mi	3/1.0	1,460 (-1%)	1mo	$50,000	$34	80
15087 Pinehurst St	0.50mi	3/1.0	1,497 (+1%)	4mo	$55,000	$37	71
14905 Littlefield St	0.34mi	3/1.0	1,368 (-7%)	1mo	$52,000	$38	71
15053 Littlefield St	0.21mi	3/2.0	1,286 (-13%)	2mo	$75,000	$58	63
15103 Cheyenne St	0.16mi	4/2.0 (+1)	1,317 (-11%)	4mo	$121,500	$92	62
14974 Cheyenne St	0.28mi	3/2.5	1,300 (-12%)	4mo	$155,000	$119	58
14931 Monte Vista St	0.51mi	3/1.5	1,307 (-12%)	0mo	$35,000	$27	55
16516 Appoline St	0.64mi	3/1.0	1,350 (-9%)	1mo	$39,500	$29	54
14889 Manor St	0.50mi	4/2.5 (+1)	1,375 (-7%)	0mo	$159,000	$116	54
16631 Sorrento St	0.71mi	4/2.0 (+1)	1,537 (+4%)	3mo	$154,400	$100	49
15771 Birwood St	0.62mi	3/1.5	1,290 (-13%)	0mo	$128,995	$100	48
16176 Tracey St	0.52mi	3/2.0	1,270 (-14%)	0mo	$70,000	$55	48

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 25.0%
• Equity multiple: 2.07×
• Total profit: $22,981
• Equity at exit: $11,481

10-year hold

• IRR: 34.3%
• Equity multiple: 4.55×
• Total profit: $76,446
• Equity at exit: $6,658

Cash invested: $21,560 (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 48227

• Rents YoY: 5.6%
• Active inventory: 391
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,318 high
• Mortgage (P&I): −$404
• Tax from tax record: −$104 /mo · $1,250/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $501

Break-even live

Break-even rent $684

Max offer price $77,000

Occupancy floor 57%

Sensitivity live

Price	-10% $545	-5% $523	+0% $501	+5% $479	+10% $457
Rent	-10% $397	-5% $449	+0% $501	+5% $553	+10% $605
Rate	-1.0pp $540	-0.5pp $521	base $501	+0.5pp $481	+1.0pp $461

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: $19,250
• Closing costs: $2,310
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	17d	1	0.13mi
15088 Littlefield St Detroit, MI	2.0	1.0	1294	$1,275	$0.99	22d	1	0.19mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	13d	1	0.29mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	44d	1	0.30mi
15517 Lesure St Unit BDRM1A Detroit, MI	2.0	1.0	1000	$850	$0.85	25d	1	0.31mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	44d	1	0.39mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	17d	1	0.42mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	44d	1	0.49mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	44d	1	0.51mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	44d	1	0.54mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	17d	1	0.57mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	5d	1	0.57mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	0.57mi
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	5d	1	0.64mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	11d	1	0.65mi
16505 Stansbury St Detroit, MI	3.0	1.0	1700	$1,345	$0.79	44d	1	0.65mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	25d	1	0.65mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	3d	1	0.69mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	44d	1	0.79mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	44d	1	0.79mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	17d	1	0.81mi
14559 Strathmoor St Detroit, MI	2.0	1.0	1033	$1,150	$1.11	21d	1	0.84mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	17d	1	0.87mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.88mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	18d	1	0.90mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	25d	1	0.91mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	25d	1	0.91mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	13d	1	0.91mi
15468 Sussex St #2 Detroit, MI	2.0	1.0	900	$1,250	$1.39	44d	1	0.96mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	15d	1	0.97mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	5d	1	1.01mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	44d	1	1.06mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	18d	1	1.08mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	44d	1	1.08mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	44d	1	1.09mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	18d	1	1.10mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	21d	1	1.11mi
15791 Cherrylawn St Detroit, MI	2.0	1.0	1792	$1,100	$0.61	44d	1	1.12mi
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	44d	1	1.17mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	18d	1	1.17mi

Listing history 48 events

1. 2026-06-21
   days on market $77,000 Active 82 DOM
2. 2026-06-18
   days on market $77,000 Active 79 DOM
3. 2026-06-17
   days on market $77,000 Active 78 DOM
4. 2026-06-15
   days on market $77,000 Active 76 DOM
5. 2026-06-13
   days on market $77,000 Active 74 DOM
6. 2026-06-13
   days on market $77,000 Active 73 DOM
7. 2026-06-09
   days on market $77,000 Active 70 DOM
8. 2026-06-08
   days on market $77,000 Active 69 DOM
9. 2026-06-07
   days on market $77,000 Active 68 DOM
10. 2026-06-04
    days on market $77,000 Active 65 DOM
11. 2026-06-03
    days on market $77,000 Active 64 DOM
12. 2026-06-02
    days on market $77,000 Active 63 DOM
13. 2026-06-01
    days on market $77,000 Active 62 DOM
14. 2026-05-31
    days on market $77,000 Active 61 DOM
15. 2026-03-31
    listed $77,000 Active 260-char remark

    Show marketing remark (260 chars)

    Here is an investment opportunity on Detroit's West Side. Brick bungalow would be a good candidate to flip or to fix up and rent. Spacious bedroom on upper level. Large covered front porch. Full basement. Cash or DSCR buyers only. Room sizes estimated. BATVAI.

16. 2026-03-31
    listed $77,000 Active 260-char remark

    Show marketing remark (260 chars)

    Here is an investment opportunity on Detroit's West Side. Brick bungalow would be a good candidate to flip or to fix up and rent. Spacious bedroom on upper level. Large covered front porch. Full basement. Cash or DSCR buyers only. Room sizes estimated. BATVAI.

17. 2017-09-28
    soldstatus $25,000 Sold
18. 2017-09-28
    soldstatus $25,000 Closed
19. 2017-08-31
    status Pending
20. 2017-08-31
    status Pending
21. 2017-08-27
    listed $29,000 Active
22. 2017-08-26
    listed $29,000 Active
23. 2017-08-16
    historical
24. 2017-08-16
    historical
25. 2017-07-14
    status Active
26. 2017-07-12
    historical
27. 2017-05-18
    status Active
28. 2017-05-18
    status Active
29. 2017-04-22
    status Pending
30. 2017-04-22
    status Pending
31. 2017-04-14
    status Active
32. 2017-04-13
    status Active
33. 2017-03-08
    status Pending
34. 2017-03-08
    status Pending
35. 2017-03-06
    listed $29,900 Active
36. 2017-03-05
    listed $29,900 Active
37. 2017-03-04
    historical
38. 2017-03-04
    historical
39. 2017-02-15
    listed $32,500 Active
40. 2017-02-15
    listed $32,500 Active
41. 2011-09-02
    historical
42. 2011-09-02
    historical
43. 2010-09-02
    listed $98,000
44. 2010-09-02
    listed $98,000
45. 2002-06-02
    historical
46. 2002-02-04
    listed $75,000
47. 2000-05-08
    historical
48. 1999-11-08
    listed $59,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,250 · $104/mo
• Projected year-2 tax: $1,250 · $104/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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,813
• − Mortgage interest: −$4,313
• − Property taxes: −$1,250
• − Insurance: −$385
• − Repairs & maintenance: −$1,265
• − Management: −$1,265
• − Depreciation: −$2,240
• Taxable income: $5,095
• Est. tax owed @ 24.0%: −$1,223
• After-tax cash flow: $4,789/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

+28.5% since first listed

34 events — show timeline

• 2026-03-31 Listed $77,000 MiRealSource-MiMLS
• 2026-03-31 Listed $77,000 REALCOMP
• 2017-09-28 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2017-09-28 Sold (MLS) $25,000 REALCOMP
• 2017-08-31 Pending — MiRealSource-MiMLS
• 2017-08-31 Pending — REALCOMP
• 2017-08-27 Listed $29,000 MiRealSource-MiMLS
• 2017-08-26 Listed $29,000 REALCOMP
• 2017-08-16 Listing Removed — REALCOMP
• 2017-08-16 Listing Removed — MiRealSource-MiMLS
• 2017-07-14 Relisted — REALCOMP
• 2017-07-12 Listing Removed — REALCOMP
• 2017-05-18 Relisted — MiRealSource-MiMLS
• 2017-05-18 Relisted — REALCOMP
• 2017-04-22 Pending — MiRealSource-MiMLS
• 2017-04-22 Pending — REALCOMP
• 2017-04-14 Relisted — MiRealSource-MiMLS
• 2017-04-13 Relisted — REALCOMP
• 2017-03-08 Pending — MiRealSource-MiMLS
• 2017-03-08 Pending — REALCOMP
• 2017-03-06 Listed $29,900 MiRealSource-MiMLS
• 2017-03-05 Listed $29,900 REALCOMP
• 2017-03-04 Listing Removed — REALCOMP
• 2017-03-04 Listing Removed — MiRealSource-MiMLS
• 2017-02-15 Listed $32,500 MiRealSource-MiMLS
• 2017-02-15 Listed $32,500 REALCOMP
• 2011-09-02 Listing Removed — REALCOMP
• 2011-09-02 Listing Removed — MiRealSource-MiMLS
• 2010-09-02 Listed $98,000 REALCOMP
• 2010-09-02 Listed $98,000 MiRealSource-MiMLS
• 2002-06-02 Listing Removed — REALCOMP
• 2002-02-04 Listed $75,000 REALCOMP
• 2000-05-08 Listing Removed — REALCOMP
• 1999-11-08 Listed $59,900 REALCOMP

Property tax history

+0.4%/yr

Latest (2025): $1,250 · -57.1% YoY. Source: county tax records.