19189 Dresden St · Detroit, MI 48205

$109,900

3 bd · 1.0 ba · 890 sqft · SingleFamily public records · 9 Days on market

Built 1940 5,227 sqft lot

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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 +20.4/30.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• DSCR +6.5/10.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 19189 Dresden Street, Detroit, MI 48205! This beautifully updated 3-bedroom, 1-bath bungalow offers 890 square feet of comfortable living space with modern updates throughout. Step inside to an open and inviting main floor featuring updated flooring, fresh finishes, and a functional layout perfect for everyday living. The fully remodeled bathroom adds a stylish touch, while the newer appliances make the kitchen move-in ready. Whether you're a first-time homebuyer or an investor looking to add to your portfolio, this well-maintained home offers exceptional value. Conveniently located near schools, shopping, dining, and major roadways, this updated bungalow is ready for its next owner to move right in and enjoy.

Key facts

• 5,227 sq ft lot
• Built 1940
• Listed 9 days

Property features AI

Exterior

• Utilities: Natural gas water heater
• Home design: Single family residence; Residential property
• Construction: Built in 1940; Aluminum siding; Shingle roof
• Exterior features: Lot approximately 0.12 acres; Public water

Interior

• Kitchen: Kitchen (12 x 10); Microwave; Range; Refrigerator
• Bedrooms: Primary bedroom (20 x 12); Bedroom 2 (10 x 10); Bedroom 3 (10 x 10)
• Bathrooms: 1 full bathroom; Primary bathroom
• Heating & cooling: Forced air heating
• Interior features: Six total rooms; Full basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 7.9% vs local median 10.2% 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: 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 (+1.3%/yr); 373 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $760 of loan paydown is wiped out by about $3k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 24 sale attempts since 11y 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 $110k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,900

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.20% ✓
• Cap rate: 7.85%
• Cash-on-cash: 5.57%
• DSCR: 1.25
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $60,520
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19161 Hamburg St	0.13mi	3/1.0	960 (+8%)	2mo	$116,000	$121	80
18982 Hamburg St	0.21mi	3/1.0	952 (+7%)	3mo	$45,000	$47	76
19361 Beland St	0.48mi	3/1.0	901 (+1%)	2mo	$47,500	$53	74
18488 Waltham St	0.47mi	3/1.0	902 (+1%)	4mo	$56,000	$62	73
19616 Westphalia St	0.50mi	3/1.0	884 (-1%)	4mo	$60,000	$68	73
19140 Algonac St	0.50mi	2/1.0 (-1)	892 (+0%)	1mo	$46,000	$52	70
19633 Barlow St	0.35mi	3/1.5	962 (+8%)	3mo	$72,000	$75	66
19730 Goulburn St	0.49mi	3/1.5	977 (+10%)	1mo	$114,000	$117	58
19758 Waltham St	0.46mi	3/1.0	790 (-11%)	3mo	$6,000	$8	57
18696 Blackmoor St	0.70mi	3/1.0	1,010 (+14%)	0mo	$77,500	$77	45
17892 Runyon St	0.71mi	3/1.5	995 (+12%)	2mo	$56,000	$56	44
20259 Bradford St	0.72mi	4/1.0 (+1)	979 (+10%)	4mo	$68,000	$69	42

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.65×
• Total profit: $-10,784
• Equity at exit: $16,386

10-year hold

• IRR: -3.1%
• Equity multiple: 0.81×
• Total profit: $-5,894
• Equity at exit: $9,502

Cash invested: $30,772 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,319 high
• Mortgage (P&I): −$576
• Tax from tax record: −$277 /mo · $3,320/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $143

Break-even live

Break-even rent $1,138

Max offer price $109,900

Occupancy floor 84%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	43d	1	0.26mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	0.26mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.32mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.35mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	0.44mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	43d	1	0.52mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.56mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	21d	1	0.56mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	0.58mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	17d	1	0.65mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	43d	1	0.65mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.67mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	0.69mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	17d	1	0.79mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	17d	1	0.80mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	17d	1	0.84mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	3d	1	0.84mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	0.96mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	17d	1	0.97mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	17d	1	1.00mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	1.04mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	1.08mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	43d	1	1.26mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	12d	1	1.26mi
21412 Waltham Rd Warren, MI	2.0	1.0	696	$1,225	$1.76	43d	1	1.28mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.30mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	17d	1	1.33mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	24d	1	1.39mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	43d	1	1.39mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	17d	1	1.39mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	1.40mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	43d	1	1.41mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	24d	1	1.41mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	24d	1	1.41mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	43d	1	1.46mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	16d	1	1.47mi

Listing history 8 events

1. 2026-06-18
   days on market $109,900 Active 9 DOM
2. 2026-06-17
   days on market $109,900 Active 8 DOM
3. 2026-06-16
   days on market $109,900 Active 7 DOM
4. 2026-06-15
   days on market $109,900 Active 6 DOM
5. 2026-06-13
   days on market $109,900 Active 4 DOM
6. 2026-06-13
   days on market $109,900 Active 3 DOM
7. 2026-06-10
   remarks 699-char remark
8. 2026-06-10
   listed $109,900 Active 1 DOM

ⓘ 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: $3,320 · $277/mo
• Projected year-2 tax: $3,320 · $277/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 ≥96°F today · 14 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: $15,823
• − Mortgage interest: −$6,156
• − Property taxes: −$3,320
• − Insurance: −$550
• − Repairs & maintenance: −$1,266
• − Management: −$1,266
• − Depreciation: −$3,197
• Taxable income: $68
• Est. tax owed @ 24.0%: −$16
• After-tax cash flow: $1,698/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+280.8% since first listed

84 events — show timeline

• 2026-06-09 Listed $109,900 SW Michigan MLS
• 2026-06-09 Listed $109,900 REALCOMP
• 2026-06-09 Listed $109,900 MiRealSource-MiMLS
• 2025-02-25 Sold (MLS) $55,000 REALCOMP
• 2025-02-25 Sold (MLS) $55,000 MiRealSource-MiMLS
• 2025-02-03 Pending — MiRealSource-MiMLS
• 2025-02-03 Pending — REALCOMP
• 2025-01-18 Price Changed $44,900 MiRealSource-MiMLS
• 2025-01-17 Price Changed $44,900 REALCOMP
• 2025-01-13 Relisted — REALCOMP
• 2025-01-11 Relisted — MiRealSource-MiMLS
• 2025-01-10 Listing Removed — MiRealSource-MiMLS
• 2025-01-10 Listed $39,900 MiRealSource-MiMLS
• 2025-01-03 Listing Removed — REALCOMP
• 2025-01-03 Listing Removed — MiRealSource-MiMLS
• 2024-12-13 Price Changed $39,900 MiRealSource-MiMLS
• 2024-12-13 Price Changed $39,900 REALCOMP
• 2024-12-07 Price Changed $42,900 MiRealSource-MiMLS
• 2024-12-07 Price Changed $42,900 REALCOMP
• 2024-11-21 Price Changed $43,900 MiRealSource-MiMLS
• 2024-11-20 Price Changed $43,900 REALCOMP
• 2024-11-17 Price Changed $44,900 MiRealSource-MiMLS
• 2024-11-16 Price Changed $44,900 REALCOMP
• 2024-11-11 Price Changed $45,900 MiRealSource-MiMLS
• 2024-11-10 Price Changed $45,900 REALCOMP
• 2024-11-10 Relisted — MiRealSource-MiMLS
• 2024-11-10 Relisted — REALCOMP
• 2024-11-08 Contingent — MiRealSource-MiMLS
• 2024-11-08 Contingent — REALCOMP
• 2024-09-27 Pending — REALCOMP
• 2024-09-27 Pending — MiRealSource-MiMLS
• 2024-09-23 Price Changed $43,900 MiRealSource-MiMLS
• 2024-09-23 Price Changed $43,900 REALCOMP
• 2024-08-27 Listed $45,900 MiRealSource-MiMLS
• 2024-08-27 Listed $45,900 REALCOMP
• 2024-08-26 Coming Soon — MiRealSource-MiMLS
• 2024-08-26 Coming Soon — REALCOMP
• 2023-03-22 Sold (MLS) $49,900 MiRealSource-MiMLS
• 2023-03-22 Sold (MLS) $49,900 REALCOMP
• 2023-03-02 Listing Removed — REALCOMP
• 2023-03-02 Relisted — REALCOMP
• 2023-03-01 Pending — MiRealSource-MiMLS
• 2023-03-01 Pending — REALCOMP
• 2023-01-03 Listed $49,900 MiRealSource-MiMLS
• 2023-01-03 Listed $49,900 REALCOMP
• 2023-01-01 Listing Removed — MiRealSource-MiMLS
• 2022-12-31 Listing Removed — REALCOMP
• 2022-10-04 Price Changed $49,900 MiRealSource-MiMLS
• 2022-10-03 Price Changed $49,900 REALCOMP
• 2022-09-19 Price Changed $55,900 MiRealSource-MiMLS
• 2022-09-19 Price Changed $55,900 REALCOMP
• 2022-08-09 Price Changed $59,900 MiRealSource-MiMLS
• 2022-08-08 Price Changed $59,900 REALCOMP
• 2022-08-02 Listed $64,000 REALCOMP
• 2022-08-01 Listed $64,000 MiRealSource-MiMLS
• 2021-09-08 Sold (MLS) $35,900 MiRealSource-MiMLS
• 2021-09-08 Sold (MLS) $35,900 REALCOMP
• 2021-09-02 Pending — REALCOMP
• 2021-09-02 Pending — MiRealSource-MiMLS
• 2021-08-24 Price Changed $35,900 MiRealSource-MiMLS
• 2021-08-24 Price Changed $35,900 REALCOMP
• 2021-07-19 Listed $39,000 MiRealSource-MiMLS
• 2021-07-19 Listed $39,000 REALCOMP
• 2017-07-13 Listing Removed — REALCOMP
• 2017-07-12 Listing Removed — MiRealSource-MiMLS
• 2017-03-17 Price Changed $17,900 MiRealSource-MiMLS
• 2017-03-17 Price Changed $17,900 REALCOMP
• 2017-02-17 Listed $15,900 MiRealSource-MiMLS
• 2017-02-16 Listing Removed — REALCOMP
• 2017-02-16 Listed $15,900 REALCOMP
• 2017-02-16 Listing Removed — MiRealSource-MiMLS
• 2017-01-12 Listed $15,900 MiRealSource-MiMLS
• 2017-01-12 Listed $15,900 REALCOMP
• 2016-12-27 Listing Removed — REALCOMP
• 2016-12-26 Listing Removed — MiRealSource-MiMLS
• 2016-09-28 Listed $21,900 MiRealSource-MiMLS
• 2016-09-27 Listed $21,900 REALCOMP
• 2015-12-24 Listing Removed — REALCOMP
• 2015-12-24 Listing Removed — MiRealSource-MiMLS
• 2015-09-27 Listed $20,000 REALCOMP
• 2015-09-23 Listing Removed — REALCOMP
• 2015-09-23 Listing Removed — MiRealSource-MiMLS
• 1994-07-27 Sold (Public Records) $37,826 Public Records
• 1992-12-21 Sold (Public Records) $28,857 Public Records

Property tax history

+17.0%/yr

Latest (2025): $3,320 · +0.7% YoY. Source: county tax records.