5055 Dailey St · Detroit, MI 48204

$159,900

4 bd · 2.5 ba · 2,510 sqft · Townhouse public records · 93 Days on market

Built 1920 3,920 sqft lot $64/sqft · 99% above area

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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 +26.3/30.0
• Appreciation +10.0/10.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

Key facts

• Freshly updated
• Turnkey condition
• 3,920 sq ft lot

Tags

• FRESHLY UPDATED
• TURNKEY CONDITION
• MULTIPLE LIVING ARRANGEMENTS
• OUTDOOR BREATHING ROOM
• EASY-TO-MAINTAIN PARCEL SIZE
• MEANINGFUL INTERIOR SPACE

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (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: 244 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $1,806/mo this rent would consume 63% of the median local household income ($34k/yr) (locally 1418% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $160k implies a 357% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 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 1920 — 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: 1.13% ✓
• Cap rate: 9.40%
• Cash-on-cash: 11.10%
• DSCR: 1.49
• GRM: 7.4

CMA / ARV

• ARV (median comp): $80,263
• List price: $159,900
• Delta: 99.22%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.4%
• Equity multiple: 3.53×
• Total profit: $113,433
• Equity at exit: $144,051

10-year hold

• IRR: 28.0%
• Equity multiple: 8.00×
• Total profit: $313,239
• Equity at exit: $310,651

Cash invested: $44,772 (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 48204

• Home prices YoY: 18.5%
• Active inventory: 244
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,806 high
• Mortgage (P&I): −$839
• Tax from tax record: −$107 /mo · $1,290/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $414

Break-even live

Break-even rent $1,282

Max offer price $159,900

Occupancy floor 72%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5315 Spokane St Detroit, MI	3.0	1.0	2110	$1,200	$0.57	16d	1	0.39mi
3799 W Philadelphia St Detroit, MI	5.0	2.0	2200	$1,650	$0.75	16d	1	0.79mi
3241 Lawrence St Detroit, MI	4.0	2.0	2636	$1,800	$0.68	16d	1	1.22mi
12546 Broadstreet Ave Detroit, MI	3.0	1.5	1899	$1,250	$0.66	44d	1	1.33mi
2509 Gladstone St Unit 1 Detroit, MI	3.0	2.0	3000	$2,650	$0.88	1d	1	1.40mi
2655 Collingwood St Detroit, MI	4.0	1.5	1881	$2,700	$1.44	1d	1	1.45mi
4341 Glendale St Detroit, MI	4.0	2.5	1832	$1,680	$0.92	5d	1	1.48mi
8951 La Salle Blvd Unit NA Detroit, MI	4.0	2.5	2440	$2,500	$1.02	10d	1	1.49mi
8951 La Salle Blvd Detroit, MI	4.0	2.5	2440	$2,500	$1.02	1d	1	1.49mi
8951 La Salle Blvd Detroit, MI	5.0	2.5	2440	$2,500	$1.02	14d	1	1.49mi

Listing history 24 events

1. 2026-05-17
   status Pending 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

2. 2026-05-17
   status Pending 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

3. 2026-05-04
   price $159,900 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

4. 2026-05-03
   price $159,900 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

5. 2026-04-06
   price $169,900 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

6. 2026-04-06
   price $169,900 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

7. 2026-04-01
   price $174,900 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

8. 2026-03-31
   price $174,900 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

9. 2026-03-12
   price $175,000 1445-char remark

   Show marketing remark (1445 chars)

   EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

10. 2026-03-12
    price $175,000 1445-char remark

    Show marketing remark (1445 chars)

    EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

11. 2026-02-07
    listed $185,000 Active 1445-char remark

    Show marketing remark (1445 chars)

    EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

12. 2026-02-07
    listed $185,000 Active 1445-char remark

    Show marketing remark (1445 chars)

    EACH UNIT 3 BEDROOMS RENTED AT 1043 AND 1063. 100 PERCENT SECTION 8 OCCUPIED PLEASE DO NOT DISTURB TENANTS Freshly updated and built for flexibility, this multi-family home offers a smart, buy-and-hold friendly opportunity in 48204. With a layout that supports multiple living arrangements, it is an easy fit for owners who value space, usability, and the kind of turnkey condition that helps reduce upfront projects. Inside, you have 6 bedrooms, 2 baths, and 2,510 sq ft to work with, giving you room to shape the property around your goals. The fresh updates bring a clean, refreshed feel that supports day-to-day comfort while also positioning the home as a straightforward, manageable asset. Whether you are planning for long-term ownership or simply want a property with practical scale, the footprint here provides options without feeling oversized or inefficient. Set on a 3,964 sq ft lot, the property balances outdoor breathing room with an easy-to-maintain parcel size. The lot supports everyday functionality and flexibility, while the interior square footage does the heavy lifting for livability, separation of space, and the ability to keep routines organized across bedrooms and shared areas. If you are looking for a multi-family home with meaningful interior space, a freshly updated starting point, and a location in 48204, schedule a showing and request full details to see how this property can align with your long-term plan

13. 2019-05-02
    soldstatus $35,000 Sold
14. 2019-05-02
    soldstatus $35,000 Closed
15. 2019-02-12
    status Pending
16. 2019-02-12
    status Pending
17. 2019-02-11
    price $39,900
18. 2019-02-11
    price $39,900
19. 2019-02-11
    status Active
20. 2019-02-11
    status Active
21. 2018-12-17
    status Pending
22. 2018-12-17
    status Pending
23. 2018-12-11
    listed $45,000 Active
24. 2018-12-11
    listed $45,000 Active

ⓘ 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: $1,290 · $107/mo
• Projected year-2 tax: $1,876 · $156/mo
• Expected delta: +$586/yr (+$49/mo · 45.5%)

ⓘ 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 ≥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: $21,672
• − Mortgage interest: −$8,957
• − Property taxes: −$1,290
• − Insurance: −$800
• − Repairs & maintenance: −$1,734
• − Management: −$1,734
• − Depreciation: −$4,652
• Taxable income: $2,507
• Est. tax owed @ 24.0%: −$602
• After-tax cash flow: $4,368/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): 20,696
• Household income: $34,468
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1418.0

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 (86%)
• Race & ethnicity: Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▲ 36.51%
• Current HPI: 234.0465
• Rent YoY: —
• 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

+255.3% since first listed

24 events — show timeline

• 2026-05-17 Pending — MiRealSource-MiMLS
• 2026-05-17 Pending — REALCOMP
• 2026-05-04 Price Changed $159,900 MiRealSource-MiMLS
• 2026-05-03 Price Changed $159,900 REALCOMP
• 2026-04-06 Price Changed $169,900 MiRealSource-MiMLS
• 2026-04-06 Price Changed $169,900 REALCOMP
• 2026-04-01 Price Changed $174,900 MiRealSource-MiMLS
• 2026-03-31 Price Changed $174,900 REALCOMP
• 2026-03-12 Price Changed $175,000 MiRealSource-MiMLS
• 2026-03-12 Price Changed $175,000 REALCOMP
• 2026-02-07 Listed $185,000 REALCOMP
• 2026-02-07 Listed $185,000 MiRealSource-MiMLS
• 2019-05-02 Sold (MLS) $35,000 MiRealSource-MiMLS
• 2019-05-02 Sold (MLS) $35,000 REALCOMP
• 2019-02-12 Pending — MiRealSource-MiMLS
• 2019-02-12 Pending — REALCOMP
• 2019-02-11 Price Changed $39,900 MiRealSource-MiMLS
• 2019-02-11 Price Changed $39,900 REALCOMP
• 2019-02-11 Relisted — MiRealSource-MiMLS
• 2019-02-11 Relisted — REALCOMP
• 2018-12-17 Pending — MiRealSource-MiMLS
• 2018-12-17 Pending — REALCOMP
• 2018-12-11 Listed $45,000 MiRealSource-MiMLS
• 2018-12-11 Listed $45,000 REALCOMP

Property tax history

-0.8%/yr

Latest (2025): $1,290 · -48.8% YoY. Source: county tax records.