20926 Lennon St · Harper Woods, MI
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.22%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°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
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 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 +15.5/30.0
- ARV discount +11.9/15.0
- Schools +5.7/10.0
- DSCR +4.8/10.0
- 1% rule +4.0/10.0
- Rent growth +3.8/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$199,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
Key facts
- Beautiful bay window
- Large living room
- Cozy fireplace
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.5-bath single-family listed at $200k.
Deal economics
- At list price, monthly cash flow is $79 ($945/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (10.4% below list).
- Recommended offer: $179k (10.4% below list) — sets the bar for 1% rule.
Location & tenants
- Location reads 73/100 on livability (#199 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, health & safety D+, schools D-.
- Grosse Pointe Public Schools (suburban): math 56% / reading 68% proficiency, ranked #24 of 540 in MI (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
- Market conditions: Rents rising fast (+5.1%/yr); 133 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 35% of the median local income ($62k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
Negotiation context
- It's been on market 73 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
- 18 sale attempts since 15y 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.
Risks & watch-outs
- Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 73 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
- Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-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
- 0.90% ✗
- Cap rate
- 6.77%
- Cash-on-cash
- 1.69%
- DSCR
- 1.08
- GRM
- 9.3
CMA / ARV
- ARV (median comp)
- $221,832
- List price
- $199,900
- Delta
- -9.89%
- 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 |
|---|---|---|---|---|---|---|---|
| 20640 Fleetwood Dr | 0.27mi | 3/1.0 | 1,300 (-0%) | 1mo | $125,000 | $96 | 84 |
| 20631 Lochmoor St | 0.37mi | 3/2.5 | 1,311 (+0%) | 2mo | $219,000 | $167 | 77 |
| 2202 Hollywood Ave | 0.36mi | 3/1.0 | 1,340 (+3%) | 0mo | $207,000 | $154 | 76 |
| 1866 Country Club Rd | 0.45mi | 3/1.5 | 1,367 (+5%) | 1mo | $299,000 | $219 | 70 |
| 20520 Anita St | 0.39mi | 2/1.0 (-1) | 1,318 (+1%) | 4mo | $139,000 | $105 | 70 |
| 21720 Chalon St | 0.66mi | 3/1.5 | 1,333 (+2%) | 1mo | $260,000 | $195 | 65 |
| 2229 E 8 Mile Rd | 0.54mi | 2/1.5 (-1) | 1,350 (+3%) | 0mo | $125,000 | $93 | 64 |
| 20260 Lancaster St | 0.52mi | 4/2.0 (+1) | 1,272 (-2%) | 1mo | $112,700 | $89 | 63 |
| 20488 Fleetwood Dr | 0.35mi | 4/1.5 (+1) | 1,401 (+7%) | 4mo | $189,900 | $136 | 63 |
| 1809 Roslyn Rd | 0.66mi | 3/2.0 | 1,363 (+4%) | 3mo | $270,000 | $198 | 58 |
| 20860 Ridgemont Rd | 0.38mi | 4/2.5 (+1) | 1,180 (-10%) | 4mo | $40,000 | $34 | 54 |
| 1818 Norwood Dr | 0.59mi | 3/1.0 | 1,125 (-14%) | 3mo | $270,000 | $240 | 45 |
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 · 5.1% rent growth · sell at horizon
- IRR
- -11.4%
- Equity multiple
- 0.58×
- Total profit
- $-23,516
- Equity at exit
- $29,806
- IRR
- 0.6%
- Equity multiple
- 1.05×
- Total profit
- $2,528
- Equity at exit
- $17,284
Cash invested: $55,972 (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 48225
- Rents YoY
- 5.1%
- Active inventory
- 133
- Price-to-rent
- 9.3×
Monthly cashflow live
- Estimated rent
- $1,791 high interval (Pro) →
- Mortgage (P&I)
- −$1,048
- Tax from tax record
- −$205 /mo · $2,458/yr
- Insurance
- −$83
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$376
- Net cashflow
- $79
Break-even live
Sensitivity live
| Price | -10% $192 | -5% $135 | +0% $79 | +5% $22 | +10% $-34 |
|---|---|---|---|---|---|
| Rent | -10% $-63 | -5% $8 | +0% $79 | +5% $149 | +10% $220 |
| Rate | -1.0pp $179 | -0.5pp $130 | base $79 | +0.5pp $27 | +1.0pp $-26 |
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
- $49,975
- Closing costs
- $5,997
- 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 19 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2175 Ridgemont Rd Grosse Pointe Woods, MI | 2.0 | 1.0 | 1100 | $1,300 | $1.18 | 44d | 1 | 0.41mi |
| 1992 Hawthorne Rd Grosse Pointe Woods, MI | 3.0 | 2.0 | 1071 | $2,100 | $1.96 | 11d | 1 | 0.41mi |
| 1883 Lochmoor Blvd Grosse Pointe Woods, MI | 3.0 | 2.5 | 1744 | $2,900 | $1.66 | 0d | 1 | 0.46mi |
| 20270 Hollywood St Harper Woods, MI | 3.0 | 1.0 | 1228 | $1,650 | $1.34 | 0d | 1 | 0.60mi |
| 20015 Lochmoor St Harper Woods, MI | 3.0 | 1.0 | 1006 | $1,500 | $1.49 | 17d | 1 | 0.63mi |
| 20600 Balfour St Harper Woods, MI | 1.0–2.0 | 1.0–2.0 | 971 | $1,640 | $1.69 | 0d | 14 | 0.69mi |
| 1150 Anita Ave Grosse Pointe Woods, MI | 3.0 | 1.5 | 1129 | $2,600 | $2.30 | 11d | 1 | 1.08mi |
| 1150 Anita Ave Grosse Pointe Woods, MI | 3.0 | 1.5 | 1829 | $2,600 | $1.42 | 44d | 1 | 1.08mi |
| 22126 Alger St Saint Clair Shores, MI | 2.0 | 1.5 | 1060 | $1,750 | $1.65 | 11d | 1 | 1.11mi |
| 21727 California St Saint Clair Shores, MI | 3.0 | 2.0 | 1368 | $1,925 | $1.41 | 0d | 1 | 1.21mi |
| 19203 Edgefield St Harper Woods, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 25d | 1 | 1.33mi |
| 20461 Kingsville St Harper Woods, MI | 4.0 | 1.0 | 1100 | $1,399 | $1.27 | 15d | 1 | 1.34mi |
| 21401 Kingsville St Harper Woods, MI | 2.0 | 1.0 | 944 | $1,200 | $1.27 | 25d | 1 | 1.38mi |
| 20625 Elizabeth St Saint Clair Shores, MI | 3.0 | 2.0 | 1074 | $1,895 | $1.76 | 44d | 1 | 1.39mi |
| 19661 Kenosha St Harper Woods, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 25d | 1 | 1.39mi |
| 22615 Maxine St Saint Clair Shores, MI | 3.0 | 1.0 | 950 | $1,495 | $1.57 | 0d | 1 | 1.40mi |
| 19168 Berden St Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,800 | $1.50 | 0d | 1 | 1.45mi |
| 19152 Woodside St Harper Woods, MI | 3.0 | 1.0 | 916 | $1,500 | $1.64 | 18d | 1 | 1.47mi |
| 20926 Moross Rd Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,350 | $1.12 | 44d | 1 | 1.48mi |
Listing history 50 events
-
2026-06-18days on market $199,900 Active 73 DOM
-
2026-06-17days on market $199,900 Active 72 DOM
-
2026-06-16days on market $199,900 Active 71 DOM
-
2026-06-15days on market $199,900 Active 70 DOM
-
2026-06-13days on market $199,900 Active 68 DOM
-
2026-06-13days on market $199,900 Active 67 DOM
-
2026-06-09days on market $199,900 Active 64 DOM
-
2026-06-08days on market $199,900 Active 63 DOM
-
2026-06-07days on market $199,900 Active 62 DOM
-
2026-06-04days on market $199,900 Active 59 DOM
-
2026-06-03days on market $199,900 Active 58 DOM
-
2026-06-02days on market $199,900 Active 57 DOM
-
2026-06-02status $199,900 Active 56 DOM
-
2026-06-01days on market $199,900 Active Under Contract 56 DOM
-
2026-05-31days on market $199,900 Active Under Contract 55 DOM
-
2026-05-13status Active 593-char remark
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
-
2026-05-13status Active 593-char remark
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
-
2026-05-11status Pending 593-char remark
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
-
2026-05-11status Pending 593-char remark
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
-
2026-04-04$199,900 Active 593-char remark
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
-
2026-04-04$199,900 Active 593-char remark
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
-
2026-04-04historical
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
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2026-04-04historical
Show marketing remark (593 chars)
GROSSE POINTE SCHOOLS. SPACIOUS & LOVELY 3 BEDROOMS, 2.5 BATHS BRICK BUNGALOW IN HARPER WOODS. LARGE LIVING ROOM WITH BEAUTIFUL BAY WINDOW AND COZY FIREPLACE. KITCHEN HAS LOTS OF STORAGE WITH BUILT-INS. HUGE FIRST FLOOR BEDROOM WITH ACCESS TO THE BACKYARD & 2 CAR DETACHED GARAGE WITH ADDITIONAL WORKSHOP AREA. UPPER FLOOR HAS A NICE AND OPEN LARGE BEDROOM ROOM WITH CONVENIENCE HALF BATH. BASEMENT IS BEAUTIFULLY FINISHED WITH ADDTIONAL RECREATION ROOM, PRIVATE OFFICE AND ENTERTAINMENT AREA WITH A VERY NICE FULL BATH. ALL THE APPLIANCES ARE INCLUDED. DON'T MISS OUT THIS HOME!!!
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2026-03-11status Active
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2026-03-11status Active
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2026-03-04historical Accepting Backup Offers
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2026-03-04historical Active Under Contract
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2026-01-03$210,000 Active
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2026-01-03$210,000 Active
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2026-01-01historical
-
2026-01-01historical
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2025-10-02$220,000 Active
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2025-10-02$220,000 Active
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2023-09-19soldstatus $196,000 Sold
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2023-09-19soldstatus $196,000 Closed
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2023-09-19soldstatus $196,000
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2023-08-26status Pending
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2023-08-26status Pending
-
2023-08-17historical Accepting Backup Offers
-
2023-08-17historical Accepting Backup Offers
-
2023-07-25$199,900 Active
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2023-07-25$199,900 Active
-
2020-12-31historical
-
2020-11-13status Pending
-
2020-11-13status Pending
-
2020-11-12historical
-
2020-11-10historical Accepting Backup Offers
-
2020-11-10historical Accepting Backup Offers
-
2020-11-06$148,770 Active
-
2020-11-06$148,770 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
- $2,458 · $205/mo
- Projected year-2 tax
- $2,768 · $231/mo
- Expected delta
- +$310/yr (+$26/mo · 12.6%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $21,496
- − Mortgage interest
- −$11,198
- − Property taxes
- −$2,458
- − Insurance
- −$1,000
- − Repairs & maintenance
- −$1,720
- − Management
- −$1,720
- − Depreciation
- −$5,815
- Taxable loss
- −$2,414
- Est. tax savings @ 24.0%
- +$579
- After-tax cash flow
- $1,524/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
- Grosse Pointe Public Schools
- NCES district ID
- 2625740
- Math proficiency
- 56% ▼ -2.00%
- Reading proficiency
- 68% ▲ 2.00%
- Median HH income
- $89,975
- Composite
- 56.51/100
- National rank
- #1152
- State rank
- #24 of 540 in MI
Livability — Harper Woods
- Score
- 73/100
- State rank
- #199
- US rank
- #5054
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Harper Woods, MI
- County
- Wayne County · 1,562,939 people
- City population
- 16,098
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 16,098
- Household income
- $61,750
- Rent vs Own
- Severe rent burden
- 410.0
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 (65%)
- Race & ethnicity
- Black 65% White 28% Two or more races 4% Hispanic / Latino 1%
- Common ancestry
- Romanian 4% Lithuanian 1% German 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 95% English-only · Arabic 2% 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
- ▼ -150.40%
- Current HPI
- 181.4961
- Rent YoY
- ▲ 5.10%
- 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
+300.6% since first listed46 events — show timeline
- 2026-05-13 Relisted — MiRealSource-MiMLS
- 2026-05-13 Relisted — REALCOMP
- 2026-05-11 Pending — MiRealSource-MiMLS
- 2026-05-11 Pending — REALCOMP
- 2026-04-04 Listed $199,900 REALCOMP
- 2026-04-04 Listing Removed — MiRealSource-MiMLS
- 2026-04-04 Listing Removed — REALCOMP
- 2026-04-04 Listed $199,900 MiRealSource-MiMLS
- 2026-03-11 Relisted — MiRealSource-MiMLS
- 2026-03-11 Relisted — REALCOMP
- 2026-03-04 Contingent — MiRealSource-MiMLS
- 2026-03-04 Contingent — REALCOMP
- 2026-01-03 Listed $210,000 MiRealSource-MiMLS
- 2026-01-03 Listed $210,000 REALCOMP
- 2026-01-01 Listing Removed — REALCOMP
- 2026-01-01 Listing Removed — MiRealSource-MiMLS
- 2025-10-02 Listed $220,000 REALCOMP
- 2025-10-02 Listed $220,000 MiRealSource-MiMLS
- 2023-09-19 Sold (Public Records) $196,000 Public Records
- 2023-09-19 Sold (MLS) $196,000 MiRealSource-MiMLS
- 2023-09-19 Sold (MLS) $196,000 REALCOMP
- 2023-08-26 Pending — MiRealSource-MiMLS
- 2023-08-26 Pending — REALCOMP
- 2023-08-17 Contingent — MiRealSource-MiMLS
- 2023-08-17 Contingent — REALCOMP
- 2023-07-25 Listed $199,900 MiRealSource-MiMLS
- 2023-07-25 Listed $199,900 REALCOMP
- 2020-12-31 Listing Removed — REALCOMP
- 2020-11-13 Pending — MiRealSource-MiMLS
- 2020-11-13 Pending — REALCOMP
- 2020-11-12 Listing Removed — MiRealSource-MiMLS
- 2020-11-10 Contingent — MiRealSource-MiMLS
- 2020-11-10 Contingent — REALCOMP
- 2020-11-06 Listed $148,770 MiRealSource-MiMLS
- 2020-11-06 Listed $148,770 REALCOMP
- 2014-02-14 Sold (MLS) $1,250 MiRealSource-MiMLS
- 2014-02-07 Listing Removed — MiRealSource-MiMLS
- 2014-01-14 Listed $1,250 MiRealSource-MiMLS
- 2012-06-26 Listing Removed — MiRealSource-MiMLS
- 2012-02-06 Listed $1,350 MiRealSource-MiMLS
- 2012-01-26 Sold (Public Records) $46,000 Public Records
- 2011-12-27 Sold (MLS) $46,000 REALCOMP
- 2011-12-27 Sold (MLS) $46,000 MiRealSource-MiMLS
- 2011-11-15 Listing Removed — MiRealSource-MiMLS
- 2011-11-02 Listed $49,900 REALCOMP
- 2011-11-02 Listed $49,900 MiRealSource-MiMLS
Property tax history
-2.1%/yrLatest (2025): $2,458 · -70.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…