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20926 Lennon St
C- Composite 51.69
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

20926 Lennon St · Harper Woods, MI 48225
3 bd · 1.5 ba · 1,305 sqft · SingleFamily public records · 73 Days on market
Built 1951 5,227 sqft lot $153/sqft · 45% above area Est $222k · 10% under

🖨 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

LARGE LIVING ROOMBEAUTIFUL BAY WINDOWCOZY FIREPLACEKITCHEN HAS LOTS OF STORAGEBUILT-INSHUGE FIRST FLOOR BEDROOM

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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.
Recommended offer $179,134 (10.4% below list)

Questions for the listing agent

  1. 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?
  2. Built in 1951 — 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 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?
  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
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

5-year hold
IRR
-11.4%
Equity multiple
0.58×
Total profit
$-23,516
Equity at exit
$29,806
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $1,692
Max offer price $199,900
Occupancy floor 91%

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

AddressBedsBaths SqftRent$/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

  1. 2026-06-18
    days on market $199,900 Active 73 DOM
  2. 2026-06-17
    days on market $199,900 Active 72 DOM
  3. 2026-06-16
    days on market $199,900 Active 71 DOM
  4. 2026-06-15
    days on market $199,900 Active 70 DOM
  5. 2026-06-13
    days on market $199,900 Active 68 DOM
  6. 2026-06-13
    days on market $199,900 Active 67 DOM
  7. 2026-06-09
    days on market $199,900 Active 64 DOM
  8. 2026-06-08
    days on market $199,900 Active 63 DOM
  9. 2026-06-07
    days on market $199,900 Active 62 DOM
  10. 2026-06-04
    days on market $199,900 Active 59 DOM
  11. 2026-06-03
    days on market $199,900 Active 58 DOM
  12. 2026-06-02
    days on market $199,900 Active 57 DOM
  13. 2026-06-02
    status $199,900 Active 56 DOM
  14. 2026-06-01
    days on market $199,900 Active Under Contract 56 DOM
  15. 2026-05-31
    days on market $199,900 Active Under Contract 55 DOM
  16. 2026-05-13
    status 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!!!

  17. 2026-05-13
    status 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!!!

  18. 2026-05-11
    status 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!!!

  19. 2026-05-11
    status 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!!!

  20. 2026-04-04
    listed $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!!!

  21. 2026-04-04
    listed $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!!!

  22. 2026-04-04
    historical
    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!!!

  23. 2026-04-04
    historical
    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!!!

  24. 2026-03-11
    status Active
  25. 2026-03-11
    status Active
  26. 2026-03-04
    historical Accepting Backup Offers
  27. 2026-03-04
    historical Active Under Contract
  28. 2026-01-03
    listed $210,000 Active
  29. 2026-01-03
    listed $210,000 Active
  30. 2026-01-01
    historical
  31. 2026-01-01
    historical
  32. 2025-10-02
    listed $220,000 Active
  33. 2025-10-02
    listed $220,000 Active
  34. 2023-09-19
    soldstatus $196,000 Sold
  35. 2023-09-19
    soldstatus $196,000 Closed
  36. 2023-09-19
    soldstatus $196,000
  37. 2023-08-26
    status Pending
  38. 2023-08-26
    status Pending
  39. 2023-08-17
    historical Accepting Backup Offers
  40. 2023-08-17
    historical Accepting Backup Offers
  41. 2023-07-25
    listed $199,900 Active
  42. 2023-07-25
    listed $199,900 Active
  43. 2020-12-31
    historical
  44. 2020-11-13
    status Pending
  45. 2020-11-13
    status Pending
  46. 2020-11-12
    historical
  47. 2020-11-10
    historical Accepting Backup Offers
  48. 2020-11-10
    historical Accepting Backup Offers
  49. 2020-11-06
    listed $148,770 Active
  50. 2020-11-06
    listed $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
combined federal + state — saved on this device
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

Amenities F Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety D+ User ratings A

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
33.8% rent · 66.2% 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

Price history

+300.6% since first listed
46 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%/yr

Latest (2025): $2,458 · -70.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…