11711 St Louis St · Detroit, MI 48212

$59,000

3 bd · 1.0 ba · 1,090 sqft · SingleFamily public records · 2 Days on market

Built 1925 3,485 sqft lot

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

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

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

Listing remarks MLS

Investor opportunity! This property at 11711 Saint Louis St is a great fix-and-flip or rehab project. Requiring rehab, the property is being sold as is. Agents and buyers enter at their own discretion. Buyer's agent to verify all information, including property condition, taxes, and zoning. Located in a neighborhood with growing demand and strong potential for value appreciation. Bring your vision and tools

Key facts

• 3,485 sq ft lot
• Built 1925
• Listed 2 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $620 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Cap rate 18.9% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 166 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 40% of the median local income ($38k/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 $408 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,000

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.17% ✓
• Cap rate: 18.91%
• Cash-on-cash: 45.06%
• DSCR: 3.01
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $173,310
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6023 Casmere St	0.13mi	4/1.0 (+1)	1,152 (+6%)	3mo	$100,000	$87	77
12877 Dwyer St	0.21mi	3/1.0	984 (-10%)	3mo	$85,000	$86	72
5086 Casmere St	0.57mi	3/2.0	1,100 (+1%)	4mo	$198,000	$180	64
5170 Evaline St	0.63mi	3/1.0	1,020 (-6%)	1mo	$175,000	$172	59
3939 Casmere St	0.70mi	3/1.0	1,108 (+2%)	9mo	$190,000	$171	57
5059 Harold St	0.59mi	3/1.0	1,036 (-5%)	9mo	$165,000	$159	56
17178 Gable St	0.71mi	3/1.0	1,166 (+7%)	2mo	$17,000	$15	54
5121 Yemans St	0.62mi	2/1.5 (-1)	1,040 (-5%)	4mo	$160,000	$154	52
5076 Eldridge St	0.59mi	4/2.0 (+1)	1,122 (+3%)	10mo	$215,100	$192	50
5606 Harold St	0.37mi	3/2.0	937 (-14%)	10mo	$140,000	$149	47
4487 Fredro St	0.71mi	3/1.5	1,000 (-8%)	10mo	$146,000	$146	43
3898 Talbot St	0.74mi	4/1.5 (+1)	994 (-9%)	13mo	$225,000	$226	33

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 42.2%
• Equity multiple: 2.81×
• Total profit: $29,962
• Equity at exit: $8,797

10-year hold

• IRR: 48.3%
• Equity multiple: 5.66×
• Total profit: $77,011
• Equity at exit: $5,101

Cash invested: $16,520 (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 48212

• Home prices YoY: -34.2%
• Active inventory: 166
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,283 high
• Mortgage (P&I): −$309
• Tax from tax record: −$59 /mo · $706/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $620

Break-even live

Break-even rent $497

Max offer price $59,000

Occupancy floor 47%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7600 Dobel St Detroit, MI	3.0	1.0	1234	$1,400	$1.13	16d	1	0.85mi
3191 Belmont St Hamtramck, MI	2.0	1.0	900	$1,350	$1.50	24d	1	1.02mi
8193 Traverse St Detroit, MI	3.0	1.0	1055	$1,382	$1.31	17d	1	1.22mi
9422 McDougall Apt 1 Hamtramck, MI	2.0	1.0	750	$1,150	$1.53	5d	1	1.25mi
2716 Belmont St Unit B Hamtramck, MI	2.0	1.0	965	$775	$0.80	20d	1	1.34mi
8215 Badger St Detroit, MI	2.0	1.0	1000	$1,000	$1.00	15d	1	1.48mi

Listing history 4 events

1. 2025-09-21
   status Pending 410-char remark

   Show marketing remark (410 chars)

   Investor opportunity! This property at 11711 Saint Louis St is a great fix-and-flip or rehab project. Requiring rehab, the property is being sold as is. Agents and buyers enter at their own discretion. Buyer's agent to verify all information, including property condition, taxes, and zoning. Located in a neighborhood with growing demand and strong potential for value appreciation. Bring your vision and tools

2. 2025-09-21
   status Pending

   Show marketing remark (410 chars)

   Investor opportunity! This property at 11711 Saint Louis St is a great fix-and-flip or rehab project. Requiring rehab, the property is being sold as is. Agents and buyers enter at their own discretion. Buyer's agent to verify all information, including property condition, taxes, and zoning. Located in a neighborhood with growing demand and strong potential for value appreciation. Bring your vision and tools

3. 2025-09-18
   listed $59,000 Active 410-char remark

   Show marketing remark (410 chars)

   Investor opportunity! This property at 11711 Saint Louis St is a great fix-and-flip or rehab project. Requiring rehab, the property is being sold as is. Agents and buyers enter at their own discretion. Buyer's agent to verify all information, including property condition, taxes, and zoning. Located in a neighborhood with growing demand and strong potential for value appreciation. Bring your vision and tools

4. 2025-09-18
   listed $59,000 Active

   Show marketing remark (410 chars)

   Investor opportunity! This property at 11711 Saint Louis St is a great fix-and-flip or rehab project. Requiring rehab, the property is being sold as is. Agents and buyers enter at their own discretion. Buyer's agent to verify all information, including property condition, taxes, and zoning. Located in a neighborhood with growing demand and strong potential for value appreciation. Bring your vision and tools

ⓘ 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: $706 · $59/mo
• Projected year-2 tax: $807 · $67/mo
• Expected delta: +$101/yr (+$8/mo · 14.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 50% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,390
• − Mortgage interest: −$3,305
• − Property taxes: −$706
• − Insurance: −$295
• − Repairs & maintenance: −$1,231
• − Management: −$1,231
• − Depreciation: −$1,716
• Taxable income: $6,906
• Est. tax owed @ 24.0%: −$1,657
• After-tax cash flow: $5,787/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): 43,384
• Household income: $38,186
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1175.0

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: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 43% Asian 29% Black 19% Two or more races 6%
• Common ancestry: Romanian 4% Subsaharan African 1% American 1%
• Foreign-born: 41%
• Languages at home: 36% English-only · Other Indo-European 28% Arabic 28% Russian/Polish/Slavic 6%

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: ▼ -152.41%
• Current HPI: 292.9126
• 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

+0.0% since first listed

4 events — show timeline

• 2025-09-21 Pending — MiRealSource-MiMLS
• 2025-09-21 Pending — REALCOMP
• 2025-09-18 Listed $59,000 REALCOMP
• 2025-09-18 Listed $59,000 MiRealSource-MiMLS

Property tax history

-11.0%/yr

Latest (2017): $706 · -14.6% YoY. Source: county tax records.