19219 Dean St · Detroit, MI 48234

$73,000

3 bd · 1.0 ba · 1,012 sqft · SingleFamily public records · 136 Days on market

Built 1948 3,920 sqft lot $72/sqft · 24% above area Est $59k · 24% over ↓ 9% since listing

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Why this score? — see what drove the C+ grade

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

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled on Dean Street in Detroit, Michigan, this three-bedroom brick bungalow is an inviting home ready for its next chapter. The main floor features a cozy living room, two bedrooms, a tiled bathroom, and a functional kitchen. The upper-level bedroom offers a blank canvas, waiting to be transformed into the perfect retreat. Hardwood floors run throughout, adding timeless character. Built in 1930, this home blends classic charm with modern updates and offers endless possibilities. Access is available via the SentriLock app. Pre-approved buyers only.

Key facts

• Functional kitchen
• Brick bungalow
• Tiled bathroom

Tags

• BRICK BUNGALOW
• TILED BATHROOM
• FUNCTIONAL KITCHEN
• HARDWOOD FLOORS
• UPPER-LEVEL BEDROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $556 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $73k).
• Recommended offer: $64k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.4% 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: Rents rising fast (+6.7%/yr); 226 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 45% of the median local income ($35k/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 $505 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 + 6.7% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 24y 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 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $64,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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: 1.81% ✓
• Cap rate: 15.43%
• Cash-on-cash: 32.65%
• DSCR: 2.45
• GRM: 4.6

CMA / ARV

• ARV (median comp): $58,881
• List price: $73,000
• Delta: 23.98%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19155 Ryan Rd	0.08mi	3/1.0	1,068 (+6%)	2mo	$45,000	$42	85
19227 Ryan Rd	0.05mi	3/1.0	919 (-9%)	1mo	$38,000	$41	81
19360 Revere St	0.31mi	3/1.0	1,050 (+4%)	2mo	$78,000	$74	78
19672 Justine St	0.35mi	3/1.0	1,050 (+4%)	2mo	$47,500	$45	76
19619 Norwood St	0.36mi	3/1.0	941 (-7%)	2mo	$30,500	$32	70
19662 Charest St	0.53mi	3/1.0	1,041 (+3%)	2mo	$69,000	$66	69
19235 Lamont St	0.38mi	2/1.0 (-1)	960 (-5%)	1mo	$40,000	$42	68
19416 Lamont St	0.43mi	3/1.5	1,065 (+5%)	1mo	$9,000	$8	68
19610 Conley St	0.56mi	3/1.0	1,120 (+11%)	0mo	$80,000	$71	56
3952 Stockton St	0.54mi	3/1.0	1,149 (+14%)	1mo	$55,000	$48	52
18660 Klinger St	0.43mi	4/2.0 (+1)	880 (-13%)	0mo	$21,000	$24	49
19442 Moenart St	0.67mi	3/1.5	1,145 (+13%)	2mo	$74,999	$66	43

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 31.9%
• Equity multiple: 2.41×
• Total profit: $28,740
• Equity at exit: $10,885

10-year hold

• IRR: 40.9%
• Equity multiple: 5.57×
• Total profit: $93,445
• Equity at exit: $6,312

Cash invested: $20,440 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,323 high
• Mortgage (P&I): −$383
• Tax from tax record: −$76 /mo · $914/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $556

Break-even live

Break-even rent $619

Max offer price $73,000

Occupancy floor 53%

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: $18,250
• Closing costs: $2,190
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	17d	1	0.32mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	4d	1	0.33mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	24d	1	0.33mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	24d	1	0.43mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	16d	1	0.44mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	4d	1	0.47mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	0.49mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	14d	1	0.52mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	24d	1	0.55mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	23d	1	0.60mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	16d	1	0.61mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	1d	1	0.61mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	16d	1	0.63mi
18677 Moenart St Detroit, MI	2.0	1.0	1470	$1,200	$0.82	43d	1	0.66mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	4d	1	0.67mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	21d	1	0.68mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	43d	1	0.68mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	16d	1	0.87mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	16d	1	0.93mi
19995 Goddard St Detroit, MI	4.0	1.0	1292	$1,400	$1.08	21d	1	0.93mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	24d	1	0.95mi
18084 Goddard St Detroit, MI	2.0	1.5	790	$1,050	$1.33	16d	1	0.98mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	0.98mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	16d	1	1.02mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	43d	1	1.08mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	16d	1	1.09mi
18882 Marx St Highland Park, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	1.14mi
18503 Riopelle St Highland Park, MI	3.0	1.0	1254	$1,250	$1.00	4d	1	1.34mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	24d	1	1.34mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	43d	1	1.40mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	24d	1	1.41mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	43d	1	1.49mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1152	$1,595	$1.38	1d	1	1.50mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1160	$1,595	$1.38	43d	1	1.50mi

Listing history 16 events

1. 2026-06-18
   days on market $73,000 Active 136 DOM
2. 2026-06-17
   days on market $73,000 Active 135 DOM
3. 2026-06-15
   days on market $73,000 Active 133 DOM
4. 2026-06-13
   days on market $73,000 Active 131 DOM
5. 2026-06-13
   days on market $73,000 Active 130 DOM
6. 2026-06-09
   days on market $73,000 Active 127 DOM
7. 2026-06-08
   days on market $73,000 Active 126 DOM
8. 2026-06-07
   days on market $73,000 Active 125 DOM
9. 2026-06-04
   days on market $73,000 Active 122 DOM
10. 2026-06-03
    days on market $73,000 Active 121 DOM
11. 2026-06-01
    days on market $73,000 Active 119 DOM
12. 2026-05-31
    days on market $73,000 Active 118 DOM
13. 2026-02-03
    listed $73,000 Active 556-char remark

    Show marketing remark (556 chars)

    Nestled on Dean Street in Detroit, Michigan, this three-bedroom brick bungalow is an inviting home ready for its next chapter. The main floor features a cozy living room, two bedrooms, a tiled bathroom, and a functional kitchen. The upper-level bedroom offers a blank canvas, waiting to be transformed into the perfect retreat. Hardwood floors run throughout, adding timeless character. Built in 1930, this home blends classic charm with modern updates and offers endless possibilities. Access is available via the SentriLock app. Pre-approved buyers only.

14. 2026-02-02
    listed $73,000 Active 556-char remark

    Show marketing remark (556 chars)

    Nestled on Dean Street in Detroit, Michigan, this three-bedroom brick bungalow is an inviting home ready for its next chapter. The main floor features a cozy living room, two bedrooms, a tiled bathroom, and a functional kitchen. The upper-level bedroom offers a blank canvas, waiting to be transformed into the perfect retreat. Hardwood floors run throughout, adding timeless character. Built in 1930, this home blends classic charm with modern updates and offers endless possibilities. Access is available via the SentriLock app. Pre-approved buyers only.

15. 2003-03-08
    historical
16. 2002-08-08
    listed $79,900

ⓘ 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: $914 · $76/mo
• Projected year-2 tax: $1,019 · $85/mo
• Expected delta: +$105/yr (+$9/mo · 11.5%)

ⓘ 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: $15,881
• − Mortgage interest: −$4,089
• − Property taxes: −$914
• − Insurance: −$365
• − Repairs & maintenance: −$1,271
• − Management: −$1,271
• − Depreciation: −$2,124
• Taxable income: $5,849
• Est. tax owed @ 24.0%: −$1,404
• After-tax cash flow: $5,270/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

-8.6% since first listed

4 events — show timeline

• 2026-02-03 Listed $73,000 REALCOMP
• 2026-02-02 Listed $73,000 MiRealSource-MiMLS
• 2003-03-08 Listing Removed — REALCOMP
• 2002-08-08 Listed $79,900 REALCOMP

Property tax history

-4.7%/yr

Latest (2025): $914 · -36.6% YoY. Source: county tax records.