5225 Three Mile Dr · Detroit, MI 48224

$136,900

4 bd · 1.0 ba · 1,456 sqft · SingleFamily public records · 64 Days on market

Built 1933 4,792 sqft lot $94/sqft · 14% below area Est $160k · 14% under

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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 +22.9/30.0
• ARV discount +14.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.8/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully updated colonial in Detroit offering a bright, spacious, and move-in-ready interior! This home features a large living area with abundant natural light and a charming fireplace that creates a warm and inviting atmosphere. The open dining area with direct access to the backyard, and a fully updated kitchen with modern finishes and ample cabinetry. Fresh finishes throughout the home, including updated flooring and neutral paint tones, provide a clean and contemporary feel. Upstairs, you'll find well-sized bedrooms with comfortable layouts and great natural light. The home also includes an unfinished basement offering additional storage or future potential. Conveniently located near major roads, shopping, and local amenities, this property is ideal for both homeowners and investors looking for a solid, turnkey opportunity. Don't miss the chance to own this beautifully refreshed home!

Key facts

• 4,792 sq ft lot
• Built 1933
• Listed 63 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $137k.

Deal economics

• At list price, monthly cash flow is $241 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $137k).
• Recommended offer: $129k (6.0% 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: Rents flat; 492 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 39% of the median local income ($45k/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 $946 of loan paydown is wiped out by about $4k 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 64 days — a 6% lower offer ($129k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 4y 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 1933 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $128,685 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1933 — 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: 1.08% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.54%
• DSCR: 1.34
• GRM: 7.7

CMA / ARV

• ARV (median comp): $159,900
• List price: $136,900
• Delta: -14.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5574 Buckingham Ave	0.26mi	3/1.0 (-1)	1,430 (-2%)	2mo	$105,000	$73	79
5753 Three Mile Dr	0.28mi	3/1.5 (-1)	1,521 (+4%)	2mo	$75,000	$49	71
5266 Devonshire Rd	0.09mi	3/1.0 (-1)	1,274 (-12%)	1mo	$118,000	$93	69
5236 Bedford St	0.03mi	3/1.5 (-1)	1,670 (+15%)	1mo	$159,900	$96	67
5791 Bedford St	0.32mi	3/1.5 (-1)	1,344 (-8%)	1mo	$178,000	$132	65
5085 Grayton St	0.45mi	4/2.5	1,381 (-5%)	1mo	$240,500	$174	63
5050 Somerset Ave	0.42mi	3/1.0 (-1)	1,356 (-7%)	1mo	$84,900	$63	63
4605 Devonshire Rd	0.42mi	3/1.0 (-1)	1,357 (-7%)	1mo	$139,000	$102	63
5743 Buckingham Ave	0.34mi	3/1.5 (-1)	1,328 (-9%)	2mo	$160,000	$120	60
5291 Devonshire Rd	0.13mi	3/3.0 (-1)	1,650 (+13%)	2mo	$245,000	$148	57
4404 Somerset Ave	0.61mi	3/1.0 (-1)	1,292 (-11%)	0mo	$190,000	$147	48
5762 Oldtown St	0.72mi	3/1.5 (-1)	1,240 (-15%)	2mo	$138,000	$111	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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: -7.3%
• Equity multiple: 0.74×
• Total profit: $-10,134
• Equity at exit: $20,412

10-year hold

• IRR: -0.8%
• Equity multiple: 0.95×
• Total profit: $-1,953
• Equity at exit: $11,837

Cash invested: $38,332 (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 48224

• Rents YoY: 0.7%
• Active inventory: 492
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,474 high
• Mortgage (P&I): −$718
• Tax from tax record: −$149 /mo · $1,783/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $241

Break-even live

Break-even rent $1,169

Max offer price $136,900

Occupancy floor 79%

Sensitivity live

Price	-10% $318	-5% $279	+0% $241	+5% $202	+10% $163
Rent	-10% $124	-5% $183	+0% $241	+5% $299	+10% $357
Rate	-1.0pp $310	-0.5pp $276	base $241	+0.5pp $205	+1.0pp $169

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: $34,225
• Closing costs: $4,107
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	6d	1	0.11mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.14mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	18d	1	0.14mi
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	5d	1	0.25mi
5791 Somerset Ave Detroit, MI	3.0	2.0	1660	$1,400	$0.84	18d	1	0.53mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	16d	1	0.56mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	6d	1	0.57mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	44d	1	0.65mi
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	44d	1	0.68mi
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	44d	1	0.74mi
9142 Yorkshire Rd Detroit, MI	5.0	1.5	1450	$1,700	$1.17	0d	1	0.77mi
9171 Bishop St Detroit, MI	4.0	1.0	1508	$1,300	$0.86	44d	1	0.81mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	44d	1	0.82mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	16d	1	0.85mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	18d	1	0.87mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	44d	1	0.88mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	6d	1	0.88mi
6225 Oldtown St Detroit, MI	3.0	1.0	1330	$1,199	$0.90	18d	1	0.90mi
3625 Chatsworth St Detroit, MI	3.0	1.5	1182	$1,295	$1.10	25d	1	0.92mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	21d	1	0.92mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	44d	1	0.93mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	0.93mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	44d	1	0.93mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	4d	1	0.95mi
10030 Bishop St Detroit, MI	5.0	2.0	1721	$1,200	$0.70	18d	1	0.95mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	44d	1	0.96mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	44d	1	0.97mi
5786 Neff Ave Detroit, MI	3.0	1.5	1100	$1,225	$1.11	17d	1	0.97mi
9313 Harvard Rd Detroit, MI	3.0	1.5	1329	$1,200	$0.90	18d	1	1.00mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	19d	1	1.05mi
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	4d	1	1.05mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	3d	1	1.09mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	1.11mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	21d	1	1.11mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	44d	1	1.12mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	19d	1	1.20mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	13d	1	1.22mi
6175 Marseilles St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	1.23mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	18d	1	1.23mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	12d	1	1.24mi

Listing history 45 events

1. 2026-06-21
   days on market $136,900 Active 64 DOM
2. 2026-06-18
   days on market $136,900 Active 61 DOM
3. 2026-06-17
   days on market $136,900 Active 60 DOM
4. 2026-06-15
   days on market $136,900 Active 58 DOM
5. 2026-06-13
   days on market $136,900 Active 56 DOM
6. 2026-06-13
   days on market $136,900 Active 55 DOM
7. 2026-06-09
   days on market $136,900 Active 52 DOM
8. 2026-06-08
   days on market $136,900 Active 51 DOM
9. 2026-06-07
   days on market $136,900 Active 50 DOM
10. 2026-06-04
    days on market $136,900 Active 47 DOM
11. 2026-06-03
    days on market $136,900 Active 46 DOM
12. 2026-06-02
    days on market $136,900 Active 45 DOM
13. 2026-06-01
    days on market $136,900 Active 44 DOM
14. 2026-05-31
    days on market $136,900 Active 43 DOM
15. 2026-04-19
    listed $136,900 Active 905-char remark

    Show marketing remark (917 chars)

    Beautifully updated colonial in Detroit offering a bright, spacious, and move-in-ready interior! This home features a large living area with abundant natural light and a charming fireplace that creates a warm and inviting atmosphere. The open dining area with direct access to the backyard, and a fully updated kitchen with modern finishes and ample cabinetry. Fresh finishes throughout the home, including updated flooring and neutral paint tones, provide a clean and contemporary feel. Upstairs, you’ll find well-sized bedrooms with comfortable layouts and great natural light. The home also includes an unfinished basement offering additional storage or future potential. Conveniently located near major roads, shopping, and local amenities, this property is ideal for both homeowners and investors looking for a solid, turnkey opportunity. Don’t miss the chance to own this beautifully refreshed home!

16. 2026-04-19
    listed $136,900 Active 917-char remark

    Show marketing remark (917 chars)

    Beautifully updated colonial in Detroit offering a bright, spacious, and move-in-ready interior! This home features a large living area with abundant natural light and a charming fireplace that creates a warm and inviting atmosphere. The open dining area with direct access to the backyard, and a fully updated kitchen with modern finishes and ample cabinetry. Fresh finishes throughout the home, including updated flooring and neutral paint tones, provide a clean and contemporary feel. Upstairs, you’ll find well-sized bedrooms with comfortable layouts and great natural light. The home also includes an unfinished basement offering additional storage or future potential. Conveniently located near major roads, shopping, and local amenities, this property is ideal for both homeowners and investors looking for a solid, turnkey opportunity. Don’t miss the chance to own this beautifully refreshed home!

17. 2026-04-16
    historical $136,900 905-char remark

    Show marketing remark (905 chars)

    Beautifully updated colonial in Detroit offering a bright, spacious, and move-in-ready interior! This home features a large living area with abundant natural light and a charming fireplace that creates a warm and inviting atmosphere. The open dining area with direct access to the backyard, and a fully updated kitchen with modern finishes and ample cabinetry. Fresh finishes throughout the home, including updated flooring and neutral paint tones, provide a clean and contemporary feel. Upstairs, you'll find well-sized bedrooms with comfortable layouts and great natural light. The home also includes an unfinished basement offering additional storage or future potential. Conveniently located near major roads, shopping, and local amenities, this property is ideal for both homeowners and investors looking for a solid, turnkey opportunity. Don't miss the chance to own this beautifully refreshed home!

18. 2026-03-17
    historical
19. 2026-03-17
    historical
20. 2026-03-07
    price $136,999
21. 2026-03-06
    price $136,999
22. 2026-01-21
    price $139,999
23. 2026-01-21
    price $139,999
24. 2025-11-13
    price $143,999
25. 2025-11-12
    price $143,999
26. 2025-10-29
    price $147,999
27. 2025-10-29
    price $147,999
28. 2025-10-03
    listed $149,999 Active
29. 2025-10-03
    listed $149,999 Active
30. 2025-09-30
    historical
31. 2025-09-02
    historical
32. 2025-09-02
    historical
33. 2025-08-13
    price $177,000
34. 2025-08-12
    price $177,000
35. 2025-07-29
    listed $179,000 Active
36. 2025-07-29
    listed $179,000 Active
37. 2025-07-23
    historical
38. 2022-10-05
    historical
39. 2022-10-05
    historical
40. 2022-09-21
    status Active
41. 2022-09-21
    status Active
42. 2022-08-19
    historical Accepting Backup Offers
43. 2022-08-19
    historical Accepting Backup Offers
44. 2022-07-12
    listed $50,000 Active
45. 2022-07-12
    listed $50,000 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: $1,783 · $149/mo
• Projected year-2 tax: $1,946 · $162/mo
• Expected delta: +$163/yr (+$14/mo · 9.1%)

ⓘ 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 ≥95°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

Taxation est. · year 1

• Rental income: $17,685
• − Mortgage interest: −$7,669
• − Property taxes: −$1,783
• − Insurance: −$684
• − Repairs & maintenance: −$1,415
• − Management: −$1,415
• − Depreciation: −$3,983
• Taxable income: $737
• Est. tax owed @ 24.0%: −$177
• After-tax cash flow: $2,712/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+173.8% since first listed

31 events — show timeline

• 2026-04-19 Listed $136,900 MiRealSource-MiMLS
• 2026-04-19 Listed $136,900 REALCOMP
• 2026-04-16 Coming Soon $136,900 MiRealSource-MiMLS
• 2026-03-17 Listing Removed — MiRealSource-MiMLS
• 2026-03-17 Listing Removed — REALCOMP
• 2026-03-07 Price Changed $136,999 MiRealSource-MiMLS
• 2026-03-06 Price Changed $136,999 REALCOMP
• 2026-01-21 Price Changed $139,999 MiRealSource-MiMLS
• 2026-01-21 Price Changed $139,999 REALCOMP
• 2025-11-13 Price Changed $143,999 MiRealSource-MiMLS
• 2025-11-12 Price Changed $143,999 REALCOMP
• 2025-10-29 Price Changed $147,999 MiRealSource-MiMLS
• 2025-10-29 Price Changed $147,999 REALCOMP
• 2025-10-03 Listed $149,999 MiRealSource-MiMLS
• 2025-10-03 Listed $149,999 REALCOMP
• 2025-09-30 Coming Soon — MiRealSource-MiMLS
• 2025-09-02 Listing Removed — MiRealSource-MiMLS
• 2025-09-02 Listing Removed — REALCOMP
• 2025-08-13 Price Changed $177,000 MiRealSource-MiMLS
• 2025-08-12 Price Changed $177,000 REALCOMP
• 2025-07-29 Listed $179,000 MiRealSource-MiMLS
• 2025-07-29 Listed $179,000 REALCOMP
• 2025-07-23 Coming Soon — MiRealSource-MiMLS
• 2022-10-05 Listing Removed — MiRealSource-MiMLS
• 2022-10-05 Listing Removed — REALCOMP
• 2022-09-21 Relisted — MiRealSource-MiMLS
• 2022-09-21 Relisted — REALCOMP
• 2022-08-19 Contingent — MiRealSource-MiMLS
• 2022-08-19 Contingent — REALCOMP
• 2022-07-12 Listed $50,000 MiRealSource-MiMLS
• 2022-07-12 Listed $50,000 REALCOMP

Property tax history

-0.8%/yr

Latest (2025): $1,783 · -9.8% YoY. Source: county tax records.