15470 Mapleridge St · Detroit, MI 48205

$83,000

3 bd · 1.0 ba · 1,483 sqft · SingleFamily public records · 4 Days on market

Built 1940 5,663 sqft lot $56/sqft · 7% above area Est $78k · 7% over

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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
• ARV discount +4.6/15.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

For Sale: 15470 Mapleridge St, Detroit, MI 48205 – Great Opportunity in a Vibrant Eastside Neighborhood! This charming 2-story Colonial home offers 3 bedrooms, 1 bathroom, and approximately 1,483 sq ft of living space on a nice lot (approx. 40x138 ft). Built in 1940, it's well-maintained and ready for its next owner. Solid bones with classic Colonial style - spacious layout perfect for families or investors. Priced attractively at $83,000 - excellent value for the Detroit Eastside market! Located on Mapleridge Street in Detroit's vibrant Eastside (Park Drive No. 7 subdivision). Convenient access to local amenities, parks, and major roads. A solid, established neighborhood with strong potential for homeowners or rental investors. The seller is highly motivated and open to private financing / land contract options - making this a fantastic opportunity for buyers who may not qualify for traditional loans. This is a great property with real upside! Don't miss out on this Eastside gem! (Perfect for first-time buyers, investors, or anyone looking for an affordable, move-in ready home in Detroit. ) * * * LAND CONTRACT TERMS AVIALABLE * * *

Key facts

• 5,663 sq ft lot
• Pool
• Built 1940

Tags

• VIBRANT EASTSIDE NEIGHBORHOOD
• CLASSIC COLONIAL STYLE
• ESTABLISHED NEIGHBORHOOD

Property features AI

Exterior

• Parking: No garage
• Utilities: Water available; Sewer available
• Home design: Single-family residence; Two levels; Ground-level entry with steps
• Construction: Brick construction; Brick/mortar foundation; Built area above grade about 1,483 square feet
• Exterior features: Outdoor pool; Paved road access; Lot approximately 0.13 acres (40 x 138)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $83k.

Deal economics

• At list price, monthly cash flow is $466 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $83k).
• Cap rate 13.0% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 (+1.3%/yr); 373 active listings in the ZIP; 40 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 41% of the median local income ($39k/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 $574 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 + 1.3% rent growth), your $23k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 sale attempts since 7y 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 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,000

Questions for the listing agent

1. Built in 1940 — 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: 1.58% ✓
• Cap rate: 13.02%
• Cash-on-cash: 24.04%
• DSCR: 2.07
• GRM: 5.3

CMA / ARV

• ARV (median comp): $77,905
• List price: $83,000
• Delta: 6.54%
• 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
15469 Troester St	0.16mi	3/1.0	1,375 (-7%)	1mo	$60,000	$44	79
15309 Mapleridge St	0.09mi	3/1.5	1,348 (-9%)	3mo	$116,000	$86	76
15430 Mapleridge St	0.04mi	4/1.5 (+1)	1,320 (-11%)	1mo	$123,000	$93	72
14841 Maddelein St	0.64mi	3/1.0	1,516 (+2%)	3mo	$20,000	$13	64
11336 Courville St	0.67mi	3/1.0	1,425 (-4%)	0mo	$62,500	$44	62
12230 Lansdowne St	0.63mi	3/1.0	1,426 (-4%)	3mo	$56,000	$39	62
11323 Lansdowne St	0.66mi	3/1.5	1,397 (-6%)	2mo	$133,282	$95	56
11859 Laing St	0.44mi	3/2.0	1,330 (-10%)	4mo	$127,500	$96	55
15919 Eastwood St	0.46mi	4/1.0 (+1)	1,344 (-9%)	4mo	$47,000	$35	54
12058 Wayburn St	0.70mi	3/1.5	1,566 (+6%)	2mo	$143,000	$91	54
11790 Payton St	0.50mi	2/1.0 (-1)	1,314 (-11%)	6mo	$35,000	$27	48
11708 Laing St	0.52mi	3/1.5	1,700 (+15%)	7mo	$84,000	$49	44

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 15.4%
• Equity multiple: 1.60×
• Total profit: $14,048
• Equity at exit: $12,376

10-year hold

• IRR: 22.8%
• Equity multiple: 2.80×
• Total profit: $41,867
• Equity at exit: $7,176

Cash invested: $23,240 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,315 high
• Mortgage (P&I): −$435
• Tax est. 1.5%: −$104 /mo · $1,245/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $466

Break-even live

Break-even rent $726

Max offer price $83,000

Occupancy floor 60%

Sensitivity live

Price	-10% $523	-5% $494	+0% $466	+5% $437	+10% $408
Rent	-10% $362	-5% $414	+0% $466	+5% $518	+10% $569
Rate	-1.0pp $507	-0.5pp $487	base $466	+0.5pp $444	+1.0pp $422

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: $20,750
• Closing costs: $2,490
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15494 Mapleridge St Detroit, MI	3.0	1.0	937	$1,275	$1.36	44d	1	0.00mi
12655 Kelly Rd Detroit, MI	2.0	1.0	1680	$1,150	$0.68	11d	1	0.36mi
12651 Kelly Rd Unit 1 Detroit, MI	2.0	1.0	1680	$1,150	$0.68	11d	1	0.36mi
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	44d	1	0.41mi
15616 E 7 Mile Rd Detroit, MI	3.0	1.5	1150	$1,150	$1.00	18d	1	0.44mi
12716 Riad St Detroit, MI	3.0	1.0	974	$1,275	$1.31	18d	1	0.47mi
11911 Lansdowne St Detroit, MI	4.0	1.0	1350	$1,400	$1.04	44d	1	0.52mi
16031 E 7 Mile Rd #5 Detroit, MI	2.0	1.0	1204	$1,200	$1.00	3d	1	0.56mi
15000 Mayfield St Detroit, MI	3.0	1.0	1146	$970	$0.85	18d	1	0.57mi
11689 Wayburn St Detroit, MI	3.0	1.0	1142	$1,350	$1.18	44d	1	0.58mi
15909 Maddelein St Detroit, MI	3.0	1.0	894	$1,266	$1.42	44d	1	0.59mi
15604 Coram St Detroit, MI	3.0	1.0	1210	$1,000	$0.83	44d	1	0.62mi
11620 Rossiter St Detroit, MI	3.0	1.0	1140	$1,200	$1.05	18d	1	0.67mi
18530 Kingsville St Harper Woods, MI	3.0	1.5	1396	$1,375	$0.98	18d	1	0.67mi
11776 Rossiter St Detroit, MI	3.0	1.0	964	$1,150	$1.19	12d	1	0.69mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	15d	1	0.76mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	44d	1	0.76mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	44d	1	0.77mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	18d	1	0.77mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	11d	1	0.81mi
14481 Maddelein St Detroit, MI	3.0	1.0	1200	$1,100	$0.92	44d	1	0.82mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	21d	1	0.87mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	18d	1	0.88mi
14504 Coram St Detroit, MI	3.0	1.0	1203	$1,175	$0.98	25d	1	0.88mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	18d	1	0.89mi
14201 Mayfield St Detroit, MI	4.0	1.5	1296	$1,250	$0.96	44d	1	0.93mi
16225 Manning St Detroit, MI	4.0	2.0	1036	$1,475	$1.42	44d	1	0.94mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	18d	1	0.95mi
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.97mi
19365 Kingsville St Harper Woods, MI	4.0	1.5	996	$1,650	$1.66	15d	1	0.98mi
19435 McCormick St Detroit, MI	3.0	2.0	1148	$1,300	$1.13	18d	1	1.00mi
19442 Kingsville St Harper Woods, MI	3.0	1.0	1000	$1,500	$1.50	18d	1	1.02mi
19639 Moross Rd Unit 1 Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	1.05mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	4d	1	1.05mi
19152 Woodside St Harper Woods, MI	3.0	1.0	916	$1,500	$1.64	18d	1	1.09mi
16446 E State Fair St Detroit, MI	2.0	1.0	1200	$1,350	$1.12	25d	1	1.09mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	44d	1	1.14mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	13d	1	1.14mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	1.16mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	44d	1	1.16mi

Listing history 39 events

1. 2026-06-18
   days on market $83,000 Active 4 DOM
2. 2026-06-17
   days on market $83,000 Active 3 DOM
3. 2026-06-16
   days on market $83,000 Active 2 DOM
4. 2026-06-15
   listing id $83,000 Active 1 DOM
5. 2026-06-15
   remarks 682-char remark
6. 2026-06-15
   days on marketlisting id $83,000 Active 1 DOM
7. 2026-06-13
   days on market $83,000 Active 390 DOM
8. 2026-06-13
   days on market $83,000 Active 389 DOM
9. 2026-06-09
   days on market $83,000 Active 386 DOM
10. 2026-06-08
    days on market $83,000 Active 385 DOM
11. 2026-06-07
    days on market $83,000 Active 384 DOM
12. 2026-06-04
    days on market $83,000 Active 381 DOM
13. 2026-06-03
    days on market $83,000 Active 380 DOM
14. 2026-06-01
    days on market $83,000 Active 378 DOM
15. 2026-05-31
    days on market $83,000 Active 377 DOM
16. 2026-02-18
    price $83,000 471-char remark
17. 2026-02-18
    price $83,000 471-char remark
18. 2025-12-12
    price $85,000 471-char remark
19. 2025-12-11
    price $85,000 471-char remark
20. 2025-05-19
    listed $100,000 Active 471-char remark
21. 2025-05-19
    listed $100,000 Active 471-char remark
22. 2025-05-05
    historical
23. 2025-05-05
    historical
24. 2025-03-28
    listed $100,000 Active
25. 2025-03-28
    listed $100,000 Active
26. 2024-08-01
    historical
27. 2024-07-31
    historical
28. 2023-11-09
    listed $100,000 Active
29. 2023-11-09
    listed $100,000 Active
30. 2023-11-04
    historical
31. 2023-11-04
    historical
32. 2023-05-08
    listed $100,000 Active
33. 2023-05-08
    listed $100,000 Active
34. 2020-02-26
    soldstatus $80,000
35. 2019-12-24
    soldstatus $25,000
36. 2019-12-24
    soldstatus $25,000 Closed
37. 2019-12-19
    status Pending
38. 2019-12-06
    listed $27,000
39. 2019-12-06
    listed $27,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% 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 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,785
• − Mortgage interest: −$4,649
• − Property taxes: −$1,245
• − Insurance: −$415
• − Repairs & maintenance: −$1,263
• − Management: −$1,263
• − Depreciation: −$2,415
• Taxable income: $4,535
• Est. tax owed @ 24.0%: −$1,088
• After-tax cash flow: $4,498/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+207.4% since first listed

28 events — show timeline

• 2026-06-14 Listing Removed — MiRealSource-MiMLS
• 2026-06-14 Listed $83,000 REALCOMP
• 2026-06-14 Listed $83,000 MiRealSource-MiMLS
• 2026-06-14 Listing Removed — REALCOMP
• 2026-02-18 Price Changed $83,000 MiRealSource-MiMLS
• 2026-02-18 Price Changed $83,000 REALCOMP
• 2025-12-12 Price Changed $85,000 MiRealSource-MiMLS
• 2025-12-11 Price Changed $85,000 REALCOMP
• 2025-05-19 Listed $100,000 REALCOMP
• 2025-05-19 Listed $100,000 MiRealSource-MiMLS
• 2025-05-05 Listing Removed — REALCOMP
• 2025-05-05 Listing Removed — MiRealSource-MiMLS
• 2025-03-28 Listed $100,000 REALCOMP
• 2025-03-28 Listed $100,000 MiRealSource-MiMLS
• 2024-08-01 Listing Removed — MiRealSource-MiMLS
• 2024-07-31 Listing Removed — REALCOMP
• 2023-11-09 Listed $100,000 MiRealSource-MiMLS
• 2023-11-09 Listed $100,000 REALCOMP
• 2023-11-04 Listing Removed — MiRealSource-MiMLS
• 2023-11-04 Listing Removed — REALCOMP
• 2023-05-08 Listed $100,000 MiRealSource-MiMLS
• 2023-05-08 Listed $100,000 REALCOMP
• 2020-02-26 Sold (Public Records) $80,000 Public Records
• 2019-12-24 Sold (MLS) $25,000 REALCOMP
• 2019-12-24 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2019-12-19 Pending — MiRealSource-MiMLS
• 2019-12-06 Listed $27,000 REALCOMP
• 2019-12-06 Listed $27,000 MiRealSource-MiMLS

Property tax history

+6.9%/yr

Latest (2025): $4,319 · +97.9% YoY. Source: county tax records.