14593 Wisconsin St · Detroit, MI 48238

$67,900

3 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 31 Days on market

Built 1937 3,920 sqft lot $66/sqft · 41% above area Est $48k · 41% 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
• Rent growth +4.0/5.0
• 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

TENANT OCCUPIED BRICK COLONIAL HOME LOCATED NORTH OF LYNDON AND EAST OF WYOMING. THIS PROPERTY FEATURES INVITING LIVING ROOM, DINING AREA, HARDWOOD FLOORS THROUGH OUT, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH AND THEIR LEASE IS MONTH TO MONTH. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * *

Key facts

• 3,920 sq ft lot
• Built 1937
• Listed 31 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $492 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $66k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.0% 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 (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 ($33k/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 $469 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 + 6.1% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 8y 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 1937 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,863 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.82% ✓
• Cap rate: 14.99%
• Cash-on-cash: 31.05%
• DSCR: 2.38
• GRM: 4.6

CMA / ARV

• ARV (median comp): $48,086
• List price: $67,900
• Delta: 49.53%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14249 Cloverlawn St	0.36mi	3/1.0	1,035 (+0%)	5mo	$69,000	$67	78
8539 Desoto St	0.30mi	3/1.0	988 (-4%)	3mo	$31,529	$32	77
8731 Chalfonte St	0.23mi	3/1.0	1,089 (+6%)	10mo	$24,000	$22	72
8598 Ellsworth St	0.36mi	4/1.0 (+1)	1,006 (-2%)	8mo	$20,000	$20	67
14628 Ohio St	0.08mi	4/1.5 (+1)	1,129 (+9%)	9mo	$50,000	$44	66
14677 Cloverlawn Ave	0.22mi	3/1.5	900 (-13%)	1mo	$20,000	$22	65
14892 Ilene St	0.31mi	3/1.0	1,100 (+7%)	14mo	$77,000	$70	64
14929 Birwood St	0.44mi	3/2.0	999 (-3%)	13mo	$65,000	$65	59
15775 Indiana St	0.74mi	3/1.5	967 (-6%)	1mo	$45,000	$47	52
14629 Monica St	0.66mi	3/1.0	1,128 (+9%)	4mo	$19,000	$17	50
15340 Woodingham Dr	0.59mi	3/1.0	1,127 (+9%)	13mo	$29,900	$27	47
7447 Ellsworth St	0.63mi	3/1.0	1,160 (+12%)	5mo	$35,500	$31	46

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 · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 29.4%
• Equity multiple: 2.28×
• Total profit: $24,391
• Equity at exit: $10,124

10-year hold

• IRR: 38.6%
• Equity multiple: 5.17×
• Total profit: $79,358
• Equity at exit: $5,871

Cash invested: $19,012 (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 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 346
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,238 high
• Mortgage (P&I): −$356
• Tax from tax record: −$102 /mo · $1,220/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $492

Break-even live

Break-even rent $615

Max offer price $67,900

Occupancy floor 55%

Sensitivity live

Price	-10% $530	-5% $511	+0% $492	+5% $473	+10% $453
Rent	-10% $394	-5% $443	+0% $492	+5% $541	+10% $590
Rate	-1.0pp $526	-0.5pp $509	base $492	+0.5pp $474	+1.0pp $456

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: $16,975
• Closing costs: $2,037
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	44d	1	0.15mi
14570 Cherrylawn St Detroit, MI	3.0	1.0	840	$1,250	$1.49	13d	1	0.16mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	17d	1	0.21mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	0.31mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	44d	1	0.33mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	24d	1	0.44mi
13979 Cherrylawn St Detroit, MI	3.0	1.0	1296	$1,334	$1.03	21d	1	0.52mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	18d	1	0.55mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	2d	1	0.55mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	24d	1	0.61mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	5d	1	0.63mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	18d	1	0.66mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	5d	1	0.72mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	44d	1	0.72mi
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	5d	1	0.72mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	5d	1	0.74mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	0.74mi
15839 Kentucky St Detroit, MI	2.0	1.0	800	$1,200	$1.50	18d	1	0.80mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	44d	1	0.82mi
13620 Tuller St Detroit, MI	4.0	1.0	1064	$1,374	$1.29	13d	1	0.83mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	44d	1	0.83mi
15878 Kentucky St Detroit, MI	2.0	1.0	800	$900	$1.12	44d	1	0.84mi
2690 Ewald Cir Detroit, MI	1.0–2.0	1.0	750	$900	$1.20	24d	4	0.86mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	44d	1	0.86mi
2926 Ewald Cir Detroit, MI	2.0	1.0	800	$900	$1.12	18d	1	0.86mi
14847 Cheyenne St Detroit, MI	3.0	2.0	849	$1,150	$1.35	18d	1	0.91mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	4d	1	0.93mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	44d	1	0.97mi
15088 Littlefield St Detroit, MI	2.0	1.0	1294	$1,275	$0.99	22d	1	1.00mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	18d	1	1.01mi
12703 Northlawn St Detroit, MI	2.0	1.0	1365	$1,053	$0.77	21d	1	1.03mi
15738 Sorrento Ave Detroit, MI	3.0	1.0	762	$1,175	$1.54	44d	1	1.03mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	44d	1	1.09mi
4287 W Grand St Unit 4289 Detroit, MI	3.0	1.0	1250	$1,000	$0.80	44d	1	1.13mi
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	17d	1	1.14mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	18d	1	1.16mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	17d	1	1.20mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	24d	1	1.22mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	44d	1	1.22mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	44d	1	1.23mi

Listing history 38 events

1. 2026-06-18
   days on market $67,900 Active 31 DOM
2. 2026-06-17
   days on market $67,900 Active 30 DOM
3. 2026-06-15
   days on market $67,900 Active 28 DOM
4. 2026-06-13
   days on market $67,900 Active 26 DOM
5. 2026-06-13
   pricedays on market $67,900 Active 25 DOM
6. 2026-06-09
   days on market $68,900 Active 22 DOM
7. 2026-06-08
   days on market $68,900 Active 21 DOM
8. 2026-06-07
   days on market $68,900 Active 20 DOM
9. 2026-06-04
   days on market $68,900 Active 17 DOM
10. 2026-06-03
    days on market $68,900 Active 16 DOM
11. 2026-06-02
    days on market $68,900 Active 15 DOM
12. 2026-06-01
    days on market $68,900 Active 14 DOM
13. 2026-05-31
    days on market $68,900 Active 13 DOM
14. 2026-05-18
    listed $69,900 Active 710-char remark

    Show marketing remark (710 chars)

    TENANT OCCUPIED BRICK COLONIAL HOME LOCATED NORTH OF LYNDON AND EAST OF WYOMING. THIS PROPERTY FEATURES INVITING LIVING ROOM, DINING AREA, HARDWOOD FLOORS THROUGH OUT, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH AND THEIR LEASE IS MONTH TO MONTH. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * *

15. 2026-05-18
    listed $69,900 Active 710-char remark

    Show marketing remark (710 chars)

    TENANT OCCUPIED BRICK COLONIAL HOME LOCATED NORTH OF LYNDON AND EAST OF WYOMING. THIS PROPERTY FEATURES INVITING LIVING ROOM, DINING AREA, HARDWOOD FLOORS THROUGH OUT, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH AND THEIR LEASE IS MONTH TO MONTH. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * *

16. 2026-05-07
    historical
17. 2026-05-07
    historical
18. 2026-04-23
    price $71,900
19. 2026-04-23
    price $71,900
20. 2026-03-24
    price $72,900
21. 2026-03-23
    price $72,900
22. 2026-01-30
    price $78,400
23. 2026-01-29
    price $78,400
24. 2025-11-21
    price $79,400
25. 2025-11-20
    price $79,400
26. 2025-11-11
    price $79,900
27. 2025-11-10
    price $79,900
28. 2025-11-07
    listed $69,900 Active
29. 2025-11-07
    listed $69,900 Active
30. 2025-07-12
    historical
31. 2025-07-12
    historical
32. 2025-05-06
    listed $87,500 Active
33. 2025-05-06
    listed $87,500 Active
34. 2019-01-28
    soldstatus $271,500
35. 2018-09-06
    historical
36. 2018-09-05
    historical
37. 2018-04-07
    listed $44,900 Active
38. 2018-04-07
    listed $44,900 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: $1,220 · $102/mo
• Projected year-2 tax: $1,220 · $102/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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) · 48% 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: $14,855
• − Mortgage interest: −$3,803
• − Property taxes: −$1,220
• − Insurance: −$340
• − Repairs & maintenance: −$1,188
• − Management: −$1,188
• − Depreciation: −$1,975
• Taxable income: $5,140
• Est. tax owed @ 24.0%: −$1,234
• After-tax cash flow: $4,669/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

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% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

+55.7% since first listed

25 events — show timeline

• 2026-05-18 Listed $69,900 REALCOMP
• 2026-05-18 Listed $69,900 MiRealSource-MiMLS
• 2026-05-07 Listing Removed — MiRealSource-MiMLS
• 2026-05-07 Listing Removed — REALCOMP
• 2026-04-23 Price Changed $71,900 MiRealSource-MiMLS
• 2026-04-23 Price Changed $71,900 REALCOMP
• 2026-03-24 Price Changed $72,900 MiRealSource-MiMLS
• 2026-03-23 Price Changed $72,900 REALCOMP
• 2026-01-30 Price Changed $78,400 MiRealSource-MiMLS
• 2026-01-29 Price Changed $78,400 REALCOMP
• 2025-11-21 Price Changed $79,400 MiRealSource-MiMLS
• 2025-11-20 Price Changed $79,400 REALCOMP
• 2025-11-11 Price Changed $79,900 MiRealSource-MiMLS
• 2025-11-10 Price Changed $79,900 REALCOMP
• 2025-11-07 Listed $69,900 MiRealSource-MiMLS
• 2025-11-07 Listed $69,900 REALCOMP
• 2025-07-12 Listing Removed — MiRealSource-MiMLS
• 2025-07-12 Listing Removed — REALCOMP
• 2025-05-06 Listed $87,500 MiRealSource-MiMLS
• 2025-05-06 Listed $87,500 REALCOMP
• 2019-01-28 Sold (Public Records) $271,500 Public Records
• 2018-09-06 Listing Removed — REALCOMP
• 2018-09-05 Listing Removed — MiRealSource-MiMLS
• 2018-04-07 Listed $44,900 MiRealSource-MiMLS
• 2018-04-07 Listed $44,900 REALCOMP

Property tax history

+4.6%/yr

Latest (2025): $1,220 · -53.9% YoY. Source: county tax records.