19946 Strasburg St · Detroit, MI 48205

$45,000

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 42 Days on market

Built 1942 4,792 sqft lot $67/sqft · 16% above area Est $39k · 16% 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
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.3/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! Vacant 2-bedroom home. with strong rental and investment potential. Tenant recently moved out now ready for it's next owner. BATVAI Contact Cam Porter 248-819-2185

Key facts

• 4,792 sq ft lot
• Garage
• Built 1942

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Detached garage (1 car)
• Home design: Single-family residence; Residential property; Built in 1942
• Construction: Vinyl siding; Asphalt roof; Living area 672
• Exterior features: Public water; Lot approximately 0.11 acres

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Six total rooms; Michigan-style basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $590 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (3.0% below list) — sets the bar for market timing.
• Cap rate 22.0% 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 (+1.3%/yr); 373 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 38% 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 $311 of loan paydown is wiped out by about $1k 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 $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 7y ago; this cycle's ask has dropped $7k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $43,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.75% ✓
• Cap rate: 22.01%
• Cash-on-cash: 56.14%
• DSCR: 3.50
• GRM: 3.0

CMA / ARV

• ARV (median comp): $38,814
• List price: $45,000
• Delta: 15.94%
• 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
20083 Bradford St	0.20mi	2/1.0	648 (-4%)	0mo	$24,000	$37	84
20520 Dresden St	0.33mi	2/1.5	680 (+1%)	0mo	$33,000	$49	80
20091 Annott St	0.26mi	2/1.0	747 (+11%)	1mo	$12,800	$17	68
20061 Westphalia St	0.30mi	2/1.0	712 (+6%)	13mo	$75,000	$105	65
12832 Sherman Ave	0.75mi	2/1.0	696 (+4%)	2mo	$100,000	$144	57
19997 Alcoy St	0.47mi	2/1.0	721 (+7%)	14mo	$43,000	$60	54
20554 Joann St	0.56mi	2/1.0	721 (+7%)	12mo	$35,000	$49	52
12861 Vernon Ave	0.68mi	2/1.0	696 (+4%)	13mo	$110,000	$158	51
12849 Vernon Ave	0.68mi	2/1.0	696 (+4%)	13mo	$107,500	$154	51
19392 Pelkey St	0.71mi	2/1.0	731 (+9%)	2mo	$30,000	$41	51
12408 Sarsfield Ave	0.64mi	2/1.0	720 (+7%)	11mo	$70,000	$97	50
13225 E State Fair St	0.46mi	2/1.0	750 (+12%)	16mo	$25,000	$33	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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 52.5%
• Equity multiple: 3.24×
• Total profit: $28,276
• Equity at exit: $6,710

10-year hold

• IRR: 57.1%
• Equity multiple: 6.17×
• Total profit: $65,127
• Equity at exit: $3,891

Cash invested: $12,600 (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: 3.0×

Monthly cashflow live

• Estimated rent: $1,236 high
• Mortgage (P&I): −$236
• Tax from tax record: −$132 /mo · $1,590/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $590

Break-even live

Break-even rent $490

Max offer price $45,000

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	0.53mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	43d	1	0.53mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	0.62mi
21412 Waltham Rd Warren, MI	2.0	1.0	696	$1,225	$1.76	43d	1	0.79mi
18667 Algonac St Detroit, MI	1.0	1.0	680	$1,999	$2.94	17d	1	0.99mi
11236 Studebaker Ave Warren, MI	2.0	1.0	672	$1,175	$1.75	43d	1	1.20mi
13503 E McNichols Rd Unit 7 Detroit, MI	1.0	1.0	750	$800	$1.07	18d	1	1.31mi
7605 Jackson Ave Warren, MI	2.0	1.0	600	$1,165	$1.94	24d	1	1.49mi

Listing history 50 events

1. 2026-06-18
   days on market $45,000 Active 42 DOM
2. 2026-06-17
   days on market $45,000 Active 41 DOM
3. 2026-06-15
   days on market $45,000 Active 39 DOM
4. 2026-06-13
   days on market $45,000 Active 37 DOM
5. 2026-06-13
   days on market $45,000 Active 36 DOM
6. 2026-06-09
   days on market $45,000 Active 33 DOM
7. 2026-06-08
   days on market $45,000 Active 32 DOM
8. 2026-06-07
   pricedays on market $45,000 Active 31 DOM
9. 2026-06-04
   days on market $50,000 Active 28 DOM
10. 2026-06-03
    days on market $50,000 Active 27 DOM
11. 2026-06-02
    days on market $50,000 Active 26 DOM
12. 2026-06-01
    days on market $50,000 Active 25 DOM
13. 2026-05-31
    days on market $50,000 Active 24 DOM
14. 2026-05-13
    price $50,000 181-char remark

    Show marketing remark (181 chars)

    Investor Special! Vacant 2-bedroom home. with strong rental and investment potential. Tenant recently moved out now ready for it's next owner. BATVAI Contact Cam Porter 248-819-2185

15. 2026-05-13
    price $50,000 181-char remark

    Show marketing remark (181 chars)

    Investor Special! Vacant 2-bedroom home. with strong rental and investment potential. Tenant recently moved out now ready for it's next owner. BATVAI Contact Cam Porter 248-819-2185

16. 2026-05-13
    price $50,000

    Show marketing remark (181 chars)

    Investor Special! Vacant 2-bedroom home. with strong rental and investment potential. Tenant recently moved out now ready for it's next owner. BATVAI Contact Cam Porter 248-819-2185

17. 2026-05-06
    listed $52,000 Active 181-char remark

    Show marketing remark (181 chars)

    Investor Special! Vacant 2-bedroom home. with strong rental and investment potential. Tenant recently moved out now ready for it's next owner. BATVAI Contact Cam Porter 248-819-2185

18. 2026-05-06
    listed $52,000 Active 181-char remark

    Show marketing remark (181 chars)

    Investor Special! Vacant 2-bedroom home. with strong rental and investment potential. Tenant recently moved out now ready for it's next owner. BATVAI Contact Cam Porter 248-819-2185

19. 2026-05-06
    listed $52,000 Active

    Show marketing remark (181 chars)

    Investor Special! Vacant 2-bedroom home. with strong rental and investment potential. Tenant recently moved out now ready for it's next owner. BATVAI Contact Cam Porter 248-819-2185

20. 2026-05-03
    historical
21. 2026-05-02
    historical
22. 2026-04-16
    price $54,000
23. 2026-04-16
    price $54,000
24. 2026-04-16
    price $54,000
25. 2026-04-10
    price $56,000
26. 2026-04-10
    price $56,000
27. 2026-04-10
    price $56,000
28. 2026-03-28
    price $58,000
29. 2026-03-27
    price $58,000
30. 2026-03-27
    price $58,000
31. 2026-03-16
    price $63,000
32. 2026-03-16
    price $63,000
33. 2026-03-16
    price $63,000
34. 2026-03-04
    price $65,000
35. 2026-03-03
    price $65,000
36. 2026-03-03
    price $65,000
37. 2026-02-07
    price $68,000
38. 2026-02-06
    price $68,000
39. 2026-02-06
    price $68,000
40. 2026-02-03
    listed $73,000 Active
41. 2026-02-02
    listed $73,000 Active
42. 2022-03-14
    soldstatus $75,000
43. 2019-08-01
    historical
44. 2019-08-01
    historical
45. 2019-07-03
    price $10,900
46. 2019-07-02
    price $10,900
47. 2019-06-18
    price $14,000
48. 2019-06-18
    price $14,000
49. 2019-05-09
    price $14,500
50. 2019-05-09
    price $14,500

ⓘ 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: $1,590 · $132/mo
• Projected year-2 tax: $1,590 · $132/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 14 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: $14,836
• − Mortgage interest: −$2,521
• − Property taxes: −$1,590
• − Insurance: −$225
• − Repairs & maintenance: −$1,187
• − Management: −$1,187
• − Depreciation: −$1,309
• Taxable income: $6,818
• Est. tax owed @ 24.0%: −$1,636
• After-tax cash flow: $5,438/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

+150.0% since first listed

44 events — show timeline

• 2026-06-06 Price Changed $45,000 MiRealSource-MiMLS
• 2026-06-05 Price Changed $45,000 REALCOMP
• 2026-06-05 Price Changed $45,000 SW Michigan MLS
• 2026-05-13 Price Changed $50,000 MiRealSource-MiMLS
• 2026-05-13 Price Changed $50,000 REALCOMP
• 2026-05-13 Price Changed $50,000 SW Michigan MLS
• 2026-05-06 Listed $52,000 SW Michigan MLS
• 2026-05-06 Listed $52,000 REALCOMP
• 2026-05-06 Listed $52,000 MiRealSource-MiMLS
• 2026-05-03 Listing Removed — MiRealSource-MiMLS
• 2026-05-02 Listing Removed — REALCOMP
• 2026-04-16 Price Changed $54,000 MiRealSource-MiMLS
• 2026-04-16 Price Changed $54,000 REALCOMP
• 2026-04-16 Price Changed $54,000 SW Michigan MLS
• 2026-04-10 Price Changed $56,000 MiRealSource-MiMLS
• 2026-04-10 Price Changed $56,000 REALCOMP
• 2026-04-10 Price Changed $56,000 SW Michigan MLS
• 2026-03-28 Price Changed $58,000 MiRealSource-MiMLS
• 2026-03-27 Price Changed $58,000 REALCOMP
• 2026-03-27 Price Changed $58,000 SW Michigan MLS
• 2026-03-16 Price Changed $63,000 MiRealSource-MiMLS
• 2026-03-16 Price Changed $63,000 REALCOMP
• 2026-03-16 Price Changed $63,000 SW Michigan MLS
• 2026-03-04 Price Changed $65,000 MiRealSource-MiMLS
• 2026-03-03 Price Changed $65,000 REALCOMP
• 2026-03-03 Price Changed $65,000 SW Michigan MLS
• 2026-02-07 Price Changed $68,000 MiRealSource-MiMLS
• 2026-02-06 Price Changed $68,000 REALCOMP
• 2026-02-06 Price Changed $68,000 SW Michigan MLS
• 2026-02-03 Listed $73,000 REALCOMP
• 2026-02-02 Listed $73,000 MiRealSource-MiMLS
• 2022-03-14 Sold (Public Records) $75,000 Public Records
• 2019-08-01 Listing Removed — REALCOMP
• 2019-08-01 Listing Removed — MiRealSource-MiMLS
• 2019-07-03 Price Changed $10,900 MiRealSource-MiMLS
• 2019-07-02 Price Changed $10,900 REALCOMP
• 2019-06-18 Price Changed $14,000 MiRealSource-MiMLS
• 2019-06-18 Price Changed $14,000 REALCOMP
• 2019-05-09 Price Changed $14,500 MiRealSource-MiMLS
• 2019-05-09 Price Changed $14,500 REALCOMP
• 2019-04-24 Price Changed $15,000 MiRealSource-MiMLS
• 2019-04-24 Price Changed $15,000 REALCOMP
• 2019-03-26 Listed $18,000 MiRealSource-MiMLS
• 2019-03-26 Listed $18,000 REALCOMP

Property tax history

+2.9%/yr

Latest (2025): $1,590 · +0.1% YoY. Source: county tax records.