14297 Wisconsin St · Detroit, MI 48238

$99,900

2 bd · 1.0 ba · 825 sqft · SingleFamily public records · 21 Days on market

Built 1929 3,485 sqft lot

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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 +26.5/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in the heart of Detroit, this beautifully updated 3-bedroom home is move-in ready and loaded with upgrades! Features include brand-new carpet, fresh paint throughout, new interior doors, an updated kitchen, and 2 gorgeous fully renovated bathrooms. The partially finished basement offers additional living space, tons of storage, and a newly updated laundry area with cabinetry. The curb appeal is very nice with a deck and a fenced yard. Conveniently located near major highways, universities, schools, restaurants, places of worship, and sports venues etc. . A perfect blend of comfort, style, and convenience! All data and measurements are approximate. Verify all information.

Key facts

• Fenced yard
• Updated kitchen
• Conveniently located

Tags

• UPDATED KITCHEN
• FULLY RENOVATED BATHROOMS
• PARTIALLY FINISHED BASEMENT
• NEWLY UPDATED LAUNDRY AREA
• FENCED YARD
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level living; Ground-level entry
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Paved road access; Lot approximately 33 x 100.01 (0.08 acres)

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Partially finished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% 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 rising fast (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 40% 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 $691 of loan paydown is wiped out by about $3k 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y 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.
• Current owner paid $32k; list at $100k implies a 212% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $98,401 (1.5% below list)

Questions for the listing agent

1. Built in 1929 — 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: 1.10% ✓
• Cap rate: 9.46%
• Cash-on-cash: 11.32%
• DSCR: 1.50
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $37,125
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14284 Kentucky St	0.08mi	2/1.0	825 (0%)	8mo	$27,000	$33	89
14014 Washburn St	0.28mi	2/1.0	876 (+6%)	3mo	$17,000	$19	75
14619 Greenlawn St	0.41mi	2/1.0	804 (-2%)	5mo	$52,000	$65	72
14611 Washburn St	0.34mi	2/1.0	790 (-4%)	10mo	$34,900	$44	69
14601 San Juan Dr	0.60mi	3/1.5 (+1)	816 (-1%)	4mo	$37,000	$45	60
14811 Northlawn St	0.38mi	3/1.0 (+1)	851 (+3%)	16mo	$79,000	$93	59
14677 Cloverlawn Ave	0.38mi	3/1.5 (+1)	900 (+9%)	1mo	$20,000	$22	59
14887 Mendota St	0.61mi	3/1.0 (+1)	803 (-3%)	20mo	$25,000	$31	46
14668 Greenlawn St	0.46mi	3/2.0 (+1)	870 (+6%)	22mo	$73,000	$84	42
13536 Griggs St	0.53mi	2/1.0	924 (+12%)	21mo	$63,000	$68	38
13918 Pinehurst St	0.55mi	2/1.0	713 (-14%)	17mo	$34,000	$48	38
12765 Wyoming Ave	0.71mi	3/1.0 (+1)	928 (+12%)	10mo	$35,000	$38	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 · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 3.7%
• Equity multiple: 1.15×
• Total profit: $4,171
• Equity at exit: $14,895

10-year hold

• IRR: 15.8%
• Equity multiple: 2.46×
• Total profit: $40,856
• Equity at exit: $8,638

Cash invested: $27,972 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,103 high
• Mortgage (P&I): −$524
• Tax from tax record: −$42 /mo · $505/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $264

Break-even live

Break-even rent $769

Max offer price $99,900

Occupancy floor 71%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14570 Cherrylawn St Detroit, MI	3.0	1.0	840	$1,250	$1.49	12d	1	0.25mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	16d	1	0.26mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.41mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	24d	1	0.63mi
2926 Ewald Cir Detroit, MI	2.0	1.0	800	$900	$1.12	17d	1	0.64mi
2690 Ewald Cir Detroit, MI	1.0–2.0	1.0	750	$900	$1.20	24d	4	0.71mi
14950 Stoepel St Detroit, MI	2.0	1.0	600	$900	$1.50	24d	1	0.91mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	24d	1	0.98mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	43d	1	0.98mi
12728 Monica St Unit 2 Detroit, MI	1.0	1.0	620	$750	$1.21	43d	1	0.98mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	4d	1	1.00mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	4d	1	1.00mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	43d	1	1.00mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	43d	1	1.00mi
2341 Ewald Cir Unit 3 Detroit, MI	1.0	1.0	600	$900	$1.50	43d	1	1.02mi
14847 Cheyenne St Detroit, MI	3.0	2.0	849	$1,150	$1.35	17d	1	1.02mi
3808 Kendall St Unit 3 Detroit, MI	1.0	1.0	550	$700	$1.27	43d	1	1.03mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	43d	1	1.05mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	43d	1	1.05mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	43d	1	1.08mi
15839 Kentucky St Detroit, MI	2.0	1.0	800	$1,200	$1.50	17d	1	1.08mi
12663 Stoepel St Unit 1 Detroit, MI	2.0	1.0	750	$975	$1.30	17d	1	1.09mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	21d	1	1.09mi
15878 Kentucky St Detroit, MI	2.0	1.0	800	$900	$1.12	43d	1	1.12mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	43d	1	1.12mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	3d	1	1.12mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	24d	1	1.13mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	43d	1	1.13mi
3812 W Grand St Detroit, MI	2.0	1.0	1100	$1,025	$0.93	16d	1	1.13mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	43d	1	1.19mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	43d	1	1.20mi
14881 Schaefer Hwy Detroit, MI	1.0	1.0	530	$782	$1.48	2d	4	1.26mi
15738 Sorrento Ave Detroit, MI	3.0	1.0	762	$1,175	$1.54	43d	1	1.26mi
3824 Tyler St Apt 1 Detroit, MI	3.0	1.0	900	$1,523	$1.69	16d	1	1.27mi
2034 Ewald Cir Detroit, MI	2.0	1.0	1000	$995	$0.99	4d	1	1.27mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	17d	1	1.29mi
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	16d	1	1.30mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	16d	1	1.30mi
3783 Tyler St Unit Lower Detroit, MI	3.0	1.0	1000	$1,150	$1.15	43d	1	1.31mi
3266 Pasadena St Unit 3 Detroit, MI	1.0	1.0	696	$700	$1.01	43d	1	1.31mi

Listing history 23 events

1. 2026-06-18
   days on market $99,900 Active 21 DOM
2. 2026-06-17
   days on market $99,900 Active 20 DOM
3. 2026-06-15
   days on market $99,900 Active 18 DOM
4. 2026-06-13
   days on market $99,900 Active 16 DOM
5. 2026-06-13
   days on market $99,900 Active 15 DOM
6. 2026-06-09
   days on market $99,900 Active 12 DOM
7. 2026-06-08
   days on market $99,900 Active 11 DOM
8. 2026-06-07
   days on market $99,900 Active 10 DOM
9. 2026-06-04
   days on market $99,900 Active 7 DOM
10. 2026-06-03
    days on market $99,900 Active 6 DOM
11. 2026-06-02
    days on market $99,900 Active 5 DOM
12. 2026-06-01
    days on market $99,900 Active 4 DOM
13. 2026-05-31
    days on market $99,900 Active 3 DOM
14. 2026-05-28
    listed $99,900 Active 687-char remark

    Show marketing remark (687 chars)

    Nestled in the heart of Detroit, this beautifully updated 3-bedroom home is move-in ready and loaded with upgrades! Features include brand-new carpet, fresh paint throughout, new interior doors, an updated kitchen, and 2 gorgeous fully renovated bathrooms. The partially finished basement offers additional living space, tons of storage, and a newly updated laundry area with cabinetry. The curb appeal is very nice with a deck and a fenced yard. Conveniently located near major highways, universities, schools, restaurants, places of worship, and sports venues etc. . A perfect blend of comfort, style, and convenience! All data and measurements are approximate. Verify all information.

15. 2026-05-28
    listed $99,900 Active

    Show marketing remark (687 chars)

    Nestled in the heart of Detroit, this beautifully updated 3-bedroom home is move-in ready and loaded with upgrades! Features include brand-new carpet, fresh paint throughout, new interior doors, an updated kitchen, and 2 gorgeous fully renovated bathrooms. The partially finished basement offers additional living space, tons of storage, and a newly updated laundry area with cabinetry. The curb appeal is very nice with a deck and a fenced yard. Conveniently located near major highways, universities, schools, restaurants, places of worship, and sports venues etc. . A perfect blend of comfort, style, and convenience! All data and measurements are approximate. Verify all information.

16. 2025-09-04
    status Pending 335-char remark

    Show marketing remark (335 chars)

    Completely move in ready starter home! Comes with attached lot (14303 Wisconsin). Newer roof recently installed on the property. Nice covered front porch with great curb appeal. New paint in the living room and dining room. Newer wooden cabinets in the kitchen and a set of appliances included within the sale. Sold on a warranty deed!

17. 2025-08-28
    soldstatus $32,000 Closed 335-char remark

    Show marketing remark (335 chars)

    Completely move in ready starter home! Comes with attached lot (14303 Wisconsin). Newer roof recently installed on the property. Nice covered front porch with great curb appeal. New paint in the living room and dining room. Newer wooden cabinets in the kitchen and a set of appliances included within the sale. Sold on a warranty deed!

18. 2025-08-28
    soldstatus $32,000 Closed

    Show marketing remark (335 chars)

    Completely move in ready starter home! Comes with attached lot (14303 Wisconsin). Newer roof recently installed on the property. Nice covered front porch with great curb appeal. New paint in the living room and dining room. Newer wooden cabinets in the kitchen and a set of appliances included within the sale. Sold on a warranty deed!

19. 2025-08-06
    listed $38,000 Active 335-char remark

    Show marketing remark (335 chars)

    Completely move in ready starter home! Comes with attached lot (14303 Wisconsin). Newer roof recently installed on the property. Nice covered front porch with great curb appeal. New paint in the living room and dining room. Newer wooden cabinets in the kitchen and a set of appliances included within the sale. Sold on a warranty deed!

20. 2025-08-06
    listed $38,000 Active

    Show marketing remark (335 chars)

    Completely move in ready starter home! Comes with attached lot (14303 Wisconsin). Newer roof recently installed on the property. Nice covered front porch with great curb appeal. New paint in the living room and dining room. Newer wooden cabinets in the kitchen and a set of appliances included within the sale. Sold on a warranty deed!

21. 2006-08-31
    soldstatus $62,000
22. 2005-08-02
    historical
23. 2005-07-16
    listed $70,000

ⓘ 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: $505 · $42/mo
• Projected year-2 tax: $1,022 · $85/mo
• Expected delta: +$517/yr (+$43/mo · 102.4%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,236
• − Mortgage interest: −$5,596
• − Property taxes: −$505
• − Insurance: −$500
• − Repairs & maintenance: −$1,059
• − Management: −$1,059
• − Depreciation: −$2,906
• Taxable income: $1,611
• Est. tax owed @ 24.0%: −$387
• After-tax cash flow: $2,778/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

+42.7% since first listed

10 events — show timeline

• 2026-05-28 Listed $99,900 REALCOMP
• 2026-05-28 Listed $99,900 MiRealSource-MiMLS
• 2025-09-04 Pending — REALCOMP
• 2025-08-28 Sold (MLS) $32,000 MiRealSource-MiMLS
• 2025-08-28 Sold (MLS) $32,000 REALCOMP
• 2025-08-06 Listed $38,000 MiRealSource-MiMLS
• 2025-08-06 Listed $38,000 REALCOMP
• 2006-08-31 Sold (Public Records) $62,000 Public Records
• 2005-08-02 Listing Removed — REALCOMP
• 2005-07-16 Listed $70,000 REALCOMP

Property tax history

+0.1%/yr

Latest (2025): $505 · -52.6% YoY. Source: county tax records.