15067 Sumner · Detroit, MI 48239

$139,900

2 bd · 1.0 ba · 780 sqft · SingleFamily public records · 21 Days on market

Built 1930 5,663 sqft lot Est $138k · at est.

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Why this score? — see what drove the D 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 +15.3/30.0
• ARV discount +6.9/15.0
• DSCR +4.7/10.0
• Livability +3.7/5.0
• 1% rule +3.4/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1930

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Detached garage (2 car); Driveway, garage faces side
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level (ground-level entry)
• Construction: Vinyl siding; Block foundation; Asphalt roof; Green roof
• Exterior features: Porch; Fenced backyard; Corner lot; Paved road access

Interior

• Kitchen: Free-standing electric oven; Range hood
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Entrance foyer; Lighting; Porch; Back yard with fencing
• Laundry & utility: Washer; Dryer; Gas water heater; Laundry area (other)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $52 ($627/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $117k (16.1% below list).
• Recommended offer: $117k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 10.0% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: crime F, employment F.
• Redford Union Schools District No. 1 (suburban): math 8% / reading 23% proficiency, ranked #489 of 540 in MI (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Beech Elementary (math 2% / reading 17%, grade F, #1,277 of 1,397 statewide, top 93%, 453 students, 83% FRL); Hilbert Middle School (math 8% / reading 25%, grade F, #446 of 493 statewide, top 90%, 398 students, 75% FRL); Redford Union High School (math 15% / reading 34%, grade F, #476 of 713 statewide, top 67%, 736 students, 70% FRL).
• Market conditions: Rents rising (+3.2%/yr); 193 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 88% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 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 21 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 21y ago; this cycle's ask has dropped $19k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $140k implies a 603% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,400 (16.1% below list)

Questions for the listing agent

1. Built in 1930 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.84% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.60%
• DSCR: 1.07
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $138,060
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25339 Keeler	0.21mi	2/1.0	768 (-2%)	3mo	$141,000	$184	86
15404 Chelsea	0.22mi	2/1.0	750 (-4%)	10mo	$139,900	$187	75
15854 Leona Dr	0.47mi	2/1.0	768 (-2%)	5mo	$130,000	$169	71
24859 Puritan	0.72mi	2/1.0	768 (-2%)	2mo	$92,000	$120	62
15988 Norborne	0.65mi	2/1.0	750 (-4%)	9mo	$135,000	$180	56
15666 Leona Dr	0.53mi	2/1.0	720 (-8%)	9mo	$127,500	$177	55
24841 Midland	0.58mi	2/1.0	768 (-2%)	21mo	$115,000	$150	53
15853 Macarthur	0.72mi	2/1.0	833 (+7%)	10mo	$135,000	$162	46
15917 Norborne	0.61mi	2/1.0	713 (-9%)	13mo	$42,000	$59	46
15967 Leona Dr	0.52mi	3/1.0 (+1)	840 (+8%)	15mo	$150,000	$179	45
15907 Knight	0.64mi	3/1.0 (+1)	840 (+8%)	10mo	$87,500	$104	44
14137 Beech Daly Rd	0.68mi	3/1.0 (+1)	893 (+14%)	17mo	$162,500	$182	24

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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.51×
• Total profit: $-19,083
• Equity at exit: $20,860

10-year hold

• IRR: -4.3%
• Equity multiple: 0.71×
• Total profit: $-11,266
• Equity at exit: $12,096

Cash invested: $39,172 (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 48239

• Rents YoY: 3.2%
• Active inventory: 193
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,174 high
• Mortgage (P&I): −$734
• Tax from tax record: −$83 /mo · $999/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $52

Break-even live

Break-even rent $1,108

Max offer price $139,900

Occupancy floor 91%

Sensitivity live

Price	-10% $131	-5% $92	+0% $52	+5% $13	+10% $-27
Rent	-10% $-40	-5% $6	+0% $52	+5% $99	+10% $145
Rate	-1.0pp $123	-0.5pp $88	base $52	+0.5pp $16	+1.0pp $-21

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15195 Aubrey Redford, MI	3.0	1.0	769	$1,395	$1.81	18d	1	0.10mi
15490 Dixie Redford, MI	3.0	1.0	912	$1,600	$1.75	6d	1	0.59mi
23740 Fenkell Ave Detroit, MI	1.0	1.0	675	$850	$1.26	0d	1	1.02mi
16207 Woodbine St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	6d	1	1.06mi
14310 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.08mi
14292 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.09mi
14304 Riverview St Detroit, MI	2.0	1.0	900	$930	$1.03	45d	1	1.09mi
14288 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.09mi
14306 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.09mi
14302 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.09mi
14290 Riverview St Unit 106 Detroit, MI	1.0	1.0	550	$695	$1.26	45d	1	1.09mi
14296 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.09mi
14290 Riverview St Unit 208 Detroit, MI	1.0	1.0	550	$845	$1.54	45d	1	1.09mi
14300 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.09mi
14298 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.09mi
14294 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.09mi
14286 Riverview St Unit HF Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.09mi
14308 Riverview St Detroit, MI	2.0	1.0	900	$895	$0.99	45d	1	1.09mi
14277 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.10mi
14271 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.10mi
14283 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.11mi
16581 Wormer St Detroit, MI	2.0	1.0	720	$1,100	$1.53	45d	1	1.11mi
14284 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.11mi
14282 Riverview St Detroit, MI	2.0	1.0	900	$800	$0.89	45d	1	1.11mi
23818 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	45d	1	1.11mi
14838 Riverview St Unit 110 Detroit, MI	1.0	1.0	550	$845	$1.54	45d	1	1.11mi
14280 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.11mi
14289 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.11mi
14262 Dale St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.11mi
14287 Riverview St Detroit, MI	2.0	1.0	900	$800	$0.89	45d	1	1.11mi
14264 Dale St Detroit, MI	2.0	1.0	900	$1,050	$1.17	45d	1	1.11mi
14285 Riverview St Detroit, MI	2.0	1.0	900	$800	$0.89	45d	1	1.11mi
14293 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.11mi
14252 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.11mi
14291 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	45d	1	1.11mi
14250 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.12mi
16131 Dale St Detroit, MI	3.0	1.0	1100	$1,500	$1.36	19d	1	1.12mi
14278 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.12mi
14274 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.12mi
14270 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	45d	1	1.12mi

Listing history 48 events

1. 2026-06-21
   days on market $139,900 Active 21 DOM
2. 2026-06-18
   days on market $139,900 Active 18 DOM
3. 2026-06-17
   days on market $139,900 Active 17 DOM
4. 2026-06-16
   days on market $139,900 Active 16 DOM
5. 2026-06-15
   days on market $139,900 Active 15 DOM
6. 2026-06-13
   days on market $139,900 Active 13 DOM
7. 2026-06-13
   remarks 533-char remark
8. 2026-06-13
   pricedays on market $139,900 Active 12 DOM
9. 2026-06-09
   days on market $145,900 Active 9 DOM
10. 2026-06-08
    days on market $145,900 Active 8 DOM
11. 2026-06-07
    days on market $145,900 Active 7 DOM
12. 2026-06-04
    pricedays on market $145,900 Active 4 DOM
13. 2026-06-03
    days on market $149,900 Active 3 DOM
14. 2026-06-02
    days on market $149,900 Active 2 DOM
15. 2026-06-01
    statusdays on marketlisting id $149,900 Active 1 DOM
16. 2026-05-31
    days on market $149,900 Coming Soon 2 DOM
17. 2026-05-13
    price $149,900 690-char remark

    Show marketing remark (690 chars)

    GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

18. 2026-05-12
    price $149,900
19. 2026-04-07
    price $150,000 690-char remark

    Show marketing remark (690 chars)

    GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

20. 2026-04-06
    price $150,000
21. 2026-01-08
    price $155,000 690-char remark

    Show marketing remark (690 chars)

    GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

22. 2026-01-07
    price $155,000
23. 2025-12-05
    listed $159,000 Active

    Show marketing remark (690 chars)

    GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

24. 2025-12-05
    listed $159,000 Active 690-char remark

    Show marketing remark (690 chars)

    GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

25. 2025-12-05
    historical

    Show marketing remark (690 chars)

    GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

26. 2025-12-05
    historical

    Show marketing remark (690 chars)

    GREAT FIRST TIME BUYER HOME """"SELLER WILL LOOKAT ALL OFFERS""" " "SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRSE, "" "MAINTENACE FREE EXTERIOR. NEWER ROOF, HARDWOOD FLOORS THRU OUT, FRESHLY PAINTED, 2 BEDROOMS , CERAMIC BATH, FORMAL DINING ROOM WITH BAY WINDOW, OPEN LARGE LIVING ROOM, FULL BASEMENTWITH 2 EXTRA ROOMS, FRESHLY PAINTED , LARGE FENCED LOT, 2 CAR DETACHED GARAGE, CEMENT PAD IN FRONT OF GARAGE FOR EXTRA PARKING . CORNER LOT , CLOSE TO SHOPPING AND MAIN HIGHWAYS, AGENT TO BE PRESENT FOR ALL SHOWINGS AND INSPECTIONS NO EXCEPTIONS SELLER WILL LOOKAT ALL OFFERS SELLER WILL GIVE CASH/CREDIT TOWARDS SOME REPAIRS

27. 2025-10-22
    price $179,000
28. 2025-10-21
    price $179,000
29. 2025-09-25
    listed $189,900 Active
30. 2025-09-25
    listed $189,900 Active
31. 2025-09-18
    historical
32. 2013-02-05
    soldstatus $19,900
33. 2013-02-05
    soldstatus $19,900
34. 2013-01-21
    historical
35. 2013-01-21
    historical
36. 2012-12-04
    listed $19,900
37. 2012-12-04
    listed $19,900
38. 2012-08-01
    historical
39. 2012-06-19
    historical
40. 2011-12-05
    listed $16,000
41. 2011-12-05
    listed $16,000
42. 2005-08-24
    historical
43. 2005-08-24
    historical
44. 2005-05-26
    listed $93,900
45. 2005-05-26
    listed $93,900
46. 2003-06-16
    soldstatus $72,000
47. 2003-02-04
    soldstatus $60,000
48. 2002-05-02
    soldstatus $26,664

ⓘ 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: $999 · $83/mo
• Projected year-2 tax: $1,577 · $131/mo
• Expected delta: +$578/yr (+$48/mo · 57.8%)

ⓘ 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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,088
• − Mortgage interest: −$7,837
• − Property taxes: −$999
• − Insurance: −$700
• − Repairs & maintenance: −$1,127
• − Management: −$1,127
• − Depreciation: −$4,070
• Taxable loss: −$1,771
• Est. tax savings @ 24.0%: +$425
• After-tax cash flow: $1,052/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: Redford Union Schools District No. 1
• NCES district ID: 2629460
• Math proficiency: 8% ▼ -6.00%
• Reading proficiency: 23% ▬ 0.00%
• Median HH income: $49,778
• Composite: 14.1/100
• National rank: #9460
• State rank: #489 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

• County: Wayne County · 1,562,939 people
• City population: 572,865
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 36,976
• Household income: $71,151
• Rent vs Own: 21.1% rent · 78.9% own
• Severe rent burden: 1052.0

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: Majority Black (58%)
• Race & ethnicity: Black 58% White 34% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Romanian 7% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% Other Indo-European 1% Arabic 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: ▼ -202.97%
• Current HPI: 236.1136
• Rent YoY: ▲ 3.25%
• 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

+462.2% since first listed

32 events — show timeline

• 2026-05-13 Price Changed $149,900 MiRealSource-MiMLS
• 2026-05-12 Price Changed $149,900 REALCOMP
• 2026-04-07 Price Changed $150,000 MiRealSource-MiMLS
• 2026-04-06 Price Changed $150,000 REALCOMP
• 2026-01-08 Price Changed $155,000 MiRealSource-MiMLS
• 2026-01-07 Price Changed $155,000 REALCOMP
• 2025-12-05 Listed $159,000 REALCOMP
• 2025-12-05 Listing Removed — MiRealSource-MiMLS
• 2025-12-05 Listing Removed — REALCOMP
• 2025-12-05 Listed $159,000 MiRealSource-MiMLS
• 2025-10-22 Price Changed $179,000 MiRealSource-MiMLS
• 2025-10-21 Price Changed $179,000 REALCOMP
• 2025-09-25 Listed $189,900 MiRealSource-MiMLS
• 2025-09-25 Listed $189,900 REALCOMP
• 2025-09-18 Coming Soon — MiRealSource-MiMLS
• 2013-02-05 Sold (MLS) $19,900 MiRealSource-MiMLS
• 2013-02-05 Sold (MLS) $19,900 REALCOMP
• 2013-01-21 Listing Removed — MiRealSource-MiMLS
• 2013-01-21 Listing Removed — REALCOMP
• 2012-12-04 Listed $19,900 MiRealSource-MiMLS
• 2012-12-04 Listed $19,900 REALCOMP
• 2012-08-01 Listing Removed — MiRealSource-MiMLS
• 2012-06-19 Listing Removed — REALCOMP
• 2011-12-05 Listed $16,000 REALCOMP
• 2011-12-05 Listed $16,000 MiRealSource-MiMLS
• 2005-08-24 Listing Removed — REALCOMP
• 2005-08-24 Listing Removed — MiRealSource-MiMLS
• 2005-05-26 Listed $93,900 REALCOMP
• 2005-05-26 Listed $93,900 MiRealSource-MiMLS
• 2003-06-16 Sold (Public Records) $72,000 Public Records
• 2003-02-04 Sold (Public Records) $60,000 Public Records
• 2002-05-02 Sold (Public Records) $26,664 Public Records

Property tax history

-2.9%/yr

Latest (2025): $999 · -59.1% YoY. Source: county tax records.