20300 Bloom St · Detroit, MI 48234

$74,900

3 bd · 1.0 ba · 998 sqft · SingleFamily public records · 75 Days on market

Built 1939 3,920 sqft lot $75/sqft · 17% below area Est $90k · 17% under

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Why this score? — see what drove the B+ 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully updated bungalow in Detroit! This charming home features 3 bedrooms, 1 full bath, and nearly 1,000 square feet of well-designed living space. Major updates have already been completed, offering peace of mind and low maintenance for the next owner. Whether you're looking to expand your investment portfolio or secure a move-in-ready property, this home presents a fantastic opportunity with immediate potential.

Key facts

• 3,920 sq ft lot
• Built 1939
• Listed 74 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $496 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.2% vs local median 10.1% 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 (+6.7%/yr); 227 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• At $1,346/mo this rent would consume 46% of the median local household income ($35k/yr) (locally 2372% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 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 + 6.7% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 3y 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 $18k; list at $75k implies a 316% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.80% ✓
• Cap rate: 14.24%
• Cash-on-cash: 28.38%
• DSCR: 2.26
• GRM: 4.6

CMA / ARV

• ARV (median comp): $90,076
• List price: $74,900
• Delta: -16.85%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20059 Bloom St	0.17mi	3/1.0	911 (-9%)	4mo	$90,000	$99	74
19608 Buffalo St	0.51mi	3/1.0	1,014 (+2%)	1mo	$68,000	$67	73
3191 E Outer Dr	0.33mi	3/1.5	1,072 (+7%)	6mo	$79,500	$74	65
19672 Justine St	0.66mi	3/1.0	1,050 (+5%)	2mo	$47,500	$45	59
19416 Lamont St	0.63mi	3/1.5	1,065 (+7%)	1mo	$9,000	$8	57
19437 Conley St	0.58mi	3/1.0	912 (-9%)	4mo	$28,500	$31	55
19451 Conley St	0.57mi	3/1.0	900 (-10%)	3mo	$54,000	$60	55
19610 Conley St	0.53mi	3/1.0	1,120 (+12%)	0mo	$80,000	$71	54
21410 Panama St	0.49mi	2/1.0 (-1)	900 (-10%)	4mo	$72,000	$80	52
20811 Sunset Ave	0.68mi	3/1.0	1,090 (+9%)	3mo	$122,000	$112	51
19442 Moenart St	0.54mi	3/1.5	1,145 (+15%)	2mo	$74,999	$66	46
19366 Fenelon St	0.66mi	3/1.5	1,108 (+11%)	4mo	$70,000	$63	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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 27.0%
• Equity multiple: 2.18×
• Total profit: $24,732
• Equity at exit: $11,168

10-year hold

• IRR: 36.8%
• Equity multiple: 5.08×
• Total profit: $85,576
• Equity at exit: $6,476

Cash invested: $20,972 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 227
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,346 high
• Mortgage (P&I): −$393
• Tax from tax record: −$143 /mo · $1,719/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $496

Break-even live

Break-even rent $718

Max offer price $74,900

Occupancy floor 58%

Sensitivity live

Price	-10% $538	-5% $517	+0% $496	+5% $475	+10% $454
Rent	-10% $390	-5% $443	+0% $496	+5% $549	+10% $602
Rate	-1.0pp $534	-0.5pp $515	base $496	+0.5pp $477	+1.0pp $457

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	18d	1	0.08mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	45d	1	0.31mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	25d	1	0.47mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	45d	1	0.53mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	6d	1	0.60mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	25d	1	0.64mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	25d	1	0.64mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	5d	1	0.71mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	45d	1	0.82mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	18d	1	0.86mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	45d	1	0.91mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	23d	1	0.91mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	18d	1	0.91mi
7033 Westminster Ave Warren, MI	2.0	1.0	561	$1,050	$1.87	45d	1	1.00mi
22622 Panama Ave Warren, MI	3.0	1.5	920	$1,395	$1.52	12d	1	1.01mi
7060 Victory Ave Warren, MI	3.0	1.0	945	$1,450	$1.53	12d	1	1.04mi
7043 Meadow Ave Warren, MI	2.0	1.0	911	$1,274	$1.40	45d	1	1.07mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	6d	1	1.09mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	6d	1	1.10mi
22580 Masch Ave Warren, MI	3.0	1.0	988	$1,450	$1.47	25d	1	1.10mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	25d	1	1.17mi
7605 Jackson Ave Warren, MI	2.0	1.0	600	$1,165	$1.94	25d	1	1.19mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	16d	1	1.19mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	19d	1	1.22mi
7511 Toepfer Rd Warren, MI	3.0	1.0	1032	$1,199	$1.16	23d	1	1.24mi
7275 Chalmers Ave Warren, MI	2.0	1.0	703	$1,200	$1.71	25d	1	1.25mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	1.28mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	18d	1	1.30mi
8065 Meadow Ave Warren, MI	2.0	1.0	800	$1,050	$1.31	25d	1	1.37mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	45d	1	1.43mi
8162 Orchard Ave Warren, MI	2.0	1.0	900	$1,000	$1.11	45d	1	1.46mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	25d	1	1.46mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	25d	1	1.46mi

Listing history 49 events

1. 2026-06-21
   days on market $74,900 Active 75 DOM
2. 2026-06-18
   days on market $74,900 Active 72 DOM
3. 2026-06-17
   days on market $74,900 Active 71 DOM
4. 2026-06-15
   days on market $74,900 Active 69 DOM
5. 2026-06-13
   days on market $74,900 Active 67 DOM
6. 2026-06-13
   days on market $74,900 Active 66 DOM
7. 2026-06-09
   days on market $74,900 Active 63 DOM
8. 2026-06-08
   days on market $74,900 Active 62 DOM
9. 2026-06-07
   days on market $74,900 Active 61 DOM
10. 2026-06-04
    days on market $74,900 Active 58 DOM
11. 2026-06-03
    days on market $74,900 Active 57 DOM
12. 2026-06-02
    days on market $74,900 Active 56 DOM
13. 2026-06-01
    days on market $74,900 Active 55 DOM
14. 2026-05-31
    days on market $74,900 Active 54 DOM
15. 2026-04-07
    listed $74,900 Active 423-char remark

    Show marketing remark (423 chars)

    Beautifully updated bungalow in Detroit! This charming home features 3 bedrooms, 1 full bath, and nearly 1,000 square feet of well-designed living space. Major updates have already been completed, offering peace of mind and low maintenance for the next owner. Whether you're looking to expand your investment portfolio or secure a move-in-ready property, this home presents a fantastic opportunity with immediate potential.

16. 2026-04-07
    listed $74,900 Active 423-char remark

    Show marketing remark (423 chars)

    Beautifully updated bungalow in Detroit! This charming home features 3 bedrooms, 1 full bath, and nearly 1,000 square feet of well-designed living space. Major updates have already been completed, offering peace of mind and low maintenance for the next owner. Whether you're looking to expand your investment portfolio or secure a move-in-ready property, this home presents a fantastic opportunity with immediate potential.

17. 2026-04-07
    historical

    Show marketing remark (423 chars)

    Beautifully updated bungalow in Detroit! This charming home features 3 bedrooms, 1 full bath, and nearly 1,000 square feet of well-designed living space. Major updates have already been completed, offering peace of mind and low maintenance for the next owner. Whether you're looking to expand your investment portfolio or secure a move-in-ready property, this home presents a fantastic opportunity with immediate potential.

18. 2026-04-07
    historical

    Show marketing remark (423 chars)

    Beautifully updated bungalow in Detroit! This charming home features 3 bedrooms, 1 full bath, and nearly 1,000 square feet of well-designed living space. Major updates have already been completed, offering peace of mind and low maintenance for the next owner. Whether you're looking to expand your investment portfolio or secure a move-in-ready property, this home presents a fantastic opportunity with immediate potential.

19. 2026-03-02
    listed $84,900 Active
20. 2026-03-02
    listed $84,900 Active
21. 2024-07-09
    historical $1,200
22. 2024-06-18
    listed $1,200
23. 2024-06-05
    historical $1,200
24. 2024-05-23
    price $1,200
25. 2024-05-19
    listed $1,300
26. 2024-03-01
    historical
27. 2024-02-29
    historical
28. 2024-01-04
    status Active
29. 2024-01-04
    status Active
30. 2024-01-01
    historical
31. 2024-01-01
    historical
32. 2023-12-28
    price $45,000
33. 2023-12-27
    price $45,000
34. 2023-12-10
    price $50,000
35. 2023-12-10
    price $50,000
36. 2023-11-20
    listed $65,000 Active
37. 2023-11-20
    listed $65,000 Active
38. 2023-07-31
    soldstatus $18,000 Sold
39. 2023-07-31
    soldstatus $18,000 Closed
40. 2023-06-16
    status Pending
41. 2023-06-16
    status Pending
42. 2023-06-12
    price $18,000
43. 2023-06-12
    price $18,000
44. 2023-05-19
    price $27,900
45. 2023-05-19
    price $27,900
46. 2023-05-18
    status Active
47. 2023-05-14
    listed $39,000 Active
48. 2023-04-20
    historical
49. 2023-04-20
    listed $39,000 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: $1,719 · $143/mo
• Projected year-2 tax: $1,719 · $143/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 3/10 Moderate FEMA zone X (unshaded) · 17% 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: $16,152
• − Mortgage interest: −$4,196
• − Property taxes: −$1,719
• − Insurance: −$374
• − Repairs & maintenance: −$1,292
• − Management: −$1,292
• − Depreciation: −$2,179
• Taxable income: $5,099
• Est. tax owed @ 24.0%: −$1,224
• After-tax cash flow: $4,729/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+92.1% since first listed

35 events — show timeline

• 2026-04-07 Listed $74,900 REALCOMP
• 2026-04-07 Listing Removed — MiRealSource-MiMLS
• 2026-04-07 Listing Removed — REALCOMP
• 2026-04-07 Listed $74,900 MiRealSource-MiMLS
• 2026-03-02 Listed $84,900 REALCOMP
• 2026-03-02 Listed $84,900 MiRealSource-MiMLS
• 2024-07-09 Rental Removed $1,200 TURBOTENANT
• 2024-06-18 Listed for Rent $1,200 TURBOTENANT
• 2024-06-05 Rental Removed $1,200 TURBOTENANT
• 2024-05-23 Price Changed $1,200 TURBOTENANT
• 2024-05-19 Listed for Rent $1,300 TURBOTENANT
• 2024-03-01 Listing Removed — MiRealSource-MiMLS
• 2024-02-29 Listing Removed — REALCOMP
• 2024-01-04 Relisted — MiRealSource-MiMLS
• 2024-01-04 Relisted — REALCOMP
• 2024-01-01 Listing Removed — MiRealSource-MiMLS
• 2024-01-01 Listing Removed — REALCOMP
• 2023-12-28 Price Changed $45,000 MiRealSource-MiMLS
• 2023-12-27 Price Changed $45,000 REALCOMP
• 2023-12-10 Price Changed $50,000 MiRealSource-MiMLS
• 2023-12-10 Price Changed $50,000 REALCOMP
• 2023-11-20 Listed $65,000 MiRealSource-MiMLS
• 2023-11-20 Listed $65,000 REALCOMP
• 2023-07-31 Sold (MLS) $18,000 MiRealSource-MiMLS
• 2023-07-31 Sold (MLS) $18,000 REALCOMP
• 2023-06-16 Pending — MiRealSource-MiMLS
• 2023-06-16 Pending — REALCOMP
• 2023-06-12 Price Changed $18,000 MiRealSource-MiMLS
• 2023-06-12 Price Changed $18,000 REALCOMP
• 2023-05-19 Price Changed $27,900 MiRealSource-MiMLS
• 2023-05-19 Price Changed $27,900 REALCOMP
• 2023-05-18 Relisted — REALCOMP
• 2023-05-14 Listed $39,000 MiRealSource-MiMLS
• 2023-04-20 Listing Removed — REALCOMP
• 2023-04-20 Listed $39,000 REALCOMP

Property tax history

+6.4%/yr

Latest (2025): $1,719 · -4.4% YoY. Source: county tax records.