CashFlowRE
Sign in Sign up
16560 Ward Ave 🏷️ Likely Rental
B- Composite 68.27
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
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • ARV discount +7.5/15.0
  • Livability +3.7/5.0
  • Rent growth +3.3/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$40,000

16560 Ward Ave · Detroit, MI 48235
3 bd · 1.0 ba · 1,432 sqft · SingleFamily public records · 123 Days on market
Built 1929 4,356 sqft lot $28/sqft · 56% below area

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements tomaximize its potential. Once completed, the property is well-suited to attract qualified buyers or tenants seeking updated housing in a revitalizing area. Property is being sold as-is.

Key facts

  • Marketable layout
  • Functional layout
  • Mechanical updates

Tags

FUNCTIONAL LAYOUTMARKETABLE LAYOUTMECHANICAL UPDATESEXTERIOR IMPROVEMENTS

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $40,000 price doesn't fit this home's estimated sale value (~$90,848) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

  • At list price, monthly cash flow is $700 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $40k).
  • Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
  • Cap rate 27.3% 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 (+3.2%/yr); 283 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); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • This rent runs 41% 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 $277 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 + 3.2% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 123 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
  • 10 sale attempts since 11y 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: property tax is 4.3% of price; built in 1929 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $35,200 (12.0% below list)

Questions for the listing agent

  1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1929 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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.
  9. 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.
  10. 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
3.38%
Cap rate
27.29%
Cash-on-cash
74.98%
DSCR
4.34
GRM
2.5

CMA / ARV

ARV (median comp)
$90,848
List price
$40,000
Delta
-55.97%
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
16516 Appoline St 0.16mi 3/1.0 1,350 (-6%) 1mo $39,500 $29 82
15841 Steel St 0.32mi 3/1.0 1,460 (+2%) 1mo $50,000 $34 81
16811 Manor St 0.27mi 3/1.5 1,516 (+6%) 1mo $71,000 $47 75
17161 Ward Ave 0.34mi 3/1.5 1,377 (-4%) 2mo $194,500 $141 74
16631 Sorrento St 0.07mi 4/2.0 (+1) 1,537 (+7%) 3mo $154,400 $100 73
18011 Appoline St W 0.67mi 3/1.5 1,440 (+1%) 3mo $170,000 $118 64
16562 Tracey St 0.34mi 3/1.0 1,244 (-13%) 2mo $60,000 $48 60
16176 Tracey St 0.37mi 3/2.0 1,270 (-11%) 0mo $70,000 $55 60
15771 Birwood St 0.62mi 3/1.5 1,290 (-10%) 0mo $128,995 $100 52
16800 Ilene St 0.61mi 3/2.5 1,298 (-9%) 1mo $210,000 $162 49
17621 Meyers Rd 0.66mi 2/2.0 (-1) 1,264 (-12%) 0mo $40,000 $32 41
17190 Washburn St 0.75mi 4/1.0 (+1) 1,581 (+10%) 3mo $65,250 $41 41

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
75.2%
Equity multiple
4.44×
Total profit
$38,508
Equity at exit
$5,964
10-year hold
IRR
79.0%
Equity multiple
9.27×
Total profit
$92,647
Equity at exit
$3,458

Cash invested: $11,200 (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.

ZIP-level market 48235

Rents YoY
3.2%
Active inventory
283
Price-to-rent
2.5×

Monthly cashflow live

Estimated rent
$1,353 high interval (Pro) →
Mortgage (P&I)
$210
Tax from tax record
$143 /mo · $1,713/yr
Insurance
$17
HOA
$0
Vacancy / Maint / Mgmt
$284
Net cashflow
$700

Break-even live

Break-even rent $467
Max offer price $40,000
Occupancy floor 43%

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
$10,000
Closing costs
$1,200
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
16230 Cheyenne St Detroit, MI 3.0 1.0 1653 $1,450 $0.88 43d 1 0.13mi
16204 Steel St Detroit, MI 3.0 1.0 969 $1,150 $1.19 43d 1 0.18mi
16505 Stansbury St Detroit, MI 3.0 1.0 1100 $1,250 $1.14 10d 1 0.47mi
16505 Stansbury St Detroit, MI 3.0 1.0 1700 $1,345 $0.79 43d 1 0.47mi
15760 Monte Vista St Detroit, MI 2.0 1.0 1080 $1,250 $1.16 43d 1 0.54mi
15517 Lesure St Unit BDRM1A Detroit, MI 2.0 1.0 1000 $850 $0.85 24d 1 0.65mi
16934 Ilene St Detroit, MI 3.0 1.5 1516 $1,400 $0.92 19d 1 0.65mi
15388 Appoline St #203 Detroit, MI 2.0 1.0 900 $850 $0.94 43d 1 0.66mi
16889 Washburn St Detroit, MI 3.0 1.5 1300 $1,100 $0.85 17d 1 0.66mi
17540 Pinehurst St Detroit, MI 3.0 1.0 1200 $1,395 $1.16 43d 1 0.67mi
15512 Mendota St Apt 2 Detroit, MI 2.0 1.0 1000 $1,200 $1.20 43d 1 0.67mi
15512 Mendota St Detroit, MI 2.0 1.0 931 $1,200 $1.29 4d 1 0.67mi
15708 Birwood St Detroit, MI 3.0 1.0 1255 $1,100 $0.88 4d 1 0.70mi
15340 Hartwell St Detroit, MI 2.0 1.0 900 $1,300 $1.44 16d 1 0.73mi
18010 Lesure St Detroit, MI 3.0 1.0 1010 $1,550 $1.53 24d 1 0.76mi
15387 Lesure St Detroit, MI 3.0 1.0 1064 $1,350 $1.27 12d 1 0.76mi
15762 Mark Twain St Detroit, MI 3.0 2.0 1430 $1,250 $0.87 16d 1 0.77mi
15765 Washburn St Detroit, MI 2.0 1.0 1093 $950 $0.87 43d 1 0.78mi
15088 Littlefield St Detroit, MI 2.0 1.0 1294 $1,275 $0.99 21d 1 0.81mi
16230 Indiana St Unit 2 Detroit, MI 2.0 1.0 1050 $1,200 $1.14 17d 1 0.84mi
16183 Wisconsin St Detroit, MI 3.0 1.5 1370 $1,400 $1.02 43d 1 0.88mi
16546 Wisconsin St Detroit, MI 3.0 1.0 1577 $1,500 $0.95 43d 1 0.89mi
15777 Wisconsin St Unit 77 Detroit, MI 2.0 1.0 900 $950 $1.06 4d 1 0.96mi
16151 Robson St Detroit, MI 3.0 1.0 1300 $1,525 $1.17 14d 1 1.01mi
14891 Hartwell St Detroit, MI 3.0 1.0 1000 $1,150 $1.15 43d 1 1.01mi
15810 Robson St Detroit, MI 3.0 1.0 1142 $1,500 $1.31 24d 1 1.03mi
14903 Tracey St Detroit, MI 3.0 1.0 1004 $1,100 $1.10 16d 1 1.03mi
18512 Schaefer Hwy Detroit, MI 2.0 1.0 962 $1,200 $1.25 24d 1 1.04mi
15791 Cherrylawn St Detroit, MI 2.0 1.0 1792 $1,100 $0.61 43d 1 1.05mi
18257 Mark Twain St Detroit, MI 3.0 1.0 1185 $1,507 $1.27 16d 1 1.06mi
14881 Mendota St Detroit, MI 3.0 1.0 1026 $1,100 $1.07 24d 1 1.07mi
17159 Northlawn St Unit 17161 Detroit, MI 2.0 1.0 1122 $975 $0.87 4d 1 1.08mi
17195 Northlawn St #1 Detroit, MI 2.0 1.0 1200 $1,100 $0.92 19d 1 1.09mi
17195 Northlawn St #2 Detroit, MI 2.0 1.0 1200 $1,050 $0.88 24d 1 1.09mi
18675 Meyers Rd Unit 18677 Detroit, MI 2.0 1.0 942 $1,100 $1.17 43d 1 1.10mi
15341 Lauder St Detroit, MI 4.0 1.5 1080 $1,475 $1.37 16d 1 1.16mi
15457 Cloverlawn St Detroit, MI 3.0 2.0 1500 $1,275 $0.85 24d 1 1.21mi
15468 Sussex St #2 Detroit, MI 2.0 1.0 900 $1,250 $1.39 43d 1 1.22mi
15328 Coyle St Detroit, MI 3.0 1.0 1000 $1,450 $1.45 17d 1 1.24mi
15330 Coyle St Unit 2 Detroit, MI 3.0 1.0 1000 $1,450 $1.45 24d 1 1.24mi

Listing history 33 events

  1. 2026-06-18
    days on market $40,000 Active 123 DOM
  2. 2026-06-17
    days on market $40,000 Active 122 DOM
  3. 2026-06-15
    days on market $40,000 Active 120 DOM
  4. 2026-06-13
    days on market $40,000 Active 118 DOM
  5. 2026-06-13
    days on market $40,000 Active 117 DOM
  6. 2026-06-09
    days on market $40,000 Active 114 DOM
  7. 2026-06-08
    days on market $40,000 Active 113 DOM
  8. 2026-06-07
    days on market $40,000 Active 112 DOM
  9. 2026-06-04
    days on market $40,000 Active 109 DOM
  10. 2026-06-03
    days on market $40,000 Active 108 DOM
  11. 2026-06-01
    days on market $40,000 Active 106 DOM
  12. 2026-05-31
    days on market $40,000 Active 105 DOM
  13. 2026-02-20
    status Active 1171-char remark
    Show marketing remark (987 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements to

  14. 2026-02-20
    status Active 987-char remark
    Show marketing remark (987 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements to

  15. 2026-02-20
    status Active
    Show marketing remark (987 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements to

  16. 2026-01-21
    status Pending 987-char remark
    Show marketing remark (1171 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements tomaximize its potential. Once completed, the property is well-suited to attract qualified buyers or tenants seeking updated housing in a revitalizing area. Property is being sold as-is.

  17. 2026-01-21
    status Pending 1171-char remark
    Show marketing remark (1171 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements tomaximize its potential. Once completed, the property is well-suited to attract qualified buyers or tenants seeking updated housing in a revitalizing area. Property is being sold as-is.

  18. 2026-01-21
    status Pending
    Show marketing remark (1171 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements tomaximize its potential. Once completed, the property is well-suited to attract qualified buyers or tenants seeking updated housing in a revitalizing area. Property is being sold as-is.

  19. 2026-01-16
    listed $40,000 Active 1171-char remark
    Show marketing remark (987 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements to

  20. 2026-01-16
    listed $40,000 Active 987-char remark
    Show marketing remark (987 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements to

  21. 2026-01-16
    listed $40,000 Active
    Show marketing remark (987 chars)

    This two-story single-family home offers renovation potential in an established Detroit neighborhood. The property features three bedrooms and one bathroom and has already undergone full interior demolition down to the studs, providing a clean slate for investors to complete a comprehensive renovation with clarity and efficiency. With framing exposed, the uncertainty of hidden issues is significantly reduced, allowing for a more predictable rehab process and streamlined execution. The existing footprint supports a functional and marketable layout suitable for modern finishes and updated systems. The square footage and two-story design allow flexibility to create comfortable living spaces that align with current buyer and tenant expectations. This property presents a strong opportunity for investors pursuing either a resale or long-term rental strategy. The home is positioned for a full renovation including interior finishes, mechanical updates, and exterior improvements to

  22. 2024-09-30
    historical
  23. 2024-09-30
    historical
  24. 2024-08-22
    price $37,900
  25. 2024-08-22
    price $37,900
  26. 2024-07-20
    price $38,900
  27. 2024-07-20
    price $38,900
  28. 2024-05-30
    listed $39,900 Active
  29. 2024-05-30
    listed $39,900 Active
  30. 2015-06-10
    historical
  31. 2015-06-09
    historical
  32. 2015-05-27
    listed $250 Active
  33. 2015-05-27
    listed $250

ⓘ 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
$1,713 · $143/mo
Projected year-2 tax
$1,713 · $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 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$16,238
− Mortgage interest
−$2,241
− Property taxes
−$1,713
− Insurance
−$200
− Repairs & maintenance
−$1,299
− Management
−$1,299
− Depreciation
−$1,164
Taxable income
$8,323
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,997
After-tax cash flow
$6,400/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)
45,600
Household income
$39,265
Rent vs Own
46.5% rent · 53.5% own
Severe rent burden
3064.0

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 2% Hispanic / Latino 1%
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
▼ -153.02%
Current HPI
263.6326
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

Price history

+0.3% since first listed
21 events — show timeline
  • 2026-02-20 Relisted REALCOMP
  • 2026-02-20 Relisted MiRealSource-MiMLS
  • 2026-02-20 Relisted SW Michigan MLS
  • 2026-01-21 Pending MiRealSource-MiMLS
  • 2026-01-21 Pending REALCOMP
  • 2026-01-21 Pending SW Michigan MLS
  • 2026-01-16 Listed $40,000 REALCOMP
  • 2026-01-16 Listed $40,000 SW Michigan MLS
  • 2026-01-16 Listed $40,000 MiRealSource-MiMLS
  • 2024-09-30 Listing Removed MiRealSource-MiMLS
  • 2024-09-30 Listing Removed REALCOMP
  • 2024-08-22 Price Changed $37,900 MiRealSource-MiMLS
  • 2024-08-22 Price Changed $37,900 REALCOMP
  • 2024-07-20 Price Changed $38,900 MiRealSource-MiMLS
  • 2024-07-20 Price Changed $38,900 REALCOMP
  • 2024-05-30 Listed $39,900 MiRealSource-MiMLS
  • 2024-05-30 Listed $39,900 REALCOMP
  • 2015-06-10 Listing Removed REALCOMP
  • 2015-06-09 Listing Removed MiRealSource-MiMLS
  • 2015-05-27 Listed $250 REALCOMP
  • 2015-05-27 Listed $250 MiRealSource-MiMLS

Property tax history

+2.7%/yr

Latest (2025): $1,713 · -54.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…