🏷️ Likely Rental
16560 Ward Ave · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- 75.2%
- Equity multiple
- 4.44×
- Total profit
- $38,508
- Equity at exit
- $5,964
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-18days on market $40,000 Active 123 DOM
-
2026-06-17days on market $40,000 Active 122 DOM
-
2026-06-15days on market $40,000 Active 120 DOM
-
2026-06-13days on market $40,000 Active 118 DOM
-
2026-06-13days on market $40,000 Active 117 DOM
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2026-06-09days on market $40,000 Active 114 DOM
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2026-06-08days on market $40,000 Active 113 DOM
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2026-06-07days on market $40,000 Active 112 DOM
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2026-06-04days on market $40,000 Active 109 DOM
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2026-06-03days on market $40,000 Active 108 DOM
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2026-06-01days on market $40,000 Active 106 DOM
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2026-05-31days on market $40,000 Active 105 DOM
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2026-02-20status 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
-
2026-02-20status 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
-
2026-02-20status 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
-
2026-01-21status 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.
-
2026-01-21status 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.
-
2026-01-21status 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.
-
2026-01-16$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
-
2026-01-16$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
-
2026-01-16$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
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2024-09-30historical
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2024-09-30historical
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2024-08-22price $37,900
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2024-08-22price $37,900
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2024-07-20price $38,900
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2024-07-20price $38,900
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2024-05-30$39,900 Active
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2024-05-30$39,900 Active
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2015-06-10historical
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2015-06-09historical
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2015-05-27$250 Active
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2015-05-27$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
- 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
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
- 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 |
|---|---|---|
| Automotive Parts | 3 | $48B |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+0.3% since first listed21 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%/yrLatest (2025): $1,713 · -54.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…