12081 Stout St · Detroit, MI 48228

$64,900

3 bd · 1.0 ba · 846 sqft · SingleFamily public records · 291 Days on market

Built 1946 5,227 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 1946

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $480 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.2% 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 soft (-2.3%/yr); 363 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,206/mo this rent would consume 47% of the median local household income ($31k/yr) (locally 4144% 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 $449 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 + 0.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 291 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 14y ago; this cycle's ask has dropped $15k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $65k implies a 116% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $57,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 291 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 1946 — 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: 1.86% ✓
• Cap rate: 15.17%
• Cash-on-cash: 31.71%
• DSCR: 2.41
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $40,608
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12219 Stout St	0.10mi	3/1.0	846 (0%)	1mo	$25,000	$30	95
12087 Heyden St	0.06mi	3/1.0	956 (+13%)	5mo	$46,000	$48	71
11792 Burt Rd	0.29mi	2/1.0 (-1)	810 (-4%)	4mo	$27,000	$33	71
11329 Minock St	0.53mi	3/1.0	816 (-4%)	4mo	$50,000	$61	66
13500 Heyden St	0.61mi	2/1.0 (-1)	850 (+0%)	4mo	$20,000	$24	62
11720 Minock St	0.42mi	3/1.5	771 (-9%)	5mo	$95,000	$123	59
11700 Auburn St	0.37mi	3/1.5	964 (+14%)	3mo	$55,000	$57	55
9634 Evergreen Ave	0.64mi	3/1.0	912 (+8%)	3mo	$23,000	$25	55
11419 Braile St	0.35mi	2/1.0 (-1)	969 (+14%)	2mo	$45,000	$46	53
9616 Braile St	0.63mi	3/1.0	958 (+13%)	4mo	$41,500	$43	45
9534 Heyden St	0.70mi	3/1.0	960 (+14%)	3mo	$100,000	$104	43
9581 Heyden St	0.65mi	3/2.0	950 (+12%)	4mo	$92,000	$97	42

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 23.1%
• Equity multiple: 1.91×
• Total profit: $16,567
• Equity at exit: $9,677

10-year hold

• IRR: 29.0%
• Equity multiple: 3.22×
• Total profit: $40,285
• Equity at exit: $5,611

Cash invested: $18,172 (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 48228

• Rents YoY: -2.3%
• Active inventory: 363
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,206 high
• Mortgage (P&I): −$340
• Tax from tax record: −$105 /mo · $1,260/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $480

Break-even live

Break-even rent $598

Max offer price $64,900

Occupancy floor 55%

Sensitivity live

Price	-10% $517	-5% $499	+0% $480	+5% $462	+10% $443
Rent	-10% $385	-5% $433	+0% $480	+5% $528	+10% $575
Rate	-1.0pp $513	-0.5pp $497	base $480	+0.5pp $463	+1.0pp $446

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12084 Vaughan St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.14mi
11652 Fielding St Detroit, MI	3.0	1.0	1000	$1,386	$1.39	44d	1	0.16mi
13500 Heyden St Detroit, MI	2.0	1.0	850	$1,200	$1.41	44d	1	0.63mi
20522 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.71mi
20550 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.71mi
12867 Westbrook St Detroit, MI	2.0	1.0	736	$1,050	$1.43	44d	1	0.73mi
20529 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.73mi
20541 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.74mi
20545 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.74mi
20547 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.74mi
9401 Fielding St Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.74mi
9410 Patton St Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.74mi
20619 W Chicago Detroit, MI	2.0	1.0	950	$1,200	$1.26	44d	1	0.74mi
9404 Patton St Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.75mi
20935 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.81mi
20921 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.81mi
20937 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.81mi
20945 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.81mi
9416 Trinity St Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.82mi
19449 W Chicago St Detroit, MI	3.0	1.5	950	$1,500	$1.58	44d	1	0.82mi
19050 W Davison St Detroit, MI	3.0	1.0	1118	$1,400	$1.25	44d	1	0.89mi
11704 Greenview Ave Detroit, MI	4.0	1.0	1046	$1,300	$1.24	24d	1	0.89mi
12880 Dolson St Detroit, MI	1.0–2.0	1.0	750	$1,200	$1.60	44d	6	0.94mi
11741 Penrod St Detroit, MI	3.0	1.0	1124	$1,400	$1.25	17d	1	0.98mi
13514 Stahelin Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	18d	1	0.99mi
12950 Glastonbury Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	24d	1	1.02mi
12875 Faust Ave Detroit, MI	2.0	1.0	735	$1,200	$1.63	5d	1	1.06mi
12850 Dolphin St Detroit, MI	1.0–2.0	1.0	746	$999	$1.34	5d	4	1.06mi
9059 Burt Rd Detroit, MI	3.0	1.0	980	$1,400	$1.43	44d	1	1.08mi
14258 Plainview Ave Detroit, MI	3.0	1.0	918	$1,200	$1.31	44d	1	1.13mi
12941 Penrod St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	44d	1	1.14mi
13591 Faust Ave Detroit, MI	2.0	1.0	1000	$1,275	$1.27	44d	1	1.15mi
14177 Bentler St Detroit, MI	4.0	1.0	1000	$1,475	$1.48	44d	1	1.17mi
18450 W Chicago Detroit, MI	1.0–2.0	1.0	687	$1,117	$1.62	2d	15	1.18mi
12944 Rosemont Ave Detroit, MI	2.0	1.0	800	$1,050	$1.31	5d	1	1.22mi
14347 Westwood St Detroit, MI	2.0	1.0	706	$1,200	$1.70	24d	1	1.23mi
9090 Stahelin Ave Detroit, MI	2.0	1.0	787	$1,250	$1.59	44d	1	1.25mi
14541 Kentfield St Detroit, MI	3.0	1.0	797	$1,300	$1.63	17d	1	1.32mi
19431 Lyndon St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	44d	1	1.32mi
19301 Joy Rd Apt 1 Detroit, MI	2.0	1.0	750	$1,100	$1.47	44d	1	1.32mi

Listing history 38 events

1. 2026-04-13
   status Pending 976-char remark

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

2. 2026-04-13
   status Pending

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

3. 2026-01-11
   price $64,900 976-char remark

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

4. 2026-01-11
   price $64,900

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

5. 2025-11-24
   price $69,998 976-char remark

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

6. 2025-11-24
   price $69,998

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

7. 2025-11-06
   price $69,999 976-char remark

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

8. 2025-11-06
   price $69,999

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

9. 2025-06-26
   listed $79,999 Active

   Show marketing remark (976 chars)

   Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

10. 2025-06-26
    listed $79,999 Active 976-char remark

    Show marketing remark (976 chars)

    Discover the potential of this investment opportunity at 12081 Stout St, Detroit, MI. This "as-is" property presents a unique chance for investors looking to expand their rental portfolio and generate passive income. Situated in a neighborhood poised for growth, the home offers significant promise for those with a vision and the willingness to undertake renovations. Understanding the demands of transforming "as-is" homes into profitable rental properties will enable investors to maximize the opportunity this address provides. With the growing interest in Detroit's real estate market, this property stands as a promising project for those with the intent to create a stable and lucrative rental income stream. Property Sold "AS-IS". ALL DATA AND MEASUREMENTS ARE APPROXIMATE AND DEEMED RELIABLE BUT NOT GUARANTEED. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION PROVIDED. A MICHIGAN LISENCED REAL ESTATE AGENT IS TO BE PRESENT AT ALL SHOWINGS.

11. 2019-08-28
    soldstatus $30,000 Sold 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

12. 2019-08-28
    soldstatus $30,000 Closed

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

13. 2019-08-15
    status Pending

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

14. 2019-08-15
    status Pending 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

15. 2019-07-20
    price $29,999

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

16. 2019-07-20
    price $29,999 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

17. 2019-07-02
    price $34,000

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

18. 2019-07-02
    price $34,000 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

19. 2019-06-22
    price $35,000

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

20. 2019-06-22
    price $35,000 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

21. 2019-02-07
    price $37,000
22. 2019-02-06
    price $37,000 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

23. 2018-12-03
    price $39,000

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

24. 2018-12-03
    price $39,000 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

25. 2018-09-27
    listed $40,000 Active 412-char remark

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

26. 2018-09-27
    listed $40,000 Active

    Show marketing remark (412 chars)

    * * * SUPER SHARP * * * UPDATED 3 BEDROOM, 1 BATH BUNGALOW W/ 2 CAR GARAGE: NEW SOLID OAK KITCHEN FLOORING, NEW BATH TILE, WALLSIDE WINDOWS, NEWER ROOF, NEWER FURNACE AND HOT WATER TANK, RE-PLUMBED IN PEX, BASEMENT WATERPROOFED, FENCED. NICE LANDSCAPING. GOOD FOR FIRST TIME HOMEOWNER OR INVESTOR! ALL MEASUREMENTS ARE APPROXIMATE. "ONLY LICENSED AGENTS PRESENT AT ALL SHOWING". MOTIVATED SELLER.

27. 2017-02-10
    historical
28. 2017-02-10
    historical
29. 2016-08-09
    listed $20,000 Active
30. 2016-08-09
    listed $20,000 Active
31. 2015-10-22
    historical
32. 2015-10-21
    historical
33. 2015-08-10
    price $17,000
34. 2015-07-21
    listed $20,000 Active
35. 2015-07-21
    listed $17,000
36. 2012-12-22
    historical
37. 2012-09-22
    listed $650
38. 1992-04-08
    soldstatus $25,550

ⓘ 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: $1,260 · $105/mo
• Projected year-2 tax: $1,260 · $105/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 ≥99°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: $14,469
• − Mortgage interest: −$3,635
• − Property taxes: −$1,260
• − Insurance: −$324
• − Repairs & maintenance: −$1,158
• − Management: −$1,158
• − Depreciation: −$1,888
• Taxable income: $5,047
• Est. tax owed @ 24.0%: −$1,211
• After-tax cash flow: $4,551/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): 50,117
• Household income: $30,680
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 4144.0

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 (71%)
• Race & ethnicity: Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Arab 2% Romanian 2% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 11% Spanish 5%

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: ▼ -160.81%
• Current HPI: 168.6843
• Rent YoY: ▼ -2.30%
• 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

+154.0% since first listed

38 events — show timeline

• 2026-04-13 Pending — MiRealSource-MiMLS
• 2026-04-13 Pending — REALCOMP
• 2026-01-11 Price Changed $64,900 MiRealSource-MiMLS
• 2026-01-11 Price Changed $64,900 REALCOMP
• 2025-11-24 Price Changed $69,998 MiRealSource-MiMLS
• 2025-11-24 Price Changed $69,998 REALCOMP
• 2025-11-06 Price Changed $69,999 MiRealSource-MiMLS
• 2025-11-06 Price Changed $69,999 REALCOMP
• 2025-06-26 Listed $79,999 REALCOMP
• 2025-06-26 Listed $79,999 MiRealSource-MiMLS
• 2019-08-28 Sold (MLS) $30,000 MiRealSource-MiMLS
• 2019-08-28 Sold (MLS) $30,000 REALCOMP
• 2019-08-15 Pending — MiRealSource-MiMLS
• 2019-08-15 Pending — REALCOMP
• 2019-07-20 Price Changed $29,999 MiRealSource-MiMLS
• 2019-07-20 Price Changed $29,999 REALCOMP
• 2019-07-02 Price Changed $34,000 MiRealSource-MiMLS
• 2019-07-02 Price Changed $34,000 REALCOMP
• 2019-06-22 Price Changed $35,000 MiRealSource-MiMLS
• 2019-06-22 Price Changed $35,000 REALCOMP
• 2019-02-07 Price Changed $37,000 MiRealSource-MiMLS
• 2019-02-06 Price Changed $37,000 REALCOMP
• 2018-12-03 Price Changed $39,000 MiRealSource-MiMLS
• 2018-12-03 Price Changed $39,000 REALCOMP
• 2018-09-27 Listed $40,000 MiRealSource-MiMLS
• 2018-09-27 Listed $40,000 REALCOMP
• 2017-02-10 Listing Removed — MiRealSource-MiMLS
• 2017-02-10 Listing Removed — REALCOMP
• 2016-08-09 Listed $20,000 MiRealSource-MiMLS
• 2016-08-09 Listed $20,000 REALCOMP
• 2015-10-22 Listing Removed — REALCOMP
• 2015-10-21 Listing Removed — MiRealSource-MiMLS
• 2015-08-10 Price Changed $17,000 REALCOMP
• 2015-07-21 Listed $20,000 REALCOMP
• 2015-07-21 Listed $17,000 MiRealSource-MiMLS
• 2012-12-22 Listing Removed — MiRealSource-MiMLS
• 2012-09-22 Listed $650 MiRealSource-MiMLS
• 1992-04-08 Sold (Public Records) $25,550 Public Records

Property tax history

-0.1%/yr

Latest (2025): $1,260 · -8.9% YoY. Source: county tax records.