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1929 Orleans St #3
D Composite 40.99
Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • 1% rule +10.0/10.0
  • Cash flow +7.7/30.0
  • ARV discount +7.1/15.0
  • Livability +3.7/5.0
  • Appreciation +3.6/10.0
  • Rent growth +3.4/5.0
  • Condition / age +2.5/5.0
  • DSCR +1.8/10.0
  • Schools +1.3/10.0

$165,000

1929 Orleans St #3 · Detroit, MI 48207
4 bd · 2.0 ba · 1,486 sqft · Condo public records · 72 Days on market
Built 1966 $111/sqft · at area comps Est $164k · at est. $1046/mo HOA · 41% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit's architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit's most iconic neighborhoods.

Key facts

  • $1,046 HOA
  • Garage
  • Built 1966

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath condo listed at $165k.

Deal economics

  • At list price, monthly cash flow is $-192 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $131k (20.6% below list).
  • Meets the 1% rule at list price ($3k rent vs $165k).
  • Recommended offer: $131k (20.6% below list) — sets the bar for cash-flow.
  • Cap rate 4.9% vs local median 10.1% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

  • Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: 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 (+3.5%/yr); 245 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • At $2,582/mo this rent would consume 65% of the median local household income ($48k/yr) (locally 2017% 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 (-2.8%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
  • Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

  • It's been on market 72 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
  • 9 sale attempts since 19y ago; this cycle's ask has dropped $24k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $105k; list at $165k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: HOA is 41% of rent.
Recommended offer $131,013 (20.6% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
  3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. 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?
  10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  11. 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.
  12. 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.
  13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.56%
Cap rate
4.89%
Cash-on-cash
-5.00%
DSCR
0.78
GRM
5.3

CMA / ARV

ARV (median comp)
$163,535
List price
$165,000
Delta
0.90%
Verdict
FAIR
Comps
20 within 1.0 mi

Projected returns pro-forma

-2.79% appreciation · 3.53% rent growth · sell at horizon

5-year hold
IRR
-21.4%
Equity multiple
0.23×
Total profit
$-35,451
Equity at exit
$26,140
10-year hold
IRR
-12.0%
Equity multiple
0.20×
Total profit
$-36,786
Equity at exit
$16,922

Cash invested: $46,200 (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 48207

Home prices YoY
-2.0%
Rents YoY
3.5%
Active inventory
245
Price-to-rent
5.3×

Monthly cashflow live

Estimated rent
$2,582 high interval (Pro) →
Mortgage (P&I)
$865
Tax from tax record
$252 /mo · $3,024/yr
Insurance
$69
HOA
$1,046
Vacancy / Maint / Mgmt
$542
Net cashflow
$-192

Break-even live

Break-even rent $2,825
Max offer price $131,013
Occupancy floor

Sensitivity live

Price -10% $-99 -5% $-146 +0% $-192 +5% $-239 +10% $-286
Rent -10% $-396 -5% $-294 +0% $-192 +5% $-90 +10% $12
Rate -1.0pp $-109 -0.5pp $-150 base $-192 +0.5pp $-235 +1.0pp $-279

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
$41,250
Closing costs
$4,950
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 6 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2003 Orleans St Unit 528 Detroit, MI 4.0 2.0 1800 $2,500 $1.39 45d 1 0.05mi
2280 E Vernor Hwy Detroit, MI 1.0–3.0 1.0–2.0 872 $1,111 $1.27 21d 1 0.38mi
500 River Pl Dr Detroit, MI 1.0–3.0 1.0–2.0 950 $2,000 $2.11 45d 1 0.99mi
1215 Griswold St Detroit, MI 2.0–3.0 2.0 912 $2,420 $2.65 4d 2 1.08mi
525 W Lafayette Blvd Detroit, MI 2.0–3.0 2.0 1546 $4,250 $2.75 45d 3 1.37mi
525 W Lafayette Blvd Detroit, MI 1.0–3.0 1.0–2.0 1546 $4,250 $2.75 3d 4 1.37mi

HOA detail condo

Monthly dues
$1,046 · $12,552/yr
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 39 events

  1. 2026-06-21
    days on market $165,000 Active 72 DOM
  2. 2026-06-18
    days on market $165,000 Active 69 DOM
  3. 2026-06-17
    days on market $165,000 Active 68 DOM
  4. 2026-06-15
    days on market $165,000 Active 66 DOM
  5. 2026-06-13
    days on market $165,000 Active 64 DOM
  6. 2026-06-13
    days on market $165,000 Active 63 DOM
  7. 2026-06-09
    days on market $165,000 Active 60 DOM
  8. 2026-06-08
    days on market $165,000 Active 59 DOM
  9. 2026-06-07
    days on market $165,000 Active 58 DOM
  10. 2026-06-04
    days on market $165,000 Active 55 DOM
  11. 2026-06-03
    days on market $165,000 Active 54 DOM
  12. 2026-06-02
    days on market $165,000 Active 53 DOM
  13. 2026-06-01
    days on market $165,000 Active 52 DOM
  14. 2026-05-31
    days on market $165,000 Active 51 DOM
  15. 2026-05-18
    price $165,000 1072-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  16. 2026-05-18
    price $165,000 1084-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  17. 2026-05-03
    price $175,000 1072-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  18. 2026-05-03
    status Active 1072-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  19. 2026-05-03
    status Active 1084-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  20. 2026-05-03
    price $175,000 1084-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  21. 2026-04-15
    historical Active Under Contract 1084-char remark
    Show marketing remark (1072 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit's architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit's most iconic neighborhoods.

  22. 2026-04-15
    historical Keep Showing-Contgcy Appl 1072-char remark
    Show marketing remark (1072 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit's architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit's most iconic neighborhoods.

  23. 2026-04-11
    listed $189,000 Active 1072-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  24. 2026-04-11
    listed $189,000 Active 1084-char remark
    Show marketing remark (1084 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit’s architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit’s most iconic neighborhoods.

  25. 2026-04-10
    historical $189,000 1072-char remark
    Show marketing remark (1072 chars)

    Meticulously renovated mid-century modern condo in Parc Lafayette, located in Detroit's architecturally celebrated Lafayette Park neighborhood. This elegant bilevel residence features 4 bedrooms and 2 full baths with a spacious, flexible layout ideal for everyday living or hosting guests. Dramatic floor-to-ceiling windows flood the home with natural light, highlighting the clean lines and timeless character of its mid-century design. Enjoy exceptional outdoor living with a private lower-level patio surrounded by fruit trees and flowering gardens, creating a peaceful urban retreat. The patio off the living room is perfect for entertaining or relaxing among the surrounding greenery. Additional highlights include an attached one-car garage with direct access and generous basement storage. Ideally located near Lafayette Plaisance, the Dequindre Cut Greenway, Elmwood Park, the award-winning Detroit Riverwalk, and just minutes from Eastern Market, Gratiot Avenue shops, and Downtown Detroit. A rare opportunity to own in one of Detroit's most iconic neighborhoods.

  26. 2024-08-19
    soldstatus $105,000 Sold
  27. 2024-08-19
    soldstatus $105,000 Closed
  28. 2024-08-12
    status Pending
  29. 2024-08-12
    status Pending
  30. 2024-06-18
    listed $115,000 Active
  31. 2024-06-18
    listed $115,000 Active
  32. 2022-08-17
    historical
  33. 2022-07-22
    status Active
  34. 2022-07-18
    status Pending
  35. 2022-06-01
    historical Accepting Backup Offers
  36. 2022-05-24
    listed $149,900 Active
  37. 2018-01-31
    soldstatus $103,350
  38. 2008-02-29
    soldstatus $7,000
  39. 2007-10-10
    listed $12,900

ⓘ 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
$3,024 · $252/mo
Projected year-2 tax
$3,024 · $252/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 ≥95°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 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
$30,982
− Mortgage interest
−$9,243
− Property taxes
−$3,024
− Insurance
−$825
− Repairs & maintenance
−$2,479
− Management
−$2,479
− HOA
−$12,552
− Depreciation
−$4,800
Taxable loss
−$4,419
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,061
After-tax cash flow
$-1,248/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)
20,848
Household income
$47,831
Rent vs Own
74.2% rent · 25.8% own
Severe rent burden
2017.0

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 (74%)
Race & ethnicity
Black 74% White 18% Two or more races 4% Asian 3% Hispanic / Latino 2%
Common ancestry
Romanian 2% Italian 1% Lithuanian 1%
Foreign-born
5% · Canada, South Korea
Languages at home
94% English-only · Spanish 2% Other Indo-European 1% Arabic 1%

Political lean MEDSL · Wayne

2024 margin
Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
2008→2024 swing
-20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
All cycles
2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

Civics

Market trends

HPI YoY
▼ -2.79%
Current HPI
136.6328
Rent YoY
▲ 3.53%
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

+1179.1% since first listed
25 events — show timeline
  • 2026-05-18 Price Changed $165,000 MiRealSource-MiMLS
  • 2026-05-18 Price Changed $165,000 REALCOMP
  • 2026-05-03 Price Changed $175,000 MiRealSource-MiMLS
  • 2026-05-03 Relisted MiRealSource-MiMLS
  • 2026-05-03 Relisted REALCOMP
  • 2026-05-03 Price Changed $175,000 REALCOMP
  • 2026-04-15 Contingent REALCOMP
  • 2026-04-15 Contingent MiRealSource-MiMLS
  • 2026-04-11 Listed $189,000 MiRealSource-MiMLS
  • 2026-04-11 Listed $189,000 REALCOMP
  • 2026-04-10 Coming Soon $189,000 MiRealSource-MiMLS
  • 2024-08-19 Sold (MLS) $105,000 MiRealSource-MiMLS
  • 2024-08-19 Sold (MLS) $105,000 REALCOMP
  • 2024-08-12 Pending MiRealSource-MiMLS
  • 2024-08-12 Pending REALCOMP
  • 2024-06-18 Listed $115,000 MiRealSource-MiMLS
  • 2024-06-18 Listed $115,000 REALCOMP
  • 2022-08-17 Listing Removed MiRealSource-MiMLS
  • 2022-07-22 Relisted MiRealSource-MiMLS
  • 2022-07-18 Pending MiRealSource-MiMLS
  • 2022-06-01 Contingent MiRealSource-MiMLS
  • 2022-05-24 Listed $149,900 MiRealSource-MiMLS
  • 2018-01-31 Sold (Public Records) $103,350 Public Records
  • 2008-02-29 Sold (MLS) $7,000 REALCOMP
  • 2007-10-10 Listed $12,900 REALCOMP

Property tax history

+12.1%/yr

Latest (2025): $3,024 · +3.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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