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12345 Kentucky St
B- Composite 69.46
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
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • 1% rule +9.5/10.0
  • Livability +3.7/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • ARV discount +0.0/15.0

$83,158

12345 Kentucky St · Detroit, MI 48204
3 bd · 1.0 ba · 1,357 sqft · SingleFamily public records · 96 Days on market
Built 1921 3,920 sqft lot $61/sqft · 24% above area Est $67k · 24% over

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

LONG STANDING SECTION EIGHT TENANT OCCUPIED COLONIAL HOME LOCATED NORTH OF GRAND RIVE AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, HARDWOOD FLOORS, INVITING SPACIOUS LIVING ROOM, FORMAL DINING ROOM, BONUS ROOM/OFFICE, LARGE KITCHEN, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1224 PER MONTH AND IS IN A LEASE UNTIL 9/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

  • Covered front porch
  • Formal dining room
  • Bonus room

Tags

COVERED FRONT PORCHHARDWOOD FLOORSSPACIOUS LIVING ROOMFORMAL DINING ROOMBONUS ROOMLARGE KITCHEN

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 3-bed/1.0-bath single-family listed at $83k.

Deal economics

  • At list price, monthly cash flow is $420 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $83k).
  • Recommended offer: $76k (9.0% below list) — sets the bar for market timing.
  • Cap rate 12.4% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 244 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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).
  • This rent runs 42% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • In year one you build about $9k of equity ($574 loan paydown + $8k appreciation (10.0% local appreciation)).
  • Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $23k cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 96 days — a 9% lower offer ($76k) is reasonable based on typical stale-listing flexibility.
  • 25 sale attempts since 23y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $68k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $75,673 (9.0% below list)

Questions for the listing agent

  1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1921 — 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
1.45%
Cap rate
12.36%
Cash-on-cash
21.66%
DSCR
1.96
GRM
5.7

CMA / ARV

ARV (median comp)
$67,226
List price
$83,158
Delta
23.70%
Verdict
OVERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
12162 Kentucky St 0.08mi 3/1.0 1,415 (+4%) 4mo $42,000 $30 85
11931 Wisconsin St 0.19mi 3/3.0 1,407 (+4%) 5mo $135,900 $97 73
12027 Manor St 0.54mi 3/1.0 1,340 (-1%) 3mo $86,750 $65 70
12303 Cloverlawn St 0.31mi 3/1.5 1,454 (+7%) 4mo $58,500 $40 68
13586 Indiana St 0.54mi 3/1.0 1,298 (-4%) 2mo $30,000 $23 66
12096 Meyers Rd 0.53mi 3/1.0 1,248 (-8%) 0mo $30,000 $24 62
12667 Sorrento St 0.75mi 3/1.0 1,309 (-4%) 0mo $65,000 $50 59
13176 Manor St 0.58mi 3/1.5 1,478 (+9%) 2mo $60,500 $41 55
13955 Ohio St 0.68mi 3/1.0 1,448 (+7%) 5mo $37,000 $26 53
10340 Maplelawn St 0.72mi 3/2.0 1,296 (-4%) 5mo $27,000 $21 51
13903 Cloverlawn Ave 0.69mi 3/1.5 1,265 (-7%) 5mo $140,000 $111 50
13581 Cloverlawn St 0.61mi 4/2.0 (+1) 1,240 (-9%) 4mo $143,000 $115 45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
40.5%
Equity multiple
4.09×
Total profit
$72,054
Equity at exit
$74,915
10-year hold
IRR
34.9%
Equity multiple
9.21×
Total profit
$191,117
Equity at exit
$161,558

Cash invested: $23,284 (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 48204

Home prices YoY
18.5%
Active inventory
244
Price-to-rent
5.7×

Monthly cashflow live

Estimated rent
$1,206 high interval (Pro) →
Mortgage (P&I)
$436
Tax from tax record
$61 /mo · $738/yr
Insurance
$35
HOA
$0
Vacancy / Maint / Mgmt
$253
Net cashflow
$420

Break-even live

Break-even rent $674
Max offer price $83,158
Occupancy floor 60%

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
$20,790
Closing costs
$2,495
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

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

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

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

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

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

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
12144 Washburn St Detroit, MI 3.0 1.0 1200 $1,200 $1.00 15d 1 0.16mi
12650 Griggs St Detroit, MI 3.0 2.0 1628 $1,375 $0.84 24d 1 0.22mi
12703 Northlawn St Detroit, MI 2.0 1.0 1365 $1,053 $0.77 20d 1 0.30mi
12468 Mendota St Detroit, MI 2.0 1.0 1100 $1,000 $0.91 24d 1 0.30mi
12468 Mendota St Detroit, MI 2.0 1.0 1100 $1,100 $1.00 44d 1 0.30mi
12303 Cloverlawn St Detroit, MI 3.0 1.5 1454 $1,400 $0.96 44d 1 0.32mi
13620 Kentucky St Detroit, MI 3.0 1.0 1248 $1,200 $0.96 5d 1 0.54mi
13910 Kentucky St Detroit, MI 2.0 1.0 1680 $1,000 $0.60 44d 1 0.61mi
13979 Cherrylawn St Detroit, MI 3.0 1.0 1296 $1,334 $1.03 20d 1 0.70mi
13965 Mendota St Detroit, MI 3.0 1.0 1222 $1,294 $1.06 17d 1 0.73mi
12775 Plymouth Rd Unit 16 Detroit, MI 2.0 1.0 1009 $825 $0.82 44d 1 0.74mi
12415 Monica St Detroit, MI 2.0 1.0 1000 $1,200 $1.20 44d 1 0.78mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 17d 1 0.79mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 2d 1 0.79mi
10002 Manor Unit 1 Detroit, MI 2.0 1.0 1000 $1,050 $1.05 44d 1 0.80mi
10002 Manor Unit 2 Detroit, MI 3.0 1.0 1100 $1,150 $1.05 44d 1 0.80mi
13620 Tuller St Detroit, MI 4.0 1.0 1064 $1,374 $1.29 12d 1 0.82mi
12123 Santa Rosa Dr Detroit, MI 2.0 1.0 1680 $1,000 $0.60 24d 1 0.85mi
14242 Ohio St Detroit, MI 4.0 1.0 1400 $1,000 $0.71 44d 1 0.87mi
12663 Stoepel St Detroit, MI 2.0 1.0 1100 $1,050 $0.95 22d 1 0.90mi
12032 Santa Rosa Dr Unit 1 Detroit, MI 3.0 1.0 900 $1,423 $1.58 5d 1 0.90mi
10359 Violetlawn St Unit 1 Detroit, MI 2.0 1.0 1200 $985 $0.82 44d 1 0.91mi
12019 Stoepel St Detroit, MI 2.0 1.0 1000 $943 $0.94 5d 1 0.93mi
10303 Morley St #1 Detroit, MI 2.0 1.0 950 $950 $1.00 44d 1 0.94mi
9558 Meyers Rd Detroit, MI 3.0 1.0 950 $1,150 $1.21 44d 1 1.03mi
Ohio St Unit 4 Detroit, MI 4.0 1.5 1400 $750 $0.54 44d 1 1.06mi
14550 Northlawn St Detroit, MI 3.0 2.0 950 $1,200 $1.26 17d 1 1.14mi
4336 Buena Vista St Detroit, MI 3.0 1.0 1300 $1,100 $0.85 44d 1 1.16mi
4341 Glendale St Detroit, MI 4.0 2.5 1832 $1,680 $0.92 5d 1 1.17mi
4287 W Grand St Unit 4289 Detroit, MI 3.0 1.0 1250 $1,000 $0.80 44d 1 1.20mi
9209 Pinehurst St Detroit, MI 3.0 1.0 1589 $1,500 $0.94 44d 1 1.26mi
14656 Roselawn St Detroit, MI 3.0 1.0 1000 $1,200 $1.20 17d 1 1.26mi
4203 Tyler St Detroit, MI 2.0 1.0 950 $895 $0.94 44d 1 1.29mi
4268 Cortland St Unit 1 Detroit, MI 2.0 1.0 1000 $1,050 $1.05 44d 1 1.31mi
9355 Ward St Detroit, MI 3.0 1.0 1200 $1,327 $1.11 44d 1 1.31mi
11704 Broadstreet Ave Detroit, MI 3.0 1.0 1200 $1,050 $0.88 44d 1 1.33mi
9022 Northlawn St Detroit, MI 2.0 1.0 1100 $1,300 $1.18 24d 1 1.33mi
14881 Mendota St Detroit, MI 3.0 1.0 1026 $1,100 $1.07 24d 1 1.36mi
9789 Chenlot St Unit 1 Detroit, MI 2.0 1.0 1000 $1,000 $1.00 5d 1 1.38mi
3824 Tyler St Apt 1 Detroit, MI 3.0 1.0 900 $1,523 $1.69 17d 1 1.42mi

Listing history 50 events

  1. 2026-06-18
    days on market $83,158 Active 96 DOM
  2. 2026-06-17
    days on market $83,158 Active 95 DOM
  3. 2026-06-15
    days on market $83,158 Active 93 DOM
  4. 2026-06-13
    days on market $83,158 Active 91 DOM
  5. 2026-06-13
    days on market $83,158 Active 90 DOM
  6. 2026-06-09
    days on market $83,158 Active 87 DOM
  7. 2026-06-08
    days on market $83,158 Active 86 DOM
  8. 2026-06-07
    days on market $83,158 Active 85 DOM
  9. 2026-06-04
    days on market $83,158 Active 82 DOM
  10. 2026-06-03
    days on market $83,158 Active 81 DOM
  11. 2026-06-01
    days on market $83,158 Active 79 DOM
  12. 2026-05-31
    days on market $83,158 Active 78 DOM
  13. 2026-04-13
    status Active 580-char remark
    Show marketing remark (580 chars)

    LONG STANDING SECTION EIGHT TENANT OCCUPIED COLONIAL HOME LOCATED NORTH OF GRAND RIVE AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, HARDWOOD FLOORS, INVITING SPACIOUS LIVING ROOM, FORMAL DINING ROOM, BONUS ROOM/OFFICE, LARGE KITCHEN, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1224 PER MONTH AND IS IN A LEASE UNTIL 9/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  14. 2026-04-13
    status Active 580-char remark
    Show marketing remark (580 chars)

    LONG STANDING SECTION EIGHT TENANT OCCUPIED COLONIAL HOME LOCATED NORTH OF GRAND RIVE AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, HARDWOOD FLOORS, INVITING SPACIOUS LIVING ROOM, FORMAL DINING ROOM, BONUS ROOM/OFFICE, LARGE KITCHEN, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1224 PER MONTH AND IS IN A LEASE UNTIL 9/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  15. 2026-04-03
    status Pending 580-char remark
    Show marketing remark (580 chars)

    LONG STANDING SECTION EIGHT TENANT OCCUPIED COLONIAL HOME LOCATED NORTH OF GRAND RIVE AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, HARDWOOD FLOORS, INVITING SPACIOUS LIVING ROOM, FORMAL DINING ROOM, BONUS ROOM/OFFICE, LARGE KITCHEN, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1224 PER MONTH AND IS IN A LEASE UNTIL 9/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  16. 2026-04-03
    status Pending 580-char remark
    Show marketing remark (580 chars)

    LONG STANDING SECTION EIGHT TENANT OCCUPIED COLONIAL HOME LOCATED NORTH OF GRAND RIVE AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, HARDWOOD FLOORS, INVITING SPACIOUS LIVING ROOM, FORMAL DINING ROOM, BONUS ROOM/OFFICE, LARGE KITCHEN, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1224 PER MONTH AND IS IN A LEASE UNTIL 9/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  17. 2026-03-04
    listed $88,500 Active 580-char remark
    Show marketing remark (580 chars)

    LONG STANDING SECTION EIGHT TENANT OCCUPIED COLONIAL HOME LOCATED NORTH OF GRAND RIVE AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, HARDWOOD FLOORS, INVITING SPACIOUS LIVING ROOM, FORMAL DINING ROOM, BONUS ROOM/OFFICE, LARGE KITCHEN, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1224 PER MONTH AND IS IN A LEASE UNTIL 9/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  18. 2026-03-04
    listed $88,500 Active 580-char remark
    Show marketing remark (580 chars)

    LONG STANDING SECTION EIGHT TENANT OCCUPIED COLONIAL HOME LOCATED NORTH OF GRAND RIVE AND EAST OF WYOMING. THIS HOME FEATURES A COVERED FRONT PORCH, HARDWOOD FLOORS, INVITING SPACIOUS LIVING ROOM, FORMAL DINING ROOM, BONUS ROOM/OFFICE, LARGE KITCHEN, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1224 PER MONTH AND IS IN A LEASE UNTIL 9/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  19. 2026-01-29
    historical
  20. 2026-01-29
    historical
  21. 2025-09-27
    listed $89,000 Active
  22. 2025-09-27
    listed $89,000 Active
  23. 2019-12-20
    soldstatus $67,500
  24. 2016-11-22
    historical
  25. 2016-11-21
    historical
  26. 2016-10-21
    status Active
  27. 2016-10-12
    historical
  28. 2016-08-01
    status Active
  29. 2016-08-01
    historical
  30. 2016-04-16
    listed $29,900 Active
  31. 2015-10-30
    status Active
  32. 2015-10-20
    historical
  33. 2015-08-18
    listed $29,900 Active
  34. 2013-09-06
    soldstatus $500
  35. 2013-09-06
    soldstatus $500
  36. 2013-07-11
    historical
  37. 2013-07-11
    historical
  38. 2013-04-26
    listed $500
  39. 2013-04-26
    listed $500
  40. 2013-04-23
    historical
  41. 2013-04-23
    historical
  42. 2013-03-04
    listed $1,960
  43. 2013-03-04
    historical
  44. 2013-03-04
    listed $1,960
  45. 2013-03-03
    historical
  46. 2012-08-20
    listed $1,960
  47. 2012-08-20
    listed $1,960
  48. 2012-08-16
    historical
  49. 2012-08-15
    historical
  50. 2012-05-21
    listed $500

ⓘ 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
$738 · $61/mo
Projected year-2 tax
$1,009 · $84/mo
Expected delta
+$271/yr (+$23/mo · 36.8%)

ⓘ 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 2/10 Low 7 d/yr ≥97°F today · 14 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
$14,469
− Mortgage interest
−$4,658
− Property taxes
−$738
− Insurance
−$416
− Repairs & maintenance
−$1,158
− Management
−$1,158
− Depreciation
−$2,419
Taxable income
$3,923
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$942
After-tax cash flow
$4,102/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)
20,696
Household income
$34,468
Rent vs Own
45.0% rent · 55.0% own
Severe rent burden
1418.0

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 (86%)
Race & ethnicity
Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
Hispanic origin (detail)
Mexican 4%
Common ancestry
Hispanic 1% Romanian 1%
Foreign-born
2% · Canada
Languages at home
95% English-only · Spanish 4%

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
▲ 36.51%
Current HPI
234.0465
Rent YoY
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

+26.6% since first listed
51 events — show timeline
  • 2026-04-13 Relisted MiRealSource-MiMLS
  • 2026-04-13 Relisted REALCOMP
  • 2026-04-03 Pending MiRealSource-MiMLS
  • 2026-04-03 Pending REALCOMP
  • 2026-03-04 Listed $88,500 REALCOMP
  • 2026-03-04 Listed $88,500 MiRealSource-MiMLS
  • 2026-01-29 Listing Removed REALCOMP
  • 2026-01-29 Listing Removed MiRealSource-MiMLS
  • 2025-09-27 Listed $89,000 REALCOMP
  • 2025-09-27 Listed $89,000 MiRealSource-MiMLS
  • 2019-12-20 Sold (Public Records) $67,500 Public Records
  • 2016-11-22 Listing Removed REALCOMP
  • 2016-11-21 Listing Removed MiRealSource-MiMLS
  • 2016-10-21 Relisted REALCOMP
  • 2016-10-12 Listing Removed REALCOMP
  • 2016-08-01 Relisted MiRealSource-MiMLS
  • 2016-08-01 Listing Removed MiRealSource-MiMLS
  • 2016-04-16 Listed $29,900 MiRealSource-MiMLS
  • 2015-10-30 Relisted REALCOMP
  • 2015-10-20 Listing Removed REALCOMP
  • 2015-08-18 Listed $29,900 REALCOMP
  • 2013-09-06 Sold (MLS) $500 REALCOMP
  • 2013-09-06 Sold (MLS) $500 MiRealSource-MiMLS
  • 2013-07-11 Listing Removed REALCOMP
  • 2013-07-11 Listing Removed MiRealSource-MiMLS
  • 2013-04-26 Listed $500 REALCOMP
  • 2013-04-26 Listed $500 MiRealSource-MiMLS
  • 2013-04-23 Listing Removed REALCOMP
  • 2013-04-23 Listing Removed MiRealSource-MiMLS
  • 2013-03-04 Listed $1,960 REALCOMP
  • 2013-03-04 Listing Removed MiRealSource-MiMLS
  • 2013-03-04 Listed $1,960 MiRealSource-MiMLS
  • 2013-03-03 Listing Removed REALCOMP
  • 2012-08-20 Listed $1,960 REALCOMP
  • 2012-08-20 Listed $1,960 MiRealSource-MiMLS
  • 2012-08-16 Listing Removed MiRealSource-MiMLS
  • 2012-08-15 Listing Removed REALCOMP
  • 2012-05-21 Listed $500 REALCOMP
  • 2012-05-21 Listed $500 MiRealSource-MiMLS
  • 2012-05-09 Listing Removed MiRealSource-MiMLS
  • 2012-05-08 Listing Removed REALCOMP
  • 2012-02-08 Listed $2,800 REALCOMP
  • 2012-02-08 Listed $2,800 MiRealSource-MiMLS
  • 2012-01-28 Listing Removed MiRealSource-MiMLS
  • 2012-01-27 Listing Removed REALCOMP
  • 2011-11-02 Listed $3,500 REALCOMP
  • 2011-11-02 Listed $3,500 MiRealSource-MiMLS
  • 2004-10-27 Listing Removed REALCOMP
  • 2004-04-27 Listed $67,500 REALCOMP
  • 2004-01-19 Listing Removed REALCOMP
  • 2003-10-03 Listed $69,900 REALCOMP

Property tax history

-2.6%/yr

Latest (2025): $738 · -53.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…