12345 Kentucky St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 2/10 · Minimal
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 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
- 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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 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
- IRR
- 40.5%
- Equity multiple
- 4.09×
- Total profit
- $72,054
- Equity at exit
- $74,915
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-18days on market $83,158 Active 96 DOM
-
2026-06-17days on market $83,158 Active 95 DOM
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2026-06-15days on market $83,158 Active 93 DOM
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2026-06-13days on market $83,158 Active 91 DOM
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2026-06-13days on market $83,158 Active 90 DOM
-
2026-06-09days on market $83,158 Active 87 DOM
-
2026-06-08days on market $83,158 Active 86 DOM
-
2026-06-07days on market $83,158 Active 85 DOM
-
2026-06-04days on market $83,158 Active 82 DOM
-
2026-06-03days on market $83,158 Active 81 DOM
-
2026-06-01days on market $83,158 Active 79 DOM
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2026-05-31days on market $83,158 Active 78 DOM
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2026-04-13status 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.
-
2026-04-13status 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.
-
2026-04-03status 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.
-
2026-04-03status 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.
-
2026-03-04$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.
-
2026-03-04$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.
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2026-01-29historical
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2026-01-29historical
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2025-09-27$89,000 Active
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2025-09-27$89,000 Active
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2019-12-20soldstatus $67,500
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2016-11-22historical
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2016-11-21historical
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2016-10-21status Active
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2016-10-12historical
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2016-08-01status Active
-
2016-08-01historical
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2016-04-16$29,900 Active
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2015-10-30status Active
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2015-10-20historical
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2015-08-18$29,900 Active
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2013-09-06soldstatus $500
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2013-09-06soldstatus $500
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2013-07-11historical
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2013-07-11historical
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2013-04-26$500
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2013-04-26$500
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2013-04-23historical
-
2013-04-23historical
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2013-03-04$1,960
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2013-03-04historical
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2013-03-04$1,960
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2013-03-03historical
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2012-08-20$1,960
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2012-08-20$1,960
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2012-08-16historical
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2012-08-15historical
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2012-05-21$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
- 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
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
- 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 |
|---|---|---|
| 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
+26.6% since first listed51 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%/yrLatest (2025): $738 · -53.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…