5245 Marlborough St · Detroit, MI 48224

$115,000

3 bd · 1.0 ba · 1,426 sqft · SingleFamily public records · 23 Days on market

Built 1928 Est $117k · at est.

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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 +29.6/30.0
• DSCR +10.0/10.0
• ARV discount +8.2/15.0
• 1% rule +7.3/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Great Turnkey House in Morningside with a renter at $1431/mo 3 Bedrooms 1 Bath house. Start making a return on your investment day 1. Do not approach the house with out an appointment. Call 772-333-9239

Key facts

• Built 1928
• Listed 23 days

Property features AI

Finance

• Other: Living area approximately 1,426 (exact interior measurements not listed in sections)
• Financial info: Income and expense details not provided
• HOA & community: HOA details not provided

Exterior

• Parking: Parking details not provided
• Security: Details not provided
• Utilities: Utilities details not provided
• Home design: Property type details not provided; Stories and entry level not provided; Facing direction not provided
• Construction: Originally built in 1928
• Exterior features: Located in the Chandler Park-Chalmers subdivision

Interior

• Kitchen: Details not provided
• Bedrooms: Details not provided
• Flooring: Details not provided
• Bathrooms: Details not provided
• Heating & cooling: Details not provided
• Interior features: Built in 1928
• Laundry & utility: Details not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $415 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.

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 flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 38% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k 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 + 0.7% rent growth), your $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 22 sale attempts since 17y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $16k; list at $115k implies a 619% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $113,275 (1.5% below list)

Questions for the listing agent

1. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.23% ✓
• Cap rate: 10.62%
• Cash-on-cash: 15.47%
• DSCR: 1.69
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $116,932
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5794 Dickerson St	0.60mi	3/1.0	1,467 (+3%)	4mo	$118,000	$80	64
5050 Somerset Ave	0.60mi	3/1.0	1,356 (-5%)	1mo	$84,900	$63	63
5557 Lakeview St	0.36mi	3/1.0	1,233 (-14%)	4mo	$40,000	$32	57
4643 Somerset Ave	0.67mi	3/1.5	1,366 (-4%)	3mo	$80,000	$59	57
5721 Somerset Ave	0.60mi	3/1.5	1,513 (+6%)	3mo	$152,000	$100	57
4830 Dickerson St	0.58mi	3/1.5	1,542 (+8%)	2mo	$60,099	$39	56
5545 Maryland St	0.31mi	4/1.0 (+1)	1,251 (-12%)	6mo	$140,000	$112	55
5306 Somerset Ave	0.58mi	3/1.5	1,324 (-7%)	4mo	$135,000	$102	55
5566 Somerset Ave	0.60mi	3/2.5	1,521 (+7%)	3mo	$87,000	$57	53
4404 Somerset Ave	0.73mi	3/1.0	1,292 (-9%)	0mo	$190,000	$147	50
4810 Lakepointe St	0.48mi	4/1.0 (+1)	1,218 (-15%)	3mo	$200,000	$164	46
9131 Wayburn St	0.65mi	3/1.5	1,222 (-14%)	6mo	$100,000	$82	39

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 3.8%
• Equity multiple: 1.14×
• Total profit: $4,610
• Equity at exit: $17,147

10-year hold

• IRR: 11.2%
• Equity multiple: 1.79×
• Total profit: $25,531
• Equity at exit: $9,943

Cash invested: $32,200 (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.

Methodology + full state rankings →

ZIP-level market 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,414 high
• Mortgage (P&I): −$603
• Tax from tax record: −$51 /mo · $611/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $415

Break-even live

Break-even rent $889

Max offer price $115,000

Occupancy floor 66%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	43d	1	0.44mi
5966 Eastlawn St Unit NA Detroit, MI	3.0	1.5	1366	$1,500	$1.10	24d	1	0.48mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	15d	1	0.56mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	43d	1	0.62mi
5791 Somerset Ave Detroit, MI	3.0	2.0	1660	$1,400	$0.84	17d	1	0.63mi
4391 Nottingham Rd Unit 4393 Detroit, MI	2.0	1.0	1038	$950	$0.92	5d	1	0.66mi
5235 Chatsworth St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.67mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	20d	1	0.70mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	5d	1	0.75mi
4151 Nottingham Rd Detroit, MI	2.0	1.0	1022	$1,275	$1.25	17d	1	0.78mi
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	4d	1	0.82mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	43d	1	0.83mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.83mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	16d	1	0.83mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.86mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	5d	1	0.92mi
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	3d	1	0.93mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	15d	1	0.94mi
5031 Bedford St Detroit, MI	2.0	1.0	876	$1,870	$2.13	1d	1	0.94mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	5d	1	0.97mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	43d	1	0.99mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	43d	1	1.00mi
4627 Bedford St Unit 1 Detroit, MI	2.0	1.0	1050	$945	$0.90	20d	1	1.01mi
13137 Elmdale St Detroit, MI	3.0	1.0	1115	$1,400	$1.26	24d	1	1.05mi
13400 Longview St Detroit, MI	3.0	1.5	1000	$1,400	$1.40	43d	1	1.05mi
3625 Chatsworth St Detroit, MI	3.0	1.5	1182	$1,295	$1.10	24d	1	1.10mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	17d	1	1.15mi
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	17d	1	1.18mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	18d	1	1.19mi
1348 Wayburn St Grosse Pointe, MI	3.0	2.0	1035	$2,200	$2.13	24d	1	1.24mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	17d	1	1.25mi
1334 Maryland St Grosse Pointe Park, MI	2.0	1.0	1786	$1,200	$0.67	18d	1	1.27mi
1314 Maryland St Grosse Pointe Park, MI	2.0	1.0	1008	$1,250	$1.24	43d	1	1.31mi
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	43d	1	1.33mi
1300 Maryland St Grosse Pointe Park, MI	2.0	1.0	900	$1,200	$1.33	22d	1	1.33mi
1300 Maryland St Grosse Pointe Park, MI	2.0	1.0	900	$1,200	$1.33	3d	1	1.33mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	11d	1	1.34mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	43d	1	1.36mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	43d	1	1.39mi
1312 Somerset Ave Grosse Pointe Park, MI	2.0	1.0	1200	$1,400	$1.17	16d	1	1.40mi

Listing history 50 events

1. 2026-06-18
   days on market $115,000 Active 23 DOM
2. 2026-06-17
   days on market $115,000 Active 22 DOM
3. 2026-06-15
   days on market $115,000 Active 20 DOM
4. 2026-06-13
   days on market $115,000 Active 18 DOM
5. 2026-06-13
   days on market $115,000 Active 17 DOM
6. 2026-06-09
   days on market $115,000 Active 14 DOM
7. 2026-06-08
   days on market $115,000 Active 13 DOM
8. 2026-06-07
   days on market $115,000 Active 12 DOM
9. 2026-06-04
   days on market $115,000 Active 9 DOM
10. 2026-06-03
    days on market $115,000 Active 8 DOM
11. 2026-06-01
    days on market $115,000 Active 6 DOM
12. 2026-05-31
    days on market $115,000 Active 5 DOM
13. 2026-05-26
    listed $115,000 Active
14. 2023-03-02
    historical
15. 2023-03-02
    status Active
16. 2023-01-01
    historical
17. 2022-12-31
    historical
18. 2022-10-14
    price $36,400
19. 2022-10-14
    price $36,400
20. 2022-10-06
    listed $36,900 Active
21. 2022-10-06
    listed $36,900 Active
22. 2022-09-20
    historical
23. 2022-09-19
    historical
24. 2022-08-18
    listed $39,900 Active
25. 2022-08-18
    listed $39,900 Active
26. 2022-08-18
    historical
27. 2022-08-01
    status Pending
28. 2022-08-01
    status Pending
29. 2022-07-28
    historical
30. 2022-05-17
    historical
31. 2022-05-06
    status Active
32. 2022-04-28
    historical
33. 2022-04-27
    price $29,900
34. 2022-04-27
    price $29,900
35. 2022-04-23
    price $32,000
36. 2022-04-23
    price $32,000
37. 2022-04-15
    status Active
38. 2022-04-12
    historical
39. 2022-03-23
    listed $38,500 Active
40. 2022-03-23
    listed $38,500 Active
41. 2022-02-16
    price $38,500
42. 2022-02-15
    historical
43. 2022-02-15
    price $38,500
44. 2022-02-15
    historical
45. 2022-02-13
    price $385,000
46. 2022-02-12
    price $385,000
47. 2022-01-28
    status Active
48. 2022-01-24
    historical
49. 2022-01-18
    listed $28,000 Active
50. 2022-01-18
    listed $28,000 Active

ⓘ 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: $611 · $51/mo
• Projected year-2 tax: $1,191 · $99/mo
• Expected delta: +$580/yr (+$48/mo · 94.9%)

ⓘ 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 ≥96°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: $16,968
• − Mortgage interest: −$6,442
• − Property taxes: −$611
• − Insurance: −$575
• − Repairs & maintenance: −$1,357
• − Management: −$1,357
• − Depreciation: −$3,345
• Taxable income: $3,279
• Est. tax owed @ 24.0%: −$787
• After-tax cash flow: $4,194/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+4175.1% since first listed

61 events — show timeline

• 2026-05-26 Listed $115,000 FSBO.com
• 2023-03-02 Listing Removed — REALCOMP
• 2023-03-02 Relisted — REALCOMP
• 2023-01-01 Listing Removed — MiRealSource-MiMLS
• 2022-12-31 Listing Removed — REALCOMP
• 2022-10-14 Price Changed $36,400 MiRealSource-MiMLS
• 2022-10-14 Price Changed $36,400 REALCOMP
• 2022-10-06 Listed $36,900 MiRealSource-MiMLS
• 2022-10-06 Listed $36,900 REALCOMP
• 2022-09-20 Listing Removed — REALCOMP
• 2022-09-19 Listing Removed — MiRealSource-MiMLS
• 2022-08-18 Listed $39,900 MiRealSource-MiMLS
• 2022-08-18 Listed $39,900 REALCOMP
• 2022-08-18 Listing Removed — REALCOMP
• 2022-08-01 Pending — MiRealSource-MiMLS
• 2022-08-01 Pending — REALCOMP
• 2022-07-28 Listing Removed — MiRealSource-MiMLS
• 2022-05-17 Listing Removed — REALCOMP
• 2022-05-06 Relisted — REALCOMP
• 2022-04-28 Listing Removed — REALCOMP
• 2022-04-27 Price Changed $29,900 MiRealSource-MiMLS
• 2022-04-27 Price Changed $29,900 REALCOMP
• 2022-04-23 Price Changed $32,000 MiRealSource-MiMLS
• 2022-04-23 Price Changed $32,000 REALCOMP
• 2022-04-15 Relisted — REALCOMP
• 2022-04-12 Listing Removed — REALCOMP
• 2022-03-23 Listed $38,500 MiRealSource-MiMLS
• 2022-03-23 Listed $38,500 REALCOMP
• 2022-02-16 Price Changed $38,500 MiRealSource-MiMLS
• 2022-02-15 Listing Removed — REALCOMP
• 2022-02-15 Price Changed $38,500 REALCOMP
• 2022-02-15 Listing Removed — MiRealSource-MiMLS
• 2022-02-13 Price Changed $385,000 MiRealSource-MiMLS
• 2022-02-12 Price Changed $385,000 REALCOMP
• 2022-01-28 Relisted — REALCOMP
• 2022-01-24 Listing Removed — REALCOMP
• 2022-01-18 Listed $28,000 MiRealSource-MiMLS
• 2022-01-18 Listed $28,000 REALCOMP
• 2021-03-17 Sold (MLS) $16,000 MiRealSource-MiMLS
• 2021-03-17 Sold (MLS) $16,000 REALCOMP
• 2021-03-15 Pending — MiRealSource-MiMLS
• 2021-03-15 Pending — REALCOMP
• 2020-08-12 Price Changed $19,900 MiRealSource-MiMLS
• 2020-08-12 Price Changed $19,900 REALCOMP
• 2020-06-18 Listed $24,900 MiRealSource-MiMLS
• 2020-06-18 Listed $24,900 REALCOMP
• 2011-01-27 Sold (MLS) $3,500 MiRealSource-MiMLS
• 2011-01-27 Sold (MLS) $3,500 MiRealSource-MiMLS
• 2011-01-27 Sold (MLS) $3,500 REALCOMP
• 2011-01-07 Listing Removed — REALCOMP
• 2011-01-07 Listed $3,500 MiRealSource-MiMLS
• 2011-01-07 Listed $3,500 REALCOMP
• 2010-11-12 Listed $3,500 REALCOMP
• 2010-11-12 Listed $3,500 MiRealSource-MiMLS
• 2010-03-25 Listing Removed — REALCOMP
• 2010-03-25 Listing Removed — MiRealSource-MiMLS
• 2009-11-16 Listed $19,900 REALCOMP
• 2009-11-16 Listed $19,900 MiRealSource-MiMLS
• 2009-11-03 Sold (MLS) $1,000 MiRealSource-MiMLS
• 2009-11-02 Listing Removed — MiRealSource-MiMLS
• 2009-08-02 Listed $2,690 MiRealSource-MiMLS

Property tax history

+6.5%/yr

Latest (2025): $611 · -54.1% YoY. Source: county tax records.