20927 Hawthorne St · Harper Woods, MI 48225

$224,900

3 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 66 Days on market

Built 1948 5,227 sqft lot Est $166k · 35% over ↓ 4% since listing

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Why this score? — see what drove the F 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 +12.3/30.0
• Schools +5.7/10.0
• Rent growth +3.8/5.0
• DSCR +3.7/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

Key facts

• Fenced yard
• Finished basement
• Updated kitchen

Tags

• HARDWOOD FLOORS
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• FINISHED BASEMENT
• FENCED YARD
• TWO-CAR GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-39 ($-471/yr) — negative.
• To cash-flow at today's rent, offer at most $218k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (26.6% below list).
• Recommended offer: $165k (26.6% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 7.7% in Harper Woods — 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 (#199 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, health & safety D+, crime F.
• Grosse Pointe Public Schools (suburban): math 56% / reading 68% proficiency, ranked #24 of 540 in MI (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
• Zoned schools: Parcells Middle School (math 43% / reading 56%, grade C, #127 of 493 statewide, top 26%, 677 students, 36% FRL); Grosse Pointe North High School (math 45% / reading 73%, grade C+, #87 of 713 statewide, top 12%, 1,081 students, 31% FRL) — zoned schools average 33% FRL vs 13% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.1%/yr); 134 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 32% of the median local income ($62k/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 $2k of loan paydown is wiped out by about $7k 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 66 days — a 6% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $165,181 (26.6% 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 66 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.73% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.75%
• DSCR: 0.97
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $166,152
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20842 Ridgemont Rd	0.11mi	3/1.0	1,001 (-3%)	3mo	$85,000	$85	87
20631 Chalon St	0.43mi	3/1.0	1,001 (-3%)	1mo	$255,000	$255	74
20672 Fleetwood Dr	0.47mi	3/1.0	1,031 (-0%)	6mo	$115,000	$112	73
20688 Fleetwood Dr	0.46mi	3/1.0	1,053 (+2%)	3mo	$173,000	$164	72
20871 Van Antwerp St	0.21mi	2/1.5 (-1)	950 (-8%)	3mo	$170,000	$179	67
20624 Sunnyside St	0.64mi	3/1.0	1,025 (-1%)	5mo	$199,000	$194	65
20625 Avalon St	0.71mi	3/1.0	1,000 (-3%)	1mo	$161,445	$161	61
1793 Roslyn Rd	0.51mi	3/1.0	925 (-10%)	2mo	$260,000	$281	57
20860 Ridgemont Rd	0.10mi	4/2.5 (+1)	1,180 (+14%)	4mo	$40,000	$34	57
21813 Rosedale St	0.74mi	3/1.0	948 (-8%)	4mo	$138,000	$146	49
1552 Brys Dr	0.75mi	2/2.0 (-1)	988 (-4%)	3mo	$136,000	$138	46
20506 Lochmoor St	0.67mi	3/1.5	1,170 (+13%)	0mo	$179,550	$153	44

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 · 5.1% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.44×
• Total profit: $-35,486
• Equity at exit: $33,533

10-year hold

• IRR: -4.3%
• Equity multiple: 0.69×
• Total profit: $-19,281
• Equity at exit: $19,445

Cash invested: $62,972 (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 48225

• Rents YoY: 5.1%
• Active inventory: 134
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,652 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$71 /mo · $853/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $-39

Break-even live

Break-even rent $1,702

Max offer price $217,962

Occupancy floor 97%

Sensitivity live

Price	-10% $88	-5% $24	+0% $-39	+5% $-103	+10% $-167
Rent	-10% $-170	-5% $-105	+0% $-39	+5% $26	+10% $91
Rate	-1.0pp $74	-0.5pp $18	base $-39	+0.5pp $-98	+1.0pp $-157

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2175 Ridgemont Rd Grosse Pointe Woods, MI	2.0	1.0	1100	$1,300	$1.18	45d	1	0.17mi
2037 Vernier Rd Grosse Pointe Woods, MI	2.0	1.0	850	$1,350	$1.59	45d	1	0.29mi
1992 Hawthorne Rd Grosse Pointe Woods, MI	3.0	2.0	1071	$2,100	$1.96	11d	1	0.30mi
20270 Hollywood St Harper Woods, MI	3.0	1.0	1228	$1,650	$1.34	0d	1	0.46mi
20600 Balfour St Harper Woods, MI	1.0–2.0	1.0–2.0	971	$1,640	$1.69	0d	14	0.67mi
20015 Lochmoor St Harper Woods, MI	3.0	1.0	1006	$1,500	$1.49	18d	1	0.76mi
22126 Alger St Saint Clair Shores, MI	2.0	1.5	1060	$1,750	$1.65	12d	1	0.85mi
21727 California St Saint Clair Shores, MI	3.0	2.0	1368	$1,925	$1.41	0d	1	0.93mi
22307 Greater Mack Ave St Clair Shores, MI	2.0	1.0	806	$1,195	$1.48	4d	1	1.02mi
1150 Anita Ave Grosse Pointe Woods, MI	3.0	1.5	1129	$2,600	$2.30	11d	1	1.08mi
20625 Elizabeth St Saint Clair Shores, MI	3.0	2.0	1074	$1,895	$1.76	45d	1	1.11mi
22615 Maxine St Saint Clair Shores, MI	3.0	1.0	950	$1,495	$1.57	0d	1	1.17mi
22411 Oconnor St Saint Clair Shores, MI	2.0	1.0	950	$1,250	$1.32	45d	1	1.36mi
22617 Oconnor St Saint Clair Shores, MI	3.0	1.0	923	$2,000	$2.17	0d	1	1.41mi
23124 Grove St Saint Clair Shores, MI	3.0	1.0	1129	$2,000	$1.77	0d	1	1.43mi

Listing history 22 events

1. 2026-04-27
   status Pending

   Show marketing remark (937 chars)

   Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

2. 2026-04-27
   status Pending 937-char remark

   Show marketing remark (937 chars)

   Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

3. 2026-04-20
   historical Accepting Backup Offers 937-char remark

   Show marketing remark (937 chars)

   Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

4. 2026-04-20
   historical Active Under Contract

   Show marketing remark (937 chars)

   Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

5. 2026-03-19
   price $224,900 937-char remark

   Show marketing remark (937 chars)

   Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

6. 2026-03-18
   price $224,900
7. 2026-03-06
   price $234,500 937-char remark

   Show marketing remark (937 chars)

   Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

8. 2026-03-05
   price $234,500
9. 2026-03-03
   price $234,600 937-char remark

   Show marketing remark (937 chars)

   Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

10. 2026-03-03
    price $234,600

    Show marketing remark (937 chars)

    Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

11. 2026-02-27
    price $234,700 937-char remark

    Show marketing remark (937 chars)

    Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

12. 2026-02-26
    price $234,700
13. 2026-02-25
    price $234,800 937-char remark

    Show marketing remark (937 chars)

    Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

14. 2026-02-24
    price $234,800
15. 2026-02-20
    listed $234,900 Active

    Show marketing remark (937 chars)

    Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

16. 2026-02-20
    listed $234,900 Active 937-char remark

    Show marketing remark (937 chars)

    Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

17. 2026-02-20
    historical

    Show marketing remark (937 chars)

    Spring is here - making this the perfect time to secure your home! Don't miss this amazing opportunity to own a well-maintained 3-bedroom, 2-full-bath bungalow in Harper Woods with Grosse Pointe Schools. Hardwood floors are located beneath the carpeting throughout the main level. The updated kitchen is equipped with stainless steel appliances, new microwave (2025), stove (2021), dishwasher (2021), and refrigerator (2021). Other updates include a new water heater (2024), furnace and A/C (2018) new washer (2025) and a new dryer (2023). The finished basement adds valuable additional living space with a full bathroom - perfect for entertaining, relaxing, or extra storage. Step outside to a fenced yard with a shed and a two-car garage. Pride of ownership shines throughout. Conveniently located near shopping, dining, parks, and easy freeway access. As the market heats up this spring, this is an opportunity you won't want to miss!

18. 2026-01-29
    price $234,900
19. 2026-01-29
    price $234,900
20. 2026-01-15
    listed $235,000 Active
21. 2026-01-15
    listed $235,000 Active
22. 2026-01-15
    historical

ⓘ 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: $853 · $71/mo
• Projected year-2 tax: $2,158 · $180/mo
• Expected delta: +$1,305/yr (+$109/mo · 153.0%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,822
• − Mortgage interest: −$12,598
• − Property taxes: −$853
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − Depreciation: −$6,543
• Taxable loss: −$4,468
• Est. tax savings @ 24.0%: +$1,072
• After-tax cash flow: $601/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: Grosse Pointe Public Schools
• NCES district ID: 2625740
• Math proficiency: 56% ▼ -2.00%
• Reading proficiency: 68% ▲ 2.00%
• Median HH income: $89,975
• Composite: 56.51/100
• National rank: #1152
• State rank: #24 of 540 in MI

Livability — Harper Woods

• Score: 73/100
• State rank: #199
• US rank: #5054

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harper Woods, MI
• County: Wayne County · 1,562,939 people
• City population: 16,098
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 16,098
• Household income: $61,750
• Rent vs Own: 33.8% rent · 66.2% own
• Severe rent burden: 410.0

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 (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Lithuanian 1% German 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Arabic 2% Spanish 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: ▼ -150.40%
• Current HPI: 181.4961
• Rent YoY: ▲ 5.10%
• 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

-4.3% since first listed

22 events — show timeline

• 2026-04-27 Pending — REALCOMP
• 2026-04-27 Pending — MiRealSource-MiMLS
• 2026-04-20 Contingent — MiRealSource-MiMLS
• 2026-04-20 Contingent — REALCOMP
• 2026-03-19 Price Changed $224,900 MiRealSource-MiMLS
• 2026-03-18 Price Changed $224,900 REALCOMP
• 2026-03-06 Price Changed $234,500 MiRealSource-MiMLS
• 2026-03-05 Price Changed $234,500 REALCOMP
• 2026-03-03 Price Changed $234,600 MiRealSource-MiMLS
• 2026-03-03 Price Changed $234,600 REALCOMP
• 2026-02-27 Price Changed $234,700 MiRealSource-MiMLS
• 2026-02-26 Price Changed $234,700 REALCOMP
• 2026-02-25 Price Changed $234,800 MiRealSource-MiMLS
• 2026-02-24 Price Changed $234,800 REALCOMP
• 2026-02-20 Listed $234,900 REALCOMP
• 2026-02-20 Listing Removed — MiRealSource-MiMLS
• 2026-02-20 Listed $234,900 MiRealSource-MiMLS
• 2026-01-29 Price Changed $234,900 MiRealSource-MiMLS
• 2026-01-29 Price Changed $234,900 REALCOMP
• 2026-01-15 Listed $235,000 MiRealSource-MiMLS
• 2026-01-15 Listed $235,000 REALCOMP
• 2026-01-15 Coming Soon — MiRealSource-MiMLS

Property tax history

-7.8%/yr

Latest (2025): $853 · -70.3% YoY. Source: county tax records.