19358 Evergreen Rd · Detroit, MI 48219

$94,900

2 bd · 1.0 ba · 752 sqft · SingleFamily public records · 30 Days on market

Built 1950 4,356 sqft lot $126/sqft · 43% above area Est $133k · 28% under

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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 +28.8/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Rent growth +4.5/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

Key facts

• 4,356 sq ft lot
• Garage
• Built 1950

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Natural gas water heater
• Home design: Ranch-style single family home; Built in 1950
• Construction: Brick construction; Shingle roof; Living area approximately 1504
• Exterior features: 0.1-acre lot

Interior

• Kitchen: Kitchen (10 x 10)
• Bedrooms: Primary bedroom (11 x 12); Bedroom 2 (11 x 10)
• Bathrooms: 1 full bathroom (4 x 3)
• Heating & cooling: Forced air heating; Has cooling
• Interior features: Insulated windows; Full basement; 5 total rooms
• Laundry & utility: Natural gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $93k (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 rising fast (+8.0%/yr); 305 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); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 34% of the median local income ($44k/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 $656 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 + 8.0% rent growth), your $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $39k; list at $95k implies a 143% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,476 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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: 1.32% ✓
• Cap rate: 10.32%
• Cash-on-cash: 14.40%
• DSCR: 1.64
• GRM: 6.3

CMA / ARV

• ARV (median comp): $132,535
• List price: $94,900
• Delta: -28.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19352 Evergreen Rd	0.01mi	2/1.0	752 (0%)	2mo	$75,000	$100	98
19401 Stout St	0.26mi	2/1.0	750 (-0%)	2mo	$28,000	$37	86
19363 Plainview Ave	0.02mi	3/1.0 (+1)	823 (+9%)	5mo	$55,000	$67	74
19333 Grandville Ave	0.32mi	2/1.0	851 (+13%)	3mo	$45,000	$53	61
19515 Patton St	0.38mi	3/1.0 (+1)	822 (+9%)	4mo	$95,000	$116	58
18723 Warwick St	0.53mi	2/1.0	700 (-7%)	8mo	$54,500	$78	58
18538 Trinity St	0.71mi	3/1.0 (+1)	780 (+4%)	2mo	$46,500	$60	55
18682 Avon Ave	0.71mi	2/1.0	790 (+5%)	8mo	$67,500	$85	52
19177 Stahelin Ave	0.55mi	3/1.0 (+1)	816 (+8%)	5mo	$60,000	$74	51
18498 Heyden ST St	0.48mi	3/1.0 (+1)	842 (+12%)	4mo	$9,000	$11	50
19158 Stahelin Ave	0.58mi	2/1.0	850 (+13%)	6mo	$100,000	$118	46
18724 Greenview Ave	0.75mi	3/1.0 (+1)	839 (+12%)	7mo	$50,000	$60	35

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 10.4%
• Equity multiple: 1.44×
• Total profit: $11,568
• Equity at exit: $14,150

10-year hold

• IRR: 23.3%
• Equity multiple: 3.50×
• Total profit: $66,422
• Equity at exit: $8,205

Cash invested: $26,572 (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 48219

• Home prices YoY: -10.3%
• Rents YoY: 8.0%
• Active inventory: 305
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,251 high
• Mortgage (P&I): −$498
• Tax from tax record: −$132 /mo · $1,586/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $319

Break-even live

Break-even rent $847

Max offer price $94,900

Occupancy floor 70%

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19457 Evergreen Rd Detroit, MI	2.0	1.0	1100	$1,200	$1.09	43d	1	0.07mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	15d	1	0.36mi
19781 Fielding St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	5d	1	0.36mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	5d	1	0.39mi
18556 Kentfield St Detroit, MI	3.0	1.0	952	$1,250	$1.31	2d	1	0.46mi
18699 Shaftsbury Ave Detroit, MI	2.0	1.0	800	$1,000	$1.25	43d	1	0.52mi
18461 Heyden St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	5d	1	0.54mi
18659 Shaftsbury Ave Detroit, MI	3.0	1.0	763	$1,373	$1.80	12d	1	0.55mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	43d	1	0.56mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	43d	1	0.58mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	43d	1	0.62mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	0.65mi
18274 Fielding St Detroit, MI	2.0	1.0	700	$1,200	$1.71	16d	1	0.67mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	16d	1	0.67mi
18191 Heyden St Detroit, MI	2.0	1.0	917	$1,100	$1.20	24d	1	0.70mi
18205 Stout St Detroit, MI	3.0	1.0	901	$1,078	$1.20	24d	1	0.72mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.73mi
18134 Vaughan St Detroit, MI	3.0	1.0	1060	$1,150	$1.08	16d	1	0.74mi
18437 Trinity St Detroit, MI	3.0	1.0	875	$1,364	$1.56	15d	1	0.79mi
21422 Pembroke Ave Detroit, MI	3.0	1.5	1000	$1,695	$1.70	16d	1	0.82mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	24d	1	0.88mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	43d	1	0.99mi
21455 Pickford St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	1.00mi
21434 Karl St Detroit, MI	2.0	1.0	1000	$1,350	$1.35	43d	1	1.00mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	43d	1	1.01mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	15d	1	1.07mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	16d	1	1.07mi
20527 Rosemont Ave Detroit, MI	2.0	2.0	975	$1,528	$1.57	43d	1	1.08mi
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	43d	1	1.10mi
18025 Bentler St Detroit, MI	3.0	1.0	728	$1,250	$1.72	24d	1	1.11mi
21451 Glenco St Detroit, MI	3.0	1.0	1026	$1,400	$1.36	16d	1	1.13mi
18450 Lahser Rd Apt 1 Detroit, MI	1.0	1.0	650	$820	$1.26	5d	1	1.13mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	43d	1	1.14mi
18400 Lahser Rd Detroit, MI	1.0	1.0	620	$950	$1.53	24d	1	1.15mi
19928 Houghton St Detroit, MI	3.0	1.0	880	$1,495	$1.70	11d	1	1.15mi
18350 Lahser Rd Detroit, MI	1.0	1.0	600	$950	$1.58	43d	1	1.16mi
21440 Bennett St Detroit, MI	3.0	1.0	1037	$1,394	$1.34	16d	1	1.19mi
20539 Southfield Rd Detroit, MI	1.0	1.0	700	$800	$1.14	10d	4	1.19mi
22238 Pembroke Ave Detroit, MI	3.0	1.5	1100	$1,500	$1.36	43d	1	1.20mi
20555 Lahser Rd Detroit, MI	1.0–2.0	1.0	737	$975	$1.32	43d	2	1.24mi

Listing history 20 events

1. 2026-06-18
   days on market $94,900 Active 30 DOM
2. 2026-06-17
   status $94,900 Active 29 DOM

   Show marketing remark (208 chars)

   2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

3. 2026-06-07
   statusdays on market $94,900 Pending 29 DOM
4. 2026-06-04
   days on market $94,900 Active - Backup Offers Accepted 27 DOM
5. 2026-06-03
   days on market $94,900 Active - Backup Offers Accepted 26 DOM
6. 2026-06-02
   days on market $94,900 Active - Backup Offers Accepted 25 DOM
7. 2026-06-01
   days on market $94,900 Active - Backup Offers Accepted 24 DOM
8. 2026-06-01
   status $94,900 Active - Backup Offers Accepted 23 DOM
9. 2026-05-31
   days on market $94,900 Active 23 DOM

   Show marketing remark (208 chars)

   2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

10. 2026-05-08
    listed $99,900 Active 208-char remark

    Show marketing remark (208 chars)

    2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

11. 2026-05-08
    listed $99,900 Active 203-char remark

    Show marketing remark (208 chars)

    2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

12. 2026-05-08
    listed $99,900 Active

    Show marketing remark (208 chars)

    2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

13. 2026-05-05
    historical $99,900

    Show marketing remark (208 chars)

    2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

14. 2026-05-05
    historical $99,900 203-char remark

    Show marketing remark (208 chars)

    2Bedrooms, 1Bathroom Brick home with Finish Basment. Complete updates include , New kitchen , Floors, Paints, Basement floors . New Furnace and Much more . Must see with 1 Car Garage and nice Fenced Backyard.

15. 2026-02-11
    soldstatus $39,000 Closed
16. 2026-02-11
    soldstatus $39,000 Closed
17. 2026-01-26
    status Pending
18. 2026-01-26
    status Pending
19. 2026-01-15
    listed $26,000 Active
20. 2026-01-15
    listed $26,000 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: $1,586 · $132/mo
• Projected year-2 tax: $1,586 · $132/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°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: $15,011
• − Mortgage interest: −$5,316
• − Property taxes: −$1,586
• − Insurance: −$474
• − Repairs & maintenance: −$1,201
• − Management: −$1,201
• − Depreciation: −$2,761
• Taxable income: $2,472
• Est. tax owed @ 24.0%: −$593
• After-tax cash flow: $3,233/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): 47,208
• Household income: $43,655
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 3584.0

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 5% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -65.06%
• Current HPI: 563.3263
• Rent YoY: ▲ 8.04%
• 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

+265.0% since first listed

23 events — show timeline

• 2026-06-17 Relisted — REALCOMP
• 2026-06-17 Relisted — MiRealSource-MiMLS
• 2026-06-17 Relisted — SW Michigan MLS
• 2026-06-06 Pending — REALCOMP
• 2026-06-06 Pending — MiRealSource-MiMLS
• 2026-06-06 Pending — SW Michigan MLS
• 2026-05-31 Contingent — REALCOMP
• 2026-05-31 Contingent — MiRealSource-MiMLS
• 2026-05-31 Contingent — SW Michigan MLS
• 2026-05-27 Price Changed $94,900 REALCOMP
• 2026-05-25 Price Changed $94,900 MiRealSource-MiMLS
• 2026-05-25 Price Changed $94,900 SW Michigan MLS
• 2026-05-08 Listed $99,900 REALCOMP
• 2026-05-08 Listed $99,900 SW Michigan MLS
• 2026-05-08 Listed $99,900 MiRealSource-MiMLS
• 2026-05-05 Coming Soon $99,900 MiRealSource-MiMLS
• 2026-05-05 Coming Soon $99,900 SW Michigan MLS
• 2026-02-11 Sold (MLS) $39,000 MiRealSource-MiMLS
• 2026-02-11 Sold (MLS) $39,000 REALCOMP
• 2026-01-26 Pending — MiRealSource-MiMLS
• 2026-01-26 Pending — REALCOMP
• 2026-01-15 Listed $26,000 REALCOMP
• 2026-01-15 Listed $26,000 MiRealSource-MiMLS

Property tax history

+1.3%/yr

Latest (2025): $1,586 · -0.5% YoY. Source: county tax records.