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19358 Evergreen Rd
A- Composite 81.67
Why this score? — see what drove the A- 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
  • ARV discount +15.0/15.0
  • DSCR +10.0/10.0
  • 1% rule +9.3/10.0
  • Appreciation +5.0/10.0
  • Condition / age +3.8/5.0
  • Livability +3.7/5.0
  • Rent growth +2.5/5.0
  • Schools +2.5/10.0

$89,000

19358 Evergreen Rd · Detroit, MI 48219 2680
2 bd · 1.0 ba · 752 sqft · SingleFamily public records · 24 Days on market
Built 1950 Good condition 4,356 sqft lot 1-car garage $118/sqft · 33% above area Est $134k · 34% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome home to this beautifully renovated 2-bedroom, 1-bath brick ranch with a newly finished basement, located in Northwest Detroit near Evergreen Road. Completely remodeled in 2026, this move-in-ready home offers nearly 1,400 square feet of finished living space and features quality updates throughout, including a brand-new kitchen, new flooring, fresh interior paint, and a new furnace. The newly finished basement provides valuable additional living space, making it ideal for a family room, home office, fitness area, recreation room, or entertaining guests. Outside, you'll find a 1-car detached garage and a fully fenced backyard, offering plenty of space for outdoor enjoyment, children, pets, and gatherings. Conveniently located near schools, shopping, dining, parks, major roadways, and the Southfield Freeway, this home combines modern updates with an excellent location for easy commuting and everyday convenience. This solid brick home has been thoughtfully remodeled from top to bottom, leaving nothing to do but move in and enjoy. Whether you're a first-time homebuyer, looking to downsize, or searching for a turnkey investment opportunity, this exceptional home is one you won't want to miss. Schedule your private showing today!

Key facts

  • Brand new kitchen
  • Excellent location
  • 4,356 sq ft lot

Tags

REMODELED BRICK RANCHNEWLY FINISHED BASEMENTBRAND NEW KITCHENFULLY FENCED BACKYARDEXCELLENT LOCATION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath single-family listed at $89k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $371 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $89k).
  • Recommended offer: $88k (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: 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.
  • Zoned schools: Emerson Elementarymiddle School (519 students, 90% FRL); Henry Ford High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 712 students, 86% FRL) — zoned schools at 88% FRL track the district average.
  • Market conditions: 1 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 54d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

  • In year one you build about $3k of equity ($615 loan paydown + $3k appreciation (3.0% 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 (3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~4 years — after that, you're playing with house money.
  • By year 10, 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 24 days — a 2% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
  • 10 sale attempts; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $39k; list at $89k implies a 128% 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 $87,665 (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
1.43%
Cap rate
11.29%
Cash-on-cash
17.86%
DSCR
1.79
GRM
5.8

CMA / ARV

ARV (median comp)
$134,038
List price
$89,000
Delta
-29.20%
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%) 3mo $75,000 $100 97
19358 Evergreen Rd 0.00mi 2/1.0 752 (0%) 6mo $39,000 $52 95
19401 Stout St 0.26mi 2/1.0 750 (-0%) 4mo $28,000 $37 85
19363 Plainview Ave 0.02mi 3/1.0 (+1) 823 (+9%) 6mo $55,000 $67 73
18935 Huntington Rd 0.42mi 3/1.0 (+1) 731 (-3%) 1mo $55,000 $75 70
18447 Fielding St 0.60mi 2/1.0 756 (+0%) 2mo $65,000 $86 70
19333 Grandville Ave 0.32mi 2/1.0 851 (+13%) 5mo $45,000 $53 59
19515 Patton St 0.38mi 3/1.0 (+1) 822 (+9%) 6mo $95,000 $116 57
18538 Trinity St 0.71mi 3/1.0 (+1) 780 (+4%) 3mo $46,500 $60 53
19177 Stahelin Ave 0.55mi 3/1.0 (+1) 816 (+8%) 6mo $60,000 $74 50
18498 Heyden ST St 0.48mi 3/1.0 (+1) 842 (+12%) 6mo $9,000 $11 48
19130 Trinity St 0.59mi 3/1.0 (+1) 855 (+14%) 2mo $127,000 $149 43

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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
24.3%
Equity multiple
2.38×
Total profit
$34,371
Equity at exit
$40,018
10-year hold
IRR
25.1%
Equity multiple
4.58×
Total profit
$89,317
Equity at exit
$61,673

Cash invested: $24,920 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
37 active · 20 under contract
Months of supply
8.9 mo (11%/mo absorbed)
Median asking
$65,000 ($82/sqft)
Median days on market
50 d
This list price
78% of active listings are priced below it
ARV vs active asking
+118.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 48219 2680

Active inventory
1
Price-to-rent
5.8×

Monthly cashflow live

Estimated rent
$1,274 high interval (Pro) →
Mortgage (P&I)
$467
Tax from tax record
$132 /mo · $1,586/yr
Insurance
$37
HOA
$0
Vacancy / Maint / Mgmt
$268
Net cashflow
$371

Break-even live

Break-even rent $805
Max offer price $89,000
Occupancy floor 66%

Sensitivity live

Price -10% $421 -5% $396 +0% $371 +5% $346 +10% $320
Rent -10% $270 -5% $320 +0% $371 +5% $421 +10% $471
Rate -1.0pp $416 -0.5pp $393 base $371 +0.5pp $348 +1.0pp $324

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
$22,250
Closing costs
$2,670
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
19457 Evergreen Rd Detroit, MI 2.0 1.0 1100 $1,200 $1.09 93d 1 0.07mi
19350 Huntington Rd Detroit, MI 3.0 1.0 1042 $1,300 $1.25 27d 1 0.30mi
19350 Huntington Rd Detroit, MI 3.0 1.0 1042 $1,300 $1.25 42d 1 0.30mi
19372 Grandville Ave Detroit, MI 2.0 1.5 733 $995 $1.36 21d 1 0.36mi
19781 Fielding St Detroit, MI 3.0 1.0 1000 $1,276 $1.28 42d 1 0.36mi
19176 Grandville Ave Detroit, MI 3.0 1.0 941 $1,300 $1.38 54d 1 0.39mi
19152 Grandville Ave Detroit, MI 3.0 1.0 997 $1,500 $1.50 23d 1 0.40mi
19035 Fielding St Detroit, MI 3.0 1.0 879 $1,300 $1.48 36d 1 0.40mi
18556 Kentfield St Detroit, MI 3.0 1.0 952 $1,250 $1.31 52d 1 0.46mi
18699 Shaftsbury Ave Detroit, MI 2.0 1.0 800 $1,000 $1.25 93d 1 0.52mi
18461 Heyden St Detroit, MI 2.0 1.0 1000 $1,050 $1.05 54d 1 0.54mi
18659 Shaftsbury Ave Detroit, MI 3.0 1.0 763 $1,323 $1.73 47d 1 0.55mi
19329 Stahelin Ave Unit 1 Detroit, MI 3.0 1.5 833 $1,250 $1.50 93d 1 0.56mi
18450 Stout St Detroit, MI 3.0 1.0 923 $1,150 $1.25 31d 1 0.57mi
18450 Edinborough Rd Detroit, MI 3.0 1.0 1000 $1,500 $1.50 93d 1 0.58mi
19445 Avon Ave Detroit, MI 3.0 1.0 1023 $1,550 $1.52 93d 1 0.62mi
19455 Avon Ave Detroit, MI 3.0 1.0 1023 $1,500 $1.47 21d 1 0.62mi
20271 Grandville Ave Detroit, MI 3.0 1.0 1010 $1,550 $1.53 73d 1 0.65mi
18274 Fielding St Detroit, MI 2.0 1.0 700 $1,200 $1.71 66d 1 0.67mi
18452 Shaftsbury Ave Detroit, MI 3.0 1.0 927 $1,500 $1.62 66d 1 0.67mi
18191 Heyden St Detroit, MI 2.0 1.0 917 $1,100 $1.20 73d 1 0.70mi
20200 Burt Rd Detroit, MI 3.0 1.5 1025 $1,500 $1.46 31d 1 0.71mi
18205 Stout St Detroit, MI 3.0 1.0 901 $1,025 $1.14 29d 1 0.72mi
20011 Avon Ave Detroit, MI 3.0 1.0 1000 $1,200 $1.20 54d 1 0.73mi
18134 Vaughan St Detroit, MI 3.0 1.0 1060 $1,150 $1.08 66d 1 0.74mi
18437 Trinity St Detroit, MI 3.0 1.0 875 $1,346 $1.54 29d 1 0.79mi
18760 Faust Ave Detroit, MI 2.0 1.0 742 $1,350 $1.82 17d 1 0.82mi
21422 Pembroke Ave Detroit, MI 3.0 1.5 1000 $1,695 $1.70 66d 1 0.82mi
20068 Faust Ave Detroit, MI 2.0 1.0 750 $1,100 $1.47 73d 1 0.88mi
20230 Faust Ave Detroit, MI 3.0 1.0 1085 $1,350 $1.24 38d 1 0.93mi
20230 Faust Ave Detroit, MI 3.0 1.0 1085 $1,350 $1.24 16d 1 0.93mi
19286 Lahser Rd Detroit, MI 2.0 1.0 890 $995 $1.12 42d 1 0.98mi
20261 Glastonbury Rd Detroit, MI 3.0 1.5 999 $1,500 $1.50 23d 1 0.98mi
17654 Sunderland Rd Detroit, MI 3.0 1.0 1100 $1,500 $1.36 93d 1 0.99mi
21455 Pickford St Detroit, MI 2.0 1.0 1000 $1,275 $1.27 93d 1 1.00mi
21434 Karl St Detroit, MI 2.0 1.0 1000 $1,350 $1.35 93d 1 1.00mi
19970 Ashton Ave Detroit, MI 3.0 1.0 1000 $1,000 $1.00 93d 1 1.01mi
19425 Fenmore St Detroit, MI 2.0 1.0 720 $1,225 $1.70 12d 1 1.04mi
19918 Southfield Fwy Detroit, MI 3.0 1.0 915 $1,375 $1.50 64d 1 1.07mi
18494 Ashton Ave Detroit, MI 3.0 1.0 1000 $1,600 $1.60 66d 1 1.07mi

Property features AI

Exterior

Parking
Detached 1-car garagePaved driveway
Utilities
Public waterPublic sewer
Home design
Single-family residenceOne levelGround-level entry with steps
Construction
Brick and asphalt constructionBlock foundationBuilt with asphalt roof
Exterior features
Covered porch

Interior

Bedrooms
4 total rooms
Bathrooms
1 full bathroom
Heating & cooling
Forced air heating (natural gas)Central air conditioning
Interior features
Finished basementGas water heater

Listing history 45 events

  1. 2026-08-08
    days on market $89,000 Active 24 DOM
  2. 2026-08-06
    days on market $89,000 Active 22 DOM
  3. 2026-08-05
    days on market $89,000 Active 21 DOM
  4. 2026-08-04
    days on market $89,000 Active 20 DOM
  5. 2026-08-03
    days on market $89,000 Active 19 DOM
  6. 2026-07-31
    days on market $89,000 Active 16 DOM
  7. 2026-07-30
    pricedays on market $89,000 Active 15 DOM
  8. 2026-07-30
    days on market $99,000 Active 14 DOM
  9. 2026-07-28
    days on market $99,000 Active 13 DOM
  10. 2026-07-26
    days on market $99,000 Active 11 DOM
  11. 2026-07-24
    days on market $99,000 Active 9 DOM
  12. 2026-07-23
    listing id $99,000 Active 8 DOM
  13. 2026-07-23
    days on market $99,000 Active 8 DOM
  14. 2026-07-22
    days on market $99,000 Active 7 DOM
  15. 2026-07-21
    days on market $99,000 Active 6 DOM
  16. 2026-07-20
    days on market $99,000 Active 5 DOM
  17. 2026-07-18
    days on market $99,000 Active 3 DOM
  18. 2026-07-18
    days on market $99,000 Active 2 DOM
  19. 2026-07-15
    remarks 699-char remark
  20. 2026-07-15
    pricedays on marketlisting id $99,000 Active 1 DOM
  21. 2026-06-27
    days on market $94,900 Active 39 DOM
  22. 2026-06-26
    days on market $94,900 Active 38 DOM
  23. 2026-06-24
    days on market $94,900 Active 36 DOM
  24. 2026-06-22
    days on market $94,900 Active 34 DOM
  25. 2026-06-21
    days on market $94,900 Active 33 DOM
  26. 2026-06-18
    days on market $94,900 Active 30 DOM
  27. 2026-06-17
    status $94,900 Active 29 DOM
  28. 2026-06-07
    statusdays on market $94,900 Pending 29 DOM
  29. 2026-06-04
    days on market $94,900 Active - Backup Offers Accepted 27 DOM
  30. 2026-06-03
    days on market $94,900 Active - Backup Offers Accepted 26 DOM
  31. 2026-06-02
    days on market $94,900 Active - Backup Offers Accepted 25 DOM
  32. 2026-06-01
    days on market $94,900 Active - Backup Offers Accepted 24 DOM
  33. 2026-06-01
    status $94,900 Active - Backup Offers Accepted 23 DOM
  34. 2026-05-31
    days on market $94,900 Active 23 DOM
  35. 2026-05-08
    listed $99,900 Active 208-char remark
  36. 2026-05-08
    listed $99,900 Active 203-char remark
  37. 2026-05-08
    listed $99,900 Active
  38. 2026-05-05
    historical $99,900
  39. 2026-05-05
    historical $99,900 203-char remark
  40. 2026-02-11
    soldstatus $39,000 Closed
  41. 2026-02-11
    soldstatus $39,000 Closed
  42. 2026-01-26
    status Pending
  43. 2026-01-26
    status Pending
  44. 2026-01-15
    listed $26,000 Active
  45. 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 1/10 Low FEMA zone X (unshaded) · 0% 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$15,293
− Mortgage interest
−$4,985
− Property taxes
−$1,586
− Insurance
−$445
− Repairs & maintenance
−$1,223
− Management
−$1,223
− Depreciation
−$2,589
Taxable income
$3,241
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$778
After-tax cash flow
$3,672/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.

Condition & rehab AI · 10 photos

Good 75/100 Cosmetic rehab Est. rehab $3,760–$11,280 screening

This home has been updated with a new kitchen and furnace, presenting a good condition with minor exterior maintenance needed. It is move-in ready and has the potential for further value increases through minor cosmetic improvements.

Repairs flagged

  • Minor Siding — Some discoloration is visible, but no major damage.

Value-add opportunities

  • Resale Paint touch-ups — Fresh paint enhances curb appeal and can increase the home's value.
  • Both Landscaping — A well-maintained yard can improve both resale and rental value.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 24/100

Zoned Schools

Elementary Emerson Elementarymiddle School High Henry Ford High School F MI #481/713 Nat'l #12,478/17,239

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
B Composite livability gradescore 73/100

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

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%

Not yet ingested

Political lean
Race & ethnicity
Common origin
Civics

Price history

+280.8% since first listed
25 events — show timeline
  • 2026-07-14 Listed $99,000 REALCOMP
  • 2026-07-14 Listed $99,000 MiRealSource-MiMLS
  • 2026-06-27 Listing Removed MiRealSource-MiMLS
  • 2026-06-17 Relisted REALCOMP
  • 2026-06-17 Relisted MiRealSource-MiMLS
  • 2026-06-06 Pending REALCOMP
  • 2026-06-06 Pending MiRealSource-MiMLS
  • 2026-06-06 Listing Removed Greater Lansing AoR
  • 2026-05-31 Contingent REALCOMP
  • 2026-05-31 Contingent MiRealSource-MiMLS
  • 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 MiRealSource-MiMLS
  • 2026-05-05 Coming Soon MiRealSource-MiMLS
  • 2026-05-05 Listed $94,900 Greater Lansing AoR
  • 2026-02-11 Sold (MLS) $39,000 REALCOMP
  • 2026-02-11 Sold (MLS) $39,000 MiRealSource-MiMLS
  • 2026-02-11 Sold (MLS) $39,000 Greater Lansing AoR
  • 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
  • 2026-01-15 Listed $26,000 Greater Lansing AoR

Property tax history

+1.3%/yr

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

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…