🏷️ Likely Rental
16171 Santa Rosa Dr · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 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 +27.3/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +9.5/10.0
- Livability +3.7/5.0
- Rent growth +3.4/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$89,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Opportunity knocks in one of Detroit's most actively revitalized corridors. This 3-bedroom, 1.5-bath home in the Fitzgerald neighborhood offers a great opportunity for a first time home buyer and a proven rental history for a savvy investor. This property has rented for $1,300+ /month since 2022 and with light touches can command even more today. Delivering 10% + cash on cash returns at a sub $100K acquisition price. The home was updated in recent years, giving the next owner a head start with key improvements already in place. A few minor finishing touches are all that stand between this property maximizing its full potential. What truly sets this listing apart is its location. The Fitzgerald neighborhood has been the focus of a major city led revitalization effort backed by the City of Detroit, the Kresge Foundation, Knight Foundation, and other major partners all investing in improving infrastructure, green space, and housing stock in this very area. The newly created Ella Fitzgerald Park and community murals are already transforming the neighborhood's look and feel, and Fitzgerald is recognized as one of Detroit's most affordable neighborhoods with a strong mix of long-time residents and newcomers. This is exactly the kind of stable, in-demand rental base investors want. The math works. The neighborhood is moving. Don't miss your window.
Key facts
- 3,920 sq ft lot
- 2 garage spots
- Built 1926
Property features AI
Exterior
- Parking: Detached garage; Driveway; 2 garage spaces
- Utilities: Public water; Public sewer
- Home design: Single family residence; Two levels; Ground-level entry with steps; Brick and vinyl siding exterior; Faces unspecified direction
- Construction: Asphalt roof; Block foundation
- Exterior features: Paved road access; Lot dimensions approximately 35 x 111 (0.09 acres); No pool
Interior
- Kitchen: Free‑standing gas range; Free‑standing refrigerator
- Bedrooms: 3 total rooms (includes bedrooms and other rooms)
- Bathrooms: 1 full bathroom; 1 half bathroom
- Heating & cooling: Forced air heating (natural gas); Ceiling fan(s); No central air
- Interior features: Stainless steel appliances; Gas water heater
- Laundry & utility: Has basement (unfinished)
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $90k.
Deal economics
- At list price, monthly cash flow is $260 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $90k).
- Recommended offer: $87k (3.0% 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 (+3.4%/yr); 349 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $622 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 + 3.4% rent growth), your $25k cash investment doubles in ~9 years — after that, you're playing with house money.
Negotiation context
- It's been on market 31 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 4y ago; 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 $65k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: property tax is 4.3% of price; built in 1926 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 1.53% ✓
- Cap rate
- 9.77%
- Cash-on-cash
- 12.41%
- DSCR
- 1.55
- GRM
- 5.4
CMA / ARV
- ARV (on-the-fly)
- $154,336
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 16143 Monica St | 0.06mi | 4/2.0 (+1) | 1,500 (+3%) | 2mo | $175,000 | $117 | 82 |
| 16811 Stoepel St | 0.28mi | 3/2.0 | 1,500 (+3%) | 5mo | $138,000 | $92 | 74 |
| 16180 Wildemere St | 0.55mi | 3/1.5 | 1,454 (-0%) | 2mo | $115,000 | $79 | 70 |
| 16141 Wildemere St | 0.52mi | 3/1.5 | 1,448 (-0%) | 5mo | $165,000 | $114 | 69 |
| 16533 Parkside St | 0.60mi | 3/2.0 | 1,500 (+3%) | 2mo | $205,000 | $137 | 62 |
| 16659 Lilac St | 0.33mi | 3/2.0 | 1,296 (-11%) | 1mo | $40,000 | $31 | 61 |
| 17421 Quincy St | 0.70mi | 3/1.5 | 1,474 (+1%) | 2mo | $234,500 | $159 | 61 |
| 16204 Wisconsin St | 0.69mi | 3/1.5 | 1,536 (+6%) | 1mo | $163,000 | $106 | 56 |
| 15703 Northlawn St | 0.64mi | 4/1.0 (+1) | 1,365 (-6%) | 5mo | $70,000 | $51 | 51 |
| 16161 Roselawn St | 0.48mi | 3/1.5 | 1,666 (+14%) | 1mo | $169,000 | $101 | 50 |
| 15379 Woodingham Dr | 0.59mi | 4/1.0 (+1) | 1,300 (-11%) | 4mo | $7,000 | $5 | 46 |
| 17127 Woodingham Dr | 0.59mi | 3/2.0 | 1,623 (+12%) | 4mo | $215,000 | $132 | 46 |
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 · 3.44% rent growth · sell at horizon
- IRR
- 2.8%
- Equity multiple
- 1.11×
- Total profit
- $2,772
- Equity at exit
- $13,404
- IRR
- 13.0%
- Equity multiple
- 2.07×
- Total profit
- $26,902
- Equity at exit
- $7,773
Cash invested: $25,172 (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 48221
- Rents YoY
- 3.4%
- Active inventory
- 349
- Price-to-rent
- 5.4×
Monthly cashflow live
- Estimated rent
- $1,379 high interval (Pro) →
- Mortgage (P&I)
- −$471
- Tax from tax record
- −$320 /mo · $3,840/yr
- Insurance
- −$37
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$290
- Net cashflow
- $260
Break-even live
Sensitivity live
| Price | -10% $311 | -5% $286 | +0% $260 | +5% $235 | +10% $209 |
|---|---|---|---|---|---|
| Rent | -10% $151 | -5% $206 | +0% $260 | +5% $315 | +10% $369 |
| Rate | -1.0pp $306 | -0.5pp $283 | base $260 | +0.5pp $237 | +1.0pp $213 |
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
- $22,475
- Closing costs
- $2,697
- 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 |
|---|---|---|---|---|---|---|---|---|
| 16582 Santa Rosa Dr Detroit, MI | 3.0 | 1.0 | 1314 | $1,399 | $1.06 | 19d | 1 | 0.18mi |
| 16255 Lilac St Detroit, MI | 3.0 | 1.0 | 1312 | $1,394 | $1.06 | 19d | 1 | 0.23mi |
| 7350 Globe St Detroit, MI | 3.0 | 1.0 | 1000 | $1,550 | $1.55 | 5d | 1 | 0.29mi |
| 16722 Tuller St Detroit, MI | 3.0 | 1.5 | 1100 | $1,500 | $1.36 | 18d | 1 | 0.39mi |
| 15771 Turner St Detroit, MI | 2.0 | 1.0 | 1000 | $1,049 | $1.05 | 45d | 1 | 0.39mi |
| 17145 Santa Rosa Dr Unit 1 Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 19d | 1 | 0.47mi |
| 17147 Monica St Unit 2 1 Detroit, MI | 2.0 | 1.0 | 900 | $975 | $1.08 | 26d | 1 | 0.48mi |
| 17163 Prairie St Unit 1B Detroit, MI | 3.0 | 1.5 | 1317 | $1,350 | $1.03 | 45d | 1 | 0.51mi |
| 16834 Fairfield St Detroit, MI | 2.0 | 1.0 | 1516 | $1,363 | $0.90 | 26d | 1 | 0.51mi |
| 17215 Warrington Dr Detroit, MI | 2.0 | 1.0 | 1015 | $2,000 | $1.97 | 45d | 1 | 0.56mi |
| 15457 Cloverlawn St Detroit, MI | 3.0 | 2.0 | 1500 | $1,275 | $0.85 | 26d | 1 | 0.63mi |
| 15791 Cherrylawn St Detroit, MI | 2.0 | 1.0 | 1792 | $1,100 | $0.61 | 45d | 1 | 0.64mi |
| 15906 Alden St Detroit, MI | 3.0 | 1.0 | 1030 | $1,150 | $1.12 | 18d | 1 | 0.65mi |
| 16546 Wisconsin St Detroit, MI | 3.0 | 1.0 | 1577 | $1,500 | $0.95 | 45d | 1 | 0.71mi |
| 17368 Woodingham Dr Detroit, MI | 3.0 | 1.5 | 1200 | $1,800 | $1.50 | 45d | 1 | 0.71mi |
| 16183 Wisconsin St Detroit, MI | 3.0 | 1.5 | 1370 | $1,400 | $1.02 | 45d | 1 | 0.72mi |
| 17551 Santa Rosa Dr Detroit, MI | 2.0 | 1.0 | 1036 | $1,095 | $1.06 | 45d | 1 | 0.73mi |
| 16174 Princeton St Unit 2 Detroit, MI | 2.0 | 1.0 | 985 | $1,100 | $1.12 | 45d | 1 | 0.73mi |
| 16174 Princeton St Detroit, MI | 2.0 | 1.0 | 985 | $1,100 | $1.12 | 21d | 1 | 0.73mi |
| 17159 Northlawn St Unit 17161 Detroit, MI | 2.0 | 1.0 | 1122 | $975 | $0.87 | 6d | 1 | 0.74mi |
| 15777 Wisconsin St Unit 77 Detroit, MI | 2.0 | 1.0 | 900 | $950 | $1.06 | 6d | 1 | 0.75mi |
| 16230 Indiana St Unit 2 Detroit, MI | 2.0 | 1.0 | 1050 | $1,200 | $1.14 | 19d | 1 | 0.75mi |
| 17195 Northlawn St #1 Detroit, MI | 2.0 | 1.0 | 1200 | $1,100 | $0.92 | 21d | 1 | 0.76mi |
| 17195 Northlawn St #2 Detroit, MI | 2.0 | 1.0 | 1200 | $1,050 | $0.88 | 26d | 1 | 0.76mi |
| 17596 Santa Rosa Dr Detroit, MI | 2.0 | 1.0 | 1350 | $1,195 | $0.89 | 45d | 1 | 0.77mi |
| 17596 Santa Rosa Dr Unit 2 Detroit, MI | 2.0 | 1.0 | 1350 | $1,195 | $0.89 | 26d | 1 | 0.77mi |
| 15345 Parkside St Detroit, MI | 3.0 | 1.0 | 1152 | $1,300 | $1.13 | 45d | 1 | 0.78mi |
| 17530 Roselawn St Unit 1 Detroit, MI | 3.0 | 2.0 | 1600 | $2,000 | $1.25 | 26d | 1 | 0.85mi |
| 2521 W McNichols Rd Unit B2 Detroit, MI | 2.0 | 1.0 | 1300 | $1,250 | $0.96 | 45d | 1 | 0.95mi |
| 15765 Washburn St Unit 15767 Washburn Upper Detroit, MI | 2.0 | 1.0 | 1093 | $950 | $0.87 | 0d | 1 | 0.97mi |
| 16889 Washburn St Detroit, MI | 3.0 | 1.5 | 1300 | $1,100 | $0.85 | 19d | 1 | 1.01mi |
| 14656 Roselawn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 19d | 1 | 1.01mi |
| 16934 Ilene St Detroit, MI | 3.0 | 1.5 | 1516 | $1,400 | $0.92 | 21d | 1 | 1.05mi |
| 16927 Inverness St Detroit, MI | 2.0 | 1.0 | 897 | $1,650 | $1.84 | 18d | 1 | 1.08mi |
| 15708 Birwood St Detroit, MI | 3.0 | 1.0 | 1255 | $1,100 | $0.88 | 6d | 1 | 1.12mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 18d | 1 | 1.15mi |
| 15512 Mendota St Detroit, MI | 2.0 | 1.0 | 931 | $1,200 | $1.29 | 6d | 1 | 1.18mi |
| 15512 Mendota St Apt 2 Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 45d | 1 | 1.18mi |
| Ohio St Unit 4 Detroit, MI | 4.0 | 1.5 | 1400 | $750 | $0.54 | 45d | 1 | 1.25mi |
| 2034 Ewald Cir Detroit, MI | 2.0 | 1.0 | 1000 | $995 | $0.99 | 6d | 1 | 1.26mi |
Listing history 32 events
-
2026-06-21days on market $89,900 Active 31 DOM
-
2026-06-18days on market $89,900 Active 28 DOM
-
2026-06-17pricedays on market $89,900 Active 27 DOM
-
2026-06-15days on market $99,900 Active 25 DOM
-
2026-06-13days on market $99,900 Active 23 DOM
-
2026-06-13days on market $99,900 Active 22 DOM
-
2026-06-09days on market $99,900 Active 19 DOM
-
2026-06-08days on market $99,900 Active 18 DOM
-
2026-06-07days on market $99,900 Active 17 DOM
-
2026-06-04days on market $99,900 Active 14 DOM
-
2026-06-03days on market $99,900 Active 13 DOM
-
2026-06-02days on market $99,900 Active 12 DOM
-
2026-06-01days on market $99,900 Active 11 DOM
-
2026-05-31days on market $99,900 Active 10 DOM
-
2026-05-21$99,900 Active 1363-char remark
Show marketing remark (1363 chars)
Opportunity knocks in one of Detroit's most actively revitalized corridors. This 3-bedroom, 1.5-bath home in the Fitzgerald neighborhood offers a great opportunity for a first time home buyer and a proven rental history for a savvy investor. This property has rented for $1,300+ /month since 2022 and with light touches can command even more today. Delivering 10% + cash on cash returns at a sub $100K acquisition price. The home was updated in recent years, giving the next owner a head start with key improvements already in place. A few minor finishing touches are all that stand between this property maximizing its full potential. What truly sets this listing apart is its location. The Fitzgerald neighborhood has been the focus of a major city led revitalization effort backed by the City of Detroit, the Kresge Foundation, Knight Foundation, and other major partners all investing in improving infrastructure, green space, and housing stock in this very area. The newly created Ella Fitzgerald Park and community murals are already transforming the neighborhood's look and feel, and Fitzgerald is recognized as one of Detroit's most affordable neighborhoods with a strong mix of long-time residents and newcomers. This is exactly the kind of stable, in-demand rental base investors want. The math works. The neighborhood is moving. Don't miss your window.
-
2026-05-21$99,900 Active
Show marketing remark (1363 chars)
Opportunity knocks in one of Detroit's most actively revitalized corridors. This 3-bedroom, 1.5-bath home in the Fitzgerald neighborhood offers a great opportunity for a first time home buyer and a proven rental history for a savvy investor. This property has rented for $1,300+ /month since 2022 and with light touches can command even more today. Delivering 10% + cash on cash returns at a sub $100K acquisition price. The home was updated in recent years, giving the next owner a head start with key improvements already in place. A few minor finishing touches are all that stand between this property maximizing its full potential. What truly sets this listing apart is its location. The Fitzgerald neighborhood has been the focus of a major city led revitalization effort backed by the City of Detroit, the Kresge Foundation, Knight Foundation, and other major partners all investing in improving infrastructure, green space, and housing stock in this very area. The newly created Ella Fitzgerald Park and community murals are already transforming the neighborhood's look and feel, and Fitzgerald is recognized as one of Detroit's most affordable neighborhoods with a strong mix of long-time residents and newcomers. This is exactly the kind of stable, in-demand rental base investors want. The math works. The neighborhood is moving. Don't miss your window.
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2026-05-06historical $1,250
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2026-03-11price $1,250
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2026-01-12$1,350
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2024-12-11historical $1,350
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2024-11-16$1,350
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2024-04-05soldstatus $65,000 Sold 362-char remark
Show marketing remark (362 chars)
Highest and Best Due Friday 3/22 at NoonIntroducing a fantastic investment opportunity! This well-located property boasts a reliable tenant who pays $1,380 per month in rent, making it a lucrative option for investors. With its prime location and rental income, this property is an excellent addition to any investment portfolio. Lease ends in September of 2024.
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2024-04-05soldstatus $65,000 Sold
Show marketing remark (362 chars)
Highest and Best Due Friday 3/22 at NoonIntroducing a fantastic investment opportunity! This well-located property boasts a reliable tenant who pays $1,380 per month in rent, making it a lucrative option for investors. With its prime location and rental income, this property is an excellent addition to any investment portfolio. Lease ends in September of 2024.
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2024-03-25status Pending 362-char remark
Show marketing remark (362 chars)
Highest and Best Due Friday 3/22 at NoonIntroducing a fantastic investment opportunity! This well-located property boasts a reliable tenant who pays $1,380 per month in rent, making it a lucrative option for investors. With its prime location and rental income, this property is an excellent addition to any investment portfolio. Lease ends in September of 2024.
-
2024-03-25status Pending
Show marketing remark (362 chars)
Highest and Best Due Friday 3/22 at NoonIntroducing a fantastic investment opportunity! This well-located property boasts a reliable tenant who pays $1,380 per month in rent, making it a lucrative option for investors. With its prime location and rental income, this property is an excellent addition to any investment portfolio. Lease ends in September of 2024.
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2024-03-14$49,900 Active 362-char remark
Show marketing remark (362 chars)
Highest and Best Due Friday 3/22 at NoonIntroducing a fantastic investment opportunity! This well-located property boasts a reliable tenant who pays $1,380 per month in rent, making it a lucrative option for investors. With its prime location and rental income, this property is an excellent addition to any investment portfolio. Lease ends in September of 2024.
-
2024-03-14$49,900 Active
Show marketing remark (362 chars)
Highest and Best Due Friday 3/22 at NoonIntroducing a fantastic investment opportunity! This well-located property boasts a reliable tenant who pays $1,380 per month in rent, making it a lucrative option for investors. With its prime location and rental income, this property is an excellent addition to any investment portfolio. Lease ends in September of 2024.
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2023-08-31historical
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2023-08-31historical
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2022-10-05$135,000 Active
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2022-10-05$135,000 Active
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2022-03-29soldstatus $68,000
ⓘ 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
- $3,840 · $320/mo
- Projected year-2 tax
- $3,840 · $320/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 ≥97°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 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
- $16,545
- − Mortgage interest
- −$5,036
- − Property taxes
- −$3,840
- − Insurance
- −$450
- − Repairs & maintenance
- −$1,324
- − Management
- −$1,324
- − Depreciation
- −$2,615
- Taxable income
- $1,957
- Est. tax owed @ 24.0%
- −$470
- After-tax cash flow
- $2,654/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)
- 41,392
- Household income
- $57,878
- Rent vs Own
- Severe rent burden
- 1646.0
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 (85%)
- Race & ethnicity
- Black 85% White 8% Two or more races 4% Asian 1%
- Common ancestry
- Romanian 1% Lithuanian 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 97% English-only · Spanish 1% Other Indo-European 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
- ▼ -433.14%
- Current HPI
- 280.5434
- Rent YoY
- ▲ 3.44%
- 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
+46.9% since first listed18 events — show timeline
- 2026-05-21 Listed $99,900 REALCOMP
- 2026-05-21 Listed $99,900 MiRealSource-MiMLS
- 2026-05-06 Rental Removed $1,250 REALSOURCE
- 2026-03-11 Price Changed $1,250 REALSOURCE
- 2026-01-12 Listed for Rent $1,350 REALSOURCE
- 2024-12-11 Rental Removed $1,350 REALSOURCE
- 2024-11-16 Listed for Rent $1,350 REALSOURCE
- 2024-04-05 Sold (MLS) $65,000 SW Michigan MLS
- 2024-04-05 Sold (MLS) $65,000 REALCOMP
- 2024-03-25 Pending — REALCOMP
- 2024-03-25 Pending — SW Michigan MLS
- 2024-03-14 Listed $49,900 SW Michigan MLS
- 2024-03-14 Listed $49,900 REALCOMP
- 2023-08-31 Listing Removed — MiRealSource-MiMLS
- 2023-08-31 Listing Removed — REALCOMP
- 2022-10-05 Listed $135,000 MiRealSource-MiMLS
- 2022-10-05 Listed $135,000 REALCOMP
- 2022-03-29 Sold (Public Records) $68,000 Public Records
Property tax history
+13.4%/yrLatest (2025): $3,840 · -49.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…