19479 Helen St · Detroit, MI 48234

$72,900

2 bd · 1.0 ba · 853 sqft · SingleFamily public records · 37 Days on market

Built 1940 3,485 sqft lot $85/sqft · 38% above area Est $53k · 38% over

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Why this score? — see what drove the C+ 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home! This beautiful bungalow is move-in ready and perfect for first-time homebuyers or investors looking to expand their portfolios. Conveniently located with easy access from Outer Drive E and Van Dyke Ave. The entire house has been remodeled in 2026, features include: new roof, new siding, new front porch railings, freshly painted, remodeled kitchen with vinyl flooring, new cabinets and backsplash, remodeled bathroom with new sink, new toilet and new tile, a solid foundation freshly painted as well. Schedule your showing today!! All measurements are estimated. This property is under surveillance system.

Key facts

• New siding
• Remodeled bathroom
• Remodeled kitchen

Tags

• BUNGALOW
• REMODELED KITCHEN
• NEW ROOF
• NEW SIDING
• NEW FRONT PORCH RAILINGS
• REMODELED BATHROOM

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Ground-level entry with steps; Vinyl siding exterior
• Construction: Block foundation
• Exterior features: Paved road access; Lot dimensions approximately 36 x 100 (0.08 acres)

Interior

• Bedrooms: Total of 5 rooms (bedrooms included)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $73k).
• Recommended offer: $71k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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 (+6.7%/yr); 226 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 41% of the median local income ($35k/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 $504 of loan paydown is wiped out by about $2k 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 + 6.7% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($71k) is reasonable based on typical stale-listing flexibility.
• 6 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.
• Current owner paid $32k; list at $73k implies a 128% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,713 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.64% ✓
• Cap rate: 13.65%
• Cash-on-cash: 26.26%
• DSCR: 2.17
• GRM: 5.1

CMA / ARV

• ARV (median comp): $52,747
• List price: $72,900
• Delta: 38.21%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18824 Helen St	0.41mi	3/1.0 (+1)	844 (-1%)	5mo	$34,000	$40	70
19332 Packard St	0.29mi	2/1.5	775 (-9%)	3mo	$25,000	$32	67
19975 Concord St	0.27mi	3/1.0 (+1)	930 (+9%)	8mo	$46,000	$49	60
19612 Dwyer St	0.47mi	2/1.0	740 (-13%)	2mo	$50,000	$68	54
18818 Sherwood St	0.42mi	3/1.0 (+1)	940 (+10%)	6mo	$38,000	$40	53
18810 Sherwood St	0.43mi	3/2.0 (+1)	915 (+7%)	11mo	$103,000	$113	50
20220 Bramford St	0.67mi	3/1.0 (+1)	789 (-8%)	9mo	$130,000	$165	44
19400 Dwyer St	0.47mi	3/1.5 (+1)	960 (+12%)	8mo	$50,000	$52	43
19351 Dwyer St	0.51mi	3/1.0 (+1)	971 (+14%)	6mo	$120,000	$124	43
19600 Syracuse St	0.70mi	3/1.0 (+1)	797 (-7%)	10mo	$18,500	$23	43
20225 Terrel St	0.69mi	3/1.0 (+1)	757 (-11%)	4mo	$43,000	$57	40
19436 Albany St	0.64mi	3/1.0 (+1)	725 (-15%)	6mo	$17,000	$23	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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 24.2%
• Equity multiple: 2.04×
• Total profit: $21,306
• Equity at exit: $10,870

10-year hold

• IRR: 34.3%
• Equity multiple: 4.72×
• Total profit: $75,869
• Equity at exit: $6,303

Cash invested: $20,412 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,199 high
• Mortgage (P&I): −$382
• Tax from tax record: −$88 /mo · $1,050/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $447

Break-even live

Break-even rent $633

Max offer price $72,900

Occupancy floor 58%

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: $18,225
• Closing costs: $2,187
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	5d	1	0.21mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	16d	1	0.27mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	43d	1	0.54mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	0.57mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	4d	1	0.88mi
7605 Jackson Ave Warren, MI	2.0	1.0	600	$1,165	$1.94	24d	1	0.89mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	21d	1	0.94mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	43d	1	0.94mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	16d	1	0.95mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	23d	1	0.95mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	24d	1	0.98mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	43d	1	0.98mi
7033 Westminster Ave Warren, MI	2.0	1.0	561	$1,050	$1.87	43d	1	1.00mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	16d	1	1.01mi
7060 Victory Ave Warren, MI	3.0	1.0	945	$1,450	$1.53	11d	1	1.04mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	1.08mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	5d	1	1.12mi
7043 Meadow Ave Warren, MI	2.0	1.0	911	$1,274	$1.40	43d	1	1.12mi
18667 Algonac St Detroit, MI	1.0	1.0	680	$1,999	$2.94	17d	1	1.17mi
8065 Meadow Ave Warren, MI	2.0	1.0	800	$1,050	$1.31	24d	1	1.19mi
7511 Toepfer Rd Warren, MI	3.0	1.0	1032	$1,199	$1.16	21d	1	1.24mi
8162 Orchard Ave Warren, MI	2.0	1.0	900	$1,000	$1.11	43d	1	1.25mi
7275 Chalmers Ave Warren, MI	2.0	1.0	703	$1,200	$1.71	24d	1	1.29mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	43d	1	1.32mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	24d	1	1.33mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	43d	1	1.34mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	1.38mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	43d	1	1.38mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	12d	1	1.39mi
8640 Chalmers Ave Warren, MI	3.0	1.0	804	$1,423	$1.77	24d	1	1.48mi
8251 Hudson Ave Warren, MI	3.0	1.0	908	$1,400	$1.54	24d	1	1.48mi

Listing history 30 events

1. 2026-06-18
   days on market $72,900 Active 37 DOM
2. 2026-06-17
   days on market $72,900 Active 36 DOM
3. 2026-06-15
   days on market $72,900 Active 34 DOM
4. 2026-06-13
   days on market $72,900 Active 32 DOM
5. 2026-06-13
   pricedays on market $72,900 Active 31 DOM
6. 2026-06-09
   days on market $74,900 Active 28 DOM
7. 2026-06-08
   days on market $74,900 Active 27 DOM
8. 2026-06-07
   days on market $74,900 Active 26 DOM
9. 2026-06-04
   days on market $74,900 Active 23 DOM
10. 2026-06-03
    days on market $74,900 Active 22 DOM
11. 2026-06-02
    days on market $74,900 Active 21 DOM
12. 2026-06-01
    days on market $74,900 Active 20 DOM
13. 2026-05-31
    days on market $74,900 Active 19 DOM
14. 2026-05-12
    listed $74,900 Active 621-char remark

    Show marketing remark (621 chars)

    Welcome home! This beautiful bungalow is move-in ready and perfect for first-time homebuyers or investors looking to expand their portfolios. Conveniently located with easy access from Outer Drive E and Van Dyke Ave. The entire house has been remodeled in 2026, features include: new roof, new siding, new front porch railings, freshly painted, remodeled kitchen with vinyl flooring, new cabinets and backsplash, remodeled bathroom with new sink, new toilet and new tile, a solid foundation freshly painted as well. Schedule your showing today!! All measurements are estimated. This property is under surveillance system.

15. 2026-05-12
    listed $74,900 Active 621-char remark

    Show marketing remark (621 chars)

    Welcome home! This beautiful bungalow is move-in ready and perfect for first-time homebuyers or investors looking to expand their portfolios. Conveniently located with easy access from Outer Drive E and Van Dyke Ave. The entire house has been remodeled in 2026, features include: new roof, new siding, new front porch railings, freshly painted, remodeled kitchen with vinyl flooring, new cabinets and backsplash, remodeled bathroom with new sink, new toilet and new tile, a solid foundation freshly painted as well. Schedule your showing today!! All measurements are estimated. This property is under surveillance system.

16. 2026-05-06
    historical $1,200
17. 2026-04-10
    listed $1,200
18. 2026-04-08
    historical $1,200
19. 2026-04-08
    listed $1,200
20. 2025-09-16
    soldstatus $32,000 Closed

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

21. 2025-09-16
    soldstatus $32,000 Closed

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

22. 2025-08-25
    status Pending

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

23. 2025-08-25
    status Pending

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

24. 2025-08-12
    price $37,900

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

25. 2025-08-11
    price $37,900
26. 2025-07-11
    price $39,000

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

27. 2025-07-10
    price $39,000
28. 2025-05-23
    listed $45,000 Active

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

29. 2025-05-23
    listed $45,000 Active

    Show marketing remark (262 chars)

    Come and see this excellent opportunity! Well maintained bungalow in a great location, featuring 2 spacious bedrooms and 1 bathroom. The house has a huge potential to be an excellent rental or addition to your portfolio. Schedule your visit through showing time.

30. 2019-11-25
    soldstatus $48,500

ⓘ 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: $1,050 · $88/mo
• Projected year-2 tax: $1,086 · $91/mo
• Expected delta: +$36/yr (+$3/mo · 3.4%)

ⓘ 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 ≥97°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: $14,383
• − Mortgage interest: −$4,084
• − Property taxes: −$1,050
• − Insurance: −$364
• − Repairs & maintenance: −$1,151
• − Management: −$1,151
• − Depreciation: −$2,121
• Taxable income: $4,463
• Est. tax owed @ 24.0%: −$1,071
• After-tax cash flow: $4,289/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+50.3% since first listed

19 events — show timeline

• 2026-06-11 Price Changed $72,900 MiRealSource-MiMLS
• 2026-06-10 Price Changed $72,900 REALCOMP
• 2026-05-12 Listed $74,900 REALCOMP
• 2026-05-12 Listed $74,900 MiRealSource-MiMLS
• 2026-05-06 Rental Removed $1,200 REALSOURCE
• 2026-04-10 Listed for Rent $1,200 REALSOURCE
• 2026-04-08 Rental Removed $1,200 REALSOURCE
• 2026-04-08 Listed for Rent $1,200 REALSOURCE
• 2025-09-16 Sold (MLS) $32,000 REALCOMP
• 2025-09-16 Sold (MLS) $32,000 MiRealSource-MiMLS
• 2025-08-25 Pending — MiRealSource-MiMLS
• 2025-08-25 Pending — REALCOMP
• 2025-08-12 Price Changed $37,900 MiRealSource-MiMLS
• 2025-08-11 Price Changed $37,900 REALCOMP
• 2025-07-11 Price Changed $39,000 MiRealSource-MiMLS
• 2025-07-10 Price Changed $39,000 REALCOMP
• 2025-05-23 Listed $45,000 REALCOMP
• 2025-05-23 Listed $45,000 MiRealSource-MiMLS
• 2019-11-25 Sold (Public Records) $48,500 Public Records

Property tax history

-0.5%/yr

Latest (2025): $1,050 · +0.5% YoY. Source: county tax records.