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1353 Pagel Ave
D- Composite 39.4
Why this score? — see what drove the D- 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 +11.9/30.0
  • ARV discount +7.5/15.0
  • 1% rule +4.4/10.0
  • Livability +4.0/5.0
  • Rent growth +3.7/5.0
  • DSCR +3.5/10.0
  • Condition / age +2.5/5.0
  • Schools +2.0/10.0
  • Appreciation +0.0/10.0

$145,000

1353 Pagel Ave · Lincoln Park, MI 48146
3 bd · 1.0 ba · 1,035 sqft · SingleFamily public records · 49 Days on market
Built 1924 3,920 sqft lot Est $145k · at est.

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This charming 3 bed 1 bath bungalow is ready for immediate move-in! Enjoy a classic style with modern refreshes including brand new flooring throughout. Luxury vinyl plank in the kitchen, dining room, and bathroom. Cozy new carpet in the living room, bedrooms, and upstairs. The kitchen and bath feature modern color refreshes on the cabinets and tile surround. Generous cabinet storage plus a built in butcher block cutting surface. The living room includes an oversized window for natural light and custom trim wall designs leading into the dining room. The fenced-in back yard allows for private gatherings and plenty of space for friends and family to barbecue or for kids and pets to play. Other key features include: Full unfinished basement offers extra storage or living space. Laundry connections are available. Two-car garage for off-street parking Energy efficient baseboard heating Additional living space is upstairs, with the ability to add a 4th bedroom or additional bathroom. Centrally located within minutes of major freeways, multiple parks, and Lincoln Park schools.

Key facts

  • Oversized window
  • Luxury vinyl plank
  • New flooring

Tags

NEW FLOORINGLUXURY VINYL PLANKBUILT IN BUTCHER BLOCKOVERSIZED WINDOWFENCED IN BACK YARDFULL UNFINISHED BASEMENT

Property features AI

Exterior

  • Parking: Detached garage with alley access (2 cars)
  • Utilities: Public water available; Public sewer available
  • Home design: Single-family residence; One and one-half stories; Ground-level entry with steps
  • Construction: Aluminum siding and concrete construction; Stone foundation
  • Exterior features: Outdoor pool; Paved road access; Lot approximately 40 x 100 (0.09 acres)

Interior

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

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

  • At list price, monthly cash flow is $-38 ($-457/yr) — negative.
  • To cash-flow at today's rent, offer at most $138k (4.6% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (5.9% below list).
  • Recommended offer: $136k (5.9% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 80/100 on livability (#82 in MI, #1,720 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D-, crime F, employment D-.
  • Lincoln Park School District (suburban): math 15% / reading 32% proficiency, ranked #440 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising fast (+4.7%/yr); 151 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 $1k of loan paydown is wiped out by about $4k 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 49 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
  • 13 sale attempts since 27y ago 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 $100k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $136,489 (5.9% 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 49 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  3. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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?
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.94%
Cap rate
5.98%
Cash-on-cash
-1.12%
DSCR
0.95
GRM
8.9

CMA / ARV

ARV (on-the-fly)
$144,900
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1311 Gregory St 0.12mi 3/1.0 1,128 (+9%) 0mo $145,900 $129 79
1415 Richmond Ave 0.17mi 3/1.0 1,134 (+10%) 2mo $165,000 $146 75
1829 Alard Ave 0.63mi 3/1.0 1,026 (-1%) 0mo $206,000 $201 69
1400 Capitol Ave 0.29mi 3/1.0 1,125 (+9%) 7mo $112,000 $100 66
939 Stewart Ave 0.34mi 3/1.0 912 (-12%) 1mo $138,000 $151 63
1018 Riverbank St 0.51mi 3/1.0 1,092 (+6%) 6mo $180,000 $165 62
1580 Richmond Ave 0.29mi 2/1.0 (-1) 924 (-11%) 4mo $127,500 $138 61
1215 Mill St 0.60mi 2/1.0 (-1) 1,054 (+2%) 5mo $110,000 $104 60
816 London Ave 0.51mi 3/1.0 944 (-9%) 2mo $187,000 $198 60
1042 Champaign Rd 0.55mi 3/1.0 1,152 (+11%) 3mo $150,500 $131 53
1377 Mill St 0.67mi 2/1.0 (-1) 1,124 (+9%) 2mo $157,000 $140 48
1860 Pagel Ave 0.59mi 3/1.0 1,162 (+12%) 6mo $160,000 $138 47

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 · 4.65% rent growth · sell at horizon

5-year hold
IRR
-16.0%
Equity multiple
0.42×
Total profit
$-23,526
Equity at exit
$21,620
10-year hold
IRR
-4.7%
Equity multiple
0.67×
Total profit
$-13,464
Equity at exit
$12,537

Cash invested: $40,600 (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.

ZIP-level market 48146

Home prices YoY
-32.7%
Rents YoY
4.7%
Active inventory
151
Price-to-rent
8.9×

Monthly cashflow live

Estimated rent
$1,365 high interval (Pro) →
Mortgage (P&I)
$760
Tax from tax record
$296 /mo · $3,546/yr
Insurance
$60
HOA
$0
Vacancy / Maint / Mgmt
$287
Net cashflow
$-38

Break-even live

Break-even rent $1,413
Max offer price $138,277
Occupancy floor 98%

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
$36,250
Closing costs
$4,350
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 24 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1343 Pagel Ave Unit 2-Upper Lincoln Park, MI 2.0 1.0 1000 $1,250 $1.25 18d 1 0.03mi
1750 Saint Johns Blvd Unit 17 Lincoln Park, MI 2.0 1.0 750 $1,025 $1.37 24d 1 0.93mi
1760 Saint Johns Blvd Apt 14 Lincoln Park, MI 2.0 1.0 750 $995 $1.33 24d 1 0.93mi
357 Emmons Blvd Lincoln Park, MI 3.0 1.0 1268 $1,695 $1.34 1d 1 0.94mi
2235 Moore Rd Unit 1 Lincoln Park, MI 2.0 1.0 800 $1,000 $1.25 24d 1 1.02mi
854 Harrison Blvd Lincoln Park, MI 3.0 1.0 1410 $1,750 $1.24 43d 1 1.03mi
750 Harrison Blvd Unit 5 Lincoln Park, MI 2.0 1.0 800 $995 $1.24 5d 1 1.07mi
4163 Burns Ave Lincoln Park, MI 3.0 1.0 900 $1,500 $1.67 1d 1 1.08mi
720 Harrison Blvd Unit 20 Lincoln Park, MI 2.0 1.0 800 $1,025 $1.28 2d 1 1.09mi
1552 Hanover St Lincoln Park, MI 2.0 1.0 800 $1,250 $1.56 24d 1 1.10mi
610 Harrison Blvd Unit 46 Lincoln Park, MI 2.0 1.0 800 $995 $1.24 2d 1 1.10mi
610 Harrison Blvd Apt 43 Lincoln Park, MI 2.0 1.0 800 $1,050 $1.31 24d 1 1.10mi
708 Highland St Unit 1 Wyandotte, MI 2.0 1.0 800 $950 $1.19 18d 1 1.14mi
1581 Empire Ave Lincoln Park, MI 2.0 1.0 900 $1,350 $1.50 24d 1 1.18mi
1537 Chandler Ave Lincoln Park, MI 2.0 1.0 725 $1,100 $1.52 17d 1 1.19mi
1130 21st St Wyandotte, MI 3.0 1.0 864 $1,420 $1.64 1d 1 1.19mi
9725 Fox Ave Allen Park, MI 3.0 1.5 940 $1,850 $1.97 43d 1 1.27mi
1163 17th St Wyandotte, MI 3.0 1.0 1010 $1,695 $1.68 43d 1 1.29mi
1473 Empire Ave Lincoln Park, MI 3.0 2.0 1342 $1,700 $1.27 1d 1 1.29mi
1532 Euclid St #1 Lincoln Park, MI 2.0 1.0 850 $1,450 $1.71 24d 1 1.31mi
11400 Fordline St Allen Park, MI 1.0–2.0 1.0 880 $1,400 $1.59 2d 1 1.34mi
424 4th St Wyandotte, MI 2.0 1.0 925 $1,350 $1.46 24d 1 1.41mi
1650 19th St Wyandotte, MI 3.0 2.0 1100 $1,899 $1.73 18d 1 1.44mi
1524 Cicotte Ave Lincoln Park, MI 2.0 1.0 900 $1,250 $1.39 14d 1 1.50mi

Listing history 42 events

  1. 2026-06-18
    days on market $145,000 Active 49 DOM
  2. 2026-06-17
    days on market $145,000 Active 48 DOM
  3. 2026-06-16
    days on market $145,000 Active 47 DOM
  4. 2026-06-15
    price $145,000 Active 46 DOM
  5. 2026-06-15
    days on market $147,500 Active 46 DOM
  6. 2026-06-13
    days on market $147,500 Active 44 DOM
  7. 2026-06-13
    days on market $147,500 Active 43 DOM
  8. 2026-06-09
    days on market $147,500 Active 40 DOM
  9. 2026-06-08
    days on market $147,500 Active 39 DOM
  10. 2026-06-07
    days on market $147,500 Active 38 DOM
  11. 2026-06-04
    days on market $147,500 Active 35 DOM
  12. 2026-06-03
    days on market $147,500 Active 34 DOM
  13. 2026-06-02
    days on market $147,500 Active 33 DOM
  14. 2026-06-01
    days on market $147,500 Active 32 DOM
  15. 2026-05-31
    days on market $147,500 Active 31 DOM
  16. 2026-05-12
    status Active
    Show marketing remark (1086 chars)

    This charming 3 bed 1 bath bungalow is ready for immediate move-in! Enjoy a classic style with modern refreshes including brand new flooring throughout. Luxury vinyl plank in the kitchen, dining room, and bathroom. Cozy new carpet in the living room, bedrooms, and upstairs. The kitchen and bath feature modern color refreshes on the cabinets and tile surround. Generous cabinet storage plus a built in butcher block cutting surface. The living room includes an oversized window for natural light and custom trim wall designs leading into the dining room. The fenced-in back yard allows for private gatherings and plenty of space for friends and family to barbecue or for kids and pets to play. Other key features include: Full unfinished basement offers extra storage or living space. Laundry connections are available. Two-car garage for off-street parking Energy efficient baseboard heating Additional living space is upstairs, with the ability to add a 4th bedroom or additional bathroom. Centrally located within minutes of major freeways, multiple parks, and Lincoln Park schools.

  17. 2026-05-12
    status Active 1086-char remark
    Show marketing remark (1086 chars)

    This charming 3 bed 1 bath bungalow is ready for immediate move-in! Enjoy a classic style with modern refreshes including brand new flooring throughout. Luxury vinyl plank in the kitchen, dining room, and bathroom. Cozy new carpet in the living room, bedrooms, and upstairs. The kitchen and bath feature modern color refreshes on the cabinets and tile surround. Generous cabinet storage plus a built in butcher block cutting surface. The living room includes an oversized window for natural light and custom trim wall designs leading into the dining room. The fenced-in back yard allows for private gatherings and plenty of space for friends and family to barbecue or for kids and pets to play. Other key features include: Full unfinished basement offers extra storage or living space. Laundry connections are available. Two-car garage for off-street parking Energy efficient baseboard heating Additional living space is upstairs, with the ability to add a 4th bedroom or additional bathroom. Centrally located within minutes of major freeways, multiple parks, and Lincoln Park schools.

  18. 2026-05-07
    historical Accepting Backup Offers 1086-char remark
    Show marketing remark (1086 chars)

    This charming 3 bed 1 bath bungalow is ready for immediate move-in! Enjoy a classic style with modern refreshes including brand new flooring throughout. Luxury vinyl plank in the kitchen, dining room, and bathroom. Cozy new carpet in the living room, bedrooms, and upstairs. The kitchen and bath feature modern color refreshes on the cabinets and tile surround. Generous cabinet storage plus a built in butcher block cutting surface. The living room includes an oversized window for natural light and custom trim wall designs leading into the dining room. The fenced-in back yard allows for private gatherings and plenty of space for friends and family to barbecue or for kids and pets to play. Other key features include: Full unfinished basement offers extra storage or living space. Laundry connections are available. Two-car garage for off-street parking Energy efficient baseboard heating Additional living space is upstairs, with the ability to add a 4th bedroom or additional bathroom. Centrally located within minutes of major freeways, multiple parks, and Lincoln Park schools.

  19. 2026-05-07
    historical Active Under Contract
    Show marketing remark (1086 chars)

    This charming 3 bed 1 bath bungalow is ready for immediate move-in! Enjoy a classic style with modern refreshes including brand new flooring throughout. Luxury vinyl plank in the kitchen, dining room, and bathroom. Cozy new carpet in the living room, bedrooms, and upstairs. The kitchen and bath feature modern color refreshes on the cabinets and tile surround. Generous cabinet storage plus a built in butcher block cutting surface. The living room includes an oversized window for natural light and custom trim wall designs leading into the dining room. The fenced-in back yard allows for private gatherings and plenty of space for friends and family to barbecue or for kids and pets to play. Other key features include: Full unfinished basement offers extra storage or living space. Laundry connections are available. Two-car garage for off-street parking Energy efficient baseboard heating Additional living space is upstairs, with the ability to add a 4th bedroom or additional bathroom. Centrally located within minutes of major freeways, multiple parks, and Lincoln Park schools.

  20. 2026-04-30
    listed $150,000 Active
    Show marketing remark (1086 chars)

    This charming 3 bed 1 bath bungalow is ready for immediate move-in! Enjoy a classic style with modern refreshes including brand new flooring throughout. Luxury vinyl plank in the kitchen, dining room, and bathroom. Cozy new carpet in the living room, bedrooms, and upstairs. The kitchen and bath feature modern color refreshes on the cabinets and tile surround. Generous cabinet storage plus a built in butcher block cutting surface. The living room includes an oversized window for natural light and custom trim wall designs leading into the dining room. The fenced-in back yard allows for private gatherings and plenty of space for friends and family to barbecue or for kids and pets to play. Other key features include: Full unfinished basement offers extra storage or living space. Laundry connections are available. Two-car garage for off-street parking Energy efficient baseboard heating Additional living space is upstairs, with the ability to add a 4th bedroom or additional bathroom. Centrally located within minutes of major freeways, multiple parks, and Lincoln Park schools.

  21. 2026-04-30
    listed $150,000 Active 1086-char remark
    Show marketing remark (1086 chars)

    This charming 3 bed 1 bath bungalow is ready for immediate move-in! Enjoy a classic style with modern refreshes including brand new flooring throughout. Luxury vinyl plank in the kitchen, dining room, and bathroom. Cozy new carpet in the living room, bedrooms, and upstairs. The kitchen and bath feature modern color refreshes on the cabinets and tile surround. Generous cabinet storage plus a built in butcher block cutting surface. The living room includes an oversized window for natural light and custom trim wall designs leading into the dining room. The fenced-in back yard allows for private gatherings and plenty of space for friends and family to barbecue or for kids and pets to play. Other key features include: Full unfinished basement offers extra storage or living space. Laundry connections are available. Two-car garage for off-street parking Energy efficient baseboard heating Additional living space is upstairs, with the ability to add a 4th bedroom or additional bathroom. Centrally located within minutes of major freeways, multiple parks, and Lincoln Park schools.

  22. 2021-10-12
    soldstatus $100,000
  23. 2021-10-01
    soldstatus $100,000 522-char remark
    Show marketing remark (522 chars)

    Welcome Home to this 3 Bedroom, 1 Bath Bungalow on a Corner Lot with 2 Car Detached Garage and Basement!! Kitchen features Stylish Gray Cabinets and Newer flooring-Tons of Cabinet Space-Separate Dining Area-Perfect for Entertaining-Large Living Room with Tons of Natural Light-Newer carpeting throughout. Great Layout Upstairs with 2 Bedrooms and Additional Sitting Area, Perfect for a Home Office or Playroom. Convenient Mudroom at Rear Entry. Large Corner Lot-Fully Fenced. This Home has a Renter, Please Do Not Disturb.

  24. 2021-10-01
    soldstatus $100,000
    Show marketing remark (522 chars)

    Welcome Home to this 3 Bedroom, 1 Bath Bungalow on a Corner Lot with 2 Car Detached Garage and Basement!! Kitchen features Stylish Gray Cabinets and Newer flooring-Tons of Cabinet Space-Separate Dining Area-Perfect for Entertaining-Large Living Room with Tons of Natural Light-Newer carpeting throughout. Great Layout Upstairs with 2 Bedrooms and Additional Sitting Area, Perfect for a Home Office or Playroom. Convenient Mudroom at Rear Entry. Large Corner Lot-Fully Fenced. This Home has a Renter, Please Do Not Disturb.

  25. 2021-07-29
    listed $100,000 522-char remark
    Show marketing remark (522 chars)

    Welcome Home to this 3 Bedroom, 1 Bath Bungalow on a Corner Lot with 2 Car Detached Garage and Basement!! Kitchen features Stylish Gray Cabinets and Newer flooring-Tons of Cabinet Space-Separate Dining Area-Perfect for Entertaining-Large Living Room with Tons of Natural Light-Newer carpeting throughout. Great Layout Upstairs with 2 Bedrooms and Additional Sitting Area, Perfect for a Home Office or Playroom. Convenient Mudroom at Rear Entry. Large Corner Lot-Fully Fenced. This Home has a Renter, Please Do Not Disturb.

  26. 2021-07-29
    listed $100,000
    Show marketing remark (522 chars)

    Welcome Home to this 3 Bedroom, 1 Bath Bungalow on a Corner Lot with 2 Car Detached Garage and Basement!! Kitchen features Stylish Gray Cabinets and Newer flooring-Tons of Cabinet Space-Separate Dining Area-Perfect for Entertaining-Large Living Room with Tons of Natural Light-Newer carpeting throughout. Great Layout Upstairs with 2 Bedrooms and Additional Sitting Area, Perfect for a Home Office or Playroom. Convenient Mudroom at Rear Entry. Large Corner Lot-Fully Fenced. This Home has a Renter, Please Do Not Disturb.

  27. 2014-08-06
    soldstatus $27,000
  28. 2014-08-06
    soldstatus $27,000
  29. 2014-06-30
    historical
  30. 2014-06-05
    historical
  31. 2014-06-05
    historical
  32. 2014-03-05
    listed $29,900
  33. 2014-03-05
    listed $29,900
  34. 2014-02-27
    listed $29,900
  35. 2014-02-27
    listed $29,900
  36. 2000-06-12
    soldstatus $87,000
  37. 1999-12-02
    soldstatus $87,000
  38. 1999-12-02
    soldstatus $87,000
  39. 1999-12-02
    soldstatus $87,000
  40. 1999-08-11
    listed $87,900
  41. 1999-08-05
    listed $87,900
  42. 1999-08-05
    listed $87,900

ⓘ 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
$3,546 · $296/mo
Projected year-2 tax
$3,546 · $296/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 ≥97°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 3 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
$16,379
− Mortgage interest
−$8,122
− Property taxes
−$3,546
− Insurance
−$725
− Repairs & maintenance
−$1,310
− Management
−$1,310
− Depreciation
−$4,218
Taxable loss
−$2,853
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$685
After-tax cash flow
$228/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
Lincoln Park School District
NCES district ID
2621600
Math proficiency
15% ▼ -5.00%
Reading proficiency
32% ▬ 0.00%
Median HH income
$41,486
Composite
19.93/100
National rank
#8678
State rank
#440 of 540 in MI

Livability — Lincoln Park

Score
80/100
State rank
#82
US rank
#1720

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Lincoln Park, MI
County
Wayne County · 1,562,939 people
City population
39,257
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
39,257
Household income
$58,616
Rent vs Own
31.2% rent · 68.8% own
Severe rent burden
1142.0

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
Diverse neighborhood (Simpson 0.57)
Race & ethnicity
White 60% Hispanic / Latino 25% Two or more races 12% Black 9% Native American 1%
Hispanic origin (detail)
Mexican 19% Puerto Rican 3%
Common ancestry
Romanian 6% Lithuanian 4% Slovak 1%
Foreign-born
9% · Canada
Languages at home
80% English-only · Spanish 17% Arabic 2%

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
▼ -108.25%
Current HPI
222.8545
Rent YoY
▲ 4.65%
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

Price history

+70.6% since first listed
27 events — show timeline
  • 2026-05-12 Relisted REALCOMP
  • 2026-05-12 Relisted MiRealSource-MiMLS
  • 2026-05-07 Contingent MiRealSource-MiMLS
  • 2026-05-07 Contingent REALCOMP
  • 2026-04-30 Listed $150,000 MiRealSource-MiMLS
  • 2026-04-30 Listed $150,000 REALCOMP
  • 2021-10-12 Sold (Public Records) $100,000 Public Records
  • 2021-10-01 Sold (MLS) $100,000 MiRealSource-MiMLS
  • 2021-10-01 Sold (MLS) $100,000 REALCOMP
  • 2021-07-29 Listed $100,000 MiRealSource-MiMLS
  • 2021-07-29 Listed $100,000 REALCOMP
  • 2014-08-06 Sold (MLS) $27,000 REALCOMP
  • 2014-08-06 Sold (MLS) $27,000 MiRealSource-MiMLS
  • 2014-06-30 Listing Removed MiRealSource-MiMLS
  • 2014-06-05 Listing Removed REALCOMP
  • 2014-06-05 Listing Removed MiRealSource-MiMLS
  • 2014-03-05 Listed $29,900 REALCOMP
  • 2014-03-05 Listed $29,900 MiRealSource-MiMLS
  • 2014-02-27 Listed $29,900 REALCOMP
  • 2014-02-27 Listed $29,900 MiRealSource-MiMLS
  • 2000-06-12 Sold (Public Records) $87,000 Public Records
  • 1999-12-02 Sold (MLS) $87,000 REALCOMP
  • 1999-12-02 Sold (MLS) $87,000 MiRealSource-MiMLS
  • 1999-12-02 Sold (MLS) $87,000 REALCOMP
  • 1999-08-11 Listed $87,900 REALCOMP
  • 1999-08-05 Listed $87,900 MiRealSource-MiMLS
  • 1999-08-05 Listed $87,900 REALCOMP

Property tax history

+8.9%/yr

Latest (2025): $3,546 · -6.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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