1353 Pagel Ave · Lincoln Park, MI
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.2%
- 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 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
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
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.
Questions for the listing agent
- 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?
- 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?
- Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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
- 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
- IRR
- -16.0%
- Equity multiple
- 0.42×
- Total profit
- $-23,526
- Equity at exit
- $21,620
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-18days on market $145,000 Active 49 DOM
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2026-06-17days on market $145,000 Active 48 DOM
-
2026-06-16days on market $145,000 Active 47 DOM
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2026-06-15price $145,000 Active 46 DOM
-
2026-06-15days on market $147,500 Active 46 DOM
-
2026-06-13days on market $147,500 Active 44 DOM
-
2026-06-13days on market $147,500 Active 43 DOM
-
2026-06-09days on market $147,500 Active 40 DOM
-
2026-06-08days on market $147,500 Active 39 DOM
-
2026-06-07days on market $147,500 Active 38 DOM
-
2026-06-04days on market $147,500 Active 35 DOM
-
2026-06-03days on market $147,500 Active 34 DOM
-
2026-06-02days on market $147,500 Active 33 DOM
-
2026-06-01days on market $147,500 Active 32 DOM
-
2026-05-31days on market $147,500 Active 31 DOM
-
2026-05-12status 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.
-
2026-05-12status 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.
-
2026-05-07historical 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.
-
2026-05-07historical 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.
-
2026-04-30$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.
-
2026-04-30$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.
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2021-10-12soldstatus $100,000
-
2021-10-01soldstatus $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.
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2021-10-01soldstatus $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.
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2021-07-29$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.
-
2021-07-29$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.
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2014-08-06soldstatus $27,000
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2014-08-06soldstatus $27,000
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2014-06-30historical
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2014-06-05historical
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2014-06-05historical
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2014-03-05$29,900
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2014-03-05$29,900
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2014-02-27$29,900
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2014-02-27$29,900
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2000-06-12soldstatus $87,000
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1999-12-02soldstatus $87,000
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1999-12-02soldstatus $87,000
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1999-12-02soldstatus $87,000
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1999-08-11$87,900
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1999-08-05$87,900
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1999-08-05$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
- 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
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
- 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 |
|---|---|---|
| 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
+70.6% since first listed27 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%/yrLatest (2025): $3,546 · -6.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…