CashFlowRE
Sign in Sign up
12290 Griggs St
B- Composite 69.03
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 +30.0/30.0
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • 1% rule +9.1/10.0
  • Livability +3.7/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • ARV discount +0.0/15.0

$84,900

12290 Griggs St · Detroit, MI 48204
3 bd · 1.0 ba · 1,383 sqft · SingleFamily public records · 188 Days on market
Built 1923 3,920 sqft lot $61/sqft · 48% above area Est $57k · 48% over

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

Listing remarks MLS

SECTION 8 TENANT OCCUPIED BRICK CAPE COD HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE AND EAST OF MEYERS ROAD. THIS HOME FEATURES A COVERED FRONT PORCH, INVITING LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 AND IS PAID BY SECTION 8 100%. TENANT IS CURRENTLY MONTH TO MONTH BUT WISHES TO STAY. PHOTS ARE FROM 2023, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

  • Covered front porch
  • Formal dining room
  • Unfinished basement

Tags

COVERED FRONT PORCHINVITING LIVING ROOMFORMAL DINING ROOMHARDWOOD FLOORSUNFINISHED BASEMENT

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 $85k.

Deal economics

  • At list price, monthly cash flow is $405 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $85k).
  • Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
  • Cap rate 12.0% vs local median 10.0% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 248 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); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • This rent runs 42% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • In year one you build about $9k of equity ($587 loan paydown + $8k appreciation (10.0% local appreciation)).
  • Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
  • At projected returns (10.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 188 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

  1. It's been on market 188 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  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. 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.
  8. 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.
  9. 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
1.41%
Cap rate
12.02%
Cash-on-cash
20.45%
DSCR
1.91
GRM
5.9

CMA / ARV

ARV (median comp)
$57,461
List price
$84,900
Delta
47.75%
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
12162 Kentucky St 0.23mi 3/1.0 1,415 (+2%) 4mo $42,000 $30 82
12027 Manor St 0.37mi 3/1.0 1,340 (-3%) 3mo $86,750 $65 75
11931 Wisconsin St 0.32mi 3/3.0 1,407 (+2%) 5mo $135,900 $97 70
12096 Meyers Rd 0.35mi 3/1.0 1,248 (-10%) 0mo $30,000 $24 67
12667 Sorrento St 0.56mi 3/1.0 1,309 (-5%) 0mo $65,000 $50 64
13546 Ilene St 0.51mi 3/1.0 1,440 (+4%) 6mo $32,000 $22 64
13176 Manor St 0.45mi 3/1.5 1,478 (+7%) 2mo $60,500 $41 64
12303 Cloverlawn St 0.50mi 3/1.5 1,454 (+5%) 4mo $58,500 $40 63
13586 Indiana St 0.61mi 3/1.0 1,298 (-6%) 2mo $30,000 $23 60
10405 Orangelawn St 0.74mi 3/1.5 1,350 (-2%) 3mo $7,000 $5 57
10340 Maplelawn St 0.66mi 3/2.0 1,296 (-6%) 5mo $27,000 $21 51
13581 Cloverlawn St 0.74mi 4/2.0 (+1) 1,240 (-10%) 4mo $143,000 $115 36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
39.5%
Equity multiple
4.03×
Total profit
$72,034
Equity at exit
$76,485
10-year hold
IRR
34.1%
Equity multiple
9.07×
Total profit
$191,811
Equity at exit
$164,942

Cash invested: $23,772 (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 48204

Home prices YoY
18.5%
Active inventory
248
Price-to-rent
5.9×

Monthly cashflow live

Estimated rent
$1,194 high interval (Pro) →
Mortgage (P&I)
$445
Tax from tax record
$58 /mo · $694/yr
Insurance
$35
HOA
$0
Vacancy / Maint / Mgmt
$251
Net cashflow
$405

Break-even live

Break-even rent $682
Max offer price $84,900
Occupancy floor 61%

Sensitivity live

Price -10% $453 -5% $429 +0% $405 +5% $381 +10% $357
Rent -10% $311 -5% $358 +0% $405 +5% $452 +10% $500
Rate -1.0pp $448 -0.5pp $427 base $405 +0.5pp $383 +1.0pp $361

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
$21,225
Closing costs
$2,547
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
12468 Mendota St Detroit, MI 2.0 1.0 1100 $1,000 $0.91 25d 1 0.12mi
12468 Mendota St Detroit, MI 2.0 1.0 1100 $1,100 $1.00 45d 1 0.12mi
12144 Washburn St Detroit, MI 3.0 1.0 1200 $1,200 $1.00 16d 1 0.15mi
12650 Griggs St Detroit, MI 3.0 2.0 1628 $1,375 $0.84 25d 1 0.17mi
12703 Northlawn St Detroit, MI 2.0 1.0 1365 $1,053 $0.77 21d 1 0.51mi
12303 Cloverlawn St Detroit, MI 3.0 1.5 1454 $1,400 $0.96 45d 1 0.52mi
12775 Plymouth Rd Unit 16 Detroit, MI 2.0 1.0 1009 $825 $0.82 45d 1 0.55mi
10002 Manor Unit 1 Detroit, MI 2.0 1.0 1000 $1,050 $1.05 45d 1 0.64mi
10002 Manor Unit 2 Detroit, MI 3.0 1.0 1100 $1,150 $1.05 45d 1 0.64mi
13620 Kentucky St Detroit, MI 3.0 1.0 1248 $1,200 $0.96 6d 1 0.65mi
13910 Kentucky St Detroit, MI 2.0 1.0 1680 $1,000 $0.60 45d 1 0.71mi
13965 Mendota St Detroit, MI 3.0 1.0 1222 $1,294 $1.06 18d 1 0.72mi
10359 Violetlawn St Unit 1 Detroit, MI 2.0 1.0 1200 $985 $0.82 45d 1 0.80mi
13979 Cherrylawn St Detroit, MI 3.0 1.0 1296 $1,334 $1.03 21d 1 0.84mi
10303 Morley St #1 Detroit, MI 2.0 1.0 950 $950 $1.00 45d 1 0.85mi
9558 Meyers Rd Detroit, MI 3.0 1.0 950 $1,150 $1.21 45d 1 0.88mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 18d 1 0.96mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 3d 1 0.96mi
12415 Monica St Detroit, MI 2.0 1.0 1000 $1,200 $1.20 45d 1 0.99mi
14242 Ohio St Detroit, MI 4.0 1.0 1400 $1,000 $0.71 45d 1 1.00mi
13620 Tuller St Detroit, MI 4.0 1.0 1064 $1,374 $1.29 14d 1 1.02mi
12123 Santa Rosa Dr Detroit, MI 2.0 1.0 1680 $1,000 $0.60 25d 1 1.05mi
12032 Santa Rosa Dr Unit 1 Detroit, MI 3.0 1.0 900 $1,278 $1.42 0d 1 1.09mi
12663 Stoepel St Detroit, MI 2.0 1.0 1100 $1,050 $0.95 23d 1 1.11mi
12019 Stoepel St Detroit, MI 2.0 1.0 1000 $943 $0.94 6d 1 1.12mi
9355 Ward St Detroit, MI 3.0 1.0 1200 $1,327 $1.11 45d 1 1.14mi
9209 Pinehurst St Detroit, MI 3.0 1.0 1589 $1,500 $0.94 45d 1 1.15mi
Ohio St Unit 4 Detroit, MI 4.0 1.5 1400 $750 $0.54 45d 1 1.18mi
9340 Hartwell St Detroit, MI 3.0 1.0 1000 $1,364 $1.36 45d 1 1.25mi
14550 Northlawn St Detroit, MI 3.0 2.0 950 $1,200 $1.26 18d 1 1.27mi
12778 Strathmoor St Detroit, MI 3.0 1.0 1597 $1,150 $0.72 6d 1 1.30mi
9022 Northlawn St Detroit, MI 2.0 1.0 1100 $1,300 $1.18 25d 1 1.33mi
4336 Buena Vista St Detroit, MI 3.0 1.0 1300 $1,100 $0.85 45d 1 1.38mi
4341 Glendale St Detroit, MI 4.0 2.5 1832 $1,680 $0.92 6d 1 1.39mi
14881 Mendota St Detroit, MI 3.0 1.0 1026 $1,100 $1.07 25d 1 1.39mi
13331 Strathmoor St Detroit, MI 3.0 1.0 1084 $1,100 $1.01 18d 1 1.40mi
14656 Roselawn St Detroit, MI 3.0 1.0 1000 $1,200 $1.20 18d 1 1.40mi
12754 Marlowe St Detroit, MI 3.0 2.0 1008 $1,400 $1.39 18d 1 1.40mi
14284 Cruse St Detroit, MI 3.0 1.0 1121 $1,150 $1.03 18d 1 1.41mi
4287 W Grand St Unit 4289 Detroit, MI 3.0 1.0 1250 $1,000 $0.80 45d 1 1.41mi

Listing history 20 events

  1. 2026-06-21
    days on market $84,900 Active 188 DOM
  2. 2026-06-18
    days on market $84,900 Active 185 DOM
  3. 2026-06-17
    days on market $84,900 Active 184 DOM
  4. 2026-06-15
    days on market $84,900 Active 182 DOM
  5. 2026-06-13
    days on market $84,900 Active 180 DOM
  6. 2026-06-13
    days on market $84,900 Active 179 DOM
  7. 2026-06-09
    days on market $84,900 Active 176 DOM
  8. 2026-06-08
    days on market $84,900 Active 175 DOM
  9. 2026-06-07
    days on market $84,900 Active 174 DOM
  10. 2026-06-04
    days on market $84,900 Active 171 DOM
  11. 2026-06-03
    days on market $84,900 Active 170 DOM
  12. 2026-06-01
    days on market $84,900 Active 168 DOM
  13. 2026-05-31
    days on market $84,900 Active 167 DOM
  14. 2026-04-02
    price $84,900 661-char remark
    Show marketing remark (661 chars)

    SECTION 8 TENANT OCCUPIED BRICK CAPE COD HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE AND EAST OF MEYERS ROAD. THIS HOME FEATURES A COVERED FRONT PORCH, INVITING LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 AND IS PAID BY SECTION 8 100%. TENANT IS CURRENTLY MONTH TO MONTH BUT WISHES TO STAY. PHOTS ARE FROM 2023, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  15. 2026-04-02
    price $84,900 661-char remark
    Show marketing remark (661 chars)

    SECTION 8 TENANT OCCUPIED BRICK CAPE COD HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE AND EAST OF MEYERS ROAD. THIS HOME FEATURES A COVERED FRONT PORCH, INVITING LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 AND IS PAID BY SECTION 8 100%. TENANT IS CURRENTLY MONTH TO MONTH BUT WISHES TO STAY. PHOTS ARE FROM 2023, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  16. 2026-01-30
    price $88,900 661-char remark
    Show marketing remark (661 chars)

    SECTION 8 TENANT OCCUPIED BRICK CAPE COD HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE AND EAST OF MEYERS ROAD. THIS HOME FEATURES A COVERED FRONT PORCH, INVITING LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 AND IS PAID BY SECTION 8 100%. TENANT IS CURRENTLY MONTH TO MONTH BUT WISHES TO STAY. PHOTS ARE FROM 2023, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  17. 2026-01-29
    price $88,900 661-char remark
    Show marketing remark (661 chars)

    SECTION 8 TENANT OCCUPIED BRICK CAPE COD HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE AND EAST OF MEYERS ROAD. THIS HOME FEATURES A COVERED FRONT PORCH, INVITING LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 AND IS PAID BY SECTION 8 100%. TENANT IS CURRENTLY MONTH TO MONTH BUT WISHES TO STAY. PHOTS ARE FROM 2023, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  18. 2025-12-15
    listed $89,900 Active 661-char remark
    Show marketing remark (661 chars)

    SECTION 8 TENANT OCCUPIED BRICK CAPE COD HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE AND EAST OF MEYERS ROAD. THIS HOME FEATURES A COVERED FRONT PORCH, INVITING LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 AND IS PAID BY SECTION 8 100%. TENANT IS CURRENTLY MONTH TO MONTH BUT WISHES TO STAY. PHOTS ARE FROM 2023, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  19. 2025-12-15
    listed $89,900 Active 661-char remark
    Show marketing remark (661 chars)

    SECTION 8 TENANT OCCUPIED BRICK CAPE COD HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE AND EAST OF MEYERS ROAD. THIS HOME FEATURES A COVERED FRONT PORCH, INVITING LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 AND IS PAID BY SECTION 8 100%. TENANT IS CURRENTLY MONTH TO MONTH BUT WISHES TO STAY. PHOTS ARE FROM 2023, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  20. 2019-01-03
    soldstatus $420,000

ⓘ 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
$694 · $58/mo
Projected year-2 tax
$1,001 · $83/mo
Expected delta
+$307/yr (+$26/mo · 44.2%)

ⓘ 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 2/10 Low 7 d/yr ≥97°F today · 13 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$14,334
− Mortgage interest
−$4,756
− Property taxes
−$694
− Insurance
−$424
− Repairs & maintenance
−$1,147
− Management
−$1,147
− Depreciation
−$2,470
Taxable income
$3,696
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$887
After-tax cash flow
$3,975/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)
20,696
Household income
$34,468
Rent vs Own
45.0% rent · 55.0% own
Severe rent burden
1418.0

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 (86%)
Race & ethnicity
Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
Hispanic origin (detail)
Mexican 4%
Common ancestry
Hispanic 1% Romanian 1%
Foreign-born
2% · Canada
Languages at home
95% English-only · Spanish 4%

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
▲ 36.51%
Current HPI
234.0465
Rent YoY
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

-79.8% since first listed
7 events — show timeline
  • 2026-04-02 Price Changed $84,900 MiRealSource-MiMLS
  • 2026-04-02 Price Changed $84,900 REALCOMP
  • 2026-01-30 Price Changed $88,900 MiRealSource-MiMLS
  • 2026-01-29 Price Changed $88,900 REALCOMP
  • 2025-12-15 Listed $89,900 REALCOMP
  • 2025-12-15 Listed $89,900 MiRealSource-MiMLS
  • 2019-01-03 Sold (Public Records) $420,000 Public Records

Property tax history

-6.8%/yr

Latest (2025): $694 · -53.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…