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12652 Laing St
C+ Composite 62.53
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
  • Livability +3.7/5.0
  • Rent growth +2.7/5.0
  • Condition / age +2.5/5.0
  • ARV discount +2.4/15.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$62,500

12652 Laing St · Detroit, MI 48224
3 bd · 1.0 ba · 1,039 sqft · SingleFamily public records · 58 Days on market
Built 1943 5,227 sqft lot $60/sqft · 11% above area Est $56k · 11% over ↓ 4% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

LONG STANDING TENANT OCCUPIED PROPERTY LOCATED JUST SOUTH OF MOROSS AND EAST OF KELLY. THIS TENANT HAS BEEN IN THE HOME SINCE FEB. 2020, AND IS CURRENTLY MONTH TO MONTH. THE TENANT DOES WISH TO STAY. RENT AMOUNT IS 750/MONTH AND A 950 SEC DEP IS HELD. THIS HOME FEATURES A 1.5 CAR DETACHED GARAGE, COVERED FRONT PORCH, HARDWOOD FLOORS THROUGH OUT, EAT IN KITCHEN, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINSIHED BASEMENT. THIS PROPERTY IS CITY CERTIFIED AND HAS A C OF C UNTIL NOVEMBER 2027! 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
  • Eat in kitchen
  • Unfinished basement

Tags

DETACHED GARAGECOVERED FRONT PORCHHARDWOOD FLOORSEAT IN KITCHENUNFINISHED 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 $62k.

Deal economics

  • At list price, monthly cash flow is $589 ($7k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $62k).
  • Recommended offer: $61k (3.0% below list) — sets the bar for market timing.
  • Cap rate 17.6% 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 flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 36% of the median local income ($45k/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 $432 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 + 0.7% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 58 days — a 3% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
  • 14 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.

Risks & watch-outs

  • Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $60,625 (3.0% below list)

Questions for the listing agent

  1. It's been on market 58 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 1943 — 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
2.15%
Cap rate
17.60%
Cash-on-cash
40.37%
DSCR
2.80
GRM
3.9

CMA / ARV

ARV (median comp)
$56,129
List price
$62,500
Delta
11.35%
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
12893 Payton St 0.22mi 3/1.0 1,020 (-2%) 1mo $75,000 $74 86
11545 Roxbury St 0.47mi 3/1.0 1,003 (-4%) 1mo $65,000 $65 72
12519 Riad St 0.30mi 3/1.0 1,135 (+9%) 0mo $100,000 $88 70
11640 Somerset Ave 0.55mi 3/2.0 1,028 (-1%) 0mo $70,000 $68 68
18905 Woodland St 0.60mi 3/1.5 1,023 (-2%) 1mo $105,000 $103 67
16301 Coram St 0.46mi 3/1.0 929 (-11%) 1mo $19,500 $21 60
18746 Woodside St 0.44mi 3/1.0 921 (-11%) 2mo $110,000 $119 59
16277 Liberal St 0.59mi 3/1.0 945 (-9%) 1mo $25,000 $26 57
16209 Tacoma St 0.72mi 3/1.0 968 (-7%) 1mo $62,900 $65 55
11017 Worden St 0.71mi 3/1.0 961 (-8%) 0mo $47,500 $49 54
16107 Manning St 0.67mi 3/1.0 925 (-11%) 2mo $61,000 $66 49
19745 Kelly Rd Rd 0.66mi 3/1.0 1,176 (+13%) 1mo $105,000 $89 46

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

Projected returns pro-forma

-3.0% appreciation · 0.73% rent growth · sell at horizon

5-year hold
IRR
34.1%
Equity multiple
2.39×
Total profit
$24,410
Equity at exit
$9,319
10-year hold
IRR
39.7%
Equity multiple
4.31×
Total profit
$57,947
Equity at exit
$5,404

Cash invested: $17,500 (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 48224

Rents YoY
0.7%
Active inventory
484
Price-to-rent
3.9×

Monthly cashflow live

Estimated rent
$1,345 high interval (Pro) →
Mortgage (P&I)
$328
Tax from tax record
$120 /mo · $1,440/yr
Insurance
$26
HOA
$0
Vacancy / Maint / Mgmt
$282
Net cashflow
$589

Break-even live

Break-even rent $600
Max offer price $62,500
Occupancy floor 51%

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
$15,625
Closing costs
$1,875
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
19144 Moross Rd Detroit, MI 2.0 1.0 900 $1,050 $1.17 44d 1 0.15mi
12716 Riad St Detroit, MI 3.0 1.0 974 $1,275 $1.31 17d 1 0.18mi
12075 Rossiter St Detroit, MI 3.0 1.0 1100 $1,245 $1.13 15d 1 0.22mi
12075 Rossiter St Detroit, MI 3.0 1.0 1100 $1,245 $1.13 44d 1 0.22mi
18530 Kingsville St Harper Woods, MI 3.0 1.5 1396 $1,375 $0.98 17d 1 0.27mi
19365 Kingsville St Harper Woods, MI 4.0 1.5 996 $1,650 $1.66 15d 1 0.34mi
16212 Maddelein St Detroit, MI 2.0 1.0 800 $1,200 $1.50 12d 1 0.36mi
11776 Rossiter St Detroit, MI 3.0 1.0 964 $1,150 $1.19 11d 1 0.37mi
19435 McCormick St Detroit, MI 3.0 2.0 1148 $1,300 $1.13 17d 1 0.38mi
19442 Kingsville St Harper Woods, MI 3.0 1.0 1000 $1,500 $1.50 17d 1 0.40mi
16031 E 7 Mile Rd #5 Detroit, MI 2.0 1.0 1204 $1,200 $1.00 3d 1 0.42mi
11911 Lansdowne St Detroit, MI 4.0 1.0 1350 $1,400 $1.04 44d 1 0.45mi
19639 Moross Rd Unit 1 Detroit, MI 2.0 1.0 900 $1,100 $1.22 44d 1 0.46mi
19152 Woodside St Harper Woods, MI 3.0 1.0 916 $1,500 $1.64 17d 1 0.46mi
11611 Morang Ave Detroit, MI 1.0–2.0 1.0 709 $1,040 $1.47 44d 1 0.47mi
11529 Roxbury St Detroit, MI 2.0 1.0 720 $1,200 $1.67 12d 1 0.47mi
11689 Wayburn St Detroit, MI 3.0 1.0 1142 $1,350 $1.18 44d 1 0.48mi
15909 Maddelein St Detroit, MI 3.0 1.0 894 $1,266 $1.42 44d 1 0.48mi
11620 Rossiter St Detroit, MI 3.0 1.0 1140 $1,200 $1.05 17d 1 0.49mi
19661 Kenosha St Harper Woods, MI 3.0 2.0 1000 $1,400 $1.40 24d 1 0.56mi
15616 E 7 Mile Rd Detroit, MI 3.0 1.5 1150 $1,150 $1.00 17d 1 0.59mi
15494 Mapleridge St Detroit, MI 3.0 1.0 937 $1,275 $1.36 44d 1 0.65mi
16225 Manning St Detroit, MI 4.0 2.0 1036 $1,475 $1.42 44d 1 0.67mi
11235 Roxbury St Detroit, MI 3.0 1.0 1062 $1,325 $1.25 17d 1 0.68mi
19982 McCormick St Detroit, MI 3.0 1.0 866 $1,200 $1.39 3d 1 0.68mi
15604 Coram St Detroit, MI 3.0 1.0 1210 $1,000 $0.83 44d 1 0.72mi
16446 E State Fair St Detroit, MI 2.0 1.0 1200 $1,350 $1.12 24d 1 0.73mi
10985 Peerless St Detroit, MI 3.0 1.0 1000 $1,364 $1.36 5d 1 0.75mi
10692 Meuse St Detroit, MI 3.0 1.0 955 $1,250 $1.31 12d 1 0.82mi
10870 Marne St Detroit, MI 3.0 1.0 1156 $1,100 $0.95 17d 1 0.84mi
10400 Britain St Detroit, MI 3.0 1.0 890 $1,100 $1.24 44d 1 0.88mi
10370 Britain St Detroit, MI 3.0 1.0 1100 $1,100 $1.00 44d 1 0.90mi
10803 Roxbury St Detroit, MI 3.0 1.0 1150 $900 $0.78 20d 1 0.96mi
20461 Kingsville St Harper Woods, MI 4.0 1.0 1100 $1,399 $1.27 15d 1 0.97mi
16291 Eastburn St Detroit, MI 3.0 1.0 1000 $1,364 $1.36 24d 1 0.97mi
10177 Boleyn St Detroit, MI 3.0 1.0 767 $1,250 $1.63 44d 1 0.98mi
10542 Lanark St Detroit, MI 3.0 1.0 1023 $1,250 $1.22 44d 1 0.99mi
16242 Bringard Dr Detroit, MI 3.0 1.0 1350 $1,300 $0.96 5d 1 1.01mi
9313 Harvard Rd Detroit, MI 3.0 1.5 1329 $1,200 $0.90 17d 1 1.02mi
15010 Cedargrove St Detroit, MI 3.0 1.5 1018 $1,350 $1.33 44d 1 1.04mi

Listing history 41 events

  1. 2026-06-18
    days on market $62,500 Active 58 DOM
  2. 2026-06-17
    days on market $62,500 Active 57 DOM
  3. 2026-06-15
    days on market $62,500 Active 55 DOM
  4. 2026-06-13
    days on market $62,500 Active 53 DOM
  5. 2026-06-13
    days on market $62,500 Active 52 DOM
  6. 2026-06-09
    days on market $62,500 Active 49 DOM
  7. 2026-06-08
    days on market $62,500 Active 48 DOM
  8. 2026-06-07
    days on market $62,500 Active 47 DOM
  9. 2026-06-04
    days on market $62,500 Active 44 DOM
  10. 2026-06-03
    days on market $62,500 Active 43 DOM
  11. 2026-06-02
    days on market $62,500 Active 42 DOM
  12. 2026-06-01
    days on market $62,500 Active 41 DOM
  13. 2026-05-31
    days on market $62,500 Active 40 DOM
  14. 2026-05-06
    status Active 691-char remark
    Show marketing remark (692 chars)

    LONG STANDING TENANT OCCUPIED PROPERTY LOCATED JUST SOUTH OF MOROSS AND EAST OF KELLY. THIS TENANT HAS BEEN IN THE HOME SINCE FEB. 2020, AND IS CURRENTLY MONTH TO MONTH. THE TENANT DOES WISH TO STAY. RENT AMOUNT IS 750/MONTH AND A 950 SEC DEP IS HELD. THIS HOME FEATURES A 1.5 CAR DETACHED GARAGE, COVERED FRONT PORCH, HARDWOOD FLOORS THROUGH OUT, EAT IN KITCHEN, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINSIHED BASEMENT. THIS PROPERTY IS CITY CERTIFIED AND HAS A C OF C UNTIL NOVEMBER 2027! 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. 2026-05-06
    status Active 692-char remark
    Show marketing remark (692 chars)

    LONG STANDING TENANT OCCUPIED PROPERTY LOCATED JUST SOUTH OF MOROSS AND EAST OF KELLY. THIS TENANT HAS BEEN IN THE HOME SINCE FEB. 2020, AND IS CURRENTLY MONTH TO MONTH. THE TENANT DOES WISH TO STAY. RENT AMOUNT IS 750/MONTH AND A 950 SEC DEP IS HELD. THIS HOME FEATURES A 1.5 CAR DETACHED GARAGE, COVERED FRONT PORCH, HARDWOOD FLOORS THROUGH OUT, EAT IN KITCHEN, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINSIHED BASEMENT. THIS PROPERTY IS CITY CERTIFIED AND HAS A C OF C UNTIL NOVEMBER 2027! 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. 2026-04-30
    status Pending 691-char remark
    Show marketing remark (692 chars)

    LONG STANDING TENANT OCCUPIED PROPERTY LOCATED JUST SOUTH OF MOROSS AND EAST OF KELLY. THIS TENANT HAS BEEN IN THE HOME SINCE FEB. 2020, AND IS CURRENTLY MONTH TO MONTH. THE TENANT DOES WISH TO STAY. RENT AMOUNT IS 750/MONTH AND A 950 SEC DEP IS HELD. THIS HOME FEATURES A 1.5 CAR DETACHED GARAGE, COVERED FRONT PORCH, HARDWOOD FLOORS THROUGH OUT, EAT IN KITCHEN, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINSIHED BASEMENT. THIS PROPERTY IS CITY CERTIFIED AND HAS A C OF C UNTIL NOVEMBER 2027! 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. 2026-04-30
    status Pending 692-char remark
    Show marketing remark (692 chars)

    LONG STANDING TENANT OCCUPIED PROPERTY LOCATED JUST SOUTH OF MOROSS AND EAST OF KELLY. THIS TENANT HAS BEEN IN THE HOME SINCE FEB. 2020, AND IS CURRENTLY MONTH TO MONTH. THE TENANT DOES WISH TO STAY. RENT AMOUNT IS 750/MONTH AND A 950 SEC DEP IS HELD. THIS HOME FEATURES A 1.5 CAR DETACHED GARAGE, COVERED FRONT PORCH, HARDWOOD FLOORS THROUGH OUT, EAT IN KITCHEN, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINSIHED BASEMENT. THIS PROPERTY IS CITY CERTIFIED AND HAS A C OF C UNTIL NOVEMBER 2027! 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. 2026-04-15
    listed $62,500 Active 692-char remark
    Show marketing remark (691 chars)

    LONG STANDING TENANT OCCUPIED PROPERTY LOCATED JUST SOUTH OF MOROSS AND EAST OF KELLY. THIS TENANT HAS BEEN IN THE HOME SINCE FEB. 2020, AND IS CURRENTLY MONTH TO MONTH. THE TENANT DOES WISH TO STAY. RENT AMOUNT IS 750/MONTH AND A 950 SEC DEP IS HELD. THIS HOME FEATURES A 1.5 CAR DETACHED GARAGE, COVERED FRONT PORCH, HARDWOOD FLOORS THROUGH OUT, EAT IN KITCHEN, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINSIHED BASEMENT. THIS PROPERTY IS CITY CERTIFIED AND HAS A C OF C UNTIL NOVEMBER 2027! 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. 2026-04-15
    listed $62,500 Active 691-char remark
    Show marketing remark (691 chars)

    LONG STANDING TENANT OCCUPIED PROPERTY LOCATED JUST SOUTH OF MOROSS AND EAST OF KELLY. THIS TENANT HAS BEEN IN THE HOME SINCE FEB. 2020, AND IS CURRENTLY MONTH TO MONTH. THE TENANT DOES WISH TO STAY. RENT AMOUNT IS 750/MONTH AND A 950 SEC DEP IS HELD. THIS HOME FEATURES A 1.5 CAR DETACHED GARAGE, COVERED FRONT PORCH, HARDWOOD FLOORS THROUGH OUT, EAT IN KITCHEN, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINSIHED BASEMENT. THIS PROPERTY IS CITY CERTIFIED AND HAS A C OF C UNTIL NOVEMBER 2027! 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. 2026-03-09
    historical
  21. 2026-02-18
    status Active
  22. 2026-02-18
    status Active
  23. 2026-01-26
    status Pending
  24. 2026-01-26
    status Pending
  25. 2026-01-26
    historical
  26. 2025-11-25
    listed $62,500 Active
  27. 2025-11-25
    listed $62,500 Active
  28. 2025-11-13
    historical
  29. 2025-10-17
    status Active
  30. 2025-10-17
    status Active
  31. 2025-09-16
    status Pending
  32. 2025-09-16
    status Pending
  33. 2025-09-16
    historical
  34. 2025-09-09
    price $62,500
  35. 2025-09-08
    price $62,500
  36. 2025-07-30
    status Active
  37. 2025-07-30
    status Active
  38. 2025-07-16
    status Pending
  39. 2025-07-16
    status Pending
  40. 2025-07-10
    listed $64,900 Active
  41. 2025-07-10
    listed $64,900 Active

ⓘ 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
$1,440 · $120/mo
Projected year-2 tax
$1,440 · $120/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
$16,139
− Mortgage interest
−$3,501
− Property taxes
−$1,440
− Insurance
−$312
− Repairs & maintenance
−$1,291
− Management
−$1,291
− Depreciation
−$1,818
Taxable income
$6,485
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,557
After-tax cash flow
$5,508/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)
39,668
Household income
$44,856
Rent vs Own
44.1% rent · 55.9% own
Severe rent burden
2515.0

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 (88%)
Race & ethnicity
Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
Common ancestry
Iranian 1% Romanian 1% Lithuanian 1%
Foreign-born
1%
Languages at home
97% English-only · Spanish 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
▼ -226.38%
Current HPI
161.886
Rent YoY
▲ 0.73%
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

-3.7% since first listed
28 events — show timeline
  • 2026-05-06 Relisted MiRealSource-MiMLS
  • 2026-05-06 Relisted REALCOMP
  • 2026-04-30 Pending MiRealSource-MiMLS
  • 2026-04-30 Pending REALCOMP
  • 2026-04-15 Listed $62,500 REALCOMP
  • 2026-04-15 Listed $62,500 MiRealSource-MiMLS
  • 2026-03-09 Listing Removed MiRealSource-MiMLS
  • 2026-02-18 Relisted MiRealSource-MiMLS
  • 2026-02-18 Relisted REALCOMP
  • 2026-01-26 Pending MiRealSource-MiMLS
  • 2026-01-26 Pending REALCOMP
  • 2026-01-26 Listing Removed REALCOMP
  • 2025-11-25 Listed $62,500 REALCOMP
  • 2025-11-25 Listed $62,500 MiRealSource-MiMLS
  • 2025-11-13 Listing Removed MiRealSource-MiMLS
  • 2025-10-17 Relisted MiRealSource-MiMLS
  • 2025-10-17 Relisted REALCOMP
  • 2025-09-16 Pending MiRealSource-MiMLS
  • 2025-09-16 Pending REALCOMP
  • 2025-09-16 Listing Removed REALCOMP
  • 2025-09-09 Price Changed $62,500 MiRealSource-MiMLS
  • 2025-09-08 Price Changed $62,500 REALCOMP
  • 2025-07-30 Relisted MiRealSource-MiMLS
  • 2025-07-30 Relisted REALCOMP
  • 2025-07-16 Pending REALCOMP
  • 2025-07-16 Pending MiRealSource-MiMLS
  • 2025-07-10 Listed $64,900 REALCOMP
  • 2025-07-10 Listed $64,900 MiRealSource-MiMLS

Property tax history

-1.8%/yr

Latest (2025): $1,440 · -54.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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