4102 Somerset Ave · Detroit, MI 48224

$69,900

3 bd · 1.0 ba · 1,210 sqft · SingleFamily public records · 51 Days on market

Built 1939 4,792 sqft lot $58/sqft · 36% below area Est $109k · 36% under

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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
• ARV discount +15.0/15.0
• 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
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Investment-ready opportunity: a solid 3-bedroom ranch that’s currently rented, offering immediate income for the right buyer. Located close to shopping, and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. * * * * * Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions. * * * * * Owner will provide property vacant at closing with acceptable terms if buyer wants. Owner has other rentals properties to sell and this can be bought individually or as a package deal. The other addresses are 6334 Hereford, and 8810 Farmbrook all in Detroit. All information dee

Key facts

• Currently rented
• Solid ranch
• Convenient area

Tags

• INVESTMENT READY OPPORTUNITY
• SOLID RANCH
• CURRENTLY RENTED
• IMMEDIATE INCOME
• CONVENIENT AREA
• CLOSE TO SHOPPING

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two-story; Ground-level entry with steps; Brick construction
• Construction: Asphalt roof; Block foundation
• Exterior features: Back yard fencing; Paved road access

Interior

• Bedrooms: 6 total rooms (bedroom count not specified)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Gas water heater; Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.7% 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 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 37% 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 $483 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 $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 29y 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.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price; built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.99% ✓
• Cap rate: 14.67%
• Cash-on-cash: 29.92%
• DSCR: 2.33
• GRM: 4.2

CMA / ARV

• ARV (median comp): $108,629
• List price: $69,900
• Delta: -35.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3677 Somerset Ave	0.18mi	3/1.0	1,154 (-5%)	0mo	$69,000	$60	83
4619 Balfour Rd	0.27mi	3/1.0	1,188 (-2%)	2mo	$44,000	$37	83
4404 Somerset Ave	0.22mi	3/1.0	1,292 (+7%)	0mo	$190,000	$147	78
1332 Wayburn St	0.66mi	3/1.0	1,248 (+3%)	3mo	$335,000	$268	62
4820 Lakepointe St	0.44mi	3/1.5	1,100 (-9%)	2mo	$160,000	$145	61
3619 Buckingham Ave	0.31mi	3/1.5	1,374 (+14%)	1mo	$175,000	$127	60
4605 Devonshire Rd	0.40mi	3/1.0	1,357 (+12%)	1mo	$139,000	$102	60
4871 Lakepointe St	0.49mi	3/1.5	1,100 (-9%)	2mo	$160,000	$145	58
1330 Beaconsfield St	0.60mi	4/1.0 (+1)	1,144 (-6%)	0mo	$285,000	$249	58
5050 Somerset Ave	0.55mi	3/1.0	1,356 (+12%)	1mo	$84,900	$63	54
4844 Manistique St	0.63mi	3/1.0	1,088 (-10%)	2mo	$19,900	$18	52
4890 Three Mile Dr	0.64mi	4/1.5 (+1)	1,308 (+8%)	3mo	$150,000	$115	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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 21.6%
• Equity multiple: 1.86×
• Total profit: $16,751
• Equity at exit: $10,422

10-year hold

• IRR: 28.0%
• Equity multiple: 3.19×
• Total profit: $42,840
• Equity at exit: $6,044

Cash invested: $19,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,390 high
• Mortgage (P&I): −$367
• Tax from tax record: −$215 /mo · $2,577/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $488

Break-even live

Break-even rent $773

Max offer price $69,900

Occupancy floor 60%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4151 Nottingham Rd Detroit, MI	2.0	1.0	1022	$1,275	$1.25	17d	1	0.11mi
3625 Chatsworth St Detroit, MI	3.0	1.5	1182	$1,295	$1.10	24d	1	0.23mi
4391 Nottingham Rd Unit 4393 Detroit, MI	2.0	1.0	1038	$950	$0.92	5d	1	0.24mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	17d	1	0.27mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	43d	1	0.36mi
4627 Bedford St Unit 1 Detroit, MI	2.0	1.0	1050	$945	$0.90	20d	1	0.46mi
1415 Maryland St Grosse Pointe Park, MI	3.0	1.0	700	$1,275	$1.82	43d	1	0.51mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	43d	1	0.54mi
1312 Somerset Ave Grosse Pointe Park, MI	2.0	1.0	1200	$1,400	$1.17	16d	1	0.61mi
1367 Wayburn St Unit 1 Grosse Pointe Park, MI	3.0	1.0	816	$1,250	$1.53	43d	1	0.62mi
1348 Wayburn St Grosse Pointe, MI	3.0	2.0	1035	$2,200	$2.13	24d	1	0.63mi
5031 Bedford St Detroit, MI	2.0	1.0	876	$1,870	$2.13	1d	1	0.66mi
1314 Maryland St Grosse Pointe Park, MI	2.0	1.0	1008	$1,250	$1.24	43d	1	0.66mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	5d	1	0.67mi
1300 Maryland St Grosse Pointe Park, MI	2.0	1.0	900	$1,200	$1.33	21d	1	0.68mi
1300 Maryland St Grosse Pointe Park, MI	2.0	1.0	900	$1,200	$1.33	3d	1	0.68mi
5235 Chatsworth St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.68mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.69mi
1236 Beaconsfield Ave Unit 1 Grosse Pointe Park, MI	2.0	1.0	1100	$1,600	$1.45	24d	1	0.71mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	16d	1	0.75mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.75mi
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	4d	1	0.87mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	15d	1	0.95mi
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	43d	1	0.98mi
1052 Beaconsfield Ave Grosse Pointe Park, MI	2.0	1.0	1000	$1,350	$1.35	17d	1	1.04mi
1042 Wayburn St Grosse Pointe Park, MI	3.0	1.0	1000	$1,575	$1.57	5d	1	1.07mi
17137 Ontario St Unit 1 Detroit, MI	2.0	1.0	982	$1,123	$1.14	24d	1	1.11mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	5d	1	1.20mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	43d	1	1.22mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	43d	1	1.24mi
981 Beaconsfield Ave Grosse Pointe Park, MI	2.0	1.0	1000	$1,095	$1.09	43d	1	1.25mi
890 Neff Rd Grosse Pointe, MI	2.0	1.0	1100	$2,000	$1.82	24d	1	1.32mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	20d	1	1.33mi
9747 Somerset Ave Detroit, MI	2.0	1.0	797	$1,100	$1.38	43d	1	1.34mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	5d	1	1.34mi
1050 Lakewood St Unit 1S Detroit, MI	2.0	1.0	896	$1,100	$1.23	43d	1	1.36mi
5966 Eastlawn St Unit NA Detroit, MI	3.0	1.5	1366	$1,500	$1.10	24d	1	1.36mi
875 Philip St Detroit, MI	3.0	1.0	1353	$1,400	$1.03	43d	1	1.39mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	15d	1	1.41mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	43d	1	1.42mi

Listing history 36 events

1. 2026-06-18
   days on market $69,900 Active 51 DOM
2. 2026-06-17
   days on market $69,900 Active 50 DOM
3. 2026-06-15
   days on market $69,900 Active 48 DOM
4. 2026-06-13
   days on market $69,900 Active 46 DOM
5. 2026-06-13
   days on market $69,900 Active 45 DOM
6. 2026-06-09
   days on market $69,900 Active 42 DOM
7. 2026-06-08
   days on market $69,900 Active 41 DOM
8. 2026-06-07
   days on market $69,900 Active 40 DOM
9. 2026-06-04
   days on market $69,900 Active 37 DOM
10. 2026-06-03
    days on market $69,900 Active 36 DOM
11. 2026-06-02
    days on market $69,900 Active 35 DOM
12. 2026-06-01
    days on market $69,900 Active 34 DOM
13. 2026-05-31
    days on market $69,900 Active 33 DOM
14. 2026-04-28
    historical
15. 2026-04-28
    listed $69,900 Active 796-char remark
16. 2026-04-28
    historical
17. 2026-04-28
    listed $69,900 Active
18. 2026-04-16
    listed $77,500 Active
19. 2026-04-16
    listed $77,500 Active
20. 2026-04-16
    historical
21. 2026-04-16
    historical
22. 2026-03-22
    listed $79,900 Active
23. 2026-03-22
    listed $79,900 Active
24. 2025-01-01
    historical
25. 2025-01-01
    historical
26. 2024-10-04
    price $80,000
27. 2024-10-04
    price $80,000
28. 2024-09-13
    price $97,000
29. 2024-09-12
    price $97,000
30. 2024-07-25
    listed $119,900 Active
31. 2024-07-25
    listed $119,900 Active
32. 1999-08-30
    soldstatus $82,000
33. 1999-04-14
    listed $85,000
34. 1998-10-14
    soldstatus $22,500
35. 1997-07-11
    historical
36. 1997-01-11
    listed $48,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,577 · $215/mo
• Projected year-2 tax: $2,577 · $215/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 ≥96°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

Taxation est. · year 1

• Rental income: $16,685
• − Mortgage interest: −$3,915
• − Property taxes: −$2,577
• − Insurance: −$350
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$2,033
• Taxable income: $5,141
• Est. tax owed @ 24.0%: −$1,234
• After-tax cash flow: $4,623/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
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+44.1% since first listed

23 events — show timeline

• 2026-04-28 Listed $69,900 MiRealSource-MiMLS
• 2026-04-28 Listing Removed — MiRealSource-MiMLS
• 2026-04-28 Listed $69,900 REALCOMP
• 2026-04-28 Listing Removed — REALCOMP
• 2026-04-16 Listed $77,500 REALCOMP
• 2026-04-16 Listing Removed — REALCOMP
• 2026-04-16 Listing Removed — MiRealSource-MiMLS
• 2026-04-16 Listed $77,500 MiRealSource-MiMLS
• 2026-03-22 Listed $79,900 REALCOMP
• 2026-03-22 Listed $79,900 MiRealSource-MiMLS
• 2025-01-01 Listing Removed — MiRealSource-MiMLS
• 2025-01-01 Listing Removed — REALCOMP
• 2024-10-04 Price Changed $80,000 MiRealSource-MiMLS
• 2024-10-04 Price Changed $80,000 REALCOMP
• 2024-09-13 Price Changed $97,000 MiRealSource-MiMLS
• 2024-09-12 Price Changed $97,000 REALCOMP
• 2024-07-25 Listed $119,900 REALCOMP
• 2024-07-25 Listed $119,900 MiRealSource-MiMLS
• 1999-08-30 Sold (MLS) $82,000 REALCOMP
• 1999-04-14 Listed $85,000 REALCOMP
• 1998-10-14 Sold (Public Records) $22,500 Public Records
• 1997-07-11 Listing Removed — REALCOMP
• 1997-01-11 Listed $48,500 REALCOMP

Property tax history

+3.7%/yr

Latest (2025): $2,577 · -0.8% YoY. Source: county tax records.