4001 E Outer Dr · Detroit, MI 48234

$115,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records

Built 1946 5,227 sqft lot

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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 +21.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +6.6/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 4001 E Outer Drive, a beautifully maintained 3-bedroom, 2-bathroom Colonial that perfectly blends classic architectural character with functional living. Situated on one of Detroit's most iconic and spacious thoroughfares, this home offers an excellent opportunity for homeowners and savvy investors alike. Key Features: Classic Colonial Layout: Enjoy a traditional floor plan featuring a spacious living room centered around a cozy fireplace - perfect for Michigan winters. Kitchen & Dining: The formal dining room flows seamlessly into the kitchen, providing an ideal setup for family meals and holiday entertaining. Bedrooms & Baths: Three generously sized bedrooms are located on the upper level, offering privacy and comfort. With two full bathrooms, morning routines are a breeze for a growing household. Exterior & Parking: The property includes a detached garage, providing secure parking and additional storage space. The backyard offers plenty of room for summer BBQs or a private garden. Prime Location: Located on the historic Outer Drive, you are minutes away from major expressways, local shopping, and community parks. This home captures the essence of Detroit's historic charm while offering the "good bones" and layout sought after in today's market. Whether you are looking for your forever home or a solid addition to your rental portfolio, 4001 E Outer Drive is a must-see. Schedule your private showing today and imagine the possibilities!

Key facts

• 5,227 sq ft lot
• Garage
• Built 1946

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $177 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).

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 rising fast (+6.7%/yr); 227 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• At $1,332/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 2372% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k 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 + 6.7% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 23 sale attempts since 21y 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 $47k; list at $115k implies a 145% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,000

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.16% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.59%
• DSCR: 1.29
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $66,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20000 Concord St	0.10mi	3/1.0	1,200 (0%)	4mo	$140,000	$117	92
19610 Cliff St	0.33mi	3/1.0	1,183 (-1%)	8mo	$45,000	$38	75
19466 Packard St	0.41mi	3/1.0	1,179 (-2%)	6mo	$62,000	$53	73
19985 Packard St	0.29mi	3/2.0	1,152 (-4%)	7mo	$90,000	$78	70
20214 Concord St	0.26mi	3/1.0	1,102 (-8%)	9mo	$40,500	$37	66
19723 Carrie St	0.16mi	3/1.0	1,020 (-15%)	2mo	$85,000	$83	66
19487 Spencer St	0.42mi	3/1.0	1,285 (+7%)	8mo	$53,000	$41	62
20043 Packard St	0.31mi	3/1.0	1,040 (-13%)	6mo	$87,000	$84	58
8078 Rolyat St	0.60mi	3/1.0	1,317 (+10%)	2mo	$40,000	$30	54
20482 Rogge St	0.47mi	3/1.5	1,093 (-9%)	9mo	$60,000	$55	54
18665 Helen St	0.71mi	3/2.0	1,248 (+4%)	9mo	$98,000	$79	49
19363 Packard St	0.45mi	3/1.5	1,368 (+14%)	8mo	$60,000	$44	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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: -1.7%
• Equity multiple: 0.93×
• Total profit: $-2,128
• Equity at exit: $17,147

10-year hold

• IRR: 11.9%
• Equity multiple: 2.11×
• Total profit: $35,846
• Equity at exit: $9,943

Cash invested: $32,200 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 227
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,332 high
• Mortgage (P&I): −$603
• Tax from tax record: −$224 /mo · $2,691/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $177

Break-even live

Break-even rent $1,108

Max offer price $115,000

Occupancy floor 82%

Sensitivity live

Price	-10% $242	-5% $209	+0% $177	+5% $144	+10% $112
Rent	-10% $72	-5% $124	+0% $177	+5% $229	+10% $282
Rate	-1.0pp $235	-0.5pp $206	base $177	+0.5pp $147	+1.0pp $117

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	6d	1	0.26mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	45d	1	0.29mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	0.49mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	25d	1	0.52mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	18d	1	0.76mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	45d	1	0.77mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	18d	1	0.80mi
7060 Victory Ave Warren, MI	3.0	1.0	945	$1,450	$1.53	12d	1	0.84mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	5d	1	0.85mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	45d	1	0.89mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	25d	1	0.90mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	25d	1	0.90mi
7043 Meadow Ave Warren, MI	2.0	1.0	911	$1,274	$1.40	45d	1	0.93mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	23d	1	0.95mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	45d	1	0.95mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	18d	1	1.01mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	3d	1	1.01mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	6d	1	1.03mi
8065 Meadow Ave Warren, MI	2.0	1.0	800	$1,050	$1.31	25d	1	1.04mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	45d	1	1.05mi
7511 Toepfer Rd Warren, MI	3.0	1.0	1032	$1,199	$1.16	23d	1	1.06mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1152	$1,595	$1.38	3d	1	1.07mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1160	$1,595	$1.38	45d	1	1.07mi
18677 Moenart St Detroit, MI	2.0	1.0	1470	$1,200	$0.82	45d	1	1.09mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	45d	1	1.09mi
7275 Chalmers Ave Warren, MI	2.0	1.0	703	$1,200	$1.71	25d	1	1.10mi
8162 Orchard Ave Warren, MI	2.0	1.0	900	$1,000	$1.11	45d	1	1.11mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	25d	1	1.11mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	45d	1	1.14mi
7568 Hudson Ave Unit 2 Warren, MI	2.0	1.0	1415	$900	$0.64	6d	1	1.20mi
7568 Hudson Ave Unit 1 Warren, MI	3.0	1.0	1415	$1,100	$0.78	6d	1	1.20mi
8251 Hudson Ave Warren, MI	3.0	1.0	908	$1,400	$1.54	25d	1	1.33mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	13d	1	1.34mi
8640 Chalmers Ave Warren, MI	3.0	1.0	804	$1,423	$1.77	25d	1	1.36mi
8632 Studebaker Ave Warren, MI	3.0	1.0	761	$1,300	$1.71	4d	1	1.40mi
11377 Sherman Ave Warren, MI	3.0	1.0	1200	$1,400	$1.17	25d	1	1.47mi

Listing history 50 events

1. 2026-04-23
   listed $115,000

   Show marketing remark (1499 chars)

   Welcome to 4001 E Outer Drive, a beautifully maintained 3-bedroom, 2-bathroom Colonial that perfectly blends classic architectural character with functional living. Situated on one of Detroit's most iconic and spacious thoroughfares, this home offers an excellent opportunity for homeowners and savvy investors alike. Key Features: Classic Colonial Layout: Enjoy a traditional floor plan featuring a spacious living room centered around a cozy fireplace - perfect for Michigan winters. Kitchen & Dining: The formal dining room flows seamlessly into the kitchen, providing an ideal setup for family meals and holiday entertaining. Bedrooms & Baths: Three generously sized bedrooms are located on the upper level, offering privacy and comfort. With two full bathrooms, morning routines are a breeze for a growing household. Exterior & Parking: The property includes a detached garage, providing secure parking and additional storage space. The backyard offers plenty of room for summer BBQs or a private garden. Prime Location: Located on the historic Outer Drive, you are minutes away from major expressways, local shopping, and community parks. This home captures the essence of Detroit's historic charm while offering the "good bones" and layout sought after in today's market. Whether you are looking for your forever home or a solid addition to your rental portfolio, 4001 E Outer Drive is a must-see. Schedule your private showing today and imagine the possibilities!

2. 2026-04-23
   historical

   Show marketing remark (1499 chars)

   Welcome to 4001 E Outer Drive, a beautifully maintained 3-bedroom, 2-bathroom Colonial that perfectly blends classic architectural character with functional living. Situated on one of Detroit's most iconic and spacious thoroughfares, this home offers an excellent opportunity for homeowners and savvy investors alike. Key Features: Classic Colonial Layout: Enjoy a traditional floor plan featuring a spacious living room centered around a cozy fireplace - perfect for Michigan winters. Kitchen & Dining: The formal dining room flows seamlessly into the kitchen, providing an ideal setup for family meals and holiday entertaining. Bedrooms & Baths: Three generously sized bedrooms are located on the upper level, offering privacy and comfort. With two full bathrooms, morning routines are a breeze for a growing household. Exterior & Parking: The property includes a detached garage, providing secure parking and additional storage space. The backyard offers plenty of room for summer BBQs or a private garden. Prime Location: Located on the historic Outer Drive, you are minutes away from major expressways, local shopping, and community parks. This home captures the essence of Detroit's historic charm while offering the "good bones" and layout sought after in today's market. Whether you are looking for your forever home or a solid addition to your rental portfolio, 4001 E Outer Drive is a must-see. Schedule your private showing today and imagine the possibilities!

3. 2026-04-23
   historical 1499-char remark

   Show marketing remark (1499 chars)

   Welcome to 4001 E Outer Drive, a beautifully maintained 3-bedroom, 2-bathroom Colonial that perfectly blends classic architectural character with functional living. Situated on one of Detroit's most iconic and spacious thoroughfares, this home offers an excellent opportunity for homeowners and savvy investors alike. Key Features: Classic Colonial Layout: Enjoy a traditional floor plan featuring a spacious living room centered around a cozy fireplace - perfect for Michigan winters. Kitchen & Dining: The formal dining room flows seamlessly into the kitchen, providing an ideal setup for family meals and holiday entertaining. Bedrooms & Baths: Three generously sized bedrooms are located on the upper level, offering privacy and comfort. With two full bathrooms, morning routines are a breeze for a growing household. Exterior & Parking: The property includes a detached garage, providing secure parking and additional storage space. The backyard offers plenty of room for summer BBQs or a private garden. Prime Location: Located on the historic Outer Drive, you are minutes away from major expressways, local shopping, and community parks. This home captures the essence of Detroit's historic charm while offering the "good bones" and layout sought after in today's market. Whether you are looking for your forever home or a solid addition to your rental portfolio, 4001 E Outer Drive is a must-see. Schedule your private showing today and imagine the possibilities!

4. 2026-04-23
   listed $115,000 1499-char remark

   Show marketing remark (1499 chars)

   Welcome to 4001 E Outer Drive, a beautifully maintained 3-bedroom, 2-bathroom Colonial that perfectly blends classic architectural character with functional living. Situated on one of Detroit's most iconic and spacious thoroughfares, this home offers an excellent opportunity for homeowners and savvy investors alike. Key Features: Classic Colonial Layout: Enjoy a traditional floor plan featuring a spacious living room centered around a cozy fireplace - perfect for Michigan winters. Kitchen & Dining: The formal dining room flows seamlessly into the kitchen, providing an ideal setup for family meals and holiday entertaining. Bedrooms & Baths: Three generously sized bedrooms are located on the upper level, offering privacy and comfort. With two full bathrooms, morning routines are a breeze for a growing household. Exterior & Parking: The property includes a detached garage, providing secure parking and additional storage space. The backyard offers plenty of room for summer BBQs or a private garden. Prime Location: Located on the historic Outer Drive, you are minutes away from major expressways, local shopping, and community parks. This home captures the essence of Detroit's historic charm while offering the "good bones" and layout sought after in today's market. Whether you are looking for your forever home or a solid addition to your rental portfolio, 4001 E Outer Drive is a must-see. Schedule your private showing today and imagine the possibilities!

5. 2026-01-12
   soldstatus $47,000
6. 2026-01-05
   soldstatus $47,000 Closed 84-char remark

   Show marketing remark (84 chars)

   OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

7. 2026-01-05
   soldstatus $47,000 Closed

   Show marketing remark (84 chars)

   OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

8. 2026-01-02
   status Pending

   Show marketing remark (84 chars)

   OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

9. 2026-01-02
   status Pending 84-char remark

   Show marketing remark (84 chars)

   OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

10. 2025-09-25
    historical Accepting Backup Offers

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

11. 2025-09-25
    historical Active Under Contract 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

12. 2025-09-02
    status Active

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

13. 2025-09-02
    status Active 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

14. 2025-09-02
    historical

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

15. 2025-09-01
    price $59,000

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

16. 2025-09-01
    price $59,000 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

17. 2025-08-15
    status Active

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

18. 2025-08-15
    status Active 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

19. 2025-08-11
    status Pending

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

20. 2025-08-11
    status Pending 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

21. 2025-08-11
    historical 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

22. 2025-06-13
    price $65,000
23. 2025-06-12
    price $65,000 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

24. 2025-04-17
    price $69,900

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

25. 2025-04-17
    price $69,900 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

26. 2024-12-31
    price $79,900
27. 2024-12-30
    price $79,900 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

28. 2024-11-14
    price $90,000
29. 2024-11-13
    price $90,000 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

30. 2024-10-29
    listed $100,000 Active 84-char remark

    Show marketing remark (84 chars)

    OWNER WANTS THIS PROPERTY SOLD, WRITE OFFER!!! Needs finishing 3 bedroom brick home.

31. 2024-10-28
    listed $100,000 Active
32. 2023-06-26
    historical
33. 2023-06-26
    historical
34. 2023-06-20
    status Active
35. 2023-06-20
    price $52,900
36. 2023-06-19
    price $52,900
37. 2023-06-19
    status Active
38. 2023-03-16
    status Pending
39. 2023-03-16
    status Pending
40. 2023-03-14
    price $64,900
41. 2023-03-13
    price $64,900
42. 2022-10-15
    price $69,900
43. 2022-10-14
    price $69,900
44. 2022-09-16
    price $74,900
45. 2022-09-15
    price $74,900
46. 2022-08-23
    listed $79,900 Active
47. 2022-08-23
    listed $79,900 Active
48. 2021-08-17
    soldstatus $55,000
49. 2021-08-17
    soldstatus $55,000
50. 2021-08-17
    listed $55,000

ⓘ 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: $2,691 · $224/mo
• Projected year-2 tax: $2,691 · $224/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) · 24% 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 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,981
• − Mortgage interest: −$6,442
• − Property taxes: −$2,691
• − Insurance: −$575
• − Repairs & maintenance: −$1,278
• − Management: −$1,278
• − Depreciation: −$3,345
• Taxable income: $371
• Est. tax owed @ 24.0%: −$89
• After-tax cash flow: $2,034/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 1%

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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+16.2% since first listed

72 events — show timeline

• 2026-04-23 Listed $115,000 MiRealSource-MiMLS
• 2026-04-23 Listing Removed — MiRealSource-MiMLS
• 2026-04-23 Listing Removed — REALCOMP
• 2026-04-23 Listed $115,000 REALCOMP
• 2026-01-12 Sold (Public Records) $47,000 Public Records
• 2026-01-05 Sold (MLS) $47,000 MiRealSource-MiMLS
• 2026-01-05 Sold (MLS) $47,000 REALCOMP
• 2026-01-02 Pending — MiRealSource-MiMLS
• 2026-01-02 Pending — REALCOMP
• 2025-09-25 Contingent — MiRealSource-MiMLS
• 2025-09-25 Contingent — REALCOMP
• 2025-09-02 Relisted — MiRealSource-MiMLS
• 2025-09-02 Relisted — REALCOMP
• 2025-09-02 Listing Removed — MiRealSource-MiMLS
• 2025-09-01 Price Changed $59,000 MiRealSource-MiMLS
• 2025-09-01 Price Changed $59,000 REALCOMP
• 2025-08-15 Relisted — MiRealSource-MiMLS
• 2025-08-15 Relisted — REALCOMP
• 2025-08-11 Pending — MiRealSource-MiMLS
• 2025-08-11 Pending — REALCOMP
• 2025-08-11 Listing Removed — REALCOMP
• 2025-06-13 Price Changed $65,000 MiRealSource-MiMLS
• 2025-06-12 Price Changed $65,000 REALCOMP
• 2025-04-17 Price Changed $69,900 MiRealSource-MiMLS
• 2025-04-17 Price Changed $69,900 REALCOMP
• 2024-12-31 Price Changed $79,900 MiRealSource-MiMLS
• 2024-12-30 Price Changed $79,900 REALCOMP
• 2024-11-14 Price Changed $90,000 MiRealSource-MiMLS
• 2024-11-13 Price Changed $90,000 REALCOMP
• 2024-10-29 Listed $100,000 REALCOMP
• 2024-10-28 Listed $100,000 MiRealSource-MiMLS
• 2023-06-26 Listing Removed — MiRealSource-MiMLS
• 2023-06-26 Listing Removed — REALCOMP
• 2023-06-20 Relisted — MiRealSource-MiMLS
• 2023-06-20 Price Changed $52,900 MiRealSource-MiMLS
• 2023-06-19 Price Changed $52,900 REALCOMP
• 2023-06-19 Relisted — REALCOMP
• 2023-03-16 Pending — MiRealSource-MiMLS
• 2023-03-16 Pending — REALCOMP
• 2023-03-14 Price Changed $64,900 MiRealSource-MiMLS
• 2023-03-13 Price Changed $64,900 REALCOMP
• 2022-10-15 Price Changed $69,900 MiRealSource-MiMLS
• 2022-10-14 Price Changed $69,900 REALCOMP
• 2022-09-16 Price Changed $74,900 MiRealSource-MiMLS
• 2022-09-15 Price Changed $74,900 REALCOMP
• 2022-08-23 Listed $79,900 MiRealSource-MiMLS
• 2022-08-23 Listed $79,900 REALCOMP
• 2021-08-17 Listed $55,000 MiRealSource-MiMLS
• 2021-08-17 Listed $55,000 REALCOMP
• 2021-08-17 Sold (MLS) $55,000 MiRealSource-MiMLS
• 2021-08-17 Sold (MLS) $55,000 REALCOMP
• 2021-04-26 Sold (Public Records) $55,000 Public Records
• 2013-09-17 Listing Removed — REALCOMP
• 2013-09-17 Listing Removed — MiRealSource-MiMLS
• 2013-05-17 Listed $35,000 REALCOMP
• 2013-05-17 Listed $35,000 MiRealSource-MiMLS
• 2009-06-17 Sold (MLS) $9,000 REALCOMP
• 2009-02-11 Listed $7,900 REALCOMP
• 2007-07-09 Sold (Public Records) $90,000 Public Records
• 2007-06-20 Sold (MLS) $36,500 REALCOMP
• 2007-06-20 Sold (MLS) $36,500 MiRealSource-MiMLS
• 2007-05-15 Listing Removed — MiRealSource-MiMLS
• 2007-05-14 Listed $37,900 REALCOMP
• 2007-05-08 Listing Removed — REALCOMP
• 2007-04-02 Listing Removed — REALCOMP
• 2007-03-30 Listed $37,900 REALCOMP
• 2007-03-30 Listed $37,900 MiRealSource-MiMLS
• 2006-08-27 Listed $38,000 REALCOMP
• 2005-04-11 Listing Removed — REALCOMP
• 2005-04-11 Listing Removed — MiRealSource-MiMLS
• 2005-01-11 Listed $99,000 REALCOMP
• 2005-01-10 Listed $99,000 MiRealSource-MiMLS

Property tax history

+2.9%/yr

Latest (2025): $2,691 · -54.4% YoY. Source: county tax records.