19344 Bradford St · Detroit, MI 48205

$65,000

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 79 Days on market

Built 1947 5,227 sqft lot $71/sqft · 21% above area Est $54k · 21% over

---

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 +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity! This 3-bedroom bungalow is currently tenant-occupied, generating $1,140/month in rental income. Solid cash flow potential with an established renter in place. Ideal for investors looking to add a performing asset to their portfolio. Please do not disturb tenant. Showing after accepted offer.

Key facts

• 5,227 sq ft lot
• Built 1947
• Listed 79 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $548 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $61k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.4% 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 rising (+1.3%/yr); 373 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 40% of the median local income ($39k/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 $449 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 + 1.3% 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 79 days — a 6% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 24y ago; this cycle's ask has dropped $20k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $4k; list at $65k implies a 1344% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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: 2.02% ✓
• Cap rate: 16.41%
• Cash-on-cash: 36.15%
• DSCR: 2.61
• GRM: 4.1

CMA / ARV

• ARV (median comp): $53,809
• List price: $65,000
• Delta: 20.80%
• 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
19161 Hamburg St	0.19mi	3/1.0	960 (+5%)	2mo	$116,000	$121	81
18982 Hamburg St	0.29mi	3/1.0	952 (+4%)	3mo	$45,000	$47	77
19361 Beland St	0.43mi	3/1.0	901 (-1%)	2mo	$47,500	$53	76
19633 Barlow St	0.31mi	3/1.5	962 (+6%)	3mo	$72,000	$75	72
18488 Waltham St	0.56mi	3/1.0	902 (-1%)	4mo	$56,000	$62	69
19616 Westphalia St	0.49mi	3/1.0	884 (-3%)	4mo	$60,000	$68	69
19140 Algonac St	0.49mi	2/1.0 (-1)	892 (-2%)	1mo	$46,000	$52	68
19591 Strasburg St	0.19mi	3/1.5	1,034 (+13%)	3mo	$89,000	$86	64
19730 Goulburn St	0.47mi	3/1.5	977 (+7%)	1mo	$114,000	$117	64
20218 Goulburn St	0.71mi	3/1.0	965 (+6%)	1mo	$12,000	$12	56
19758 Waltham St	0.42mi	3/1.0	790 (-13%)	3mo	$6,000	$8	55
18696 Blackmoor St	0.70mi	3/1.0	1,010 (+11%)	0mo	$77,500	$77	49

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 29.9%
• Equity multiple: 2.22×
• Total profit: $22,255
• Equity at exit: $9,692

10-year hold

• IRR: 36.2%
• Equity multiple: 4.07×
• Total profit: $55,898
• Equity at exit: $5,620

Cash invested: $18,200 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,315 high
• Mortgage (P&I): −$341
• Tax from tax record: −$123 /mo · $1,472/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $548

Break-even live

Break-even rent $621

Max offer price $65,000

Occupancy floor 53%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	44d	1	0.21mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	0.21mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.41mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	0.43mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	0.50mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	44d	1	0.58mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	17d	1	0.60mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	0.64mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.64mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	22d	1	0.64mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	44d	1	0.69mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.75mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	17d	1	0.75mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	0.77mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	17d	1	0.78mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	3d	1	0.78mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	17d	1	0.88mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	0.94mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	17d	1	0.96mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.99mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	0.99mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	1.04mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	12d	1	1.18mi
21412 Waltham Rd Warren, MI	2.0	1.0	696	$1,225	$1.76	44d	1	1.22mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.27mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	44d	1	1.33mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	24d	1	1.33mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	24d	1	1.37mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	44d	1	1.37mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	44d	1	1.38mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	17d	1	1.38mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	24d	1	1.39mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.43mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	5d	1	1.45mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	44d	1	1.47mi
11319 Chalmers Ave Warren, MI	3.0	1.0	975	$1,500	$1.54	24d	1	1.47mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	17d	1	1.47mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	1.48mi

Listing history 42 events

1. 2026-06-18
   remarks 413-char remark
2. 2026-06-18
   price $65,000 Active 79 DOM
3. 2026-06-18
   days on market $69,900 Active 79 DOM
4. 2026-06-17
   days on market $69,900 Active 78 DOM
5. 2026-06-15
   days on market $69,900 Active 76 DOM
6. 2026-06-13
   days on market $69,900 Active 74 DOM
7. 2026-06-13
   days on market $69,900 Active 73 DOM
8. 2026-06-09
   days on market $69,900 Active 70 DOM
9. 2026-06-08
   days on market $69,900 Active 69 DOM
10. 2026-06-07
    days on market $69,900 Active 68 DOM
11. 2026-06-04
    days on market $69,900 Active 65 DOM
12. 2026-06-03
    days on market $69,900 Active 64 DOM
13. 2026-06-02
    pricedays on market $69,900 Active 63 DOM
14. 2026-06-01
    days on market $75,000 Active 62 DOM
15. 2026-05-31
    days on market $75,000 Active 61 DOM
16. 2026-05-14
    price $75,000 322-char remark

    Show marketing remark (322 chars)

    Great investment opportunity! This 3-bedroom bungalow is currently tenant-occupied, generating $1,140/month in rental income. Solid cash flow potential with an established renter in place. Ideal for investors looking to add a performing asset to their portfolio. Please do not disturb tenant. Showing after accepted offer.

17. 2026-05-14
    price $75,000 322-char remark

    Show marketing remark (322 chars)

    Great investment opportunity! This 3-bedroom bungalow is currently tenant-occupied, generating $1,140/month in rental income. Solid cash flow potential with an established renter in place. Ideal for investors looking to add a performing asset to their portfolio. Please do not disturb tenant. Showing after accepted offer.

18. 2026-04-28
    price $80,000 322-char remark

    Show marketing remark (322 chars)

    Great investment opportunity! This 3-bedroom bungalow is currently tenant-occupied, generating $1,140/month in rental income. Solid cash flow potential with an established renter in place. Ideal for investors looking to add a performing asset to their portfolio. Please do not disturb tenant. Showing after accepted offer.

19. 2026-04-27
    price $80,000 322-char remark

    Show marketing remark (322 chars)

    Great investment opportunity! This 3-bedroom bungalow is currently tenant-occupied, generating $1,140/month in rental income. Solid cash flow potential with an established renter in place. Ideal for investors looking to add a performing asset to their portfolio. Please do not disturb tenant. Showing after accepted offer.

20. 2026-03-31
    listed $85,000 Active 322-char remark

    Show marketing remark (322 chars)

    Great investment opportunity! This 3-bedroom bungalow is currently tenant-occupied, generating $1,140/month in rental income. Solid cash flow potential with an established renter in place. Ideal for investors looking to add a performing asset to their portfolio. Please do not disturb tenant. Showing after accepted offer.

21. 2026-03-31
    listed $85,000 Active 322-char remark

    Show marketing remark (322 chars)

    Great investment opportunity! This 3-bedroom bungalow is currently tenant-occupied, generating $1,140/month in rental income. Solid cash flow potential with an established renter in place. Ideal for investors looking to add a performing asset to their portfolio. Please do not disturb tenant. Showing after accepted offer.

22. 2026-03-19
    historical $1,140
23. 2026-03-16
    listed $1,140
24. 2026-03-13
    historical $1,140
25. 2026-01-15
    historical $1,200
26. 2026-01-15
    listed $1,200
27. 2025-12-03
    listed $1,200
28. 2012-04-20
    soldstatus $4,500
29. 2012-04-20
    soldstatus $4,500
30. 2012-02-24
    historical
31. 2012-02-24
    historical
32. 2011-12-16
    listed $4,500
33. 2011-12-16
    listed $4,500
34. 2006-09-01
    historical
35. 2006-03-01
    listed $75,000
36. 2005-08-31
    historical
37. 2005-02-21
    listed $63,900
38. 2004-09-18
    historical
39. 2004-05-17
    listed $61,900
40. 2003-07-11
    historical
41. 2002-07-31
    listed $64,900
42. 1993-12-08
    soldstatus $21,500

ⓘ 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: $1,472 · $123/mo
• Projected year-2 tax: $1,472 · $123/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 · 14 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: $15,780
• − Mortgage interest: −$3,641
• − Property taxes: −$1,472
• − Insurance: −$325
• − Repairs & maintenance: −$1,262
• − Management: −$1,262
• − Depreciation: −$1,891
• Taxable income: $5,926
• Est. tax owed @ 24.0%: −$1,422
• After-tax cash flow: $5,156/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+248.8% since first listed

27 events — show timeline

• 2026-05-14 Price Changed $75,000 MiRealSource-MiMLS
• 2026-05-14 Price Changed $75,000 REALCOMP
• 2026-04-28 Price Changed $80,000 MiRealSource-MiMLS
• 2026-04-27 Price Changed $80,000 REALCOMP
• 2026-03-31 Listed $85,000 REALCOMP
• 2026-03-31 Listed $85,000 MiRealSource-MiMLS
• 2026-03-19 Rental Removed $1,140 SHOWMOJO
• 2026-03-16 Listed for Rent $1,140 SHOWMOJO
• 2026-03-13 Rental Removed $1,140 SWMMLS
• 2026-01-15 Rental Removed $1,200 REALCOMP
• 2026-01-15 Listed for Rent $1,200 REALCOMP
• 2025-12-03 Listed for Rent $1,200 SWMMLS
• 2012-04-20 Sold (MLS) $4,500 REALCOMP
• 2012-04-20 Sold (MLS) $4,500 MiRealSource-MiMLS
• 2012-02-24 Listing Removed — REALCOMP
• 2012-02-24 Listing Removed — MiRealSource-MiMLS
• 2011-12-16 Listed $4,500 REALCOMP
• 2011-12-16 Listed $4,500 MiRealSource-MiMLS
• 2006-09-01 Listing Removed — MiRealSource-MiMLS
• 2006-03-01 Listed $75,000 MiRealSource-MiMLS
• 2005-08-31 Listing Removed — REALCOMP
• 2005-02-21 Listed $63,900 REALCOMP
• 2004-09-18 Listing Removed — REALCOMP
• 2004-05-17 Listed $61,900 REALCOMP
• 2003-07-11 Listing Removed — REALCOMP
• 2002-07-31 Listed $64,900 REALCOMP
• 1993-12-08 Sold (Public Records) $21,500 Public Records

Property tax history

+0.9%/yr

Latest (2025): $1,472 · -9.4% YoY. Source: county tax records.