19657 Gallagher St · Detroit, MI 48234

$65,000

2 bd · 1.0 ba · 861 sqft · SingleFamily public records · 36 Days on market

Built 1930 3,049 sqft lot $75/sqft · 6% below area Est $69k · 6% 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 +10.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Classic Brick Charm in the Pershing Neighborhood! This beautifully maintained 2-bedroom, 1-bathroom colonial is the perfect find for first-time homebuyers or savvy investors. Step inside to find a light-filled, spacious living room featuring gorgeous hardwood floors that flow throughout the home. The heart of the house includes a kitchen and bathroom that were thoughtfully remodeled in 2013, offering a modern touch to this 1930s classic. The exterior features a 1-car detached garage and a manageable yard. Move-in Ready and waiting for you!!!

Key facts

• 3,049 sq ft lot
• Garage
• Built 1930

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps; Brick exterior
• Construction: Asphalt roof
• Exterior features: Front porch; Paved roads; Lot approximately 0.07 acres (30 x 101.5)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Gas water heater; Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/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: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.7% 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 rising fast (+6.7%/yr); 226 active listings in the ZIP; 30 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 42% of the median local income ($35k/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 + 6.7% 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 36 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y ago; this cycle's ask is 6400% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 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 1930 — 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: 1.91% ✓
• Cap rate: 15.70%
• Cash-on-cash: 33.60%
• DSCR: 2.49
• GRM: 4.4

CMA / ARV

• ARV (median comp): $69,240
• List price: $65,000
• Delta: -6.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20156 Gallagher St	0.33mi	2/1.0	850 (-1%)	8mo	$67,000	$79	76
20012 Binder St	0.40mi	3/1.0 (+1)	871 (+1%)	3mo	$50,500	$58	72
19619 Norwood St	0.16mi	3/1.0 (+1)	941 (+9%)	2mo	$30,500	$32	71
20180 Charest St	0.35mi	3/1.0 (+1)	840 (-2%)	4mo	$45,000	$54	71
19300 Binder St	0.40mi	2/1.0	820 (-5%)	4mo	$10,000	$12	70
19444 Yonka St	0.25mi	3/1.0 (+1)	900 (+4%)	8mo	$85,000	$94	69
18877 Fleming St	0.67mi	2/1.0	870 (+1%)	3mo	$9,900	$11	65
19227 Ryan Rd	0.45mi	3/1.0 (+1)	919 (+7%)	1mo	$38,000	$41	62
18654 Klinger St	0.58mi	3/2.0 (+1)	860 (-0%)	7mo	$22,000	$26	58
20270 Dean Ave	0.60mi	3/1.0 (+1)	792 (-8%)	7mo	$55,000	$69	48
19667 Sunset St	0.47mi	3/1.5 (+1)	752 (-13%)	4mo	$28,500	$38	47
18905 Dean St	0.61mi	3/1.0 (+1)	990 (+15%)	6mo	$88,900	$90	37

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: 33.2%
• Equity multiple: 2.47×
• Total profit: $26,773
• Equity at exit: $9,692

10-year hold

• IRR: 42.1%
• Equity multiple: 5.76×
• Total profit: $86,591
• 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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,242 high
• Mortgage (P&I): −$341
• Tax from tax record: −$103 /mo · $1,240/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $510

Break-even live

Break-even rent $597

Max offer price $65,000

Occupancy floor 54%

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 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	14d	1	0.04mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	4d	1	0.21mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	24d	1	0.22mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	16d	1	0.37mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	16d	1	0.44mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	16d	1	0.60mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	24d	1	0.75mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	17d	1	0.79mi
18882 Marx St Highland Park, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	0.83mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	43d	1	0.88mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	16d	1	0.88mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	4d	1	0.88mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	24d	1	0.88mi
18084 Goddard St Detroit, MI	2.0	1.5	790	$1,050	$1.33	16d	1	0.89mi
3974 Berkshire Ave Warren, MI	1.0	1.0	900	$1,500	$1.67	2d	1	0.96mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	1.00mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	23d	1	1.05mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	16d	1	1.13mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	21d	1	1.13mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	4d	1	1.15mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	43d	1	1.15mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	21d	1	1.21mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	43d	1	1.21mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	16d	1	1.27mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	18d	1	1.30mi
1211 E Bernhard Ave Hazel Park, MI	2.0	1.0	721	$1,500	$2.08	24d	1	1.37mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI	3.0	1.0	1033	$5,301	$5.13	1d	1	1.38mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,448	$5.88	1d	1	1.41mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	1.43mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	24d	1	1.49mi

Listing history 31 events

1. 2026-06-18
   days on market $65,000 Active 36 DOM
2. 2026-06-17
   days on market $65,000 Active 35 DOM
3. 2026-06-15
   days on market $65,000 Active 33 DOM
4. 2026-06-13
   days on market $65,000 Active 31 DOM
5. 2026-06-13
   days on market $65,000 Active 30 DOM
6. 2026-06-09
   days on market $65,000 Active 27 DOM
7. 2026-06-08
   days on market $65,000 Active 26 DOM
8. 2026-06-07
   days on market $65,000 Active 25 DOM
9. 2026-06-04
   days on market $65,000 Active 22 DOM
10. 2026-06-03
    days on market $65,000 Active 21 DOM
11. 2026-06-02
    days on market $65,000 Active 20 DOM
12. 2026-06-01
    days on market $65,000 Active 19 DOM
13. 2026-05-31
    days on market $65,000 Active 18 DOM
14. 2026-05-15
    listed $1,000
15. 2026-05-14
    listed $65,000 Active 547-char remark

    Show marketing remark (547 chars)

    Classic Brick Charm in the Pershing Neighborhood! This beautifully maintained 2-bedroom, 1-bathroom colonial is the perfect find for first-time homebuyers or savvy investors. Step inside to find a light-filled, spacious living room featuring gorgeous hardwood floors that flow throughout the home. The heart of the house includes a kitchen and bathroom that were thoughtfully remodeled in 2013, offering a modern touch to this 1930s classic. The exterior features a 1-car detached garage and a manageable yard. Move-in Ready and waiting for you!!!

16. 2026-05-14
    listed $65,000 Active 547-char remark

    Show marketing remark (547 chars)

    Classic Brick Charm in the Pershing Neighborhood! This beautifully maintained 2-bedroom, 1-bathroom colonial is the perfect find for first-time homebuyers or savvy investors. Step inside to find a light-filled, spacious living room featuring gorgeous hardwood floors that flow throughout the home. The heart of the house includes a kitchen and bathroom that were thoughtfully remodeled in 2013, offering a modern touch to this 1930s classic. The exterior features a 1-car detached garage and a manageable yard. Move-in Ready and waiting for you!!!

17. 2026-05-12
    historical $65,000 547-char remark

    Show marketing remark (547 chars)

    Classic Brick Charm in the Pershing Neighborhood! This beautifully maintained 2-bedroom, 1-bathroom colonial is the perfect find for first-time homebuyers or savvy investors. Step inside to find a light-filled, spacious living room featuring gorgeous hardwood floors that flow throughout the home. The heart of the house includes a kitchen and bathroom that were thoughtfully remodeled in 2013, offering a modern touch to this 1930s classic. The exterior features a 1-car detached garage and a manageable yard. Move-in Ready and waiting for you!!!

18. 2026-03-09
    historical
19. 2026-03-09
    historical
20. 2026-02-05
    price $66,000
21. 2026-02-04
    price $66,000
22. 2026-01-03
    listed $68,999 Active
23. 2026-01-03
    listed $68,999 Active
24. 2013-11-19
    historical
25. 2013-11-19
    historical
26. 2013-11-19
    historical
27. 2013-08-26
    listed $24,500
28. 2013-08-26
    listed $24,500
29. 2013-08-26
    listed $650
30. 2006-06-23
    historical
31. 2006-05-15
    listed $79,900

ⓘ 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: $1,240 · $103/mo
• Projected year-2 tax: $1,240 · $103/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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,899
• − Mortgage interest: −$3,641
• − Property taxes: −$1,240
• − Insurance: −$325
• − Repairs & maintenance: −$1,192
• − Management: −$1,192
• − Depreciation: −$1,891
• Taxable income: $5,418
• Est. tax owed @ 24.0%: −$1,300
• After-tax cash flow: $4,814/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

-98.7% since first listed

18 events — show timeline

• 2026-05-15 Listed for Rent $1,000 REALCOMP
• 2026-05-14 Listed $65,000 MiRealSource-MiMLS
• 2026-05-14 Listed $65,000 REALCOMP
• 2026-05-12 Coming Soon $65,000 MiRealSource-MiMLS
• 2026-03-09 Listing Removed — MiRealSource-MiMLS
• 2026-03-09 Listing Removed — REALCOMP
• 2026-02-05 Price Changed $66,000 MiRealSource-MiMLS
• 2026-02-04 Price Changed $66,000 REALCOMP
• 2026-01-03 Listed $68,999 MiRealSource-MiMLS
• 2026-01-03 Listed $68,999 REALCOMP
• 2013-11-19 Listing Removed — MiRealSource-MiMLS
• 2013-11-19 Listing Removed — REALCOMP
• 2013-11-19 Listing Removed — MiRealSource-MiMLS
• 2013-08-26 Listed $650 MiRealSource-MiMLS
• 2013-08-26 Listed $24,500 REALCOMP
• 2013-08-26 Listed $24,500 MiRealSource-MiMLS
• 2006-06-23 Listing Removed — MiRealSource-MiMLS
• 2006-05-15 Listed $79,900 MiRealSource-MiMLS

Property tax history

+1.1%/yr

Latest (2025): $1,240 · +76.6% YoY. Source: county tax records.