12772 Griggs St St · Detroit, MI 48238

$47,000

3 bd · 1.0 ba · 1,486 sqft · SingleFamily public records · 99 Days on market

Built 1926 3,920 sqft lot Est $61k · 23% under ↓ 22% since listing

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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
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

Key facts

• 3,920 sq ft lot
• Garage
• Built 1926

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $47k.

Deal economics

• At list price, monthly cash flow is $650 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $47k).
• Recommended offer: $43k (9.0% below list) — sets the bar for market timing.
• Cap rate 22.9% vs local median 10.1% 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 (+6.1%/yr); 348 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 45% of the median local income ($33k/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 $325 of loan paydown is wiped out by about $1k 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 + 6.1% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts; this cycle's ask has dropped $13k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $42,770 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — 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: 2.65% ✓
• Cap rate: 22.88%
• Cash-on-cash: 59.23%
• DSCR: 3.64
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $60,926
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13176 Manor St	0.29mi	3/1.5	1,478 (-0%)	2mo	$60,500	$41	82
13546 Ilene St	0.26mi	3/1.0	1,440 (-3%)	6mo	$32,000	$22	78
12629 Washburn St	0.16mi	3/1.0	1,392 (-6%)	7mo	$75,000	$54	76
12162 Kentucky St	0.38mi	3/1.0	1,415 (-5%)	4mo	$42,000	$30	70
13955 Ohio St	0.55mi	3/1.0	1,448 (-3%)	5mo	$37,000	$26	66
12303 Cloverlawn St	0.57mi	3/1.5	1,454 (-2%)	4mo	$58,500	$40	64
13586 Indiana St	0.39mi	3/1.0	1,298 (-13%)	2mo	$30,000	$23	59
11931 Wisconsin St	0.49mi	3/3.0	1,407 (-5%)	5mo	$135,900	$97	56
12027 Manor St	0.56mi	3/1.0	1,340 (-10%)	3mo	$86,750	$65	54
12667 Sorrento St	0.56mi	3/1.0	1,309 (-12%)	0mo	$65,000	$50	54
13609 Cloverlawn St	0.59mi	3/1.0	1,700 (+14%)	4mo	$45,000	$26	45
13903 Cloverlawn Ave	0.63mi	3/1.5	1,265 (-15%)	5mo	$140,000	$111	40

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 · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 61.5%
• Equity multiple: 3.88×
• Total profit: $37,847
• Equity at exit: $7,008

10-year hold

• IRR: 67.2%
• Equity multiple: 8.91×
• Total profit: $104,122
• Equity at exit: $4,064

Cash invested: $13,160 (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 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 348
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,247 high
• Mortgage (P&I): −$246
• Tax from tax record: −$70 /mo · $835/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $650

Break-even live

Break-even rent $425

Max offer price $47,000

Occupancy floor 43%

Sensitivity live

Price	-10% $676	-5% $663	+0% $650	+5% $636	+10% $623
Rent	-10% $551	-5% $600	+0% $650	+5% $699	+10% $748
Rate	-1.0pp $673	-0.5pp $662	base $650	+0.5pp $637	+1.0pp $625

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: $11,750
• Closing costs: $1,410
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12650 Griggs St Detroit, MI	3.0	2.0	1628	$1,375	$0.84	25d	1	0.11mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	45d	1	0.23mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	25d	1	0.23mi
12144 Washburn St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	16d	1	0.37mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	6d	1	0.40mi
13910 Kentucky St Detroit, MI	2.0	1.0	1680	$1,000	$0.60	45d	1	0.45mi
12703 Northlawn St Detroit, MI	2.0	1.0	1365	$1,053	$0.77	21d	1	0.46mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	18d	1	0.46mi
12303 Cloverlawn St Detroit, MI	3.0	1.5	1454	$1,400	$0.96	45d	1	0.58mi
13979 Cherrylawn St Detroit, MI	3.0	1.0	1296	$1,334	$1.03	21d	1	0.61mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	45d	1	0.75mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	18d	1	0.75mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	3d	1	0.75mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	45d	1	0.78mi
13620 Tuller St Detroit, MI	4.0	1.0	1064	$1,374	$1.29	13d	1	0.88mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	45d	1	0.90mi
10002 Manor Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	45d	1	0.90mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	45d	1	0.92mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	45d	1	1.00mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	18d	1	1.02mi
10359 Violetlawn St Unit 1 Detroit, MI	2.0	1.0	1200	$985	$0.82	45d	1	1.08mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	23d	1	1.09mi
12123 Santa Rosa Dr Detroit, MI	2.0	1.0	1680	$1,000	$0.60	25d	1	1.10mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	25d	1	1.12mi
10303 Morley St #1 Detroit, MI	2.0	1.0	950	$950	$1.00	45d	1	1.13mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	45d	1	1.15mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	1.15mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,423	$1.58	6d	1	1.16mi
12019 Stoepel St Detroit, MI	2.0	1.0	1000	$943	$0.94	6d	1	1.19mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	18d	1	1.24mi
12778 Strathmoor St Detroit, MI	3.0	1.0	1597	$1,150	$0.72	6d	1	1.28mi
4287 W Grand St Unit 4289 Detroit, MI	3.0	1.0	1250	$1,000	$0.80	45d	1	1.30mi
4336 Buena Vista St Detroit, MI	3.0	1.0	1300	$1,100	$0.85	45d	1	1.31mi
13331 Strathmoor St Detroit, MI	3.0	1.0	1084	$1,100	$1.01	18d	1	1.33mi
4341 Glendale St Detroit, MI	4.0	2.5	1832	$1,680	$0.92	6d	1	1.35mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	45d	1	1.36mi
12754 Marlowe St Detroit, MI	3.0	2.0	1008	$1,400	$1.39	18d	1	1.38mi
9355 Ward St Detroit, MI	3.0	1.0	1200	$1,327	$1.11	45d	1	1.39mi
9209 Pinehurst St Detroit, MI	3.0	1.0	1589	$1,500	$0.94	45d	1	1.42mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	45d	1	1.43mi

Listing history 28 events

1. 2026-03-31
   status Pending 476-char remark

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

2. 2026-03-27
   historical 476-char remark

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

3. 2025-12-09
   status Pending 476-char remark

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

4. 2025-12-09
   status Pending 476-char remark

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

5. 2025-12-09
   status Pending

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

6. 2025-12-01
   status Active 476-char remark

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

7. 2025-12-01
   status Active 476-char remark

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

8. 2025-12-01
   status Active

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

9. 2025-11-25
   historical

   Show marketing remark (476 chars)

   Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

10. 2025-11-25
    historical 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

11. 2025-11-24
    historical 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

12. 2025-09-30
    price $47,000 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

13. 2025-09-30
    price $47,000 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

14. 2025-09-30
    price $47,000

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

15. 2025-09-17
    status Active 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

16. 2025-09-17
    status Active 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

17. 2025-09-17
    status Active

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

18. 2025-09-14
    historical Active Under Contract 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

19. 2025-09-14
    historical Accepting Backup Offers 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

20. 2025-09-14
    historical Active - Backup Offers Accepted

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

21. 2025-09-09
    price $50,000 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

22. 2025-09-08
    price $50,000 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

23. 2025-09-08
    price $50,000

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

24. 2025-08-25
    listed $60,000 Active 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

25. 2025-08-25
    listed $60,000 Active

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

26. 2025-08-25
    listed $60,000 Active 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

27. 2025-08-23
    historical $60,000 476-char remark

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

28. 2025-08-23
    historical $60,000

    Show marketing remark (476 chars)

    Investment opportunity on Griggs St in a strong rental corridor. Two bedrooms and a full bath on the main level, plus a large upstairs bedroom/loft for a quiet retreat, home office, or play space. Basement for storage, fenced yard, and driveway parking. Close to transit, freeways, and neighborhood amenities--great investment with room to add value over time. Solid addition to a Detroit portfolio or an affordable first purchase to house-hack and build equity. Easy to show.

ⓘ 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: $835 · $70/mo
• Projected year-2 tax: $835 · $70/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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,965
• − Mortgage interest: −$2,633
• − Property taxes: −$835
• − Insurance: −$235
• − Repairs & maintenance: −$1,197
• − Management: −$1,197
• − Depreciation: −$1,367
• Taxable income: $7,501
• Est. tax owed @ 24.0%: −$1,800
• After-tax cash flow: $5,995/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

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% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

-21.7% since first listed

28 events — show timeline

• 2026-03-31 Pending — REALCOMP
• 2026-03-27 Listing Removed — REALCOMP
• 2025-12-09 Pending — REALCOMP
• 2025-12-09 Pending — MiRealSource-MiMLS
• 2025-12-09 Pending — SW Michigan MLS
• 2025-12-01 Relisted — MiRealSource-MiMLS
• 2025-12-01 Relisted — REALCOMP
• 2025-12-01 Relisted — SW Michigan MLS
• 2025-11-25 Listing Removed — SW Michigan MLS
• 2025-11-25 Listing Removed — MiRealSource-MiMLS
• 2025-11-24 Listing Removed — REALCOMP
• 2025-09-30 Price Changed $47,000 MiRealSource-MiMLS
• 2025-09-30 Price Changed $47,000 REALCOMP
• 2025-09-30 Price Changed $47,000 SW Michigan MLS
• 2025-09-17 Relisted — REALCOMP
• 2025-09-17 Relisted — MiRealSource-MiMLS
• 2025-09-17 Relisted — SW Michigan MLS
• 2025-09-14 Contingent — REALCOMP
• 2025-09-14 Contingent — MiRealSource-MiMLS
• 2025-09-14 Contingent — SW Michigan MLS
• 2025-09-09 Price Changed $50,000 MiRealSource-MiMLS
• 2025-09-08 Price Changed $50,000 REALCOMP
• 2025-09-08 Price Changed $50,000 SW Michigan MLS
• 2025-08-25 Listed $60,000 REALCOMP
• 2025-08-25 Listed $60,000 SW Michigan MLS
• 2025-08-25 Listed $60,000 MiRealSource-MiMLS
• 2025-08-23 Coming Soon $60,000 MiRealSource-MiMLS
• 2025-08-23 Coming Soon $60,000 SW Michigan MLS

Property tax history

-4.5%/yr

Latest (2025): $835 · -54.8% YoY. Source: county tax records.