11684 Prest St · Detroit, MI 48227

$42,500

3 bd · 1.0 ba · 904 sqft · SingleFamily public records · 7 Days on market

Built 1938 4,356 sqft lot Est $56k · 24% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special with Great Bones and Endless Potential! Welcome to 11684 Prest, a classic 3-bedroom bungalow offering a fantastic opportunity for investors, renovators, or buyers looking to build equity. This home features a functional floor plan with a spacious living room, formal dining room, kitchen, full bathroom, and two bedrooms conveniently located on the main floor. The large upper-level bedroom provides additional living space and flexibility for a primary suite, home office, or bonus room Major mechanical systems are reported to be in solid condition, providing a strong foundation for your renovation vision. While the property is in need of cosmetic updates and improvements, the potential is undeniable. Additional features include an unfinished basement offering ample storage or future finishing possibilities, a detached garage, partially fenced yard, front porch, and rear porch perfect for enjoying outdoor space. Conveniently located near schools, shopping, dining, major roadways, and neighborhood amenities, this property presents an excellent opportunity for a fix-and-flip project, rental investment, or owner-occupant renovation. Property is being sold as-is. Buyer to verify all information. Schedule your showing today and unlock the potential this Detroit bungalow has to offer!

Key facts

• Unfinished basement
• Front porch
• Rear porch

Tags

• FUNCTIONAL FLOOR PLAN
• UNFINISHED BASEMENT
• DETACHED GARAGE
• PARTIALLY FENCED YARD
• FRONT PORCH
• REAR PORCH

Property features AI

Finance

• Financial info: Annual tax amount listed

Exterior

• Parking: Detached 1-car garage
• Utilities: Water available; Public sewer
• Home design: Single-family residence; One and one-half story; Ground-level entry with steps
• Construction: Vinyl siding; Block foundation; Asphalt roof; Built area above grade and finished: 904; Below grade finished area: 893
• Exterior features: Paved road access; Lot approximately 0.1 acre (40 x 108)

Interior

• Kitchen: Accessible kitchen
• Bedrooms: 5 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Gas water heater; Accessible entrance, accessible full bathroom, accessible kitchen, accessible stairway, central living area; Full unfinished basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $42k.

Deal economics

• At list price, monthly cash flow is $735 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $42k).
• Cap rate 27.0% 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 (+5.6%/yr); 391 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $1,381/mo this rent would consume 45% of the median local household income ($37k/yr) (locally 2371% 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 $294 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 + 5.6% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 13y 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 $6k; list at $42k implies a 673% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $42,500

Questions for the listing agent

1. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 3.25% ✓
• Cap rate: 27.04%
• Cash-on-cash: 74.08%
• DSCR: 4.30
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $56,048
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11360 Prest St	0.19mi	3/1.0	842 (-7%)	3mo	$55,000	$65	77
9910 Coyle St	0.43mi	3/1.0	904 (0%)	4mo	$56,000	$62	77
9997 Robson St	0.37mi	3/1.0	865 (-4%)	3mo	$35,000	$40	73
12057 Forrer St	0.30mi	3/1.0	1,000 (+11%)	1mo	$45,000	$45	68
12124 Asbury Park	0.58mi	3/1.5	919 (+2%)	2mo	$130,000	$141	66
9580 Mansfield St	0.62mi	2/1.0 (-1)	890 (-2%)	0mo	$23,000	$26	64
11669 Strathmoor St	0.48mi	3/1.0	974 (+8%)	2mo	$30,000	$31	63
12203 Grandmont Ave	0.74mi	3/1.5	861 (-5%)	1mo	$95,000	$110	55
9555 Montrose St	0.56mi	3/1.0	999 (+10%)	3mo	$45,000	$45	54
12832 Terry St	0.67mi	3/1.0	981 (+8%)	4mo	$40,000	$41	51
12656 Mettetal St	0.69mi	2/1.0 (-1)	803 (-11%)	2mo	$72,872	$91	42
9316 Whitcomb St	0.72mi	3/1.5	1,029 (+14%)	4mo	$100,000	$97	38

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 77.0%
• Equity multiple: 4.67×
• Total profit: $43,655
• Equity at exit: $6,337

10-year hold

• IRR: 81.4%
• Equity multiple: 10.62×
• Total profit: $114,481
• Equity at exit: $3,675

Cash invested: $11,900 (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 48227

• Rents YoY: 5.6%
• Active inventory: 391
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,381 high
• Mortgage (P&I): −$223
• Tax from tax record: −$116 /mo · $1,389/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $735

Break-even live

Break-even rent $451

Max offer price $42,500

Occupancy floor 42%

Sensitivity live

Price	-10% $759	-5% $747	+0% $735	+5% $723	+10% $711
Rent	-10% $626	-5% $680	+0% $735	+5% $789	+10% $844
Rate	-1.0pp $756	-0.5pp $745	base $735	+0.5pp $724	+1.0pp $712

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: $10,625
• Closing costs: $1,275
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11634 Sussex St Detroit, MI	3.0	1.0	1091	$1,326	$1.22	25d	1	0.11mi
11397 Whitcomb St Detroit, MI	3.0	1.0	1070	$1,400	$1.31	18d	1	0.16mi
11393 Prest St Detroit, MI	3.0	1.0	900	$1,550	$1.72	18d	1	0.17mi
11345 Greenfield Rd Detroit, MI	2.0	1.0	700	$1,050	$1.50	13d	1	0.23mi
12121 Montrose St Detroit, MI	3.0	1.0	874	$1,373	$1.57	23d	1	0.28mi
12039 Lauder St Detroit, MI	3.0	1.5	1000	$1,500	$1.50	25d	1	0.31mi
10015 Robson St Detroit, MI	3.0	2.0	1000	$1,400	$1.40	19d	1	0.36mi
9973 Winthrop St Detroit, MI	3.0	1.0	960	$1,400	$1.46	45d	1	0.38mi
9917 Sussex St Detroit, MI	2.0	1.0	800	$1,375	$1.72	45d	1	0.41mi
9936 Montrose St Detroit, MI	3.0	1.0	963	$1,200	$1.25	18d	1	0.43mi
9546 Sussex St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	45d	1	0.55mi
9590 Marlowe St Detroit, MI	2.0	1.0	877	$1,430	$1.63	45d	1	0.62mi
14740 W Chicago Unit B Detroit, MI	2.0	1.0	900	$845	$0.94	45d	1	0.67mi
12754 Marlowe St Detroit, MI	3.0	2.0	1008	$1,400	$1.39	18d	1	0.67mi
9386 Coyle St Detroit, MI	3.0	1.0	1000	$1,300	$1.30	3d	1	0.68mi
9345 Rutherford St Unit 3 Detroit, MI	2.0	1.0	850	$1,050	$1.24	25d	1	0.76mi
9222 Forrer St Detroit, MI	3.0	1.0	947	$1,450	$1.53	18d	1	0.78mi
12711 Grandmont Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	19d	1	0.89mi
13717 Keal St Detroit, MI	2.0	1.0	799	$1,000	$1.25	45d	1	0.90mi
13331 Strathmoor St Detroit, MI	3.0	1.0	1084	$1,100	$1.01	18d	1	0.93mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	45d	1	0.93mi
8604 Whitcomb St Detroit, MI	3.0	2.0	1033	$1,300	$1.26	45d	1	1.15mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	45d	1	1.22mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	45d	1	1.22mi
11741 Penrod St Detroit, MI	3.0	1.0	1124	$1,400	$1.25	18d	1	1.27mi
9108 Archdale St Detroit, MI	3.0	1.0	1000	$1,300	$1.30	6d	1	1.31mi
13600 Southfield Fwy Detroit, MI	2.0	1.0	848	$1,100	$1.30	6d	1	1.36mi
11704 Greenview Ave Detroit, MI	4.0	1.0	1046	$1,300	$1.24	25d	1	1.37mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	45d	1	1.38mi
12944 Rosemont Ave Detroit, MI	2.0	1.0	800	$1,050	$1.31	6d	1	1.39mi
18450 W Chicago Detroit, MI	1.0–2.0	1.0	687	$1,117	$1.62	0d	15	1.43mi
8212 Lauder St Detroit, MI	3.0	1.0	1026	$1,150	$1.12	45d	1	1.43mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	18d	1	1.44mi
12941 Penrod St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	45d	1	1.46mi
12875 Faust Ave Detroit, MI	2.0	1.0	735	$1,200	$1.63	6d	1	1.49mi

Listing history 14 events

1. 2026-05-21
   listed $42,500 Active

   Show marketing remark (1312 chars)

   Investor Special with Great Bones and Endless Potential! Welcome to 11684 Prest, a classic 3-bedroom bungalow offering a fantastic opportunity for investors, renovators, or buyers looking to build equity. This home features a functional floor plan with a spacious living room, formal dining room, kitchen, full bathroom, and two bedrooms conveniently located on the main floor. The large upper-level bedroom provides additional living space and flexibility for a primary suite, home office, or bonus room Major mechanical systems are reported to be in solid condition, providing a strong foundation for your renovation vision. While the property is in need of cosmetic updates and improvements, the potential is undeniable. Additional features include an unfinished basement offering ample storage or future finishing possibilities, a detached garage, partially fenced yard, front porch, and rear porch perfect for enjoying outdoor space. Conveniently located near schools, shopping, dining, major roadways, and neighborhood amenities, this property presents an excellent opportunity for a fix-and-flip project, rental investment, or owner-occupant renovation. Property is being sold as-is. Buyer to verify all information. Schedule your showing today and unlock the potential this Detroit bungalow has to offer!

2. 2026-05-21
   listed $42,500 Active 1312-char remark

   Show marketing remark (1312 chars)

   Investor Special with Great Bones and Endless Potential! Welcome to 11684 Prest, a classic 3-bedroom bungalow offering a fantastic opportunity for investors, renovators, or buyers looking to build equity. This home features a functional floor plan with a spacious living room, formal dining room, kitchen, full bathroom, and two bedrooms conveniently located on the main floor. The large upper-level bedroom provides additional living space and flexibility for a primary suite, home office, or bonus room Major mechanical systems are reported to be in solid condition, providing a strong foundation for your renovation vision. While the property is in need of cosmetic updates and improvements, the potential is undeniable. Additional features include an unfinished basement offering ample storage or future finishing possibilities, a detached garage, partially fenced yard, front porch, and rear porch perfect for enjoying outdoor space. Conveniently located near schools, shopping, dining, major roadways, and neighborhood amenities, this property presents an excellent opportunity for a fix-and-flip project, rental investment, or owner-occupant renovation. Property is being sold as-is. Buyer to verify all information. Schedule your showing today and unlock the potential this Detroit bungalow has to offer!

3. 2013-05-14
   soldstatus $5,500 210-char remark

   Show marketing remark (210 chars)

   Single family bungalow located in Detroit. 3 bedrooms, 1 full bath, unfinished basement and a 1 car detached garage. Close to shopping, schools and all major expressways. This is a Fannie Mae HomePath property.

4. 2013-05-14
   soldstatus $5,500

   Show marketing remark (210 chars)

   Single family bungalow located in Detroit. 3 bedrooms, 1 full bath, unfinished basement and a 1 car detached garage. Close to shopping, schools and all major expressways. This is a Fannie Mae HomePath property.

5. 2013-04-30
   historical 210-char remark

   Show marketing remark (210 chars)

   Single family bungalow located in Detroit. 3 bedrooms, 1 full bath, unfinished basement and a 1 car detached garage. Close to shopping, schools and all major expressways. This is a Fannie Mae HomePath property.

6. 2013-04-30
   historical

   Show marketing remark (210 chars)

   Single family bungalow located in Detroit. 3 bedrooms, 1 full bath, unfinished basement and a 1 car detached garage. Close to shopping, schools and all major expressways. This is a Fannie Mae HomePath property.

7. 2013-03-21
   listed $5,000 210-char remark

   Show marketing remark (210 chars)

   Single family bungalow located in Detroit. 3 bedrooms, 1 full bath, unfinished basement and a 1 car detached garage. Close to shopping, schools and all major expressways. This is a Fannie Mae HomePath property.

8. 2013-03-21
   listed $5,000

   Show marketing remark (210 chars)

   Single family bungalow located in Detroit. 3 bedrooms, 1 full bath, unfinished basement and a 1 car detached garage. Close to shopping, schools and all major expressways. This is a Fannie Mae HomePath property.

9. 2013-03-20
   historical
10. 2013-03-20
    historical
11. 2013-03-14
    listed $6,500
12. 2013-03-14
    listed $6,500
13. 2001-06-08
    soldstatus $35,000
14. 1999-09-09
    soldstatus $25,000

ⓘ 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: $1,389 · $116/mo
• Projected year-2 tax: $1,389 · $116/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 ≥98°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: $16,572
• − Mortgage interest: −$2,381
• − Property taxes: −$1,389
• − Insurance: −$212
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − Depreciation: −$1,236
• Taxable income: $8,702
• Est. tax owed @ 24.0%: −$2,088
• After-tax cash flow: $6,727/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

+70.0% since first listed

14 events — show timeline

• 2026-05-21 Listed $42,500 MiRealSource-MiMLS
• 2026-05-21 Listed $42,500 REALCOMP
• 2013-05-14 Sold (MLS) $5,500 MiRealSource-MiMLS
• 2013-05-14 Sold (MLS) $5,500 REALCOMP
• 2013-04-30 Listing Removed — MiRealSource-MiMLS
• 2013-04-30 Listing Removed — REALCOMP
• 2013-03-21 Listed $5,000 MiRealSource-MiMLS
• 2013-03-21 Listed $5,000 REALCOMP
• 2013-03-20 Listing Removed — MiRealSource-MiMLS
• 2013-03-20 Listing Removed — REALCOMP
• 2013-03-14 Listed $6,500 MiRealSource-MiMLS
• 2013-03-14 Listed $6,500 REALCOMP
• 2001-06-08 Sold (Public Records) $35,000 Public Records
• 1999-09-09 Sold (Public Records) $25,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $1,389 · -39.4% YoY. Source: county tax records.