1973 Sturtevant St · Detroit, MI 48206

$30,000

3 bd · 1.0 ba · 1,172 sqft · SingleFamily public records · 59 Days on market

Built 1919 3,049 sqft lot $26/sqft · at area comps Est $38k · 22% under

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRAND NEW ROOF! DOWN TO THE STUDS! READY FOR YOUR VISION AND RENOVATION! Investor Special, home ready for renovation. ARV $145,000. ALL REASONABLE OFFERS WILL BE CONSIDERED! QUICK VALUE ADD!

Key facts

• 3,049 sq ft lot
• Built 1919
• Listed 59 days

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two-story; Ground-level entry with steps; Wood siding construction
• Construction: Asphalt roof
• Exterior features: Covered patio

Interior

• Kitchen: No specific appliances listed beyond water heater
• Bedrooms: 5 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No cooling system
• Interior features: Gas water heater; Unfinished basement; Basement present
• Laundry & utility: No washer/dryer information provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $815 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $29k (3.0% below list) — sets the bar for market timing.
• Cap rate 38.9% vs local median 10.0% 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: 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.
• Zoned schools: Durfee Elementarymiddle School (593 students, 91% FRL); Central High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 353 students, 89% FRL) — zoned schools at 90% FRL track the district average.
• Market conditions: Rents rising fast (+5.2%/yr); 275 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 34% of the median local income ($45k/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 $207 of loan paydown is wiped out by about $900 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 + 5.2% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($29k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 6y ago; this cycle's ask has dropped $10k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $30k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 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 1919 — 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: 4.31% ✓
• Cap rate: 38.89%
• Cash-on-cash: 116.41%
• DSCR: 6.18
• GRM: 1.9

CMA / ARV

• ARV (median comp): $38,452
• List price: $30,000
• Delta: -21.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2268 Highland St	0.13mi	3/1.0	1,163 (-1%)	0mo	$10,000	$9	92
2291 Tuxedo St	0.36mi	3/1.5	1,197 (+2%)	4mo	$35,000	$29	74
2401 Cortland St	0.27mi	3/1.0	1,176 (+0%)	15mo	$18,000	$15	74
2509 Richton St	0.39mi	3/1.0	1,114 (-5%)	2mo	$15,000	$13	72
2474 Sturtevant St	0.32mi	3/1.0	1,092 (-7%)	4mo	$28,000	$26	70
1689 Tyler St	0.31mi	3/1.5	1,260 (+8%)	6mo	$77,300	$61	66
2420 Monterey St	0.33mi	3/1.0	1,080 (-8%)	14mo	$48,000	$44	60
371 Highland St	0.38mi	4/1.0 (+1)	1,128 (-4%)	14mo	$55,000	$49	59
1568 Highland St	0.26mi	4/2.0 (+1)	1,344 (+15%)	6mo	$65,000	$48	50
1180 Lawrence St	0.70mi	3/1.5	1,212 (+3%)	12mo	$130,000	$107	49
13141 Montville Pl	0.32mi	4/2.0 (+1)	1,296 (+11%)	15mo	$29,900	$23	46
2476 Ford St	0.74mi	3/1.0	1,344 (+15%)	12mo	$46,500	$35	32

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 · 5.2% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.95×
• Total profit: $49,986
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 15.64×
• Total profit: $123,002
• Equity at exit: $2,594

Cash invested: $8,400 (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 48206

• Rents YoY: 5.2%
• Active inventory: 275
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,294 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $815

Break-even live

Break-even rent $262

Max offer price $30,000

Occupancy floor 32%

Sensitivity live

Price	-10% $836	-5% $825	+0% $815	+5% $805	+10% $794
Rent	-10% $713	-5% $764	+0% $815	+5% $866	+10% $917
Rate	-1.0pp $830	-0.5pp $823	base $815	+0.5pp $807	+1.0pp $799

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2285 Cortland St Detroit, MI	2.0	1.0	900	$1,000	$1.11	19d	1	0.20mi
2474 Fullerton St Detroit, MI	3.0	1.0	1400	$1,300	$0.93	17d	1	0.32mi
2023 Tuxedo St Detroit, MI	2.0	1.0	950	$1,050	$1.11	26d	1	0.37mi
1926 Clements St Unit 1926 Detroit, MI	3.0	1.0	1150	$1,250	$1.09	22d	1	0.46mi
1926 Clements St Detroit, MI	3.0	1.0	1150	$1,150	$1.00	7d	1	0.46mi
2638 Richton St Unit 2638 Richton Upper Detroit, MI	2.0	1.0	1000	$900	$0.90	46d	1	0.50mi
2676 Sturtevant St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	26d	1	0.52mi
13639 La Salle Blvd Detroit, MI	2.0	1.0	800	$695	$0.87	13d	1	0.57mi
2433 Pasadena St Unit 2435 Detroit, MI	2.0	1.0	700	$1,025	$1.46	46d	1	0.63mi
1929 Calvert Ave Unit 2 Detroit, MI	3.0	1.0	1414	$1,199	$0.85	17d	1	0.68mi
2045 Calvert St Detroit, MI	2.0	2.0	1400	$1,600	$1.14	46d	1	0.68mi
2634 Lawrence St Detroit, MI	3.0	1.5	1388	$1,600	$1.15	4d	1	0.70mi
1427 Calvert Ave Detroit, MI	3.0	1.0	1100	$1,750	$1.59	46d	1	0.78mi
1427 Calvert Ave Detroit, MI	3.0	1.0	1100	$1,850	$1.68	26d	1	0.78mi
9844 Woodrow Wilson St Detroit, MI	3.0	1.0	1187	$1,300	$1.10	15d	1	0.79mi
3224 Monterey St Unit 2E Detroit, MI	2.0	1.0	1200	$1,350	$1.12	46d	1	0.81mi
2653 Calvert Ave Unit 1 Detroit, MI	3.0	1.0	1305	$1,200	$0.92	46d	1	0.83mi
1251 Glynn Ct Detroit, MI	2.0	1.0	705	$1,288	$1.83	4d	2	0.86mi
127 W Buena Vista St Unit 129 Highland Park, MI	2.0	1.0	800	$1,000	$1.25	46d	1	0.86mi
2727 Calvert Ave Unit 1 Detroit, MI	3.0	1.5	1350	$1,200	$0.89	46d	1	0.88mi
2925 Calvert St Detroit, MI	3.0	1.0	1400	$1,300	$0.93	19d	1	0.92mi
64 Glendale St Highland Park, MI	4.0	1.0	1464	$1,500	$1.02	12d	1	0.97mi
3224 Calvert St Detroit, MI	3.0	1.0	1150	$1,150	$1.00	46d	1	1.01mi
3226 Calvert Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	15d	1	1.01mi
3740 Tyler St Unit 1 Detroit, MI	3.0	1.0	1300	$1,300	$1.00	7d	1	1.04mi
3266 Calvert Ave Fl 2 Detroit, MI	3.0	1.0	1279	$1,300	$1.02	26d	1	1.04mi
3783 Tyler St Unit Lower Detroit, MI	3.0	1.0	1000	$1,150	$1.15	46d	1	1.07mi
2034 Ewald Cir Detroit, MI	2.0	1.0	1000	$995	$0.99	7d	1	1.07mi
3824 Tyler St Apt 1 Detroit, MI	3.0	1.0	900	$1,523	$1.69	19d	1	1.11mi
27 Pasadena St Highland Park, MI	2.0	1.0	900	$825	$0.92	46d	1	1.15mi
9 Woodland St Detroit, MI	1.0–2.0	1.0	637	$1,090	$1.71	19d	8	1.17mi
3812 W Grand St Detroit, MI	2.0	1.0	1100	$1,025	$0.93	19d	1	1.18mi
3295 Rochester St Unit 2 Detroit, MI	2.0	1.0	800	$1,000	$1.25	7d	1	1.19mi
3295 Rochester St Unit 2 Detroit, MI	2.0	1.0	782	$850	$1.09	46d	1	1.19mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	26d	1	1.21mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	46d	1	1.21mi
2254 Taylor St Unit Taylor St unit Detroit, MI	3.0	1.0	1307	$1,550	$1.19	6d	1	1.22mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	46d	1	1.24mi
4268 Cortland St Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	46d	1	1.28mi
2463 Taylor St Detroit, MI	3.0	1.0	1350	$1,100	$0.81	46d	1	1.29mi

Listing history 45 events

1. 2026-06-22
   days on market $30,000 Active 59 DOM
2. 2026-06-21
   days on market $30,000 Active 58 DOM
3. 2026-06-18
   days on market $30,000 Active 55 DOM
4. 2026-06-17
   days on market $30,000 Active 54 DOM
5. 2026-06-15
   days on market $30,000 Active 52 DOM
6. 2026-06-13
   days on market $30,000 Active 50 DOM
7. 2026-06-13
   days on market $30,000 Active 49 DOM
8. 2026-06-09
   days on market $30,000 Active 46 DOM
9. 2026-06-08
   days on market $30,000 Active 45 DOM
10. 2026-06-07
    days on market $30,000 Active 44 DOM
11. 2026-06-04
    days on market $30,000 Active 41 DOM
12. 2026-06-03
    days on market $30,000 Active 40 DOM
13. 2026-06-02
    days on market $30,000 Active 39 DOM
14. 2026-06-01
    days on market $30,000 Active 38 DOM
15. 2026-05-31
    days on market $30,000 Active 37 DOM
16. 2026-05-07
    price $30,000 190-char remark

    Show marketing remark (190 chars)

    BRAND NEW ROOF! DOWN TO THE STUDS! READY FOR YOUR VISION AND RENOVATION! Investor Special, home ready for renovation. ARV $145,000. ALL REASONABLE OFFERS WILL BE CONSIDERED! QUICK VALUE ADD!

17. 2026-05-07
    price $30,000 190-char remark

    Show marketing remark (190 chars)

    BRAND NEW ROOF! DOWN TO THE STUDS! READY FOR YOUR VISION AND RENOVATION! Investor Special, home ready for renovation. ARV $145,000. ALL REASONABLE OFFERS WILL BE CONSIDERED! QUICK VALUE ADD!

18. 2026-04-24
    listed $40,000 Active 190-char remark

    Show marketing remark (190 chars)

    BRAND NEW ROOF! DOWN TO THE STUDS! READY FOR YOUR VISION AND RENOVATION! Investor Special, home ready for renovation. ARV $145,000. ALL REASONABLE OFFERS WILL BE CONSIDERED! QUICK VALUE ADD!

19. 2026-04-24
    listed $40,000 Active 190-char remark

    Show marketing remark (190 chars)

    BRAND NEW ROOF! DOWN TO THE STUDS! READY FOR YOUR VISION AND RENOVATION! Investor Special, home ready for renovation. ARV $145,000. ALL REASONABLE OFFERS WILL BE CONSIDERED! QUICK VALUE ADD!

20. 2023-06-29
    soldstatus $17,000 Sold

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

21. 2023-06-29
    soldstatus $17,000 Closed

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

22. 2023-05-23
    status Pending

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

23. 2023-05-23
    status Pending

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

24. 2023-05-02
    status Active

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

25. 2023-05-02
    status Active

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

26. 2023-03-30
    status Pending

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

27. 2023-03-30
    status Pending

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

28. 2023-03-07
    status Active

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

29. 2023-03-07
    status Active

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

30. 2023-02-27
    status Pending

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

31. 2023-02-27
    status Pending

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

32. 2023-02-08
    price $17,000
33. 2023-02-07
    price $17,000

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

34. 2023-01-17
    price $21,850
35. 2023-01-16
    price $21,850

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

36. 2022-12-16
    listed $23,000 Active

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

37. 2022-12-16
    listed $23,000 Active

    Show marketing remark (402 chars)

    Covered front porch welcomes you to this home at 1973 Sturtevant St! Front door opens to a big living room with lots of daylight! The kitchen has lots of cabinets and county space! There are 3 nice size bedrooms with one full bath. The basement is unfinished, offering plenty of space for storage! There is even a back covered porch to enjoy the spacious fenced lot which is perfect for your pets !

38. 2020-11-10
    historical
39. 2020-11-10
    historical
40. 2020-09-15
    status Active
41. 2020-09-15
    status Active
42. 2020-08-20
    historical Accepting Backup Offers
43. 2020-08-20
    historical Accepting Backup Offers
44. 2020-08-14
    listed $27,000 Active
45. 2020-08-14
    listed $27,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 14 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: $15,527
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$1,242
• − Management: −$1,242
• − Depreciation: −$873
• Taxable income: $9,890
• Est. tax owed @ 24.0%: −$2,374
• After-tax cash flow: $7,405/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): 15,227
• Household income: $45,046
• Rent vs Own: 46.4% rent · 53.6% own
• Severe rent burden: 646.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 3% Romanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 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: ▼ -139.60%
• Current HPI: 130.9545
• Rent YoY: ▲ 5.20%
• 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

+11.1% since first listed

30 events — show timeline

• 2026-05-07 Price Changed $30,000 MiRealSource-MiMLS
• 2026-05-07 Price Changed $30,000 REALCOMP
• 2026-04-24 Listed $40,000 REALCOMP
• 2026-04-24 Listed $40,000 MiRealSource-MiMLS
• 2023-06-29 Sold (MLS) $17,000 MiRealSource-MiMLS
• 2023-06-29 Sold (MLS) $17,000 REALCOMP
• 2023-05-23 Pending — MiRealSource-MiMLS
• 2023-05-23 Pending — REALCOMP
• 2023-05-02 Relisted — REALCOMP
• 2023-05-02 Relisted — MiRealSource-MiMLS
• 2023-03-30 Pending — MiRealSource-MiMLS
• 2023-03-30 Pending — REALCOMP
• 2023-03-07 Relisted — MiRealSource-MiMLS
• 2023-03-07 Relisted — REALCOMP
• 2023-02-27 Pending — MiRealSource-MiMLS
• 2023-02-27 Pending — REALCOMP
• 2023-02-08 Price Changed $17,000 MiRealSource-MiMLS
• 2023-02-07 Price Changed $17,000 REALCOMP
• 2023-01-17 Price Changed $21,850 MiRealSource-MiMLS
• 2023-01-16 Price Changed $21,850 REALCOMP
• 2022-12-16 Listed $23,000 MiRealSource-MiMLS
• 2022-12-16 Listed $23,000 REALCOMP
• 2020-11-10 Listing Removed — REALCOMP
• 2020-11-10 Listing Removed — MiRealSource-MiMLS
• 2020-09-15 Relisted — MiRealSource-MiMLS
• 2020-09-15 Relisted — REALCOMP
• 2020-08-20 Contingent — MiRealSource-MiMLS
• 2020-08-20 Contingent — REALCOMP
• 2020-08-14 Listed $27,000 MiRealSource-MiMLS
• 2020-08-14 Listed $27,000 REALCOMP

Property tax history

+16.0%/yr

Latest (2025): $3,387 · +0.7% YoY. Source: county tax records.