19790 Lahser Rd · Detroit, MI 48219 1837

$67,000

3 bd · 1.0 ba · 928 sqft · SingleFamily public records · 4 Days on market

Built 1950 4,356 sqft lot $72/sqft · at area comps Est $72k · 7% 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 +10.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

three-bedroom, one-bathroom home located in Detroit, on the city's west side. The property offers a spacious layout * * PROPERTY IS RENTED WITH A GOOD PAYING TENNAT * * * * !!!DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * *

Key facts

• Strong rental demand
• Spacious lot
• Nearby parks

Tags

• SPACIOUS LOT
• EASY ACCESS VIA PAVED ROADS
• ESTABLISHED NEIGHBORHOOD
• STRONG RENTAL DEMAND
• PRIME WEST SIDE LOCATION
• NEARBY PARKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $67k.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $67k).
• Cap rate 14.7% 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: 2 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).

Forward outlook

• In year one you build about $2k of equity ($463 loan paydown + $2k appreciation (3.0% local appreciation)).
• 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 + 3.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 18 sale attempts since 25y ago; this cycle's ask has dropped $8k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,000

Questions for the listing agent

1. Built in 1950 — 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: 1.93% ✓
• Cap rate: 14.70%
• Cash-on-cash: 30.04%
• DSCR: 2.34
• GRM: 4.3

CMA / ARV

• ARV (median comp): $71,823
• List price: $67,000
• Delta: -6.72%
• 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
21338 Pembroke Ave	0.26mi	3/1.0	930 (+0%)	1mo	$115,000	$124	87
19734 Westbrook St	0.31mi	3/1.0	950 (+2%)	2mo	$63,500	$67	80
19711 Chapel St	0.17mi	3/1.0	1,014 (+9%)	1mo	$120,000	$118	76
19212 Northrop St	0.40mi	3/1.0	981 (+6%)	2mo	$65,000	$66	70
18924 Bentler St	0.68mi	3/1.0	920 (-1%)	3mo	$74,900	$81	64
22530 Leewin St	0.40mi	3/1.0	832 (-10%)	2mo	$78,600	$94	62
18925 Bentler St	0.67mi	3/2.0	937 (+1%)	1mo	$79,900	$85	62
20300 Chapel St	0.41mi	3/1.0	1,043 (+12%)	1mo	$122,500	$117	60
19971 Patton St	0.67mi	2/1.5 (-1)	901 (-3%)	3mo	$54,000	$60	55
20089 Trinity St	0.47mi	3/2.0	1,025 (+10%)	4mo	$201,349	$196	53
20061 Pierson St	0.57mi	2/1.5 (-1)	869 (-6%)	4mo	$50,000	$58	53
19515 Patton St	0.65mi	3/1.0	822 (-11%)	4mo	$95,000	$116	47

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.9%
• Equity multiple: 3.03×
• Total profit: $38,055
• Equity at exit: $30,126

10-year hold

• IRR: 36.1%
• Equity multiple: 5.99×
• Total profit: $93,670
• Equity at exit: $46,428

Cash invested: $18,760 (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 48219 1837

• Active inventory: 2
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,295 high
• Mortgage (P&I): −$351
• Tax from tax record: −$174 /mo · $2,094/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $470

Break-even live

Break-even rent $701

Max offer price $67,000

Occupancy floor 59%

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: $16,750
• Closing costs: $2,010
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19928 Houghton St Detroit, MI	3.0	1.0	880	$1,495	$1.70	10d	1	0.16mi
21422 Pembroke Ave Detroit, MI	3.0	1.5	1000	$1,695	$1.70	16d	1	0.20mi
22238 Pembroke Ave Detroit, MI	3.0	1.5	1100	$1,500	$1.36	43d	1	0.20mi
20555 Lahser Rd Detroit, MI	1.0–2.0	1.0	737	$975	$1.32	43d	2	0.43mi
22649 Frisbee St Detroit, MI	3.0	1.0	1100	$1,495	$1.36	43d	1	0.48mi
19800 Berg Rd Detroit, MI	3.0	1.0	1000	$1,550	$1.55	16d	1	0.50mi
22570 Seven Mile W Detroit, MI	2.0	1.0	890	$875	$0.98	43d	1	0.60mi
19781 Fielding St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	4d	1	0.68mi
47129 Wedgewood Southfield, MI	1.0–2.0	1.0–2.0	1000	$1,275	$1.27	43d	1	0.70mi
19301 Shiawassee Dr Detroit, MI	1.0–2.0	1.0	740	$1,150	$1.55	43d	2	0.83mi
21455 Pickford St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	0.85mi
18437 Trinity St Detroit, MI	3.0	1.0	875	$1,364	$1.56	14d	1	0.88mi
21434 Karl St Detroit, MI	2.0	1.0	1000	$1,350	$1.35	43d	1	0.88mi
23411 W Eight Mile Rd Detroit, MI	1.0–2.0	1.0	742	$1,000	$1.35	43d	1	0.90mi
19800 Telegraph Rd Detroit, MI	2.0	1.0	855	$1,020	$1.19	43d	1	0.93mi
19457 Evergreen Rd Detroit, MI	2.0	1.0	1100	$1,200	$1.09	43d	1	0.96mi
17721 Westbrook St Detroit, MI	4.0	1.0	1040	$1,125	$1.08	24d	1	1.02mi
19276 Telegraph Rd Detroit, MI	2.0	1.0	820	$975	$1.19	43d	1	1.03mi
19248 Telegraph Rd Unit P7 Detroit, MI	2.0	1.0	820	$975	$1.19	24d	1	1.03mi
19264 Telegraph Rd Unit G7 Detroit, MI	2.0	1.0	820	$975	$1.19	43d	1	1.04mi
21451 Glenco St Detroit, MI	3.0	1.0	1026	$1,400	$1.36	16d	1	1.04mi
19250 Telegraph Rd Unit O7 Detroit, MI	2.0	1.0	820	$975	$1.19	24d	1	1.04mi
18025 Bentler St Detroit, MI	3.0	1.0	728	$1,250	$1.72	24d	1	1.06mi
18556 Kentfield St Detroit, MI	3.0	1.0	952	$1,250	$1.31	2d	1	1.06mi
18274 Fielding St Detroit, MI	2.0	1.0	700	$1,200	$1.71	16d	1	1.11mi
21440 Bennett St Detroit, MI	3.0	1.0	1037	$1,394	$1.34	16d	1	1.13mi
18461 Heyden St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	4d	1	1.15mi
18205 Stout St Detroit, MI	3.0	1.0	901	$1,078	$1.20	24d	1	1.17mi
24224 W 7 Mile Rd Detroit, MI	1.0–2.0	1.0	600	$875	$1.46	43d	3	1.19mi
18191 Heyden St Detroit, MI	2.0	1.0	917	$1,100	$1.20	24d	1	1.26mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	23d	1	1.31mi
17270 Bentler St Detroit, MI	2.0	1.0	650	$850	$1.31	43d	1	1.31mi
17274 Bentler St #46 Detroit, MI	2.0	1.0	700	$850	$1.21	16d	1	1.32mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$850	$1.21	43d	2	1.33mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$838	$1.20	24d	2	1.33mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	14d	1	1.34mi
18134 Vaughan St Detroit, MI	3.0	1.0	1060	$1,150	$1.08	16d	1	1.35mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	4d	1	1.38mi
18302 Wormer St Detroit, MI	3.0	1.0	1046	$1,475	$1.41	43d	1	1.42mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	43d	1	1.43mi

Listing history 50 events

1. 2026-06-18
   days on market $67,000 Active 4 DOM
2. 2026-06-17
   days on market $67,000 Active 3 DOM
3. 2026-06-16
   days on market $67,000 Active 2 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   days on marketlisting id $67,000 Active 1 DOM
6. 2026-06-13
   days on market $67,000 Active 313 DOM
7. 2026-06-13
   days on market $67,000 Active 312 DOM
8. 2026-06-09
   days on market $67,000 Active 309 DOM
9. 2026-06-08
   days on market $67,000 Active 308 DOM
10. 2026-06-07
    days on market $67,000 Active 307 DOM
11. 2026-06-04
    days on market $67,000 Active 304 DOM
12. 2026-06-03
    days on market $67,000 Active 303 DOM
13. 2026-06-01
    days on market $67,000 Active 301 DOM
14. 2026-05-31
    days on market $67,000 Active 300 DOM
15. 2026-03-02
    price $67,000 268-char remark

    Show marketing remark (268 chars)

    three-bedroom, one-bathroom home located in Detroit, on the city's west side. The property offers a spacious layout * * PROPERTY IS RENTED WITH A GOOD PAYING TENNAT * * * * !!!DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * *

16. 2026-03-02
    price $67,000 268-char remark

    Show marketing remark (268 chars)

    three-bedroom, one-bathroom home located in Detroit, on the city's west side. The property offers a spacious layout * * PROPERTY IS RENTED WITH A GOOD PAYING TENNAT * * * * !!!DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * *

17. 2025-12-27
    price $74,000 268-char remark

    Show marketing remark (268 chars)

    three-bedroom, one-bathroom home located in Detroit, on the city's west side. The property offers a spacious layout * * PROPERTY IS RENTED WITH A GOOD PAYING TENNAT * * * * !!!DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * *

18. 2025-12-26
    price $74,000 268-char remark

    Show marketing remark (268 chars)

    three-bedroom, one-bathroom home located in Detroit, on the city's west side. The property offers a spacious layout * * PROPERTY IS RENTED WITH A GOOD PAYING TENNAT * * * * !!!DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * *

19. 2025-08-04
    listed $75,000 Active 268-char remark

    Show marketing remark (268 chars)

    three-bedroom, one-bathroom home located in Detroit, on the city's west side. The property offers a spacious layout * * PROPERTY IS RENTED WITH A GOOD PAYING TENNAT * * * * !!!DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * *

20. 2025-08-04
    listed $75,000 Active 268-char remark

    Show marketing remark (268 chars)

    three-bedroom, one-bathroom home located in Detroit, on the city's west side. The property offers a spacious layout * * PROPERTY IS RENTED WITH A GOOD PAYING TENNAT * * * * !!!DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * *

21. 2021-01-28
    soldstatus $69,900
22. 2020-02-11
    historical
23. 2020-02-11
    historical
24. 2019-11-09
    price $30,000
25. 2019-11-08
    price $30,000
26. 2019-10-25
    listed $35,000 Active
27. 2019-10-25
    listed $35,000 Active
28. 2019-10-06
    historical
29. 2019-10-05
    historical
30. 2019-07-16
    listed $30,000 Active
31. 2019-07-16
    listed $30,000 Active
32. 2016-05-23
    historical
33. 2016-05-23
    historical
34. 2016-05-11
    historical
35. 2016-05-04
    status Pending
36. 2016-05-04
    status Pending
37. 2016-05-04
    status Pending
38. 2016-05-04
    historical
39. 2016-05-04
    historical
40. 2016-05-02
    listed $35,000 Active
41. 2016-05-02
    listed $35,000 Active
42. 2016-05-02
    listed $35,000 Active
43. 2016-05-02
    listed $35,000
44. 2015-04-20
    historical
45. 2015-04-20
    historical
46. 2015-03-07
    price $25,000
47. 2014-12-12
    listed $26,500 Active
48. 2014-09-04
    listed $25,000
49. 2010-09-30
    historical
50. 2010-06-03
    listed $10,917

ⓘ 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: $2,094 · $174/mo
• Projected year-2 tax: $2,094 · $174/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 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,544
• − Mortgage interest: −$3,753
• − Property taxes: −$2,094
• − Insurance: −$335
• − Repairs & maintenance: −$1,244
• − Management: −$1,244
• − Depreciation: −$1,949
• Taxable income: $4,926
• Est. tax owed @ 24.0%: −$1,182
• After-tax cash flow: $4,453/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

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%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

+191.3% since first listed

48 events — show timeline

• 2026-03-02 Price Changed $67,000 MiRealSource-MiMLS
• 2026-03-02 Price Changed $67,000 REALCOMP
• 2025-12-27 Price Changed $74,000 MiRealSource-MiMLS
• 2025-12-26 Price Changed $74,000 REALCOMP
• 2025-08-04 Listed $75,000 REALCOMP
• 2025-08-04 Listed $75,000 MiRealSource-MiMLS
• 2021-01-28 Sold (Public Records) $69,900 Public Records
• 2020-02-11 Listing Removed — REALCOMP
• 2020-02-11 Listing Removed — MiRealSource-MiMLS
• 2019-11-09 Price Changed $30,000 MiRealSource-MiMLS
• 2019-11-08 Price Changed $30,000 REALCOMP
• 2019-10-25 Listed $35,000 MiRealSource-MiMLS
• 2019-10-25 Listed $35,000 REALCOMP
• 2019-10-06 Listing Removed — REALCOMP
• 2019-10-05 Listing Removed — MiRealSource-MiMLS
• 2019-07-16 Listed $30,000 MiRealSource-MiMLS
• 2019-07-16 Listed $30,000 REALCOMP
• 2016-05-23 Listing Removed — MiRealSource-MiMLS
• 2016-05-23 Listing Removed — REALCOMP
• 2016-05-11 Listing Removed — REALCOMP
• 2016-05-04 Pending — MiRealSource-MiMLS
• 2016-05-04 Pending — REALCOMP
• 2016-05-04 Pending — MiRealSource-MiMLS
• 2016-05-04 Listing Removed — MiRealSource-MiMLS
• 2016-05-04 Listing Removed — REALCOMP
• 2016-05-02 Listed $35,000 MiRealSource-MiMLS
• 2016-05-02 Listed $35,000 MiRealSource-MiMLS
• 2016-05-02 Listed $35,000 REALCOMP
• 2016-05-02 Listed $35,000 REALCOMP
• 2015-04-20 Listing Removed — MiRealSource-MiMLS
• 2015-04-20 Listing Removed — REALCOMP
• 2015-03-07 Price Changed $25,000 MiRealSource-MiMLS
• 2014-12-12 Listed $26,500 MiRealSource-MiMLS
• 2014-09-04 Listed $25,000 REALCOMP
• 2010-09-30 Listing Removed — REALCOMP
• 2010-06-03 Listed $10,917 REALCOMP
• 2009-05-18 Listing Removed — REALCOMP
• 2008-04-25 Listed $11,900 REALCOMP
• 2006-04-24 Listing Removed — REALCOMP
• 2006-04-20 Sold (Public Records) $75,000 Public Records
• 2006-01-24 Listed $65,000 REALCOMP
• 2006-01-20 Sold (MLS) $35,500 REALCOMP
• 2005-09-02 Listed $38,000 REALCOMP
• 2002-08-31 Listing Removed — REALCOMP
• 2002-08-06 Listed $71,500 REALCOMP
• 2002-01-02 Listing Removed — REALCOMP
• 2001-10-19 Listed $74,900 REALCOMP
• 1997-06-14 Sold (Public Records) $23,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $2,094 · -11.3% YoY. Source: county tax records.