1969 Orleans St #22 · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 95°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- 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).
- 1% rule +10.0/10.0
- ARV discount +7.5/15.0
- Cash flow +6.3/30.0
- Livability +3.7/5.0
- Appreciation +3.6/10.0
- Rent growth +3.4/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- DSCR +0.6/10.0
$120,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to your urban oasis in the heart of Detroit! This stunning 2-bedroom, 1-bathroom condo offers a perfect blend of modern living and city convenience. Step into a bright and airy living space, adorned with contemporary finishes and an open floor plan that maximizes both style and functionality. The sleek kitchen is a chef's delight, boasting stainless steel appliances, granite countertops, and ample cabinet space. Whether you're hosting a dinner party or enjoying a quiet meal, this kitchen is both beautiful and practical. Retreat to the two well-appointed bedrooms, each offering a comfortable haven for relaxation. Large windows flood the rooms with natural light, creating a warm and inviting atmosphere. The living and dining areas seamlessly flow together, providing a versatile space for entertaining guests or enjoying a cozy night in. The neutral color scheme allows for easy personalization to make it your own. Take in the dynamic cityscape from the comfort of your own home. The condo offers panoramic views of the city that come alive both day and night, creating a vibrant backdrop to your urban lifestyle. Nestled in the heart of Detroit, this condo provides easy access to the city's vibrant culture, dining, and entertainment. Commuting is a breeze with nearby public transportation and major highways. Enjoy the convenience of on-site amenities, which may include a fitness center, communal spaces, or a rooftop terrace with breathtaking views. Secure Parking: Your condo comes with secure parking, ensuring that your vehicle is always safe and easily accessible. Don't miss this opportunity to own a slice of city living in Detroit. Whether you're a professional seeking a modern space or a couple looking for an urban retreat, this 2-bed, 1-bath condo is the perfect place to call home. Schedule a showing today and experience the best of Detroit living!
Key facts
- Garage
- Built 1966
- Listed 175 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $121k.
Deal economics
- At list price, monthly cash flow is $-215 ($-3k/yr) — negative.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $121k).
- Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
- Cap rate 4.2% vs local median 10.2% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
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 (+3.5%/yr); 245 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- At $1,944/mo this rent would consume 49% of the median local household income ($48k/yr) (locally 2017% 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 (-2.8%/yr); year-one equity from $836 of loan paydown is wiped out by about $3k 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.
Negotiation context
- It's been on market 175 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 3y 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.
Risks & watch-outs
- Watch-outs: HOA is 43% of rent.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 175 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.61% ✓
- Cap rate
- 4.16%
- Cash-on-cash
- -7.63%
- DSCR
- 0.66
- GRM
- 5.2
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-2.79% appreciation · 3.53% rent growth · sell at horizon
- IRR
- -25.7%
- Equity multiple
- 0.10×
- Total profit
- $-30,605
- Equity at exit
- $19,154
- IRR
- -17.5%
- Equity multiple
- -0.08×
- Total profit
- $-36,665
- Equity at exit
- $12,399
Cash invested: $33,852 (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
ZIP-level market 48207
- Home prices YoY
- -2.0%
- Rents YoY
- 3.5%
- Active inventory
- 245
- Price-to-rent
- 5.2×
Monthly cashflow live
- Estimated rent
- $1,944 high interval (Pro) →
- Mortgage (P&I)
- −$634
- Tax from tax record
- −$228 /mo · $2,736/yr
- Insurance
- −$50
- HOA est. from 8 same-building comps
- −$839
- Vacancy / Maint / Mgmt
- −$408
- Net cashflow
- $-215
Break-even live
Sensitivity live
| Price | -10% $-147 | -5% $-181 | +0% $-215 | +5% $-249 | +10% $-284 |
|---|---|---|---|---|---|
| Rent | -10% $-369 | -5% $-292 | +0% $-215 | +5% $-138 | +10% $-62 |
| Rate | -1.0pp $-154 | -0.5pp $-184 | base $-215 | +0.5pp $-247 | +1.0pp $-278 |
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
- $30,225
- Closing costs
- $3,627
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1989 Orleans St Detroit, MI | 2.0 | 2.0 | 964 | $1,700 | $1.76 | 44d | 1 | 0.03mi |
| 1410 Gratiot Ave Unit 202 Detroit, MI | 1.0 | 1.0 | 1100 | $1,995 | $1.81 | 44d | 1 | 0.12mi |
| 1 Lafayette Plaisance St Detroit, MI | 2.0 | 1.0 | 840 | $2,337 | $2.78 | 2d | 28 | 0.27mi |
| 1405 Rivard St Detroit, MI | 2.0 | 1.0–2.0 | 665 | $2,530 | $3.80 | 4d | 9 | 0.39mi |
| 2280 E Vernor Hwy Detroit, MI | 1.0–3.0 | 1.0–2.0 | 872 | $919 | $1.05 | 21d | 1 | 0.40mi |
| 2001 Chene St Detroit, MI | 2.0 | 1.0 | 950 | $1,069 | $1.13 | 44d | 1 | 0.47mi |
| 1544 1566 E LAFAYETTE St Detroit, MI | 2.0 | 1.0–2.0 | 848 | $2,515 | $2.97 | 4d | 16 | 0.48mi |
| 1941 Chene Ct Detroit, MI | 1.0–2.0 | 1.0–2.0 | 795 | $1,200 | $1.51 | 13d | 4 | 0.50mi |
| 621 Orleans St Detroit, MI | 1.0–2.0 | 1.0 | 775 | $1,425 | $1.84 | 3d | 7 | 0.54mi |
| 1531 Larned St Detroit, MI | 1.0 | 1.0–1.5 | 840 | $1,380 | $1.64 | 44d | 1 | 0.59mi |
| 1387 Larned St Detroit, MI | 2.0 | 1.0–1.5 | 825 | $1,599 | $1.94 | 4d | 8 | 0.60mi |
| 2928 Prince Hall Dr Detroit, MI | 2.0 | 2.0 | 1425 | $2,000 | $1.40 | 5d | 1 | 0.65mi |
| 1001 E Jefferson Ave Detroit, MI | 2.0 | 1.0 | 615 | $2,265 | $3.68 | 44d | 20 | 0.73mi |
| 310 Gratiot Ave Detroit, MI | 2.0 | 1.0–2.0 | 753 | $3,635 | $4.83 | 21d | 13 | 0.77mi |
| 3670 Chrysler Dr Detroit, MI | 1.0–2.0 | 1.0–1.5 | 877 | $1,550 | $1.77 | 44d | 1 | 0.82mi |
| 1323 Broadway St Detroit, MI | 2.0 | 1.0 | 1500 | $2,200 | $1.47 | 44d | 1 | 0.83mi |
| 229 Orleans St Detroit, MI | 1.0–2.0 | 1.0–2.5 | 1087 | $2,779 | $2.56 | 3d | 10 | 0.83mi |
| 66 Winder St Detroit, MI | 1.0 | 1.0 | 900 | $2,100 | $2.33 | 13d | 1 | 0.86mi |
| 66 Winder St #458 Detroit, MI | 2.0 | 2.0 | 1300 | $2,600 | $2.00 | 25d | 1 | 0.86mi |
| 10 Witherell St Detroit, MI | 1.0–2.0 | 1.0–2.5 | 1394 | $6,000 | $4.30 | 5d | 8 | 0.89mi |
| 555 Brush St Unit : 1017 Detroit, MI | 2.0 | 1.0 | 1020 | $1,495 | $1.47 | 45d | 1 | 0.93mi |
| 555 Brush St Unit 2912 Detroit, MI | 2.0 | 2.0 | 1265 | $1,860 | $1.47 | 45d | 1 | 0.93mi |
| 555 Brush St Unit 2706 Detroit, MI | 2.0 | 2.0 | 1410 | $2,075 | $1.47 | 45d | 1 | 0.93mi |
| 555 Brush St Unit 3104 Detroit, MI | 2.0 | 2.0 | 1020 | $2,195 | $2.15 | 45d | 1 | 0.93mi |
| 555 Brush St Unit : 3007 Detroit, MI | 1.0 | 1.0 | 925 | $1,850 | $2.00 | 45d | 1 | 0.93mi |
| 555 Brush St Unit 1615 Detroit, MI | 2.0 | 1.0 | 1020 | $1,715 | $1.68 | 45d | 1 | 0.93mi |
| 10 Grand River Ave Detroit, MI | 1.0 | 1.0 | 884 | $1,850 | $2.09 | 4d | 2 | 0.96mi |
| 76 W Adams Ave Detroit, MI | 1.0–2.0 | 1.0–2.0 | 881 | $2,787 | $3.16 | 25d | 10 | 0.98mi |
| 1214 Griswold St Detroit, MI | 1.0 | 1.0 | 757 | $1,938 | $2.56 | 4d | 24 | 1.00mi |
| 1212 Griswold St Unit 0702 Detroit, MI | 1.0 | 1.0 | 875 | $1,850 | $2.11 | 25d | 1 | 1.01mi |
| 1212 Griswold St Unit 1024685P Detroit, MI | 2.0 | 2.0 | 1291 | $11,873 | $9.20 | 24d | 1 | 1.01mi |
| 500 River Pl Dr Detroit, MI | 1.0–3.0 | 1.0–2.0 | 950 | $1,625 | $1.71 | 44d | 1 | 1.03mi |
| 1215 Griswold St Detroit, MI | 2.0–3.0 | 2.0 | 912 | $2,395 | $2.62 | 4d | 2 | 1.05mi |
| 1133 Griswold St Detroit, MI | 2.0 | 2.0 | 956 | $2,400 | $2.51 | 24d | 1 | 1.05mi |
| 111 State St Unit 1024673P Detroit, MI | 2.0 | 2.0 | 1291 | $8,342 | $6.46 | 24d | 1 | 1.05mi |
| 111 State St Unit 1024679P Detroit, MI | 2.0 | 2.0 | 1248 | $7,718 | $6.18 | 13d | 1 | 1.05mi |
| 600 Woodward Ave Detroit, MI | 2.0 | 2.5 | 1392 | $5,817 | $4.18 | 2d | 4 | 1.05mi |
| 150 Bagley St Detroit, MI | 1.0–2.0 | 1.0–2.5 | 960 | $4,100 | $4.27 | 18d | 1 | 1.05mi |
| 415 Clifford St Detroit, MI | 2.0 | 1.0–2.0 | 755 | $1,999 | $2.65 | 5d | 9 | 1.06mi |
| 1265 Washington Blvd Detroit, MI | 2.0 | 1.0–2.5 | 944 | $5,560 | $5.89 | 2d | 9 | 1.10mi |
HOA detail condo
- Monthly dues
- $0 · $0/yr
- Likely covers
- gym
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 20 events
-
2024-12-17status Pending
-
2024-05-22status Pending 1884-char remark
Show marketing remark (1884 chars)
Welcome to your urban oasis in the heart of Detroit! This stunning 2-bedroom, 1-bathroom condo offers a perfect blend of modern living and city convenience. Step into a bright and airy living space, adorned with contemporary finishes and an open floor plan that maximizes both style and functionality. The sleek kitchen is a chef's delight, boasting stainless steel appliances, granite countertops, and ample cabinet space. Whether you're hosting a dinner party or enjoying a quiet meal, this kitchen is both beautiful and practical. Retreat to the two well-appointed bedrooms, each offering a comfortable haven for relaxation. Large windows flood the rooms with natural light, creating a warm and inviting atmosphere. The living and dining areas seamlessly flow together, providing a versatile space for entertaining guests or enjoying a cozy night in. The neutral color scheme allows for easy personalization to make it your own. Take in the dynamic cityscape from the comfort of your own home. The condo offers panoramic views of the city that come alive both day and night, creating a vibrant backdrop to your urban lifestyle. Nestled in the heart of Detroit, this condo provides easy access to the city's vibrant culture, dining, and entertainment. Commuting is a breeze with nearby public transportation and major highways. Enjoy the convenience of on-site amenities, which may include a fitness center, communal spaces, or a rooftop terrace with breathtaking views. Secure Parking: Your condo comes with secure parking, ensuring that your vehicle is always safe and easily accessible. Don't miss this opportunity to own a slice of city living in Detroit. Whether you're a professional seeking a modern space or a couple looking for an urban retreat, this 2-bed, 1-bath condo is the perfect place to call home. Schedule a showing today and experience the best of Detroit living!
-
2024-05-22status Pending
Show marketing remark (1884 chars)
Welcome to your urban oasis in the heart of Detroit! This stunning 2-bedroom, 1-bathroom condo offers a perfect blend of modern living and city convenience. Step into a bright and airy living space, adorned with contemporary finishes and an open floor plan that maximizes both style and functionality. The sleek kitchen is a chef's delight, boasting stainless steel appliances, granite countertops, and ample cabinet space. Whether you're hosting a dinner party or enjoying a quiet meal, this kitchen is both beautiful and practical. Retreat to the two well-appointed bedrooms, each offering a comfortable haven for relaxation. Large windows flood the rooms with natural light, creating a warm and inviting atmosphere. The living and dining areas seamlessly flow together, providing a versatile space for entertaining guests or enjoying a cozy night in. The neutral color scheme allows for easy personalization to make it your own. Take in the dynamic cityscape from the comfort of your own home. The condo offers panoramic views of the city that come alive both day and night, creating a vibrant backdrop to your urban lifestyle. Nestled in the heart of Detroit, this condo provides easy access to the city's vibrant culture, dining, and entertainment. Commuting is a breeze with nearby public transportation and major highways. Enjoy the convenience of on-site amenities, which may include a fitness center, communal spaces, or a rooftop terrace with breathtaking views. Secure Parking: Your condo comes with secure parking, ensuring that your vehicle is always safe and easily accessible. Don't miss this opportunity to own a slice of city living in Detroit. Whether you're a professional seeking a modern space or a couple looking for an urban retreat, this 2-bed, 1-bath condo is the perfect place to call home. Schedule a showing today and experience the best of Detroit living!
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2024-05-01soldstatus $107,500
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2023-11-29$120,900 Active
Show marketing remark (1884 chars)
Welcome to your urban oasis in the heart of Detroit! This stunning 2-bedroom, 1-bathroom condo offers a perfect blend of modern living and city convenience. Step into a bright and airy living space, adorned with contemporary finishes and an open floor plan that maximizes both style and functionality. The sleek kitchen is a chef's delight, boasting stainless steel appliances, granite countertops, and ample cabinet space. Whether you're hosting a dinner party or enjoying a quiet meal, this kitchen is both beautiful and practical. Retreat to the two well-appointed bedrooms, each offering a comfortable haven for relaxation. Large windows flood the rooms with natural light, creating a warm and inviting atmosphere. The living and dining areas seamlessly flow together, providing a versatile space for entertaining guests or enjoying a cozy night in. The neutral color scheme allows for easy personalization to make it your own. Take in the dynamic cityscape from the comfort of your own home. The condo offers panoramic views of the city that come alive both day and night, creating a vibrant backdrop to your urban lifestyle. Nestled in the heart of Detroit, this condo provides easy access to the city's vibrant culture, dining, and entertainment. Commuting is a breeze with nearby public transportation and major highways. Enjoy the convenience of on-site amenities, which may include a fitness center, communal spaces, or a rooftop terrace with breathtaking views. Secure Parking: Your condo comes with secure parking, ensuring that your vehicle is always safe and easily accessible. Don't miss this opportunity to own a slice of city living in Detroit. Whether you're a professional seeking a modern space or a couple looking for an urban retreat, this 2-bed, 1-bath condo is the perfect place to call home. Schedule a showing today and experience the best of Detroit living!
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2023-11-29$120,900 Active 1884-char remark
Show marketing remark (1884 chars)
Welcome to your urban oasis in the heart of Detroit! This stunning 2-bedroom, 1-bathroom condo offers a perfect blend of modern living and city convenience. Step into a bright and airy living space, adorned with contemporary finishes and an open floor plan that maximizes both style and functionality. The sleek kitchen is a chef's delight, boasting stainless steel appliances, granite countertops, and ample cabinet space. Whether you're hosting a dinner party or enjoying a quiet meal, this kitchen is both beautiful and practical. Retreat to the two well-appointed bedrooms, each offering a comfortable haven for relaxation. Large windows flood the rooms with natural light, creating a warm and inviting atmosphere. The living and dining areas seamlessly flow together, providing a versatile space for entertaining guests or enjoying a cozy night in. The neutral color scheme allows for easy personalization to make it your own. Take in the dynamic cityscape from the comfort of your own home. The condo offers panoramic views of the city that come alive both day and night, creating a vibrant backdrop to your urban lifestyle. Nestled in the heart of Detroit, this condo provides easy access to the city's vibrant culture, dining, and entertainment. Commuting is a breeze with nearby public transportation and major highways. Enjoy the convenience of on-site amenities, which may include a fitness center, communal spaces, or a rooftop terrace with breathtaking views. Secure Parking: Your condo comes with secure parking, ensuring that your vehicle is always safe and easily accessible. Don't miss this opportunity to own a slice of city living in Detroit. Whether you're a professional seeking a modern space or a couple looking for an urban retreat, this 2-bed, 1-bath condo is the perfect place to call home. Schedule a showing today and experience the best of Detroit living!
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2023-09-30historical
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2023-09-30historical
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2023-07-20price $120,900
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2023-07-20price $120,900
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2023-07-07historical
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2023-07-07$124,900 Active
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2023-07-07historical
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2023-04-24status Active
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2023-04-24status Active
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2023-04-24$124,900 Active
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2023-04-10historical
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2023-04-10historical
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2023-04-10historical
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2023-04-10historical
ⓘ 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
- $2,736 · $228/mo
- Projected year-2 tax
- $2,736 · $228/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 ≥95°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $23,334
- − Mortgage interest
- −$6,772
- − Property taxes
- −$2,736
- − Insurance
- −$604
- − Repairs & maintenance
- −$1,867
- − Management
- −$1,867
- − HOA
- −$10,068
- − Depreciation
- −$3,517
- Taxable loss
- −$4,097
- Est. tax savings @ 24.0%
- +$983
- After-tax cash flow
- $-1,599/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
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)
- 20,848
- Household income
- $47,831
- Rent vs Own
- Severe rent burden
- 2017.0
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 (74%)
- Race & ethnicity
- Black 74% White 18% Two or more races 4% Asian 3% Hispanic / Latino 2%
- Common ancestry
- Romanian 2% Italian 1% Lithuanian 1%
- Foreign-born
- 5% · Canada, South Korea
- Languages at home
- 94% English-only · Spanish 2% Other Indo-European 1% Arabic 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
- ▼ -2.79%
- Current HPI
- 136.6328
- Rent YoY
- ▲ 3.53%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
||
| Automotive Technology | 1 | $20B |
|
||
Price history
-13.9% since first listed20 events — show timeline
- 2024-12-17 Pending — REALCOMP
- 2024-05-22 Pending — MiRealSource-MiMLS
- 2024-05-22 Pending — REALCOMP
- 2024-05-01 Sold (Public Records) $107,500 Public Records
- 2023-11-29 Listed $120,900 MiRealSource-MiMLS
- 2023-11-29 Listed $120,900 REALCOMP
- 2023-09-30 Listing Removed — MiRealSource-MiMLS
- 2023-09-30 Listing Removed — REALCOMP
- 2023-07-20 Price Changed $120,900 MiRealSource-MiMLS
- 2023-07-20 Price Changed $120,900 REALCOMP
- 2023-07-07 Listing Removed — MiRealSource-MiMLS
- 2023-07-07 Listed $124,900 REALCOMP
- 2023-07-07 Listing Removed — REALCOMP
- 2023-04-24 Relisted — MiRealSource-MiMLS
- 2023-04-24 Relisted — REALCOMP
- 2023-04-24 Listed $124,900 MiRealSource-MiMLS
- 2023-04-10 Coming Soon — MiRealSource-MiMLS
- 2023-04-10 Coming Soon — REALCOMP
- 2023-04-10 Listing Removed — MiRealSource-MiMLS
- 2023-04-10 Listing Removed — REALCOMP
Property tax history
+9.2%/yrLatest (2025): $2,736 · +179.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…