17621 Meyers Rd · Detroit, MI 48235

$50,000

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 3 Days on market

Built 1951 3,920 sqft lot Est $68k · 27% 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
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

1/2 DUPLEX IN THE VIBRANT 48235 MEYERS CORRIDOR! NEAR BRAND NEW HOUSING , THE NORTHWEST ACTIVTIES CENTER, HOME DEPOT, AND THE MC NICHOLS COMMERCIAL CORRIDOR. THIS DUPLEX HAS 2 BEDROOMS AND A BONUS ROOM, A 2-CAR GARAGE, AND A BASEMENT HALF BATH. THE DINING ROOM HAS BEEN OPENED TO THE KITCHEN. PROPERTY NEEDS WORK AND IS BEING SOLD "AS IS. " BUT WHEN YOU PUT YOUR FINISHING TOUCHES ON THIS ONE YOU WILL HAVE A PREMIUM DUPLEX BECAUSE OF THE GARAGE, OPEN KITCHEN AREA BONUS ROOM, AND HALF BATH WHICH THE AVERAGE DUPLEX DOES NOT HAVE!

Key facts

• Half bath
• Open kitchen area
• 1/2 duplex

Tags

• 1/2 DUPLEX
• OPEN KITCHEN AREA
• BONUS ROOM
• HALF BATH

Property features AI

Exterior

• Parking: Detached garage facing the side with 2 garage spaces
• Utilities: Public water; Public sewer; Electric service with circuit breakers
• Home design: Single family residence; Two levels; Ground-level entry with steps
• Construction: Brick construction; Block foundation; Asphalt roof
• Exterior features: Back yard fencing; Paved road access

Interior

• Bedrooms: 6 total rooms (bedrooms included)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Ceiling fans; No central cooling
• Interior features: Partially finished basement; Basement present

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $550 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Cap rate 19.5% 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: Rents rising (+3.2%/yr); 283 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).
• This rent runs 36% of the median local income ($39k/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 $346 of loan paydown is wiped out by about $2k 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 + 3.2% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $50,000

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.33% ✓
• Cap rate: 19.49%
• Cash-on-cash: 47.13%
• DSCR: 3.10
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $68,256
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10710 Curtis St	0.19mi	2/1.0	865 (+0%)	11mo	$37,500	$43	82
17365 Meyers Rd	0.18mi	2/1.0	942 (+9%)	4mo	$49,000	$52	73
18081 Meyers Rd	0.09mi	2/1.5	946 (+10%)	6mo	$75,000	$79	73
16580 Ward Ave	0.64mi	2/1.0	825 (-4%)	1mo	$48,000	$58	62
16510 Littlefield St	0.74mi	2/1.0	861 (-0%)	4mo	$45,000	$52	61
19161 Meyers Rd	0.70mi	2/1.0	894 (+4%)	3mo	$87,500	$98	59
16854 Lesure St	0.73mi	3/1.0 (+1)	886 (+2%)	3mo	$105,000	$119	54
16937 Birwood St	0.49mi	2/1.0	960 (+11%)	13mo	$55,000	$57	47
16919 Littlefield St	0.53mi	3/2.0 (+1)	980 (+13%)	5mo	$199,900	$204	40
18267 Stansbury St	0.71mi	3/1.0 (+1)	926 (+7%)	12mo	$146,000	$158	40
18636 Washburn St	0.64mi	3/1.5 (+1)	967 (+12%)	7mo	$62,500	$65	37
16644 Ilene St	0.70mi	3/1.0 (+1)	984 (+14%)	14mo	$90,000	$91	27

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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: 44.8%
• Equity multiple: 2.95×
• Total profit: $27,249
• Equity at exit: $7,455

10-year hold

• IRR: 50.8%
• Equity multiple: 6.01×
• Total profit: $70,177
• Equity at exit: $4,323

Cash invested: $14,000 (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 48235

• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,167 high
• Mortgage (P&I): −$262
• Tax from tax record: −$89 /mo · $1,067/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $550

Break-even live

Break-even rent $471

Max offer price $50,000

Occupancy floor 48%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17150 Meyers Rd Detroit, MI	1.0–2.0	1.0	775	$975	$1.26	43d	2	0.31mi
18675 Meyers Rd Unit 18677 Detroit, MI	2.0	1.0	942	$1,100	$1.17	43d	1	0.47mi
18461 Washburn St Detroit, MI	1.0	1.0	690	$775	$1.12	43d	1	0.56mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	0.57mi
18512 Schaefer Hwy Detroit, MI	2.0	1.0	962	$1,200	$1.25	24d	1	0.59mi
16503 Ward Ave Unit 2 Detroit, MI	2.0	1.0	700	$850	$1.21	43d	1	0.71mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	43d	1	0.76mi
18637 James Couzens Fwy Unit C103 Detroit, MI	1.0	1.0	630	$835	$1.33	43d	1	0.78mi
18637 James Couzens Fwy Apt 103A Detroit, MI	1.0	1.0	630	$835	$1.33	1d	1	0.78mi
17159 Northlawn St Unit 17161 Detroit, MI	2.0	1.0	1122	$975	$0.87	4d	1	0.92mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	10d	1	0.93mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	17d	1	0.99mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	43d	1	1.06mi
15738 Sorrento Ave Detroit, MI	3.0	1.0	762	$1,175	$1.54	43d	1	1.07mi
19474 Schaefer Hwy Detroit, MI	2.0	1.0	896	$1,075	$1.20	4d	1	1.08mi
15878 Kentucky St Detroit, MI	2.0	1.0	800	$900	$1.12	43d	1	1.10mi
15839 Kentucky St Detroit, MI	2.0	1.0	800	$1,200	$1.50	17d	1	1.11mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	43d	1	1.15mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	4d	1	1.16mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	43d	1	1.16mi
19929 Monte Vista St Detroit, MI	3.0	1.0	860	$1,450	$1.69	17d	1	1.18mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	4d	1	1.24mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	43d	1	1.25mi
15517 Lesure St Unit BDRM1A Detroit, MI	2.0	1.0	1000	$850	$0.85	24d	1	1.26mi
16722 Tuller St Detroit, MI	3.0	1.5	1100	$1,500	$1.36	16d	1	1.27mi
20032 Monte Vista St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	20d	1	1.28mi
20122 Manor St Detroit, MI	3.0	1.0	1028	$1,200	$1.17	43d	1	1.32mi
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	16d	1	1.37mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	12d	1	1.39mi
17147 Monica St Unit 2 1 Detroit, MI	2.0	1.0	900	$975	$1.08	24d	1	1.39mi
17551 Santa Rosa Dr Detroit, MI	2.0	1.0	1036	$1,095	$1.06	43d	1	1.41mi
20009 Wisconsin St Detroit, MI	3.0	1.5	1051	$1,400	$1.33	17d	1	1.41mi
20245 Manor Detroit, MI	3.0	1.0	1018	$1,400	$1.38	2d	1	1.44mi
17145 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	1050	$1,400	$1.33	17d	1	1.44mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	19d	1	1.45mi
17150 Santa Rosa Dr Detroit, MI	1.0	1.0	950	$1,250	$1.32	17d	1	1.47mi
20429 Monte Vista St Detroit, MI	3.0	1.0	872	$1,300	$1.49	17d	1	1.49mi

Listing history 3 events

1. 2026-06-13
   statusdays on market $50,000 Pending 3 DOM
2. 2026-06-08
   remarks 534-char remark

   Show marketing remark (540 chars)

   1/2 DUPLEX IN THE VIBRANT 48235 MEYERS CORRIDOR! NEAR BRAND NEW HOUSING , THE NORTHWEST ACTIVTIES CENTER, HOME DEPOT, AND THE MC NICHOLS COMMERCIAL CORRIDOR. THIS DUPLEX HAS 2 BEDROOMS AND A BONUS ROOM, A 2-CAR GARAGE, AND A BASEMENT HALF BATH. THE DINING ROOM HAS BEEN OPENED TO THE KITCHEN. PROPERTY NEEDS WORK AND IS BEING SOLD "AS IS. " BUT WHEN YOU PUT YOUR FINISHING TOUCHES ON THIS ONE YOU WILL HAVE A PREMIUM DUPLEX BECAUSE OF THE GARAGE, OPEN KITCHEN AREA BONUS ROOM, AND HALF BATH WHICH THE AVERAGE DUPLEX DOES NOT HAVE!

3. 2026-06-08
   listed $50,000 Active 1 DOM

   Show marketing remark (540 chars)

   1/2 DUPLEX IN THE VIBRANT 48235 MEYERS CORRIDOR! NEAR BRAND NEW HOUSING , THE NORTHWEST ACTIVTIES CENTER, HOME DEPOT, AND THE MC NICHOLS COMMERCIAL CORRIDOR. THIS DUPLEX HAS 2 BEDROOMS AND A BONUS ROOM, A 2-CAR GARAGE, AND A BASEMENT HALF BATH. THE DINING ROOM HAS BEEN OPENED TO THE KITCHEN. PROPERTY NEEDS WORK AND IS BEING SOLD "AS IS. " BUT WHEN YOU PUT YOUR FINISHING TOUCHES ON THIS ONE YOU WILL HAVE A PREMIUM DUPLEX BECAUSE OF THE GARAGE, OPEN KITCHEN AREA BONUS ROOM, AND HALF BATH WHICH THE AVERAGE DUPLEX DOES NOT HAVE!

ⓘ 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: $1,067 · $89/mo
• Projected year-2 tax: $1,067 · $89/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,003
• − Mortgage interest: −$2,801
• − Property taxes: −$1,067
• − Insurance: −$250
• − Repairs & maintenance: −$1,120
• − Management: −$1,120
• − Depreciation: −$1,455
• Taxable income: $6,190
• Est. tax owed @ 24.0%: −$1,486
• After-tax cash flow: $5,113/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): 45,600
• Household income: $39,265
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 3064.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -153.02%
• Current HPI: 263.6326
• Rent YoY: ▲ 3.25%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-06-08 Listed $50,000 MiRealSource-MiMLS
• 2026-06-08 Listed $50,000 REALCOMP

Property tax history

-1.7%/yr

Latest (2025): $1,067 · +0.5% YoY. Source: county tax records.