19643 Caldwell St · Detroit, MI 48234

$124,900

3 bd · 1.0 ba · 1,087 sqft · SingleFamily public records · 17 Days on market

Built 1947 3,920 sqft lot

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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 +22.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.7/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ready to move in totally renovated house with 3 Bedrooms and 2 full bathrooms bungalow brick house in the city of Detroit. this house is great for stater house or great for investors. Recent updates including new roof 2026, newer flooring, newly painted, brand new garage door opener in 2026 and new basement bathroom from the scratch in 2026. Closer to restaurant, grocery store, hospital and easy access to all major freeways. This beautiful house won't last long so schedule your showing today before its gone.

Key facts

• Totally renovated
• Newer flooring
• Newly painted

Tags

• TOTALLY RENOVATED
• NEW ROOF
• NEWER FLOORING
• NEWLY PAINTED
• NEW GARAGE DOOR OPENER
• NEW BASEMENT BATHROOM

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-story; Brick construction
• Construction: Brick/mortar foundation
• Exterior features: Paved road access; Lot roughly 38 x 108 (0.09 acres); Ground-level entry

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Partially finished basement; Basement present; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.

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: Mason Academy (381 students, 92% FRL); Clippert Academy (379 students, 82% FRL); Pershing High School (math 10% / reading 10%, grade F, #659 of 713 statewide, top 97%, 408 students, 89% FRL) — zoned schools at 88% FRL track the district average.
• Market conditions: Rents rising fast (+6.7%/yr); 227 active listings in the ZIP; 35 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).
• At $1,335/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 2372% 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 $864 of loan paydown is wiped out by about $4k 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 + 6.7% rent growth), your $35k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 32y 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 $19k; list at $125k implies a 557% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,026 (1.5% below list)

Questions for the listing agent

1. Built in 1947 — 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: 1.07% ✓
• Cap rate: 8.39%
• Cash-on-cash: 7.49%
• DSCR: 1.33
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $68,481
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19608 Buffalo St	0.04mi	3/1.0	1,014 (-7%)	1mo	$68,000	$67	86
3191 E Outer Dr	0.16mi	3/1.5	1,072 (-1%)	6mo	$79,500	$74	83
19610 Conley St	0.27mi	3/1.0	1,120 (+3%)	0mo	$80,000	$71	82
19442 Moenart St	0.15mi	3/1.5	1,145 (+5%)	2mo	$74,999	$66	80
19416 Lamont St	0.39mi	3/1.5	1,065 (-2%)	1mo	$9,000	$8	76
19366 Fenelon St	0.36mi	3/1.5	1,108 (+2%)	4mo	$70,000	$63	75
19672 Justine St	0.58mi	3/1.0	1,050 (-3%)	2mo	$47,500	$45	66
19351 Dwyer St	0.34mi	3/1.0	971 (-11%)	6mo	$120,000	$124	61
19322 Shields St	0.66mi	3/1.0	1,050 (-3%)	6mo	$43,000	$41	59
19392 Justine St	0.59mi	3/1.0	1,000 (-8%)	3mo	$45,000	$45	56
19235 Lamont St	0.47mi	2/1.0 (-1)	960 (-12%)	1mo	$40,000	$42	53
19721 Hasse St	0.51mi	3/2.5	1,226 (+13%)	5mo	$42,000	$34	44

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,154
• Equity at exit: $18,623

10-year hold

• IRR: 12.3%
• Equity multiple: 2.14×
• Total profit: $39,871
• Equity at exit: $10,799

Cash invested: $34,972 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 227
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,335 high
• Mortgage (P&I): −$655
• Tax from tax record: −$129 /mo · $1,554/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $218

Break-even live

Break-even rent $1,059

Max offer price $124,900

Occupancy floor 79%

Sensitivity live

Price	-10% $289	-5% $254	+0% $218	+5% $183	+10% $148
Rent	-10% $113	-5% $165	+0% $218	+5% $271	+10% $324
Rate	-1.0pp $281	-0.5pp $250	base $218	+0.5pp $186	+1.0pp $153

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	26d	1	0.22mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	26d	1	0.24mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	7d	1	0.24mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	19d	1	0.33mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	7d	1	0.36mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	46d	1	0.43mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	46d	1	0.44mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	24d	1	0.44mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	19d	1	0.44mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,250	$1.09	1d	1	0.46mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	19d	1	0.46mi
18677 Moenart St Detroit, MI	2.0	1.0	1470	$1,200	$0.82	46d	1	0.58mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	46d	1	0.78mi
19682 Rogge St Detroit, MI	3.0	1.0	1000	$1,350	$1.35	1d	1	0.89mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	0.90mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	20d	1	0.91mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,000	$1.18	1d	1	0.92mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	46d	1	0.96mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	26d	1	0.96mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	19d	1	0.97mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1160	$1,595	$1.38	46d	1	1.00mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1152	$1,595	$1.38	4d	1	1.00mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	46d	1	1.00mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	7d	1	1.04mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	26d	1	1.06mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	26d	1	1.09mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	26d	1	1.15mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	46d	1	1.16mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	17d	1	1.19mi
7060 Victory Ave Warren, MI	3.0	1.0	945	$1,450	$1.53	14d	1	1.26mi
7043 Meadow Ave Warren, MI	2.0	1.0	911	$1,274	$1.40	46d	1	1.33mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	19d	1	1.44mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	19d	1	1.45mi
7511 Toepfer Rd Warren, MI	3.0	1.0	1032	$1,199	$1.16	24d	1	1.49mi
22622 Panama Ave Warren, MI	3.0	1.5	920	$1,395	$1.52	13d	1	1.50mi

Listing history 12 events

1. 2026-06-22
   days on market $124,900 Active 17 DOM
2. 2026-06-21
   days on market $124,900 Active 16 DOM
3. 2026-06-18
   days on market $124,900 Active 13 DOM
4. 2026-06-17
   days on market $124,900 Active 12 DOM
5. 2026-06-16
   days on market $124,900 Active 11 DOM
6. 2026-06-15
   days on market $124,900 Active 10 DOM
7. 2026-06-13
   days on market $124,900 Active 8 DOM
8. 2026-06-13
   days on market $124,900 Active 7 DOM
9. 2026-06-09
   days on market $124,900 Active 4 DOM
10. 2026-06-08
    days on market $124,900 Active 3 DOM
11. 2026-06-07
    remarks 513-char remark
12. 2026-06-07
    listed $124,900 Active 2 DOM

ⓘ 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: $1,554 · $129/mo
• Projected year-2 tax: $1,738 · $145/mo
• Expected delta: +$185/yr (+$15/mo · 11.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 6% 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: $16,021
• − Mortgage interest: −$6,996
• − Property taxes: −$1,554
• − Insurance: −$624
• − Repairs & maintenance: −$1,282
• − Management: −$1,282
• − Depreciation: −$3,633
• Taxable income: $650
• Est. tax owed @ 24.0%: −$156
• After-tax cash flow: $2,463/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+652.4% since first listed

30 events — show timeline

• 2026-06-05 Listed $124,900 MiRealSource-MiMLS
• 2026-06-05 Listed $124,900 REALCOMP
• 2013-06-21 Listing Removed — MiRealSource-MiMLS
• 2013-06-20 Listing Removed — REALCOMP
• 2012-07-01 Listed $7,000 REALCOMP
• 2012-07-01 Listed $7,000 MiRealSource-MiMLS
• 2012-01-24 Listing Removed — REALCOMP
• 2012-01-24 Listing Removed — MiRealSource-MiMLS
• 2011-01-25 Listed $7,000 REALCOMP
• 2011-01-25 Listed $7,000 MiRealSource-MiMLS
• 2007-05-23 Sold (MLS) $19,000 REALCOMP
• 2007-03-26 Listed $27,900 REALCOMP
• 2007-03-04 Listing Removed — REALCOMP
• 2006-12-09 Listed $37,000 REALCOMP
• 2006-12-04 Listing Removed — REALCOMP
• 2006-12-04 Listing Removed — MiRealSource-MiMLS
• 2006-11-06 Listed $53,550 REALCOMP
• 2006-11-06 Listed $53,550 MiRealSource-MiMLS
• 2006-10-26 Listing Removed — REALCOMP
• 2006-10-26 Listing Removed — MiRealSource-MiMLS
• 2006-07-20 Listed $58,900 REALCOMP
• 2006-07-20 Listed $58,900 MiRealSource-MiMLS
• 2005-05-17 Sold (Public Records) $98,000 Public Records
• 2002-09-30 Listing Removed — REALCOMP
• 2002-06-06 Listed $73,900 REALCOMP
• 1994-11-07 Listing Removed — MiRealSource-MiMLS
• 1994-11-01 Sold (MLS) $29,900 MiRealSource-MiMLS
• 1994-04-30 Listed $29,900 MiRealSource-MiMLS
• 1993-08-26 Sold (Public Records) $7,153 Public Records
• 1993-03-23 Sold (Public Records) $16,600 Public Records

Property tax history

-0.7%/yr

Latest (2025): $1,554 · +0.0% YoY. Source: county tax records.