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1882 Kenmore Dr 🌊 Lakefront
F Composite 32.77
Why this score? — see what drove the F 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).

  • ARV discount +15.0/15.0
  • Schools +5.7/10.0
  • Livability +4.2/5.0
  • Cash flow +2.7/30.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • 1% rule +0.2/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$289,000

1882 Kenmore Dr · Grosse Pointe Woods, MI 48236
3 bd · 1.0 ba · 1,202 sqft · SingleFamily public records · 4 Days on market
Built 1947 6,098 sqft lot $240/sqft · waterfront premium Est $408k · 29% under · waterfront

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

Key facts

  • 6,098 sq ft lot
  • 2 garage spots
  • Built 1947

Property features AI

Exterior

  • Parking: Detached 2-car garage
  • Utilities: Public water; Natural gas connected; Natural gas water heater
  • Home design: Single family residence; Residential property
  • Construction: Brick construction; Asphalt roof; Built in 1947
  • Exterior features: Sidewalk; Paved road access

Interior

  • Kitchen: Dishwasher; Disposal; Microwave; Oven; Range
  • Bedrooms: Primary bedroom (16 x 14); Bedroom 2 (14 x 14); Bedroom 3 (12 x 11)
  • Bathrooms: 3 full bathrooms; Primary bathroom (12 x 6); Bathroom (8 x 7)
  • Heating & cooling: Forced air heating; Cooling present
  • Interior features: Garage door opener; Wet bar; Wood-burning fireplace; Full basement; 13 total rooms
  • Laundry & utility: Washer; Dryer; Laundry room (10 x 13); Utility room (18 x 8)

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $289k.

Deal economics

  • At list price, monthly cash flow is $-972 ($-12k/yr) — negative.
  • To cash-flow at today's rent, offer at most $125k (56.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (48.1% below list).
  • Recommended offer: $125k (56.8% below list) — sets the bar for cash-flow.
  • Cap rate 2.3% vs local median 3.0% in Grosse Pointe Woods — 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 84/100 on livability (#34 in MI, #643 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: health & safety D+, amenities F.
  • Grosse Pointe Public Schools (suburban): math 56% / reading 68% proficiency, ranked #24 of 540 in MI (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
  • Zoned schools: John Monteith Elementary School (math 57% / reading 52%, grade C, #276 of 1,397 statewide, top 22%, 477 students, 26% FRL); Parcells Middle School (math 43% / reading 56%, grade C, #127 of 493 statewide, top 26%, 677 students, 36% FRL); Grosse Pointe North High School (math 45% / reading 73%, grade C+, #87 of 713 statewide, top 12%, 1,081 students, 31% FRL) — zoned schools average 31% FRL vs 13% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 162 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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

  • Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
  • 8 sale attempts since 29y 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: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.
Recommended offer $124,826 (56.8% below list)

Questions for the listing agent

  1. 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?
  2. Built in 1947 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  5. 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?
  6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  9. 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.
  10. 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.
  11. 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
0.52%
Cap rate
2.26%
Cash-on-cash
-14.41%
DSCR
0.36
GRM
16.1

CMA / ARV

ARV (median comp)
$408,421
List price
$289,000
Delta
-29.24%
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
1806 Oxford Rd 0.10mi 3/1.0 1,282 (+7%) 5mo $250,000 $195 80
1818 Norwood Dr 0.14mi 3/1.0 1,125 (-6%) 4mo $270,000 $240 80
21135 Littlestone Rd 0.52mi 3/1.0 1,119 (-7%) 1mo $187,500 $168 63
1866 Country Club Rd 0.30mi 3/1.5 1,367 (+14%) 1mo $299,000 $219 60
20506 Lochmoor St 0.72mi 3/1.5 1,170 (-3%) 0mo $179,550 $153 60
20640 Fleetwood Dr 0.73mi 3/1.0 1,300 (+8%) 1mo $125,000 $96 51
2368 Allard Ave 0.53mi 2/2.0 (-1) 1,111 (-8%) 5mo $205,000 $185 50
20631 Lochmoor St 0.67mi 3/2.5 1,311 (+9%) 2mo $219,000 $167 46
21345 Newcastle Rd 0.75mi 3/2.0 1,092 (-9%) 0mo $153,500 $141 46
20688 Fleetwood Dr 0.69mi 3/1.0 1,053 (-12%) 3mo $173,000 $164 44
20696 Huntington Ave 0.59mi 2/1.5 (-1) 1,336 (+11%) 5mo $200,000 $150 43
20602 Kenmore Ave 0.66mi 3/2.0 1,055 (-12%) 3mo $163,850 $155 42

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
-43.7%
Equity multiple
-0.34×
Total profit
$-108,600
Equity at exit
$43,091
10-year hold
IRR
-76.5%
Equity multiple
-1.15×
Total profit
$-173,773
Equity at exit
$24,987

Cash invested: $80,920 (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.

ZIP-level market 48236

Active inventory
162
Price-to-rent
16.1×

Monthly cashflow live

Estimated rent
$1,499 high interval (Pro) →
Mortgage (P&I)
$1,516
Tax from tax record
$520 /mo · $6,241/yr
Insurance
$120
HOA
$0
Vacancy / Maint / Mgmt
$315
Net cashflow
$-972

Break-even live

Break-even rent $2,729
Max offer price $124,826
Occupancy floor

Sensitivity live

Price -10% $-808 -5% $-890 +0% $-972 +5% $-1,054 +10% $-1,135
Rent -10% $-1,090 -5% $-1,031 +0% $-972 +5% $-913 +10% $-853
Rate -1.0pp $-826 -0.5pp $-898 base $-972 +0.5pp $-1,047 +1.0pp $-1,123

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
$72,250
Closing costs
$8,670
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 29 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2037 Vernier Rd Grosse Pointe Woods, MI 2.0 1.0 850 $1,350 $1.59 46d 1 0.62mi
1992 Hawthorne Rd Grosse Pointe Woods, MI 3.0 2.0 1071 $2,100 $1.96 12d 1 0.78mi
2175 Ridgemont Rd Grosse Pointe Woods, MI 2.0 1.0 1100 $1,300 $1.18 46d 1 0.91mi
21401 Kingsville St Harper Woods, MI 2.0 1.0 944 $1,200 $1.27 26d 1 0.95mi
20015 Lochmoor St Harper Woods, MI 3.0 1.0 1006 $1,500 $1.49 19d 1 0.96mi
19203 Edgefield St Harper Woods, MI 2.0 1.0 1100 $1,100 $1.00 26d 1 0.98mi
19168 Berden St Grosse Pointe, MI 3.0 1.0 1200 $1,800 $1.50 0d 1 0.99mi
1150 Anita Ave Grosse Pointe Woods, MI 3.0 1.5 1129 $2,600 $2.30 12d 1 1.01mi
20461 Kingsville St Harper Woods, MI 4.0 1.0 1100 $1,399 $1.27 17d 1 1.14mi
20926 Moross Rd Grosse Pointe, MI 3.0 1.0 1200 $1,350 $1.12 46d 1 1.15mi
20270 Hollywood St Harper Woods, MI 3.0 1.0 1228 $1,650 $1.34 0d 1 1.17mi
22144 Moross Rd Grosse Pointe, MI 2.0 1.0 819 $1,350 $1.65 20d 1 1.18mi
22144 Moross Rd Grosse Pointe, MI 2.0 1.0 819 $1,350 $1.65 5d 1 1.18mi
22148 Moross Rd Grosse Pointe, MI 2.0 1.0 819 $1,250 $1.53 19d 1 1.18mi
22148 Moross Rd Grosse Pointe, MI 2.0 1.0 819 $1,250 $1.53 5d 1 1.18mi
20600 Balfour St Harper Woods, MI 1.0–2.0 1.0–2.0 971 $1,640 $1.69 0d 14 1.19mi
19000 Chandler Park Dr Grosse Pointe, MI 2.0 1.0 1374 $2,195 $1.60 0d 1 1.20mi
19000 Chandler Park Dr Grosse Pointe, MI 2.0 1.0 1374 $2,300 $1.67 1d 1 1.20mi
6301 Lodewyck St Detroit, MI 3.0 1.0 1084 $1,300 $1.20 15d 1 1.36mi
6301 Lodewyck St Detroit, MI 3.0 1.0 1084 $1,300 $1.20 1d 1 1.36mi
19982 McCormick St Detroit, MI 3.0 1.0 866 $1,200 $1.39 6d 1 1.38mi
19661 Kenosha St Harper Woods, MI 3.0 2.0 1000 $1,400 $1.40 26d 1 1.40mi
17720 Chester St Detroit, MI 2.0 1.0 986 $1,250 $1.27 46d 1 1.40mi
17710 Chester St Detroit, MI 2.0 1.0 984 $1,250 $1.27 46d 1 1.40mi
10870 Marne St Detroit, MI 3.0 1.0 1156 $1,100 $0.95 19d 1 1.42mi
6175 Marseilles St Detroit, MI 3.0 1.0 1100 $1,100 $1.00 46d 1 1.43mi
5915 Farmbrook St Detroit, MI 3.0 1.5 1000 $1,250 $1.25 26d 1 1.44mi
10542 Lanark St Detroit, MI 3.0 1.0 1023 $1,250 $1.22 46d 1 1.46mi
10985 Peerless St Detroit, MI 3.0 1.0 1000 $1,364 $1.36 7d 1 1.46mi

Listing history 23 events

  1. 2026-05-04
    status Pending 1006-char remark
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  2. 2026-05-04
    status Pending 1006-char remark
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  3. 2026-05-04
    status Pending
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  4. 2026-04-30
    listed $289,000 Active 1006-char remark
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  5. 2026-04-30
    listed $289,000 Active
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  6. 2026-04-30
    listed $289,000 Active 1006-char remark
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  7. 2026-04-26
    historical $289,000 1006-char remark
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  8. 2026-04-26
    historical $289,000
    Show marketing remark (1006 chars)

    This classic 3-Bedroom * 3 Full-Bath * bungalow home may be perfectly located being part of the highly rated Grosse Pointe Public Schools district, & at the center of a vibrant, family-focused community. Grosse Pointe Woods is celebrated for its lush, tree-lined streets, mid-century architectural charm, and a welcoming atmosphere that's perfect for families and professionals alike. The city is rich in recreational amenities, including expansive green spaces like Ghesquiere Park, featuring baseball diamonds, playgrounds, athletic fields, and even an outdoor skating rink in winter. The Grosse Pointe Woods Community Center, adjacent to the park, hosts a variety of cultural, educational, and social programs for all ages. For those who love the water, Lake Front Park--though technically located in neighboring St. Clair Shores--is accessible to residents and boasts Michigan's largest outdoor swimming complex, plus scenic lakefront views and community gathering spaces. Offer Deadline 5/3@5pm

  9. 2019-02-26
    soldstatus $220,000
  10. 2012-06-12
    soldstatus $80,100
  11. 2012-06-12
    soldstatus $80,100
  12. 2012-04-27
    historical
  13. 2012-04-12
    historical
  14. 2012-04-11
    listed $58,200
  15. 2012-04-11
    listed $58,200
  16. 2012-04-11
    historical
  17. 2012-04-09
    listed $81,480
  18. 2012-04-09
    listed $81,480
  19. 1998-01-28
    soldstatus $160,000
  20. 1997-09-24
    soldstatus $160,000
  21. 1997-09-08
    historical
  22. 1997-09-02
    listed $160,000
  23. 1997-08-27
    soldstatus $156,000

ⓘ 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
$6,241 · $520/mo
Projected year-2 tax
$6,241 · $520/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 6/10 Major FEMA zone X (unshaded) · 87% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
$17,990
− Mortgage interest
−$16,188
− Property taxes
−$6,241
− Insurance
−$1,445
− Repairs & maintenance
−$1,439
− Management
−$1,439
− Depreciation
−$8,407
Taxable loss
−$17,171
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,121
After-tax cash flow
$-7,540/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
Grosse Pointe Public Schools
NCES district ID
2625740
Math proficiency
56% ▼ -2.00%
Reading proficiency
68% ▲ 2.00%
Median HH income
$89,975
Composite
56.51/100
National rank
#1152
State rank
#24 of 540 in MI

Livability — Grosse Pointe Woods

Score
84/100
State rank
#34
US rank
#643

Category grades

Amenities F Commute A+ Cost of living B Crime A Employment A+ Housing A+ Health & safety D+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Grosse Pointe Woods, MI
City population
31,383
Population (ZIP)
31,383

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 White (82%)
Race & ethnicity
White 82% Black 11% Two or more races 5% Asian 2% Hispanic / Latino 1%
Common ancestry
Romanian 10% Lithuanian 5% Italian 4%
Foreign-born
7% · Canada
Languages at home
93% English-only · Other Indo-European 2% Arabic 2% 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
▼ -285.11%
Current HPI
181.0475
Rent YoY
Metro
State GDP YoY
▲ 1.37%
F500 in state
28

Industry mix (Fortune 500 HQ in MI)

Industry F500 HQs Revenue

Price history

+106.7% since first listed
26 events — show timeline
  • 2026-05-29 Sold (MLS) $322,500 SW Michigan MLS
  • 2026-05-29 Sold (MLS) $322,500 MiRealSource-MiMLS
  • 2026-05-29 Sold (MLS) $322,500 REALCOMP
  • 2026-05-04 Pending MiRealSource-MiMLS
  • 2026-05-04 Pending REALCOMP
  • 2026-05-04 Pending SW Michigan MLS
  • 2026-04-30 Listed $289,000 REALCOMP
  • 2026-04-30 Listed $289,000 SW Michigan MLS
  • 2026-04-30 Listed $289,000 MiRealSource-MiMLS
  • 2026-04-26 Coming Soon $289,000 MiRealSource-MiMLS
  • 2026-04-26 Coming Soon $289,000 SW Michigan MLS
  • 2019-02-26 Sold (Public Records) $220,000 Public Records
  • 2012-06-12 Sold (MLS) $80,100 REALCOMP
  • 2012-06-12 Sold (MLS) $80,100 MiRealSource-MiMLS
  • 2012-04-27 Listing Removed MiRealSource-MiMLS
  • 2012-04-12 Listing Removed MiRealSource-MiMLS
  • 2012-04-11 Listing Removed REALCOMP
  • 2012-04-11 Listed $58,200 REALCOMP
  • 2012-04-11 Listed $58,200 MiRealSource-MiMLS
  • 2012-04-09 Listed $81,480 REALCOMP
  • 2012-04-09 Listed $81,480 MiRealSource-MiMLS
  • 1998-01-28 Sold (Public Records) $160,000 Public Records
  • 1997-09-24 Sold (MLS) $160,000 MiRealSource-MiMLS
  • 1997-09-08 Listing Removed MiRealSource-MiMLS
  • 1997-09-02 Listed $160,000 MiRealSource-MiMLS
  • 1997-08-27 Sold (Public Records) $156,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $6,241 · +9.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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