20027 PREVOST ST Prevost St · Detroit, MI 48235

$93,000

3 bd · 1.0 ba · 1,138 sqft · SingleFamily public records · 180 Days on market

Built 1949 5,663 sqft lot $82/sqft · 31% below area Est $111k · 16% 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 +14.7/15.0
• 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

ALL BUYERS MUST BE ACCOMPANIED BY A LICENSED REALTOR!!! PICTURES DON'T DO THIS HOUSE JUSTICE. .. MUST COME SEE this Bungalow. It's an Investors rehab dream! BATVAI

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1949

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $93k.

Deal economics

• At list price, monthly cash flow is $474 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $93k).
• Recommended offer: $82k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 10.0% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Bow Elementarymiddle School (math 5% / reading 5%, grade F, #1,325 of 1,397 statewide, top 99%, 574 students, 93% FRL); Henry Ford High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 712 students, 86% FRL) — zoned schools at 90% FRL track the district average.
• Market conditions: Rents rising (+3.2%/yr); 291 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 43% 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 $643 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.
• At projected returns (-3.0% appreciation + 3.2% rent growth), your $26k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 23y 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 $72k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $81,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.50% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.84%
• DSCR: 1.97
• GRM: 5.5

CMA / ARV

• ARV (median comp): $110,828
• List price: $93,000
• Delta: -16.09%
• 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
20253 Winthrop St	0.20mi	3/1.0	1,093 (-4%)	5mo	$145,900	$133	80
16910 Pembroke Ave	0.37mi	3/1.0	1,150 (+1%)	1mo	$50,000	$43	80
16442 Pembroke Ave	0.34mi	3/1.0	1,050 (-8%)	4mo	$40,000	$38	68
19412 Sussex St	0.58mi	3/1.0	1,170 (+3%)	2mo	$93,000	$79	67
20569 Biltmore St	0.49mi	3/1.5	1,073 (-6%)	2mo	$174,000	$162	64
19160 Gilchrist St	0.72mi	3/1.0	1,100 (-3%)	5mo	$85,000	$77	57
19477 Prest St	0.43mi	3/2.0	1,300 (+14%)	1mo	$173,000	$133	52
19412 Prest St	0.50mi	2/1.0 (-1)	1,267 (+11%)	3mo	$67,500	$53	51
19348 Montrose St	0.47mi	3/1.5	990 (-13%)	5mo	$145,900	$147	50
19950 Oakfield St	0.56mi	3/1.0	1,001 (-12%)	5mo	$40,000	$40	50
20025 Hubbell St	0.72mi	3/1.0	1,022 (-10%)	1mo	$59,500	$58	49
19152 Whitcomb St	0.71mi	2/1.5 (-1)	1,012 (-11%)	2mo	$110,000	$109	40

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: 14.8%
• Equity multiple: 1.59×
• Total profit: $15,481
• Equity at exit: $13,867

10-year hold

• IRR: 23.7%
• Equity multiple: 3.07×
• Total profit: $53,855
• Equity at exit: $8,041

Cash invested: $26,040 (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: 291
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,397 high
• Mortgage (P&I): −$488
• Tax from tax record: −$103 /mo · $1,241/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $474

Break-even live

Break-even rent $797

Max offer price $93,000

Occupancy floor 61%

Sensitivity live

Price	-10% $527	-5% $500	+0% $474	+5% $448	+10% $421
Rent	-10% $364	-5% $419	+0% $474	+5% $529	+10% $584
Rate	-1.0pp $521	-0.5pp $498	base $474	+0.5pp $450	+1.0pp $425

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: $23,250
• Closing costs: $2,790
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	17d	5	0.28mi
19503 Mansfield St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	19d	1	0.33mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	19d	1	0.35mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	26d	1	0.37mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	26d	1	0.38mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	7d	1	0.46mi
20314 Gilchrist St Detroit, MI	3.0	1.0	1042	$1,500	$1.44	7d	1	0.47mi
20259 Oakfield St Detroit, MI	3.0	1.0	1056	$1,250	$1.18	19d	1	0.59mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,423	$1.38	0d	1	0.70mi
19400 Harlow St Detroit, MI	4.0	1.0	1298	$1,275	$0.98	19d	1	0.70mi
20510 Fenmore St Detroit, MI	3.0	1.0	1194	$1,300	$1.09	4d	1	0.70mi
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	46d	1	0.71mi
19307 Lindsay St Detroit, MI	2.0	1.0	900	$1,100	$1.22	0d	1	0.72mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	17d	1	0.74mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	46d	1	0.81mi
20200 Ashton Ave Detroit, MI	3.0	1.0	1200	$1,200	$1.00	19d	1	0.82mi
18675 Forrer St Detroit, MI	3.0	1.0	1200	$1,225	$1.02	7d	1	0.85mi
18964 Coyle St Detroit, MI	3.0	1.0	1300	$1,350	$1.04	5d	1	0.88mi
20527 Rosemont Ave Detroit, MI	2.0	2.0	975	$1,528	$1.57	46d	1	0.93mi
20042 Freeland St Detroit, MI	3.0	1.5	1445	$1,300	$0.90	0d	1	0.94mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	26d	1	0.99mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	21d	1	1.00mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	5d	1	1.03mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	7d	1	1.04mi
16500 N Park Dr Southfield, MI	1.0–3.0	1.0–2.5	1500	$2,289	$1.53	0d	1	1.09mi
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	19d	1	1.10mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	7d	1	1.14mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	46d	1	1.20mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	46d	1	1.20mi
20426 Tracey St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	26d	1	1.20mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	19d	1	1.22mi
19474 Schaefer Hwy Detroit, MI	2.0	1.0	896	$1,075	$1.20	7d	1	1.29mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	46d	1	1.30mi
17573 Asbury Park Detroit, MI	3.0	2.0	990	$1,400	$1.41	0d	1	1.36mi
16200 W 9 Mile Rd Southfield, MI	1.0–2.0	1.0–2.0	971	$1,700	$1.75	7d	2	1.37mi
18257 Mark Twain St Detroit, MI	3.0	1.0	1185	$1,507	$1.27	19d	1	1.39mi
16300 W 9 Mile Rd Southfield, MI	1.0–2.0	1.0–2.0	950	$1,350	$1.42	46d	1	1.41mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,025	$1.40	0d	1	1.46mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	26d	1	1.46mi

Listing history 26 events

1. 2026-06-13
   days on market $93,000 Active 180 DOM
2. 2026-06-13
   days on market $93,000 Active 179 DOM
3. 2026-06-09
   days on market $93,000 Active 176 DOM
4. 2026-06-08
   days on market $93,000 Active 175 DOM
5. 2026-06-07
   days on market $93,000 Active 174 DOM
6. 2026-06-04
   days on market $93,000 Active 171 DOM
7. 2026-06-03
   days on market $93,000 Active 170 DOM
8. 2026-06-01
   days on market $93,000 Active 168 DOM
9. 2026-05-31
   days on market $93,000 Active 167 DOM
10. 2025-12-12
    listed $93,000 Active 163-char remark

    Show marketing remark (163 chars)

    ALL BUYERS MUST BE ACCOMPANIED BY A LICENSED REALTOR!!! PICTURES DON'T DO THIS HOUSE JUSTICE. .. MUST COME SEE this Bungalow. It's an Investors rehab dream! BATVAI

11. 2025-12-12
    listed $93,000 Active 163-char remark

    Show marketing remark (163 chars)

    ALL BUYERS MUST BE ACCOMPANIED BY A LICENSED REALTOR!!! PICTURES DON'T DO THIS HOUSE JUSTICE. .. MUST COME SEE this Bungalow. It's an Investors rehab dream! BATVAI

12. 2016-06-15
    historical
13. 2016-06-15
    historical
14. 2016-06-03
    status Active
15. 2016-05-27
    historical
16. 2016-04-16
    listed $12,000 Active
17. 2016-02-19
    listed $12,000 Active
18. 2016-01-01
    historical
19. 2015-12-31
    historical
20. 2015-09-21
    listed $12,000 Active
21. 2015-09-21
    listed $12,000
22. 2008-04-07
    historical
23. 2008-01-07
    listed $70,000
24. 2004-01-09
    soldstatus $72,000
25. 2003-06-27
    soldstatus $72,000
26. 2003-04-14
    listed $72,900

ⓘ 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: $1,241 · $103/mo
• Projected year-2 tax: $1,337 · $111/mo
• Expected delta: +$96/yr (+$8/mo · 7.7%)

ⓘ 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 ≥98°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: $16,767
• − Mortgage interest: −$5,209
• − Property taxes: −$1,241
• − Insurance: −$465
• − Repairs & maintenance: −$1,341
• − Management: −$1,341
• − Depreciation: −$2,705
• Taxable income: $4,463
• Est. tax owed @ 24.0%: −$1,071
• After-tax cash flow: $4,616/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

+27.6% since first listed

17 events — show timeline

• 2025-12-12 Listed $93,000 MiRealSource-MiMLS
• 2025-12-12 Listed $93,000 REALCOMP
• 2016-06-15 Listing Removed — REALCOMP
• 2016-06-15 Listing Removed — MiRealSource-MiMLS
• 2016-06-03 Relisted — REALCOMP
• 2016-05-27 Listing Removed — REALCOMP
• 2016-04-16 Listed $12,000 MiRealSource-MiMLS
• 2016-02-19 Listed $12,000 REALCOMP
• 2016-01-01 Listing Removed — REALCOMP
• 2015-12-31 Listing Removed — MiRealSource-MiMLS
• 2015-09-21 Listed $12,000 REALCOMP
• 2015-09-21 Listed $12,000 MiRealSource-MiMLS
• 2008-04-07 Listing Removed — REALCOMP
• 2008-01-07 Listed $70,000 REALCOMP
• 2004-01-09 Sold (Public Records) $72,000 Public Records
• 2003-06-27 Sold (MLS) $72,000 REALCOMP
• 2003-04-14 Listed $72,900 REALCOMP

Property tax history

-2.5%/yr

Latest (2025): $1,241 · -53.9% YoY. Source: county tax records.