19615 Hasse St · Detroit, MI 48234

$129,999

4 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 66 Days on market

Built 1926 3,049 sqft lot $120/sqft · 208% above area

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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 +25.5/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• 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

Look no further!!! This beautifully renovated property has hit the market. This 4 bedroom, 2 bathroom home has been remodeled from top to bottom. It has a great location, it sits close to Detroit's famous Outer Drive bypass giving access to all major roadways and is less than 15 minutes away from downtown. This home should qualify for all down payment programs Plan your visit today. BATVAI $495 Transaction fee to listing brokerage.

Key facts

• Renovated property
• Close to downtown
• 3,049 sq ft lot

Tags

• RENOVATED PROPERTY
• ACCESS TO MAJOR ROADWAYS
• CLOSE TO DOWNTOWN

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $122k (6.0% 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: 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 fast (+6.7%/yr); 226 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $1,413/mo this rent would consume 48% 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 $899 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 $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 21 sale attempts since 19y 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 $32k; list at $130k implies a 300% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,199 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — 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: 1.09% ✓
• Cap rate: 9.09%
• Cash-on-cash: 9.98%
• DSCR: 1.44
• GRM: 7.7

CMA / ARV

• ARV (median comp): $42,220
• List price: $129,999
• Delta: 207.91%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19672 Justine St	0.10mi	3/1.0 (-1)	1,050 (-3%)	2mo	$47,500	$45	84
19416 Lamont St	0.14mi	3/1.5 (-1)	1,065 (-1%)	1mo	$9,000	$8	83
19610 Conley St	0.24mi	3/1.0 (-1)	1,120 (+4%)	0mo	$80,000	$71	78
19155 Ryan Rd	0.44mi	3/1.0 (-1)	1,068 (-1%)	2mo	$45,000	$42	71
19360 Revere St	0.57mi	3/1.0 (-1)	1,050 (-3%)	2mo	$78,000	$74	62
19608 Buffalo St	0.48mi	3/1.0 (-1)	1,014 (-6%)	1mo	$68,000	$67	62
20409 Yonka St	0.69mi	3/1.0 (-1)	1,050 (-3%)	1mo	$93,000	$89	57
19662 Charest St	0.72mi	3/1.0 (-1)	1,041 (-4%)	2mo	$69,000	$66	54
20426 Wexford St	0.65mi	3/1.5 (-1)	1,009 (-7%)	0mo	$117,000	$116	51
19227 Ryan Rd	0.40mi	3/1.0 (-1)	919 (-15%)	1mo	$38,000	$41	50
19619 Norwood St	0.53mi	3/1.0 (-1)	941 (-13%)	2mo	$30,500	$32	47
19155 Gallagher St	0.75mi	3/1.5 (-1)	1,208 (+12%)	0mo	$129,900	$108	38

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: 2.5%
• Equity multiple: 1.10×
• Total profit: $3,665
• Equity at exit: $19,383

10-year hold

• IRR: 15.2%
• Equity multiple: 2.43×
• Total profit: $52,189
• Equity at exit: $11,240

Cash invested: $36,400 (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: 226
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,413 high
• Mortgage (P&I): −$682
• Tax from tax record: −$77 /mo · $930/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $303

Break-even live

Break-even rent $1,030

Max offer price $129,999

Occupancy floor 74%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	5d	1	0.16mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	16d	1	0.43mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	4d	1	0.44mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	16d	1	0.49mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	2d	1	0.49mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.52mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	16d	1	0.54mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	22d	1	0.55mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	43d	1	0.55mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	24d	1	0.58mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	24d	1	0.60mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	15d	1	0.69mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	16d	1	0.69mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	0.71mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	24d	1	0.74mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	43d	1	0.80mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	16d	1	0.95mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	16d	1	1.00mi
19995 Goddard St Detroit, MI	4.0	1.0	1292	$1,400	$1.08	22d	1	1.10mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	24d	1	1.11mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	43d	1	1.19mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1152	$1,595	$1.38	2d	1	1.19mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1160	$1,595	$1.38	43d	1	1.19mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	24d	1	1.27mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	16d	1	1.41mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	16d	1	1.46mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	43d	1	1.47mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	43d	1	1.47mi

Listing history 50 events

1. 2026-06-18
   days on market $129,999 Active 66 DOM
2. 2026-06-17
   days on market $129,999 Active 65 DOM
3. 2026-06-15
   days on market $129,999 Active 63 DOM
4. 2026-06-13
   days on market $129,999 Active 61 DOM
5. 2026-06-13
   days on market $129,999 Active 60 DOM
6. 2026-06-09
   days on market $129,999 Active 57 DOM
7. 2026-06-08
   days on market $129,999 Active 56 DOM
8. 2026-06-07
   days on market $129,999 Active 55 DOM
9. 2026-06-04
   days on market $129,999 Active 52 DOM
10. 2026-06-03
    days on market $129,999 Active 51 DOM
11. 2026-06-02
    days on market $129,999 Active 50 DOM
12. 2026-06-01
    days on market $129,999 Active 49 DOM
13. 2026-05-31
    days on market $129,999 Active 48 DOM
14. 2026-04-13
    listed $129,999 Active 436-char remark

    Show marketing remark (436 chars)

    Look no further!!! This beautifully renovated property has hit the market. This 4 bedroom, 2 bathroom home has been remodeled from top to bottom. It has a great location, it sits close to Detroit's famous Outer Drive bypass giving access to all major roadways and is less than 15 minutes away from downtown. This home should qualify for all down payment programs Plan your visit today. BATVAI $495 Transaction fee to listing brokerage.

15. 2026-04-13
    listed $129,999 Active 436-char remark

    Show marketing remark (436 chars)

    Look no further!!! This beautifully renovated property has hit the market. This 4 bedroom, 2 bathroom home has been remodeled from top to bottom. It has a great location, it sits close to Detroit's famous Outer Drive bypass giving access to all major roadways and is less than 15 minutes away from downtown. This home should qualify for all down payment programs Plan your visit today. BATVAI $495 Transaction fee to listing brokerage.

16. 2026-04-13
    listed $129,999 Active

    Show marketing remark (436 chars)

    Look no further!!! This beautifully renovated property has hit the market. This 4 bedroom, 2 bathroom home has been remodeled from top to bottom. It has a great location, it sits close to Detroit's famous Outer Drive bypass giving access to all major roadways and is less than 15 minutes away from downtown. This home should qualify for all down payment programs Plan your visit today. BATVAI $495 Transaction fee to listing brokerage.

17. 2025-07-07
    soldstatus $32,500 Closed
18. 2025-07-07
    soldstatus $32,500 Closed
19. 2025-06-16
    status Pending
20. 2025-06-16
    status Pending
21. 2025-02-24
    listed $40,000 Active
22. 2025-02-24
    listed $40,000 Active
23. 2025-02-10
    historical
24. 2025-02-10
    historical
25. 2024-08-09
    listed $49,900 Active
26. 2024-08-09
    listed $49,900 Active
27. 2008-05-12
    historical
28. 2008-02-08
    soldstatus $1,900
29. 2008-02-08
    soldstatus $1,900
30. 2008-01-11
    historical
31. 2008-01-03
    listed $1,900
32. 2008-01-03
    listed $1,900
33. 2008-01-03
    historical
34. 2007-12-12
    listed $2,900
35. 2007-12-12
    listed $2,900
36. 2007-12-12
    historical
37. 2007-12-12
    historical
38. 2007-11-19
    listed $3,900
39. 2007-11-19
    listed $3,900
40. 2007-11-19
    historical
41. 2007-11-19
    historical
42. 2007-10-29
    listed $4,900
43. 2007-10-29
    listed $4,900
44. 2007-10-29
    historical
45. 2007-10-29
    historical
46. 2007-10-10
    listed $6,900
47. 2007-10-10
    listed $6,900
48. 2007-10-10
    historical
49. 2007-10-10
    historical
50. 2007-09-17
    listed $7,900

ⓘ 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: $930 · $77/mo
• Projected year-2 tax: $1,466 · $122/mo
• Expected delta: +$536/yr (+$45/mo · 57.6%)

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,953
• − Mortgage interest: −$7,282
• − Property taxes: −$930
• − Insurance: −$650
• − Repairs & maintenance: −$1,356
• − Management: −$1,356
• − Depreciation: −$3,782
• Taxable income: $1,596
• Est. tax owed @ 24.0%: −$383
• After-tax cash flow: $3,249/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

+1360.7% since first listed

42 events — show timeline

• 2026-04-13 Listed $129,999 REALCOMP
• 2026-04-13 Listed $129,999 MiRealSource-MiMLS
• 2026-04-13 Listed $129,999 SW Michigan MLS
• 2025-07-07 Sold (MLS) $32,500 REALCOMP
• 2025-07-07 Sold (MLS) $32,500 MiRealSource-MiMLS
• 2025-06-16 Pending — REALCOMP
• 2025-06-16 Pending — MiRealSource-MiMLS
• 2025-02-24 Listed $40,000 REALCOMP
• 2025-02-24 Listed $40,000 MiRealSource-MiMLS
• 2025-02-10 Listing Removed — REALCOMP
• 2025-02-10 Listing Removed — MiRealSource-MiMLS
• 2024-08-09 Listed $49,900 MiRealSource-MiMLS
• 2024-08-09 Listed $49,900 REALCOMP
• 2008-05-12 Listing Removed — MiRealSource-MiMLS
• 2008-02-08 Sold (MLS) $1,900 REALCOMP
• 2008-02-08 Sold (MLS) $1,900 MiRealSource-MiMLS
• 2008-01-11 Listing Removed — MiRealSource-MiMLS
• 2008-01-03 Listing Removed — REALCOMP
• 2008-01-03 Listed $1,900 REALCOMP
• 2008-01-03 Listed $1,900 MiRealSource-MiMLS
• 2007-12-12 Listing Removed — REALCOMP
• 2007-12-12 Listing Removed — MiRealSource-MiMLS
• 2007-12-12 Listed $2,900 REALCOMP
• 2007-12-12 Listed $2,900 MiRealSource-MiMLS
• 2007-11-19 Listing Removed — MiRealSource-MiMLS
• 2007-11-19 Listing Removed — REALCOMP
• 2007-11-19 Listed $3,900 REALCOMP
• 2007-11-19 Listed $3,900 MiRealSource-MiMLS
• 2007-10-29 Listing Removed — REALCOMP
• 2007-10-29 Listing Removed — MiRealSource-MiMLS
• 2007-10-29 Listed $4,900 MiRealSource-MiMLS
• 2007-10-29 Listed $4,900 REALCOMP
• 2007-10-10 Listing Removed — MiRealSource-MiMLS
• 2007-10-10 Listing Removed — REALCOMP
• 2007-10-10 Listed $6,900 REALCOMP
• 2007-10-10 Listed $6,900 MiRealSource-MiMLS
• 2007-09-17 Listing Removed — REALCOMP
• 2007-09-17 Listing Removed — MiRealSource-MiMLS
• 2007-09-17 Listed $7,900 MiRealSource-MiMLS
• 2007-09-17 Listed $7,900 REALCOMP
• 2007-08-22 Listed $8,900 REALCOMP
• 2007-08-22 Listed $8,900 MiRealSource-MiMLS

Property tax history

+2.1%/yr

Latest (2025): $930 · -7.9% YoY. Source: county tax records.