19358 Teppert St · Detroit, MI 48234

$57,500

3 bd · 1.0 ba · 1,185 sqft · SingleFamily public records · 87 Days on market

Built 1928 3,920 sqft lot $49/sqft · 8% above area Est $53k · 8% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• ARV discount +3.8/15.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

All brick 3 bedroom colonial is just the property you've been waiting for! Located on a good block the home just needs some clean up and light TLC and you'll have the best property in the neighborhood! Get your offers in quick.

Key facts

• 3,920 sq ft lot
• 2 garage spots
• Built 1928

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $58k.

Deal economics

• At list price, monthly cash flow is $596 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $54k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.7% 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 fast (+6.7%/yr); 226 active listings in the ZIP; 40 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).
• At $1,368/mo this rent would consume 46% 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 $398 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 + 6.7% rent growth), your $16k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($54k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y 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 $50k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $54,050 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 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 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.38% ✓
• Cap rate: 18.74%
• Cash-on-cash: 44.44%
• DSCR: 2.98
• GRM: 3.5

CMA / ARV

• ARV (median comp): $53,168
• List price: $57,500
• Delta: 8.15%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18431 Teppert St	0.54mi	4/1.0 (+1)	1,200 (+1%)	2mo	$67,500	$56	66
8175 House St	0.68mi	3/1.0	1,160 (-2%)	1mo	$100,000	$86	64
18946 Beland St	0.29mi	2/1.0 (-1)	1,306 (+10%)	4mo	$43,000	$33	61
18009 Beland St	0.69mi	3/2.0	1,200 (+1%)	5mo	$102,000	$85	58
18104 Runyon St	0.59mi	3/1.0	1,078 (-9%)	0mo	$58,000	$54	57
19353 Strasburg St	0.45mi	2/1.0 (-1)	1,103 (-7%)	7mo	$68,000	$62	56
18696 Blackmoor St	0.45mi	3/1.0	1,010 (-15%)	0mo	$77,500	$77	54
19591 Strasburg St	0.47mi	3/1.5	1,034 (-13%)	3mo	$89,000	$86	52
11821 Greiner St	0.73mi	4/1.5 (+1)	1,198 (+1%)	7mo	$26,000	$22	51
18515 Gruebner St	0.52mi	3/2.0	1,336 (+13%)	4mo	$142,000	$106	47
19360 Strasburg St	0.48mi	3/1.5	1,340 (+13%)	8mo	$105,000	$78	47
18955 Hamburg St	0.58mi	3/1.0	1,043 (-12%)	8mo	$42,000	$40	47

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: 46.0%
• Equity multiple: 3.11×
• Total profit: $34,046
• Equity at exit: $8,573

10-year hold

• IRR: 53.6%
• Equity multiple: 7.36×
• Total profit: $102,388
• Equity at exit: $4,972

Cash invested: $16,100 (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: 3.5×

Monthly cashflow live

• Estimated rent: $1,368 high
• Mortgage (P&I): −$302
• Tax from tax record: −$159 /mo · $1,911/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $596

Break-even live

Break-even rent $614

Max offer price $57,500

Occupancy floor 51%

Sensitivity live

Price	-10% $629	-5% $613	+0% $596	+5% $580	+10% $564
Rent	-10% $488	-5% $542	+0% $596	+5% $650	+10% $704
Rate	-1.0pp $625	-0.5pp $611	base $596	+0.5pp $581	+1.0pp $566

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: $14,375
• Closing costs: $1,725
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	2d	1	0.52mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	44d	1	0.68mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	25d	1	0.68mi
20290 Annott St Detroit, MI	3.0	1.0	1300	$1,250	$0.96	18d	1	0.73mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	0.73mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	18d	1	0.78mi
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	18d	1	0.78mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	18d	1	0.80mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	18d	1	0.83mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	18d	1	0.85mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	18d	1	0.88mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	4d	1	0.92mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	44d	1	0.93mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	18d	1	0.95mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	25d	1	0.96mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	22d	1	0.96mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	18d	1	0.99mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	44d	1	1.04mi
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	18d	1	1.04mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	13d	1	1.05mi
11377 Sherman Ave Warren, MI	3.0	1.0	1200	$1,400	$1.17	25d	1	1.05mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	25d	1	1.06mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.07mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	18d	1	1.08mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	25d	1	1.08mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	5d	1	1.10mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	44d	1	1.13mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	44d	1	1.17mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	25d	1	1.18mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	18d	1	1.19mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	12d	1	1.22mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	25d	1	1.23mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	18d	1	1.24mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	18d	1	1.25mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	1.29mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	44d	1	1.37mi
11319 Chalmers Ave Warren, MI	3.0	1.0	975	$1,500	$1.54	25d	1	1.39mi
11074 Kennebec St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	44d	1	1.39mi
11785 Nashville St Detroit, MI	3.0	2.0	1360	$1,450	$1.07	4d	1	1.40mi
13693 Edmore Dr Detroit, MI	3.0	1.5	1269	$1,550	$1.22	12d	1	1.42mi

Listing history 33 events

1. 2026-06-18
   days on market $57,500 Active 87 DOM
2. 2026-06-17
   days on market $57,500 Active 86 DOM
3. 2026-06-15
   days on market $57,500 Active 84 DOM
4. 2026-06-13
   days on market $57,500 Active 82 DOM
5. 2026-06-13
   days on market $57,500 Active 81 DOM
6. 2026-06-09
   days on market $57,500 Active 78 DOM
7. 2026-06-08
   days on market $57,500 Active 77 DOM
8. 2026-06-07
   days on market $57,500 Active 76 DOM
9. 2026-06-04
   days on market $57,500 Active 73 DOM
10. 2026-06-03
    days on market $57,500 Active 72 DOM
11. 2026-06-01
    days on market $57,500 Active 70 DOM
12. 2026-05-31
    days on market $57,500 Active 69 DOM
13. 2026-03-23
    listed $57,500 Active 227-char remark

    Show marketing remark (227 chars)

    All brick 3 bedroom colonial is just the property you've been waiting for! Located on a good block the home just needs some clean up and light TLC and you'll have the best property in the neighborhood! Get your offers in quick.

14. 2026-03-23
    listed $57,500 Active 227-char remark

    Show marketing remark (227 chars)

    All brick 3 bedroom colonial is just the property you've been waiting for! Located on a good block the home just needs some clean up and light TLC and you'll have the best property in the neighborhood! Get your offers in quick.

15. 2023-01-04
    soldstatus $50,000
16. 2022-12-30
    soldstatus $50,000 Sold
17. 2022-12-30
    soldstatus $50,000 Closed
18. 2022-11-15
    status Pending
19. 2022-11-15
    status Pending
20. 2022-10-21
    price $50,000
21. 2022-10-20
    price $50,000
22. 2022-10-07
    listed $55,000 Active
23. 2022-10-07
    listed $55,000 Active
24. 2006-08-15
    soldstatus $80,000
25. 2006-06-22
    soldstatus $80,000
26. 2006-03-16
    listed $81,900
27. 2005-12-05
    historical
28. 2005-09-01
    listed $68,900
29. 2002-05-14
    soldstatus $48,000
30. 2002-05-14
    soldstatus $68,250
31. 2002-03-01
    soldstatus $68,250
32. 2001-11-14
    listed $79,900
33. 2000-02-22
    soldstatus $37,949

ⓘ 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: $1,911 · $159/mo
• Projected year-2 tax: $1,911 · $159/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 3/10 Moderate FEMA zone X (unshaded) · 17% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 14 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: $16,420
• − Mortgage interest: −$3,221
• − Property taxes: −$1,911
• − Insurance: −$288
• − Repairs & maintenance: −$1,314
• − Management: −$1,314
• − Depreciation: −$1,673
• Taxable income: $6,701
• Est. tax owed @ 24.0%: −$1,608
• After-tax cash flow: $5,547/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

+51.5% since first listed

21 events — show timeline

• 2026-03-23 Listed $57,500 REALCOMP
• 2026-03-23 Listed $57,500 MiRealSource-MiMLS
• 2023-01-04 Sold (Public Records) $50,000 Public Records
• 2022-12-30 Sold (MLS) $50,000 MiRealSource-MiMLS
• 2022-12-30 Sold (MLS) $50,000 REALCOMP
• 2022-11-15 Pending — MiRealSource-MiMLS
• 2022-11-15 Pending — REALCOMP
• 2022-10-21 Price Changed $50,000 MiRealSource-MiMLS
• 2022-10-20 Price Changed $50,000 REALCOMP
• 2022-10-07 Listed $55,000 MiRealSource-MiMLS
• 2022-10-07 Listed $55,000 REALCOMP
• 2006-08-15 Sold (Public Records) $80,000 Public Records
• 2006-06-22 Sold (MLS) $80,000 REALCOMP
• 2006-03-16 Listed $81,900 REALCOMP
• 2005-12-05 Listing Removed — REALCOMP
• 2005-09-01 Listed $68,900 REALCOMP
• 2002-05-14 Sold (Public Records) $68,250 Public Records
• 2002-05-14 Sold (Public Records) $48,000 Public Records
• 2002-03-01 Sold (MLS) $68,250 REALCOMP
• 2001-11-14 Listed $79,900 REALCOMP
• 2000-02-22 Sold (Public Records) $37,949 Public Records

Property tax history

+2.9%/yr

Latest (2025): $1,911 · -54.3% YoY. Source: county tax records.