19345 Keystone St · Detroit, MI 48234

$74,900

2 bd · 1.0 ba · 989 sqft · SingleFamily public records · 51 Days on market

Built 1930 4,356 sqft lot $76/sqft · 25% above area Est $60k · 25% over ↓ 14% since listing

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

Listing remarks MLS

Newly renovated move-in ready home! This charming single-family home features 2 bedrooms and 1 full bathroom. 2nd bedroom can be used as a den, office, or sitting area. It has been thoughtfully updated with modern touches to the kitchen, dining room, bedrooms, and bathroom. All have been beautifully renovated with fresh finishes and neutral paint, making this home truly move-in ready. It has a full basement with washer/dryer hookups and an open area for your personal touch. Appliances stay with a full price offer; otherwise, they are negotiable. Perfect for first-time buyers or anyone seeking a property that combines comfort with convenience. Don't miss out on this great opportunity to own this home! The accuracy of all information, regardless of the source, is not guaranteed or warranted. All information should be independetly verified.

Key facts

• Move-in ready
• Thoughtfully updated
• Full basement

Tags

• NEWLY RENOVATED
• MOVE-IN READY
• THOUGHTFULLY UPDATED
• FULL BASEMENT
• WASHER DRYER HOOKUPS
• OPEN AREA

Property features AI

Finance

• Other: Lot approximately 0.1 acre (35 x 129)

Exterior

• Parking: Driveway only (no garage)
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family residence; One and one-half stories; Ground-level entry with steps; Brick and vinyl siding construction
• Construction: Asphalt roof; Block foundation; Built with brick and vinyl siding
• Exterior features: Covered porch; Paved road

Interior

• Bedrooms: 5 total rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: High speed internet; Unfinished basement
• Laundry & utility: Washer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $425 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 10.2% 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: 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; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 42% of the median local income ($35k/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 $518 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 $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,653 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.65% ✓
• Cap rate: 13.10%
• Cash-on-cash: 24.32%
• DSCR: 2.08
• GRM: 5.1

CMA / ARV

• ARV (median comp): $59,804
• List price: $74,900
• Delta: 25.24%
• 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
19235 Lamont St	0.19mi	2/1.0	960 (-3%)	1mo	$40,000	$42	86
19608 Buffalo St	0.24mi	3/1.0 (+1)	1,014 (+2%)	1mo	$68,000	$67	79
19392 Justine St	0.36mi	3/1.0 (+1)	1,000 (+1%)	3mo	$45,000	$45	74
19437 Conley St	0.11mi	3/1.0 (+1)	912 (-8%)	4mo	$28,500	$31	74
19451 Conley St	0.12mi	3/1.0 (+1)	900 (-9%)	3mo	$54,000	$60	72
19416 Lamont St	0.16mi	3/1.5 (+1)	1,065 (+8%)	1mo	$9,000	$8	72
19610 Conley St	0.13mi	3/1.0 (+1)	1,120 (+13%)	0mo	$80,000	$71	66
19366 Fenelon St	0.10mi	3/1.5 (+1)	1,108 (+12%)	4mo	$70,000	$63	65
19672 Justine St	0.40mi	3/1.0 (+1)	1,050 (+6%)	2mo	$47,500	$45	64
19227 Ryan Rd	0.61mi	3/1.0 (+1)	919 (-7%)	1mo	$38,000	$41	54
19155 Ryan Rd	0.62mi	3/1.0 (+1)	1,068 (+8%)	2mo	$45,000	$42	51
20012 Binder St	0.75mi	3/1.0 (+1)	871 (-12%)	3mo	$50,500	$58	37

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: 21.9%
• Equity multiple: 1.94×
• Total profit: $19,762
• Equity at exit: $11,168

10-year hold

• IRR: 32.4%
• Equity multiple: 4.50×
• Total profit: $73,427
• Equity at exit: $6,476

Cash invested: $20,972 (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: 226
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,233 high
• Mortgage (P&I): −$393
• Tax from tax record: −$125 /mo · $1,495/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $425

Break-even live

Break-even rent $694

Max offer price $74,900

Occupancy floor 61%

Sensitivity live

Price	-10% $468	-5% $446	+0% $425	+5% $404	+10% $383
Rent	-10% $328	-5% $376	+0% $425	+5% $474	+10% $522
Rate	-1.0pp $463	-0.5pp $444	base $425	+0.5pp $406	+1.0pp $386

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	24d	1	0.07mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	5d	1	0.12mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	5d	1	0.18mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	44d	1	0.18mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	17d	1	0.30mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	44d	1	0.33mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	22d	1	0.33mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	0.46mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	17d	1	0.62mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	18d	1	0.62mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	17d	1	0.69mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.78mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	24d	1	0.83mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	44d	1	0.85mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	15d	1	0.95mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	24d	1	1.11mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	17d	1	1.15mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	44d	1	1.17mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	5d	1	1.19mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.19mi
3974 Berkshire Ave Warren, MI	1.0	1.0	900	$1,500	$1.67	3d	1	1.24mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	17d	1	1.26mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	44d	1	1.35mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	24d	1	1.48mi
18084 Goddard St Detroit, MI	2.0	1.5	790	$1,050	$1.33	17d	1	1.49mi
7033 Westminster Ave Warren, MI	2.0	1.0	561	$1,050	$1.87	44d	1	1.50mi

Listing history 19 events

1. 2026-06-18
   days on market $74,900 Active 51 DOM
2. 2026-06-17
   days on market $74,900 Active 50 DOM
3. 2026-06-15
   days on market $74,900 Active 48 DOM
4. 2026-06-13
   days on market $74,900 Active 46 DOM
5. 2026-06-13
   days on market $74,900 Active 45 DOM
6. 2026-06-09
   days on market $74,900 Active 42 DOM
7. 2026-06-08
   days on market $74,900 Active 41 DOM
8. 2026-06-07
   days on market $74,900 Active 40 DOM
9. 2026-06-04
   days on market $74,900 Active 37 DOM
10. 2026-06-03
    days on market $74,900 Active 36 DOM
11. 2026-06-02
    days on market $74,900 Active 35 DOM
12. 2026-06-01
    days on market $74,900 Active 34 DOM
13. 2026-05-31
    days on market $74,900 Active 33 DOM
14. 2026-04-27
    listed $74,900 Active 849-char remark

    Show marketing remark (849 chars)

    Newly renovated move-in ready home! This charming single-family home features 2 bedrooms and 1 full bathroom. 2nd bedroom can be used as a den, office, or sitting area. It has been thoughtfully updated with modern touches to the kitchen, dining room, bedrooms, and bathroom. All have been beautifully renovated with fresh finishes and neutral paint, making this home truly move-in ready. It has a full basement with washer/dryer hookups and an open area for your personal touch. Appliances stay with a full price offer; otherwise, they are negotiable. Perfect for first-time buyers or anyone seeking a property that combines comfort with convenience. Don't miss out on this great opportunity to own this home! The accuracy of all information, regardless of the source, is not guaranteed or warranted. All information should be independetly verified.

15. 2026-04-27
    listed $74,900 Active 849-char remark

    Show marketing remark (849 chars)

    Newly renovated move-in ready home! This charming single-family home features 2 bedrooms and 1 full bathroom. 2nd bedroom can be used as a den, office, or sitting area. It has been thoughtfully updated with modern touches to the kitchen, dining room, bedrooms, and bathroom. All have been beautifully renovated with fresh finishes and neutral paint, making this home truly move-in ready. It has a full basement with washer/dryer hookups and an open area for your personal touch. Appliances stay with a full price offer; otherwise, they are negotiable. Perfect for first-time buyers or anyone seeking a property that combines comfort with convenience. Don't miss out on this great opportunity to own this home! The accuracy of all information, regardless of the source, is not guaranteed or warranted. All information should be independetly verified.

16. 2026-01-28
    historical
17. 2026-01-28
    historical
18. 2025-08-28
    listed $87,500 Active
19. 2025-08-28
    listed $87,500 Active

ⓘ 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: $1,495 · $125/mo
• Projected year-2 tax: $1,495 · $125/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 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: $14,790
• − Mortgage interest: −$4,196
• − Property taxes: −$1,495
• − Insurance: −$374
• − Repairs & maintenance: −$1,183
• − Management: −$1,183
• − Depreciation: −$2,179
• Taxable income: $4,180
• Est. tax owed @ 24.0%: −$1,003
• After-tax cash flow: $4,098/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

-14.4% since first listed

6 events — show timeline

• 2026-04-27 Listed $74,900 MiRealSource-MiMLS
• 2026-04-27 Listed $74,900 REALCOMP
• 2026-01-28 Listing Removed — MiRealSource-MiMLS
• 2026-01-28 Listing Removed — REALCOMP
• 2025-08-28 Listed $87,500 MiRealSource-MiMLS
• 2025-08-28 Listed $87,500 REALCOMP

Property tax history

+4.7%/yr

Latest (2025): $1,495 · +1.5% YoY. Source: county tax records.