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2376 Leslie St
B- Composite 68.99
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
  • ARV discount +7.5/15.0
  • Rent growth +4.0/5.0
  • Livability +3.7/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$84,900

2376 Leslie St · Detroit, MI 48238
3 bd · 1.5 ba · 1,618 sqft · SingleFamily public records · 185 Days on market
Built 1925 4,356 sqft lot $52/sqft · 82% above area ↓ 6% since listing

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

Listing remarks MLS

TENANT OCCUPIED COLONIAL HOME LOCATED SOUTH OF W. DAVISON AND WEST OF THE LODGE FWY. THIS SPRAWLING COLONIAL HOME FEATURES A LARGE LIVING ROOM, FORMAL DINING ROOM, BONUS/DEN, GOOD SIZED KITCHEN, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS AND FULL BATH ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH, AND THE TENANT WISHES TO STAY. INTERIOR PHOTOS ARE FROM 2024, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

  • 4,356 sq ft lot
  • Built 1925
  • Listed 185 days

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/1.5-bath single-family listed at $85k.

Deal economics

  • At list price, monthly cash flow is $504 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $85k).
  • Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
  • Cap rate 13.4% 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 (+6.1%/yr); 346 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • At $1,371/mo this rent would consume 49% of the median local household income ($33k/yr) (locally 2172% 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 $587 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 + 6.1% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 185 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

  1. It's been on market 185 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 1925 — 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
1.62%
Cap rate
13.41%
Cash-on-cash
25.43%
DSCR
2.13
GRM
5.2

CMA / ARV

ARV (median comp)
$46,556
List price
$84,900
Delta
82.36%
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
2405 Sturtevant St 0.15mi 3/1.5 1,636 (+1%) 3mo $45,000 $28 89
1981 Leslie St 0.23mi 3/1.5 1,518 (-6%) 13mo $50,000 $33 68
1671 W Buena Vista St 0.37mi 3/1.0 1,680 (+4%) 8mo $65,000 $39 68
2704 Burlingame St 0.65mi 3/1.5 1,618 (0%) 6mo $119,000 $74 65
1934 Glendale St 0.27mi 3/1.5 1,540 (-5%) 20mo $45,000 $29 63
2467 Highland St 0.21mi 3/1.0 1,421 (-12%) 17mo $34,000 $24 54
3013 Waverly St 0.52mi 4/3.0 (+1) 1,698 (+5%) 6mo $170,000 $100 52
1996 W Grand St 0.45mi 3/1.5 1,400 (-14%) 6mo $40,009 $29 51
2520 Cortland St 0.26mi 3/1.5 1,848 (+14%) 17mo $85,000 $46 50
1935 Kendall St 0.64mi 4/1.5 (+1) 1,695 (+5%) 19mo $4,000 $2 42
1676 Pasadena St 0.57mi 4/2.0 (+1) 1,716 (+6%) 20mo $92,000 $54 39
2220 Webb St 0.53mi 4/2.5 (+1) 1,848 (+14%) 12mo $130,000 $70 33

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 · 6.14% rent growth · sell at horizon

5-year hold
IRR
22.5%
Equity multiple
1.96×
Total profit
$22,808
Equity at exit
$12,659
10-year hold
IRR
32.5%
Equity multiple
4.40×
Total profit
$80,796
Equity at exit
$7,341

Cash invested: $23,772 (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 48238

Home prices YoY
-14.4%
Rents YoY
6.1%
Active inventory
346
Price-to-rent
5.2×

Monthly cashflow live

Estimated rent
$1,371 high interval (Pro) →
Mortgage (P&I)
$445
Tax from tax record
$99 /mo · $1,190/yr
Insurance
$35
HOA
$0
Vacancy / Maint / Mgmt
$288
Net cashflow
$504

Break-even live

Break-even rent $734
Max offer price $84,900
Occupancy floor 58%

Sensitivity live

Price -10% $552 -5% $528 +0% $504 +5% $480 +10% $456
Rent -10% $395 -5% $450 +0% $504 +5% $558 +10% $612
Rate -1.0pp $546 -0.5pp $525 base $504 +0.5pp $482 +1.0pp $459

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
$21,225
Closing costs
$2,547
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 37 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2474 Fullerton St Detroit, MI 3.0 1.0 1400 $1,300 $0.93 15d 1 0.11mi
1926 Clements St Detroit, MI 3.0 1.0 1150 $1,150 $1.00 5d 1 0.42mi
1926 Clements St Unit 1926 Detroit, MI 3.0 1.0 1150 $1,250 $1.09 20d 1 0.42mi
3224 Monterey St Unit 2E Detroit, MI 2.0 1.0 1200 $1,350 $1.12 44d 1 0.64mi
3209 W Grand St Detroit, MI 3.0 1.0 1550 $1,103 $0.71 44d 1 0.65mi
2634 Lawrence St Detroit, MI 3.0 1.5 1388 $1,600 $1.15 2d 1 0.68mi
2655 Collingwood St Detroit, MI 4.0 1.5 1881 $2,700 $1.44 2d 1 0.77mi
3740 Tyler St Unit 1 Detroit, MI 3.0 1.0 1300 $1,300 $1.00 5d 1 0.79mi
2045 Calvert St Detroit, MI 2.0 2.0 1400 $1,600 $1.14 44d 1 0.81mi
3322 Webb St Detroit, MI 3.0 1.0 1600 $1,250 $0.78 17d 1 0.82mi
3322 Webb St Unit 1 Detroit, MI 3.0 1.0 1656 $1,350 $0.82 44d 1 0.82mi
3322 Webb St Unit 2 Detroit, MI 3.0 1.0 1656 $1,350 $0.82 44d 1 0.82mi
3031 Lawrence St Detroit, MI 4.0 1.0 1700 $1,600 $0.94 17d 1 0.83mi
2653 Calvert Ave Unit 1 Detroit, MI 3.0 1.0 1305 $1,200 $0.92 44d 1 0.83mi
1929 Calvert Ave Unit 2 Detroit, MI 3.0 1.0 1414 $1,199 $0.85 15d 1 0.84mi
2727 Calvert Ave Unit 1 Detroit, MI 3.0 1.5 1350 $1,200 $0.89 44d 1 0.86mi
2925 Calvert St Detroit, MI 3.0 1.0 1400 $1,300 $0.93 17d 1 0.88mi
3812 W Grand St Detroit, MI 2.0 1.0 1100 $1,025 $0.93 17d 1 0.92mi
3224 Calvert St Detroit, MI 3.0 1.0 1150 $1,150 $1.00 44d 1 0.94mi
3226 Calvert Ave Detroit, MI 3.0 1.0 1100 $1,200 $1.09 13d 1 0.94mi
3266 Calvert Ave Fl 2 Detroit, MI 3.0 1.0 1279 $1,300 $1.02 24d 1 0.96mi
9844 Woodrow Wilson St Detroit, MI 3.0 1.0 1187 $1,300 $1.10 13d 1 0.99mi
1427 Calvert Ave Detroit, MI 3.0 1.0 1100 $1,850 $1.68 24d 1 1.00mi
1427 Calvert Ave Detroit, MI 3.0 1.0 1100 $1,750 $1.59 44d 1 1.00mi
4341 Glendale St Detroit, MI 4.0 2.5 1832 $1,680 $0.92 5d 1 1.12mi
4336 Buena Vista St Detroit, MI 3.0 1.0 1300 $1,100 $0.85 44d 1 1.12mi
4287 W Grand St Unit 4289 Detroit, MI 3.0 1.0 1250 $1,000 $0.80 44d 1 1.13mi
12546 Broadstreet Ave Detroit, MI 3.0 1.5 1899 $1,250 $0.66 45d 1 1.18mi
15345 Parkside St Detroit, MI 3.0 1.0 1152 $1,300 $1.13 44d 1 1.18mi
64 Glendale St Highland Park, MI 4.0 1.0 1464 $1,500 $1.02 10d 1 1.19mi
3422 Edison St Detroit, MI 3.0 1.0 1300 $1,295 $1.00 17d 1 1.26mi
11704 Broadstreet Ave Detroit, MI 3.0 1.0 1200 $1,050 $0.88 44d 1 1.27mi
2254 Taylor St Unit Taylor St unit Detroit, MI 3.0 1.0 1307 $1,550 $1.19 4d 1 1.33mi
2463 Taylor St Detroit, MI 3.0 1.0 1350 $1,100 $0.81 44d 1 1.36mi
2302 Hazelwood St Unit 1 Detroit, MI 3.0 1.0 1550 $1,273 $0.82 24d 1 1.39mi
12663 Stoepel St Detroit, MI 2.0 1.0 1100 $1,050 $0.95 22d 1 1.40mi
326 Eason St Highland Park, MI 3.0 1.0 1256 $1,300 $1.04 18d 1 1.43mi

Listing history 18 events

  1. 2026-06-18
    days on market $84,900 Active 185 DOM
  2. 2026-06-17
    days on market $84,900 Active 184 DOM
  3. 2026-06-15
    days on market $84,900 Active 182 DOM
  4. 2026-06-13
    days on market $84,900 Active 180 DOM
  5. 2026-06-13
    days on market $84,900 Active 179 DOM
  6. 2026-06-09
    days on market $84,900 Active 176 DOM
  7. 2026-06-08
    days on market $84,900 Active 175 DOM
  8. 2026-06-07
    days on market $84,900 Active 174 DOM
  9. 2026-06-04
    days on market $84,900 Active 171 DOM
  10. 2026-06-03
    days on market $84,900 Active 170 DOM
  11. 2026-06-01
    days on market $84,900 Active 168 DOM
  12. 2026-05-31
    days on market $84,900 Active 167 DOM
  13. 2026-04-02
    price $84,900 631-char remark
    Show marketing remark (631 chars)

    TENANT OCCUPIED COLONIAL HOME LOCATED SOUTH OF W. DAVISON AND WEST OF THE LODGE FWY. THIS SPRAWLING COLONIAL HOME FEATURES A LARGE LIVING ROOM, FORMAL DINING ROOM, BONUS/DEN, GOOD SIZED KITCHEN, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS AND FULL BATH ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH, AND THE TENANT WISHES TO STAY. INTERIOR PHOTOS ARE FROM 2024, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  14. 2026-04-02
    price $84,900 631-char remark
    Show marketing remark (631 chars)

    TENANT OCCUPIED COLONIAL HOME LOCATED SOUTH OF W. DAVISON AND WEST OF THE LODGE FWY. THIS SPRAWLING COLONIAL HOME FEATURES A LARGE LIVING ROOM, FORMAL DINING ROOM, BONUS/DEN, GOOD SIZED KITCHEN, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS AND FULL BATH ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH, AND THE TENANT WISHES TO STAY. INTERIOR PHOTOS ARE FROM 2024, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  15. 2026-01-30
    price $88,900 631-char remark
    Show marketing remark (631 chars)

    TENANT OCCUPIED COLONIAL HOME LOCATED SOUTH OF W. DAVISON AND WEST OF THE LODGE FWY. THIS SPRAWLING COLONIAL HOME FEATURES A LARGE LIVING ROOM, FORMAL DINING ROOM, BONUS/DEN, GOOD SIZED KITCHEN, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS AND FULL BATH ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH, AND THE TENANT WISHES TO STAY. INTERIOR PHOTOS ARE FROM 2024, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  16. 2026-01-29
    price $88,900 631-char remark
    Show marketing remark (631 chars)

    TENANT OCCUPIED COLONIAL HOME LOCATED SOUTH OF W. DAVISON AND WEST OF THE LODGE FWY. THIS SPRAWLING COLONIAL HOME FEATURES A LARGE LIVING ROOM, FORMAL DINING ROOM, BONUS/DEN, GOOD SIZED KITCHEN, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS AND FULL BATH ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH, AND THE TENANT WISHES TO STAY. INTERIOR PHOTOS ARE FROM 2024, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  17. 2025-12-15
    listed $89,900 Active 631-char remark
    Show marketing remark (631 chars)

    TENANT OCCUPIED COLONIAL HOME LOCATED SOUTH OF W. DAVISON AND WEST OF THE LODGE FWY. THIS SPRAWLING COLONIAL HOME FEATURES A LARGE LIVING ROOM, FORMAL DINING ROOM, BONUS/DEN, GOOD SIZED KITCHEN, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS AND FULL BATH ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH, AND THE TENANT WISHES TO STAY. INTERIOR PHOTOS ARE FROM 2024, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  18. 2025-12-15
    listed $89,900 Active 631-char remark
    Show marketing remark (631 chars)

    TENANT OCCUPIED COLONIAL HOME LOCATED SOUTH OF W. DAVISON AND WEST OF THE LODGE FWY. THIS SPRAWLING COLONIAL HOME FEATURES A LARGE LIVING ROOM, FORMAL DINING ROOM, BONUS/DEN, GOOD SIZED KITCHEN, HARDWOOD FLOORS THROUGH OUT, THREE GOOD SIZED BEDROOMS AND FULL BATH ON THE SECOND FLOOR, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1100 PER MONTH, AND THE TENANT WISHES TO STAY. INTERIOR PHOTOS ARE FROM 2024, BEFORE THE TENANT MOVED IN. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

ⓘ 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
$1,190 · $99/mo
Projected year-2 tax
$1,249 · $104/mo
Expected delta
+$59/yr (+$5/mo · 5.0%)

ⓘ 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 2/10 Low 6 d/yr ≥97°F today · 13 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$16,457
− Mortgage interest
−$4,756
− Property taxes
−$1,190
− Insurance
−$424
− Repairs & maintenance
−$1,317
− Management
−$1,317
− Depreciation
−$2,470
Taxable income
$4,984
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,196
After-tax cash flow
$4,848/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)
24,731
Household income
$33,315
Rent vs Own
53.0% rent · 47.0% own
Severe rent burden
2172.0

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% Two or more races 3% White 1%
Foreign-born
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
▼ -31.96%
Current HPI
189.6227
Rent YoY
▲ 6.14%
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

Price history

-5.6% since first listed
6 events — show timeline
  • 2026-04-02 Price Changed $84,900 MiRealSource-MiMLS
  • 2026-04-02 Price Changed $84,900 REALCOMP
  • 2026-01-30 Price Changed $88,900 MiRealSource-MiMLS
  • 2026-01-29 Price Changed $88,900 REALCOMP
  • 2025-12-15 Listed $89,900 REALCOMP
  • 2025-12-15 Listed $89,900 MiRealSource-MiMLS

Property tax history

+1.6%/yr

Latest (2025): $1,190 · -53.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…