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20228 Washtenaw St
C Composite 56.54
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 +24.0/30.0
  • DSCR +7.7/10.0
  • ARV discount +7.5/15.0
  • 1% rule +6.5/10.0
  • Rent growth +3.8/5.0
  • Livability +3.7/5.0
  • Condition / age +2.5/5.0
  • Schools +0.9/10.0
  • Appreciation +0.0/10.0

$119,900

20228 Washtenaw St · Harper Woods, MI 48225
3 bd · 1.0 ba · 870 sqft · SingleFamily public records · 106 Days on market
Built 1941 4,792 sqft lot

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

Listing remarks MLS

Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

Key facts

  • Lovely deck
  • Newer windows
  • Hardwood floors

Tags

HARDWOOD FLOORSNEWER WINDOWSPARTIALLY FINISHED BASEMENTLOVELY DECKSOUGHT-AFTER NEIGHBORHOOD

Property features AI

Finance

  • Other: Listed by REMAX City Centre

Exterior

  • Parking: Detached 1-car garage
  • Utilities: Public water; Public sewer
  • Home design: Single-family residence; One and one-half stories; Ground-level entry; Aluminum siding
  • Construction: Brick/mortar foundation
  • Exterior features: Paved road access; Lot dimensions approximately 40 x 114 (0.11 acre)

Interior

  • Bedrooms: Total of 6 rooms (bedrooms included)
  • Bathrooms: 1 full bathroom
  • Heating & cooling: Forced air heating (natural gas); No central cooling
  • Interior features: Partially finished basement; Basement present

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/1.0-bath single-family listed at $120k.

Deal economics

  • At list price, monthly cash flow is $235 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $120k).
  • Recommended offer: $109k (9.0% below list) — sets the bar for market timing.

Location & tenants

  • Location reads 73/100 on livability (#199 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, health & safety D+, schools D-.
  • Harper Woods School District (suburban): math 4% / reading 15% proficiency, ranked #524 of 540 in MI (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising fast (+5.1%/yr); 134 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); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $829 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 + 5.1% rent growth), your $34k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 106 days — a 9% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
  • 13 sale attempts since 30y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $109,109 (9.0% below list)

Questions for the listing agent

  1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1941 — 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 D-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
1.15%
Cap rate
8.64%
Cash-on-cash
8.40%
DSCR
1.37
GRM
7.3

CMA / ARV

ARV (on-the-fly)
$65,250
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
20300 Mccormick St 0.13mi 3/1.0 940 (+8%) 1mo $60,000 $64 80
11035 Worden St 0.34mi 3/1.0 834 (-4%) 3mo $55,000 $66 75
19239 Beaconsfield St 0.40mi 3/1.0 900 (+3%) 5mo $100,000 $111 72
20244 Mccormick St 0.11mi 3/1.0 1,000 (+15%) 1mo $75,000 $75 69
11490 Somerset Ave 0.44mi 3/1.0 915 (+5%) 4mo $70,000 $77 67
10945 Peerless St 0.32mi 3/1.0 964 (+11%) 2mo $54,000 $56 66
19381 Kenosha St 0.50mi 2/1.0 (-1) 892 (+2%) 2mo $104,000 $117 66
11017 Worden St 0.35mi 3/1.0 961 (+10%) 0mo $47,500 $49 66
19974 Mccormick St 0.17mi 3/1.0 1,000 (+15%) 4mo $74,000 $74 63
12075 Rossiter St 0.65mi 3/1.0 851 (-2%) 4mo $45,000 $53 63
19341 Woodside St 0.59mi 3/1.0 935 (+8%) 4mo $90,000 $96 56
19100 Kingsville St 0.68mi 3/1.0 972 (+12%) 2mo $110,000 $113 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 · 5.1% rent growth · sell at horizon

5-year hold
IRR
-1.1%
Equity multiple
0.96×
Total profit
$-1,454
Equity at exit
$17,877
10-year hold
IRR
10.7%
Equity multiple
1.92×
Total profit
$30,883
Equity at exit
$10,367

Cash invested: $33,572 (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 48225

Rents YoY
5.1%
Active inventory
134
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$1,378 high interval (Pro) →
Mortgage (P&I)
$629
Tax from tax record
$175 /mo · $2,095/yr
Insurance
$50
HOA
$0
Vacancy / Maint / Mgmt
$289
Net cashflow
$235

Break-even live

Break-even rent $1,080
Max offer price $119,900
Occupancy floor 78%

Sensitivity live

Price -10% $303 -5% $269 +0% $235 +5% $201 +10% $167
Rent -10% $126 -5% $181 +0% $235 +5% $289 +10% $344
Rate -1.0pp $295 -0.5pp $265 base $235 +0.5pp $204 +1.0pp $172

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
$29,975
Closing costs
$3,597
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 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
20461 Kingsville St Harper Woods, MI 4.0 1.0 1100 $1,399 $1.27 16d 1 0.14mi
19982 McCormick St Detroit, MI 3.0 1.0 866 $1,200 $1.39 5d 1 0.18mi
10985 Peerless St Detroit, MI 3.0 1.0 1000 $1,364 $1.36 6d 1 0.28mi
19661 Kenosha St Harper Woods, MI 3.0 2.0 1000 $1,400 $1.40 25d 1 0.35mi
19639 Moross Rd Unit 1 Detroit, MI 2.0 1.0 900 $1,100 $1.22 45d 1 0.39mi
10542 Lanark St Detroit, MI 3.0 1.0 1023 $1,250 $1.22 45d 1 0.44mi
19442 Kingsville St Harper Woods, MI 3.0 1.0 1000 $1,500 $1.50 18d 1 0.46mi
19203 Edgefield St Harper Woods, MI 2.0 1.0 1100 $1,100 $1.00 25d 1 0.49mi
19365 Kingsville St Harper Woods, MI 4.0 1.5 996 $1,650 $1.66 16d 1 0.53mi
10692 Meuse St Detroit, MI 3.0 1.0 955 $1,250 $1.31 14d 1 0.65mi
17720 Chester St Detroit, MI 2.0 1.0 986 $1,250 $1.27 45d 1 0.65mi
17710 Chester St Detroit, MI 2.0 1.0 984 $1,250 $1.27 45d 1 0.65mi
12075 Rossiter St Detroit, MI 3.0 1.0 1100 $1,245 $1.13 45d 1 0.67mi
12075 Rossiter St Detroit, MI 3.0 1.0 1100 $1,245 $1.13 16d 1 0.67mi
19144 Moross Rd Detroit, MI 2.0 1.0 900 $1,050 $1.17 45d 1 0.70mi
19152 Woodside St Harper Woods, MI 3.0 1.0 916 $1,500 $1.64 18d 1 0.70mi
21401 Kingsville St Harper Woods, MI 2.0 1.0 944 $1,200 $1.27 25d 1 0.70mi
6301 Lodewyck St Detroit, MI 3.0 1.0 1084 $1,300 $1.20 14d 1 0.73mi
6301 Lodewyck St Detroit, MI 3.0 1.0 1084 $1,300 $1.20 0d 1 0.73mi
11529 Roxbury St Detroit, MI 2.0 1.0 720 $1,200 $1.67 14d 1 0.74mi
10370 Britain St Detroit, MI 3.0 1.0 1100 $1,100 $1.00 45d 1 0.76mi
10400 Britain St Detroit, MI 3.0 1.0 890 $1,100 $1.24 45d 1 0.76mi
6325 Neff Ave Detroit, MI 3.0 1.0 1000 $1,500 $1.50 4d 1 0.77mi
11776 Rossiter St Detroit, MI 3.0 1.0 964 $1,150 $1.19 12d 1 0.78mi
6175 Marseilles St Detroit, MI 3.0 1.0 1100 $1,100 $1.00 45d 1 0.79mi
6181 Neff Ave Detroit, MI 3.0 1.0 1102 $1,299 $1.18 19d 1 0.83mi
11611 Morang Ave Detroit, MI 1.0–2.0 1.0 709 $1,040 $1.47 45d 1 0.84mi
6304 Bluehill St Detroit, MI 3.0 1.0 1088 $1,500 $1.38 45d 1 0.85mi
10177 Boleyn St Detroit, MI 3.0 1.0 767 $1,250 $1.63 45d 1 0.90mi
11235 Roxbury St Detroit, MI 3.0 1.0 1062 $1,325 $1.25 18d 1 0.94mi
20015 Lochmoor St Harper Woods, MI 3.0 1.0 1006 $1,500 $1.49 18d 1 0.95mi
10037 Grayton St Detroit, MI 3.0 1.0 1000 $1,400 $1.40 5d 1 0.95mi
5915 Farmbrook St Detroit, MI 3.0 1.5 1000 $1,250 $1.25 25d 1 0.97mi
12716 Riad St Detroit, MI 3.0 1.0 974 $1,275 $1.31 18d 1 1.01mi
5955 Guilford St Detroit, MI 3.0 1.0 802 $1,400 $1.75 18d 1 1.01mi
5786 Neff Ave Detroit, MI 3.0 1.5 1100 $1,225 $1.11 18d 1 1.05mi
12201 Morang Ave Unit 8 Detroit, MI 2.0 1.0 610 $875 $1.43 45d 1 1.06mi
16212 Maddelein St Detroit, MI 2.0 1.0 800 $1,200 $1.50 14d 1 1.14mi
10404 Somerset Ave Detroit, MI 3.0 1.0 1108 $1,475 $1.33 5d 1 1.15mi
22144 Moross Rd Grosse Pointe, MI 2.0 1.0 819 $1,350 $1.65 19d 1 1.21mi

Listing history 48 events

  1. 2026-06-09
    status $119,900 Pending 106 DOM
  2. 2026-06-08
    days on market $119,900 Active 106 DOM
  3. 2026-06-07
    days on market $119,900 Active 105 DOM
  4. 2026-06-04
    days on market $119,900 Active 102 DOM
  5. 2026-06-03
    days on market $119,900 Active 101 DOM
  6. 2026-06-02
    days on market $119,900 Active 100 DOM
  7. 2026-06-01
    days on market $119,900 Active 99 DOM
  8. 2026-05-31
    days on market $119,900 Active 98 DOM
  9. 2026-05-23
    price $119,900 597-char remark
    Show marketing remark (597 chars)

    Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

  10. 2026-05-22
    price $119,900
  11. 2026-05-18
    status Active 597-char remark
    Show marketing remark (597 chars)

    Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

  12. 2026-05-18
    status Active
    Show marketing remark (597 chars)

    Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

  13. 2026-05-07
    historical Accepting Backup Offers 597-char remark
    Show marketing remark (597 chars)

    Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

  14. 2026-05-07
    historical Active Under Contract
    Show marketing remark (597 chars)

    Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

  15. 2026-03-13
    price $129,900 597-char remark
    Show marketing remark (597 chars)

    Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

  16. 2026-03-12
    price $129,900
  17. 2026-02-23
    listed $139,900 Active
  18. 2026-02-22
    listed $139,900 Active 597-char remark
    Show marketing remark (597 chars)

    Discover this charming home in the sought-after neighborhood of Harper Woods. Boasting newly installed hardwood floors and newer windows, this residence features a partially finished basement and a lovely deck in the backyard, perfect for summertime gatherings. It's an ideal starter home for families and is move-in ready, awaiting its next owner. Don't miss the opportunity to explore this gem and present an offer we can't refuse. Please note that the home is currently occupied, so a minimum of 12 hours notice is required for showings. For further details, feel free to reach out to Jermaine.

  19. 2024-02-19
    soldstatus $145,000
  20. 2024-02-02
    soldstatus $145,000 Sold 509-char remark
    Show marketing remark (509 chars)

    The cutest house in Harper Woods is for sale! This bungalow features 3 bedrooms, 1 bath, a partially finished basement, a 1 car garage with elect door opener and a fantastic deck off the back of the house. Freshly painted. Window are brand new. Entry level features newly refinished hardwood. Kitchen features new countertops and comes complete with new dishwasher and new microwave . 2nd floor features 2 bedrooms and is newly carpeted. BATVAD. See every other house first. nice house!! alarmed. occupied.

  21. 2024-02-02
    soldstatus $145,000 Closed
    Show marketing remark (509 chars)

    The cutest house in Harper Woods is for sale! This bungalow features 3 bedrooms, 1 bath, a partially finished basement, a 1 car garage with elect door opener and a fantastic deck off the back of the house. Freshly painted. Window are brand new. Entry level features newly refinished hardwood. Kitchen features new countertops and comes complete with new dishwasher and new microwave . 2nd floor features 2 bedrooms and is newly carpeted. BATVAD. See every other house first. nice house!! alarmed. occupied.

  22. 2023-11-14
    status Pending
    Show marketing remark (509 chars)

    The cutest house in Harper Woods is for sale! This bungalow features 3 bedrooms, 1 bath, a partially finished basement, a 1 car garage with elect door opener and a fantastic deck off the back of the house. Freshly painted. Window are brand new. Entry level features newly refinished hardwood. Kitchen features new countertops and comes complete with new dishwasher and new microwave . 2nd floor features 2 bedrooms and is newly carpeted. BATVAD. See every other house first. nice house!! alarmed. occupied.

  23. 2023-11-14
    status Pending 509-char remark
    Show marketing remark (509 chars)

    The cutest house in Harper Woods is for sale! This bungalow features 3 bedrooms, 1 bath, a partially finished basement, a 1 car garage with elect door opener and a fantastic deck off the back of the house. Freshly painted. Window are brand new. Entry level features newly refinished hardwood. Kitchen features new countertops and comes complete with new dishwasher and new microwave . 2nd floor features 2 bedrooms and is newly carpeted. BATVAD. See every other house first. nice house!! alarmed. occupied.

  24. 2023-11-10
    listed $138,500 Active 509-char remark
    Show marketing remark (509 chars)

    The cutest house in Harper Woods is for sale! This bungalow features 3 bedrooms, 1 bath, a partially finished basement, a 1 car garage with elect door opener and a fantastic deck off the back of the house. Freshly painted. Window are brand new. Entry level features newly refinished hardwood. Kitchen features new countertops and comes complete with new dishwasher and new microwave . 2nd floor features 2 bedrooms and is newly carpeted. BATVAD. See every other house first. nice house!! alarmed. occupied.

  25. 2023-11-10
    listed $138,500 Active
    Show marketing remark (509 chars)

    The cutest house in Harper Woods is for sale! This bungalow features 3 bedrooms, 1 bath, a partially finished basement, a 1 car garage with elect door opener and a fantastic deck off the back of the house. Freshly painted. Window are brand new. Entry level features newly refinished hardwood. Kitchen features new countertops and comes complete with new dishwasher and new microwave . 2nd floor features 2 bedrooms and is newly carpeted. BATVAD. See every other house first. nice house!! alarmed. occupied.

  26. 2023-02-09
    status Pending
  27. 2023-02-09
    status Pending
  28. 2023-02-09
    historical
  29. 2023-02-09
    historical
  30. 2022-09-28
    price $109,500
  31. 2022-09-28
    price $109,500
  32. 2022-09-20
    listed $120,000 Active
  33. 2022-09-20
    listed $120,000 Active
  34. 2018-06-06
    soldstatus $67,000
  35. 2018-03-30
    soldstatus $38,700 Sold
  36. 2018-03-30
    soldstatus $38,700 Closed
  37. 2018-03-23
    status Pending
  38. 2018-03-23
    status Pending
  39. 2018-03-19
    listed $39,900 Active
  40. 2018-03-19
    listed $39,900 Active
  41. 2005-11-27
    historical
  42. 2005-09-08
    listed $109,900
  43. 2005-05-31
    soldstatus $71,119
  44. 2005-01-07
    listed $76,000
  45. 1996-05-16
    soldstatus $71,500
  46. 1996-04-18
    historical
  47. 1996-04-11
    listed $72,900
  48. 1992-05-14
    soldstatus $58,000

ⓘ 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
$2,095 · $175/mo
Projected year-2 tax
$2,095 · $175/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 ≥95°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
$16,531
− Mortgage interest
−$6,716
− Property taxes
−$2,095
− Insurance
−$600
− Repairs & maintenance
−$1,323
− Management
−$1,323
− Depreciation
−$3,488
Taxable income
$988
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$237
After-tax cash flow
$2,583/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
Harper Woods School District
NCES district ID
2617760
Math proficiency
4% ▼ -7.00%
Reading proficiency
15% ▼ -9.00%
Median HH income
$46,155
Composite
8.8/100
National rank
#9892
State rank
#524 of 540 in MI

Livability — Harper Woods

Score
73/100
State rank
#199
US rank
#5054

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Harper Woods, MI
County
Wayne County · 1,562,939 people
City population
16,098
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
16,098
Household income
$61,750
Rent vs Own
33.8% rent · 66.2% own
Severe rent burden
410.0

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 (65%)
Race & ethnicity
Black 65% White 28% Two or more races 4% Hispanic / Latino 1%
Common ancestry
Romanian 4% Lithuanian 1% German 1%
Foreign-born
2% · Canada
Languages at home
95% English-only · Arabic 2% 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
▼ -150.40%
Current HPI
181.4961
Rent YoY
▲ 5.10%
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

+106.7% since first listed
40 events — show timeline
  • 2026-05-23 Price Changed $119,900 MiRealSource-MiMLS
  • 2026-05-22 Price Changed $119,900 REALCOMP
  • 2026-05-18 Relisted MiRealSource-MiMLS
  • 2026-05-18 Relisted REALCOMP
  • 2026-05-07 Contingent MiRealSource-MiMLS
  • 2026-05-07 Contingent REALCOMP
  • 2026-03-13 Price Changed $129,900 MiRealSource-MiMLS
  • 2026-03-12 Price Changed $129,900 REALCOMP
  • 2026-02-23 Listed $139,900 REALCOMP
  • 2026-02-22 Listed $139,900 MiRealSource-MiMLS
  • 2024-02-19 Sold (Public Records) $145,000 Public Records
  • 2024-02-02 Sold (MLS) $145,000 MiRealSource-MiMLS
  • 2024-02-02 Sold (MLS) $145,000 REALCOMP
  • 2023-11-14 Pending MiRealSource-MiMLS
  • 2023-11-14 Pending REALCOMP
  • 2023-11-10 Listed $138,500 MiRealSource-MiMLS
  • 2023-11-10 Listed $138,500 REALCOMP
  • 2023-02-09 Pending MiRealSource-MiMLS
  • 2023-02-09 Pending REALCOMP
  • 2023-02-09 Listing Removed MiRealSource-MiMLS
  • 2023-02-09 Listing Removed REALCOMP
  • 2022-09-28 Price Changed $109,500 MiRealSource-MiMLS
  • 2022-09-28 Price Changed $109,500 REALCOMP
  • 2022-09-20 Listed $120,000 MiRealSource-MiMLS
  • 2022-09-20 Listed $120,000 REALCOMP
  • 2018-06-06 Sold (Public Records) $67,000 Public Records
  • 2018-03-30 Sold (MLS) $38,700 MiRealSource-MiMLS
  • 2018-03-30 Sold (MLS) $38,700 REALCOMP
  • 2018-03-23 Pending MiRealSource-MiMLS
  • 2018-03-23 Pending REALCOMP
  • 2018-03-19 Listed $39,900 MiRealSource-MiMLS
  • 2018-03-19 Listed $39,900 REALCOMP
  • 2005-11-27 Listing Removed MiRealSource-MiMLS
  • 2005-09-08 Listed $109,900 MiRealSource-MiMLS
  • 2005-05-31 Sold (MLS) $71,119 REALCOMP
  • 2005-01-07 Listed $76,000 REALCOMP
  • 1996-05-16 Sold (MLS) $71,500 MiRealSource-MiMLS
  • 1996-04-18 Listing Removed MiRealSource-MiMLS
  • 1996-04-11 Listed $72,900 MiRealSource-MiMLS
  • 1992-05-14 Sold (Public Records) $58,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $2,095 · -37.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…