4013 Baldwin St · Detroit, MI 48214

$85,900

4 bd · 2.0 ba · 2,308 sqft · Townhouse public records · 29 Days on market

Built 1905 3,485 sqft lot $37/sqft · 6% above area Est $81k · 6% over ↓ 5% 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
• ARV discount +5.0/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This duplex-style multi-family property offers a fantastic investment opportunity with two spacious units, each featuring two bedrooms and two bathrooms. With a total living area of 2,308 square feet, this two-story home provides ample space for tenants while generating strong rental income potential. Built in 1905, the property retains its classic charm while offering modern conveniences such as forced air heating with natural gas. The home includes a full basement with 622 square feet of additional space, ideal for storage or potential customization. Situated in the E C Van Husans subdivision of Detroit, this duplex is located on a 30 x 118 lot (0.08 acres) within the Detroit School District. Its prime location ensures easy access to major highways, public transportation, and local amenities, making it a desirable option for long-term rental success. Whether you're an investor looking to expand your portfolio or a buyer seeking an income-generating property, this duplex presents an excellent opportunity.

Key facts

• 3,485 sq ft lot
• Built 1905
• Listed 29 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $86k.

Deal economics

• At list price, monthly cash flow is $771 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $86k).
• Recommended offer: $85k (1.5% below list) — sets the bar for market timing.
• Cap rate 17.1% 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: 298 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $1,684/mo this rent would consume 60% of the median local household income ($34k/yr) (locally 1364% 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 $594 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 + 3.0% rent growth), your $24k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• 7 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 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $84,611 (1.5% below list)

Questions for the listing agent

1. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.96% ✓
• Cap rate: 17.06%
• Cash-on-cash: 38.46%
• DSCR: 2.71
• GRM: 4.3

CMA / ARV

• ARV (median comp): $81,392
• List price: $85,900
• Delta: 5.54%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.6%
• Equity multiple: 2.46×
• Total profit: $35,180
• Equity at exit: $12,808

10-year hold

• IRR: 41.4%
• Equity multiple: 4.90×
• Total profit: $93,871
• Equity at exit: $7,427

Cash invested: $24,052 (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 48214

• Active inventory: 298
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,684 medium
• Mortgage (P&I): −$450
• Tax from tax record: −$73 /mo · $881/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $771

Break-even live

Break-even rent $708

Max offer price $85,900

Occupancy floor 49%

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: $21,475
• Closing costs: $2,577
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3631 Helen St Unit 3635 Detroit, MI	4.0	2.0	2157	$1,650	$0.76	44d	1	0.44mi
1738 Canton St Unit 1 Detroit, MI	4.0	1.0	2244	$1,650	$0.74	44d	1	1.15mi
4510 Harding St Detroit, MI	3.0	1.0	2394	$1,500	$0.63	17d	1	1.37mi

Listing history 17 events

1. 2026-05-06
   status Pending 1021-char remark

   Show marketing remark (1021 chars)

   This duplex-style multi-family property offers a fantastic investment opportunity with two spacious units, each featuring two bedrooms and two bathrooms. With a total living area of 2,308 square feet, this two-story home provides ample space for tenants while generating strong rental income potential. Built in 1905, the property retains its classic charm while offering modern conveniences such as forced air heating with natural gas. The home includes a full basement with 622 square feet of additional space, ideal for storage or potential customization. Situated in the E C Van Husans subdivision of Detroit, this duplex is located on a 30 x 118 lot (0.08 acres) within the Detroit School District. Its prime location ensures easy access to major highways, public transportation, and local amenities, making it a desirable option for long-term rental success. Whether you're an investor looking to expand your portfolio or a buyer seeking an income-generating property, this duplex presents an excellent opportunity.

2. 2026-05-06
   status Pending 1021-char remark

   Show marketing remark (1021 chars)

   This duplex-style multi-family property offers a fantastic investment opportunity with two spacious units, each featuring two bedrooms and two bathrooms. With a total living area of 2,308 square feet, this two-story home provides ample space for tenants while generating strong rental income potential. Built in 1905, the property retains its classic charm while offering modern conveniences such as forced air heating with natural gas. The home includes a full basement with 622 square feet of additional space, ideal for storage or potential customization. Situated in the E C Van Husans subdivision of Detroit, this duplex is located on a 30 x 118 lot (0.08 acres) within the Detroit School District. Its prime location ensures easy access to major highways, public transportation, and local amenities, making it a desirable option for long-term rental success. Whether you're an investor looking to expand your portfolio or a buyer seeking an income-generating property, this duplex presents an excellent opportunity.

3. 2026-04-07
   listed $85,900 Active 1021-char remark

   Show marketing remark (1021 chars)

   This duplex-style multi-family property offers a fantastic investment opportunity with two spacious units, each featuring two bedrooms and two bathrooms. With a total living area of 2,308 square feet, this two-story home provides ample space for tenants while generating strong rental income potential. Built in 1905, the property retains its classic charm while offering modern conveniences such as forced air heating with natural gas. The home includes a full basement with 622 square feet of additional space, ideal for storage or potential customization. Situated in the E C Van Husans subdivision of Detroit, this duplex is located on a 30 x 118 lot (0.08 acres) within the Detroit School District. Its prime location ensures easy access to major highways, public transportation, and local amenities, making it a desirable option for long-term rental success. Whether you're an investor looking to expand your portfolio or a buyer seeking an income-generating property, this duplex presents an excellent opportunity.

4. 2026-04-07
   listed $85,900 Active 1021-char remark

   Show marketing remark (1021 chars)

   This duplex-style multi-family property offers a fantastic investment opportunity with two spacious units, each featuring two bedrooms and two bathrooms. With a total living area of 2,308 square feet, this two-story home provides ample space for tenants while generating strong rental income potential. Built in 1905, the property retains its classic charm while offering modern conveniences such as forced air heating with natural gas. The home includes a full basement with 622 square feet of additional space, ideal for storage or potential customization. Situated in the E C Van Husans subdivision of Detroit, this duplex is located on a 30 x 118 lot (0.08 acres) within the Detroit School District. Its prime location ensures easy access to major highways, public transportation, and local amenities, making it a desirable option for long-term rental success. Whether you're an investor looking to expand your portfolio or a buyer seeking an income-generating property, this duplex presents an excellent opportunity.

5. 2026-03-21
   historical
6. 2026-03-21
   historical
7. 2026-02-27
   listed $90,000 Active
8. 2026-02-27
   listed $90,000 Active
9. 2025-06-13
   historical
10. 2025-06-12
    status Active
11. 2025-02-05
    status Pending
12. 2025-02-05
    status Pending
13. 2025-02-05
    historical
14. 2025-01-31
    historical Accepting Backup Offers
15. 2025-01-31
    historical Active Under Contract
16. 2025-01-30
    listed $90,000 Active
17. 2025-01-29
    listed $90,000 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: $881 · $73/mo
• Projected year-2 tax: $1,102 · $92/mo
• Expected delta: +$221/yr (+$18/mo · 25.1%)

ⓘ 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 ≥96°F today · 15 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: $20,210
• − Mortgage interest: −$4,812
• − Property taxes: −$881
• − Insurance: −$430
• − Repairs & maintenance: −$1,617
• − Management: −$1,617
• − Depreciation: −$2,499
• Taxable income: $8,356
• Est. tax owed @ 24.0%: −$2,005
• After-tax cash flow: $7,245/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): 18,595
• Household income: $33,544
• Rent vs Own: 59.0% rent · 41.0% own
• Severe rent burden: 1364.0

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 (79%)
• Race & ethnicity: Black 79% White 16% Two or more races 4%
• Common ancestry: Romanian 1% Iranian 1% Lithuanian 1%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 98% English-only · 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: ▼ -367.43%
• Current HPI: 102.0969
• Rent YoY: —
• 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

-4.6% since first listed

17 events — show timeline

• 2026-05-06 Pending — MiRealSource-MiMLS
• 2026-05-06 Pending — REALCOMP
• 2026-04-07 Listed $85,900 REALCOMP
• 2026-04-07 Listed $85,900 MiRealSource-MiMLS
• 2026-03-21 Listing Removed — MiRealSource-MiMLS
• 2026-03-21 Listing Removed — REALCOMP
• 2026-02-27 Listed $90,000 MiRealSource-MiMLS
• 2026-02-27 Listed $90,000 REALCOMP
• 2025-06-13 Listing Removed — MiRealSource-MiMLS
• 2025-06-12 Relisted — REALCOMP
• 2025-02-05 Pending — MiRealSource-MiMLS
• 2025-02-05 Pending — REALCOMP
• 2025-02-05 Listing Removed — REALCOMP
• 2025-01-31 Contingent — MiRealSource-MiMLS
• 2025-01-31 Contingent — REALCOMP
• 2025-01-30 Listed $90,000 MiRealSource-MiMLS
• 2025-01-29 Listed $90,000 REALCOMP

Property tax history

+1.3%/yr

Latest (2025): $881 · -45.4% YoY. Source: county tax records.