9526 Grandmont Ave · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
- DSCR +10.0/10.0
- 1% rule +8.8/10.0
- ARV discount +7.5/15.0
- Rent growth +3.9/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$100,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
Key facts
- 4,356 sq ft lot
- Garage
- Built 1959
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $100k.
Deal economics
- At list price, monthly cash flow is $447 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $100k).
- Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
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 (+5.6%/yr); 385 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $1,381/mo this rent would consume 45% of the median local household income ($37k/yr) (locally 2371% 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 $691 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 + 5.6% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 71 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts; this cycle's ask is 18% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.38% ✓
- Cap rate
- 11.66%
- Cash-on-cash
- 19.17%
- DSCR
- 1.85
- GRM
- 6.0
CMA / ARV
- ARV (on-the-fly)
- $65,265
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 9660 Abington Ave | 0.14mi | 3/1.0 | 1,188 (+4%) | 1mo | $59,000 | $50 | 87 |
| 9909 Asbury Park | 0.18mi | 3/1.0 | 1,095 (-4%) | 1mo | $95,000 | $87 | 84 |
| 11375 Grandmont Ave | 0.37mi | 3/1.0 | 1,083 (-5%) | 0mo | $104,000 | $96 | 73 |
| 9220 Rutherford St | 0.40mi | 3/1.5 | 1,199 (+5%) | 1mo | $85,000 | $71 | 71 |
| 9003 Archdale St | 0.53mi | 3/1.0 | 1,116 (-2%) | 5mo | $40,200 | $36 | 67 |
| 11658 Ashton Ave | 0.68mi | 3/1.0 | 1,080 (-6%) | 0mo | $89,000 | $82 | 59 |
| 9987 Winthrop St | 0.58mi | 3/1.5 | 1,218 (+6%) | 5mo | $40,000 | $33 | 56 |
| 11713 Asbury Park | 0.59mi | 3/1.5 | 1,220 (+7%) | 4mo | $70,000 | $57 | 56 |
| 9555 Montrose St | 0.47mi | 3/1.0 | 999 (-13%) | 3mo | $45,000 | $45 | 55 |
| 9599 Whitcomb St | 0.71mi | 3/1.0 | 1,060 (-7%) | 1mo | $55,000 | $52 | 54 |
| 9163 Montrose St | 0.56mi | 3/1.0 | 1,000 (-13%) | 4mo | $29,000 | $29 | 49 |
| 9316 Whitcomb St | 0.75mi | 3/1.5 | 1,029 (-10%) | 4mo | $100,000 | $97 | 43 |
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 · 5.59% rent growth · sell at horizon
- IRR
- 13.9%
- Equity multiple
- 1.57×
- Total profit
- $15,969
- Equity at exit
- $14,910
- IRR
- 24.5%
- Equity multiple
- 3.38×
- Total profit
- $66,534
- Equity at exit
- $8,646
Cash invested: $28,000 (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
ZIP-level market 48227
- Rents YoY
- 5.6%
- Active inventory
- 385
- Price-to-rent
- 6.0×
Monthly cashflow live
- Estimated rent
- $1,381 high interval (Pro) →
- Mortgage (P&I)
- −$524
- Tax from tax record
- −$78 /mo · $932/yr
- Insurance
- −$42
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$290
- Net cashflow
- $447
Break-even live
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
- $25,000
- Closing costs
- $3,000
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 10030 Abington Ave Detroit, MI | 4.0 | 2.0 | 1350 | $1,475 | $1.09 | 11d | 1 | 0.25mi |
| 9589 Mansfield St Detroit, MI | 4.0 | 1.0 | 1250 | $1,500 | $1.20 | 5d | 1 | 0.28mi |
| 9345 Rutherford St Unit 3 Detroit, MI | 2.0 | 1.0 | 850 | $1,050 | $1.24 | 24d | 1 | 0.34mi |
| 9220 Mansfield St Detroit, MI | 3.0 | 1.0 | 1200 | $1,300 | $1.08 | 43d | 1 | 0.36mi |
| 9108 Archdale St Detroit, MI | 3.0 | 1.0 | 1000 | $1,300 | $1.30 | 5d | 1 | 0.45mi |
| 9222 Forrer St Detroit, MI | 3.0 | 1.0 | 947 | $1,450 | $1.53 | 16d | 1 | 0.50mi |
| 9936 Montrose St Detroit, MI | 3.0 | 1.0 | 963 | $1,200 | $1.25 | 16d | 1 | 0.51mi |
| 9973 Winthrop St Detroit, MI | 3.0 | 1.0 | 960 | $1,400 | $1.46 | 43d | 1 | 0.56mi |
| 11641 Mansfield St Unit 2 Detroit, MI | 3.0 | 1.0 | 1449 | $1,300 | $0.90 | 43d | 1 | 0.56mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 1d | 15 | 0.63mi |
| 11345 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 700 | $1,050 | $1.50 | 12d | 1 | 0.67mi |
| 8850 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 933 | $1,100 | $1.18 | 18d | 1 | 0.71mi |
| 11393 Prest St Detroit, MI | 3.0 | 1.0 | 900 | $1,550 | $1.72 | 16d | 1 | 0.74mi |
| 9917 Sussex St Detroit, MI | 2.0 | 1.0 | 800 | $1,375 | $1.72 | 43d | 1 | 0.76mi |
| 9546 Sussex St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 43d | 1 | 0.78mi |
| 11397 Whitcomb St Detroit, MI | 3.0 | 1.0 | 1070 | $1,400 | $1.31 | 16d | 1 | 0.79mi |
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 16d | 1 | 0.83mi |
| 9386 Coyle St Detroit, MI | 3.0 | 1.0 | 1000 | $1,300 | $1.30 | 2d | 1 | 0.84mi |
| 12121 Montrose St Detroit, MI | 3.0 | 1.0 | 874 | $1,373 | $1.57 | 22d | 1 | 0.85mi |
| 11704 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1046 | $1,300 | $1.24 | 24d | 1 | 0.88mi |
| 9090 Stahelin Ave Detroit, MI | 2.0 | 1.0 | 787 | $1,250 | $1.59 | 43d | 1 | 0.88mi |
| 10015 Robson St Detroit, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 0.89mi |
| 8451 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 867 | $1,150 | $1.33 | 43d | 1 | 0.91mi |
| 11634 Sussex St Detroit, MI | 3.0 | 1.0 | 1091 | $1,326 | $1.22 | 24d | 1 | 0.92mi |
| 8604 Whitcomb St Detroit, MI | 3.0 | 2.0 | 1033 | $1,300 | $1.26 | 43d | 1 | 0.95mi |
| 9501 Lauder St Detroit, MI | 3.0 | 2.0 | 1152 | $1,350 | $1.17 | 43d | 1 | 0.98mi |
| 14740 W Chicago Unit B Detroit, MI | 2.0 | 1.0 | 900 | $845 | $0.94 | 43d | 1 | 1.00mi |
| 8262 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 836 | $1,200 | $1.44 | 5d | 1 | 1.00mi |
| 8331 Whitcomb St Detroit, MI | 4.0 | 1.0 | 1342 | $1,350 | $1.01 | 22d | 1 | 1.03mi |
| 9590 Marlowe St Detroit, MI | 2.0 | 1.0 | 877 | $1,430 | $1.63 | 43d | 1 | 1.06mi |
| 12711 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 1.07mi |
| 11431 Marlowe St Detroit, MI | 3.0 | 1.0 | 1172 | $1,400 | $1.19 | 16d | 1 | 1.11mi |
| 12014 Terry St Detroit, MI | 2.0 | 1.0 | 1361 | $1,200 | $0.88 | 43d | 1 | 1.13mi |
| 12039 Lauder St Detroit, MI | 3.0 | 1.5 | 1000 | $1,500 | $1.50 | 24d | 1 | 1.16mi |
| 12840 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 43d | 1 | 1.17mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 18d | 1 | 1.18mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 22d | 1 | 1.18mi |
| 19449 W Chicago St Detroit, MI | 3.0 | 1.5 | 950 | $1,500 | $1.58 | 43d | 1 | 1.19mi |
| 19301 Joy Rd Apt 1 Detroit, MI | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 43d | 1 | 1.23mi |
| 8212 Lauder St Detroit, MI | 3.0 | 1.0 | 1026 | $1,150 | $1.12 | 43d | 1 | 1.32mi |
Listing history 11 events
-
2026-02-27status Pending 411-char remark
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2026-02-27status Pending
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2026-02-14price $100,000 411-char remark
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2026-02-13price $100,000
-
2026-02-12status Active 411-char remark
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2026-02-12status Active
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2025-12-23historical Keep Showing-Contgcy Appl 411-char remark
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2025-12-23historical Active Under Contract
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2025-12-18$85,000 Active 411-char remark
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2025-12-18$85,000 Active
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
-
2025-12-17historical $85,000 411-char remark
Show marketing remark (411 chars)
3 BEDROOM 1.1 BATH HOME WITH FULL BASEMENT AND 1 CAR GARAGE OFF W CHICAGO. HOME HAS BEEN FHA APPRAISED WITH NO CONDITIONS. UPDATED KITCHEN WITH NEWER CABINETS, FLOORING, REFRIGERATOR, STOVE, MICROWAVE, DISPOSAL AND DISHWASHER. BEAUTIFUL HARDWOOD FLOORS AND NEWER WINDOWS. UPDATED ELECTRICAL, CENTRAL AIR AND PLUMBING. BASEMENT IS PERFECT FOR ENTERTAINING WITH A WET BAR. BUYERS AGENT TO VERIFY ALL MEASUREMENTS.
ⓘ 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
- $932 · $78/mo
- Projected year-2 tax
- $1,236 · $103/mo
- Expected delta
- +$304/yr (+$25/mo · 32.6%)
ⓘ 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 ≥98°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,573
- − Mortgage interest
- −$5,602
- − Property taxes
- −$932
- − Insurance
- −$500
- − Repairs & maintenance
- −$1,326
- − Management
- −$1,326
- − Depreciation
- −$2,909
- Taxable income
- $3,979
- Est. tax owed @ 24.0%
- −$955
- After-tax cash flow
- $4,413/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
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)
- 40,302
- Household income
- $36,527
- Rent vs Own
- Severe rent burden
- 2371.0
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 (95%)
- Race & ethnicity
- Black 95% Two or more races 3% White 1%
- Foreign-born
- 1%
- Languages at home
- 98% English-only · Spanish 1% 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
- ▼ -125.00%
- Current HPI
- 186.4158
- Rent YoY
- ▲ 5.59%
- 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
+17.6% since first listed11 events — show timeline
- 2026-02-27 Pending — MiRealSource-MiMLS
- 2026-02-27 Pending — REALCOMP
- 2026-02-14 Price Changed $100,000 MiRealSource-MiMLS
- 2026-02-13 Price Changed $100,000 REALCOMP
- 2026-02-12 Relisted — MiRealSource-MiMLS
- 2026-02-12 Relisted — REALCOMP
- 2025-12-23 Contingent — MiRealSource-MiMLS
- 2025-12-23 Contingent — REALCOMP
- 2025-12-18 Listed $85,000 MiRealSource-MiMLS
- 2025-12-18 Listed $85,000 REALCOMP
- 2025-12-17 Coming Soon $85,000 MiRealSource-MiMLS
Property tax history
-2.8%/yrLatest (2025): $932 · -13.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…