5267 Maryland St · Detroit, MI 48224

$50,000

3 bd · 1.0 ba · 1,251 sqft · SingleFamily public records · 63 Days on market

Built 1926 4,356 sqft lot $40/sqft · 35% below area Est $77k · 35% under

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1-bath home is a full rehab opportunity and priced accordingly. Property is in clean condition but will require some repairs throughout. No HVAC systems present - no heating in basement or upper unit - and water heater is missing. Basement has active water intrusion, and there appears to be a roof leak impacting the upstairs closet. Ideal for experienced investors or contractors looking for their next project. Cash or renovation financing only. Sold as-is.

Key facts

• 4,356 sq ft lot
• 2 garage spots
• Built 1926

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $699 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 23.1% 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: Rents flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 37% of the median local income ($45k/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 $346 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 + 0.7% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 9y ago; this cycle's ask has dropped $15k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $26k; list at $50k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $47,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.80% ✓
• Cap rate: 23.06%
• Cash-on-cash: 59.88%
• DSCR: 3.66
• GRM: 3.0

CMA / ARV

• ARV (median comp): $77,482
• List price: $50,000
• Delta: -35.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5050 Somerset Ave	0.34mi	3/1.0	1,356 (+8%)	1mo	$84,900	$63	70
4404 Somerset Ave	0.56mi	3/1.0	1,292 (+3%)	0mo	$190,000	$147	68
5266 Devonshire Rd	0.63mi	3/1.0	1,274 (+2%)	1mo	$118,000	$93	67
4619 Balfour Rd	0.54mi	3/1.0	1,188 (-5%)	2mo	$44,000	$37	65
4871 Lakepointe St	0.27mi	3/1.5	1,100 (-12%)	2mo	$160,000	$145	64
4820 Lakepointe St	0.32mi	3/1.5	1,100 (-12%)	2mo	$160,000	$145	62
4844 Manistique St	0.33mi	3/1.0	1,088 (-13%)	2mo	$19,900	$18	61
5743 Buckingham Ave	0.55mi	3/1.5	1,328 (+6%)	2mo	$160,000	$120	60
5791 Bedford St	0.72mi	3/1.5	1,344 (+7%)	1mo	$178,000	$132	51
5777 Lakepointe St	0.28mi	4/2.5 (+1)	1,075 (-14%)	2mo	$174,999	$163	51
9500 Lakepointe St	0.71mi	3/1.0	1,130 (-10%)	0mo	$125,000	$111	50
5574 Buckingham Ave	0.54mi	3/1.0	1,430 (+14%)	2mo	$105,000	$73	49

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 55.9%
• Equity multiple: 3.38×
• Total profit: $33,319
• Equity at exit: $7,455

10-year hold

• IRR: 60.0%
• Equity multiple: 6.31×
• Total profit: $74,277
• Equity at exit: $4,323

Cash invested: $14,000 (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

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,401 high
• Mortgage (P&I): −$262
• Tax from tax record: −$125 /mo · $1,502/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $699

Break-even live

Break-even rent $517

Max offer price $50,000

Occupancy floor 45%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	43d	1	0.26mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	14d	1	0.34mi
5791 Somerset Ave Detroit, MI	3.0	2.0	1660	$1,400	$0.84	17d	1	0.41mi
5235 Chatsworth St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.42mi
4391 Nottingham Rd Unit 4393 Detroit, MI	2.0	1.0	1038	$950	$0.92	4d	1	0.54mi
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	4d	1	0.57mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	16d	1	0.58mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.58mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	20d	1	0.60mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	43d	1	0.61mi
5966 Eastlawn St Unit NA Detroit, MI	3.0	1.5	1366	$1,500	$1.10	24d	1	0.62mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.62mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	4d	1	0.63mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	43d	1	0.64mi
4151 Nottingham Rd Detroit, MI	2.0	1.0	1022	$1,275	$1.25	17d	1	0.69mi
5031 Bedford St Detroit, MI	2.0	1.0	876	$1,870	$2.13	1d	1	0.71mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	4d	1	0.71mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	0.74mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	14d	1	0.78mi
4627 Bedford St Unit 1 Detroit, MI	2.0	1.0	1050	$945	$0.90	19d	1	0.81mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	43d	1	0.82mi
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	3d	1	0.83mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	43d	1	0.86mi
3625 Chatsworth St Detroit, MI	3.0	1.5	1182	$1,295	$1.10	24d	1	1.01mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	17d	1	1.04mi
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	17d	1	1.06mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	17d	1	1.08mi
13400 Longview St Detroit, MI	3.0	1.5	1000	$1,400	$1.40	43d	1	1.11mi
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	43d	1	1.11mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	43d	1	1.12mi
13137 Elmdale St Detroit, MI	3.0	1.0	1115	$1,400	$1.26	24d	1	1.13mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	17d	1	1.14mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	3d	1	1.21mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	10d	1	1.21mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	43d	1	1.24mi
1348 Wayburn St Grosse Pointe, MI	3.0	2.0	1035	$2,200	$2.13	24d	1	1.24mi
1334 Maryland St Grosse Pointe Park, MI	2.0	1.0	1786	$1,200	$0.67	17d	1	1.27mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	20d	1	1.27mi
9171 Bishop St Detroit, MI	4.0	1.0	1508	$1,300	$0.86	43d	1	1.28mi
1314 Maryland St Grosse Pointe Park, MI	2.0	1.0	1008	$1,250	$1.24	43d	1	1.31mi

Listing history 24 events

1. 2026-06-04
   status $50,000 Pending 63 DOM
2. 2026-06-03
   days on market $50,000 Active 63 DOM
3. 2026-06-02
   days on market $50,000 Active 62 DOM
4. 2026-06-01
   days on market $50,000 Active 61 DOM
5. 2026-05-31
   days on market $50,000 Active 60 DOM
6. 2026-05-16
   price $50,000 476-char remark

   Show marketing remark (476 chars)

   This 3-bedroom, 1-bath home is a full rehab opportunity and priced accordingly. Property is in clean condition but will require some repairs throughout. No HVAC systems present - no heating in basement or upper unit - and water heater is missing. Basement has active water intrusion, and there appears to be a roof leak impacting the upstairs closet. Ideal for experienced investors or contractors looking for their next project. Cash or renovation financing only. Sold as-is.

7. 2026-05-15
   price $50,000 484-char remark

   Show marketing remark (484 chars)

   This 3-bedroom, 1-bath home is a full rehab opportunity and priced accordingly. Property is in clean condition but will require some repairs throughout. No HVAC systems present—no heating in basement or upper unit—and water heater is missing. Basement has active water intrusion, and there appears to be a roof leak impacting the upstairs closet. Ideal for experienced investors or contractors looking for their next project. Cash or renovation financing only. Sold as-is.

8. 2026-04-25
   price $55,000 476-char remark

   Show marketing remark (476 chars)

   This 3-bedroom, 1-bath home is a full rehab opportunity and priced accordingly. Property is in clean condition but will require some repairs throughout. No HVAC systems present - no heating in basement or upper unit - and water heater is missing. Basement has active water intrusion, and there appears to be a roof leak impacting the upstairs closet. Ideal for experienced investors or contractors looking for their next project. Cash or renovation financing only. Sold as-is.

9. 2026-04-24
   price $55,000 484-char remark

   Show marketing remark (484 chars)

   This 3-bedroom, 1-bath home is a full rehab opportunity and priced accordingly. Property is in clean condition but will require some repairs throughout. No HVAC systems present—no heating in basement or upper unit—and water heater is missing. Basement has active water intrusion, and there appears to be a roof leak impacting the upstairs closet. Ideal for experienced investors or contractors looking for their next project. Cash or renovation financing only. Sold as-is.

10. 2026-04-01
    listed $65,000 Active 476-char remark

    Show marketing remark (484 chars)

    This 3-bedroom, 1-bath home is a full rehab opportunity and priced accordingly. Property is in clean condition but will require some repairs throughout. No HVAC systems present—no heating in basement or upper unit—and water heater is missing. Basement has active water intrusion, and there appears to be a roof leak impacting the upstairs closet. Ideal for experienced investors or contractors looking for their next project. Cash or renovation financing only. Sold as-is.

11. 2026-04-01
    listed $65,000 Active 484-char remark

    Show marketing remark (484 chars)

    This 3-bedroom, 1-bath home is a full rehab opportunity and priced accordingly. Property is in clean condition but will require some repairs throughout. No HVAC systems present—no heating in basement or upper unit—and water heater is missing. Basement has active water intrusion, and there appears to be a roof leak impacting the upstairs closet. Ideal for experienced investors or contractors looking for their next project. Cash or renovation financing only. Sold as-is.

12. 2023-12-03
    historical
13. 2023-09-03
    listed
14. 2023-08-06
    historical
15. 2018-02-08
    soldstatus $26,400 Sold
16. 2018-02-08
    soldstatus $26,400 Closed
17. 2018-01-16
    status Pending
18. 2018-01-16
    status Pending
19. 2017-12-27
    listed $29,900 Active
20. 2017-12-27
    listed $29,900 Active
21. 2017-12-19
    historical
22. 2017-12-19
    historical
23. 2017-11-29
    listed $29,900 Active
24. 2017-11-29
    listed $29,900 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: $1,502 · $125/mo
• Projected year-2 tax: $1,502 · $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 ≥95°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: $16,812
• − Mortgage interest: −$2,801
• − Property taxes: −$1,502
• − Insurance: −$250
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$1,455
• Taxable income: $8,114
• Est. tax owed @ 24.0%: −$1,947
• After-tax cash flow: $6,435/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+67.2% since first listed

19 events — show timeline

• 2026-05-16 Price Changed $50,000 MiRealSource-MiMLS
• 2026-05-15 Price Changed $50,000 REALCOMP
• 2026-04-25 Price Changed $55,000 MiRealSource-MiMLS
• 2026-04-24 Price Changed $55,000 REALCOMP
• 2026-04-01 Listed $65,000 REALCOMP
• 2026-04-01 Listed $65,000 MiRealSource-MiMLS
• 2023-12-03 Rental Removed — APPFOLIO
• 2023-09-03 Listed for Rent — APPFOLIO
• 2023-08-06 Rental Removed — APPFOLIO
• 2018-02-08 Sold (MLS) $26,400 MiRealSource-MiMLS
• 2018-02-08 Sold (MLS) $26,400 REALCOMP
• 2018-01-16 Pending — MiRealSource-MiMLS
• 2018-01-16 Pending — REALCOMP
• 2017-12-27 Listed $29,900 MiRealSource-MiMLS
• 2017-12-27 Listed $29,900 REALCOMP
• 2017-12-19 Listing Removed — REALCOMP
• 2017-12-19 Listing Removed — MiRealSource-MiMLS
• 2017-11-29 Listed $29,900 MiRealSource-MiMLS
• 2017-11-29 Listed $29,900 REALCOMP

Property tax history

+1.5%/yr

Latest (2025): $1,502 · -9.4% YoY. Source: county tax records.