19327 Wyoming Ave · Detroit, MI 48221

$47,900

2 bd · 1.0 ba · 862 sqft · Townhouse public records · 42 Days on market

Built 1951 2,614 sqft lot $56/sqft · 54% below area ↓ 20% since listing

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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
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

Key facts

• 2,614 sq ft lot
• Built 1951
• Listed 41 days

Property features AI

Exterior

• Home design: Single-family residence; Residential property; Built in 1951
• Construction: Brick and vinyl siding construction
• Exterior features: Public water; Lot is approximately 0.06 acres

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Five total rooms; Full basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $48k.

Deal economics

• At list price, monthly cash flow is $621 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Recommended offer: $46k (3.0% below list) — sets the bar for market timing.
• Cap rate 21.9% 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 (+3.4%/yr); 349 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $331 of loan paydown is wiped out by about $1k 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 + 3.4% rent growth), your $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $12k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $46,463 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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. 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: 2.70% ✓
• Cap rate: 21.85%
• Cash-on-cash: 55.56%
• DSCR: 3.47
• GRM: 3.1

CMA / ARV

• ARV (median comp): $103,495
• List price: $47,900
• Delta: -53.72%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.44% rent growth · sell at horizon

5-year hold

• IRR: 54.5%
• Equity multiple: 3.42×
• Total profit: $32,428
• Equity at exit: $7,142

10-year hold

• IRR: 59.8%
• Equity multiple: 7.10×
• Total profit: $81,802
• Equity at exit: $4,142

Cash invested: $13,412 (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 48221

• Rents YoY: 3.4%
• Active inventory: 349
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,293 high
• Mortgage (P&I): −$251
• Tax from tax record: −$129 /mo · $1,553/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $621

Break-even live

Break-even rent $507

Max offer price $47,900

Occupancy floor 47%

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: $11,975
• Closing costs: $1,437
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20009 Wisconsin St Detroit, MI	3.0	1.5	1051	$1,400	$1.33	17d	1	0.45mi
18461 Washburn St Detroit, MI	1.0	1.0	690	$775	$1.12	44d	1	0.50mi
19929 Monte Vista St Detroit, MI	3.0	1.0	860	$1,450	$1.69	17d	1	0.54mi
20185 Indiana St Detroit, MI	2.0	1.5	1096	$1,275	$1.16	44d	1	0.57mi
20032 Monte Vista St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	20d	1	0.59mi
20110 Northlawn St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	17d	1	0.61mi
18675 Meyers Rd Unit 18677 Detroit, MI	2.0	1.0	942	$1,100	$1.17	44d	1	0.62mi
20045 Greenlawn St Detroit, MI	3.0	1.0	925	$1,350	$1.46	44d	1	0.64mi
20122 Manor St Detroit, MI	3.0	1.0	1028	$1,200	$1.17	44d	1	0.66mi
20445 Kentucky St Detroit, MI	3.0	1.0	1046	$1,200	$1.15	24d	1	0.69mi
20458 Indiana St Detroit, MI	3.0	1.0	1049	$1,300	$1.24	18d	1	0.71mi
20460 Griggs St Detroit, MI	2.0	1.0	910	$1,100	$1.21	17d	1	0.72mi
20515 Ilene St Detroit, MI	3.0	1.0	891	$1,450	$1.63	44d	1	0.76mi
20245 Manor Detroit, MI	3.0	1.0	1018	$1,400	$1.38	3d	1	0.77mi
20429 Monte Vista St Detroit, MI	3.0	1.0	872	$1,300	$1.49	17d	1	0.79mi
19474 Schaefer Hwy Detroit, MI	2.0	1.0	896	$1,075	$1.20	5d	1	1.00mi
20038 Santa Rosa Dr Detroit, MI	3.0	1.0	927	$1,300	$1.40	17d	1	1.00mi
19031 Livernois Unit F Detroit, MI	2.0	2.0	1100	$2,135	$1.94	44d	1	1.01mi
18512 Schaefer Hwy Detroit, MI	2.0	1.0	962	$1,200	$1.25	24d	1	1.08mi
17159 Northlawn St Unit 17161 Detroit, MI	2.0	1.0	1122	$975	$0.87	5d	1	1.17mi
17150 Meyers Rd Detroit, MI	1.0–2.0	1.0	775	$975	$1.26	44d	2	1.17mi
21374 Ithaca Ave Ferndale, MI	3.0	1.0	996	$1,775	$1.78	24d	1	1.22mi
17551 Santa Rosa Dr Detroit, MI	2.0	1.0	1036	$1,095	$1.06	44d	1	1.24mi
18637 James Couzens Fwy Unit C103 Detroit, MI	1.0	1.0	630	$835	$1.33	44d	1	1.25mi
18637 James Couzens Fwy Apt 103A Detroit, MI	1.0	1.0	630	$835	$1.33	2d	1	1.25mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	1.35mi
20129 Stratford Rd Unit 2 Detroit, MI	2.0	1.0	1100	$1,223	$1.11	24d	1	1.36mi
510 Stratford Rd Ferndale, MI	2.0	1.0	965	$1,750	$1.81	44d	1	1.40mi
17147 Monica St Unit 2 1 Detroit, MI	2.0	1.0	900	$975	$1.08	24d	1	1.40mi
578 Kensington Ave Ferndale, MI	2.0	1.0	860	$1,600	$1.86	5d	1	1.41mi
17145 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	1050	$1,400	$1.33	18d	1	1.43mi
17150 Santa Rosa Dr Detroit, MI	1.0	1.0	950	$1,250	$1.32	17d	1	1.45mi
16722 Tuller St Detroit, MI	3.0	1.5	1100	$1,500	$1.36	17d	1	1.45mi
20643 Stratford Rd Unit 1 Detroit, MI	2.0	1.5	1000	$1,250	$1.25	44d	1	1.48mi
17215 Warrington Dr Detroit, MI	2.0	1.0	1015	$2,000	$1.97	44d	1	1.50mi

Listing history 20 events

1. 2026-06-18
   days on market $47,900 Active 42 DOM
2. 2026-06-17
   days on market $47,900 Active 41 DOM
3. 2026-06-15
   days on market $47,900 Active 39 DOM
4. 2026-06-13
   days on market $47,900 Active 37 DOM
5. 2026-06-13
   days on market $47,900 Active 36 DOM
6. 2026-06-10
   price $47,900 Active 33 DOM

   Show marketing remark (712 chars)

   * * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

7. 2026-06-09
   days on market $52,400 Active 33 DOM
8. 2026-06-08
   days on market $52,400 Active 32 DOM
9. 2026-06-07
   days on market $52,400 Active 31 DOM
10. 2026-06-04
    days on market $52,400 Active 28 DOM
11. 2026-06-03
    days on market $52,400 Active 27 DOM
12. 2026-06-02
    days on market $52,400 Active 26 DOM
13. 2026-06-01
    days on market $52,400 Active 25 DOM
14. 2026-05-31
    days on market $52,400 Active 24 DOM
15. 2026-05-18
    price $54,900

    Show marketing remark (712 chars)

    * * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

16. 2026-05-18
    price $54,900

    Show marketing remark (712 chars)

    * * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

17. 2026-05-18
    price $54,900

    Show marketing remark (712 chars)

    * * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

18. 2026-05-08
    listed $59,900 Active

    Show marketing remark (712 chars)

    * * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

19. 2026-05-08
    listed $59,900 Active

    Show marketing remark (712 chars)

    * * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

20. 2026-05-08
    listed $59,900 Active

    Show marketing remark (712 chars)

    * * * FIXER UPPER Welcome to 19327 Wyoming Avenue in the heart of Detroit! This brick HALF DUPLEX unit offers a fantastic opportunity for homeowners and investors alike. Featuring approximately 862 square feet of living space, this property is full of potential and ready for your personal touch. Situated in an established neighborhood near shopping, dining, schools, and major roadways, the location provides convenience and accessibility throughout the city. Whether you are looking to expand your rental portfolio, create a cozy starter home, or add value with updates, this property presents endless possibilities. Don't miss your chance to own an affordable Detroit property with strong upside potential!

ⓘ 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: $1,553 · $129/mo
• Projected year-2 tax: $1,553 · $129/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 ≥97°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: $15,517
• − Mortgage interest: −$2,683
• − Property taxes: −$1,553
• − Insurance: −$240
• − Repairs & maintenance: −$1,241
• − Management: −$1,241
• − Depreciation: −$1,393
• Taxable income: $7,166
• Est. tax owed @ 24.0%: −$1,720
• After-tax cash flow: $5,732/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): 41,392
• Household income: $57,878
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1646.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 4% Asian 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -433.14%
• Current HPI: 280.5434
• Rent YoY: ▲ 3.44%
• 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

-20.0% since first listed

15 events — show timeline

• 2026-06-10 Price Changed $47,900 MiRealSource-MiMLS
• 2026-06-10 Price Changed $47,900 REALCOMP
• 2026-06-10 Price Changed $47,900 SW Michigan MLS
• 2026-05-26 Price Changed $52,400 MiRealSource-MiMLS
• 2026-05-25 Price Changed $52,400 REALCOMP
• 2026-05-25 Price Changed $52,400 SW Michigan MLS
• 2026-05-20 Price Changed $52,500 MiRealSource-MiMLS
• 2026-05-19 Price Changed $52,500 REALCOMP
• 2026-05-19 Price Changed $52,500 SW Michigan MLS
• 2026-05-18 Price Changed $54,900 MiRealSource-MiMLS
• 2026-05-18 Price Changed $54,900 REALCOMP
• 2026-05-18 Price Changed $54,900 SW Michigan MLS
• 2026-05-08 Listed $59,900 SW Michigan MLS
• 2026-05-08 Listed $59,900 REALCOMP
• 2026-05-08 Listed $59,900 MiRealSource-MiMLS

Property tax history

+4.9%/yr

Latest (2025): $1,553 · +0.0% YoY. Source: county tax records.