10313 Mckinney St · Detroit, MI 48224

$71,900

3 bd · 1.0 ba · 855 sqft · SingleFamily public records · 72 Days on market

Built 1940 5,663 sqft lot $84/sqft · 26% above area Est $57k · 26% over

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

Listing remarks MLS

Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,000 a month. Conveniently located with easy access from Balfour Rd and I-94 Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. Property is rental certified.

Key facts

• I-94 freeway
• Rental certified
• 5,663 sq ft lot

Tags

• DETROIT BRICK BUNGALOW
• EASY ACCESS FROM BALFOUR RD
• I-94 FREEWAY
• RENTAL CERTIFIED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $489 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $68k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 10.0% 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; 492 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); 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).
• This rent runs 36% 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 $497 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 $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 30y ago; this cycle's ask has dropped $6k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $15k; list at $72k implies a 379% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,586 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 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 1940 — 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: 1.87% ✓
• Cap rate: 14.45%
• Cash-on-cash: 29.14%
• DSCR: 2.30
• GRM: 4.5

CMA / ARV

• ARV (median comp): $56,911
• List price: $71,900
• Delta: 26.34%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10670 Nottingham Rd	0.17mi	2/1.0 (-1)	827 (-3%)	5mo	$35,000	$42	78
11035 Worden St	0.66mi	3/1.0	834 (-2%)	3mo	$55,000	$66	63
10704 Duprey St	0.68mi	3/1.0	845 (-1%)	6mo	$104,000	$123	62
11490 Somerset Ave	0.63mi	3/1.0	915 (+7%)	4mo	$70,000	$77	55
11624 Wayburn St	0.53mi	3/1.0	756 (-12%)	3mo	$17,000	$22	54
10058 Greensboro St	0.66mi	3/1.0	928 (+8%)	3mo	$40,000	$43	53
11475 Lakepointe St	0.47mi	2/1.0 (-1)	953 (+12%)	3mo	$95,000	$100	51
10510 Duprey St	0.56mi	3/1.0	947 (+11%)	6mo	$90,000	$95	51
11017 Worden St	0.64mi	3/1.0	961 (+12%)	0mo	$47,500	$49	49
6106 Oldtown St	0.61mi	3/1.5	961 (+12%)	1mo	$132,000	$137	48
10945 Peerless St	0.68mi	3/1.0	964 (+13%)	2mo	$54,000	$56	46
12056 Duchess St	0.73mi	3/1.0	950 (+11%)	3mo	$30,000	$32	45

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: 20.8%
• Equity multiple: 1.82×
• Total profit: $16,552
• Equity at exit: $10,721

10-year hold

• IRR: 27.3%
• Equity multiple: 3.14×
• Total profit: $43,022
• Equity at exit: $6,217

Cash invested: $20,132 (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: 492
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,341 high
• Mortgage (P&I): −$377
• Tax from tax record: −$164 /mo · $1,967/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $489

Break-even live

Break-even rent $723

Max offer price $71,900

Occupancy floor 59%

Sensitivity live

Price	-10% $530	-5% $509	+0% $489	+5% $468	+10% $448
Rent	-10% $383	-5% $436	+0% $489	+5% $542	+10% $595
Rate	-1.0pp $525	-0.5pp $507	base $489	+0.5pp $470	+1.0pp $451

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: $17,975
• Closing costs: $2,157
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10177 Boleyn St Detroit, MI	3.0	1.0	767	$1,250	$1.63	45d	1	0.09mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	5d	1	0.10mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	5d	1	0.20mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	45d	1	0.21mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	45d	1	0.22mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	14d	1	0.33mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	18d	1	0.36mi
11529 Roxbury St Detroit, MI	2.0	1.0	720	$1,200	$1.67	14d	1	0.52mi
11611 Morang Ave Detroit, MI	1.0–2.0	1.0	709	$1,040	$1.47	45d	1	0.53mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	45d	1	0.55mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	45d	1	0.61mi
11776 Rossiter St Detroit, MI	3.0	1.0	964	$1,150	$1.19	12d	1	0.61mi
10542 Lanark St Detroit, MI	3.0	1.0	1023	$1,250	$1.22	45d	1	0.64mi
9747 Somerset Ave Detroit, MI	2.0	1.0	797	$1,100	$1.38	45d	1	0.65mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	4d	1	0.67mi
10985 Peerless St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	6d	1	0.69mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	16d	1	0.70mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	19d	1	0.70mi
5955 Guilford St Detroit, MI	3.0	1.0	802	$1,400	$1.75	18d	1	0.71mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	45d	1	0.72mi
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.72mi
12201 Morang Ave Unit 8 Detroit, MI	2.0	1.0	610	$875	$1.43	45d	1	0.78mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	45d	1	0.81mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	16d	1	0.81mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	45d	1	0.81mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	45d	1	0.82mi
19639 Moross Rd Unit 1 Detroit, MI	2.0	1.0	900	$1,100	$1.22	45d	1	0.85mi
19982 McCormick St Detroit, MI	3.0	1.0	866	$1,200	$1.39	5d	1	0.85mi
5786 Neff Ave Detroit, MI	3.0	1.5	1100	$1,225	$1.11	18d	1	0.88mi
6175 Marseilles St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	45d	1	0.89mi
9516 Wayburn St Detroit, MI	2.0	1.0	800	$950	$1.19	18d	1	0.90mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	0d	1	0.92mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	14d	1	0.92mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	45d	1	0.92mi
5284 Devonshire Rd Detroit, MI	2.0	1.0	650	$1,050	$1.62	25d	1	0.93mi
19442 Kingsville St Harper Woods, MI	3.0	1.0	1000	$1,500	$1.50	18d	1	0.95mi
20461 Kingsville St Harper Woods, MI	4.0	1.0	1100	$1,399	$1.27	16d	1	0.98mi
12716 Riad St Detroit, MI	3.0	1.0	974	$1,275	$1.31	18d	1	1.00mi
19365 Kingsville St Harper Woods, MI	4.0	1.5	996	$1,650	$1.66	16d	1	1.00mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,225	$1.11	0d	1	1.00mi

Listing history 37 events

1. 2026-06-21
   days on market $71,900 Active 72 DOM
2. 2026-06-18
   days on market $71,900 Active 69 DOM
3. 2026-06-17
   days on market $71,900 Active 68 DOM
4. 2026-06-15
   days on market $71,900 Active 66 DOM
5. 2026-06-13
   days on market $71,900 Active 64 DOM
6. 2026-06-13
   days on market $71,900 Active 63 DOM
7. 2026-06-09
   days on market $71,900 Active 60 DOM
8. 2026-06-08
   days on market $71,900 Active 59 DOM
9. 2026-06-07
   days on market $71,900 Active 58 DOM
10. 2026-06-04
    days on market $71,900 Active 55 DOM
11. 2026-06-03
    days on market $71,900 Active 54 DOM
12. 2026-06-02
    days on market $71,900 Active 53 DOM
13. 2026-06-01
    days on market $71,900 Active 52 DOM
14. 2026-05-31
    days on market $71,900 Active 51 DOM
15. 2026-05-19
    price $71,900 402-char remark

    Show marketing remark (402 chars)

    Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,000 a month. Conveniently located with easy access from Balfour Rd and I-94 Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. Property is rental certified.

16. 2026-04-11
    listed $78,000 Active 402-char remark

    Show marketing remark (402 chars)

    Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,000 a month. Conveniently located with easy access from Balfour Rd and I-94 Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. Property is rental certified.

17. 2026-04-10
    listed $78,000 Active 402-char remark

    Show marketing remark (402 chars)

    Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,000 a month. Conveniently located with easy access from Balfour Rd and I-94 Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. Property is rental certified.

18. 2018-06-04
    soldstatus $15,000
19. 2018-06-04
    soldstatus $15,000
20. 2018-06-03
    listed $23,900
21. 2018-06-03
    listed $23,900
22. 2018-06-03
    historical
23. 2018-06-01
    historical
24. 2018-06-01
    historical
25. 2018-03-07
    price $23,900
26. 2017-12-13
    listed $23,900
27. 2017-12-13
    listed $25,000 Active
28. 2017-09-26
    historical
29. 2017-09-26
    historical
30. 2017-07-27
    listed $23,000
31. 2017-07-27
    listed $23,000
32. 2010-12-30
    historical
33. 2010-09-30
    listed $9,900
34. 1997-06-19
    soldstatus $40,000
35. 1996-12-13
    soldstatus $40,000
36. 1996-10-15
    historical
37. 1996-09-04
    listed $42,900

ⓘ 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: $1,967 · $164/mo
• Projected year-2 tax: $1,967 · $164/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

Taxation est. · year 1

• Rental income: $16,097
• − Mortgage interest: −$4,028
• − Property taxes: −$1,967
• − Insurance: −$360
• − Repairs & maintenance: −$1,288
• − Management: −$1,288
• − Depreciation: −$2,092
• Taxable income: $5,076
• Est. tax owed @ 24.0%: −$1,218
• After-tax cash flow: $4,648/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

+67.6% since first listed

23 events — show timeline

• 2026-05-19 Price Changed $71,900 REALCOMP
• 2026-04-11 Listed $78,000 REALCOMP
• 2026-04-10 Listed $78,000 MiRealSource-MiMLS
• 2018-06-04 Sold (MLS) $15,000 MiRealSource-MiMLS
• 2018-06-04 Sold (MLS) $15,000 REALCOMP
• 2018-06-03 Listing Removed — MiRealSource-MiMLS
• 2018-06-03 Listed $23,900 MiRealSource-MiMLS
• 2018-06-03 Listed $23,900 REALCOMP
• 2018-06-01 Listing Removed — MiRealSource-MiMLS
• 2018-06-01 Listing Removed — REALCOMP
• 2018-03-07 Price Changed $23,900 MiRealSource-MiMLS
• 2017-12-13 Listed $25,000 MiRealSource-MiMLS
• 2017-12-13 Listed $23,900 REALCOMP
• 2017-09-26 Listing Removed — MiRealSource-MiMLS
• 2017-09-26 Listing Removed — REALCOMP
• 2017-07-27 Listed $23,000 MiRealSource-MiMLS
• 2017-07-27 Listed $23,000 REALCOMP
• 2010-12-30 Listing Removed — REALCOMP
• 2010-09-30 Listed $9,900 REALCOMP
• 1997-06-19 Sold (Public Records) $40,000 Public Records
• 1996-12-13 Sold (MLS) $40,000 MiRealSource-MiMLS
• 1996-10-15 Listing Removed — MiRealSource-MiMLS
• 1996-09-04 Listed $42,900 MiRealSource-MiMLS

Property tax history

+2.7%/yr

Latest (2025): $1,967 · -37.7% YoY. Source: county tax records.