13503 Ashton Rd · 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
- 15 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 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 +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$72,058
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
Key facts
- Covered front porch
- Unfinished basement
- Corner lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $72k.
Deal economics
- At list price, monthly cash flow is $428 ($5k/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: $63k (12.0% below list) — sets the bar for market timing.
- Cap rate 13.4% vs local median 10.1% 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: 161 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 41% 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 32% 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 $498 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 + 3.0% 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 243 days — a 12% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 28y ago; this cycle's ask has dropped $8k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 243 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1942 — 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
- 1.67% ✓
- Cap rate
- 13.42%
- Cash-on-cash
- 25.46%
- DSCR
- 2.13
- GRM
- 5.0
CMA / ARV
- ARV (median comp)
- $54,382
- List price
- $72,058
- Delta
- 32.50%
- 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 |
|---|---|---|---|---|---|---|---|
| 13591 Faust Ave | 0.21mi | 2/1.0 | 891 (-2%) | 7mo | $30,000 | $34 | 82 |
| 13564 Faust Ave | 0.17mi | 2/1.0 | 951 (+5%) | 5mo | $60,000 | $63 | 80 |
| 12900 Stahelin Ave | 0.35mi | 3/1.0 (+1) | 924 (+2%) | 6mo | $50,000 | $54 | 71 |
| 12950 Glastonbury Ave | 0.28mi | 3/1.0 (+1) | 958 (+6%) | 4mo | $40,000 | $42 | 69 |
| 13538 Penrod St | 0.10mi | 3/1.0 (+1) | 1,026 (+13%) | 3mo | $95,000 | $93 | 67 |
| 13563 Faust Ave | 0.20mi | 2/1.0 | 775 (-15%) | 5mo | $60,000 | $77 | 62 |
| 12892 Asbury Park | 0.59mi | 2/1.0 | 872 (-4%) | 10mo | $82,400 | $94 | 58 |
| 12203 Grandmont Ave | 0.69mi | 3/1.5 (+1) | 861 (-5%) | 1mo | $95,000 | $110 | 52 |
| 12660 Grandmont Ave | 0.54mi | 3/1.0 (+1) | 1,019 (+12%) | 1mo | $85,000 | $83 | 49 |
| 12656 Mettetal St | 0.70mi | 2/1.0 | 803 (-12%) | 2mo | $72,872 | $91 | 46 |
| 12690 Asbury Park | 0.64mi | 3/2.0 (+1) | 826 (-9%) | 2mo | $85,000 | $103 | 45 |
| 13620 Saint Marys St | 0.72mi | 3/2.0 (+1) | 1,020 (+12%) | 2mo | $72,000 | $71 | 35 |
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 · 3.0% rent growth · sell at horizon
- IRR
- 19.1%
- Equity multiple
- 1.77×
- Total profit
- $15,619
- Equity at exit
- $10,744
- IRR
- 27.4%
- Equity multiple
- 3.42×
- Total profit
- $48,841
- Equity at exit
- $6,230
Cash invested: $20,176 (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 48223
- Active inventory
- 161
- Price-to-rent
- 5.0×
Monthly cashflow live
- Estimated rent
- $1,203 high interval (Pro) →
- Mortgage (P&I)
- −$378
- Tax from tax record
- −$114 /mo · $1,374/yr
- Insurance
- −$30
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$253
- Net cashflow
- $428
Break-even live
Sensitivity live
| Price | -10% $469 | -5% $448 | +0% $428 | +5% $408 | +10% $387 |
|---|---|---|---|---|---|
| Rent | -10% $333 | -5% $381 | +0% $428 | +5% $476 | +10% $523 |
| Rate | -1.0pp $464 | -0.5pp $446 | base $428 | +0.5pp $409 | +1.0pp $390 |
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
- $18,014
- Closing costs
- $2,162
- 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 39 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 12944 Rosemont Ave Detroit, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 6d | 1 | 0.02mi |
| 12941 Penrod St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.11mi |
| 13600 Southfield Fwy Detroit, MI | 2.0 | 1.0 | 848 | $1,100 | $1.30 | 6d | 1 | 0.16mi |
| 12875 Faust Ave Detroit, MI | 2.0 | 1.0 | 735 | $1,200 | $1.63 | 6d | 1 | 0.19mi |
| 13591 Faust Ave Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.21mi |
| 12950 Glastonbury Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 25d | 1 | 0.27mi |
| 13514 Stahelin Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 19d | 1 | 0.34mi |
| 12611 Memorial St Unit 629203 Detroit, MI | 1.0 | 1.0 | 635 | $995 | $1.57 | 25d | 1 | 0.41mi |
| 12611 Memorial St Unit 629104 Detroit, MI | 1.0 | 1.0 | 700 | $995 | $1.42 | 44d | 1 | 0.41mi |
| 19050 W Davison St Detroit, MI | 3.0 | 1.0 | 1118 | $1,400 | $1.25 | 44d | 1 | 0.47mi |
| 12840 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 44d | 1 | 0.48mi |
| 12711 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 19d | 1 | 0.48mi |
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 17d | 1 | 0.68mi |
| 14347 Westwood St Detroit, MI | 2.0 | 1.0 | 706 | $1,200 | $1.70 | 25d | 1 | 0.88mi |
| 14716 Archdale St Detroit, MI | 2.0 | 1.0 | 900 | $1,100 | $1.22 | 44d | 1 | 0.93mi |
| 14535 Mettetal St Unit 1 Detroit, MI | 2.0 | 1.0 | 965 | $1,000 | $1.04 | 44d | 1 | 0.95mi |
| 19431 Lyndon St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.96mi |
| 14258 Plainview Ave Detroit, MI | 3.0 | 1.0 | 918 | $1,200 | $1.31 | 44d | 1 | 0.98mi |
| 13500 Heyden St Detroit, MI | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 44d | 1 | 1.00mi |
| 12121 Montrose St Detroit, MI | 3.0 | 1.0 | 874 | $1,373 | $1.57 | 23d | 1 | 1.08mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 6d | 1 | 1.09mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 13d | 1 | 1.09mi |
| 12084 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 1.12mi |
| 14836 Rutherford St Unit 2 Detroit, MI | 2.0 | 1.0 | 1104 | $950 | $0.86 | 44d | 1 | 1.20mi |
| 15065 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 44d | 1 | 1.24mi |
| 14541 Kentfield St Detroit, MI | 3.0 | 1.0 | 797 | $1,300 | $1.63 | 17d | 1 | 1.30mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 2d | 15 | 1.31mi |
| 11652 Fielding St Detroit, MI | 3.0 | 1.0 | 1000 | $1,386 | $1.39 | 44d | 1 | 1.37mi |
| 14835 Greenfield Rd Detroit, MI | 1.0 | 1.0 | 650 | $825 | $1.27 | 44d | 1 | 1.38mi |
| 11345 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 700 | $1,050 | $1.50 | 13d | 1 | 1.41mi |
| 14264 Coyle St Detroit, MI | 2.0 | 1.0 | 1000 | $1,150 | $1.15 | 44d | 1 | 1.43mi |
| 11393 Prest St Detroit, MI | 3.0 | 1.0 | 900 | $1,550 | $1.72 | 17d | 1 | 1.43mi |
| 14893 Prest St Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 16d | 1 | 1.46mi |
| 9936 Montrose St Detroit, MI | 3.0 | 1.0 | 963 | $1,200 | $1.25 | 17d | 1 | 1.46mi |
| 9973 Winthrop St Detroit, MI | 3.0 | 1.0 | 960 | $1,400 | $1.46 | 44d | 1 | 1.47mi |
| 11397 Whitcomb St Detroit, MI | 3.0 | 1.0 | 1070 | $1,400 | $1.31 | 17d | 1 | 1.47mi |
| 15143 Evergreen Rd Detroit, MI | 2.0 | 1.0 | 653 | $875 | $1.34 | 25d | 1 | 1.47mi |
| 15143 Evergreen Rd Detroit, MI | 2.0 | 1.0 | 653 | $875 | $1.34 | 23d | 1 | 1.47mi |
| 11634 Sussex St Detroit, MI | 3.0 | 1.0 | 1091 | $1,326 | $1.22 | 25d | 1 | 1.48mi |
Listing history 31 events
-
2026-06-21days on market $72,058 Active 243 DOM
-
2026-06-18days on market $72,058 Active 240 DOM
-
2026-06-17days on market $72,058 Active 239 DOM
-
2026-06-15days on market $72,058 Active 237 DOM
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2026-06-13days on market $72,058 Active 235 DOM
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2026-06-13days on market $72,058 Active 234 DOM
-
2026-06-09days on market $72,058 Active 231 DOM
-
2026-06-08days on market $72,058 Active 230 DOM
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2026-06-07days on market $72,058 Active 229 DOM
-
2026-06-04days on market $72,058 Active 226 DOM
-
2026-06-03days on market $72,058 Active 225 DOM
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2026-06-01days on market $72,058 Active 223 DOM
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2026-05-31days on market $72,058 Active 222 DOM
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2026-04-02price $75,900 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-04-02price $75,900 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-01-30price $78,900 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-01-29price $78,900 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
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2025-11-21price $79,400 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2025-11-20price $79,400 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
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2025-10-21$79,900 Active 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2025-10-21$79,900 Active 525-char remark
Show marketing remark (525 chars)
TENANT OCCUPIED INVESTMENT PROPERTY! THIS HOME IS LOCATED JUST SOUTH OF SCHOOLCRAFT AND JUST WEST OF SOUTHFIELD RD. THIS CORNER LOT PROPERTY FEATURES A COVERED FRONT PORCH, 2 CAR DETACHED GARAGE, DINING ROOM, TWO BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. TENANT RENT IS 950 PER MONTH, AND IS IN A LEASE UNTIL 5/14/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
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2019-11-14soldstatus $143,000
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2013-07-23soldstatus $5,282
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2013-07-23soldstatus $5,282
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2013-06-12historical
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2013-06-12historical
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2013-06-01$1,500
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2013-06-01$1,500
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1999-08-19soldstatus $69,000
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1998-11-11soldstatus $23,000
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1998-09-25$24,900
ⓘ 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
- $1,374 · $114/mo
- Projected year-2 tax
- $1,374 · $114/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 ≥98°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $14,437
- − Mortgage interest
- −$4,036
- − Property taxes
- −$1,374
- − Insurance
- −$360
- − Repairs & maintenance
- −$1,155
- − Management
- −$1,155
- − Depreciation
- −$2,096
- Taxable income
- $4,260
- Est. tax owed @ 24.0%
- −$1,022
- After-tax cash flow
- $4,114/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)
- 22,622
- Household income
- $44,512
- Rent vs Own
- Severe rent burden
- 1151.0
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 (86%)
- Race & ethnicity
- Black 86% White 7% Two or more races 5% Hispanic / Latino 2%
- Common ancestry
- Romanian 1% Iranian 1%
- Foreign-born
- 1% · Canada
- 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
- ▼ -303.41%
- Current HPI
- 138.2779
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+204.8% since first listed18 events — show timeline
- 2026-04-02 Price Changed $75,900 MiRealSource-MiMLS
- 2026-04-02 Price Changed $75,900 REALCOMP
- 2026-01-30 Price Changed $78,900 MiRealSource-MiMLS
- 2026-01-29 Price Changed $78,900 REALCOMP
- 2025-11-21 Price Changed $79,400 MiRealSource-MiMLS
- 2025-11-20 Price Changed $79,400 REALCOMP
- 2025-10-21 Listed $79,900 REALCOMP
- 2025-10-21 Listed $79,900 MiRealSource-MiMLS
- 2019-11-14 Sold (Public Records) $143,000 Public Records
- 2013-07-23 Sold (MLS) $5,282 MiRealSource-MiMLS
- 2013-07-23 Sold (MLS) $5,282 REALCOMP
- 2013-06-12 Listing Removed — MiRealSource-MiMLS
- 2013-06-12 Listing Removed — REALCOMP
- 2013-06-01 Listed $1,500 MiRealSource-MiMLS
- 2013-06-01 Listed $1,500 REALCOMP
- 1999-08-19 Sold (Public Records) $69,000 Public Records
- 1998-11-11 Sold (MLS) $23,000 REALCOMP
- 1998-09-25 Listed $24,900 REALCOMP
Property tax history
-1.7%/yrLatest (2025): $1,374 · -54.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…