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13503 Ashton Rd
C Composite 59.96
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

13503 Ashton Rd · Detroit, MI 48223
2 bd · 1.0 ba · 908 sqft · SingleFamily public records · 243 Days on market
Built 1942 4,356 sqft lot $79/sqft · 33% above area Est $54k · 33% over

🖨 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

CORNER LOTCOVERED FRONT PORCHDETACHED GARAGEUNFINISHED BASEMENT

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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.
Recommended offer $63,411 (12.0% below list)

Questions for the listing agent

  1. 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?
  2. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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
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

5-year hold
IRR
19.1%
Equity multiple
1.77×
Total profit
$15,619
Equity at exit
$10,744
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $661
Max offer price $72,058
Occupancy floor 59%

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

AddressBedsBaths SqftRent$/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

  1. 2026-06-21
    days on market $72,058 Active 243 DOM
  2. 2026-06-18
    days on market $72,058 Active 240 DOM
  3. 2026-06-17
    days on market $72,058 Active 239 DOM
  4. 2026-06-15
    days on market $72,058 Active 237 DOM
  5. 2026-06-13
    days on market $72,058 Active 235 DOM
  6. 2026-06-13
    days on market $72,058 Active 234 DOM
  7. 2026-06-09
    days on market $72,058 Active 231 DOM
  8. 2026-06-08
    days on market $72,058 Active 230 DOM
  9. 2026-06-07
    days on market $72,058 Active 229 DOM
  10. 2026-06-04
    days on market $72,058 Active 226 DOM
  11. 2026-06-03
    days on market $72,058 Active 225 DOM
  12. 2026-06-01
    days on market $72,058 Active 223 DOM
  13. 2026-05-31
    days on market $72,058 Active 222 DOM
  14. 2026-04-02
    price $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.

  15. 2026-04-02
    price $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.

  16. 2026-01-30
    price $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.

  17. 2026-01-29
    price $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.

  18. 2025-11-21
    price $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.

  19. 2025-11-20
    price $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.

  20. 2025-10-21
    listed $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.

  21. 2025-10-21
    listed $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.

  22. 2019-11-14
    soldstatus $143,000
  23. 2013-07-23
    soldstatus $5,282
  24. 2013-07-23
    soldstatus $5,282
  25. 2013-06-12
    historical
  26. 2013-06-12
    historical
  27. 2013-06-01
    listed $1,500
  28. 2013-06-01
    listed $1,500
  29. 1999-08-19
    soldstatus $69,000
  30. 1998-11-11
    soldstatus $23,000
  31. 1998-09-25
    listed $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
combined federal + state — saved on this device
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

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)
22,622
Household income
$44,512
Rent vs Own
43.8% rent · 56.2% 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

Price history

+204.8% since first listed
18 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%/yr

Latest (2025): $1,374 · -54.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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