12361 Evanston St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 2/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°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 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 +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$75,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
Key facts
- Built 1940
- Listed 23 days
Property features AI
Finance
- Other: Additional property details limited to year built, subdivision, and living area
- Financial info: Financial details not provided
- HOA & community: HOA information not provided
Exterior
- Parking: Parking details not provided
- Security: Security features not provided
- Utilities: Utility information not provided
- Home design: Built in 1940; Single-family residence (property type not explicitly stated)
- Construction: Living area approximately 1,175 (unit not shown in interior/exterior sections)
- Exterior features: Property located at 12361 Evanston St, Detroit, MI 48213
Interior
- Kitchen: Kitchen details not provided
- Bedrooms: Bedrooms not specified
- Flooring: Flooring details not provided
- Bathrooms: Bathrooms not specified
- Heating & cooling: HVAC details not provided
- Interior features: Located in the Ravendale subdivision
- Laundry & utility: Laundry and utility details not provided
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $75k.
Deal economics
- At list price, monthly cash flow is $455 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $75k).
- Recommended offer: $74k (1.5% below list) — sets the bar for market timing.
- Cap rate 13.6% 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: 190 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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).
- At $1,324/mo this rent would consume 47% of the median local household income ($34k/yr) (locally 1202% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $519 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 $21k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 23 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $45k; list at $75k implies a 67% 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.
Questions for the listing agent
- Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 1.77% ✓
- Cap rate
- 13.57%
- Cash-on-cash
- 25.99%
- DSCR
- 2.16
- GRM
- 4.7
CMA / ARV
- ARV (on-the-fly)
- $44,650
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 13113 Camden St | 0.46mi | 3/1.0 | 1,224 (+4%) | 2mo | $88,000 | $72 | 70 |
| 12798 Corbett St | 0.36mi | 3/1.5 | 1,124 (-4%) | 6mo | $75,000 | $67 | 68 |
| 13136 Maiden St | 0.50mi | 4/1.0 (+1) | 1,144 (-3%) | 1mo | $10,000 | $9 | 67 |
| 13334 Elmdale St | 0.61mi | 3/1.0 | 1,221 (+4%) | 3mo | $89,254 | $73 | 63 |
| 12780 Evanston St | 0.27mi | 3/2.5 | 1,074 (-9%) | 9mo | $17,500 | $16 | 60 |
| 12541 Camden St | 0.12mi | 2/1.0 (-1) | 1,014 (-14%) | 9mo | $29,525 | $29 | 59 |
| 13001 Promenade St | 0.70mi | 3/1.0 | 1,124 (-4%) | 6mo | $73,800 | $66 | 55 |
| 5557 Lakeview St | 0.73mi | 3/1.0 | 1,233 (+5%) | 4mo | $40,000 | $32 | 54 |
| 11091 Wilshire Dr | 0.73mi | 2/1.5 (-1) | 1,205 (+3%) | 3mo | $15,000 | $12 | 52 |
| 8750 E Outer Dr | 0.65mi | 3/1.0 | 1,070 (-9%) | 7mo | $102,000 | $95 | 49 |
| 8801 E Outer Dr | 0.70mi | 3/1.5 | 1,047 (-11%) | 1mo | $40,000 | $38 | 46 |
| 14263 Hampshire St | 0.72mi | 3/1.0 | 1,056 (-10%) | 5mo | $16,500 | $16 | 46 |
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
- 19.7%
- Equity multiple
- 1.80×
- Total profit
- $16,882
- Equity at exit
- $11,183
- IRR
- 28.0%
- Equity multiple
- 3.49×
- Total profit
- $52,269
- Equity at exit
- $6,485
Cash invested: $21,000 (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
ZIP-level market 48213
- Active inventory
- 190
- Price-to-rent
- 4.7×
Monthly cashflow live
- Estimated rent
- $1,324 high interval (Pro) →
- Mortgage (P&I)
- −$393
- Tax from tax record
- −$167 /mo · $1,999/yr
- Insurance
- −$31
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$278
- Net cashflow
- $455
Break-even live
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
- $18,750
- Closing costs
- $2,250
- 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 29 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 12210 Longview St Detroit, MI | 3.0 | 1.0 | 1020 | $1,100 | $1.08 | 43d | 1 | 0.39mi |
| 12051 Wilshire Dr Detroit, MI | 3.0 | 1.5 | 1224 | $1,250 | $1.02 | 17d | 1 | 0.59mi |
| 13137 Elmdale St Detroit, MI | 3.0 | 1.0 | 1115 | $1,400 | $1.26 | 24d | 1 | 0.60mi |
| 5966 Eastlawn St Unit NA Detroit, MI | 3.0 | 1.5 | 1366 | $1,500 | $1.10 | 24d | 1 | 0.68mi |
| 13400 Longview St Detroit, MI | 3.0 | 1.5 | 1000 | $1,400 | $1.40 | 43d | 1 | 0.72mi |
| 12840 Kilbourne St Detroit, MI | 3.0 | 1.0 | 1136 | $1,350 | $1.19 | 17d | 1 | 0.87mi |
| 9190 Hayes St Unit 1 Detroit, MI | 2.0 | 1.0 | 750 | $850 | $1.13 | 15d | 1 | 0.91mi |
| 11765 Glenfield Ave Unit 1510880P Detroit, MI | 2.0 | 1.0 | 990 | $3,102 | $3.13 | 14d | 1 | 1.00mi |
| 5045 Fairview St Detroit, MI | 3.0 | 1.0 | 1303 | $1,200 | $0.92 | 43d | 1 | 1.08mi |
| 9168 Wayburn St Detroit, MI | 3.0 | 1.0 | 1274 | $1,300 | $1.02 | 20d | 1 | 1.17mi |
| 9516 Wayburn St Detroit, MI | 2.0 | 1.0 | 800 | $950 | $1.19 | 17d | 1 | 1.24mi |
| 9400 Lakepointe St Detroit, MI | 3.0 | 1.0 | 1300 | $1,150 | $0.88 | 5d | 1 | 1.25mi |
| 9755 Wayburn St Detroit, MI | 3.0 | 2.0 | 1498 | $1,400 | $0.93 | 3d | 1 | 1.25mi |
| 12740 August St Detroit, MI | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 5d | 1 | 1.25mi |
| 5747 Lakepointe St Detroit, MI | 3.0 | 1.5 | 1316 | $1,473 | $1.12 | 43d | 1 | 1.27mi |
| 12110 Christy St Detroit, MI | 2.0 | 1.5 | 950 | $1,200 | $1.26 | 17d | 1 | 1.28mi |
| 12112 Christy St Unit 12110 Detroit, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 43d | 1 | 1.28mi |
| 4055 Beniteau St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 17d | 1 | 1.33mi |
| 4487 French Rd Detroit, MI | 4.0 | 2.0 | 1280 | $1,800 | $1.41 | 43d | 1 | 1.41mi |
| 5751 Nottingham Rd Unit 5/21/26 Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 15d | 1 | 1.41mi |
| 10141 Roxbury St Detroit, MI | 3.0 | 1.0 | 1115 | $1,000 | $0.90 | 43d | 1 | 1.42mi |
| 10724 Whitehill St Detroit, MI | 3.0 | 3.0 | 1425 | $1,550 | $1.09 | 17d | 1 | 1.43mi |
| 3937 Beniteau St Unit 1 Detroit, MI | 2.0 | 1.0 | 1250 | $900 | $0.72 | 43d | 1 | 1.43mi |
| 3937 Beniteau St Detroit, MI | 2.0 | 1.0 | 900 | $950 | $1.06 | 15d | 1 | 1.43mi |
| 9927 Beaconsfield St Detroit, MI | 3.0 | 1.0 | 942 | $1,375 | $1.46 | 15d | 1 | 1.45mi |
| 10644 Stratman St Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 1.46mi |
| 10813 Whitehill St Detroit, MI | 3.0 | 1.0 | 1392 | $1,350 | $0.97 | 17d | 1 | 1.46mi |
| 14201 Mayfield St Detroit, MI | 4.0 | 1.5 | 1296 | $1,250 | $0.96 | 43d | 1 | 1.49mi |
| 9409 Balfour Rd Detroit, MI | 3.0 | 1.0 | 1195 | $1,200 | $1.00 | 43d | 1 | 1.50mi |
Listing history 27 events
-
2026-06-18days on market $75,000 Active 23 DOM
-
2026-06-17days on market $75,000 Active 22 DOM
-
2026-06-15days on market $75,000 Active 20 DOM
-
2026-06-13days on market $75,000 Active 18 DOM
-
2026-06-13days on market $75,000 Active 17 DOM
-
2026-06-09days on market $75,000 Active 14 DOM
-
2026-06-08days on market $75,000 Active 13 DOM
-
2026-06-07days on market $75,000 Active 12 DOM
-
2026-06-04days on market $75,000 Active 9 DOM
-
2026-06-03days on market $75,000 Active 8 DOM
-
2026-06-01days on market $75,000 Active 6 DOM
-
2026-05-31days on market $75,000 Active 5 DOM
-
2026-05-26$75,000 Active
-
2024-12-13soldstatus $45,000
-
2024-11-19soldstatus $45,000 Sold 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-11-19soldstatus $45,000 Closed 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-11-12status Pending 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-11-12status Pending 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-09-17price $64,900 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-09-17price $64,900 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-09-04price $69,000 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-09-03price $69,000 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-08-02price $78,000 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-08-02price $78,000 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-07-18$85,000 Active 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
-
2024-07-18$85,000 Active 764-char remark
Show marketing remark (764 chars)
Discover this charming 3-bedroom Updated Colonial in the heart of Chandler Park on Detroit's eastside. Located in an up-and-coming development area, this home features beautifully preserved hardwood floors throughout, adding elegance and warmth. The spacious living areas are perfect for entertaining, and the updated kitchen with stylish cabinetry is a chef's delight. Each of the three bedrooms offers a comforting and inviting feel, and the updated bathroom features contemporary fixtures. Outside, enjoy a well-maintained yard, perfect for outdoor activities. With close proximity to schools, parks, shopping, and dining, this home blends convenience and charm. Schedule your private showing today and experience this delightful Colonial home in Chandler Park!
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2007-09-05soldstatus $77,000
ⓘ 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
- $1,999 · $167/mo
- Projected year-2 tax
- $1,999 · $167/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 2/10 Low
- Heat 3/10 Moderate 7 d/yr ≥96°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
- $15,888
- − Mortgage interest
- −$4,201
- − Property taxes
- −$1,999
- − Insurance
- −$375
- − Repairs & maintenance
- −$1,271
- − Management
- −$1,271
- − Depreciation
- −$2,182
- Taxable income
- $4,590
- Est. tax owed @ 24.0%
- −$1,101
- After-tax cash flow
- $4,357/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)
- 20,075
- Household income
- $34,003
- Rent vs Own
- Severe rent burden
- 1202.0
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 (92%)
- Race & ethnicity
- Black 92% White 4% Hispanic / Latino 2% Two or more races 1%
- Common ancestry
- Slovak 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 97% English-only · Arabic 1% Spanish 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
- ▼ -122.86%
- Current HPI
- 217.2037
- 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
-2.6% since first listed15 events — show timeline
- 2026-05-26 Listed $75,000 FSBO.com
- 2024-12-13 Sold (Public Records) $45,000 Public Records
- 2024-11-19 Sold (MLS) $45,000 MiRealSource-MiMLS
- 2024-11-19 Sold (MLS) $45,000 REALCOMP
- 2024-11-12 Pending — MiRealSource-MiMLS
- 2024-11-12 Pending — REALCOMP
- 2024-09-17 Price Changed $64,900 MiRealSource-MiMLS
- 2024-09-17 Price Changed $64,900 REALCOMP
- 2024-09-04 Price Changed $69,000 MiRealSource-MiMLS
- 2024-09-03 Price Changed $69,000 REALCOMP
- 2024-08-02 Price Changed $78,000 MiRealSource-MiMLS
- 2024-08-02 Price Changed $78,000 REALCOMP
- 2024-07-18 Listed $85,000 MiRealSource-MiMLS
- 2024-07-18 Listed $85,000 REALCOMP
- 2007-09-05 Sold (Public Records) $77,000 Public Records
Property tax history
+0.5%/yrLatest (2025): $1,999 · +24.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…