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12361 Evanston St
B- Composite 67.46
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

12361 Evanston St · Detroit, MI 48213
3 bd · 1.0 ba · 1,175 sqft · SingleFamily public records · 23 Days on market
Built 1940 ↓ 3% since listing

🖨 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

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 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.
Recommended offer $73,875 (1.5% below list)

Questions for the listing agent

  1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  5. 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?
  6. 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.
  7. 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.
  8. 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

5-year hold
IRR
19.7%
Equity multiple
1.80×
Total profit
$16,882
Equity at exit
$11,183
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $748
Max offer price $75,000
Occupancy floor 61%

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

AddressBedsBaths SqftRent$/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

  1. 2026-06-18
    days on market $75,000 Active 23 DOM
  2. 2026-06-17
    days on market $75,000 Active 22 DOM
  3. 2026-06-15
    days on market $75,000 Active 20 DOM
  4. 2026-06-13
    days on market $75,000 Active 18 DOM
  5. 2026-06-13
    days on market $75,000 Active 17 DOM
  6. 2026-06-09
    days on market $75,000 Active 14 DOM
  7. 2026-06-08
    days on market $75,000 Active 13 DOM
  8. 2026-06-07
    days on market $75,000 Active 12 DOM
  9. 2026-06-04
    days on market $75,000 Active 9 DOM
  10. 2026-06-03
    days on market $75,000 Active 8 DOM
  11. 2026-06-01
    days on market $75,000 Active 6 DOM
  12. 2026-05-31
    days on market $75,000 Active 5 DOM
  13. 2026-05-26
    listed $75,000 Active
  14. 2024-12-13
    soldstatus $45,000
  15. 2024-11-19
    soldstatus $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!

  16. 2024-11-19
    soldstatus $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!

  17. 2024-11-12
    status 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!

  18. 2024-11-12
    status 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!

  19. 2024-09-17
    price $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!

  20. 2024-09-17
    price $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!

  21. 2024-09-04
    price $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!

  22. 2024-09-03
    price $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!

  23. 2024-08-02
    price $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!

  24. 2024-08-02
    price $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!

  25. 2024-07-18
    listed $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!

  26. 2024-07-18
    listed $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!

  27. 2007-09-05
    soldstatus $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
combined federal + state — saved on this device
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

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)
20,075
Household income
$34,003
Rent vs Own
41.6% rent · 58.4% 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

Price history

-2.6% since first listed
15 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%/yr

Latest (2025): $1,999 · +24.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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