19339 Mansfield St · Detroit, MI 48235

$105,900

3 bd · 1.0 ba · 995 sqft · SingleFamily public records · 90 Days on market

Built 1946 3,920 sqft lot $106/sqft · 72% above area

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.3/30.0
• 1% rule +8.1/10.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity! This 3-bedroom, 1-bathroom bungalow is a turn-key rental property with a long-term tenant currently paying $1,400 per month. The property offers immediate cash flow and is ideal for investors looking to add a performing asset to their portfolio. Conveniently located with strong rental demand. Property is registered with the city of Detroit and has the certificate of compliance. Showings with accepted offer only. Proof of funds dated within the past 30 days required. * * * Please DO NOT DISTURB THE TENANT!! * * *

Key facts

• 3,920 sq ft lot
• Garage
• Built 1946

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $106k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $106k).
• Recommended offer: $100k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.2%/yr); 283 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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).
• This rent runs 43% of the median local income ($39k/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 $732 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 23y 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 $51k; list at $106k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,546 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.31% ✓
• Cap rate: 8.71%
• Cash-on-cash: 8.64%
• DSCR: 1.38
• GRM: 6.3

CMA / ARV

• ARV (median comp): $61,779
• List price: $105,900
• Delta: 71.42%
• 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
16442 Pembroke Ave	0.38mi	3/1.0	1,050 (+6%)	4mo	$40,000	$38	70
18937 Lindsay St	0.47mi	3/1.0	951 (-4%)	2mo	$59,000	$62	69
19950 Oakfield St	0.60mi	3/1.0	1,001 (+1%)	5mo	$40,000	$40	67
19152 Whitcomb St	0.50mi	2/1.5 (-1)	1,012 (+2%)	1mo	$110,000	$109	66
19160 Gilchrist St	0.34mi	3/1.0	1,100 (+11%)	5mo	$85,000	$77	63
19975 Ferguson St	0.49mi	3/1.0	889 (-11%)	1mo	$50,650	$57	59
20232 Prevost St	0.61mi	3/1.0	933 (-6%)	4mo	$110,000	$118	58
19365 Fenmore St	0.62mi	3/1.0	912 (-8%)	1mo	$94,900	$104	57
19338 Fenmore St	0.59mi	3/1.0	1,120 (+13%)	1mo	$116,000	$104	51
20253 Winthrop St	0.66mi	3/1.0	1,093 (+10%)	5mo	$145,900	$133	49
19900 Southfield Rd	0.71mi	3/1.0	898 (-10%)	4mo	$110,000	$122	47
18239 Saint Marys St	0.65mi	3/1.0	1,136 (+14%)	1mo	$124,900	$110	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.25% rent growth · sell at horizon

5-year hold

• IRR: -2.8%
• Equity multiple: 0.90×
• Total profit: $-3,097
• Equity at exit: $15,790

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $16,730
• Equity at exit: $9,156

Cash invested: $29,652 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48235

• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,392 high
• Mortgage (P&I): −$555
• Tax from tax record: −$287 /mo · $3,443/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $213

Break-even live

Break-even rent $1,122

Max offer price $105,900

Occupancy floor 80%

Sensitivity live

Price	-10% $273	-5% $243	+0% $213	+5% $184	+10% $154
Rent	-10% $103	-5% $158	+0% $213	+5% $268	+10% $323
Rate	-1.0pp $267	-0.5pp $240	base $213	+0.5pp $186	+1.0pp $158

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: $26,475
• Closing costs: $3,177
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	25d	1	0.15mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	17d	1	0.15mi
19736 Gilchrist St Detroit, MI	2.0	1.0	696	$995	$1.43	13d	1	0.37mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	4d	1	0.56mi
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	17d	1	0.62mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	25d	1	0.63mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	20d	1	0.63mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	5d	1	0.63mi
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	44d	1	0.64mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	5d	1	0.66mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	15d	1	0.70mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	44d	1	0.73mi
20314 Gilchrist St Detroit, MI	3.0	1.0	1042	$1,500	$1.44	5d	1	0.74mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	44d	1	0.75mi
20259 Oakfield St Detroit, MI	3.0	1.0	1056	$1,250	$1.18	17d	1	0.77mi
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	15d	5	0.77mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	17d	1	0.81mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	44d	1	0.81mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	25d	1	1.01mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	44d	1	1.03mi
20527 Rosemont Ave Detroit, MI	2.0	2.0	975	$1,528	$1.57	44d	1	1.06mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	44d	1	1.08mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	1.12mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	2d	1	1.12mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	15d	1	1.28mi
18699 Shaftsbury Ave Detroit, MI	2.0	1.0	800	$1,000	$1.25	44d	1	1.28mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	5d	1	1.28mi
18659 Shaftsbury Ave Detroit, MI	3.0	1.0	763	$1,373	$1.80	13d	1	1.29mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	17d	1	1.31mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	44d	1	1.34mi
19474 Schaefer Hwy Detroit, MI	2.0	1.0	896	$1,075	$1.20	5d	1	1.38mi
18512 Schaefer Hwy Detroit, MI	2.0	1.0	962	$1,200	$1.25	25d	1	1.43mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,550	$1.53	25d	1	1.47mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	1.48mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	44d	1	1.48mi

Listing history 45 events

1. 2026-06-09
   days on market $105,900 Active 90 DOM
2. 2026-06-08
   days on market $105,900 Active 89 DOM
3. 2026-06-07
   days on market $105,900 Active 88 DOM
4. 2026-06-04
   days on market $105,900 Active 85 DOM
5. 2026-06-03
   days on market $105,900 Active 84 DOM
6. 2026-06-01
   days on market $105,900 Active 82 DOM
7. 2026-05-31
   days on market $105,900 Active 81 DOM
8. 2026-03-11
   listed $105,900 Active 551-char remark

   Show marketing remark (551 chars)

   Great investment opportunity! This 3-bedroom, 1-bathroom bungalow is a turn-key rental property with a long-term tenant currently paying $1,400 per month. The property offers immediate cash flow and is ideal for investors looking to add a performing asset to their portfolio. Conveniently located with strong rental demand. Property is registered with the city of Detroit and has the certificate of compliance. Showings with accepted offer only. Proof of funds dated within the past 30 days required. * * * Please DO NOT DISTURB THE TENANT!! * * *

9. 2026-03-11
   listed $105,900 Active 551-char remark

   Show marketing remark (551 chars)

   Great investment opportunity! This 3-bedroom, 1-bathroom bungalow is a turn-key rental property with a long-term tenant currently paying $1,400 per month. The property offers immediate cash flow and is ideal for investors looking to add a performing asset to their portfolio. Conveniently located with strong rental demand. Property is registered with the city of Detroit and has the certificate of compliance. Showings with accepted offer only. Proof of funds dated within the past 30 days required. * * * Please DO NOT DISTURB THE TENANT!! * * *

10. 2026-03-06
    historical $1,400
11. 2026-03-04
    historical
12. 2026-03-04
    historical
13. 2026-02-10
    listed $1,400
14. 2026-01-27
    price $105,900
15. 2026-01-26
    price $105,900
16. 2026-01-14
    price $109,900
17. 2026-01-13
    price $109,900
18. 2025-10-17
    price $117,900
19. 2025-10-16
    price $117,900
20. 2025-09-26
    price $120,000
21. 2025-09-26
    price $120,000
22. 2025-09-03
    listed $125,000 Active
23. 2025-09-03
    listed $125,000 Active
24. 2025-01-10
    historical $1,400
25. 2024-12-20
    listed $1,400
26. 2024-12-20
    historical $1,400
27. 2024-12-18
    listed $1,400
28. 2024-12-18
    historical $1,400
29. 2024-12-17
    listed $1,400
30. 2018-08-08
    soldstatus $51,400
31. 2008-06-04
    soldstatus $117,000
32. 2007-10-18
    soldstatus $18,500
33. 2007-10-18
    soldstatus $18,500
34. 2007-08-21
    historical
35. 2007-07-10
    listed $29,500
36. 2007-07-10
    listed $29,500
37. 2006-10-26
    historical
38. 2006-03-23
    listed $90,000
39. 2005-05-18
    soldstatus $125,500
40. 2004-05-03
    soldstatus $12,500
41. 2004-04-01
    historical
42. 2004-04-01
    listed $13,900
43. 2003-09-24
    historical
44. 2003-04-10
    listed $45,000
45. 1992-10-21
    soldstatus $14,004

ⓘ 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: $3,443 · $287/mo
• Projected year-2 tax: $3,443 · $287/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

Taxation est. · year 1

• Rental income: $16,706
• − Mortgage interest: −$5,932
• − Property taxes: −$3,443
• − Insurance: −$530
• − Repairs & maintenance: −$1,337
• − Management: −$1,337
• − Depreciation: −$3,081
• Taxable income: $1,048
• Est. tax owed @ 24.0%: −$252
• After-tax cash flow: $2,310/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): 45,600
• Household income: $39,265
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 3064.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · 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: ▼ -153.02%
• Current HPI: 263.6326
• Rent YoY: ▲ 3.25%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+656.2% since first listed

38 events — show timeline

• 2026-03-11 Listed $105,900 REALCOMP
• 2026-03-11 Listed $105,900 MiRealSource-MiMLS
• 2026-03-06 Rental Removed $1,400 REALSOURCE
• 2026-03-04 Listing Removed — REALCOMP
• 2026-03-04 Listing Removed — MiRealSource-MiMLS
• 2026-02-10 Listed for Rent $1,400 REALSOURCE
• 2026-01-27 Price Changed $105,900 MiRealSource-MiMLS
• 2026-01-26 Price Changed $105,900 REALCOMP
• 2026-01-14 Price Changed $109,900 MiRealSource-MiMLS
• 2026-01-13 Price Changed $109,900 REALCOMP
• 2025-10-17 Price Changed $117,900 MiRealSource-MiMLS
• 2025-10-16 Price Changed $117,900 REALCOMP
• 2025-09-26 Price Changed $120,000 MiRealSource-MiMLS
• 2025-09-26 Price Changed $120,000 REALCOMP
• 2025-09-03 Listed $125,000 MiRealSource-MiMLS
• 2025-09-03 Listed $125,000 REALCOMP
• 2025-01-10 Rental Removed $1,400 REALSOURCE
• 2024-12-20 Listed for Rent $1,400 REALSOURCE
• 2024-12-20 Rental Removed $1,400 REALCOMP
• 2024-12-18 Listed for Rent $1,400 REALCOMP
• 2024-12-18 Rental Removed $1,400 REALCOMP
• 2024-12-17 Listed for Rent $1,400 REALCOMP
• 2018-08-08 Sold (Public Records) $51,400 Public Records
• 2008-06-04 Sold (Public Records) $117,000 Public Records
• 2007-10-18 Sold (MLS) $18,500 REALCOMP
• 2007-10-18 Sold (MLS) $18,500 MiRealSource-MiMLS
• 2007-08-21 Listing Removed — MiRealSource-MiMLS
• 2007-07-10 Listed $29,500 REALCOMP
• 2007-07-10 Listed $29,500 MiRealSource-MiMLS
• 2006-10-26 Listing Removed — REALCOMP
• 2006-03-23 Listed $90,000 REALCOMP
• 2005-05-18 Sold (Public Records) $125,500 Public Records
• 2004-05-03 Sold (MLS) $12,500 MiRealSource-MiMLS
• 2004-04-01 Listed $13,900 MiRealSource-MiMLS
• 2004-04-01 Listing Removed — MiRealSource-MiMLS
• 2003-09-24 Listing Removed — REALCOMP
• 2003-04-10 Listed $45,000 REALCOMP
• 1992-10-21 Sold (Public Records) $14,004 Public Records

Property tax history

+24.7%/yr

Latest (2025): $3,443 · +102.6% YoY. Source: county tax records.