19804 Harper Ave #202 · Harper Woods, MI 48225

$40,000

1 bd · 1.0 ba · 800 sqft · Condo · 337 Days on market

Built 1966 $375/mo HOA

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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
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

Key facts

• $375 HOA
• Built 1966
• Listed 337 days

🏢 Co-op / cooperative unit. The $40,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $40k.

Deal economics

• At list price, monthly cash flow is $290 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 7.7% in Harper Woods — 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 (#199 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, health & safety D+, schools D-.
• Harper Woods School District (suburban): math 4% / reading 15% proficiency, ranked #524 of 540 in MI (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.1%/yr); 133 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $277 of loan paydown is wiped out by about $1k 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 + 5.1% rent growth), your $11k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 337 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 5y 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 $30k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.

Recommended offer $35,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 337 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 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.98% ✓
• Cap rate: 14.99%
• Cash-on-cash: 31.05%
• DSCR: 2.38
• GRM: 2.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.1% rent growth · sell at horizon

5-year hold

• IRR: 30.1%
• Equity multiple: 2.32×
• Total profit: $14,792
• Equity at exit: $5,964

10-year hold

• IRR: 39.3%
• Equity multiple: 5.34×
• Total profit: $48,663
• Equity at exit: $3,458

Cash invested: $11,200 (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 48225

• Rents YoY: 5.1%
• Active inventory: 133
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,191 high
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$375
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $290

Break-even live

Break-even rent $825

Max offer price $40,000

Occupancy floor 71%

Sensitivity live

Price	-10% $317	-5% $304	+0% $290	+5% $276	+10% $262
Rent	-10% $196	-5% $243	+0% $290	+5% $337	+10% $384
Rate	-1.0pp $310	-0.5pp $300	base $290	+0.5pp $279	+1.0pp $269

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19203 Edgefield St Harper Woods, MI	2.0	1.0	1100	$1,100	$1.00	25d	1	0.70mi
21301 Kingsville St Apt 108 Harper Woods, MI	1.0	1.0	700	$900	$1.29	4d	1	0.74mi
21401 Kingsville St Harper Woods, MI	2.0	1.0	944	$1,200	$1.27	25d	1	0.79mi
2037 Vernier Rd Grosse Pointe Woods, MI	2.0	1.0	850	$1,350	$1.59	44d	1	0.83mi
20600 Balfour St Harper Woods, MI	1.0–2.0	1.0–2.0	971	$1,353	$1.39	0d	14	0.92mi
2175 Ridgemont Rd Grosse Pointe Woods, MI	2.0	1.0	1100	$1,300	$1.18	44d	1	1.04mi
19639 Moross Rd Unit 1 Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	1.06mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	44d	1	1.12mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	44d	1	1.12mi
22144 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,350	$1.65	3d	1	1.21mi
22144 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,350	$1.65	18d	1	1.21mi
22148 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,250	$1.53	18d	1	1.22mi
22148 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,250	$1.53	3d	1	1.22mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	44d	1	1.32mi
11529 Roxbury St Detroit, MI	2.0	1.0	720	$1,200	$1.67	13d	1	1.47mi

HOA detail condo

• Monthly dues: $375 · $4,500/yr
• Likely covers: electriccable
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 38 events

1. 2026-04-21
   status Pending

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

2. 2026-04-21
   status Pending 756-char remark

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

3. 2025-12-09
   status Active 756-char remark

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

4. 2025-12-09
   status Active

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

5. 2025-09-08
   historical Accepting Backup Offers 756-char remark

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

6. 2025-09-08
   historical Active Under Contract

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

7. 2025-06-30
   status Active 756-char remark

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

8. 2025-06-30
   status Active

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

9. 2025-06-06
   status Pending 756-char remark

   Show marketing remark (756 chars)

   Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

10. 2025-06-06
    status Pending

    Show marketing remark (756 chars)

    Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

11. 2025-04-26
    listed $40,000 Active 756-char remark

    Show marketing remark (756 chars)

    Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

12. 2025-04-26
    listed $40,000 Active

    Show marketing remark (756 chars)

    Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

13. 2025-04-23
    historical $40,000 756-char remark

    Show marketing remark (756 chars)

    Enjoy affordable co-op living in the heart of Harper Woods! Conveniently located with quick freeway access and just minutes from Grosse Pointe's popular shops and dining spots. This charming second-floor end unit offers an open-concept layout filled with natural light. The spacious living area boasts a serene view, while the updated kitchen features stylish subway tile and sleek stainless steel appliances. The generous primary bedroom includes an oversized walk-in closet for ample storage. Laundry facilities and a private storage space are located in the basement, and a high-end washer and dryer may be negotiable. Owner-occupants only – no rentals permitted per co-op rules. Co-op fee covers everything except electric and cable!

14. 2024-12-11
    status Pending 920-char remark

    Show marketing remark (920 chars)

    Affordable Co-Op living in Harper Woods! Great location- Easy access to major freeways and just minutes to Grosse Pointe's shopping & restaurants. Beautiful 2nd floor end unit features an open concept living space. Large living room with a nice open view. Beautifully updated kitchen with subway tile backsplash and stainless steel appliances. Large master bedroom with oversized walk-in-closet. Laundry (high-end washer and dryer is negotiable) and private storage area in the basement. Cash Sale Only! Owner occupant ONLY – rentals are not allowed by the Co-Op. The monthly fee of $375 covers TAXES, heat, gas, water, outside insurance, and outside maintenance including snow, grass, and common areas. Co-owner pays electric and cable only! Funds for purchase cannot be borrowed or loaned. Assets to be verified in Purchasers name. All applicants must be interviewed and approved by the Board.

15. 2024-12-10
    soldstatus $30,000 Sold

    Show marketing remark (920 chars)

    Affordable Co-Op living in Harper Woods! Great location- Easy access to major freeways and just minutes to Grosse Pointe's shopping & restaurants. Beautiful 2nd floor end unit features an open concept living space. Large living room with a nice open view. Beautifully updated kitchen with subway tile backsplash and stainless steel appliances. Large master bedroom with oversized walk-in-closet. Laundry (high-end washer and dryer is negotiable) and private storage area in the basement. Cash Sale Only! Owner occupant ONLY – rentals are not allowed by the Co-Op. The monthly fee of $375 covers TAXES, heat, gas, water, outside insurance, and outside maintenance including snow, grass, and common areas. Co-owner pays electric and cable only! Funds for purchase cannot be borrowed or loaned. Assets to be verified in Purchasers name. All applicants must be interviewed and approved by the Board.

16. 2024-12-10
    soldstatus $30,000 Closed 920-char remark

    Show marketing remark (920 chars)

    Affordable Co-Op living in Harper Woods! Great location- Easy access to major freeways and just minutes to Grosse Pointe's shopping & restaurants. Beautiful 2nd floor end unit features an open concept living space. Large living room with a nice open view. Beautifully updated kitchen with subway tile backsplash and stainless steel appliances. Large master bedroom with oversized walk-in-closet. Laundry (high-end washer and dryer is negotiable) and private storage area in the basement. Cash Sale Only! Owner occupant ONLY – rentals are not allowed by the Co-Op. The monthly fee of $375 covers TAXES, heat, gas, water, outside insurance, and outside maintenance including snow, grass, and common areas. Co-owner pays electric and cable only! Funds for purchase cannot be borrowed or loaned. Assets to be verified in Purchasers name. All applicants must be interviewed and approved by the Board.

17. 2024-10-21
    historical Accepting Backup Offers 920-char remark

    Show marketing remark (920 chars)

    Affordable Co-Op living in Harper Woods! Great location- Easy access to major freeways and just minutes to Grosse Pointe's shopping & restaurants. Beautiful 2nd floor end unit features an open concept living space. Large living room with a nice open view. Beautifully updated kitchen with subway tile backsplash and stainless steel appliances. Large master bedroom with oversized walk-in-closet. Laundry (high-end washer and dryer is negotiable) and private storage area in the basement. Cash Sale Only! Owner occupant ONLY – rentals are not allowed by the Co-Op. The monthly fee of $375 covers TAXES, heat, gas, water, outside insurance, and outside maintenance including snow, grass, and common areas. Co-owner pays electric and cable only! Funds for purchase cannot be borrowed or loaned. Assets to be verified in Purchasers name. All applicants must be interviewed and approved by the Board.

18. 2024-10-21
    historical Accepting Backup Offers

    Show marketing remark (920 chars)

    Affordable Co-Op living in Harper Woods! Great location- Easy access to major freeways and just minutes to Grosse Pointe's shopping & restaurants. Beautiful 2nd floor end unit features an open concept living space. Large living room with a nice open view. Beautifully updated kitchen with subway tile backsplash and stainless steel appliances. Large master bedroom with oversized walk-in-closet. Laundry (high-end washer and dryer is negotiable) and private storage area in the basement. Cash Sale Only! Owner occupant ONLY – rentals are not allowed by the Co-Op. The monthly fee of $375 covers TAXES, heat, gas, water, outside insurance, and outside maintenance including snow, grass, and common areas. Co-owner pays electric and cable only! Funds for purchase cannot be borrowed or loaned. Assets to be verified in Purchasers name. All applicants must be interviewed and approved by the Board.

19. 2024-02-16
    listed $40,000 Active

    Show marketing remark (920 chars)

    Affordable Co-Op living in Harper Woods! Great location- Easy access to major freeways and just minutes to Grosse Pointe's shopping & restaurants. Beautiful 2nd floor end unit features an open concept living space. Large living room with a nice open view. Beautifully updated kitchen with subway tile backsplash and stainless steel appliances. Large master bedroom with oversized walk-in-closet. Laundry (high-end washer and dryer is negotiable) and private storage area in the basement. Cash Sale Only! Owner occupant ONLY – rentals are not allowed by the Co-Op. The monthly fee of $375 covers TAXES, heat, gas, water, outside insurance, and outside maintenance including snow, grass, and common areas. Co-owner pays electric and cable only! Funds for purchase cannot be borrowed or loaned. Assets to be verified in Purchasers name. All applicants must be interviewed and approved by the Board.

20. 2024-02-16
    listed $40,000 Active 920-char remark

    Show marketing remark (920 chars)

    Affordable Co-Op living in Harper Woods! Great location- Easy access to major freeways and just minutes to Grosse Pointe's shopping & restaurants. Beautiful 2nd floor end unit features an open concept living space. Large living room with a nice open view. Beautifully updated kitchen with subway tile backsplash and stainless steel appliances. Large master bedroom with oversized walk-in-closet. Laundry (high-end washer and dryer is negotiable) and private storage area in the basement. Cash Sale Only! Owner occupant ONLY – rentals are not allowed by the Co-Op. The monthly fee of $375 covers TAXES, heat, gas, water, outside insurance, and outside maintenance including snow, grass, and common areas. Co-owner pays electric and cable only! Funds for purchase cannot be borrowed or loaned. Assets to be verified in Purchasers name. All applicants must be interviewed and approved by the Board.

21. 2023-11-23
    historical
22. 2023-03-18
    listed $37,500
23. 2022-01-26
    soldstatus $22,500 Sold
24. 2022-01-26
    soldstatus $22,500 Closed
25. 2022-01-10
    status Pending
26. 2022-01-10
    status Pending
27. 2022-01-07
    listed $22,500 Active
28. 2022-01-07
    listed $22,500 Active
29. 2022-01-06
    historical
30. 2021-12-03
    status Pending
31. 2021-12-03
    status Pending
32. 2021-12-03
    historical
33. 2021-11-17
    status Active
34. 2021-11-17
    status Active
35. 2021-10-30
    status Pending
36. 2021-10-30
    status Pending
37. 2021-10-27
    listed $22,500 Active
38. 2021-10-27
    listed $22,500 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,297
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,144
• − Management: −$1,144
• − HOA: −$4,500
• − Depreciation: −$1,164
• Taxable income: $3,305
• Est. tax owed @ 24.0%: −$793
• After-tax cash flow: $2,684/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: Harper Woods School District
• NCES district ID: 2617760
• Math proficiency: 4% ▼ -7.00%
• Reading proficiency: 15% ▼ -9.00%
• Median HH income: $46,155
• Composite: 8.8/100
• National rank: #9892
• State rank: #524 of 540 in MI

Livability — Harper Woods

• Score: 73/100
• State rank: #199
• US rank: #5054

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harper Woods, MI
• County: Wayne County · 1,562,939 people
• City population: 16,098
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 16,098
• Household income: $61,750
• Rent vs Own: 33.8% rent · 66.2% own
• Severe rent burden: 410.0

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 (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Lithuanian 1% German 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Arabic 2% 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: ▼ -150.40%
• Current HPI: 181.4961
• Rent YoY: ▲ 5.10%
• 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

+77.8% since first listed

38 events — show timeline

• 2026-04-21 Pending — REALCOMP
• 2026-04-21 Pending — MiRealSource-MiMLS
• 2025-12-09 Relisted — MiRealSource-MiMLS
• 2025-12-09 Relisted — REALCOMP
• 2025-09-08 Contingent — MiRealSource-MiMLS
• 2025-09-08 Contingent — REALCOMP
• 2025-06-30 Relisted — MiRealSource-MiMLS
• 2025-06-30 Relisted — REALCOMP
• 2025-06-06 Pending — MiRealSource-MiMLS
• 2025-06-06 Pending — REALCOMP
• 2025-04-26 Listed $40,000 MiRealSource-MiMLS
• 2025-04-26 Listed $40,000 REALCOMP
• 2025-04-23 Coming Soon $40,000 MiRealSource-MiMLS
• 2024-12-11 Pending — MiRealSource-MiMLS
• 2024-12-10 Sold (MLS) $30,000 MiRealSource-MiMLS
• 2024-12-10 Sold (MLS) $30,000 REALCOMP
• 2024-10-21 Contingent — MiRealSource-MiMLS
• 2024-10-21 Contingent — REALCOMP
• 2024-02-16 Listed $40,000 MiRealSource-MiMLS
• 2024-02-16 Listed $40,000 REALCOMP
• 2023-11-23 Listing Removed — REALCOMP
• 2023-03-18 Listed $37,500 REALCOMP
• 2022-01-26 Sold (MLS) $22,500 MiRealSource-MiMLS
• 2022-01-26 Sold (MLS) $22,500 REALCOMP
• 2022-01-10 Pending — MiRealSource-MiMLS
• 2022-01-10 Pending — REALCOMP
• 2022-01-07 Listed $22,500 MiRealSource-MiMLS
• 2022-01-07 Listed $22,500 REALCOMP
• 2022-01-06 Listing Removed — REALCOMP
• 2021-12-03 Pending — MiRealSource-MiMLS
• 2021-12-03 Pending — REALCOMP
• 2021-12-03 Listing Removed — MiRealSource-MiMLS
• 2021-11-17 Relisted — MiRealSource-MiMLS
• 2021-11-17 Relisted — REALCOMP
• 2021-10-30 Pending — MiRealSource-MiMLS
• 2021-10-30 Pending — REALCOMP
• 2021-10-27 Listed $22,500 MiRealSource-MiMLS
• 2021-10-27 Listed $22,500 REALCOMP