15330 Asbury Park · Detroit, MI 48227

$123,500

4 bd · 1.5 ba · 1,583 sqft · SingleFamily public records · 49 Days on market

Built 1927 5,227 sqft lot $78/sqft · at area comps Est $158k · 22% under

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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 +27.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.6/10.0
• 1% rule +7.1/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows - recently replaced (ALL NEW Windows) - bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared - just move in and enjoy! This one won't last priced to sell !!!!!

Key facts

• 5,227 sq ft lot
• Built 1927
• Listed 49 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $124k).
• Recommended offer: $120k (3.0% 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 fast (+5.6%/yr); 385 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 $1,493/mo this rent would consume 49% of the median local household income ($37k/yr) (locally 2371% 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 $854 of loan paydown is wiped out by about $4k 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 + 5.6% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($120k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 15y 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 $54k; list at $124k implies a 127% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $119,795 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.21% ✓
• Cap rate: 9.82%
• Cash-on-cash: 12.58%
• DSCR: 1.56
• GRM: 6.9

CMA / ARV

• ARV (median comp): $158,188
• List price: $123,500
• Delta: -21.93%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15357 Rutherford St	0.20mi	3/1.5 (-1)	1,592 (+1%)	2mo	$45,000	$28	83
15762 Ferguson St	0.28mi	4/2.0	1,510 (-5%)	4mo	$82,000	$54	74
15482 Rutherford St	0.27mi	3/1.0 (-1)	1,653 (+4%)	0mo	$65,000	$39	73
15361 Mansfield St	0.15mi	4/1.0	1,766 (+12%)	2mo	$65,000	$37	70
15455 Lindsay St St	0.28mi	3/2.0 (-1)	1,500 (-5%)	4mo	$198,000	$132	68
15501 Whitcomb St	0.62mi	4/1.5	1,609 (+2%)	1mo	$90,000	$56	67
15530 Winthrop St	0.47mi	3/1.0 (-1)	1,573 (-1%)	3mo	$60,000	$38	67
14689 Forrer St	0.51mi	3/1.5 (-1)	1,627 (+3%)	3mo	$65,000	$40	64
14529 Asbury Park	0.51mi	4/2.0	1,688 (+7%)	4mo	$127,500	$76	60
16601 Ferguson St	0.68mi	3/2.5 (-1)	1,625 (+3%)	1mo	$189,900	$117	54
14837 Ashton Rd	0.68mi	3/1.5 (-1)	1,386 (-12%)	2mo	$200,000	$144	41
16533 Harlow St	0.71mi	3/1.5 (-1)	1,385 (-12%)	2mo	$83,989	$61	40

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 5.1%
• Equity multiple: 1.20×
• Total profit: $7,066
• Equity at exit: $18,414

10-year hold

• IRR: 16.7%
• Equity multiple: 2.54×
• Total profit: $53,151
• Equity at exit: $10,678

Cash invested: $34,580 (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 48227

• Rents YoY: 5.6%
• Active inventory: 385
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,493 high
• Mortgage (P&I): −$648
• Tax from tax record: −$118 /mo · $1,413/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $362

Break-even live

Break-even rent $1,034

Max offer price $123,500

Occupancy floor 71%

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: $30,875
• Closing costs: $3,705
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	17d	1	0.10mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	0.20mi
14800 Woodmont Ave Detroit, MI	3.0	2.0	1612	$1,525	$0.95	15d	1	0.25mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	44d	1	0.31mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	5d	1	0.34mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	24d	1	0.43mi
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	44d	1	0.54mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	3d	1	0.56mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	15d	1	0.59mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	24d	1	0.62mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	44d	1	0.77mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	17d	1	0.83mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	24d	1	0.87mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	15d	1	0.93mi
16837 Winthrop St Detroit, MI	5.0	2.0	1500	$2,000	$1.33	20d	1	0.95mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	44d	1	0.97mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	44d	1	1.02mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	2d	1	1.05mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	5d	1	1.12mi
16757 Greenview Ave Unit 1A Detroit, MI	3.0	1.5	1600	$1,500	$0.94	5d	1	1.14mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	44d	1	1.14mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	17d	1	1.15mi
16823 Stahelin Ave Detroit, MI	3.0	2.5	1500	$1,600	$1.07	18d	1	1.27mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	3d	1	1.29mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	44d	1	1.32mi
13581 Penrod St Detroit, MI	4.0	1.0	1152	$1,200	$1.04	44d	1	1.33mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	12d	1	1.36mi
13279 Coyle St Detroit, MI	3.0	1.0	1444	$1,373	$0.95	44d	1	1.37mi
15829 Minock St Detroit, MI	3.0	1.5	1200	$1,550	$1.29	24d	1	1.37mi
16505 Stansbury St Detroit, MI	3.0	1.0	1700	$1,345	$0.79	44d	1	1.45mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	11d	1	1.45mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	17d	1	1.45mi

Listing history 26 events

1. 2026-04-24
   price $123,500 1149-char remark

   Show marketing remark (1149 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows - recently replaced (ALL NEW Windows) - bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared - just move in and enjoy! This one won't last priced to sell !!!!!

2. 2026-04-23
   price $123,500 1161-char remark

   Show marketing remark (1161 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows—recently replaced (ALL NEW Windows) —bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared—just move in and enjoy! This one won't last priced to sell !!!!!

3. 2026-04-20
   status Active 1149-char remark

   Show marketing remark (1149 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows - recently replaced (ALL NEW Windows) - bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared - just move in and enjoy! This one won't last priced to sell !!!!!

4. 2026-04-19
   status Active 1161-char remark

   Show marketing remark (1161 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows—recently replaced (ALL NEW Windows) —bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared—just move in and enjoy! This one won't last priced to sell !!!!!

5. 2026-04-17
   historical Accepting Backup Offers 1149-char remark

   Show marketing remark (1161 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows—recently replaced (ALL NEW Windows) —bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared—just move in and enjoy! This one won't last priced to sell !!!!!

6. 2026-04-17
   historical Active Under Contract 1161-char remark

   Show marketing remark (1161 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows—recently replaced (ALL NEW Windows) —bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared—just move in and enjoy! This one won't last priced to sell !!!!!

7. 2026-04-03
   listed $124,900 Active 1149-char remark

   Show marketing remark (1161 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows—recently replaced (ALL NEW Windows) —bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared—just move in and enjoy! This one won't last priced to sell !!!!!

8. 2026-04-03
   listed $124,900 Active 1161-char remark

   Show marketing remark (1161 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows—recently replaced (ALL NEW Windows) —bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared—just move in and enjoy! This one won't last priced to sell !!!!!

9. 2026-04-01
   historical $124,900 1149-char remark

   Show marketing remark (1149 chars)

   Beautifully updated 1,600 sq ft colonial offering the perfect blend of modern upgrades and classic charm! This move-in-ready home features all new flooring throughout, a completely renovated kitchen with stylish finishes, and two updated bathrooms. Freshly painted from top to bottom, every detail has been thoughtfully refreshed. Exterior has also been painted to brighten up this beauitiful colonial home. Enjoy cozy evenings in the living room with a natural fireplace, while large windows - recently replaced (ALL NEW Windows) - bring in abundant natural light. Major mechanical updates include a new furnace (2026), newer hot water tank (2025), and a brand-new roof (2025), giving peace of mind for years to come. Spacious room sizes throughout provide comfort and flexibility, and the large fenced-in backyard is perfect for entertaining, pets, or relaxing outdoors. Ideally located in a growing, up-and-coming area close to Rosedale Park area, shopping, schools, transit, and major freeways, this home offers both convenience and lifestyle. Truly turnkey with nothing spared - just move in and enjoy! This one won't last priced to sell !!!!!

10. 2026-02-28
    listed $33,000
11. 2026-02-28
    historical
12. 2015-02-03
    historical
13. 2014-12-04
    soldstatus $54,350
14. 2014-04-26
    listed $900
15. 2014-04-16
    soldstatus $7,419
16. 2014-04-16
    soldstatus $7,419
17. 2014-03-24
    historical
18. 2014-02-17
    listed $9,900
19. 2014-02-17
    listed $9,900
20. 2012-12-31
    historical
21. 2012-12-31
    historical
22. 2011-04-08
    listed $9,500
23. 2011-04-08
    listed $9,500
24. 2006-05-26
    soldstatus $88,000
25. 1997-12-16
    soldstatus $16,427
26. 1992-06-26
    soldstatus $30,000

ⓘ 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: $1,413 · $118/mo
• Projected year-2 tax: $1,657 · $138/mo
• Expected delta: +$244/yr (+$20/mo · 17.3%)

ⓘ 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: $17,914
• − Mortgage interest: −$6,918
• − Property taxes: −$1,413
• − Insurance: −$618
• − Repairs & maintenance: −$1,433
• − Management: −$1,433
• − Depreciation: −$3,593
• Taxable income: $2,507
• Est. tax owed @ 24.0%: −$602
• After-tax cash flow: $3,748/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

+311.7% since first listed

26 events — show timeline

• 2026-04-24 Price Changed $123,500 MiRealSource-MiMLS
• 2026-04-23 Price Changed $123,500 REALCOMP
• 2026-04-20 Relisted — MiRealSource-MiMLS
• 2026-04-19 Relisted — REALCOMP
• 2026-04-17 Contingent — MiRealSource-MiMLS
• 2026-04-17 Contingent — REALCOMP
• 2026-04-03 Listed $124,900 MiRealSource-MiMLS
• 2026-04-03 Listed $124,900 REALCOMP
• 2026-04-01 Coming Soon $124,900 MiRealSource-MiMLS
• 2026-02-28 Listing Removed — REALCOMP
• 2026-02-28 Listed $33,000 REALCOMP
• 2015-02-03 Listing Removed — MiRealSource-MiMLS
• 2014-12-04 Sold (Public Records) $54,350 Public Records
• 2014-04-26 Listed $900 MiRealSource-MiMLS
• 2014-04-16 Sold (MLS) $7,419 MiRealSource-MiMLS
• 2014-04-16 Sold (MLS) $7,419 REALCOMP
• 2014-03-24 Listing Removed — MiRealSource-MiMLS
• 2014-02-17 Listed $9,900 MiRealSource-MiMLS
• 2014-02-17 Listed $9,900 REALCOMP
• 2012-12-31 Listing Removed — REALCOMP
• 2012-12-31 Listing Removed — MiRealSource-MiMLS
• 2011-04-08 Listed $9,500 REALCOMP
• 2011-04-08 Listed $9,500 MiRealSource-MiMLS
• 2006-05-26 Sold (Public Records) $88,000 Public Records
• 1997-12-16 Sold (Public Records) $16,427 Public Records
• 1992-06-26 Sold (Public Records) $30,000 Public Records

Property tax history

-0.9%/yr

Latest (2025): $1,413 · +1.4% YoY. Source: county tax records.