17712 Fenton St · Detroit, MI 48219

$80,000

3 bd · 1.0 ba · 928 sqft · SingleFamily public records · 15 Days on market

Built 1952 4,792 sqft lot Est $113k · 29% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.5/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 17712 Fenton Street, Detroit MI 48219 - a solid ranch home located in the "Eye" neighborhood, borderline Redford! This 3-bedroom, 1-bath home features an open living and dining area with updated flooring throughout. The kitchen offers ample cabinet space, and three comfortable bedrooms and a full bath complete the main level. The full unfinished basement provides great additional space. Perfect for storage, a recreation room, or future finishing. A detached garage and spacious backyard add even more value to this property. Previously rented at 1,300/month and delivered vacant at closing, this home is a great opportunity for a first-time buyer looking for an affordable starter home or an investor ready to add a income-producing rental to their portfolio. Schedule your showing today! Property is sold AS IS. Don't miss your chance to make this Detroit gem your own. Schedule your showing today!

Key facts

• Spacious backyard
• Updated flooring
• Ample cabinet space

Tags

• OPEN LIVING AND DINING AREA
• UPDATED FLOORING
• AMPLE CABINET SPACE
• FULL UNFINISHED BASEMENT
• DETACHED GARAGE
• SPACIOUS BACKYARD

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Vinyl siding
• Construction: Block foundation
• Exterior features: Paved road access; Lot measures approximately 50 x 95.13 (0.11 acre); Ground-level entry

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Six total rooms

🏷️ Possibly a rental listed for sale. The $80,000 price doesn't fit this home's estimated sale value (~$113,216) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 10.0% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 (+8.0%/yr); 309 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 36% of the median local income ($44k/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 $553 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 + 8.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 6y 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 $62k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $78,800 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.62% ✓
• Cap rate: 12.56%
• Cash-on-cash: 22.40%
• DSCR: 2.00
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $113,216
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17630 Brady	0.30mi	3/1.0	916 (-1%)	1mo	$164,000	$179	83
17727 Woodbine St	0.17mi	3/1.5	850 (-8%)	0mo	$58,000	$68	76
17324 Salem St	0.30mi	2/1.0 (-1)	954 (+3%)	2mo	$74,900	$79	75
18293 Codding St	0.59mi	3/1.0	962 (+4%)	1mo	$30,000	$31	65
18671 Five Points St	0.45mi	2/1.0 (-1)	876 (-6%)	2mo	$72,000	$82	63
18490 Sumner	0.60mi	3/1.0	980 (+6%)	0mo	$145,000	$148	62
18629 Brady	0.46mi	3/1.0	1,030 (+11%)	0mo	$126,000	$122	60
23450 Margareta St	0.68mi	3/1.0	957 (+3%)	4mo	$45,000	$47	60
18682 Sumner	0.65mi	3/1.0	969 (+4%)	2mo	$137,000	$141	60
18680 Five Points St	0.44mi	2/1.5 (-1)	837 (-10%)	1mo	$95,000	$114	55
18810 Olympia	0.74mi	3/1.0	1,002 (+8%)	3mo	$185,000	$185	49
17377 Glenmore St	0.72mi	3/1.0	1,050 (+13%)	4mo	$222,000	$211	41

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 21.1%
• Equity multiple: 1.92×
• Total profit: $20,590
• Equity at exit: $11,928

10-year hold

• IRR: 32.6%
• Equity multiple: 4.74×
• Total profit: $83,700
• Equity at exit: $6,917

Cash invested: $22,400 (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 48219

• Home prices YoY: -10.3%
• Rents YoY: 8.0%
• Active inventory: 309
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,300 high
• Mortgage (P&I): −$420
• Tax from tax record: −$156 /mo · $1,869/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $418

Break-even live

Break-even rent $770

Max offer price $80,000

Occupancy floor 63%

Sensitivity live

Price	-10% $463	-5% $441	+0% $418	+5% $395	+10% $373
Rent	-10% $315	-5% $367	+0% $418	+5% $469	+10% $521
Rate	-1.0pp $458	-0.5pp $438	base $418	+0.5pp $397	+1.0pp $376

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18302 Wormer St Detroit, MI	3.0	1.0	1046	$1,475	$1.41	45d	1	0.19mi
17324 Salem St Detroit, MI	2.0	1.0	989	$1,200	$1.21	26d	1	0.31mi
18732 Salem Unit 2 Detroit, MI	2.0	1.0	925	$1,050	$1.14	14d	1	0.45mi
24224 W 7 Mile Rd Detroit, MI	1.0–2.0	1.0	600	$875	$1.46	45d	3	0.56mi
16800 Wormer St Detroit, MI	3.0	1.0	912	$1,250	$1.37	19d	1	0.63mi
16800 Telegraph Rd Detroit, MI	2.0	1.0	775	$875	$1.13	45d	1	0.68mi
19250 Telegraph Rd Unit O7 Detroit, MI	2.0	1.0	820	$975	$1.19	26d	1	0.72mi
16581 Wormer St Detroit, MI	2.0	1.0	720	$1,100	$1.53	45d	1	0.72mi
19248 Telegraph Rd Unit P7 Detroit, MI	2.0	1.0	820	$975	$1.19	26d	1	0.73mi
19264 Telegraph Rd Unit G7 Detroit, MI	2.0	1.0	820	$975	$1.19	45d	1	0.75mi
19276 Telegraph Rd Detroit, MI	2.0	1.0	820	$975	$1.19	45d	1	0.75mi
16207 Woodbine St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	6d	1	0.86mi
19301 Shiawassee Dr Detroit, MI	1.0–2.0	1.0	740	$1,150	$1.55	45d	2	0.88mi
25822 W 6 Mile Rd Redford Township, MI	2.0	2.0	1100	$1,100	$1.00	26d	1	0.89mi
16131 Dale St Detroit, MI	3.0	1.0	1100	$1,500	$1.36	19d	1	0.95mi
22570 Seven Mile W Detroit, MI	2.0	1.0	890	$875	$0.98	45d	1	1.02mi
19800 Telegraph Rd Detroit, MI	2.0	1.0	855	$1,020	$1.19	45d	1	1.07mi
22649 Frisbee St Detroit, MI	3.0	1.0	1100	$1,495	$1.36	45d	1	1.23mi
19800 Berg Rd Detroit, MI	3.0	1.0	1000	$1,550	$1.55	18d	1	1.24mi
15490 Dixie Redford, MI	3.0	1.0	912	$1,600	$1.75	6d	1	1.26mi
20083 Salem St Detroit, MI	3.0	1.0	969	$1,050	$1.08	12d	1	1.27mi
20083 Salem St Detroit, MI	3.0	1.0	969	$1,050	$1.08	6d	1	1.27mi
26539 Clarita Redford, MI	3.0	1.5	931	$1,875	$2.01	26d	1	1.30mi
20410 Five Points St Redford, MI	3.0	1.0	950	$1,600	$1.68	6d	1	1.33mi
15847 Chatham St Detroit, MI	3.0	1.0	909	$1,325	$1.46	6d	1	1.38mi
21451 Glenco St Detroit, MI	3.0	1.0	1026	$1,400	$1.36	18d	1	1.42mi
21455 Pickford St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	45d	1	1.43mi
21440 Bennett St Detroit, MI	3.0	1.0	1037	$1,394	$1.34	18d	1	1.44mi
16700 Lahser Rd Apt 18 Detroit, MI	2.0	1.0	750	$900	$1.20	45d	1	1.44mi
21434 Karl St Detroit, MI	2.0	1.0	1000	$1,350	$1.35	45d	1	1.44mi
18025 Bentler St Detroit, MI	3.0	1.0	728	$1,250	$1.72	26d	1	1.46mi
22238 Pembroke Ave Detroit, MI	3.0	1.5	1100	$1,500	$1.36	45d	1	1.48mi

Listing history 22 events

1. 2026-06-04
   days on market $80,000 Active 15 DOM
2. 2026-06-03
   days on market $80,000 Active 14 DOM
3. 2026-06-02
   days on market $80,000 Active 13 DOM
4. 2026-06-01
   days on market $80,000 Active 12 DOM
5. 2026-05-31
   days on market $80,000 Active 11 DOM
6. 2026-05-20
   listed $80,000 Active

   Show marketing remark (926 chars)

   Welcome to 17712 Fenton Street, Detroit MI 48219 - a solid ranch home located in the "Eye" neighborhood, borderline Redford! This 3-bedroom, 1-bath home features an open living and dining area with updated flooring throughout. The kitchen offers ample cabinet space, and three comfortable bedrooms and a full bath complete the main level. The full unfinished basement provides great additional space. Perfect for storage, a recreation room, or future finishing. A detached garage and spacious backyard add even more value to this property. Previously rented at 1,300/month and delivered vacant at closing, this home is a great opportunity for a first-time buyer looking for an affordable starter home or an investor ready to add a income-producing rental to their portfolio. Schedule your showing today! Property is sold AS IS. Don't miss your chance to make this Detroit gem your own. Schedule your showing today!

7. 2026-05-20
   listed $80,000 Active 926-char remark

   Show marketing remark (926 chars)

   Welcome to 17712 Fenton Street, Detroit MI 48219 - a solid ranch home located in the "Eye" neighborhood, borderline Redford! This 3-bedroom, 1-bath home features an open living and dining area with updated flooring throughout. The kitchen offers ample cabinet space, and three comfortable bedrooms and a full bath complete the main level. The full unfinished basement provides great additional space. Perfect for storage, a recreation room, or future finishing. A detached garage and spacious backyard add even more value to this property. Previously rented at 1,300/month and delivered vacant at closing, this home is a great opportunity for a first-time buyer looking for an affordable starter home or an investor ready to add a income-producing rental to their portfolio. Schedule your showing today! Property is sold AS IS. Don't miss your chance to make this Detroit gem your own. Schedule your showing today!

8. 2025-04-01
   soldstatus $62,500
9. 2025-03-13
   soldstatus $62,500 Closed 485-char remark

   Show marketing remark (485 chars)

   Well maintained 3 bedroom ranch with a full basement! This beautifully updated home features original hardwood floors and a newer roof with architectural shingles. The electrical system has been upgraded with newer service and circuit breakers, ensuring peace of mind. Plus, the newer furnace and water heater is in good shape. Don’t miss this opportunity—schedule your showing today! Buyer to pay 495 transaction fee to listing broker at closing.

10. 2025-03-13
    soldstatus $62,500 Closed

    Show marketing remark (485 chars)

    Well maintained 3 bedroom ranch with a full basement! This beautifully updated home features original hardwood floors and a newer roof with architectural shingles. The electrical system has been upgraded with newer service and circuit breakers, ensuring peace of mind. Plus, the newer furnace and water heater is in good shape. Don’t miss this opportunity—schedule your showing today! Buyer to pay 495 transaction fee to listing broker at closing.

11. 2025-02-19
    status Pending 485-char remark

    Show marketing remark (485 chars)

    Well maintained 3 bedroom ranch with a full basement! This beautifully updated home features original hardwood floors and a newer roof with architectural shingles. The electrical system has been upgraded with newer service and circuit breakers, ensuring peace of mind. Plus, the newer furnace and water heater is in good shape. Don’t miss this opportunity—schedule your showing today! Buyer to pay 495 transaction fee to listing broker at closing.

12. 2025-02-19
    status Pending

    Show marketing remark (485 chars)

    Well maintained 3 bedroom ranch with a full basement! This beautifully updated home features original hardwood floors and a newer roof with architectural shingles. The electrical system has been upgraded with newer service and circuit breakers, ensuring peace of mind. Plus, the newer furnace and water heater is in good shape. Don’t miss this opportunity—schedule your showing today! Buyer to pay 495 transaction fee to listing broker at closing.

13. 2025-02-07
    listed $65,000 Active 485-char remark

    Show marketing remark (485 chars)

    Well maintained 3 bedroom ranch with a full basement! This beautifully updated home features original hardwood floors and a newer roof with architectural shingles. The electrical system has been upgraded with newer service and circuit breakers, ensuring peace of mind. Plus, the newer furnace and water heater is in good shape. Don’t miss this opportunity—schedule your showing today! Buyer to pay 495 transaction fee to listing broker at closing.

14. 2025-02-07
    listed $65,000 Active

    Show marketing remark (485 chars)

    Well maintained 3 bedroom ranch with a full basement! This beautifully updated home features original hardwood floors and a newer roof with architectural shingles. The electrical system has been upgraded with newer service and circuit breakers, ensuring peace of mind. Plus, the newer furnace and water heater is in good shape. Don’t miss this opportunity—schedule your showing today! Buyer to pay 495 transaction fee to listing broker at closing.

15. 2020-03-13
    soldstatus $47,000 Sold
16. 2020-03-13
    soldstatus $47,000 Closed
17. 2020-03-03
    status Pending
18. 2020-03-03
    status Pending
19. 2020-02-22
    listed $45,900 Active
20. 2020-02-22
    listed $45,900 Active
21. 2003-04-18
    soldstatus $64,500
22. 1998-12-28
    soldstatus $38,900

ⓘ 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: $1,869 · $156/mo
• Projected year-2 tax: $1,869 · $156/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 (shaded) · 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,596
• − Mortgage interest: −$4,481
• − Property taxes: −$1,869
• − Insurance: −$400
• − Repairs & maintenance: −$1,248
• − Management: −$1,248
• − Depreciation: −$2,327
• Taxable income: $4,023
• Est. tax owed @ 24.0%: −$966
• After-tax cash flow: $4,052/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): 47,208
• Household income: $43,655
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 3584.0

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 (88%)
• Race & ethnicity: Black 88% White 5% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% 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: ▼ -65.06%
• Current HPI: 563.3263
• Rent YoY: ▲ 8.04%
• 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

+105.7% since first listed

17 events — show timeline

• 2026-05-20 Listed $80,000 MiRealSource-MiMLS
• 2026-05-20 Listed $80,000 REALCOMP
• 2025-04-01 Sold (Public Records) $62,500 Public Records
• 2025-03-13 Sold (MLS) $62,500 REALCOMP
• 2025-03-13 Sold (MLS) $62,500 MiRealSource-MiMLS
• 2025-02-19 Pending — MiRealSource-MiMLS
• 2025-02-19 Pending — REALCOMP
• 2025-02-07 Listed $65,000 REALCOMP
• 2025-02-07 Listed $65,000 MiRealSource-MiMLS
• 2020-03-13 Sold (MLS) $47,000 MiRealSource-MiMLS
• 2020-03-13 Sold (MLS) $47,000 REALCOMP
• 2020-03-03 Pending — MiRealSource-MiMLS
• 2020-03-03 Pending — REALCOMP
• 2020-02-22 Listed $45,900 MiRealSource-MiMLS
• 2020-02-22 Listed $45,900 REALCOMP
• 2003-04-18 Sold (Public Records) $64,500 Public Records
• 1998-12-28 Sold (Public Records) $38,900 Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,869 · -9.9% YoY. Source: county tax records.