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12875 Steel St
B- Composite 67.43
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
  • DSCR +10.0/10.0
  • 1% rule +8.6/10.0
  • ARV discount +7.5/15.0
  • 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

$117,000

12875 Steel St · Detroit, MI 48227
5 bd · 1.0 ba · 1,368 sqft · SingleFamily public records · 97 Days on market
Built 1928 3,920 sqft lot $86/sqft · 171% above area

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you'll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

Key facts

  • 3,920 sq ft lot
  • Built 1928
  • Listed 97 days

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 5-bed/1.0-bath single-family listed at $117k.

Deal economics

  • At list price, monthly cash flow is $513 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $117k).
  • Recommended offer: $106k (9.0% 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; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
  • At $1,588/mo this rent would consume 52% 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 $809 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 $33k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 97 days — a 9% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
  • 22 sale attempts since 17y ago; this cycle's ask is 7448% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

  • Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $106,470 (9.0% below list)

Questions for the listing agent

  1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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?
  7. 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.
  8. 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.
  9. 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
1.36%
Cap rate
11.56%
Cash-on-cash
18.79%
DSCR
1.84
GRM
6.1

CMA / ARV

ARV (median comp)
$50,201
List price
$117,000
Delta
133.06%
Verdict
OVERPRICED
Comps
20 within 1.0 mi
Show comp detail 5 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
12706 Pinehurst St 0.31mi 4/1.5 (-1) 1,365 (-0%) 9mo $37,000 $27 71
13192 Schoolcraft 0.43mi 4/1.0 (-1) 1,219 (-11%) 1mo $32,000 $26 56
13586 Pinehurst St 0.42mi 4/1.5 (-1) 1,338 (-2%) 22mo $30,000 $22 52
12610 Ilene St 0.54mi 4/2.0 (-1) 1,285 (-6%) 9mo $36,750 $29 48
12237 Ilene St 0.57mi 4/1.0 (-1) 1,440 (+5%) 15mo $67,000 $47 47

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
13.3%
Equity multiple
1.55×
Total profit
$17,950
Equity at exit
$17,445
10-year hold
IRR
24.0%
Equity multiple
3.32×
Total profit
$76,015
Equity at exit
$10,116

Cash invested: $32,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
62 Landlord-Friendly
State Michigan
62 Landlord-Friendly · EVEN
County
— inherits STATE
City
— inherits STATE
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

ZIP-level market 48227

Rents YoY
5.6%
Active inventory
385
Price-to-rent
6.1×

Monthly cashflow live

Estimated rent
$1,588 high interval (Pro) →
Mortgage (P&I)
$614
Tax from tax record
$79 /mo · $952/yr
Insurance
$49
HOA
$0
Vacancy / Maint / Mgmt
$334
Net cashflow
$513

Break-even live

Break-even rent $939
Max offer price $117,000
Occupancy floor 63%

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
$29,250
Closing costs
$3,510
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 6 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
14242 Ohio St Detroit, MI 4.0 1.0 1400 $1,000 $0.71 43d 1 1.05mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 17d 1 1.14mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 1d 1 1.14mi
Ohio St Unit 4 Detroit, MI 4.0 1.5 1400 $750 $0.54 43d 1 1.17mi
14600 Strathmoor St Detroit, MI 4.0 1.0 1300 $1,450 $1.12 43d 1 1.23mi
13620 Tuller St Detroit, MI 4.0 1.0 1064 $1,374 $1.29 12d 1 1.32mi

Listing history 50 events

  1. 2026-06-18
    days on market $117,000 Active 97 DOM
  2. 2026-06-17
    days on market $117,000 Active 96 DOM
  3. 2026-06-15
    days on market $117,000 Active 94 DOM
  4. 2026-06-13
    days on market $117,000 Active 92 DOM
  5. 2026-06-13
    days on market $117,000 Active 91 DOM
  6. 2026-06-09
    days on market $117,000 Active 88 DOM
  7. 2026-06-08
    days on market $117,000 Active 87 DOM
  8. 2026-06-07
    days on market $117,000 Active 86 DOM
  9. 2026-06-04
    days on market $117,000 Active 83 DOM
  10. 2026-06-03
    days on market $117,000 Active 82 DOM
  11. 2026-06-01
    days on market $117,000 Active 80 DOM
  12. 2026-05-31
    days on market $117,000 Active 79 DOM
  13. 2026-05-02
    historical $1,550
  14. 2026-04-15
    price $117,000 1591-char remark
    Show marketing remark (1597 chars)

    Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you’ll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

  15. 2026-04-15
    price $117,000 1597-char remark
    Show marketing remark (1597 chars)

    Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you’ll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

  16. 2026-03-31
    listed $1,550
  17. 2026-03-27
    historical $1,550
  18. 2026-03-14
    listed $130,000 Active 1591-char remark
    Show marketing remark (1597 chars)

    Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you’ll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

  19. 2026-03-14
    listed $130,000 Active 1597-char remark
    Show marketing remark (1597 chars)

    Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you’ll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

  20. 2026-03-13
    price $130,000 1591-char remark
    Show marketing remark (1597 chars)

    Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you’ll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

  21. 2026-03-13
    price $130,000 1597-char remark
    Show marketing remark (1597 chars)

    Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you’ll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

  22. 2026-03-12
    historical $125,000 1591-char remark
    Show marketing remark (1591 chars)

    Welcome to this classic brick Colonial offering timeless character and generous living space in Detroit. From the moment you arrive, the charming brick facade, arched entryway, and covered front porch create inviting curb appeal and a warm welcome home. Step inside to a bright and spacious living room featuring beautiful wood flooring, large windows that fill the space with natural light, and a striking fireplace that anchors the room. The layout flows seamlessly into the formal dining room, where detailed wall trim and hardwood floors provide the perfect setting for everyday meals or gatherings. The kitchen offers ample cabinetry and workspace with room to personalize and make it your own. A convenient main-floor bedroom adds flexibility and can easily function as a guest room, home office, or additional living space. Upstairs, you'll find three additional bedrooms with comfortable layouts and great natural light, along with a convenient half bath. The full bathroom on the main level features classic tile and a clean, functional design. The unfinished basement provides excellent storage and future potential for additional living space, recreation, or a workshop. Outside, the backyard offers space to enjoy the outdoors, with room for parking or future garage possibilities. The covered front porch provides a relaxing place to unwind and enjoy the neighborhood setting. Conveniently located north of Grand River and east of Schaefer, this home provides easy access to major roads, shopping, dining, and everyday conveniences. Schedule your showing and see it in person. ?

  23. 2026-03-11
    listed $1,550
  24. 2026-01-13
    status Active
  25. 2026-01-13
    status Active
  26. 2026-01-13
    historical
  27. 2026-01-13
    historical
  28. 2026-01-12
    historical Accepting Backup Offers
  29. 2026-01-12
    historical Active Under Contract
  30. 2026-01-08
    status Active
  31. 2026-01-08
    status Active
  32. 2026-01-08
    historical Accepting Backup Offers
  33. 2026-01-08
    historical Active Under Contract
  34. 2025-12-02
    listed $135,000 Active
  35. 2025-12-02
    listed $135,000 Active
  36. 2025-11-29
    historical
  37. 2025-11-29
    historical
  38. 2025-11-10
    listed $149,999 Active
  39. 2025-11-10
    listed $149,999 Active
  40. 2025-10-19
    historical
  41. 2025-10-19
    historical
  42. 2025-09-18
    listed $160,000 Active
  43. 2025-09-18
    listed $160,000 Active
  44. 2025-09-01
    historical
  45. 2025-09-01
    historical
  46. 2025-07-15
    listed $160,000 Active
  47. 2025-07-15
    listed $160,000 Active
  48. 2024-01-18
    soldstatus $140,000
  49. 2012-02-21
    historical
  50. 2012-02-21
    historical

ⓘ 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
$952 · $79/mo
Projected year-2 tax
$1,377 · $115/mo
Expected delta
+$425/yr (+$35/mo · 44.6%)

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$19,060
− Mortgage interest
−$6,554
− Property taxes
−$952
− Insurance
−$585
− Repairs & maintenance
−$1,525
− Management
−$1,525
− Depreciation
−$3,404
Taxable income
$4,515
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,084
After-tax cash flow
$5,073/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

Price history

-97.8% since first listed
49 events — show timeline
  • 2026-05-02 Rental Removed $1,550 APPFOLIO
  • 2026-04-15 Price Changed $117,000 MiRealSource-MiMLS
  • 2026-04-15 Price Changed $117,000 REALCOMP
  • 2026-03-31 Listed for Rent $1,550 APPFOLIO
  • 2026-03-27 Rental Removed $1,550 APPFOLIO
  • 2026-03-14 Listed $130,000 MiRealSource-MiMLS
  • 2026-03-14 Listed $130,000 REALCOMP
  • 2026-03-13 Price Changed $130,000 MiRealSource-MiMLS
  • 2026-03-13 Price Changed $130,000 REALCOMP
  • 2026-03-12 Coming Soon $125,000 MiRealSource-MiMLS
  • 2026-03-11 Listed for Rent $1,550 APPFOLIO
  • 2026-01-13 Relisted MiRealSource-MiMLS
  • 2026-01-13 Relisted REALCOMP
  • 2026-01-13 Listing Removed REALCOMP
  • 2026-01-13 Listing Removed MiRealSource-MiMLS
  • 2026-01-12 Contingent MiRealSource-MiMLS
  • 2026-01-12 Contingent REALCOMP
  • 2026-01-08 Relisted MiRealSource-MiMLS
  • 2026-01-08 Relisted REALCOMP
  • 2026-01-08 Contingent MiRealSource-MiMLS
  • 2026-01-08 Contingent REALCOMP
  • 2025-12-02 Listed $135,000 REALCOMP
  • 2025-12-02 Listed $135,000 MiRealSource-MiMLS
  • 2025-11-29 Listing Removed REALCOMP
  • 2025-11-29 Listing Removed MiRealSource-MiMLS
  • 2025-11-10 Listed $149,999 REALCOMP
  • 2025-11-10 Listed $149,999 MiRealSource-MiMLS
  • 2025-10-19 Listing Removed REALCOMP
  • 2025-10-19 Listing Removed MiRealSource-MiMLS
  • 2025-09-18 Listed $160,000 REALCOMP
  • 2025-09-18 Listed $160,000 MiRealSource-MiMLS
  • 2025-09-01 Listing Removed MiRealSource-MiMLS
  • 2025-09-01 Listing Removed REALCOMP
  • 2025-07-15 Listed $160,000 REALCOMP
  • 2025-07-15 Listed $160,000 MiRealSource-MiMLS
  • 2024-01-18 Sold (Public Records) $140,000 Public Records
  • 2012-02-21 Listing Removed REALCOMP
  • 2012-02-21 Listing Removed MiRealSource-MiMLS
  • 2012-02-14 Listing Removed MiRealSource-MiMLS
  • 2012-02-14 Listed $6,000 REALCOMP
  • 2012-02-14 Listed $6,000 MiRealSource-MiMLS
  • 2012-02-13 Listing Removed MiRealSource-MiMLS
  • 2012-02-13 Listed $6,000 MiRealSource-MiMLS
  • 2012-02-13 Listing Removed REALCOMP
  • 2012-02-13 Listed $6,000 REALCOMP
  • 2012-02-13 Listed $6,000 MiRealSource-MiMLS
  • 2009-10-10 Listing Removed REALCOMP
  • 2009-06-10 Listed $6,000 REALCOMP
  • 2005-08-19 Sold (Public Records) $70,000 Public Records

Property tax history

-2.0%/yr

Latest (2025): $952 · -38.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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