5790 Berkshire St · Detroit, MI 48224

$140,000

4 bd · 1.0 ba · 1,415 sqft · SingleFamily public records · 24 Days on market

Built 1925 4,356 sqft lot Est $103k · 36% over

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Why this score? — see what drove the D+ 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 +23.1/30.0
• DSCR +7.4/10.0
• 1% rule +5.6/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Absolutely gorgeous all-brick colonial loaded with charm, character, and magazine-worthy décor! This beautifully maintained home features stunning cove ceilings throughout, a spacious living room, formal dining room, and an kitchen with additional eating space. Upstairs offers 3 spacious bedrooms along with a private second-floor balcony perfect for relaxing. The basement includes a convenient half bath, adding extra living and entertaining space. Located just one block from the newly remodeled Ronald Brown Academy and only minutes from Grosse Pointe shopping, dining, and entertainment. A beautiful blend of classic character and modern updates in a prime location! Seller also owns two additional well-maintained brick properties nearby that are currently tenant occupied and available for purchase as a package. Incredible opportunity to step into an instant investment portfolio with immediate income potential!

Key facts

• 4,356 sq ft lot
• Built 1925
• Listed 24 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry
• Construction: Brick construction; Block foundation
• Exterior features: Paved road access; Lot approximately 0.1 acre (38 x 112.5)

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $138k (1.5% 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 flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 40% of the median local income ($45k/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 $968 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.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 21y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,900 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.06% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.68%
• DSCR: 1.34
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $103,295
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5574 Buckingham Ave	0.15mi	3/1.0 (-1)	1,430 (+1%)	2mo	$105,000	$73	85
5743 Buckingham Ave	0.05mi	3/1.5 (-1)	1,328 (-6%)	2mo	$160,000	$120	78
5791 Bedford St	0.17mi	3/1.5 (-1)	1,344 (-5%)	1mo	$178,000	$132	76
5753 Three Mile Dr	0.23mi	3/1.5 (-1)	1,521 (+8%)	2mo	$75,000	$49	68
5050 Somerset Ave	0.46mi	3/1.0 (-1)	1,356 (-4%)	1mo	$84,900	$63	66
5266 Devonshire Rd	0.31mi	3/1.0 (-1)	1,274 (-10%)	1mo	$118,000	$93	63
9817 Somerset Ave	0.39mi	3/1.0 (-1)	1,290 (-9%)	2mo	$30,000	$23	60
9722 Wayburn St	0.62mi	3/1.0 (-1)	1,464 (+4%)	2mo	$84,900	$58	59
10185 Beaconsfield St	0.53mi	3/1.0 (-1)	1,300 (-8%)	2mo	$73,000	$56	55
4605 Devonshire Rd	0.73mi	3/1.0 (-1)	1,357 (-4%)	1mo	$139,000	$102	53
9988 Somerset Ave	0.42mi	3/1.0 (-1)	1,206 (-15%)	1mo	$130,000	$108	50
9922 Yorkshire Rd	0.69mi	3/2.0 (-1)	1,342 (-5%)	2mo	$75,000	$56	49

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.74×
• Total profit: $-10,030
• Equity at exit: $20,874

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-1,165
• Equity at exit: $12,105

Cash invested: $39,200 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,480 high
• Mortgage (P&I): −$734
• Tax from tax record: −$126 /mo · $1,514/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $251

Break-even live

Break-even rent $1,163

Max offer price $140,000

Occupancy floor 78%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	4d	1	0.14mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	4d	1	0.21mi
5791 Somerset Ave Detroit, MI	3.0	2.0	1660	$1,400	$0.84	17d	1	0.23mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.27mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	16d	1	0.27mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	43d	1	0.28mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	14d	1	0.30mi
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	43d	1	0.44mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	43d	1	0.46mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	0.47mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	14d	1	0.48mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	4d	1	0.53mi
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	43d	1	0.53mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	20d	1	0.58mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	43d	1	0.59mi
9142 Yorkshire Rd Detroit, MI	5.0	1.5	1450	$1,700	$1.17	1d	1	0.65mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	3d	1	0.68mi
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	3d	1	0.68mi
9171 Bishop St Detroit, MI	4.0	1.0	1508	$1,300	$0.86	43d	1	0.69mi
10030 Bishop St Detroit, MI	5.0	2.0	1721	$1,200	$0.70	17d	1	0.75mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	3d	1	0.76mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	43d	1	0.81mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	20d	1	0.81mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	17d	1	0.83mi
9313 Harvard Rd Detroit, MI	3.0	1.5	1329	$1,200	$0.90	17d	1	0.87mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	17d	1	0.87mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	10d	1	0.89mi
6225 Oldtown St Detroit, MI	3.0	1.0	1330	$1,199	$0.90	17d	1	0.90mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	43d	1	0.96mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	43d	1	0.96mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	43d	1	0.97mi
5966 Eastlawn St Unit NA Detroit, MI	3.0	1.5	1366	$1,500	$1.10	24d	1	1.02mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	43d	1	1.04mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	17d	1	1.05mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	12d	1	1.08mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	17d	1	1.10mi
5786 Neff Ave Detroit, MI	3.0	1.5	1100	$1,225	$1.11	16d	1	1.10mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	2d	1	1.11mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	17d	1	1.17mi
13395 Maiden St Detroit, MI	5.0	2.0	1750	$1,600	$0.91	24d	1	1.17mi

Listing history 44 events

1. 2026-06-19
   price $140,000 Active 24 DOM
2. 2026-06-18
   days on market $150,000 Active 24 DOM
3. 2026-06-17
   days on market $150,000 Active 23 DOM
4. 2026-06-15
   days on market $150,000 Active 21 DOM
5. 2026-06-13
   days on market $150,000 Active 19 DOM
6. 2026-06-13
   days on market $150,000 Active 18 DOM
7. 2026-06-09
   days on market $150,000 Active 15 DOM
8. 2026-06-08
   days on market $150,000 Active 14 DOM
9. 2026-06-07
   days on market $150,000 Active 13 DOM
10. 2026-06-04
    days on market $150,000 Active 10 DOM
11. 2026-06-03
    days on market $150,000 Active 9 DOM
12. 2026-06-02
    days on market $150,000 Active 8 DOM
13. 2026-06-01
    days on market $150,000 Active 7 DOM
14. 2026-05-31
    days on market $150,000 Active 6 DOM
15. 2026-05-26
    listed $150,000 Active 928-char remark

    Show marketing remark (928 chars)

    Absolutely gorgeous all-brick colonial loaded with charm, character, and magazine-worthy décor! This beautifully maintained home features stunning cove ceilings throughout, a spacious living room, formal dining room, and an kitchen with additional eating space. Upstairs offers 3 spacious bedrooms along with a private second-floor balcony perfect for relaxing. The basement includes a convenient half bath, adding extra living and entertaining space. Located just one block from the newly remodeled Ronald Brown Academy and only minutes from Grosse Pointe shopping, dining, and entertainment. A beautiful blend of classic character and modern updates in a prime location! Seller also owns two additional well-maintained brick properties nearby that are currently tenant occupied and available for purchase as a package. Incredible opportunity to step into an instant investment portfolio with immediate income potential!

16. 2026-05-26
    listed $150,000 Active

    Show marketing remark (928 chars)

    Absolutely gorgeous all-brick colonial loaded with charm, character, and magazine-worthy décor! This beautifully maintained home features stunning cove ceilings throughout, a spacious living room, formal dining room, and an kitchen with additional eating space. Upstairs offers 3 spacious bedrooms along with a private second-floor balcony perfect for relaxing. The basement includes a convenient half bath, adding extra living and entertaining space. Located just one block from the newly remodeled Ronald Brown Academy and only minutes from Grosse Pointe shopping, dining, and entertainment. A beautiful blend of classic character and modern updates in a prime location! Seller also owns two additional well-maintained brick properties nearby that are currently tenant occupied and available for purchase as a package. Incredible opportunity to step into an instant investment portfolio with immediate income potential!

17. 2026-05-26
    historical $150,000 928-char remark

    Show marketing remark (928 chars)

    Absolutely gorgeous all-brick colonial loaded with charm, character, and magazine-worthy décor! This beautifully maintained home features stunning cove ceilings throughout, a spacious living room, formal dining room, and an kitchen with additional eating space. Upstairs offers 3 spacious bedrooms along with a private second-floor balcony perfect for relaxing. The basement includes a convenient half bath, adding extra living and entertaining space. Located just one block from the newly remodeled Ronald Brown Academy and only minutes from Grosse Pointe shopping, dining, and entertainment. A beautiful blend of classic character and modern updates in a prime location! Seller also owns two additional well-maintained brick properties nearby that are currently tenant occupied and available for purchase as a package. Incredible opportunity to step into an instant investment portfolio with immediate income potential!

18. 2026-04-13
    historical
19. 2026-01-12
    listed $160,000 Active
20. 2026-01-12
    listed $160,000 Active
21. 2025-02-18
    historical
22. 2025-02-17
    historical
23. 2024-12-06
    listed $150,000 Active
24. 2024-12-06
    listed $150,000 Active
25. 2017-06-13
    soldstatus $100,000
26. 2007-03-15
    soldstatus $120,800
27. 2007-03-09
    soldstatus $120,800
28. 2007-03-09
    soldstatus $120,800
29. 2007-02-05
    historical
30. 2007-01-03
    listed $119,800
31. 2007-01-03
    listed $119,800
32. 2007-01-03
    historical
33. 2007-01-03
    historical
34. 2006-11-20
    listed $119,800
35. 2006-11-20
    listed $119,800
36. 2006-11-20
    historical
37. 2006-11-20
    historical
38. 2006-08-23
    listed $119,900
39. 2006-08-23
    listed $119,900
40. 2005-12-16
    historical
41. 2005-12-16
    historical
42. 2005-11-08
    listed $154,900
43. 2005-11-08
    listed $154,900
44. 1996-07-03
    soldstatus $52,000

ⓘ 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: $1,514 · $126/mo
• Projected year-2 tax: $1,835 · $153/mo
• Expected delta: +$321/yr (+$27/mo · 21.2%)

ⓘ 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 ≥95°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: $17,763
• − Mortgage interest: −$7,842
• − Property taxes: −$1,514
• − Insurance: −$700
• − Repairs & maintenance: −$1,421
• − Management: −$1,421
• − Depreciation: −$4,073
• Taxable income: $792
• Est. tax owed @ 24.0%: −$190
• After-tax cash flow: $2,819/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+188.5% since first listed

30 events — show timeline

• 2026-05-26 Listed $150,000 MiRealSource-MiMLS
• 2026-05-26 Listed $150,000 REALCOMP
• 2026-05-26 Coming Soon $150,000 MiRealSource-MiMLS
• 2026-04-13 Listing Removed — MiRealSource-MiMLS
• 2026-01-12 Listed $160,000 REALCOMP
• 2026-01-12 Listed $160,000 MiRealSource-MiMLS
• 2025-02-18 Listing Removed — REALCOMP
• 2025-02-17 Listing Removed — MiRealSource-MiMLS
• 2024-12-06 Listed $150,000 REALCOMP
• 2024-12-06 Listed $150,000 MiRealSource-MiMLS
• 2017-06-13 Sold (Public Records) $100,000 Public Records
• 2007-03-15 Sold (Public Records) $120,800 Public Records
• 2007-03-09 Sold (MLS) $120,800 REALCOMP
• 2007-03-09 Sold (MLS) $120,800 MiRealSource-MiMLS
• 2007-02-05 Listing Removed — MiRealSource-MiMLS
• 2007-01-03 Listing Removed — REALCOMP
• 2007-01-03 Listing Removed — MiRealSource-MiMLS
• 2007-01-03 Listed $119,800 REALCOMP
• 2007-01-03 Listed $119,800 MiRealSource-MiMLS
• 2006-11-20 Listing Removed — REALCOMP
• 2006-11-20 Listing Removed — MiRealSource-MiMLS
• 2006-11-20 Listed $119,800 REALCOMP
• 2006-11-20 Listed $119,800 MiRealSource-MiMLS
• 2006-08-23 Listed $119,900 REALCOMP
• 2006-08-23 Listed $119,900 MiRealSource-MiMLS
• 2005-12-16 Listing Removed — MiRealSource-MiMLS
• 2005-12-16 Listing Removed — REALCOMP
• 2005-11-08 Listed $154,900 MiRealSource-MiMLS
• 2005-11-08 Listed $154,900 REALCOMP
• 1996-07-03 Sold (Public Records) $52,000 Public Records

Property tax history

-2.5%/yr

Latest (2025): $1,514 · -9.4% YoY. Source: county tax records.