19160 Prairie St · Detroit, MI 48221

$45,000

4 bd · 1.5 ba · 1,796 sqft · SingleFamily public records · 9 Days on market

Built 1946 6,098 sqft lot

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 1.5-story bungalow built in 1946 offering 1,983 sq. ft. of comfortable living space. This home features 4 bedrooms and 2.5 bathrooms, providing plenty of room for family and guests. Step inside to a bright and welcoming living room with ample space for relaxing and entertaining. The spacious kitchen offers plenty of cabinet and counter space, making meal preparation a breeze. Outside, enjoy a generous backyard that's perfect for gardening, outdoor gatherings, or simply unwinding while enjoying the fresh air. A wonderful opportunity to own a home that blends classic character with everyday comfort.

Key facts

• 1.5 story bungalow
• Spacious kitchen
• Generous backyard

Tags

• 1.5 STORY BUNGALOW
• SPACIOUS KITCHEN
• GENEROUS BACKYARD

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Ground-level entry with steps; Brick exterior
• Construction: Block foundation
• Exterior features: Paved road access; Lot approximately 0.14 acres (53 x 120)

Interior

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

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $45k).
• Cap rate 34.7% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#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 (+3.4%/yr); 349 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 36% of the median local income ($58k/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 $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.4% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $45,000

Questions for the listing agent

1. Built in 1946 — 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: 3.88% ✓
• Cap rate: 34.74%
• Cash-on-cash: 101.58%
• DSCR: 5.52
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $147,272
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19179 Pennington Dr	0.15mi	3/2.5 (-1)	1,743 (-3%)	5mo	$170,000	$98	75
18661 San Juan Dr	0.26mi	4/2.5	1,882 (+5%)	4mo	$236,000	$125	73
19151 Santa Barbara Dr	0.22mi	3/1.0 (-1)	1,840 (+2%)	8mo	$105,000	$57	72
18468 Santa Barbara Dr	0.41mi	4/1.5	1,738 (-3%)	5mo	$150,000	$86	72
18655 Monica St	0.26mi	3/1.5 (-1)	1,933 (+8%)	0mo	$120,000	$62	70
19498 Santa Rosa Dr	0.31mi	3/3.0 (-1)	1,852 (+3%)	2mo	$185,580	$100	67
19965 Greenlawn St	0.61mi	4/1.0	1,850 (+3%)	6mo	$100,000	$54	60
18674 San Juan Dr	0.24mi	3/2.0 (-1)	1,538 (-14%)	4mo	$210,000	$137	54
18037 Pennington Dr	0.66mi	3/1.5 (-1)	1,672 (-7%)	0mo	$91,000	$54	52
19980 Stoepel St	0.54mi	5/2.5 (+1)	1,924 (+7%)	2mo	$156,900	$82	52
18445 Roselawn St	0.56mi	3/1.0 (-1)	1,609 (-10%)	5mo	$91,000	$57	46
8620 W 7 Mile Rd	0.59mi	3/1.5 (-1)	1,984 (+10%)	6mo	$149,900	$76	45

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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 5.88×
• Total profit: $61,444
• Equity at exit: $6,710

10-year hold

• IRR: —
• Equity multiple: 12.45×
• Total profit: $144,298
• Equity at exit: $3,891

Cash invested: $12,600 (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 48221

• Rents YoY: 3.4%
• Active inventory: 349
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,744 high
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $1,067

Break-even live

Break-even rent $394

Max offer price $45,000

Occupancy floor 34%

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18935 Indiana St Detroit, MI	3.0	1.0	1248	$1,523	$1.22	4d	1	0.68mi
17530 Roselawn St Unit 1 Detroit, MI	3.0	2.0	1600	$2,000	$1.25	24d	1	0.81mi
17163 Prairie St Unit 1B Detroit, MI	3.0	1.5	1317	$1,350	$1.03	43d	1	0.96mi
16582 Santa Rosa Dr Detroit, MI	3.0	1.0	1314	$1,399	$1.06	17d	1	1.28mi
2554 Woodstock Dr Highland Park, MI	3.0	1.5	1929	$2,250	$1.17	14d	1	1.29mi
631 Shasta Pl Ferndale, MI	3.0	2.0	1317	$2,100	$1.59	43d	1	1.30mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	20d	1	1.36mi
351 Edgewood Pl Unit 2 Ferndale, MI	3.0	2.0	1600	$2,200	$1.38	18d	1	1.36mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	17d	1	1.37mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	17d	1	1.38mi
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	43d	1	1.43mi

Listing history 7 events

1. 2026-06-16
   statusdays on market $45,000 Pending 9 DOM
2. 2026-06-15
   statusdays on market $45,000 Active Under Contract 8 DOM
3. 2026-06-13
   days on market $45,000 Active 6 DOM
4. 2026-06-13
   days on market $45,000 Active 5 DOM
5. 2026-06-09
   days on market $45,000 Active 2 DOM
6. 2026-06-08
   remarks 620-char remark

   Show marketing remark (620 chars)

   Welcome to this 1.5-story bungalow built in 1946 offering 1,983 sq. ft. of comfortable living space. This home features 4 bedrooms and 2.5 bathrooms, providing plenty of room for family and guests. Step inside to a bright and welcoming living room with ample space for relaxing and entertaining. The spacious kitchen offers plenty of cabinet and counter space, making meal preparation a breeze. Outside, enjoy a generous backyard that's perfect for gardening, outdoor gatherings, or simply unwinding while enjoying the fresh air. A wonderful opportunity to own a home that blends classic character with everyday comfort.

7. 2026-06-08
   listed $45,000 Active 1 DOM

   Show marketing remark (620 chars)

   Welcome to this 1.5-story bungalow built in 1946 offering 1,983 sq. ft. of comfortable living space. This home features 4 bedrooms and 2.5 bathrooms, providing plenty of room for family and guests. Step inside to a bright and welcoming living room with ample space for relaxing and entertaining. The spacious kitchen offers plenty of cabinet and counter space, making meal preparation a breeze. Outside, enjoy a generous backyard that's perfect for gardening, outdoor gatherings, or simply unwinding while enjoying the fresh air. A wonderful opportunity to own a home that blends classic character with everyday comfort.

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,926
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$225
• − Repairs & maintenance: −$1,674
• − Management: −$1,674
• − Depreciation: −$1,309
• Taxable income: $12,848
• Est. tax owed @ 24.0%: −$3,083
• After-tax cash flow: $9,716/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): 41,392
• Household income: $57,878
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1646.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 4% Asian 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -433.14%
• Current HPI: 280.5434
• Rent YoY: ▲ 3.44%
• 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

+0.0% since first listed

5 events — show timeline

• 2026-06-08 Relisted — MiRealSource-MiMLS
• 2026-06-08 Relisted — REALCOMP
• 2026-06-06 Listing Removed — MiRealSource-MiMLS
• 2026-06-05 Listed $45,000 REALCOMP
• 2026-06-05 Listed $45,000 MiRealSource-MiMLS

Property tax history

+4.9%/yr

Latest (2025): $3,702 · -1.1% YoY. Source: county tax records.