4420 Burns St · Detroit, MI 48214

$29,900

3 bd · 2.0 ba · 2,120 sqft · SingleFamily public records · 29 Days on market

Built 1922 4,356 sqft lot $14/sqft · 83% below area

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

Listing remarks MLS

Great opportunity! Welcome to 4420 Burns St, a spacious brick 2-story home located in Detroit's Pingree Park neighborhood. This property offers a functional layout with generous room sizes, providing flexibility for both owner-occupants and investors. Featuring over 2,100 square feet, the home includes multiple bedrooms, 2 bathrooms, a full basement, and a detached garage, offering strong potential for renovation and value-add. With solid bones and classic brick construction, this property is ready for restoration and customization to suit your vision. Situated in the Pingree Park area, a neighborhood experiencing ongoing revitalization, the location continues to attract homeowners and investors alike. Conveniently located near schools, parks, shopping, and major roadways, with easy access to Downtown Detroit, Grosse Pointe, and surrounding employment centers. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal including intended use, renovation timeline, proof of funds, detailed scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements. Waiver requests are reviewed on a case-by-case basis and may require a payment in lieu of taxes, subject to review of development pro forma and financing. Property sold as-is. Buyer to verify all information. Excellent opportunity for investors or homeowners looking to renovate and add value in Detroit's Pingree Park neighborhood.

Key facts

• 4,356 sq ft lot
• Garage
• Built 1922

Property features AI

Finance

• Financial info: Annual tax listed: $1,759

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two-story home; Ground-level entry with steps
• Construction: Brick construction
• Exterior features: Paved road access; Lot approximately 0.1 acre (40 x 111.66)

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: 6 total rooms; Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $989 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $29k (1.5% below list) — sets the bar for market timing.
• Cap rate 46.0% 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: 298 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% 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 $1,514/mo this rent would consume 54% of the median local household income ($34k/yr) (locally 1364% 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 $207 of loan paydown is wiped out by about $897 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 + 3.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($29k) is reasonable based on typical stale-listing flexibility.
• 3 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 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,451 (1.5% below list)

Questions for the listing agent

1. Built in 1922 — 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: 5.06% ✓
• Cap rate: 45.99%
• Cash-on-cash: 141.78%
• DSCR: 7.31
• GRM: 1.6

CMA / ARV

• ARV (median comp): $174,318
• List price: $29,900
• Delta: -82.85%
• 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
3466 Fischer St	0.50mi	4/2.5 (+1)	2,167 (+2%)	2mo	$462,500	$213	65
7723 E Canfield St	0.46mi	3/2.0	1,954 (-8%)	3mo	$27,500	$14	63
4876 Maxwell St	0.35mi	3/1.5	2,180 (+3%)	17mo	$21,500	$10	63
3873 Iroquois St	0.28mi	4/1.5 (+1)	2,320 (+9%)	3mo	$399,900	$172	62
4520 Fischer St	0.11mi	4/2.0 (+1)	2,302 (+9%)	17mo	$95,000	$41	61
4132 Seminole St	0.24mi	3/1.0	1,861 (-12%)	14mo	$144,000	$77	53
3805 Seneca St	0.31mi	4/1.5 (+1)	1,807 (-15%)	2mo	$185,000	$102	52
4862 Parker St	0.38mi	3/3.0	1,900 (-10%)	12mo	$250,000	$132	51
3498 Townsend St	0.71mi	4/2.0 (+1)	2,006 (-5%)	3mo	$89,000	$44	50
3735 Seyburn St	0.52mi	4/2.5 (+1)	1,986 (-6%)	10mo	$311,000	$157	50
2971 Fischer St	0.66mi	3/1.0	2,200 (+4%)	19mo	$207,500	$94	43
2951 Fischer St	0.68mi	4/2.0 (+1)	1,932 (-9%)	14mo	$300,000	$155	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.95×
• Total profit: $58,178
• Equity at exit: $4,458

10-year hold

• IRR: —
• Equity multiple: 16.75×
• Total profit: $131,876
• Equity at exit: $2,585

Cash invested: $8,372 (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 48214

• Active inventory: 298
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$37 /mo · $448/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $989

Break-even live

Break-even rent $262

Max offer price $29,900

Occupancy floor 30%

Sensitivity live

Price	-10% $1,010	-5% $999	+0% $989	+5% $979	+10% $968
Rent	-10% $870	-5% $929	+0% $989	+5% $1,049	+10% $1,109
Rate	-1.0pp $1,004	-0.5pp $997	base $989	+0.5pp $981	+1.0pp $974

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4510 Harding St Detroit, MI	3.0	1.0	2394	$1,500	$0.63	18d	1	0.88mi
3631 Helen St Unit 3635 Detroit, MI	4.0	2.0	2157	$1,650	$0.76	44d	1	0.93mi
374 E Grand Blvd Unit 2A Detroit, MI	2.0	2.0	1450	$2,750	$1.90	44d	1	1.43mi
3478 Ludden St Detroit, MI	2.0	1.0	2800	$1,200	$0.43	44d	1	1.47mi
8925 E Jefferson Ave Detroit, MI	1.0–2.0	1.0–2.0	1050	$1,945	$1.85	44d	9	1.49mi

Listing history 8 events

1. 2026-06-07
   status $29,900 Pending 29 DOM
2. 2026-06-04
   days on market $29,900 Active 29 DOM

   Show marketing remark (1697 chars)

   Great opportunity! Welcome to 4420 Burns St, a spacious brick 2-story home located in Detroit's Pingree Park neighborhood. This property offers a functional layout with generous room sizes, providing flexibility for both owner-occupants and investors. Featuring over 2,100 square feet, the home includes multiple bedrooms, 2 bathrooms, a full basement, and a detached garage, offering strong potential for renovation and value-add. With solid bones and classic brick construction, this property is ready for restoration and customization to suit your vision. Situated in the Pingree Park area, a neighborhood experiencing ongoing revitalization, the location continues to attract homeowners and investors alike. Conveniently located near schools, parks, shopping, and major roadways, with easy access to Downtown Detroit, Grosse Pointe, and surrounding employment centers. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal including intended use, renovation timeline, proof of funds, detailed scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements. Waiver requests are reviewed on a case-by-case basis and may require a payment in lieu of taxes, subject to review of development pro forma and financing. Property sold as-is. Buyer to verify all information. Excellent opportunity for investors or homeowners looking to renovate and add value in Detroit's Pingree Park neighborhood.

3. 2026-06-03
   days on market $29,900 Active 28 DOM
4. 2026-06-02
   days on market $29,900 Active 27 DOM
5. 2026-06-01
   days on market $29,900 Active 26 DOM
6. 2026-05-31
   days on market $29,900 Active 25 DOM
7. 2026-05-05
   listed $29,900 Active 1709-char remark

   Show marketing remark (1697 chars)

   Great opportunity! Welcome to 4420 Burns St, a spacious brick 2-story home located in Detroit's Pingree Park neighborhood. This property offers a functional layout with generous room sizes, providing flexibility for both owner-occupants and investors. Featuring over 2,100 square feet, the home includes multiple bedrooms, 2 bathrooms, a full basement, and a detached garage, offering strong potential for renovation and value-add. With solid bones and classic brick construction, this property is ready for restoration and customization to suit your vision. Situated in the Pingree Park area, a neighborhood experiencing ongoing revitalization, the location continues to attract homeowners and investors alike. Conveniently located near schools, parks, shopping, and major roadways, with easy access to Downtown Detroit, Grosse Pointe, and surrounding employment centers. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal including intended use, renovation timeline, proof of funds, detailed scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements. Waiver requests are reviewed on a case-by-case basis and may require a payment in lieu of taxes, subject to review of development pro forma and financing. Property sold as-is. Buyer to verify all information. Excellent opportunity for investors or homeowners looking to renovate and add value in Detroit's Pingree Park neighborhood.

8. 2026-05-05
   listed $29,900 Active 1697-char remark

   Show marketing remark (1697 chars)

   Great opportunity! Welcome to 4420 Burns St, a spacious brick 2-story home located in Detroit's Pingree Park neighborhood. This property offers a functional layout with generous room sizes, providing flexibility for both owner-occupants and investors. Featuring over 2,100 square feet, the home includes multiple bedrooms, 2 bathrooms, a full basement, and a detached garage, offering strong potential for renovation and value-add. With solid bones and classic brick construction, this property is ready for restoration and customization to suit your vision. Situated in the Pingree Park area, a neighborhood experiencing ongoing revitalization, the location continues to attract homeowners and investors alike. Conveniently located near schools, parks, shopping, and major roadways, with easy access to Downtown Detroit, Grosse Pointe, and surrounding employment centers. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal including intended use, renovation timeline, proof of funds, detailed scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements. Waiver requests are reviewed on a case-by-case basis and may require a payment in lieu of taxes, subject to review of development pro forma and financing. Property sold as-is. Buyer to verify all information. Excellent opportunity for investors or homeowners looking to renovate and add value in Detroit's Pingree Park neighborhood.

ⓘ 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 ≥96°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: $18,164
• − Mortgage interest: −$1,675
• − Property taxes: −$448
• − Insurance: −$150
• − Repairs & maintenance: −$1,453
• − Management: −$1,453
• − Depreciation: −$870
• Taxable income: $12,115
• Est. tax owed @ 24.0%: −$2,908
• After-tax cash flow: $8,962/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): 18,595
• Household income: $33,544
• Rent vs Own: 59.0% rent · 41.0% own
• Severe rent burden: 1364.0

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 (79%)
• Race & ethnicity: Black 79% White 16% Two or more races 4%
• Common ancestry: Romanian 1% Iranian 1% Lithuanian 1%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 98% English-only · Spanish 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: ▼ -367.43%
• Current HPI: 102.0969
• Rent YoY: —
• 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

6 events — show timeline

• 2026-06-04 Pending — MiRealSource-MiMLS
• 2026-06-04 Pending — REALCOMP
• 2026-05-29 Relisted — REALCOMP
• 2026-05-28 Listing Removed — REALCOMP
• 2026-05-05 Listed $29,900 REALCOMP
• 2026-05-05 Listed $29,900 MiRealSource-MiMLS

Property tax history

+4.2%/yr

Latest (2025): $1,759 · +0.0% YoY. Source: county tax records.