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15384 Kentucky St
B Composite 71.71
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 +10.2/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Rent growth +4.0/5.0
  • Livability +3.7/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$69,900

15384 Kentucky St · Detroit, MI 48238
4 bd · 1.5 ba · 1,643 sqft · SingleFamily public records · 149 Days on market
Built 1926 5,663 sqft lot $43/sqft · 6% below area Est $74k · 6% under

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

* * INVESTORS * * Add this 4 bedroom, 1.5 bathroom colonial to your rental portfolio today! The property was recently rehabbed and only needs some light TLC to turn it into an excellent rental property! With Section 8 rents for 4 bedroom properties as high as $1,550/month, this property would be a cash-flow machine for you! The property features an updated kitchen, 2 updated bathrooms w/ ceramic tile, vinyl flooring throughout the 1st floor and carpet throughout the 2nd floor, a 3D architectural shingle roof, vinyl windows, an updated 100 amp electrical panel, forced air heating, a carport, a 2-car garage, and so much more! Located in the Fitzgerald neighborhood, which has seen massive infrastructure investments by the city, including a new greenway, new parks, and an updated boulevard on Livernois Ave! Located about a mile away from the U of D Mercy University and about 2 miles from the Avenue of Fashion, which has also seen millions of $$ of public and private investment in the past few years! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

Key facts

  • Vinyl windows
  • Vinyl flooring
  • Updated bathrooms

Tags

UPDATED KITCHENUPDATED BATHROOMSVINYL FLOORING3D ARCHITECTURAL SHINGLE ROOFVINYL WINDOWSUPDATED ELECTRICAL PANEL

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 4-bed/1.5-bath single-family listed at $70k.

Deal economics

  • At list price, monthly cash flow is $667 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $70k).
  • Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
  • Cap rate 17.7% 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 fast (+6.1%/yr); 346 active listings in the ZIP; 34 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).
  • At $1,455/mo this rent would consume 52% of the median local household income ($33k/yr) (locally 2172% 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 $483 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 + 6.1% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 149 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
  • 20 sale attempts since 5y ago; this cycle's ask has dropped $15k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $50k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $61,512 (12.0% below list)

Questions for the listing agent

  1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1926 — 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
2.08%
Cap rate
17.74%
Cash-on-cash
40.88%
DSCR
2.82
GRM
4.0

CMA / ARV

ARV (median comp)
$74,395
List price
$69,900
Delta
-6.04%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
15396 Kentucky St 0.02mi 3/1.5 (-1) 1,833 (+12%) 6mo $132,050 $72 70
16161 Roselawn St 0.56mi 3/1.5 (-1) 1,666 (+1%) 1mo $169,000 $101 66
16204 Wisconsin St 0.51mi 3/1.5 (-1) 1,536 (-6%) 1mo $163,000 $106 59
16233 Washburn St 0.55mi 3/2.0 (-1) 1,575 (-4%) 6mo $195,000 $124 55
14811 Wisconsin St 0.41mi 5/2.0 (+1) 1,812 (+10%) 3mo $143,000 $79 54
15087 Pinehurst St 0.45mi 3/1.0 (-1) 1,497 (-9%) 4mo $55,000 $37 54
16224 Washburn St 0.54mi 3/1.5 (-1) 1,790 (+9%) 1mo $174,999 $98 54
15767 Northlawn St 0.33mi 5/2.0 (+1) 1,420 (-14%) 3mo $55,000 $39 52
16546 Wisconsin St 0.62mi 3/1.0 (-1) 1,577 (-4%) 7mo $77,000 $49 51
15861 Tuller St 0.63mi 5/1.5 (+1) 1,768 (+8%) 2mo $28,000 $16 51
16500 Griggs St 0.62mi 3/1.5 (-1) 1,427 (-13%) 4mo $130,000 $91 41
15710 Steel St 0.69mi 3/1.0 (-1) 1,445 (-12%) 5mo $149,000 $103 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 · 6.14% rent growth · sell at horizon

5-year hold
IRR
40.9%
Equity multiple
2.83×
Total profit
$35,903
Equity at exit
$10,422
10-year hold
IRR
48.6%
Equity multiple
6.46×
Total profit
$106,793
Equity at exit
$6,044

Cash invested: $19,572 (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 48238

Home prices YoY
-14.4%
Rents YoY
6.1%
Active inventory
346
Price-to-rent
4.0×

Monthly cashflow live

Estimated rent
$1,455 high interval (Pro) →
Mortgage (P&I)
$367
Tax est. 1.5%
$87 /mo · $1,048/yr
Insurance
$29
HOA
$0
Vacancy / Maint / Mgmt
$306
Net cashflow
$667

Break-even live

Break-even rent $611
Max offer price $69,900
Occupancy floor 49%

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
$17,475
Closing costs
$2,097
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 34 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
15756 Ohio St Detroit, MI 5.0 2.0 1934 $1,700 $0.88 24d 1 0.25mi
15457 Cloverlawn St Detroit, MI 3.0 2.0 1500 $1,275 $0.85 24d 1 0.29mi
15708 Birwood St Detroit, MI 3.0 1.0 1255 $1,100 $0.88 5d 1 0.34mi
16183 Wisconsin St Detroit, MI 3.0 1.5 1370 $1,400 $1.02 44d 1 0.49mi
16211 Kentucky St Detroit, MI 4.0 2.0 2168 $1,995 $0.92 17d 1 0.51mi
Ohio St Unit 4 Detroit, MI 4.0 1.5 1400 $750 $0.54 44d 1 0.62mi
16546 Wisconsin St Detroit, MI 3.0 1.0 1577 $1,500 $0.95 44d 1 0.62mi
16255 Lilac St Detroit, MI 3.0 1.0 1312 $1,394 $1.06 17d 1 0.78mi
14242 Ohio St Detroit, MI 4.0 1.0 1400 $1,000 $0.71 44d 1 0.81mi
16889 Washburn St Detroit, MI 3.0 1.5 1300 $1,100 $0.85 17d 1 0.83mi
16934 Ilene St Detroit, MI 3.0 1.5 1516 $1,400 $0.92 20d 1 0.88mi
16722 Tuller St Detroit, MI 3.0 1.5 1100 $1,500 $1.36 17d 1 0.94mi
13979 Cherrylawn St Detroit, MI 3.0 1.0 1296 $1,334 $1.03 20d 1 1.00mi
16230 Cheyenne St Detroit, MI 3.0 1.0 1653 $1,450 $0.88 44d 1 1.01mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 2d 1 1.01mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 17d 1 1.01mi
16582 Santa Rosa Dr Detroit, MI 3.0 1.0 1314 $1,399 $1.06 17d 1 1.03mi
13965 Mendota St Detroit, MI 3.0 1.0 1222 $1,294 $1.06 17d 1 1.07mi
13620 Kentucky St Detroit, MI 3.0 1.0 1248 $1,200 $0.96 5d 1 1.11mi
17163 Prairie St Unit 1B Detroit, MI 3.0 1.5 1317 $1,350 $1.03 44d 1 1.16mi
17368 Woodingham Dr Detroit, MI 3.0 1.5 1200 $1,800 $1.50 44d 1 1.18mi
15387 Lesure St Detroit, MI 3.0 1.0 1064 $1,350 $1.27 12d 1 1.20mi
17145 Santa Rosa Dr Unit 1 Detroit, MI 3.0 1.0 1050 $1,400 $1.33 18d 1 1.22mi
17530 Roselawn St Unit 1 Detroit, MI 3.0 2.0 1600 $2,000 $1.25 24d 1 1.22mi
13620 Tuller St Detroit, MI 4.0 1.0 1064 $1,374 $1.29 12d 1 1.25mi
17540 Pinehurst St Detroit, MI 3.0 1.0 1200 $1,395 $1.16 44d 1 1.26mi
15345 Parkside St Detroit, MI 3.0 1.0 1152 $1,300 $1.13 44d 1 1.35mi
16505 Stansbury St Detroit, MI 3.0 1.0 1100 $1,250 $1.14 11d 1 1.39mi
16505 Stansbury St Detroit, MI 3.0 1.0 1700 $1,345 $0.79 44d 1 1.39mi
14590 Ardmore St Detroit, MI 3.0 1.0 1200 $1,195 $1.00 3d 1 1.44mi
4287 W Grand St Unit 4289 Detroit, MI 3.0 1.0 1250 $1,000 $0.80 44d 1 1.47mi
15762 Mark Twain St Detroit, MI 3.0 2.0 1430 $1,250 $0.87 17d 1 1.47mi
14284 Cruse St Detroit, MI 3.0 1.0 1121 $1,150 $1.03 17d 1 1.50mi
13225 Santa Rosa Dr Detroit, MI 5.0 2.0 2100 $1,700 $0.81 5d 1 1.50mi

Listing history 50 events

  1. 2026-06-18
    days on market $69,900 Active 149 DOM
  2. 2026-06-17
    days on market $69,900 Active 148 DOM
  3. 2026-06-15
    days on market $69,900 Active 146 DOM
  4. 2026-06-13
    days on market $69,900 Active 144 DOM
  5. 2026-06-13
    days on market $69,900 Active 143 DOM
  6. 2026-06-09
    days on market $69,900 Active 140 DOM
  7. 2026-06-08
    days on market $69,900 Active 139 DOM
  8. 2026-06-07
    days on market $69,900 Active 138 DOM
  9. 2026-06-04
    days on market $69,900 Active 135 DOM
  10. 2026-06-03
    days on market $69,900 Active 134 DOM
  11. 2026-06-01
    days on market $69,900 Active 132 DOM
  12. 2026-05-31
    days on market $69,900 Active 131 DOM
  13. 2026-05-08
    price $69,900 1239-char remark
    Show marketing remark (1239 chars)

    * * INVESTORS * * Add this 4 bedroom, 1.5 bathroom colonial to your rental portfolio today! The property was recently rehabbed and only needs some light TLC to turn it into an excellent rental property! With Section 8 rents for 4 bedroom properties as high as $1,550/month, this property would be a cash-flow machine for you! The property features an updated kitchen, 2 updated bathrooms w/ ceramic tile, vinyl flooring throughout the 1st floor and carpet throughout the 2nd floor, a 3D architectural shingle roof, vinyl windows, an updated 100 amp electrical panel, forced air heating, a carport, a 2-car garage, and so much more! Located in the Fitzgerald neighborhood, which has seen massive infrastructure investments by the city, including a new greenway, new parks, and an updated boulevard on Livernois Ave! Located about a mile away from the U of D Mercy University and about 2 miles from the Avenue of Fashion, which has also seen millions of $$ of public and private investment in the past few years! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

  14. 2026-05-08
    price $69,900 1239-char remark
    Show marketing remark (1239 chars)

    * * INVESTORS * * Add this 4 bedroom, 1.5 bathroom colonial to your rental portfolio today! The property was recently rehabbed and only needs some light TLC to turn it into an excellent rental property! With Section 8 rents for 4 bedroom properties as high as $1,550/month, this property would be a cash-flow machine for you! The property features an updated kitchen, 2 updated bathrooms w/ ceramic tile, vinyl flooring throughout the 1st floor and carpet throughout the 2nd floor, a 3D architectural shingle roof, vinyl windows, an updated 100 amp electrical panel, forced air heating, a carport, a 2-car garage, and so much more! Located in the Fitzgerald neighborhood, which has seen massive infrastructure investments by the city, including a new greenway, new parks, and an updated boulevard on Livernois Ave! Located about a mile away from the U of D Mercy University and about 2 miles from the Avenue of Fashion, which has also seen millions of $$ of public and private investment in the past few years! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

  15. 2026-02-11
    price $79,900 1239-char remark
    Show marketing remark (1239 chars)

    * * INVESTORS * * Add this 4 bedroom, 1.5 bathroom colonial to your rental portfolio today! The property was recently rehabbed and only needs some light TLC to turn it into an excellent rental property! With Section 8 rents for 4 bedroom properties as high as $1,550/month, this property would be a cash-flow machine for you! The property features an updated kitchen, 2 updated bathrooms w/ ceramic tile, vinyl flooring throughout the 1st floor and carpet throughout the 2nd floor, a 3D architectural shingle roof, vinyl windows, an updated 100 amp electrical panel, forced air heating, a carport, a 2-car garage, and so much more! Located in the Fitzgerald neighborhood, which has seen massive infrastructure investments by the city, including a new greenway, new parks, and an updated boulevard on Livernois Ave! Located about a mile away from the U of D Mercy University and about 2 miles from the Avenue of Fashion, which has also seen millions of $$ of public and private investment in the past few years! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

  16. 2026-02-11
    price $79,900 1239-char remark
    Show marketing remark (1239 chars)

    * * INVESTORS * * Add this 4 bedroom, 1.5 bathroom colonial to your rental portfolio today! The property was recently rehabbed and only needs some light TLC to turn it into an excellent rental property! With Section 8 rents for 4 bedroom properties as high as $1,550/month, this property would be a cash-flow machine for you! The property features an updated kitchen, 2 updated bathrooms w/ ceramic tile, vinyl flooring throughout the 1st floor and carpet throughout the 2nd floor, a 3D architectural shingle roof, vinyl windows, an updated 100 amp electrical panel, forced air heating, a carport, a 2-car garage, and so much more! Located in the Fitzgerald neighborhood, which has seen massive infrastructure investments by the city, including a new greenway, new parks, and an updated boulevard on Livernois Ave! Located about a mile away from the U of D Mercy University and about 2 miles from the Avenue of Fashion, which has also seen millions of $$ of public and private investment in the past few years! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

  17. 2026-01-20
    listed $84,900 Active 1239-char remark
    Show marketing remark (1239 chars)

    * * INVESTORS * * Add this 4 bedroom, 1.5 bathroom colonial to your rental portfolio today! The property was recently rehabbed and only needs some light TLC to turn it into an excellent rental property! With Section 8 rents for 4 bedroom properties as high as $1,550/month, this property would be a cash-flow machine for you! The property features an updated kitchen, 2 updated bathrooms w/ ceramic tile, vinyl flooring throughout the 1st floor and carpet throughout the 2nd floor, a 3D architectural shingle roof, vinyl windows, an updated 100 amp electrical panel, forced air heating, a carport, a 2-car garage, and so much more! Located in the Fitzgerald neighborhood, which has seen massive infrastructure investments by the city, including a new greenway, new parks, and an updated boulevard on Livernois Ave! Located about a mile away from the U of D Mercy University and about 2 miles from the Avenue of Fashion, which has also seen millions of $$ of public and private investment in the past few years! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

  18. 2026-01-20
    listed $84,900 Active 1239-char remark
    Show marketing remark (1239 chars)

    * * INVESTORS * * Add this 4 bedroom, 1.5 bathroom colonial to your rental portfolio today! The property was recently rehabbed and only needs some light TLC to turn it into an excellent rental property! With Section 8 rents for 4 bedroom properties as high as $1,550/month, this property would be a cash-flow machine for you! The property features an updated kitchen, 2 updated bathrooms w/ ceramic tile, vinyl flooring throughout the 1st floor and carpet throughout the 2nd floor, a 3D architectural shingle roof, vinyl windows, an updated 100 amp electrical panel, forced air heating, a carport, a 2-car garage, and so much more! Located in the Fitzgerald neighborhood, which has seen massive infrastructure investments by the city, including a new greenway, new parks, and an updated boulevard on Livernois Ave! Located about a mile away from the U of D Mercy University and about 2 miles from the Avenue of Fashion, which has also seen millions of $$ of public and private investment in the past few years! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

  19. 2025-04-07
    historical
  20. 2025-04-07
    historical
  21. 2025-03-28
    listed $85,000 Active
  22. 2025-03-27
    listed $85,000 Active
  23. 2025-02-12
    historical
  24. 2025-02-12
    historical
  25. 2025-02-11
    status Active
  26. 2024-12-23
    status Pending
  27. 2024-12-23
    status Pending
  28. 2024-09-06
    price $115,000
  29. 2024-09-06
    price $115,000
  30. 2024-07-25
    listed $125,999 Active
  31. 2024-07-25
    listed $125,999 Active
  32. 2023-10-26
    soldstatus $49,790
  33. 2023-10-09
    status Pending
  34. 2023-10-09
    status Pending
  35. 2023-10-08
    historical
  36. 2023-10-08
    historical
  37. 2023-09-02
    status Active
  38. 2023-09-02
    status Active
  39. 2023-08-26
    status Pending
  40. 2023-08-26
    status Pending
  41. 2023-08-18
    status Active
  42. 2023-08-18
    status Active
  43. 2023-07-18
    historical Accepting Backup Offers
  44. 2023-07-18
    historical Accepting Backup Offers
  45. 2023-06-30
    listed $41,000 Active
  46. 2023-06-30
    listed $41,000 Active
  47. 2023-05-01
    historical
  48. 2023-05-01
    historical
  49. 2022-10-21
    listed $54,000 Active
  50. 2022-10-21
    listed $54,000 Active

ⓘ 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 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 · 14 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
$17,465
− Mortgage interest
−$3,915
− Property taxes
−$1,048
− Insurance
−$350
− Repairs & maintenance
−$1,397
− Management
−$1,397
− Depreciation
−$2,033
Taxable income
$7,324
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,758
After-tax cash flow
$6,243/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)
24,731
Household income
$33,315
Rent vs Own
53.0% rent · 47.0% own
Severe rent burden
2172.0

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 (94%)
Race & ethnicity
Black 94% Two or more races 3% White 1%
Foreign-born
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
▼ -31.96%
Current HPI
189.6227
Rent YoY
▲ 6.14%
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

+592.0% since first listed
55 events — show timeline
  • 2026-05-08 Price Changed $69,900 MiRealSource-MiMLS
  • 2026-05-08 Price Changed $69,900 REALCOMP
  • 2026-02-11 Price Changed $79,900 MiRealSource-MiMLS
  • 2026-02-11 Price Changed $79,900 REALCOMP
  • 2026-01-20 Listed $84,900 REALCOMP
  • 2026-01-20 Listed $84,900 MiRealSource-MiMLS
  • 2025-04-07 Listing Removed MiRealSource-MiMLS
  • 2025-04-07 Listing Removed REALCOMP
  • 2025-03-28 Listed $85,000 REALCOMP
  • 2025-03-27 Listed $85,000 MiRealSource-MiMLS
  • 2025-02-12 Listing Removed REALCOMP
  • 2025-02-12 Listing Removed MiRealSource-MiMLS
  • 2025-02-11 Relisted REALCOMP
  • 2024-12-23 Pending MiRealSource-MiMLS
  • 2024-12-23 Pending REALCOMP
  • 2024-09-06 Price Changed $115,000 MiRealSource-MiMLS
  • 2024-09-06 Price Changed $115,000 REALCOMP
  • 2024-07-25 Listed $125,999 MiRealSource-MiMLS
  • 2024-07-25 Listed $125,999 REALCOMP
  • 2023-10-26 Sold (Public Records) $49,790 Public Records
  • 2023-10-09 Pending MiRealSource-MiMLS
  • 2023-10-09 Pending REALCOMP
  • 2023-10-08 Listing Removed MiRealSource-MiMLS
  • 2023-10-08 Listing Removed REALCOMP
  • 2023-09-02 Relisted MiRealSource-MiMLS
  • 2023-09-02 Relisted REALCOMP
  • 2023-08-26 Pending MiRealSource-MiMLS
  • 2023-08-26 Pending REALCOMP
  • 2023-08-18 Relisted MiRealSource-MiMLS
  • 2023-08-18 Relisted REALCOMP
  • 2023-07-18 Contingent MiRealSource-MiMLS
  • 2023-07-18 Contingent REALCOMP
  • 2023-06-30 Listed $41,000 MiRealSource-MiMLS
  • 2023-06-30 Listed $41,000 REALCOMP
  • 2023-05-01 Listing Removed MiRealSource-MiMLS
  • 2023-05-01 Listing Removed REALCOMP
  • 2022-10-21 Listed $54,000 MiRealSource-MiMLS
  • 2022-10-21 Listed $54,000 REALCOMP
  • 2022-05-23 Listing Removed REALCOMP
  • 2022-05-22 Listing Removed MiRealSource-MiMLS
  • 2022-05-02 Price Changed $44,800 MiRealSource-MiMLS
  • 2022-05-02 Price Changed $44,800 REALCOMP
  • 2022-04-15 Relisted REALCOMP
  • 2022-04-12 Listing Removed REALCOMP
  • 2022-02-17 Price Changed $47,800 MiRealSource-MiMLS
  • 2022-02-17 Price Changed $47,800 REALCOMP
  • 2021-11-17 Listed $54,800 MiRealSource-MiMLS
  • 2021-11-17 Listed $54,800 REALCOMP
  • 2021-09-25 Listing Removed REALCOMP
  • 2021-09-24 Listing Removed MiRealSource-MiMLS
  • 2021-08-11 Price Changed $55,000 MiRealSource-MiMLS
  • 2021-08-11 Price Changed $55,000 REALCOMP
  • 2021-08-11 Listed $4,500,000 MiRealSource-MiMLS
  • 2021-08-11 Listed $4,500,000 REALCOMP
  • 1998-07-29 Sold (Public Records) $10,101 Public Records

Property tax history

+10.2%/yr

Latest (2025): $3,929 · -54.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…