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15602 Northline Rd
B Composite 70.24
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 +4.2/5.0
  • Rent growth +3.5/5.0
  • Schools +2.5/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$99,900

15602 Northline Rd · Southgate, MI 48195
3 bd · 1.0 ba · 1,644 sqft · SingleFamily public records · 121 Days on market
Built 1900 3,920 sqft lot ↓ 53% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

Key facts

  • Basement
  • Detached garage
  • 3,920 sq ft lot

Tags

BASEMENTDETACHED GARAGESOUTHGATE SCHOOL DISTRICTZONED RO-1 RESTRICTED OFFICE

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 3-bed/1.0-bath single-family listed at $100k.

Deal economics

  • At list price, monthly cash flow is $755 ($9k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $100k).
  • Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
  • Cap rate 15.4% vs local median 5.2% in Southgate — 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 85/100 on livability (#29 in MI, #582 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D, crime D-.
  • Southgate Community School District (suburban): math 21% / reading 36% proficiency, ranked #379 of 540 in MI (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Market conditions: Rents rising fast (+4.0%/yr); 115 active listings in the ZIP; 4 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; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • This rent runs 34% of the median local income ($66k/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 $691 of loan paydown is wiped out by about $3k 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 + 4.0% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 121 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
  • 7 sale attempts since 19y ago; this cycle's ask has dropped $100k (50%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

  1. It's been on market 121 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 1900 — 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 D-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 D 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
1.88%
Cap rate
15.37%
Cash-on-cash
32.41%
DSCR
2.44
GRM
4.4

CMA / ARV

ARV (on-the-fly)
$320,580
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
13139 Mulberry St 0.59mi 3/2.5 1,665 (+1%) 2mo $325,000 $195 63
12630 Churchill Ave 0.21mi 4/3.0 (+1) 1,774 (+8%) 3mo $364,990 $206 61
12540 Churchill Ave 0.24mi 4/3.0 (+1) 1,774 (+8%) 6mo $324,991 $183 57
12550 Devoe St 0.17mi 4/2.0 (+1) 1,836 (+12%) 9mo $270,000 $147 56
12503 Timber Ct 0.27mi 4/3.0 (+1) 1,774 (+8%) 6mo $361,990 $204 56
12665 Pine Forest Ct 0.22mi 4/3.0 (+1) 1,774 (+8%) 10mo $364,990 $206 55
12450 Churchill Ave 0.28mi 4/3.0 (+1) 1,774 (+8%) 7mo $356,990 $201 55
15405 Wesley St 0.34mi 4/3.0 (+1) 1,774 (+8%) 7mo $359,990 $203 52
13283 Drake St 0.36mi 4/2.0 (+1) 1,788 (+9%) 18mo $203,000 $114 44
13158 Kimberly St 0.52mi 3/2.0 1,818 (+11%) 16mo $270,000 $149 41
14885 Brest St 0.63mi 3/2.0 1,400 (-15%) 6mo $209,000 $149 37
13676 Mulberry St 0.68mi 3/2.0 1,468 (-11%) 13mo $250,000 $170 36

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 · 4.04% rent growth · sell at horizon

5-year hold
IRR
28.7%
Equity multiple
2.21×
Total profit
$33,957
Equity at exit
$14,895
10-year hold
IRR
36.7%
Equity multiple
4.58×
Total profit
$100,034
Equity at exit
$8,638

Cash invested: $27,972 (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 48195

Rents YoY
4.0%
Active inventory
115
Price-to-rent
4.4×

Monthly cashflow live

Estimated rent
$1,875 medium interval (Pro) →
Mortgage (P&I)
$524
Tax from tax record
$160 /mo · $1,925/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$394
Net cashflow
$755

Break-even live

Break-even rent $919
Max offer price $99,900
Occupancy floor 55%

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
$24,975
Closing costs
$2,997
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 4 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
12939 Devoe St Southgate, MI 3.0 1.0 1177 $1,695 $1.44 44d 1 0.04mi
13165 Turnberry Ct Southgate, MI 2.0 2.0 1275 $1,795 $1.41 44d 1 0.28mi
13165 Turnberry Ct Southgate, MI 2.0 2.0 1275 $1,795 $1.41 5d 1 0.28mi
13020 Pullman St Southgate, MI 4.0 1.0 1050 $1,550 $1.48 3d 1 1.46mi

Listing history 26 events

  1. 2025-12-30
    status Pending 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  2. 2025-12-30
    status Pending
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  3. 2025-12-19
    status Active 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  4. 2025-12-19
    status Active
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  5. 2025-12-01
    status Pending 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  6. 2025-12-01
    status Pending
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  7. 2025-11-22
    price $99,900
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  8. 2025-11-22
    price $99,900 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  9. 2025-11-21
    price $99,900
  10. 2025-10-30
    price $124,900
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  11. 2025-10-30
    price $124,900 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  12. 2025-10-30
    price $124,900
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  13. 2025-10-06
    price $149,900
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  14. 2025-10-06
    price $149,900 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  15. 2025-10-06
    price $149,900
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  16. 2025-09-06
    price $174,900
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  17. 2025-09-06
    price $174,900 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  18. 2025-09-05
    price $174,900
  19. 2025-08-13
    listed $199,900 Active 818-char remark
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  20. 2025-08-13
    listed $199,900 Active
    Show marketing remark (818 chars)

    This 3 bedroom, 1 bath home offers 1,644 SQFT of living space, a basement, and a 2 car detached garage. While it needs some work and TLC, it has great bones and plenty of potential - whether you choose to live in it, rent it out, or convert it for business use. Located in the Southgate School District, the property is being sold AS-IS and is currently zoned RO-1 Restricted Office. Permitted uses include, but are not limited to, office buildings, medical offices (including labs and clinics), facilities for human care such as hospitals and sanitariums, banks, credit unions, barber shops, and beauty shops. All business uses must be approved by the city. Schedule a showing today! BTVAI * Property recently had a leak and the back of home near the kitchen/laundry area has water damage. Cash Only, selling as-is *

  21. 2014-05-29
    historical
  22. 2013-05-29
    listed $205,000
  23. 2013-05-17
    historical
  24. 2012-05-17
    listed $195,000
  25. 2012-05-01
    historical
  26. 2007-07-05
    listed $211,500

ⓘ 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
$1,925 · $160/mo
Projected year-2 tax
$1,925 · $160/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 3 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
$22,501
− Mortgage interest
−$5,596
− Property taxes
−$1,925
− Insurance
−$500
− Repairs & maintenance
−$1,800
− Management
−$1,800
− Depreciation
−$2,906
Taxable income
$7,974
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,914
After-tax cash flow
$7,151/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
Southgate Community School District
NCES district ID
2632340
Math proficiency
21% ▼ -8.00%
Reading proficiency
36% ▬ 0.00%
Median HH income
$49,234
Composite
24.83/100
National rank
#7591
State rank
#379 of 540 in MI

Livability — Southgate

Score
85/100
State rank
#29
US rank
#582

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime D- Employment B- Housing A+ Health & safety B- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Southgate, MI
County
Wayne County · 1,562,939 people
City population
29,366
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
29,366
Household income
$66,118
Rent vs Own
32.8% rent · 67.2% own
Severe rent burden
727.0

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 White (75%)
Race & ethnicity
White 75% Hispanic / Latino 11% Black 8% Two or more races 8% Asian 3%
Hispanic origin (detail)
Mexican 8% Puerto Rican 1%
Common ancestry
Romanian 9% Lithuanian 3% Slovak 3%
Foreign-born
6% · Canada, China
Languages at home
90% English-only · Other Indo-European 4% Spanish 3% Other Asian/Pacific 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
▼ -187.28%
Current HPI
207.9776
Rent YoY
▲ 4.04%
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

-52.8% since first listed
26 events — show timeline
  • 2025-12-30 Pending MiRealSource-MiMLS
  • 2025-12-30 Pending REALCOMP
  • 2025-12-19 Relisted MiRealSource-MiMLS
  • 2025-12-19 Relisted REALCOMP
  • 2025-12-01 Pending MiRealSource-MiMLS
  • 2025-12-01 Pending REALCOMP
  • 2025-11-22 Price Changed $99,900 MiRealSource-MiMLS
  • 2025-11-22 Price Changed $99,900 MiRealSource-MiMLS
  • 2025-11-21 Price Changed $99,900 REALCOMP
  • 2025-10-30 Price Changed $124,900 MiRealSource-MiMLS
  • 2025-10-30 Price Changed $124,900 MiRealSource-MiMLS
  • 2025-10-30 Price Changed $124,900 REALCOMP
  • 2025-10-06 Price Changed $149,900 MiRealSource-MiMLS
  • 2025-10-06 Price Changed $149,900 MiRealSource-MiMLS
  • 2025-10-06 Price Changed $149,900 REALCOMP
  • 2025-09-06 Price Changed $174,900 MiRealSource-MiMLS
  • 2025-09-06 Price Changed $174,900 MiRealSource-MiMLS
  • 2025-09-05 Price Changed $174,900 REALCOMP
  • 2025-08-13 Listed $199,900 REALCOMP
  • 2025-08-13 Listed $199,900 MiRealSource-MiMLS
  • 2014-05-29 Listing Removed MiRealSource-MiMLS
  • 2013-05-29 Listed $205,000 MiRealSource-MiMLS
  • 2013-05-17 Listing Removed MiRealSource-MiMLS
  • 2012-05-17 Listed $195,000 MiRealSource-MiMLS
  • 2012-05-01 Listing Removed MiRealSource-MiMLS
  • 2007-07-05 Listed $211,500 MiRealSource-MiMLS

Property tax history

+1.4%/yr

Latest (2025): $1,925 · -35.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…