15602 Northline Rd · Southgate, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- 28.7%
- Equity multiple
- 2.21×
- Total profit
- $33,957
- Equity at exit
- $14,895
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2025-12-30status 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 *
-
2025-12-30status 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 *
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2025-12-19status 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 *
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2025-12-19status 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 *
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2025-12-01status 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 *
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2025-12-01status 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 *
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2025-11-22price $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 *
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2025-11-22price $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 *
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2025-11-21price $99,900
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2025-10-30price $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 *
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2025-10-30price $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 *
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2025-10-30price $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 *
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2025-10-06price $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 *
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2025-10-06price $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 *
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2025-10-06price $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 *
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2025-09-06price $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 *
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2025-09-06price $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 *
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2025-09-05price $174,900
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2025-08-13$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 *
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2025-08-13$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 *
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2014-05-29historical
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2013-05-29$205,000
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2013-05-17historical
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2012-05-17$195,000
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2012-05-01historical
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2007-07-05$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
- 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
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
- 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 |
|---|---|---|
| Automotive Parts | 3 | $48B |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
-52.8% since first listed26 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%/yrLatest (2025): $1,925 · -35.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…