10336 W Point St · Detroit, MI 48204

$129,900

5 bd · 1.5 ba · 1,984 sqft · Townhouse public records · 151 Days on market

Built 1929 4,792 sqft lot $65/sqft · 141% above area

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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 +29.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

Key facts

• 4,792 sq ft lot
• Built 1929
• Listed 150 days

What this means for you Summary

Snapshot

• This is a 5-bed/1.5-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

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: 244 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,646/mo this rent would consume 57% of the median local household income ($34k/yr) (locally 1418% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $14k of equity ($898 loan paydown + $13k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $3k; list at $130k implies a 4230% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 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 1929 — 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: 1.27% ✓
• Cap rate: 10.40%
• Cash-on-cash: 14.65%
• DSCR: 1.65
• GRM: 6.6

CMA / ARV

• ARV (median comp): $54,420
• List price: $129,900
• Delta: 138.70%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.1%
• Equity multiple: 3.72×
• Total profit: $99,031
• Equity at exit: $117,024

10-year hold

• IRR: 30.2%
• Equity multiple: 8.41×
• Total profit: $269,386
• Equity at exit: $252,367

Cash invested: $36,372 (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 48204

• Home prices YoY: 18.5%
• Active inventory: 244
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,646 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$121 /mo · $1,453/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $444

Break-even live

Break-even rent $1,084

Max offer price $129,900

Occupancy floor 68%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8143 Wisconsin St Detroit, MI	4.0	1.0	1370	$1,800	$1.31	1d	1	0.68mi

Listing history 33 events

1. 2026-06-18
   days on market $129,900 Active 151 DOM
2. 2026-06-17
   days on market $129,900 Active 150 DOM
3. 2026-06-15
   days on market $129,900 Active 148 DOM
4. 2026-06-13
   days on market $129,900 Active 146 DOM
5. 2026-06-13
   days on market $129,900 Active 145 DOM
6. 2026-06-09
   days on market $129,900 Active 142 DOM
7. 2026-06-08
   days on market $129,900 Active 141 DOM
8. 2026-06-07
   days on market $129,900 Active 140 DOM
9. 2026-06-04
   days on market $129,900 Active 137 DOM
10. 2026-06-03
    days on market $129,900 Active 136 DOM
11. 2026-06-01
    days on market $129,900 Active 134 DOM
12. 2026-05-31
    days on market $129,900 Active 133 DOM
13. 2026-05-07
    price $129,900 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

14. 2026-05-06
    price $129,900 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

15. 2026-03-16
    price $139,900 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

16. 2026-03-16
    price $139,900

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

17. 2026-03-16
    price $139,900 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

18. 2026-03-04
    status Active 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

19. 2026-03-03
    historical 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

20. 2026-02-05
    historical
21. 2026-01-19
    listed $144,900 Active

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

22. 2026-01-19
    listed $144,900 Active 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

23. 2026-01-19
    listed $144,900 Active

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

24. 2026-01-19
    listed $144,900 Active 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

25. 2026-01-16
    historical $144,900 487-char remark

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

26. 2026-01-16
    historical $144,900

    Show marketing remark (487 chars)

    Nestled at 10336 W Point ST, Detroit, MI, this single-family residence awaits your personal touch to restore its original splendor. Built in 1929, this property offers a unique opportunity to own a piece of Detroit's history. The residence boasts a generous five bedrooms, providing ample space for a variety of living arrangements. Imagine each room transformed into a personalized haven, reflecting your unique style and needs. This property is ready to be shaped into your dream home.

27. 2015-06-08
    historical
28. 2014-12-12
    listed $700
29. 2014-05-29
    soldstatus $3,000
30. 2014-05-29
    soldstatus $3,000
31. 2014-04-18
    historical
32. 2014-04-08
    listed $3,000
33. 2014-04-08
    listed $3,000

ⓘ 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: $1,453 · $121/mo
• Projected year-2 tax: $1,727 · $144/mo
• Expected delta: +$274/yr (+$23/mo · 18.8%)

ⓘ 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 ≥97°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: $19,755
• − Mortgage interest: −$7,276
• − Property taxes: −$1,453
• − Insurance: −$650
• − Repairs & maintenance: −$1,580
• − Management: −$1,580
• − Depreciation: −$3,779
• Taxable income: $3,436
• Est. tax owed @ 24.0%: −$825
• After-tax cash flow: $4,504/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): 20,696
• Household income: $34,468
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1418.0

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 (86%)
• Race & ethnicity: Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▲ 36.51%
• Current HPI: 234.0465
• 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

+4230.0% since first listed

21 events — show timeline

• 2026-05-07 Price Changed $129,900 MiRealSource-MiMLS
• 2026-05-06 Price Changed $129,900 REALCOMP
• 2026-03-16 Price Changed $139,900 MiRealSource-MiMLS
• 2026-03-16 Price Changed $139,900 MiRealSource-MiMLS
• 2026-03-16 Price Changed $139,900 REALCOMP
• 2026-03-04 Relisted — REALCOMP
• 2026-03-03 Listing Removed — REALCOMP
• 2026-02-05 Listing Removed — REALCOMP
• 2026-01-19 Listed $144,900 REALCOMP
• 2026-01-19 Listed $144,900 MiRealSource-MiMLS
• 2026-01-19 Listed $144,900 MiRealSource-MiMLS
• 2026-01-19 Listed $144,900 REALCOMP
• 2026-01-16 Coming Soon $144,900 MiRealSource-MiMLS
• 2026-01-16 Coming Soon $144,900 MiRealSource-MiMLS
• 2015-06-08 Listing Removed — MiRealSource-MiMLS
• 2014-12-12 Listed $700 MiRealSource-MiMLS
• 2014-05-29 Sold (MLS) $3,000 REALCOMP
• 2014-05-29 Sold (MLS) $3,000 MiRealSource-MiMLS
• 2014-04-18 Listing Removed — MiRealSource-MiMLS
• 2014-04-08 Listed $3,000 REALCOMP
• 2014-04-08 Listed $3,000 MiRealSource-MiMLS

Property tax history

+0.1%/yr

Latest (2025): $1,453 · -49.5% YoY. Source: county tax records.