334 Cavalry St · Detroit, MI 48209

$120,000

3 bd · 1.0 ba · 793 sqft · SingleFamily public records · 23 Days on market

Built 1890 1,742 sqft lot

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Why this score? — see what drove the C 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 +18.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +3.9/10.0
• 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

* * * Property is rented for $1200 per month * * * Charming Starter Home in Detroit's Delray Neighborhood – 334 Cavalry St Discover this cozy 3-bedroom, 1-bathroom single-family home at 334 Cavalry St, Detroit, MI 48209. Perfect for first-time buyers, investors, or anyone looking for an affordable opportunity in an up-and-coming offering flexibility for family, guests, or home office space This home sits in the historic Delray neighborhood, just walking distance from the brand-new Gordie Howe International Bridge (also known as the New International Trade Crossing). The bridge is nearing completion and will soon connect Detroit directly to Windsor, Ontario - bringing exciting new opportunities, improved connectivity, and increased demand to the area!!!!

Key facts

• Delray neighborhood
• 1,742 sq ft lot
• Built 1890

Tags

• DELRAY NEIGHBORHOOD
• WALKING DISTANCE TO BRIDGE
• HISTORIC NEIGHBORHOOD

Property features AI

Exterior

• Parking: No garage
• Utilities: Water available; Sewer available
• Home design: Single-family residence; One and one-half stories; Ground-level entry with steps
• Construction: Steel siding; Brick/mortar foundation
• Exterior features: Paved road access; Lot approximately 0.04 acres (30 x 63.68)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating with natural gas; No cooling
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $123 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $107k (10.8% below list).
• Recommended offer: $107k (10.8% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 10.2% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 66 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); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($830 loan paydown + $12k 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 $34k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $107,099 (10.8% below list)

Questions for the listing agent

1. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 0.89% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.40%
• DSCR: 1.20
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 27.4%
• Equity multiple: 3.18×
• Total profit: $73,148
• Equity at exit: $108,106

10-year hold

• IRR: 24.0%
• Equity multiple: 7.22×
• Total profit: $209,143
• Equity at exit: $233,134

Cash invested: $33,600 (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 48209

• Home prices YoY: 21.8%
• Active inventory: 66
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,071 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$44 /mo · $524/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$225
• Net cashflow: $123

Break-even live

Break-even rent $915

Max offer price $120,000

Occupancy floor 84%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6628 W Lafayette Blvd Detroit, MI	2.0	1.0	900	$965	$1.07	43d	1	0.53mi
6720 Regular St Unit 6724 Detroit, MI	2.0	1.0	750	$950	$1.27	43d	1	0.72mi
1729 Vinewood St Unit 2 Detroit, MI	2.0	1.0	893	$775	$0.87	12d	1	1.05mi
7263 Senator St Detroit, MI	2.0	1.0	909	$1,300	$1.43	43d	1	1.18mi

Listing history 15 events

1. 2026-06-18
   days on market $120,000 Active 23 DOM
2. 2026-06-17
   days on market $120,000 Active 22 DOM
3. 2026-06-15
   days on market $120,000 Active 20 DOM
4. 2026-06-13
   days on market $120,000 Active 18 DOM
5. 2026-06-13
   days on market $120,000 Active 17 DOM
6. 2026-06-09
   days on market $120,000 Active 14 DOM
7. 2026-06-08
   days on market $120,000 Active 13 DOM
8. 2026-06-07
   days on market $120,000 Active 12 DOM
9. 2026-06-04
   days on market $120,000 Active 9 DOM
10. 2026-06-03
    days on market $120,000 Active 8 DOM
11. 2026-06-02
    days on market $120,000 Active 7 DOM
12. 2026-06-01
    days on market $120,000 Active 6 DOM
13. 2026-05-31
    days on market $120,000 Active 5 DOM
14. 2026-05-26
    listed $120,000 Active
15. 2026-05-24
    listed $120,000 Active 790-char remark

    Show marketing remark (790 chars)

    * * * Property is rented for $1200 per month * * * Charming Starter Home in Detroit's Delray Neighborhood – 334 Cavalry St Discover this cozy 3-bedroom, 1-bathroom single-family home at 334 Cavalry St, Detroit, MI 48209. Perfect for first-time buyers, investors, or anyone looking for an affordable opportunity in an up-and-coming offering flexibility for family, guests, or home office space This home sits in the historic Delray neighborhood, just walking distance from the brand-new Gordie Howe International Bridge (also known as the New International Trade Crossing). The bridge is nearing completion and will soon connect Detroit directly to Windsor, Ontario - bringing exciting new opportunities, improved connectivity, and increased demand to the area!!!!

ⓘ 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: $524 · $44/mo
• Projected year-2 tax: $1,186 · $99/mo
• Expected delta: +$662/yr (+$55/mo · 126.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,852
• − Mortgage interest: −$6,722
• − Property taxes: −$524
• − Insurance: −$600
• − Repairs & maintenance: −$1,028
• − Management: −$1,028
• − Depreciation: −$3,491
• Taxable loss: −$541
• Est. tax savings @ 24.0%: +$130
• After-tax cash flow: $1,607/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): 27,184
• Household income: $43,161
• Rent vs Own: 38.8% rent · 61.2% own
• Severe rent burden: 831.0

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 Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% White 17% Two or more races 14% Black 6% Native American 2%
• Hispanic origin (detail): Mexican 58% Puerto Rican 7% Cuban 1%
• Common ancestry: Romanian 2% Lithuanian 0%
• Foreign-born: 26% · Canada
• Languages at home: 38% English-only · Spanish 62%

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: ▲ 73.77%
• Current HPI: 412.9753
• Rent YoY: —
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-05-26 Listed $120,000 REALCOMP
• 2026-05-24 Listed $120,000 MiRealSource-MiMLS

Property tax history

+0.8%/yr

Latest (2025): $524 · -52.7% YoY. Source: county tax records.