14561 Saint Marys St · Detroit, MI 48227

$135,000

3 bd · 1.0 ba · 1,497 sqft · SingleFamily public records · 22 Days on market

Built 1927 3,920 sqft lot

---

Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +4.9/10.0
• DSCR +4.6/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this beautiful 1500 sq foot colonial is a prime location. House has 3 bedrooms, living room with fireplace, formal dining room and a library/den with all new paint and flooring. All vinyl windows. Covered front porch. This home is move in ready. Roof, furnace, HWT, plumbing, electrical, windows are all in great condition. This is a great price in a great neighborhood.

Key facts

• Covered front porch
• Great condition
• Formal dining room

Tags

• LIVING ROOM WITH FIREPLACE
• FORMAL DINING ROOM
• LIBRARY DEN
• COVERED FRONT PORCH
• MOVE IN READY
• GREAT CONDITION

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: On-street parking; Paved parking
• Utilities: Public sewer; Water available; Sewer available
• Home design: Two-story single-family home; Brick exterior; Residential zoning
• Construction: Brick construction; Block foundation; Above-grade living area approximately 1,497
• Exterior features: Patio; Porch; Fenced yard; Paved road access

Interior

• Kitchen: Gas water heater
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Eat-in kitchen; Wood-burning fireplace; Unfinished block basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $41 ($494/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 $133k (1.2% below list).
• Recommended offer: $133k (1.5% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 10.0% 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: 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.
• Zoned schools: Edison Elementary School (math 10% / reading 10%, grade F, #1,230 of 1,397 statewide, top 91%, 309 students, 89% FRL); Cody High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 466 students, 88% FRL) — zoned schools at 88% FRL track the district average.
• Market conditions: Rents rising fast (+5.6%/yr); 392 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).
• This rent runs 44% of the median local income ($37k/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 $933 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 7y ago 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.
• Current owner paid $85k; list at $135k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,975 (1.5% below list)

Questions for the listing agent

1. Built in 1927 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.99% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.31%
• DSCR: 1.06
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $77,844
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14736 Mansfield St	0.18mi	3/1.0	1,318 (-12%)	0mo	$62,000	$47	72
14689 Forrer St	0.25mi	3/1.5	1,627 (+9%)	3mo	$65,000	$40	69
14000 Rutland St	0.58mi	3/1.5	1,461 (-2%)	1mo	$95,000	$65	66
13995 Montrose St	0.54mi	3/1.5	1,468 (-2%)	4mo	$116,600	$79	66
14529 Asbury Park	0.12mi	4/2.0 (+1)	1,688 (+13%)	4mo	$127,500	$76	61
15357 Rutherford St	0.54mi	3/1.5	1,592 (+6%)	2mo	$45,000	$28	60
15455 Lindsay St St	0.70mi	3/2.0	1,500 (+0%)	4mo	$198,000	$132	59
15482 Rutherford St	0.66mi	3/1.0	1,653 (+10%)	0mo	$65,000	$39	52
14837 Ashton Rd	0.68mi	3/1.5	1,386 (-7%)	2mo	$200,000	$144	52
14124 Sussex St	0.68mi	3/1.0	1,646 (+10%)	3mo	$70,000	$43	49
15328 Prest St E	0.68mi	3/1.5	1,298 (-13%)	3mo	$66,999	$52	42
15727 Mansfield St	0.72mi	3/1.5	1,300 (-13%)	3mo	$55,000	$42	40

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: -11.1%
• Equity multiple: 0.59×
• Total profit: $-15,622
• Equity at exit: $20,129

10-year hold

• IRR: 1.8%
• Equity multiple: 1.14×
• Total profit: $5,478
• Equity at exit: $11,672

Cash invested: $37,800 (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 48227

• Rents YoY: 5.6%
• Active inventory: 392
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,334 high
• Mortgage (P&I): −$708
• Tax from tax record: −$248 /mo · $2,979/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $41

Break-even live

Break-even rent $1,282

Max offer price $135,000

Occupancy floor 92%

Sensitivity live

Price	-10% $118	-5% $79	+0% $41	+5% $3	+10% $-35
Rent	-10% $-64	-5% $-12	+0% $41	+5% $94	+10% $146
Rate	-1.0pp $109	-0.5pp $75	base $41	+0.5pp $6	+1.0pp $-29

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	45d	1	0.05mi
14535 Mettetal St Unit 1 Detroit, MI	2.0	1.0	965	$1,000	$1.04	45d	1	0.07mi
14510 Asbury Park Detroit, MI	2.0	1.0	1771	$1,250	$0.71	45d	1	0.10mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	6d	1	0.14mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	14d	1	0.14mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	45d	1	0.19mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	45d	1	0.25mi
14580 Forrer St Unit Unit Detroit, MI	2.0	1.0	1300	$900	$0.69	21d	1	0.26mi
14800 Woodmont Ave Detroit, MI	3.0	2.0	1612	$1,525	$0.95	16d	1	0.28mi
14615 Winthrop St Detroit, MI	2.0	1.0	1217	$1,300	$1.07	18d	1	0.30mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	16d	1	0.47mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	18d	1	0.49mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	45d	1	0.51mi
14716 Archdale St Detroit, MI	2.0	1.0	900	$1,100	$1.22	45d	1	0.55mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	18d	1	0.57mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	45d	1	0.61mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	45d	1	0.70mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	6d	1	0.73mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	45d	1	0.74mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	18d	1	0.76mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	6d	1	0.76mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	26d	1	0.81mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	26d	1	0.81mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	14d	1	0.81mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	0.82mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	45d	1	0.86mi
15468 Sussex St #2 Detroit, MI	2.0	1.0	900	$1,250	$1.39	45d	1	0.87mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	26d	1	0.89mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	18d	1	0.90mi
13279 Coyle St Detroit, MI	3.0	1.0	1444	$1,373	$0.95	45d	1	0.92mi
14559 Strathmoor St Detroit, MI	2.0	1.0	1033	$1,150	$1.11	22d	1	0.94mi
12711 Grandmont Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	19d	1	0.96mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	45d	1	0.96mi
13581 Penrod St Detroit, MI	4.0	1.0	1152	$1,200	$1.04	45d	1	1.02mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	5d	1	1.06mi
13591 Faust Ave Detroit, MI	2.0	1.0	1000	$1,275	$1.27	45d	1	1.07mi
12941 Penrod St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	45d	1	1.09mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	26d	1	1.09mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	26d	1	1.11mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	4d	1	1.13mi

Listing history 33 events

1. 2026-06-18
   status $135,000 Pending 22 DOM
2. 2026-06-18
   days on market $135,000 Active 22 DOM
3. 2026-06-17
   days on market $135,000 Active 21 DOM
4. 2026-06-15
   days on market $135,000 Active 19 DOM
5. 2026-06-13
   days on market $135,000 Active 17 DOM
6. 2026-06-13
   days on market $135,000 Active 16 DOM
7. 2026-06-09
   days on market $135,000 Active 13 DOM
8. 2026-06-08
   days on market $135,000 Active 12 DOM
9. 2026-06-08
   remarks 441-char remark
10. 2026-06-07
    days on market $135,000 Active 11 DOM
11. 2026-06-04
    days on market $135,000 Active 8 DOM
12. 2026-06-03
    days on market $135,000 Active 7 DOM
13. 2026-06-02
    days on market $135,000 Active 6 DOM
14. 2026-06-01
    days on market $135,000 Active 5 DOM
15. 2026-05-31
    days on market $135,000 Active 4 DOM
16. 2026-05-27
    listed $135,000 Active

    Show marketing remark (380 chars)

    Check out this beautiful 1500 sq foot colonial is a prime location. House has 3 bedrooms, living room with fireplace, formal dining room and a library/den with all new paint and flooring. All vinyl windows. Covered front porch. This home is move in ready. Roof, furnace, HWT, plumbing, electrical, windows are all in great condition. This is a great price in a great neighborhood.

17. 2026-05-27
    listed $135,000 Active 380-char remark

    Show marketing remark (380 chars)

    Check out this beautiful 1500 sq foot colonial is a prime location. House has 3 bedrooms, living room with fireplace, formal dining room and a library/den with all new paint and flooring. All vinyl windows. Covered front porch. This home is move in ready. Roof, furnace, HWT, plumbing, electrical, windows are all in great condition. This is a great price in a great neighborhood.

18. 2024-09-12
    soldstatus $85,000
19. 2020-10-14
    soldstatus $56,000 302-char remark

    Show marketing remark (302 chars)

    Tenant Occupied. Many updates! kitchen, bathroom, fresh paint throughout. .new flooring throughout, some plumbing etc. .full basement 2 car garage all brick 2 story home 1 bath on main level built in 1927! Fireplace original woodworking and trim throughout - Really Nice house must see! Tenant Occupied

20. 2020-10-14
    soldstatus $56,000 Closed

    Show marketing remark (302 chars)

    Tenant Occupied. Many updates! kitchen, bathroom, fresh paint throughout. .new flooring throughout, some plumbing etc. .full basement 2 car garage all brick 2 story home 1 bath on main level built in 1927! Fireplace original woodworking and trim throughout - Really Nice house must see! Tenant Occupied

21. 2020-07-23
    soldstatus $56,000
22. 2020-06-13
    status Pending
23. 2020-05-14
    price $59,900
24. 2020-03-06
    listed $59,900 302-char remark

    Show marketing remark (302 chars)

    Tenant Occupied. Many updates! kitchen, bathroom, fresh paint throughout. .new flooring throughout, some plumbing etc. .full basement 2 car garage all brick 2 story home 1 bath on main level built in 1927! Fireplace original woodworking and trim throughout - Really Nice house must see! Tenant Occupied

25. 2020-03-06
    listed $64,990 Active

    Show marketing remark (302 chars)

    Tenant Occupied. Many updates! kitchen, bathroom, fresh paint throughout. .new flooring throughout, some plumbing etc. .full basement 2 car garage all brick 2 story home 1 bath on main level built in 1927! Fireplace original woodworking and trim throughout - Really Nice house must see! Tenant Occupied

26. 2019-12-26
    historical
27. 2019-12-26
    historical
28. 2019-11-02
    status Active
29. 2019-10-05
    historical
30. 2019-06-27
    price $69,000
31. 2019-05-15
    price $75,000
32. 2019-04-25
    listed $69,000
33. 2019-04-25
    listed $89,000 Active

ⓘ 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: $2,979 · $248/mo
• Projected year-2 tax: $2,979 · $248/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 ≥98°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: $16,003
• − Mortgage interest: −$7,562
• − Property taxes: −$2,979
• − Insurance: −$675
• − Repairs & maintenance: −$1,280
• − Management: −$1,280
• − Depreciation: −$3,927
• Taxable loss: −$1,700
• Est. tax savings @ 24.0%: +$408
• After-tax cash flow: $902/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

+95.7% since first listed

18 events — show timeline

• 2026-05-27 Listed $135,000 REALCOMP
• 2026-05-27 Listed $135,000 MiRealSource-MiMLS
• 2024-09-12 Sold (Public Records) $85,000 Public Records
• 2020-10-14 Sold (MLS) $56,000 MiRealSource-MiMLS
• 2020-10-14 Sold (MLS) $56,000 REALCOMP
• 2020-07-23 Sold (Public Records) $56,000 Public Records
• 2020-06-13 Pending — MiRealSource-MiMLS
• 2020-05-14 Price Changed $59,900 MiRealSource-MiMLS
• 2020-03-06 Listed $64,990 MiRealSource-MiMLS
• 2020-03-06 Listed $59,900 REALCOMP
• 2019-12-26 Listing Removed — MiRealSource-MiMLS
• 2019-12-26 Listing Removed — REALCOMP
• 2019-11-02 Relisted — MiRealSource-MiMLS
• 2019-10-05 Listing Removed — MiRealSource-MiMLS
• 2019-06-27 Price Changed $69,000 MiRealSource-MiMLS
• 2019-05-15 Price Changed $75,000 MiRealSource-MiMLS
• 2019-04-25 Listed $89,000 MiRealSource-MiMLS
• 2019-04-25 Listed $69,000 REALCOMP

Property tax history

+13.5%/yr

Latest (2025): $2,979 · +55.3% YoY. Source: county tax records.