19335 Lenore · Detroit, MI 48219

$119,900

3 bd · 1.0 ba · 1,062 sqft · SingleFamily public records · 157 Days on market

Built 1923 0.91 ac lot $113/sqft · 48% above area Est $95k · 26% over

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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 +20.7/30.0
• DSCR +6.6/10.0
• 1% rule +5.5/10.0
• Rent growth +4.5/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this inviting 3-bedroom, 1-bath ranch-style home offering 1,247 sq ft of comfortable living space on nearly one acre of land. Enjoy peaceful outdoor living from the classic wrap-around porch, perfect for relaxing or entertaining. The property features an impressive 132 feet of frontage, providing both privacy and curb appeal. With a functional single-level layout, spacious yard, and ample room for expansion, gardening, or recreation, this home offers endless potential. A rare opportunity to own a sizable parcel with the convenience of one-story living - don't miss it!

Key facts

• Spacious yard
• Sizable parcel
• 132 feet of frontage

Tags

• WRAP-AROUND PORCH
• 132 FEET OF FRONTAGE
• SINGLE-LEVEL LAYOUT
• SPACIOUS YARD
• SIZABLE PARCEL

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 $163 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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: Emerson Elementarymiddle School (519 students, 90% FRL); Henry Ford High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 712 students, 86% FRL) — zoned schools at 88% FRL track the district average.
• Market conditions: Rents rising fast (+8.0%/yr); 309 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 34% of the median local income ($44k/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 $829 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 157 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 27y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $71k; list at $120k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 157 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 1923 — 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. 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?
8. 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.
9. 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.
10. 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: 1.05% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.84%
• DSCR: 1.26
• GRM: 8.0

CMA / ARV

• ARV (median comp): $94,943
• List price: $119,900
• Delta: 26.29%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19848 Winston St	0.27mi	3/1.5	1,032 (-3%)	2mo	$92,000	$89	79
19309 Lenore	0.02mi	3/1.0	920 (-13%)	2mo	$86,900	$94	75
18614 Winston St	0.47mi	3/1.0	1,064 (+0%)	5mo	$110,000	$103	74
19371 Winston St	0.12mi	3/1.5	960 (-10%)	5mo	$120,200	$125	72
19919 S Five Points St S	0.44mi	3/1.0	1,092 (+3%)	3mo	$78,000	$71	72
18629 Brady	0.57mi	3/1.0	1,030 (-3%)	0mo	$126,000	$122	68
19311 Grandview St	0.18mi	3/1.5	1,214 (+14%)	3mo	$52,500	$43	63
18810 Olympia	0.73mi	3/1.0	1,002 (-6%)	3mo	$185,000	$185	54
18682 Sumner	0.71mi	3/1.0	969 (-9%)	2mo	$137,000	$141	50
23450 Margareta St	0.73mi	3/1.0	957 (-10%)	4mo	$45,000	$47	47
18458 Lennane	0.75mi	3/1.0	1,168 (+10%)	3mo	$140,900	$121	46
20403 Grandview St	0.56mi	3/1.0	908 (-14%)	6mo	$83,000	$91	44

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -1.8%
• Equity multiple: 0.93×
• Total profit: $-2,370
• Equity at exit: $17,877

10-year hold

• IRR: 12.7%
• Equity multiple: 2.24×
• Total profit: $41,592
• Equity at exit: $10,367

Cash invested: $33,572 (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 48219

• Home prices YoY: -10.3%
• Rents YoY: 8.0%
• Active inventory: 309
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,255 high
• Mortgage (P&I): −$629
• Tax from tax record: −$149 /mo · $1,787/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $163

Break-even live

Break-even rent $1,048

Max offer price $119,900

Occupancy floor 82%

Sensitivity live

Price	-10% $231	-5% $197	+0% $163	+5% $130	+10% $96
Rent	-10% $64	-5% $114	+0% $163	+5% $213	+10% $263
Rate	-1.0pp $224	-0.5pp $194	base $163	+0.5pp $132	+1.0pp $101

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19264 Telegraph Rd Unit G7 Detroit, MI	2.0	1.0	820	$975	$1.19	45d	1	0.25mi
19276 Telegraph Rd Detroit, MI	2.0	1.0	820	$975	$1.19	45d	1	0.25mi
19250 Telegraph Rd Unit O7 Detroit, MI	2.0	1.0	820	$975	$1.19	26d	1	0.27mi
19248 Telegraph Rd Unit P7 Detroit, MI	2.0	1.0	820	$975	$1.19	26d	1	0.27mi
18732 Salem Unit 2 Detroit, MI	2.0	1.0	925	$1,050	$1.14	14d	1	0.39mi
19800 Telegraph Rd Detroit, MI	2.0	1.0	855	$1,020	$1.19	45d	1	0.40mi
19301 Shiawassee Dr Detroit, MI	1.0–2.0	1.0	740	$1,150	$1.55	45d	2	0.45mi
20083 Salem St Detroit, MI	3.0	1.0	969	$1,050	$1.08	7d	1	0.54mi
20083 Salem St Detroit, MI	3.0	1.0	969	$1,050	$1.08	12d	1	0.54mi
20410 Five Points St Redford, MI	3.0	1.0	950	$1,600	$1.68	7d	1	0.60mi
18302 Wormer St Detroit, MI	3.0	1.0	1046	$1,475	$1.41	45d	1	0.62mi
19800 Berg Rd Detroit, MI	3.0	1.0	1000	$1,550	$1.55	18d	1	0.77mi
22649 Frisbee St Detroit, MI	3.0	1.0	1100	$1,495	$1.36	45d	1	0.78mi
23411 W Eight Mile Rd Detroit, MI	1.0–2.0	1.0	742	$1,000	$1.35	45d	1	0.84mi
22570 Seven Mile W Detroit, MI	2.0	1.0	890	$875	$0.98	45d	1	0.86mi
17324 Salem St Detroit, MI	2.0	1.0	989	$1,200	$1.21	26d	1	1.04mi
25400 Basin St Southfield, MI	1.0–2.0	1.0	825	$1,400	$1.70	1d	12	1.07mi
22238 Pembroke Ave Detroit, MI	3.0	1.5	1100	$1,500	$1.36	45d	1	1.07mi
25740 Shiawassee St Southfield, MI	1.0–2.0	1.0	850	$1,253	$1.47	45d	10	1.08mi
19928 Houghton St Detroit, MI	3.0	1.0	880	$1,495	$1.70	12d	1	1.14mi
16896 Salem St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	45d	1	1.30mi
26539 Clarita Redford, MI	3.0	1.5	931	$1,875	$2.01	26d	1	1.31mi
17355 McIntyre St Detroit, MI	3.0	1.0	1500	$1,250	$0.83	45d	1	1.31mi
20555 Lahser Rd Detroit, MI	1.0–2.0	1.0	737	$975	$1.32	45d	2	1.33mi
17328 McIntyre St Unit 2 Detroit, MI	3.0	1.0	1200	$1,250	$1.04	45d	1	1.34mi
16800 Wormer St Detroit, MI	3.0	1.0	912	$1,250	$1.37	19d	1	1.38mi
16800 Telegraph Rd Detroit, MI	2.0	1.0	775	$875	$1.13	45d	1	1.40mi
25822 W 6 Mile Rd Redford Township, MI	2.0	2.0	1100	$1,100	$1.00	26d	1	1.44mi
21422 Pembroke Ave Detroit, MI	3.0	1.5	1000	$1,695	$1.70	18d	1	1.45mi
16581 Wormer St Detroit, MI	2.0	1.0	720	$1,100	$1.53	45d	1	1.47mi

Listing history 23 events

1. 2026-06-21
   days on market $119,900 Active 157 DOM
2. 2026-06-18
   days on market $119,900 Active 154 DOM
3. 2026-06-17
   days on market $119,900 Active 153 DOM
4. 2026-06-15
   days on market $119,900 Active 151 DOM
5. 2026-06-13
   days on market $119,900 Active 149 DOM
6. 2026-06-13
   days on market $119,900 Active 148 DOM
7. 2026-06-09
   days on market $119,900 Active 145 DOM
8. 2026-06-08
   days on market $119,900 Active 144 DOM
9. 2026-06-07
   days on market $119,900 Active 143 DOM
10. 2026-06-04
    days on market $119,900 Active 140 DOM
11. 2026-06-03
    days on market $119,900 Active 139 DOM
12. 2026-06-01
    days on market $119,900 Active 137 DOM
13. 2026-05-31
    days on market $119,900 Active 136 DOM
14. 2026-04-30
    price $119,900 585-char remark

    Show marketing remark (595 chars)

    Welcome to this inviting 3-bedroom, 1-bath ranch-style home offering 1,247 sq ft of comfortable living space on nearly one acre of land. Enjoy peaceful outdoor living from the classic wrap-around porch, perfect for relaxing or entertaining. The property features an impressive 132 feet of frontage, providing both privacy and curb appeal. With a functional single-level layout, spacious yard, and ample room for expansion, gardening, or recreation, this home offers endless potential. A rare opportunity to own a sizable parcel with the convenience of one-story living—don’t miss it!

15. 2026-04-30
    price $119,900 595-char remark

    Show marketing remark (595 chars)

    Welcome to this inviting 3-bedroom, 1-bath ranch-style home offering 1,247 sq ft of comfortable living space on nearly one acre of land. Enjoy peaceful outdoor living from the classic wrap-around porch, perfect for relaxing or entertaining. The property features an impressive 132 feet of frontage, providing both privacy and curb appeal. With a functional single-level layout, spacious yard, and ample room for expansion, gardening, or recreation, this home offers endless potential. A rare opportunity to own a sizable parcel with the convenience of one-story living—don’t miss it!

16. 2026-04-16
    price $125,900 585-char remark

    Show marketing remark (585 chars)

    Welcome to this inviting 3-bedroom, 1-bath ranch-style home offering 1,247 sq ft of comfortable living space on nearly one acre of land. Enjoy peaceful outdoor living from the classic wrap-around porch, perfect for relaxing or entertaining. The property features an impressive 132 feet of frontage, providing both privacy and curb appeal. With a functional single-level layout, spacious yard, and ample room for expansion, gardening, or recreation, this home offers endless potential. A rare opportunity to own a sizable parcel with the convenience of one-story living - don't miss it!

17. 2026-04-15
    price $125,900 595-char remark

    Show marketing remark (595 chars)

    Welcome to this inviting 3-bedroom, 1-bath ranch-style home offering 1,247 sq ft of comfortable living space on nearly one acre of land. Enjoy peaceful outdoor living from the classic wrap-around porch, perfect for relaxing or entertaining. The property features an impressive 132 feet of frontage, providing both privacy and curb appeal. With a functional single-level layout, spacious yard, and ample room for expansion, gardening, or recreation, this home offers endless potential. A rare opportunity to own a sizable parcel with the convenience of one-story living—don’t miss it!

18. 2026-01-15
    listed $129,900 Active 595-char remark

    Show marketing remark (585 chars)

    Welcome to this inviting 3-bedroom, 1-bath ranch-style home offering 1,247 sq ft of comfortable living space on nearly one acre of land. Enjoy peaceful outdoor living from the classic wrap-around porch, perfect for relaxing or entertaining. The property features an impressive 132 feet of frontage, providing both privacy and curb appeal. With a functional single-level layout, spacious yard, and ample room for expansion, gardening, or recreation, this home offers endless potential. A rare opportunity to own a sizable parcel with the convenience of one-story living - don't miss it!

19. 2026-01-15
    listed $129,900 Active 585-char remark

    Show marketing remark (585 chars)

    Welcome to this inviting 3-bedroom, 1-bath ranch-style home offering 1,247 sq ft of comfortable living space on nearly one acre of land. Enjoy peaceful outdoor living from the classic wrap-around porch, perfect for relaxing or entertaining. The property features an impressive 132 feet of frontage, providing both privacy and curb appeal. With a functional single-level layout, spacious yard, and ample room for expansion, gardening, or recreation, this home offers endless potential. A rare opportunity to own a sizable parcel with the convenience of one-story living - don't miss it!

20. 2001-03-12
    soldstatus $71,000
21. 1999-07-28
    soldstatus $63,000
22. 1999-06-24
    soldstatus $63,000
23. 1999-04-17
    listed $64,900

ⓘ 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: $1,787 · $149/mo
• Projected year-2 tax: $1,817 · $151/mo
• Expected delta: +$30/yr (+$2/mo · 1.7%)

ⓘ 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 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,054
• − Mortgage interest: −$6,716
• − Property taxes: −$1,787
• − Insurance: −$600
• − Repairs & maintenance: −$1,204
• − Management: −$1,204
• − Depreciation: −$3,488
• Taxable income: $55
• Est. tax owed @ 24.0%: −$13
• After-tax cash flow: $1,948/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): 47,208
• Household income: $43,655
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 3584.0

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 (88%)
• Race & ethnicity: Black 88% White 5% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% 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: ▼ -65.06%
• Current HPI: 563.3263
• Rent YoY: ▲ 8.04%
• 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
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+84.7% since first listed

10 events — show timeline

• 2026-04-30 Price Changed $119,900 MiRealSource-MiMLS
• 2026-04-30 Price Changed $119,900 REALCOMP
• 2026-04-16 Price Changed $125,900 MiRealSource-MiMLS
• 2026-04-15 Price Changed $125,900 REALCOMP
• 2026-01-15 Listed $129,900 REALCOMP
• 2026-01-15 Listed $129,900 MiRealSource-MiMLS
• 2001-03-12 Sold (Public Records) $71,000 Public Records
• 1999-07-28 Sold (Public Records) $63,000 Public Records
• 1999-06-24 Sold (MLS) $63,000 REALCOMP
• 1999-04-17 Listed $64,900 REALCOMP

Property tax history

+0.9%/yr

Latest (2025): $1,787 · -54.2% YoY. Source: county tax records.