19719 Ferguson St · Detroit, MI 48235

$105,000

3 bd · 1.0 ba · 889 sqft · SingleFamily public records · 12 Days on market

Built 1950 6,970 sqft lot $118/sqft · 75% above area Est $121k · 13% under

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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 +26.1/30.0
• ARV discount +13.5/15.0
• DSCR +8.8/10.0
• 1% rule +8.0/10.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming and fully renovated bungalow offering the perfect blend of modern updates and classic character! This move-in ready home features beautiful hardwood floors in the living room and main floor bedrooms, an updated bathroom, and a stylish new kitchen complete with updated cabinetry, backsplash, flooring, stove, and refrigerator. The spacious upstairs bedroom offers new carpet, built-ins, generous closet space, and plenty of natural light. Fresh paint throughout, new vinyl windows, new vinyl siding, and brand-new roofs on both the home and garage provide peace of mind for years to come. Full unfinished basement offers endless storage or finishing potential. Enjoy outdoor entertaining un

Key facts

• New kitchen
• New carpet
• Updated cabinetry

Tags

• FULLY RENOVATED BUNGALOW
• HARDWOOD FLOORS
• UPDATED BATHROOM
• NEW KITCHEN
• UPDATED CABINETRY
• NEW CARPET

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $265 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).

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: Rents rising (+3.2%/yr); 283 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 42% of the median local income ($39k/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 $726 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 + 3.2% rent growth), your $29k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 18 sale attempts since 23y ago; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $45k; list at $105k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.30% ✓
• Cap rate: 9.32%
• Cash-on-cash: 10.81%
• DSCR: 1.48
• GRM: 6.4

CMA / ARV

• ARV (median comp): $121,296
• List price: $105,000
• Delta: -22.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19975 Ferguson St	0.22mi	3/1.0	889 (0%)	1mo	$50,650	$57	89
19900 Southfield Rd	0.42mi	3/1.0	898 (+1%)	4mo	$110,000	$122	75
19365 Fenmore St	0.43mi	3/1.0	912 (+3%)	1mo	$94,900	$104	75
20245 Archdale St	0.50mi	3/1.0	890 (+0%)	4mo	$53,000	$60	73
20004 Southfield Fwy	0.46mi	2/1.0 (-1)	929 (+4%)	1mo	$20,000	$22	65
18937 Lindsay St	0.51mi	3/1.0	951 (+7%)	2mo	$59,000	$62	63
20232 Prevost St	0.53mi	3/1.0	933 (+5%)	4mo	$110,000	$118	63
19950 Oakfield St	0.29mi	3/1.0	1,001 (+13%)	5mo	$40,000	$40	62
18950 Biltmore St	0.46mi	2/1.0 (-1)	781 (-12%)	1mo	$46,000	$59	52
19165 Rutherford St	0.43mi	3/1.0	1,013 (+14%)	6mo	$43,500	$43	52
19348 Montrose St	0.51mi	3/1.5	990 (+11%)	5mo	$145,900	$147	51
19425 Faust Ave	0.70mi	3/1.0	1,000 (+12%)	5mo	$65,000	$65	42

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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $272
• Equity at exit: $15,656

10-year hold

• IRR: 10.2%
• Equity multiple: 1.81×
• Total profit: $23,681
• Equity at exit: $9,078

Cash invested: $29,400 (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 48235

• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,366 high
• Mortgage (P&I): −$551
• Tax from tax record: −$220 /mo · $2,637/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $265

Break-even live

Break-even rent $1,031

Max offer price $105,000

Occupancy floor 76%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19736 Gilchrist St Detroit, MI	2.0	1.0	696	$995	$1.43	12d	1	0.10mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	16d	1	0.28mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	24d	1	0.32mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	24d	1	0.37mi
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	43d	1	0.38mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	5d	1	0.38mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	15d	1	0.43mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	43d	1	0.46mi
20314 Gilchrist St Detroit, MI	3.0	1.0	1042	$1,500	$1.44	5d	1	0.47mi
20259 Oakfield St Detroit, MI	3.0	1.0	1056	$1,250	$1.18	16d	1	0.48mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	43d	1	0.54mi
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	15d	5	0.67mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	24d	1	0.74mi
20527 Rosemont Ave Detroit, MI	2.0	2.0	975	$1,528	$1.57	43d	1	0.77mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	16d	1	0.82mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	3d	1	0.82mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	43d	1	0.83mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	43d	1	0.84mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.86mi
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	16d	1	0.86mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	43d	1	0.91mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	19d	1	0.92mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	5d	1	0.92mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	15d	1	1.09mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	5d	1	1.13mi
18699 Shaftsbury Ave Detroit, MI	2.0	1.0	800	$1,000	$1.25	43d	1	1.17mi
18659 Shaftsbury Ave Detroit, MI	3.0	1.0	763	$1,373	$1.80	12d	1	1.18mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	1.21mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	16d	1	1.23mi
16500 N Park Dr Southfield, MI	1.0–3.0	1.0–2.5	1500	$2,289	$1.53	1d	1	1.29mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	43d	1	1.33mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	2d	1	1.37mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	43d	1	1.39mi
19457 Evergreen Rd Detroit, MI	2.0	1.0	1100	$1,200	$1.09	43d	1	1.45mi

Listing history 50 events

1. 2026-06-18
   days on market $105,000 Active 12 DOM
2. 2026-06-17
   days on market $105,000 Active 11 DOM
3. 2026-06-16
   days on market $105,000 Active 10 DOM
4. 2026-06-15
   days on market $105,000 Active 9 DOM
5. 2026-06-13
   days on market $105,000 Active 7 DOM
6. 2026-06-13
   days on market $105,000 Active 6 DOM
7. 2026-06-09
   days on market $105,000 Active 3 DOM
8. 2026-06-08
   days on market $105,000 Active 2 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    pricestatusdays on marketlisting id $105,000 Active 1 DOM
11. 2026-05-06
    historical
12. 2026-05-06
    historical
13. 2026-01-17
    price $93,500
14. 2026-01-16
    price $93,500
15. 2025-10-24
    listed $98,500 Active
16. 2025-10-24
    listed $98,500 Active
17. 2025-08-09
    historical
18. 2025-08-09
    historical
19. 2025-01-31
    listed $99,500 Active
20. 2025-01-31
    listed $99,500 Active
21. 2025-01-30
    historical
22. 2025-01-30
    historical
23. 2024-12-30
    status Active
24. 2024-12-18
    historical
25. 2024-10-16
    listed $110,000 Active
26. 2024-10-16
    listed $110,000 Active
27. 2023-08-07
    historical
28. 2023-08-07
    historical
29. 2023-07-19
    price $94,000
30. 2023-07-19
    price $94,000
31. 2023-06-27
    price $97,500
32. 2023-06-27
    price $97,500
33. 2023-06-14
    listed $99,950 Active
34. 2023-06-14
    listed $99,950 Active
35. 2023-04-26
    soldstatus $45,000 Sold
36. 2023-04-26
    soldstatus $45,000 Closed
37. 2023-02-27
    status Pending
38. 2023-02-27
    status Pending
39. 2023-02-13
    listed $55,000 Active
40. 2023-02-13
    listed $55,000 Active
41. 2020-02-21
    soldstatus $65,000
42. 2019-09-07
    historical
43. 2019-09-07
    historical
44. 2019-06-06
    listed $74,800 Active
45. 2019-06-06
    listed $74,800 Active
46. 2009-08-13
    soldstatus $4,000
47. 2009-08-13
    soldstatus $4,000
48. 2009-07-17
    historical
49. 2009-07-08
    listed $5,500
50. 2009-07-08
    listed $5,500

ⓘ 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: $2,637 · $220/mo
• Projected year-2 tax: $2,637 · $220/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 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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,390
• − Mortgage interest: −$5,882
• − Property taxes: −$2,637
• − Insurance: −$525
• − Repairs & maintenance: −$1,311
• − Management: −$1,311
• − Depreciation: −$3,055
• Taxable income: $1,669
• Est. tax owed @ 24.0%: −$401
• After-tax cash flow: $2,777/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): 45,600
• Household income: $39,265
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 3064.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -153.02%
• Current HPI: 263.6326
• Rent YoY: ▲ 3.25%
• 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

+62.6% since first listed

48 events — show timeline

• 2026-05-06 Listing Removed — REALCOMP
• 2026-05-06 Listing Removed — MiRealSource-MiMLS
• 2026-01-17 Price Changed $93,500 MiRealSource-MiMLS
• 2026-01-16 Price Changed $93,500 REALCOMP
• 2025-10-24 Listed $98,500 REALCOMP
• 2025-10-24 Listed $98,500 MiRealSource-MiMLS
• 2025-08-09 Listing Removed — MiRealSource-MiMLS
• 2025-08-09 Listing Removed — REALCOMP
• 2025-01-31 Listed $99,500 MiRealSource-MiMLS
• 2025-01-31 Listed $99,500 REALCOMP
• 2025-01-30 Listing Removed — MiRealSource-MiMLS
• 2025-01-30 Listing Removed — REALCOMP
• 2024-12-30 Relisted — REALCOMP
• 2024-12-18 Listing Removed — REALCOMP
• 2024-10-16 Listed $110,000 REALCOMP
• 2024-10-16 Listed $110,000 MiRealSource-MiMLS
• 2023-08-07 Listing Removed — MiRealSource-MiMLS
• 2023-08-07 Listing Removed — REALCOMP
• 2023-07-19 Price Changed $94,000 MiRealSource-MiMLS
• 2023-07-19 Price Changed $94,000 REALCOMP
• 2023-06-27 Price Changed $97,500 MiRealSource-MiMLS
• 2023-06-27 Price Changed $97,500 REALCOMP
• 2023-06-14 Listed $99,950 MiRealSource-MiMLS
• 2023-06-14 Listed $99,950 REALCOMP
• 2023-04-26 Sold (MLS) $45,000 MiRealSource-MiMLS
• 2023-04-26 Sold (MLS) $45,000 REALCOMP
• 2023-02-27 Pending — REALCOMP
• 2023-02-27 Pending — MiRealSource-MiMLS
• 2023-02-13 Listed $55,000 MiRealSource-MiMLS
• 2023-02-13 Listed $55,000 REALCOMP
• 2020-02-21 Sold (Public Records) $65,000 Public Records
• 2019-09-07 Listing Removed — MiRealSource-MiMLS
• 2019-09-07 Listing Removed — REALCOMP
• 2019-06-06 Listed $74,800 MiRealSource-MiMLS
• 2019-06-06 Listed $74,800 REALCOMP
• 2009-08-13 Sold (MLS) $4,000 REALCOMP
• 2009-08-13 Sold (MLS) $4,000 MiRealSource-MiMLS
• 2009-07-17 Listing Removed — MiRealSource-MiMLS
• 2009-07-08 Listing Removed — MiRealSource-MiMLS
• 2009-07-08 Listing Removed — REALCOMP
• 2009-07-08 Listed $5,500 REALCOMP
• 2009-07-08 Listed $5,500 MiRealSource-MiMLS
• 2009-03-07 Listed $5,000 MiRealSource-MiMLS
• 2009-03-06 Listed $5,000 REALCOMP
• 2005-10-04 Sold (Public Records) $85,000 Public Records
• 2004-03-29 Sold (Public Records) $55,500 Public Records
• 2004-02-19 Sold (MLS) $57,500 REALCOMP
• 2003-05-15 Listed $57,500 REALCOMP

Property tax history

+4.9%/yr

Latest (2025): $2,637 · -54.4% YoY. Source: county tax records.