12245 Washburn St · Detroit, MI 48204

$19,900

3 bd · 1.5 ba · 1,435 sqft · SingleFamily public records · 210 Days on market

Built 1925 3,920 sqft lot $14/sqft · 51% below area

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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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

• Covered front porch
• Unfinished basement
• Large colonial home

Tags

• COVERED FRONT PORCH
• LARGE COLONIAL HOME
• UNFINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $775 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $18k (12.0% below list) — sets the bar for market timing.
• Cap rate 53.0% vs local median 10.0% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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: 248 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 42% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($138 loan paydown + $2k 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 $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($18k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y ago; this cycle's ask has dropped $3k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $17,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 210 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 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 6.04% ✓
• Cap rate: 53.01%
• Cash-on-cash: 166.84%
• DSCR: 8.42
• GRM: 1.4

CMA / ARV

• ARV (median comp): $41,000
• List price: $19,900
• Delta: -51.46%
• 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
12162 Kentucky St	0.14mi	3/1.0	1,415 (-1%)	4mo	$42,000	$30	85
11931 Wisconsin St	0.24mi	3/3.0	1,407 (-2%)	5mo	$135,900	$97	75
12303 Cloverlawn St	0.42mi	3/1.5	1,454 (+1%)	4mo	$58,500	$40	75
13176 Manor St	0.52mi	3/1.5	1,478 (+3%)	2mo	$60,500	$41	69
12027 Manor St	0.43mi	3/1.0	1,340 (-7%)	3mo	$86,750	$65	64
13955 Ohio St	0.75mi	3/1.0	1,448 (+1%)	5mo	$37,000	$26	58
12096 Meyers Rd	0.42mi	3/1.0	1,248 (-13%)	0mo	$30,000	$24	56
13586 Indiana St	0.59mi	3/1.0	1,298 (-10%)	2mo	$30,000	$23	53
10405 Orangelawn St	0.75mi	3/1.5	1,350 (-6%)	3mo	$7,000	$5	53
12667 Sorrento St	0.65mi	3/1.0	1,309 (-9%)	0mo	$65,000	$50	53
10340 Maplelawn St	0.66mi	3/2.0	1,296 (-10%)	5mo	$27,000	$21	47
13581 Cloverlawn St	0.70mi	4/2.0 (+1)	1,240 (-14%)	4mo	$143,000	$115	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 11.81×
• Total profit: $60,221
• Equity at exit: $17,927

10-year hold

• IRR: —
• Equity multiple: 25.88×
• Total profit: $138,622
• Equity at exit: $38,661

Cash invested: $5,572 (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 48204

• Home prices YoY: 18.5%
• Active inventory: 248
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,203 high
• Mortgage (P&I): −$104
• Tax from tax record: −$63 /mo · $752/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $775

Break-even live

Break-even rent $222

Max offer price $19,900

Occupancy floor 31%

Sensitivity live

Price	-10% $786	-5% $780	+0% $775	+5% $769	+10% $763
Rent	-10% $680	-5% $727	+0% $775	+5% $822	+10% $870
Rate	-1.0pp $785	-0.5pp $780	base $775	+0.5pp $770	+1.0pp $764

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: $4,975
• Closing costs: $597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12144 Washburn St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	16d	1	0.08mi
12650 Griggs St Detroit, MI	3.0	2.0	1628	$1,375	$0.84	26d	1	0.19mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	26d	1	0.21mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	45d	1	0.21mi
12303 Cloverlawn St Detroit, MI	3.0	1.5	1454	$1,400	$0.96	45d	1	0.41mi
12703 Northlawn St Detroit, MI	2.0	1.0	1365	$1,053	$0.77	22d	1	0.42mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	45d	1	0.62mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	6d	1	0.62mi
13910 Kentucky St Detroit, MI	2.0	1.0	1680	$1,000	$0.60	45d	1	0.68mi
10002 Manor Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	45d	1	0.68mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	45d	1	0.68mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	19d	1	0.75mi
13979 Cherrylawn St Detroit, MI	3.0	1.0	1296	$1,334	$1.03	22d	1	0.80mi
10359 Violetlawn St Unit 1 Detroit, MI	2.0	1.0	1200	$985	$0.82	45d	1	0.81mi
10303 Morley St #1 Detroit, MI	2.0	1.0	950	$950	$1.00	45d	1	0.86mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	45d	1	0.89mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	19d	1	0.90mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	3d	1	0.90mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	45d	1	0.92mi
13620 Tuller St Detroit, MI	4.0	1.0	1064	$1,374	$1.29	14d	1	0.94mi
12123 Santa Rosa Dr Detroit, MI	2.0	1.0	1680	$1,000	$0.60	26d	1	0.94mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	45d	1	0.96mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,278	$1.42	0d	1	0.99mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	23d	1	1.01mi
12019 Stoepel St Detroit, MI	2.0	1.0	1000	$943	$0.94	6d	1	1.02mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	45d	1	1.15mi
9209 Pinehurst St Detroit, MI	3.0	1.0	1589	$1,500	$0.94	45d	1	1.17mi
9355 Ward St Detroit, MI	3.0	1.0	1200	$1,327	$1.11	45d	1	1.20mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	18d	1	1.23mi
4336 Buena Vista St Detroit, MI	3.0	1.0	1300	$1,100	$0.85	45d	1	1.28mi
4341 Glendale St Detroit, MI	4.0	2.5	1832	$1,680	$0.92	6d	1	1.29mi
9022 Northlawn St Detroit, MI	2.0	1.0	1100	$1,300	$1.18	26d	1	1.30mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	45d	1	1.31mi
4287 W Grand St Unit 4289 Detroit, MI	3.0	1.0	1250	$1,000	$0.80	45d	1	1.32mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	19d	1	1.36mi
12778 Strathmoor St Detroit, MI	3.0	1.0	1597	$1,150	$0.72	6d	1	1.40mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	26d	1	1.41mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	45d	1	1.41mi
4268 Cortland St Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	45d	1	1.42mi
11704 Broadstreet Ave Detroit, MI	3.0	1.0	1200	$1,050	$0.88	45d	1	1.42mi

Listing history 46 events

1. 2026-06-21
   days on market $19,900 Active 210 DOM
2. 2026-06-18
   days on market $19,900 Active 207 DOM
3. 2026-06-17
   days on market $19,900 Active 206 DOM
4. 2026-06-15
   days on market $19,900 Active 204 DOM
5. 2026-06-13
   days on market $19,900 Active 202 DOM
6. 2026-06-13
   pricedays on market $19,900 Active 201 DOM
7. 2026-06-09
   days on market $20,400 Active 198 DOM
8. 2026-06-08
   days on market $20,400 Active 197 DOM
9. 2026-06-07
   days on market $20,400 Active 196 DOM
10. 2026-06-04
    days on market $20,400 Active 193 DOM
11. 2026-06-03
    days on market $20,400 Active 192 DOM
12. 2026-06-02
    status $20,400 Active 190 DOM
13. 2026-05-08
    price $20,400 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

14. 2026-05-08
    price $20,400 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

15. 2026-03-24
    price $20,900 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

16. 2026-03-23
    price $20,900 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

17. 2025-12-30
    price $22,500 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

18. 2025-12-29
    price $22,500 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

19. 2025-11-18
    listed $22,900 Active 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

20. 2025-11-18
    listed $22,900 Active 540-char remark

    Show marketing remark (540 chars)

    INVESTOR SPECIAL! LARGE COLONIAL HOME LOCATED JUST NORTH OF GRAND RIVER AVENUE, AND WEST OF WYOMING AVENUE. THIS PROPERTY FEATURES A COVERED FRONT PORCH, LIVING ROOM, DINING ROOM, KITCHEN, THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER IS RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH THE DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

21. 2025-01-25
    historical
22. 2025-01-25
    historical
23. 2025-01-17
    price $26,500
24. 2025-01-17
    price $26,500
25. 2024-12-06
    price $28,500
26. 2024-12-05
    price $28,500
27. 2024-09-04
    price $28,900
28. 2024-09-04
    price $28,900
29. 2024-08-13
    price $29,900
30. 2024-08-13
    price $29,900
31. 2024-07-30
    listed $30,900 Active
32. 2024-07-29
    listed $30,900 Active
33. 2024-07-09
    price $30,900
34. 2024-07-09
    price $30,900
35. 2024-07-09
    historical
36. 2024-07-09
    historical
37. 2024-05-29
    price $31,900
38. 2024-05-29
    price $31,900
39. 2024-04-11
    listed $33,900 Active
40. 2024-04-09
    listed $33,900 Active
41. 2024-03-12
    historical
42. 2024-03-12
    historical
43. 2024-02-23
    listed $29,900 Active
44. 2024-02-16
    listed $29,900 Active
45. 2019-11-22
    soldstatus $177,000
46. 1994-07-18
    soldstatus $9,500

ⓘ 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: $752 · $63/mo
• Projected year-2 tax: $752 · $63/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 6 d/yr ≥97°F today · 13 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: $14,431
• − Mortgage interest: −$1,115
• − Property taxes: −$752
• − Insurance: −$100
• − Repairs & maintenance: −$1,155
• − Management: −$1,155
• − Depreciation: −$579
• Taxable income: $9,577
• Est. tax owed @ 24.0%: −$2,298
• After-tax cash flow: $6,998/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

+114.7% since first listed

34 events — show timeline

• 2026-05-08 Price Changed $20,400 MiRealSource-MiMLS
• 2026-05-08 Price Changed $20,400 REALCOMP
• 2026-03-24 Price Changed $20,900 MiRealSource-MiMLS
• 2026-03-23 Price Changed $20,900 REALCOMP
• 2025-12-30 Price Changed $22,500 MiRealSource-MiMLS
• 2025-12-29 Price Changed $22,500 REALCOMP
• 2025-11-18 Listed $22,900 REALCOMP
• 2025-11-18 Listed $22,900 MiRealSource-MiMLS
• 2025-01-25 Listing Removed — MiRealSource-MiMLS
• 2025-01-25 Listing Removed — REALCOMP
• 2025-01-17 Price Changed $26,500 MiRealSource-MiMLS
• 2025-01-17 Price Changed $26,500 REALCOMP
• 2024-12-06 Price Changed $28,500 MiRealSource-MiMLS
• 2024-12-05 Price Changed $28,500 REALCOMP
• 2024-09-04 Price Changed $28,900 MiRealSource-MiMLS
• 2024-09-04 Price Changed $28,900 REALCOMP
• 2024-08-13 Price Changed $29,900 MiRealSource-MiMLS
• 2024-08-13 Price Changed $29,900 REALCOMP
• 2024-07-30 Listed $30,900 REALCOMP
• 2024-07-29 Listed $30,900 MiRealSource-MiMLS
• 2024-07-09 Price Changed $30,900 MiRealSource-MiMLS
• 2024-07-09 Price Changed $30,900 REALCOMP
• 2024-07-09 Listing Removed — MiRealSource-MiMLS
• 2024-07-09 Listing Removed — REALCOMP
• 2024-05-29 Price Changed $31,900 MiRealSource-MiMLS
• 2024-05-29 Price Changed $31,900 REALCOMP
• 2024-04-11 Listed $33,900 REALCOMP
• 2024-04-09 Listed $33,900 MiRealSource-MiMLS
• 2024-03-12 Listing Removed — MiRealSource-MiMLS
• 2024-03-12 Listing Removed — REALCOMP
• 2024-02-23 Listed $29,900 REALCOMP
• 2024-02-16 Listed $29,900 MiRealSource-MiMLS
• 2019-11-22 Sold (Public Records) $177,000 Public Records
• 1994-07-18 Sold (Public Records) $9,500 Public Records

Property tax history

-1.7%/yr

Latest (2025): $752 · -53.3% YoY. Source: county tax records.