19211 Buffalo St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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 +30.0/30.0
- DSCR +10.0/10.0
- 1% rule +9.6/10.0
- ARV discount +7.5/15.0
- Rent growth +4.2/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$87,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
Key facts
- 4,792 sq ft lot
- Built 1949
- Listed 81 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $87k.
Deal economics
- At list price, monthly cash flow is $378 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $87k).
- Recommended offer: $82k (6.0% below list) — sets the bar for market timing.
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: Mason Academy (381 students, 92% FRL); Clippert Academy (379 students, 82% FRL); Pershing High School (math 10% / reading 10%, grade F, #659 of 713 statewide, top 97%, 408 students, 89% FRL) — zoned schools at 88% FRL track the district average.
- Market conditions: Rents rising fast (+6.7%/yr); 227 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 43% of the median local income ($35k/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 $601 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 + 6.7% rent growth), your $24k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 81 days — a 6% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 3y 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.
Risks & watch-outs
- Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.46% ✓
- Cap rate
- 11.51%
- Cash-on-cash
- 18.64%
- DSCR
- 1.83
- GRM
- 5.7
CMA / ARV
- ARV (on-the-fly)
- $57,600
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 19235 Lamont St | 0.34mi | 2/1.0 (-1) | 960 (0%) | 1mo | $40,000 | $42 | 78 |
| 19608 Buffalo St | 0.24mi | 3/1.0 | 1,014 (+6%) | 1mo | $68,000 | $67 | 78 |
| 19437 Conley St | 0.31mi | 3/1.0 | 912 (-5%) | 4mo | $28,500 | $31 | 74 |
| 19451 Conley St | 0.32mi | 3/1.0 | 900 (-6%) | 3mo | $54,000 | $60 | 72 |
| 19392 Justine St | 0.55mi | 3/1.0 | 1,000 (+4%) | 3mo | $45,000 | $45 | 65 |
| 19416 Lamont St | 0.37mi | 3/1.5 | 1,065 (+11%) | 1mo | $9,000 | $8 | 62 |
| 20059 Bloom St | 0.58mi | 3/1.0 | 911 (-5%) | 4mo | $90,000 | $99 | 61 |
| 18905 Dean St | 0.73mi | 3/1.0 | 990 (+3%) | 6mo | $88,900 | $90 | 56 |
| 18485 Moenart St | 0.42mi | 3/1.0 | 834 (-13%) | 4mo | $58,500 | $70 | 55 |
| 19672 Justine St | 0.61mi | 3/1.0 | 1,050 (+9%) | 2mo | $47,500 | $45 | 54 |
| 3191 E Outer Dr | 0.41mi | 3/1.5 | 1,072 (+12%) | 6mo | $79,500 | $74 | 54 |
| 19725 Lamont St | 0.49mi | 3/1.0 | 835 (-13%) | 4mo | $10,000 | $12 | 52 |
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 · 6.72% rent growth · sell at horizon
- IRR
- 14.7%
- Equity multiple
- 1.62×
- Total profit
- $14,991
- Equity at exit
- $12,972
- IRR
- 26.1%
- Equity multiple
- 3.72×
- Total profit
- $66,162
- Equity at exit
- $7,522
Cash invested: $24,360 (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
ZIP-level market 48234
- Home prices YoY
- -11.9%
- Rents YoY
- 6.7%
- Active inventory
- 227
- Price-to-rent
- 5.7×
Monthly cashflow live
- Estimated rent
- $1,274 high interval (Pro) →
- Mortgage (P&I)
- −$456
- Tax from tax record
- −$136 /mo · $1,630/yr
- Insurance
- −$36
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$268
- Net cashflow
- $378
Break-even live
Sensitivity live
| Price | -10% $428 | -5% $403 | +0% $378 | +5% $354 | +10% $329 |
|---|---|---|---|---|---|
| Rent | -10% $278 | -5% $328 | +0% $378 | +5% $429 | +10% $479 |
| Rate | -1.0pp $422 | -0.5pp $401 | base $378 | +0.5pp $356 | +1.0pp $333 |
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
- $21,750
- Closing costs
- $2,610
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 23 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 19260 Bloom St Detroit, MI | 3.0 | 1.0 | 1100 | $1,350 | $1.23 | 7d | 1 | 0.07mi |
| 18884 Bloom St Detroit, MI | 3.0 | 1.0 | 979 | $975 | $1.00 | 47d | 1 | 0.16mi |
| 18884 Bloom St Detroit, MI | 3.0 | 1.0 | 979 | $975 | $1.00 | 25d | 1 | 0.16mi |
| 19361 Moenart St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 27d | 1 | 0.19mi |
| 18891 Moenart St Detroit, MI | 3.0 | 1.0 | 870 | $1,195 | $1.37 | 20d | 1 | 0.20mi |
| 19162 Conley St Detroit, MI | 2.0 | 1.0 | 1000 | $1,300 | $1.30 | 47d | 1 | 0.23mi |
| 19415 Gable St Detroit, MI | 3.0 | 1.0 | 1000 | $1,373 | $1.37 | 27d | 1 | 0.31mi |
| 19450 Fenelon St Detroit, MI | 3.0 | 1.0 | 1062 | $1,384 | $1.30 | 8d | 1 | 0.37mi |
| 18662 Sunset St Detroit, MI | 2.0 | 1.0 | 726 | $1,250 | $1.72 | 21d | 1 | 0.71mi |
| 20263 Caldwell St Detroit, MI | 3.0 | 1.0 | 909 | $1,350 | $1.49 | 20d | 1 | 0.72mi |
| 19930 Binder St Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 20d | 1 | 0.94mi |
| 19171 Cliff St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 20d | 1 | 0.98mi |
| 19682 Rogge St Detroit, MI | 3.0 | 1.0 | 1000 | $1,350 | $1.35 | 2d | 1 | 1.00mi |
| 19450 Norwood St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 8d | 1 | 1.00mi |
| 20794 Audrey Ave Warren, MI | 3.0 | 1.0 | 954 | $1,350 | $1.42 | 47d | 1 | 1.02mi |
| 19691 Cliff St #1 Detroit, MI | 2.0 | 1.0 | 850 | $1,000 | $1.18 | 2d | 1 | 1.03mi |
| 19360 Revere St Detroit, MI | 3.0 | 1.0 | 1050 | $1,250 | $1.19 | 27d | 1 | 1.04mi |
| 7533 Quinn St Unit 1 Detroit, MI | 2.0 | 1.0 | 700 | $850 | $1.21 | 47d | 1 | 1.12mi |
| 19694 Gallagher St Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 18d | 1 | 1.18mi |
| 21410 Panama St Warren, MI | 3.0 | 1.0 | 900 | $1,600 | $1.78 | 27d | 1 | 1.23mi |
| 21465 Syracuse Ave Warren, MI | 3.0 | 1.0 | 990 | $1,375 | $1.39 | 47d | 1 | 1.28mi |
| 18666 Joseph Campau St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 20d | 1 | 1.30mi |
| 7033 Westminster Ave Warren, MI | 2.0 | 1.0 | 561 | $1,050 | $1.87 | 47d | 1 | 1.47mi |
Listing history 22 events
-
2025-01-02soldstatus $86,000
-
2024-12-17status Pending
-
2024-01-04status Pending 527-char remark
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2024-01-04status Pending
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2023-10-23status Pending 527-char remark
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2023-10-23status Pending
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2023-10-09historical
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2023-10-09historical 527-char remark
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2023-08-03$87,000 Active
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2023-08-03$87,000 Active 527-char remark
Show marketing remark (527 chars)
Immaculate 3-bedroom bungalow for sale! This stunning home boasts a complete renovation, including a new roof and windows that flood the space with natural light. Step onto luxury vinyl floors that add a touch of elegance, while plush new carpets provide comfort. The partially finished basement offers versatile space for your needs. With its contemporary updates and thoughtful design, this property is a gem. Don't miss the chance to own this fully modernized bungalow offering both style and comfort. Call for showing today
-
2023-06-02soldstatus $17,000 Sold 485-char remark
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-06-02soldstatus $17,000 Closed
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-05-12status Pending
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-05-12status Pending 485-char remark
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-05-09historical Accepting Backup Offers
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-05-09historical Accepting Backup Offers 485-char remark
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-05-03status Active
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-05-03status Active 485-char remark
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-04-27historical Accepting Backup Offers
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-04-27historical Accepting Backup Offers 485-char remark
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-04-19$17,000 Active 485-char remark
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
-
2023-04-19$17,000 Active
Show marketing remark (485 chars)
Calling all homeowners!! Great opportunity in the city of Detroit! The property features 3 bedrooms, 1 full bath, a large size living room, and a great size kitchen with a dining room combo. Spacious yard for all those upcoming hot summer days. Full basement ready for your finished basement ideas. This one won't last long so don't wait up and come take a look! The property is being sold in as-is condition. All measurements are estimated. Buyer and Buyer's Agent to verify all info.
ⓘ 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
- $1,630 · $136/mo
- Projected year-2 tax
- $1,630 · $136/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 ≥97°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $15,293
- − Mortgage interest
- −$4,873
- − Property taxes
- −$1,630
- − Insurance
- −$435
- − Repairs & maintenance
- −$1,223
- − Management
- −$1,223
- − Depreciation
- −$2,531
- Taxable income
- $3,377
- Est. tax owed @ 24.0%
- −$810
- After-tax cash flow
- $3,731/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
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)
- 32,760
- Household income
- $35,322
- Rent vs Own
- Severe rent burden
- 2372.0
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 1%
- Common ancestry
- Romanian 1%
- Foreign-born
- 2% · Canada, Vietnam, Philippines
- Languages at home
- 97% English-only · 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
- ▼ -44.65%
- Current HPI
- 328.8978
- Rent YoY
- ▲ 6.72%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+405.9% since first listed22 events — show timeline
- 2025-01-02 Sold (Public Records) $86,000 Public Records
- 2024-12-17 Pending — REALCOMP
- 2024-01-04 Pending — MiRealSource-MiMLS
- 2024-01-04 Pending — REALCOMP
- 2023-10-23 Pending — MiRealSource-MiMLS
- 2023-10-23 Pending — REALCOMP
- 2023-10-09 Listing Removed — MiRealSource-MiMLS
- 2023-10-09 Listing Removed — REALCOMP
- 2023-08-03 Listed $87,000 MiRealSource-MiMLS
- 2023-08-03 Listed $87,000 REALCOMP
- 2023-06-02 Sold (MLS) $17,000 MiRealSource-MiMLS
- 2023-06-02 Sold (MLS) $17,000 REALCOMP
- 2023-05-12 Pending — MiRealSource-MiMLS
- 2023-05-12 Pending — REALCOMP
- 2023-05-09 Contingent — MiRealSource-MiMLS
- 2023-05-09 Contingent — REALCOMP
- 2023-05-03 Relisted — MiRealSource-MiMLS
- 2023-05-03 Relisted — REALCOMP
- 2023-04-27 Contingent — MiRealSource-MiMLS
- 2023-04-27 Contingent — REALCOMP
- 2023-04-19 Listed $17,000 MiRealSource-MiMLS
- 2023-04-19 Listed $17,000 REALCOMP
Property tax history
+2.9%/yrLatest (2025): $1,630 · +1.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…