5764 Marseilles 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 96°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
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +24.7/30.0
- 1% rule +8.6/10.0
- DSCR +8.0/10.0
- Livability +3.7/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$99,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this updated home on Detroit's east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you're a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
Key facts
- 5,227 sq ft lot
- Built 1941
- Listed 147 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $100k.
Deal economics
- At list price, monthly cash flow is $208 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $100k).
- Recommended offer: $88k (12.0% 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: 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 flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 36% of the median local income ($45k/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 $691 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.
Negotiation context
- It's been on market 148 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
- 13 sale attempts since 16y ago; this cycle's ask has dropped $15k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $31k; list at $100k implies a 225% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 3.5% of price; built in 1941 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 1.36% ✓
- Cap rate
- 8.80%
- Cash-on-cash
- 8.94%
- DSCR
- 1.40
- GRM
- 6.1
CMA / ARV
- ARV (median comp)
- $71,096
- List price
- $99,900
- Delta
- 40.51%
- 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 |
|---|---|---|---|---|---|---|---|
| 6135 Marseilles St | 0.22mi | 3/1.0 | 988 (-1%) | 0mo | $55,000 | $56 | 88 |
| 5981 University Pl | 0.17mi | 3/1.0 | 964 (-3%) | 3mo | $64,000 | $66 | 84 |
| 5220 University Pl | 0.30mi | 2/1.0 (-1) | 1,001 (+0%) | 0mo | $40,000 | $40 | 80 |
| 6156 Lodewyck St | 0.25mi | 3/1.0 | 900 (-10%) | 1mo | $51,000 | $57 | 72 |
| 6106 Oldtown St | 0.47mi | 3/1.5 | 961 (-4%) | 1mo | $132,000 | $137 | 69 |
| 19134 Mallina St | 0.53mi | 3/1.0 | 1,032 (+4%) | 2mo | $179,000 | $173 | 68 |
| 6301 Lodewyck St | 0.32mi | 3/1.0 | 1,084 (+9%) | 4mo | $70,000 | $65 | 67 |
| 18904 Mallina St | 0.38mi | 3/1.0 | 1,107 (+11%) | 2mo | $85,575 | $77 | 62 |
| 6304 Bluehill St | 0.49mi | 3/1.0 | 1,088 (+9%) | 3mo | $99,000 | $91 | 59 |
| 6003 Oldtown St | 0.49mi | 3/1.0 | 1,100 (+10%) | 3mo | $119,000 | $108 | 57 |
| 21628 Newcastle Rd | 0.74mi | 3/1.0 | 1,079 (+8%) | 0mo | $173,500 | $161 | 51 |
| 9369 Sanilac St | 0.66mi | 3/1.0 | 1,124 (+13%) | 1mo | $65,000 | $58 | 47 |
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 · 0.73% rent growth · sell at horizon
- IRR
- -5.7%
- Equity multiple
- 0.79×
- Total profit
- $-5,807
- Equity at exit
- $14,895
- IRR
- 0.4%
- Equity multiple
- 1.02×
- Total profit
- $696
- Equity at exit
- $8,638
Cash invested: $27,972 (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 48224
- Rents YoY
- 0.7%
- Active inventory
- 484
- Price-to-rent
- 6.1×
Monthly cashflow live
- Estimated rent
- $1,354 high interval (Pro) →
- Mortgage (P&I)
- −$524
- Tax from tax record
- −$295 /mo · $3,546/yr
- Insurance
- −$42
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$284
- Net cashflow
- $208
Break-even live
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
- $24,975
- Closing costs
- $2,997
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5915 Farmbrook St Detroit, MI | 3.0 | 1.5 | 1000 | $1,250 | $1.25 | 24d | 1 | 0.12mi |
| 5786 Neff Ave Detroit, MI | 3.0 | 1.5 | 1100 | $1,225 | $1.11 | 17d | 1 | 0.20mi |
| 6175 Marseilles St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 44d | 1 | 0.27mi |
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 12d | 1 | 0.32mi |
| 6181 Neff Ave Detroit, MI | 3.0 | 1.0 | 1102 | $1,299 | $1.18 | 18d | 1 | 0.35mi |
| 5955 Guilford St Detroit, MI | 3.0 | 1.0 | 802 | $1,400 | $1.75 | 17d | 1 | 0.37mi |
| 17720 Chester St Detroit, MI | 2.0 | 1.0 | 986 | $1,250 | $1.27 | 44d | 1 | 0.40mi |
| 17710 Chester St Detroit, MI | 2.0 | 1.0 | 984 | $1,250 | $1.27 | 44d | 1 | 0.40mi |
| 6325 Neff Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 3d | 1 | 0.41mi |
| 6304 Bluehill St Detroit, MI | 3.0 | 1.0 | 1088 | $1,500 | $1.38 | 44d | 1 | 0.49mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 3d | 1 | 0.58mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 18d | 1 | 0.58mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 3d | 1 | 0.59mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 17d | 1 | 0.59mi |
| 21401 Kingsville St Harper Woods, MI | 2.0 | 1.0 | 944 | $1,200 | $1.27 | 24d | 1 | 0.62mi |
| 19203 Edgefield St Harper Woods, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 24d | 1 | 0.70mi |
| 10542 Lanark St Detroit, MI | 3.0 | 1.0 | 1023 | $1,250 | $1.22 | 44d | 1 | 0.71mi |
| 4865 Cadieux Rd Unit 11 Detroit, MI | 2.0 | 1.0 | 630 | $1,200 | $1.90 | 44d | 1 | 0.72mi |
| 4837 Cadieux Rd Unit 9 Detroit, MI | 2.0 | 1.0 | 650 | $1,200 | $1.85 | 44d | 1 | 0.73mi |
| 17137 Ontario St Unit 1 Detroit, MI | 2.0 | 1.0 | 982 | $1,123 | $1.14 | 24d | 1 | 0.75mi |
| 4811 Cadieux Rd Unit 10 Detroit, MI | 2.0 | 1.0 | 663 | $1,200 | $1.81 | 44d | 1 | 0.75mi |
| 4811 Cadieux Rd Unit 11 Detroit, MI | 2.0 | 1.0 | 663 | $1,200 | $1.81 | 22d | 1 | 0.75mi |
| 5783 Yorkshire Rd Detroit, MI | 2.0 | 1.0 | 1040 | $1,200 | $1.15 | 44d | 1 | 0.75mi |
| 10370 Britain St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 44d | 1 | 0.92mi |
| 20461 Kingsville St Harper Woods, MI | 4.0 | 1.0 | 1100 | $1,399 | $1.27 | 15d | 1 | 0.93mi |
| 10037 Grayton St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 3d | 1 | 0.94mi |
| 10692 Meuse St Detroit, MI | 3.0 | 1.0 | 955 | $1,250 | $1.31 | 12d | 1 | 0.94mi |
| 10400 Britain St Detroit, MI | 3.0 | 1.0 | 890 | $1,100 | $1.24 | 44d | 1 | 0.95mi |
| 10177 Boleyn St Detroit, MI | 3.0 | 1.0 | 767 | $1,250 | $1.63 | 44d | 1 | 0.96mi |
| 10985 Peerless St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 5d | 1 | 0.97mi |
| 19982 McCormick St Detroit, MI | 3.0 | 1.0 | 866 | $1,200 | $1.39 | 3d | 1 | 1.11mi |
| 5028 Bedford St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 5d | 1 | 1.19mi |
| 5284 Devonshire Rd Detroit, MI | 2.0 | 1.0 | 650 | $1,050 | $1.62 | 24d | 1 | 1.19mi |
| 10404 Somerset Ave Detroit, MI | 3.0 | 1.0 | 1108 | $1,475 | $1.33 | 3d | 1 | 1.21mi |
| 5031 Bedford St Detroit, MI | 2.0 | 1.0 | 876 | $1,870 | $2.13 | 2d | 1 | 1.21mi |
| 890 Neff Rd Grosse Pointe, MI | 2.0 | 1.0 | 1100 | $2,000 | $1.82 | 24d | 1 | 1.25mi |
| 5112 Haverhill St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 44d | 1 | 1.26mi |
| 19639 Moross Rd Unit 1 Detroit, MI | 2.0 | 1.0 | 900 | $1,100 | $1.22 | 44d | 1 | 1.30mi |
| 11529 Roxbury St Detroit, MI | 2.0 | 1.0 | 720 | $1,200 | $1.67 | 12d | 1 | 1.32mi |
| 4627 Bedford St Unit 1 Detroit, MI | 2.0 | 1.0 | 1050 | $945 | $0.90 | 20d | 1 | 1.32mi |
Listing history 50 events
-
2026-06-18days on market $99,900 Active 148 DOM
-
2026-06-17days on market $99,900 Active 147 DOM
-
2026-06-15days on market $99,900 Active 145 DOM
-
2026-06-13days on market $99,900 Active 143 DOM
-
2026-06-13days on market $99,900 Active 142 DOM
-
2026-06-09days on market $99,900 Active 139 DOM
-
2026-06-08days on market $99,900 Active 138 DOM
-
2026-06-07days on market $99,900 Active 137 DOM
-
2026-06-04days on market $99,900 Active 134 DOM
-
2026-06-03days on market $99,900 Active 133 DOM
-
2026-06-01days on market $99,900 Active 131 DOM
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2026-05-31days on market $99,900 Active 130 DOM
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2026-05-01price $99,900 858-char remark
Show marketing remark (858 chars)
Welcome to this updated home on Detroit's east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you're a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
-
2026-04-30price $99,900 870-char remark
Show marketing remark (870 chars)
Welcome to this updated home on Detroit’s east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you’re a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
-
2026-02-10price $109,900 858-char remark
Show marketing remark (870 chars)
Welcome to this updated home on Detroit’s east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you’re a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
-
2026-02-10price $109,900 870-char remark
Show marketing remark (870 chars)
Welcome to this updated home on Detroit’s east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you’re a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
-
2026-01-22$114,900 Active 858-char remark
Show marketing remark (870 chars)
Welcome to this updated home on Detroit’s east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you’re a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
-
2026-01-22$114,900 Active 870-char remark
Show marketing remark (870 chars)
Welcome to this updated home on Detroit’s east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you’re a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
-
2026-01-20historical $114,900 858-char remark
Show marketing remark (858 chars)
Welcome to this updated home on Detroit's east side, ideally located near Mack Ave with quick access to Grosse Pointe amenities. This home offers a great combination of character and recent improvements, including a new roof (2024) and a fully remodeled kitchen featuring new cabinets, countertops, tile backsplash, and new refrigerator and range. Hardwood floors and natural light create a warm, inviting feel throughout the main living spaces. The full basement provides additional storage and potential for future use. The property is priced to reflect condition and offers a strong opportunity for a buyer to add value and build equity. Seller will install a new furnace and hot water heater prior to closing. Whether you're a first time buyer or investor, this home presents a great opportunity at an attractive price point. Schedule your showing today!
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2025-12-19historical
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2025-12-19historical
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2025-11-04price $114,900
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2025-11-03price $114,900
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2025-10-23$119,900 Active
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2025-10-23$119,900 Active
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2025-10-21price $119,900
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2025-10-21price $119,900
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2025-10-21historical
-
2025-05-07historical
-
2025-03-20$129,500 Active
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2025-03-20$129,500 Active
-
2025-03-18historical
-
2024-05-25historical $1,300
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2024-05-08price $1,300
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2024-05-04$1,500
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2024-01-17soldstatus $30,750
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2024-01-04soldstatus $30,750 Sold
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2024-01-04soldstatus $30,750 Closed
-
2023-12-20status Pending
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2023-12-20status Pending
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2023-11-21price $49,000
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2023-11-21price $49,000
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2023-10-23price $74,900
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2023-10-23price $74,900
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2023-10-12price $90,000
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2023-10-12price $90,000
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2023-08-21$105,000 Active
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2023-08-21$105,000 Active
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2011-12-21soldstatus $14,500
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2011-12-21soldstatus $14,500
ⓘ 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
- $3,546 · $295/mo
- Projected year-2 tax
- $3,546 · $295/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 ≥96°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
- $16,245
- − Mortgage interest
- −$5,596
- − Property taxes
- −$3,546
- − Insurance
- −$500
- − Repairs & maintenance
- −$1,300
- − Management
- −$1,300
- − Depreciation
- −$2,906
- Taxable income
- $1,099
- Est. tax owed @ 24.0%
- −$264
- After-tax cash flow
- $2,238/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)
- 39,668
- Household income
- $44,856
- Rent vs Own
- Severe rent burden
- 2515.0
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 8% Two or more races 3% Hispanic / Latino 1%
- Common ancestry
- Iranian 1% Romanian 1% Lithuanian 1%
- Foreign-born
- 1%
- Languages at home
- 97% English-only · Spanish 2%
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
- ▼ -226.38%
- Current HPI
- 161.886
- Rent YoY
- ▲ 0.73%
- 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
+150.4% since first listed44 events — show timeline
- 2026-05-01 Price Changed $99,900 MiRealSource-MiMLS
- 2026-04-30 Price Changed $99,900 REALCOMP
- 2026-02-10 Price Changed $109,900 MiRealSource-MiMLS
- 2026-02-10 Price Changed $109,900 REALCOMP
- 2026-01-22 Listed $114,900 MiRealSource-MiMLS
- 2026-01-22 Listed $114,900 REALCOMP
- 2026-01-20 Coming Soon $114,900 MiRealSource-MiMLS
- 2025-12-19 Listing Removed — MiRealSource-MiMLS
- 2025-12-19 Listing Removed — REALCOMP
- 2025-11-04 Price Changed $114,900 MiRealSource-MiMLS
- 2025-11-03 Price Changed $114,900 REALCOMP
- 2025-10-23 Listed $119,900 MiRealSource-MiMLS
- 2025-10-23 Listed $119,900 REALCOMP
- 2025-10-21 Price Changed $119,900 MiRealSource-MiMLS
- 2025-10-21 Price Changed $119,900 REALCOMP
- 2025-10-21 Coming Soon — MiRealSource-MiMLS
- 2025-05-07 Listing Removed — MiRealSource-MiMLS
- 2025-03-20 Listed $129,500 MiRealSource-MiMLS
- 2025-03-20 Listed $129,500 REALCOMP
- 2025-03-18 Coming Soon — MiRealSource-MiMLS
- 2024-05-25 Rental Removed $1,300 APPFOLIO
- 2024-05-08 Price Changed $1,300 APPFOLIO
- 2024-05-04 Listed for Rent $1,500 APPFOLIO
- 2024-01-17 Sold (Public Records) $30,750 Public Records
- 2024-01-04 Sold (MLS) $30,750 MiRealSource-MiMLS
- 2024-01-04 Sold (MLS) $30,750 REALCOMP
- 2023-12-20 Pending — MiRealSource-MiMLS
- 2023-12-20 Pending — REALCOMP
- 2023-11-21 Price Changed $49,000 MiRealSource-MiMLS
- 2023-11-21 Price Changed $49,000 REALCOMP
- 2023-10-23 Price Changed $74,900 MiRealSource-MiMLS
- 2023-10-23 Price Changed $74,900 REALCOMP
- 2023-10-12 Price Changed $90,000 MiRealSource-MiMLS
- 2023-10-12 Price Changed $90,000 REALCOMP
- 2023-08-21 Listed $105,000 MiRealSource-MiMLS
- 2023-08-21 Listed $105,000 REALCOMP
- 2011-12-21 Sold (MLS) $14,500 REALCOMP
- 2011-12-21 Sold (MLS) $14,500 MiRealSource-MiMLS
- 2011-07-07 Listed $19,900 REALCOMP
- 2011-07-07 Listed $19,900 MiRealSource-MiMLS
- 2010-06-08 Listing Removed — MiRealSource-MiMLS
- 2010-06-07 Listing Removed — REALCOMP
- 2010-04-28 Listed $39,900 REALCOMP
- 2010-04-27 Listed $39,900 MiRealSource-MiMLS
Property tax history
+6.3%/yrLatest (2025): $3,546 · +72.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…