5093 Garland St · Detroit, MI 48213

$55,000

3 bd · 1.0 ba · 1,362 sqft · SingleFamily public records · 31 Days on market

Built 1919 3,920 sqft lot Est $95k · 42% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity for investors looking for their next rehab project! This property at 5093 Garland Street offers strong potential for renovation, rental income, or resale. Home needs full updates and is being sold as-is, making it ideal for cash buyers or experienced investors ready to bring their vision to life. Located in Detroit with easy access to major roads, shopping, and local amenities. Don't miss the chance to add value and transform this property into a profitable investment. Buyer to verify all information and measurements.

Key facts

• Full updates
• Shopping
• Local amenities

Tags

• REHAB PROJECT
• RENTAL INCOME
• FULL UPDATES
• EASY ACCESS TO MAJOR ROADS
• SHOPPING
• LOCAL AMENITIES

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories; Ground-level entry
• Construction: Brick and asphalt construction materials; Brick/mortar foundation
• Exterior features: Paved road access; Lot roughly 30 x 123.25 (0.09 acres)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $707 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
• Cap rate 21.7% vs local median 10.2% 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: 190 active listings in the ZIP; 22 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).
• At $1,333/mo this rent would consume 47% of the median local household income ($34k/yr) (locally 1202% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts 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.
• Current owner paid $13k; list at $55k implies a 323% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $53,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 2.42% ✓
• Cap rate: 21.72%
• Cash-on-cash: 55.08%
• DSCR: 3.45
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $95,340
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5113 Bewick St	0.06mi	3/2.0	1,368 (+0%)	12mo	$60,000	$44	82
5855 Hurlbut St	0.47mi	3/1.0	1,296 (-5%)	5mo	$119,900	$93	66
4688 French Rd	0.24mi	4/2.0 (+1)	1,458 (+7%)	4mo	$170,000	$117	64
4472 French Rd	0.39mi	3/1.0	1,245 (-9%)	4mo	$98,000	$79	64
4780 Hurlbut St	0.23mi	4/2.0 (+1)	1,489 (+9%)	2mo	$155,000	$104	63
5239 Crane St	0.66mi	3/1.0	1,404 (+3%)	4mo	$24,500	$17	60
4791 Saint Clair St	0.17mi	4/1.0 (+1)	1,494 (+10%)	17mo	$30,000	$20	57
5326 Belvidere St	0.45mi	4/1.5 (+1)	1,469 (+8%)	5mo	$82,500	$56	54
4533 Mcclellan St	0.53mi	3/1.0	1,194 (-12%)	7mo	$86,000	$72	49
5832 Garland St	0.49mi	3/1.0	1,169 (-14%)	6mo	$29,900	$26	48
4078 Beniteau St	0.67mi	3/1.5	1,309 (-4%)	15mo	$90,000	$69	47
4046 Beniteau St	0.69mi	3/1.5	1,223 (-10%)	15mo	$85,000	$70	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 53.3%
• Equity multiple: 3.34×
• Total profit: $36,107
• Equity at exit: $8,201

10-year hold

• IRR: 58.5%
• Equity multiple: 6.81×
• Total profit: $89,409
• Equity at exit: $4,755

Cash invested: $15,400 (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 48213

• Active inventory: 190
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,333 high
• Mortgage (P&I): −$288
• Tax from tax record: −$35 /mo · $416/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $707

Break-even live

Break-even rent $438

Max offer price $55,000

Occupancy floor 42%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5342 Cooper St Detroit, MI	3.0	1.0	1125	$1,200	$1.07	24d	1	0.30mi
5045 Fairview St Detroit, MI	3.0	1.0	1303	$1,200	$0.92	44d	1	0.38mi
4487 French Rd Detroit, MI	4.0	2.0	1280	$1,800	$1.41	44d	1	0.40mi
4190 Hurlbut St Unit 2 Detroit, MI	2.0	1.0	900	$945	$1.05	15d	1	0.55mi
4055 Beniteau St Detroit, MI	2.0	1.0	1000	$900	$0.90	17d	1	0.69mi
8843 E Canfield St Detroit, MI	4.0	2.0	1200	$2,400	$2.00	44d	1	0.73mi
3937 Beniteau St Detroit, MI	2.0	1.0	900	$950	$1.06	15d	1	0.78mi
3937 Beniteau St Unit 1 Detroit, MI	2.0	1.0	1250	$900	$0.72	44d	1	0.78mi
3501 Garland St Detroit, MI	2.0	1.0	1000	$900	$0.90	24d	1	0.87mi
3495 Garland St Detroit, MI	2.0	1.0	1100	$900	$0.82	44d	1	0.88mi
5858 Seneca St Detroit, MI	3.0	1.0	1348	$999	$0.74	18d	1	0.89mi
4169 Burns St Detroit, MI	4.0	2.5	1326	$2,300	$1.73	24d	1	0.94mi
5380 Maxwell St Unit 5380 Detroit, MI	2.0	1.0	1100	$900	$0.82	18d	1	0.97mi
9354 Bessemore St Detroit, MI	3.0	1.0	1125	$1,294	$1.15	17d	1	1.00mi
3032 Hurlbut St Unit 1 Detroit, MI	2.0	1.0	950	$900	$0.95	4d	1	1.04mi
3475 Crane St Detroit, MI	3.0	1.5	1000	$1,338	$1.34	44d	1	1.10mi
4811 Seyburn St Detroit, MI	3.0	1.0	1196	$1,037	$0.87	17d	1	1.18mi
9142 Isham Detroit, MI	3.0	1.0	1000	$1,344	$1.34	17d	1	1.20mi
2544 Cadillac Blvd Unit 2 Detroit, MI	2.0	1.0	973	$825	$0.85	24d	1	1.28mi
2282 Belvidere St Unit 102 Detroit, MI	2.0	2.0	1000	$1,250	$1.25	44d	1	1.39mi
8215 Badger St Detroit, MI	2.0	1.0	1000	$1,000	$1.00	15d	1	1.40mi
15111 E Vernor Hwy Unit 6 Detroit, MI	2.0	1.0	900	$1,200	$1.33	24d	1	1.42mi

Listing history 25 events

1. 2026-06-18
   days on market $55,000 Active 31 DOM
2. 2026-06-17
   days on market $55,000 Active 30 DOM
3. 2026-06-15
   days on market $55,000 Active 28 DOM
4. 2026-06-13
   days on market $55,000 Active 26 DOM
5. 2026-06-13
   days on market $55,000 Active 25 DOM
6. 2026-06-09
   days on market $55,000 Active 22 DOM
7. 2026-06-08
   days on market $55,000 Active 21 DOM
8. 2026-06-07
   days on market $55,000 Active 20 DOM
9. 2026-06-04
   days on market $55,000 Active 17 DOM
10. 2026-06-03
    days on market $55,000 Active 16 DOM
11. 2026-06-02
    days on market $55,000 Active 15 DOM
12. 2026-06-01
    days on market $55,000 Active 14 DOM
13. 2026-05-31
    days on market $55,000 Active 13 DOM
14. 2026-05-18
    listed $55,000 Active 541-char remark

    Show marketing remark (541 chars)

    Great opportunity for investors looking for their next rehab project! This property at 5093 Garland Street offers strong potential for renovation, rental income, or resale. Home needs full updates and is being sold as-is, making it ideal for cash buyers or experienced investors ready to bring their vision to life. Located in Detroit with easy access to major roads, shopping, and local amenities. Don't miss the chance to add value and transform this property into a profitable investment. Buyer to verify all information and measurements.

15. 2026-05-18
    listed $55,000 Active

    Show marketing remark (541 chars)

    Great opportunity for investors looking for their next rehab project! This property at 5093 Garland Street offers strong potential for renovation, rental income, or resale. Home needs full updates and is being sold as-is, making it ideal for cash buyers or experienced investors ready to bring their vision to life. Located in Detroit with easy access to major roads, shopping, and local amenities. Don't miss the chance to add value and transform this property into a profitable investment. Buyer to verify all information and measurements.

16. 2026-03-24
    soldstatus $13,000 Closed 1413-char remark

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

17. 2026-03-24
    soldstatus $13,000 Closed

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

18. 2026-03-19
    status Pending

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

19. 2026-03-19
    status Pending 1413-char remark

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

20. 2026-03-17
    status Active

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

21. 2026-03-17
    status Active 1413-char remark

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

22. 2026-03-12
    historical Accepting Backup Offers

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

23. 2026-03-12
    historical Active Under Contract 1413-char remark

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

24. 2026-03-05
    listed $15,000 Active 1413-char remark

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

25. 2026-03-05
    listed $15,000 Active

    Show marketing remark (1413 chars)

    Great opportunity in Detroit’s east side East Village area! This 3-bedroom, 1.5-bath brick home offers solid potential for investors or buyers looking to renovate and add value. The property features a full basement and classic brick construction. The roof is in okay condition, but the home does have foundation issues that will require attention. The detached garage will need to be torn down, creating an opportunity to redesign the backyard space. Located just minutes from East English Village, Mack Avenue shopping and dining, and Belle Isle Park, with convenient access to I-94, downtown Detroit, and the Grosse Pointe communities. A great project for investors or rehabbers looking for a property in an established east side neighborhood. Flexible Land Contract terms are available!! Buyer to verify all information. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Closing will be conducted via contract assignment or double closing, with preference given to assignment. Seller to provide marketable title at closing. Title commitment available. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed.

ⓘ 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: $416 · $35/mo
• Projected year-2 tax: $631 · $53/mo
• Expected delta: +$216/yr (+$18/mo · 51.8%)

ⓘ 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 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,993
• − Mortgage interest: −$3,081
• − Property taxes: −$416
• − Insurance: −$275
• − Repairs & maintenance: −$1,279
• − Management: −$1,279
• − Depreciation: −$1,600
• Taxable income: $8,062
• Est. tax owed @ 24.0%: −$1,935
• After-tax cash flow: $6,547/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): 20,075
• Household income: $34,003
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1202.0

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 (92%)
• Race & ethnicity: Black 92% White 4% Hispanic / Latino 2% Two or more races 1%
• Common ancestry: Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Arabic 1% 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: ▼ -122.86%
• Current HPI: 217.2037
• 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

+266.7% since first listed

12 events — show timeline

• 2026-05-18 Listed $55,000 REALCOMP
• 2026-05-18 Listed $55,000 MiRealSource-MiMLS
• 2026-03-24 Sold (MLS) $13,000 MiRealSource-MiMLS
• 2026-03-24 Sold (MLS) $13,000 REALCOMP
• 2026-03-19 Pending — MiRealSource-MiMLS
• 2026-03-19 Pending — REALCOMP
• 2026-03-17 Relisted — MiRealSource-MiMLS
• 2026-03-17 Relisted — REALCOMP
• 2026-03-12 Contingent — MiRealSource-MiMLS
• 2026-03-12 Contingent — REALCOMP
• 2026-03-05 Listed $15,000 MiRealSource-MiMLS
• 2026-03-05 Listed $15,000 REALCOMP

Property tax history

-3.3%/yr

Latest (2025): $416 · +1.5% YoY. Source: county tax records.