17139 Rowe St · Detroit, MI 48205

$34,000

3 bd · 1.0 ba · 1,443 sqft · SingleFamily public records · 40 Days on market

Built 1928 4,356 sqft lot $24/sqft · 56% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! Great opportunity to add value to this 3-bedroom, 1.5-bath Colonial with a 2-car garage. Solid layout with spacious rooms and strong rental potential. Perfect for fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Property offers classic Colonial design with separate living and dining areas, generous bedroom sizes, and a full basement for added storage or finishing potential. The 2-car garage adds additional value for resale or rental appeal. Located in an established Detroit neighborhood with steady rental demand. With the right updates, this property has excellent upside potential.

Key facts

• Full basement
• Upside potential
• Colonial design

Tags

• COLONIAL DESIGN
• FULL BASEMENT
• STEADY RENTAL DEMAND
• UPSIDE POTENTIAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $34k.

Deal economics

• At list price, monthly cash flow is $827 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $34k).
• Recommended offer: $33k (3.0% below list) — sets the bar for market timing.
• Cap rate 35.5% 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: Rents rising (+1.3%/yr); 373 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 42% of the median local income ($39k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $235 of loan paydown is wiped out by about $1k 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 + 1.3% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($33k) 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 $16k; list at $34k implies a 117% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $32,980 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 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 1928 — 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: 4.05% ✓
• Cap rate: 35.49%
• Cash-on-cash: 104.28%
• DSCR: 5.64
• GRM: 2.1

CMA / ARV

• ARV (median comp): $77,567
• List price: $34,000
• Delta: -56.17%
• 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
17170 Bradford Ave	0.18mi	3/1.0	1,450 (+0%)	7mo	$27,000	$19	85
17613 Rowe St	0.21mi	3/1.5	1,391 (-4%)	6mo	$71,000	$51	77
17175 Albion St	0.12mi	3/1.5	1,350 (-6%)	8mo	$113,000	$84	75
11867 Engleside St	0.26mi	3/1.0	1,500 (+4%)	9mo	$60,000	$40	74
17380 Runyon St	0.23mi	3/1.5	1,406 (-3%)	12mo	$69,500	$49	73
11785 Nashville St	0.29mi	3/1.5	1,360 (-6%)	4mo	$55,000	$40	72
11457 Nashville St	0.32mi	3/1.5	1,464 (+2%)	12mo	$75,000	$51	71
11860 College St	0.40mi	3/1.5	1,395 (-3%)	9mo	$71,000	$51	67
11480 College St	0.40mi	3/1.5	1,330 (-8%)	10mo	$33,000	$25	58
12016 Nashville St	0.36mi	4/1.0 (+1)	1,590 (+10%)	4mo	$65,000	$41	58
11812 Engleside St	0.26mi	4/1.0 (+1)	1,311 (-9%)	12mo	$42,500	$32	58
11061 Nashville St	0.48mi	3/1.0	1,242 (-14%)	10mo	$55,000	$44	46

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 5.72×
• Total profit: $44,940
• Equity at exit: $5,070

10-year hold

• IRR: —
• Equity multiple: 11.30×
• Total profit: $98,100
• Equity at exit: $2,940

Cash invested: $9,520 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,376 high
• Mortgage (P&I): −$178
• Tax from tax record: −$67 /mo · $807/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $827

Break-even live

Break-even rent $329

Max offer price $34,000

Occupancy floor 35%

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: $8,500
• Closing costs: $1,020
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	17d	1	0.10mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	43d	1	0.24mi
11785 Nashville St Detroit, MI	3.0	2.0	1360	$1,450	$1.07	3d	1	0.28mi
11760 Nashville St Detroit, MI	3.0	1.0	1200	$1,250	$1.04	17d	1	0.31mi
11074 Kennebec St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	43d	1	0.42mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.43mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	43d	1	0.45mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	43d	1	0.56mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	17d	1	0.56mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	1d	1	0.65mi
11765 Glenfield Ave Unit 1510880P Detroit, MI	2.0	1.0	990	$3,102	$3.13	14d	1	0.85mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.85mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	18d	1	0.85mi
18947 Runyon St Detroit, MI	3.0	1.0	1614	$1,100	$0.68	43d	1	0.88mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	0.88mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.89mi
11171 Charlemagne Ave Unit A Detroit, MI	3.0	1.0	1598	$1,200	$0.75	43d	1	0.91mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.96mi
8205 E Outer Dr Detroit, MI	3.0	1.5	1874	$1,400	$0.75	17d	1	1.05mi
7600 Dobel St Detroit, MI	3.0	1.0	1234	$1,400	$1.13	16d	1	1.15mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	1.16mi
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	17d	1	1.18mi
12051 Wilshire Dr Detroit, MI	3.0	1.5	1224	$1,250	$1.02	17d	1	1.22mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	43d	1	1.23mi
12840 Kilbourne St Detroit, MI	3.0	1.0	1136	$1,350	$1.19	18d	1	1.26mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	17d	1	1.30mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	1.30mi
14201 Mayfield St Detroit, MI	4.0	1.5	1296	$1,250	$0.96	43d	1	1.34mi
12210 Longview St Detroit, MI	3.0	1.0	1020	$1,100	$1.08	43d	1	1.42mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	18d	1	1.42mi

Listing history 13 events

1. 2026-05-18
   status Pending 614-char remark

   Show marketing remark (614 chars)

   Investor Special! Great opportunity to add value to this 3-bedroom, 1.5-bath Colonial with a 2-car garage. Solid layout with spacious rooms and strong rental potential. Perfect for fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Property offers classic Colonial design with separate living and dining areas, generous bedroom sizes, and a full basement for added storage or finishing potential. The 2-car garage adds additional value for resale or rental appeal. Located in an established Detroit neighborhood with steady rental demand. With the right updates, this property has excellent upside potential.

2. 2026-05-18
   status Pending 614-char remark

   Show marketing remark (614 chars)

   Investor Special! Great opportunity to add value to this 3-bedroom, 1.5-bath Colonial with a 2-car garage. Solid layout with spacious rooms and strong rental potential. Perfect for fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Property offers classic Colonial design with separate living and dining areas, generous bedroom sizes, and a full basement for added storage or finishing potential. The 2-car garage adds additional value for resale or rental appeal. Located in an established Detroit neighborhood with steady rental demand. With the right updates, this property has excellent upside potential.

3. 2026-04-08
   listed $34,000 Active 614-char remark

   Show marketing remark (614 chars)

   Investor Special! Great opportunity to add value to this 3-bedroom, 1.5-bath Colonial with a 2-car garage. Solid layout with spacious rooms and strong rental potential. Perfect for fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Property offers classic Colonial design with separate living and dining areas, generous bedroom sizes, and a full basement for added storage or finishing potential. The 2-car garage adds additional value for resale or rental appeal. Located in an established Detroit neighborhood with steady rental demand. With the right updates, this property has excellent upside potential.

4. 2026-04-08
   listed $34,000 Active 614-char remark

   Show marketing remark (614 chars)

   Investor Special! Great opportunity to add value to this 3-bedroom, 1.5-bath Colonial with a 2-car garage. Solid layout with spacious rooms and strong rental potential. Perfect for fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Property offers classic Colonial design with separate living and dining areas, generous bedroom sizes, and a full basement for added storage or finishing potential. The 2-car garage adds additional value for resale or rental appeal. Located in an established Detroit neighborhood with steady rental demand. With the right updates, this property has excellent upside potential.

5. 2026-04-08
   historical

   Show marketing remark (614 chars)

   Investor Special! Great opportunity to add value to this 3-bedroom, 1.5-bath Colonial with a 2-car garage. Solid layout with spacious rooms and strong rental potential. Perfect for fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Property offers classic Colonial design with separate living and dining areas, generous bedroom sizes, and a full basement for added storage or finishing potential. The 2-car garage adds additional value for resale or rental appeal. Located in an established Detroit neighborhood with steady rental demand. With the right updates, this property has excellent upside potential.

6. 2026-04-08
   historical

   Show marketing remark (614 chars)

   Investor Special! Great opportunity to add value to this 3-bedroom, 1.5-bath Colonial with a 2-car garage. Solid layout with spacious rooms and strong rental potential. Perfect for fix-and-flip, BRRRR, or long-term buy-and-hold strategy. Property offers classic Colonial design with separate living and dining areas, generous bedroom sizes, and a full basement for added storage or finishing potential. The 2-car garage adds additional value for resale or rental appeal. Located in an established Detroit neighborhood with steady rental demand. With the right updates, this property has excellent upside potential.

7. 2026-02-24
   listed $38,000 Active
8. 2026-02-24
   listed $38,000 Active
9. 2026-02-24
   historical
10. 2026-02-24
    historical
11. 2026-02-13
    listed $48,000 Active
12. 2026-02-13
    listed $48,000 Active
13. 1991-04-30
    soldstatus $15,679

ⓘ 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: $807 · $67/mo
• Projected year-2 tax: $807 · $67/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 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,510
• − Mortgage interest: −$1,905
• − Property taxes: −$807
• − Insurance: −$170
• − Repairs & maintenance: −$1,321
• − Management: −$1,321
• − Depreciation: −$989
• Taxable income: $9,999
• Est. tax owed @ 24.0%: −$2,400
• After-tax cash flow: $7,527/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+116.9% since first listed

13 events — show timeline

• 2026-05-18 Pending — MiRealSource-MiMLS
• 2026-05-18 Pending — REALCOMP
• 2026-04-08 Listed $34,000 REALCOMP
• 2026-04-08 Listing Removed — REALCOMP
• 2026-04-08 Listing Removed — MiRealSource-MiMLS
• 2026-04-08 Listed $34,000 MiRealSource-MiMLS
• 2026-02-24 Listing Removed — MiRealSource-MiMLS
• 2026-02-24 Listing Removed — REALCOMP
• 2026-02-24 Listed $38,000 REALCOMP
• 2026-02-24 Listed $38,000 MiRealSource-MiMLS
• 2026-02-13 Listed $48,000 MiRealSource-MiMLS
• 2026-02-13 Listed $48,000 REALCOMP
• 1991-04-30 Sold (Public Records) $15,679 Public Records

Property tax history

-2.2%/yr

Latest (2025): $807 · -53.4% YoY. Source: county tax records.