19181 Marx St · Detroit, MI 48203

$44,900

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 18 Days on market

Built 1929 3,485 sqft lot $39/sqft · 10% below area Est $50k · 10% under ↓ 32% since listing

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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 +11.8/15.0
• 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

Charming Brick Colonial – Great Investment or Starter Opportunity! Welcome to this beautiful brick colonial featuring 3 bedrooms and 1 full bath - an ideal opportunity for investors seeking strong rental potential or first-time homebuyers ready to build equity. This home blends timeless character with modern updates, featuring hardwood floors throughout and a more open, connected main level. The kitchen wall has been opened up to create an open-concept feel, allowing for better flow between the kitchen, living room, and formal dining area - perfect for everyday living and entertaining. Enjoy a spacious living room, formal dining room, and a kitchen with great potential to make your own. The full basement includes a separate utility and laundry area (storage area) and offers an open canvas to finish for additional living space. Conveniently located near freeways, restaurants, entertainment, schools, and parks, this home offers both comfort and accessibility. Don't miss your chance to add value and make this solid home your own!

Key facts

• Formal dining room
• Full basement
• Brick colonial

Tags

• BRICK COLONIAL
• HARDWOOD FLOORS
• SPACIOUS LIVING ROOM
• FORMAL DINING ROOM
• FULL BASEMENT

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories; Ground-level entry with steps
• Construction: Brick and vinyl siding exterior; Block foundation
• Exterior features: Paved road access; Lot approximately 0.08 acres (30 x 120)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: 6 total rooms; Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $631 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (1.5% below list) — sets the bar for market timing.
• Cap rate 23.2% 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: 216 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 ($38k/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 $310 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 + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 27y 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: property tax is 4.5% of price; built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $44,226 (1.5% below list)

Questions for the listing agent

1. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.97% ✓
• Cap rate: 23.16%
• Cash-on-cash: 60.25%
• DSCR: 3.68
• GRM: 2.8

CMA / ARV

• ARV (median comp): $49,690
• List price: $44,900
• Delta: -9.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19181 Marx St	0.00mi	3/1.0	1,152 (0%)	1mo	$40,500	$35	99
19145 Riopelle St	0.13mi	3/2.0	1,152 (0%)	2mo	$80,000	$69	88
19163 Orleans St	0.07mi	2/1.0 (-1)	1,080 (-6%)	2mo	$32,500	$30	80
19365 Goddard St	0.35mi	3/1.0	1,100 (-4%)	1mo	$97,500	$89	76
19710 Greeley St	0.39mi	3/1.5	1,143 (-1%)	3mo	$80,000	$70	76
19711 Greeley St	0.40mi	3/1.0	1,125 (-2%)	4mo	$75,000	$67	74
19640 Yacama Rd	0.68mi	3/1.0	1,156 (+0%)	1mo	$15,000	$13	67
1737 E Outer Dr	0.62mi	3/1.5	1,124 (-2%)	4mo	$96,000	$85	61
20041 Marx St	0.55mi	3/1.5	1,233 (+7%)	2mo	$130,500	$106	59
19155 Gallagher St	0.71mi	3/1.5	1,208 (+5%)	0mo	$129,900	$108	56
18101 Marx St	0.51mi	3/1.5	1,291 (+12%)	2mo	$37,500	$29	52
19662 Charest St	0.75mi	3/1.0	1,041 (-10%)	2mo	$69,000	$66	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 59.1%
• Equity multiple: 3.63×
• Total profit: $33,014
• Equity at exit: $6,695

10-year hold

• IRR: 63.9%
• Equity multiple: 7.43×
• Total profit: $80,873
• Equity at exit: $3,882

Cash invested: $12,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48203

• Home prices YoY: -23.3%
• Active inventory: 216
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,333 high
• Mortgage (P&I): −$235
• Tax from tax record: −$168 /mo · $2,013/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $631

Break-even live

Break-even rent $534

Max offer price $44,900

Occupancy floor 48%

Sensitivity live

Price	-10% $657	-5% $644	+0% $631	+5% $618	+10% $606
Rent	-10% $526	-5% $579	+0% $631	+5% $684	+10% $736
Rate	-1.0pp $654	-0.5pp $643	base $631	+0.5pp $620	+1.0pp $608

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18882 Marx St Highland Park, MI	2.0	1.0	1000	$1,300	$1.30	44d	1	0.16mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	25d	1	0.35mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	17d	1	0.36mi
18503 Riopelle St Highland Park, MI	3.0	1.0	1254	$1,250	$1.00	5d	1	0.42mi
18084 Goddard St Detroit, MI	2.0	1.5	790	$1,050	$1.33	17d	1	0.57mi
19995 Goddard St Detroit, MI	4.0	1.0	1292	$1,400	$1.08	22d	1	0.62mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	17d	1	0.64mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	15d	1	0.79mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	25d	1	0.83mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	17d	1	0.90mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.90mi
19703 Keating St Highland Park, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.91mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	25d	1	1.00mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	25d	1	1.01mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	44d	1	1.04mi
1301 E Muir Ave Hazel Park, MI	3.0	2.0	1236	$1,600	$1.29	22d	1	1.05mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	17d	1	1.12mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI	3.0	1.0	1033	$5,301	$5.13	2d	1	1.20mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	18d	1	1.22mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	25d	1	1.23mi
406 W Goldengate St Detroit, MI	2.0	1.0	1050	$1,100	$1.05	44d	1	1.24mi
404 W Golden Gate Highland Park, MI	2.0	1.0	1050	$1,100	$1.05	44d	1	1.24mi
1211 E Bernhard Ave Hazel Park, MI	2.0	1.0	721	$1,500	$2.08	25d	1	1.26mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	22d	1	1.32mi
242 Ferris St Highland Park, MI	3.0	1.0	1192	$1,275	$1.07	0d	1	1.34mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	18d	1	1.36mi
13929 Arlington St Unit 2 Hamtramck, MI	2.0	1.0	700	$950	$1.36	44d	1	1.36mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,364	$5.80	0d	1	1.37mi
407 E Hayes Ave Hazel Park, MI	3.0	1.0	1000	$1,750	$1.75	25d	1	1.38mi
574 W Golden Gate Highland Park, MI	3.0	1.0	1315	$1,300	$0.99	44d	1	1.39mi
429 E Milton Ave Hazel Park, MI	3.0	2.0	1075	$1,595	$1.48	0d	1	1.41mi
101 Stevens St Highland Park, MI	3.0	1.5	1152	$1,600	$1.39	18d	1	1.43mi
155 W George Ave Hazel Park, MI	2.0	1.0	725	$1,000	$1.38	25d	1	1.50mi

Listing history 20 events

1. 2026-05-18
   status Pending 1063-char remark

   Show marketing remark (1061 chars)

   Charming Brick Colonial – Great Investment or Starter Opportunity! Welcome to this beautiful brick colonial featuring 3 bedrooms and 1 full bath - an ideal opportunity for investors seeking strong rental potential or first-time homebuyers ready to build equity. This home blends timeless character with modern updates, featuring hardwood floors throughout and a more open, connected main level. The kitchen wall has been opened up to create an open-concept feel, allowing for better flow between the kitchen, living room, and formal dining area - perfect for everyday living and entertaining. Enjoy a spacious living room, formal dining room, and a kitchen with great potential to make your own. The full basement includes a separate utility and laundry area (storage area) and offers an open canvas to finish for additional living space. Conveniently located near freeways, restaurants, entertainment, schools, and parks, this home offers both comfort and accessibility. Don't miss your chance to add value and make this solid home your own!

2. 2026-05-18
   status Pending 1061-char remark

   Show marketing remark (1061 chars)

   Charming Brick Colonial – Great Investment or Starter Opportunity! Welcome to this beautiful brick colonial featuring 3 bedrooms and 1 full bath - an ideal opportunity for investors seeking strong rental potential or first-time homebuyers ready to build equity. This home blends timeless character with modern updates, featuring hardwood floors throughout and a more open, connected main level. The kitchen wall has been opened up to create an open-concept feel, allowing for better flow between the kitchen, living room, and formal dining area - perfect for everyday living and entertaining. Enjoy a spacious living room, formal dining room, and a kitchen with great potential to make your own. The full basement includes a separate utility and laundry area (storage area) and offers an open canvas to finish for additional living space. Conveniently located near freeways, restaurants, entertainment, schools, and parks, this home offers both comfort and accessibility. Don't miss your chance to add value and make this solid home your own!

3. 2026-04-29
   listed $44,900 Active 1063-char remark

   Show marketing remark (1061 chars)

   Charming Brick Colonial – Great Investment or Starter Opportunity! Welcome to this beautiful brick colonial featuring 3 bedrooms and 1 full bath - an ideal opportunity for investors seeking strong rental potential or first-time homebuyers ready to build equity. This home blends timeless character with modern updates, featuring hardwood floors throughout and a more open, connected main level. The kitchen wall has been opened up to create an open-concept feel, allowing for better flow between the kitchen, living room, and formal dining area - perfect for everyday living and entertaining. Enjoy a spacious living room, formal dining room, and a kitchen with great potential to make your own. The full basement includes a separate utility and laundry area (storage area) and offers an open canvas to finish for additional living space. Conveniently located near freeways, restaurants, entertainment, schools, and parks, this home offers both comfort and accessibility. Don't miss your chance to add value and make this solid home your own!

4. 2026-04-29
   listed $44,900 Active 1061-char remark

   Show marketing remark (1061 chars)

   Charming Brick Colonial – Great Investment or Starter Opportunity! Welcome to this beautiful brick colonial featuring 3 bedrooms and 1 full bath - an ideal opportunity for investors seeking strong rental potential or first-time homebuyers ready to build equity. This home blends timeless character with modern updates, featuring hardwood floors throughout and a more open, connected main level. The kitchen wall has been opened up to create an open-concept feel, allowing for better flow between the kitchen, living room, and formal dining area - perfect for everyday living and entertaining. Enjoy a spacious living room, formal dining room, and a kitchen with great potential to make your own. The full basement includes a separate utility and laundry area (storage area) and offers an open canvas to finish for additional living space. Conveniently located near freeways, restaurants, entertainment, schools, and parks, this home offers both comfort and accessibility. Don't miss your chance to add value and make this solid home your own!

5. 2022-12-01
   historical
6. 2007-07-06
   historical
7. 2007-02-09
   listed $19,950
8. 2007-02-05
   historical
9. 2006-12-14
   listed $38,900
10. 2006-12-14
    historical
11. 2006-10-17
    listed $38,900
12. 2006-10-13
    historical
13. 2006-05-22
    listed $45,900
14. 2006-05-19
    historical
15. 2005-12-19
    listed $105,900
16. 2005-01-24
    soldstatus $90,000
17. 2004-10-29
    soldstatus $90,000
18. 2004-05-10
    listed $90,000
19. 2000-02-18
    soldstatus $57,500
20. 1999-09-26
    listed $59,900

ⓘ 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: $2,013 · $168/mo
• Projected year-2 tax: $2,013 · $168/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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,996
• − Mortgage interest: −$2,515
• − Property taxes: −$2,013
• − Insurance: −$224
• − Repairs & maintenance: −$1,280
• − Management: −$1,280
• − Depreciation: −$1,306
• Taxable income: $7,378
• Est. tax owed @ 24.0%: −$1,771
• After-tax cash flow: $5,803/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): 20,049
• Household income: $38,404
• Rent vs Own: 48.7% rent · 51.3% own
• Severe rent burden: 1192.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -90.13%
• Current HPI: 297.0176
• 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

-32.4% since first listed

22 events — show timeline

• 2026-05-26 Sold (MLS) $40,500 REALCOMP
• 2026-05-26 Sold (MLS) $40,500 MiRealSource-MiMLS
• 2026-05-18 Pending — REALCOMP
• 2026-05-18 Pending — MiRealSource-MiMLS
• 2026-04-29 Listed $44,900 REALCOMP
• 2026-04-29 Listed $44,900 MiRealSource-MiMLS
• 2022-12-01 Rental Removed — RENT.
• 2007-07-06 Listing Removed — REALCOMP
• 2007-02-09 Listed $19,950 REALCOMP
• 2007-02-05 Listing Removed — REALCOMP
• 2006-12-14 Listing Removed — REALCOMP
• 2006-12-14 Listed $38,900 REALCOMP
• 2006-10-17 Listed $38,900 REALCOMP
• 2006-10-13 Listing Removed — REALCOMP
• 2006-05-22 Listed $45,900 REALCOMP
• 2006-05-19 Listing Removed — REALCOMP
• 2005-12-19 Listed $105,900 REALCOMP
• 2005-01-24 Sold (Public Records) $90,000 Public Records
• 2004-10-29 Sold (MLS) $90,000 REALCOMP
• 2004-05-10 Listed $90,000 REALCOMP
• 2000-02-18 Sold (MLS) $57,500 REALCOMP
• 1999-09-26 Listed $59,900 REALCOMP

Property tax history

+4.9%/yr

Latest (2025): $2,013 · +1.1% YoY. Source: county tax records.