15779 Birwood St · Detroit, MI 48238

$69,000

3 bd · 1.0 ba · 1,262 sqft · SingleFamily public records · 42 Days on market

Built 1941 4,356 sqft lot $55/sqft · 43% below area Est $122k · 43% 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
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

TENANT OCCUPIED - Solid brick 3-bedroom colonial on Detroit's established northwest side rental market. Functional floor plan with a ton of potential. Comparable renovated homes nearby have sold above $100K!Do not Disturb Tenant. Eviction in process creating an opportunity for investors to renovate, and reposition for sale or rent!

Key facts

• 4,356 sq ft lot
• Garage
• Built 1941

Property features AI

Exterior

• Parking: Detached garage (1 space)
• Utilities: Cable connected; High-speed internet available; Natural gas available
• Home design: Colonial-style single family residence; Built in 1941; Living area reported as 1,262
• Construction: Aluminum siding and brick exterior; Asphalt roof
• Exterior features: Paved road access; Lot approximately 0.1 acres

Interior

• Kitchen: Kitchen (8 x 10)
• Bedrooms: Primary bedroom (14 x 12); Bedroom 2 (10 x 10); Bedroom 3 (12 x 11)
• Bathrooms: 1 full bathroom (primary bathroom 9 x 8)
• Heating & cooling: Forced air heating
• Interior features: Replacement windows; Fireplace; 7 total rooms; Full basement
• Laundry & utility: Natural gas water heater

🏷️ Possibly a rental listed for sale. The $69,000 price doesn't fit this home's estimated sale value (~$121,768) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $67k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.0% 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 fast (+6.1%/yr); 346 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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 45% of the median local income ($33k/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 $477 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 + 6.1% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,930 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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 1941 — 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: 1.79% ✓
• Cap rate: 15.01%
• Cash-on-cash: 31.12%
• DSCR: 2.38
• GRM: 4.6

CMA / ARV

• ARV (median comp): $121,768
• List price: $69,000
• Delta: -43.33%
• 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
15771 Birwood St	0.01mi	3/1.5	1,290 (+2%)	0mo	$128,995	$100	93
14931 Monte Vista St	0.55mi	3/1.5	1,307 (+4%)	0mo	$35,000	$27	66
16516 Appoline St	0.47mi	3/1.0	1,350 (+7%)	1mo	$39,500	$29	65
16800 Ilene St	0.52mi	3/2.5	1,298 (+3%)	1mo	$210,000	$162	64
15053 Littlefield St	0.75mi	3/2.0	1,286 (+2%)	2mo	$75,000	$58	56
14974 Cheyenne St	0.73mi	3/2.5	1,300 (+3%)	4mo	$155,000	$119	52
15824 Snowden St	0.64mi	3/1.0	1,127 (-11%)	0mo	$61,000	$54	52
15824 Snowden St	0.64mi	3/1.0	1,127 (-11%)	0mo	$61,000	$54	52
16180 Snowden St	0.69mi	3/1.0	1,137 (-10%)	0mo	$61,000	$54	51
16246 Snowden St	0.72mi	3/1.5	1,153 (-9%)	3mo	$58,500	$51	48
15775 Hartwell St	0.72mi	3/1.0	1,123 (-11%)	3mo	$88,000	$78	46
14889 Manor St	0.61mi	4/2.5 (+1)	1,375 (+9%)	0mo	$159,000	$116	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 29.5%
• Equity multiple: 2.28×
• Total profit: $24,784
• Equity at exit: $10,288

10-year hold

• IRR: 38.6%
• Equity multiple: 5.16×
• Total profit: $80,405
• Equity at exit: $5,966

Cash invested: $19,320 (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 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 346
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,238 high
• Mortgage (P&I): −$362
• Tax est. 1.5%: −$86 /mo · $1,035/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $501

Break-even live

Break-even rent $604

Max offer price $69,000

Occupancy floor 55%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	5d	1	0.06mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	0.10mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	5d	1	0.10mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	44d	1	0.15mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	44d	1	0.17mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	5d	1	0.37mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	44d	1	0.38mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	44d	1	0.45mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	18d	1	0.46mi
15791 Cherrylawn St Detroit, MI	2.0	1.0	1792	$1,100	$0.61	44d	1	0.47mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	44d	1	0.48mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	24d	1	0.55mi
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	44d	1	0.56mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	24d	1	0.59mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	17d	1	0.62mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	44d	1	0.64mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	20d	1	0.66mi
15088 Littlefield St Detroit, MI	2.0	1.0	1294	$1,275	$0.99	22d	1	0.71mi
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	17d	1	0.77mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	44d	1	0.78mi
15517 Lesure St Unit BDRM1A Detroit, MI	2.0	1.0	1000	$850	$0.85	24d	1	0.91mi
17159 Northlawn St Unit 17161 Detroit, MI	2.0	1.0	1122	$975	$0.87	5d	1	0.91mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	44d	1	0.92mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	44d	1	0.93mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	17d	1	0.93mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	13d	1	0.93mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.93mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	17d	1	0.94mi
17195 Northlawn St #2 Detroit, MI	2.0	1.0	1200	$1,050	$0.88	24d	1	0.94mi
17195 Northlawn St #1 Detroit, MI	2.0	1.0	1200	$1,100	$0.92	20d	1	0.94mi
17540 Pinehurst St Detroit, MI	3.0	1.0	1200	$1,395	$1.16	44d	1	0.98mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	4d	1	0.99mi
16722 Tuller St Detroit, MI	3.0	1.5	1100	$1,500	$1.36	17d	1	1.01mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	17d	1	1.01mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	11d	1	1.03mi
16505 Stansbury St Detroit, MI	3.0	1.0	1700	$1,345	$0.79	44d	1	1.03mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	44d	1	1.10mi
17530 Roselawn St Unit 1 Detroit, MI	3.0	2.0	1600	$2,000	$1.25	24d	1	1.15mi
17368 Woodingham Dr Detroit, MI	3.0	1.5	1200	$1,800	$1.50	44d	1	1.15mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	17d	1	1.15mi

Listing history 37 events

1. 2026-06-18
   days on market $69,000 Active 42 DOM
2. 2026-06-17
   days on market $69,000 Active 41 DOM
3. 2026-06-15
   days on market $69,000 Active 39 DOM
4. 2026-06-13
   days on market $69,000 Active 37 DOM
5. 2026-06-13
   days on market $69,000 Active 36 DOM
6. 2026-06-09
   days on market $69,000 Active 33 DOM
7. 2026-06-08
   days on market $69,000 Active 32 DOM
8. 2026-06-07
   days on market $69,000 Active 31 DOM
9. 2026-06-04
   days on market $69,000 Active 28 DOM
10. 2026-06-03
    days on market $69,000 Active 27 DOM
11. 2026-06-02
    days on market $69,000 Active 26 DOM
12. 2026-06-01
    days on market $69,000 Active 25 DOM
13. 2026-05-31
    days on market $69,000 Active 24 DOM
14. 2026-05-07
    listed $69,000 Active 333-char remark

    Show marketing remark (333 chars)

    TENANT OCCUPIED - Solid brick 3-bedroom colonial on Detroit's established northwest side rental market. Functional floor plan with a ton of potential. Comparable renovated homes nearby have sold above $100K!Do not Disturb Tenant. Eviction in process creating an opportunity for investors to renovate, and reposition for sale or rent!

15. 2026-05-07
    listed $69,000 Active 339-char remark

    Show marketing remark (333 chars)

    TENANT OCCUPIED - Solid brick 3-bedroom colonial on Detroit's established northwest side rental market. Functional floor plan with a ton of potential. Comparable renovated homes nearby have sold above $100K!Do not Disturb Tenant. Eviction in process creating an opportunity for investors to renovate, and reposition for sale or rent!

16. 2026-05-07
    listed $69,000 Active

    Show marketing remark (333 chars)

    TENANT OCCUPIED - Solid brick 3-bedroom colonial on Detroit's established northwest side rental market. Functional floor plan with a ton of potential. Comparable renovated homes nearby have sold above $100K!Do not Disturb Tenant. Eviction in process creating an opportunity for investors to renovate, and reposition for sale or rent!

17. 2022-01-13
    soldstatus $111,000
18. 2009-04-03
    soldstatus $8,900
19. 2008-08-22
    listed $8,900
20. 2008-08-20
    historical
21. 2008-05-19
    listed $12,000
22. 2008-05-14
    historical
23. 2007-11-16
    listed $19,900
24. 2007-10-31
    historical
25. 2007-05-10
    listed $89,900
26. 2007-05-04
    historical
27. 2007-01-18
    listed $89,900
28. 2003-07-01
    soldstatus $76,220
29. 2003-07-01
    soldstatus $76,220
30. 2003-05-30
    historical
31. 2003-05-06
    listed $71,900
32. 2003-05-06
    listed $71,900
33. 2002-10-16
    historical
34. 2002-09-21
    listed $98,000
35. 2000-08-02
    historical
36. 2000-02-04
    listed $85,000
37. 1994-09-09
    soldstatus $35,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,854
• − Mortgage interest: −$3,865
• − Property taxes: −$1,035
• − Insurance: −$345
• − Repairs & maintenance: −$1,188
• − Management: −$1,188
• − Depreciation: −$2,007
• Taxable income: $5,225
• Est. tax owed @ 24.0%: −$1,254
• After-tax cash flow: $4,759/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (94%)
• Race & ethnicity: Black 94% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

+97.1% since first listed

24 events — show timeline

• 2026-05-07 Listed $69,000 REALCOMP
• 2026-05-07 Listed $69,000 SW Michigan MLS
• 2026-05-07 Listed $69,000 MiRealSource-MiMLS
• 2022-01-13 Sold (Public Records) $111,000 Public Records
• 2009-04-03 Sold (MLS) $8,900 REALCOMP
• 2008-08-22 Listed $8,900 REALCOMP
• 2008-08-20 Listing Removed — REALCOMP
• 2008-05-19 Listed $12,000 REALCOMP
• 2008-05-14 Listing Removed — REALCOMP
• 2007-11-16 Listed $19,900 REALCOMP
• 2007-10-31 Listing Removed — REALCOMP
• 2007-05-10 Listed $89,900 REALCOMP
• 2007-05-04 Listing Removed — REALCOMP
• 2007-01-18 Listed $89,900 REALCOMP
• 2003-07-01 Sold (MLS) $76,220 MiRealSource-MiMLS
• 2003-07-01 Sold (MLS) $76,220 REALCOMP
• 2003-05-30 Listing Removed — MiRealSource-MiMLS
• 2003-05-06 Listed $71,900 MiRealSource-MiMLS
• 2003-05-06 Listed $71,900 REALCOMP
• 2002-10-16 Listing Removed — REALCOMP
• 2002-09-21 Listed $98,000 REALCOMP
• 2000-08-02 Listing Removed — REALCOMP
• 2000-02-04 Listed $85,000 REALCOMP
• 1994-09-09 Sold (Public Records) $35,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $4,109 · +44.6% YoY. Source: county tax records.