11658 Ashton Ave · 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 98°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
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
- DSCR +10.0/10.0
- 1% rule +9.9/10.0
- ARV discount +7.3/15.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Rent growth +1.9/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$89,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
Key facts
- Fully renovated
- Recent updates
- Full basement
Tags
Property features AI
Exterior
- Parking: No garage
- Utilities: Public water; Sewer available
- Home design: Single-family residence; One and one-half stories; Ground-level entry
- Construction: Brick construction
- Exterior features: Paved road access; Lot approximately 0.12 acres (40 x 125)
Interior
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating (natural gas); No cooling
- Interior features: 3 total rooms; Unfinished basement
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $89k.
Deal economics
- At list price, monthly cash flow is $471 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $89k).
- Recommended offer: $86k (3.0% below list) — sets the bar for market timing.
- Cap rate 12.6% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
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 soft (-2.3%/yr); 363 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).
- At $1,330/mo this rent would consume 52% of the median local household income ($31k/yr) (locally 4144% 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 $615 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.
- At projected returns (-3.0% appreciation + 0.0% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 56 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
- 10 sale attempts since 21y 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 1948 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 1.49% ✓
- Cap rate
- 12.65%
- Cash-on-cash
- 22.70%
- DSCR
- 2.01
- GRM
- 5.6
CMA / ARV
- ARV (on-the-fly)
- $88,560
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 11658 Ashton Ave | 0.00mi | 3/1.0 | 1,080 (0%) | 0mo | $89,000 | $82 | 100 |
| 11375 Grandmont Ave | 0.43mi | 3/1.0 | 1,083 (+0%) | 0mo | $104,000 | $96 | 79 |
| 9909 Asbury Park | 0.65mi | 3/1.0 | 1,095 (+1%) | 1mo | $95,000 | $87 | 67 |
| 12699 Woodmont Ave | 0.72mi | 3/1.0 | 1,054 (-2%) | 1mo | $64,000 | $61 | 62 |
| 11646 Glastonbury Ave | 0.31mi | 3/2.0 | 1,189 (+10%) | 4mo | $50,000 | $42 | 61 |
| 9934 Warwick St | 0.61mi | 3/1.0 | 1,018 (-6%) | 2mo | $70,000 | $69 | 60 |
| 9976 Warwick St | 0.59mi | 3/1.5 | 1,024 (-5%) | 4mo | $129,900 | $127 | 59 |
| 12660 Grandmont Ave | 0.67mi | 3/1.0 | 1,019 (-6%) | 1mo | $85,000 | $83 | 58 |
| 9608 Piedmont St | 0.72mi | 3/1.0 | 1,048 (-3%) | 4mo | $74,900 | $71 | 58 |
| 9660 Abington Ave | 0.55mi | 3/1.0 | 1,188 (+10%) | 1mo | $59,000 | $50 | 57 |
| 11713 Asbury Park | 0.53mi | 3/1.5 | 1,220 (+13%) | 4mo | $70,000 | $57 | 48 |
| 12124 Asbury Park | 0.59mi | 3/1.5 | 919 (-15%) | 2mo | $130,000 | $141 | 44 |
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 · 0.0% rent growth · sell at horizon
- IRR
- 12.2%
- Equity multiple
- 1.47×
- Total profit
- $11,702
- Equity at exit
- $13,270
- IRR
- 18.8%
- Equity multiple
- 2.36×
- Total profit
- $33,778
- Equity at exit
- $7,695
Cash invested: $24,920 (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 48228
- Rents YoY
- -2.3%
- Active inventory
- 363
- Price-to-rent
- 5.6×
Monthly cashflow live
- Estimated rent
- $1,330 high interval (Pro) →
- Mortgage (P&I)
- −$467
- Tax from tax record
- −$76 /mo · $907/yr
- Insurance
- −$37
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$279
- Net cashflow
- $471
Break-even live
Sensitivity live
| Price | -10% $522 | -5% $497 | +0% $471 | +5% $446 | +10% $421 |
|---|---|---|---|---|---|
| Rent | -10% $366 | -5% $419 | +0% $471 | +5% $524 | +10% $576 |
| Rate | -1.0pp $516 | -0.5pp $494 | base $471 | +0.5pp $448 | +1.0pp $425 |
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
- $22,250
- Closing costs
- $2,670
- 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 |
|---|---|---|---|---|---|---|---|---|
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 17d | 1 | 0.17mi |
| 11704 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1046 | $1,300 | $1.24 | 25d | 1 | 0.25mi |
| 10030 Abington Ave Detroit, MI | 4.0 | 2.0 | 1350 | $1,475 | $1.09 | 11d | 1 | 0.45mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 2d | 15 | 0.57mi |
| 12711 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 0.71mi |
| 11641 Mansfield St Unit 2 Detroit, MI | 3.0 | 1.0 | 1449 | $1,300 | $0.90 | 44d | 1 | 0.72mi |
| 12875 Faust Ave Detroit, MI | 2.0 | 1.0 | 735 | $1,200 | $1.63 | 5d | 1 | 0.73mi |
| 12944 Rosemont Ave Detroit, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 5d | 1 | 0.77mi |
| 12941 Penrod St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.78mi |
| 12840 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 44d | 1 | 0.80mi |
| 9108 Archdale St Detroit, MI | 3.0 | 1.0 | 1000 | $1,300 | $1.30 | 5d | 1 | 0.83mi |
| 12950 Glastonbury Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 25d | 1 | 0.83mi |
| 9589 Mansfield St Detroit, MI | 4.0 | 1.0 | 1250 | $1,500 | $1.20 | 5d | 1 | 0.86mi |
| 13581 Penrod St Detroit, MI | 4.0 | 1.0 | 1152 | $1,200 | $1.04 | 44d | 1 | 0.88mi |
| 13514 Stahelin Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 0.88mi |
| 13600 Southfield Fwy Detroit, MI | 2.0 | 1.0 | 848 | $1,100 | $1.30 | 5d | 1 | 0.89mi |
| 13591 Faust Ave Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.90mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 18d | 1 | 0.91mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 22d | 1 | 0.91mi |
| 9090 Stahelin Ave Detroit, MI | 2.0 | 1.0 | 787 | $1,250 | $1.59 | 44d | 1 | 0.91mi |
| 19449 W Chicago St Detroit, MI | 3.0 | 1.5 | 950 | $1,500 | $1.58 | 44d | 1 | 0.93mi |
| 12121 Montrose St Detroit, MI | 3.0 | 1.0 | 874 | $1,373 | $1.57 | 22d | 1 | 0.93mi |
| 19050 W Davison St Detroit, MI | 3.0 | 1.0 | 1118 | $1,400 | $1.25 | 44d | 1 | 0.94mi |
| 9345 Rutherford St Unit 3 Detroit, MI | 2.0 | 1.0 | 850 | $1,050 | $1.24 | 25d | 1 | 0.98mi |
| 8850 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 933 | $1,100 | $1.18 | 18d | 1 | 0.99mi |
| 9936 Montrose St Detroit, MI | 3.0 | 1.0 | 963 | $1,200 | $1.25 | 17d | 1 | 1.00mi |
| 12084 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 1.00mi |
| 9973 Winthrop St Detroit, MI | 3.0 | 1.0 | 960 | $1,400 | $1.46 | 44d | 1 | 1.02mi |
| 9220 Mansfield St Detroit, MI | 3.0 | 1.0 | 1200 | $1,300 | $1.08 | 44d | 1 | 1.02mi |
| 11345 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 700 | $1,050 | $1.50 | 13d | 1 | 1.04mi |
| 11393 Prest St Detroit, MI | 3.0 | 1.0 | 900 | $1,550 | $1.72 | 17d | 1 | 1.10mi |
| 9222 Forrer St Detroit, MI | 3.0 | 1.0 | 947 | $1,450 | $1.53 | 17d | 1 | 1.14mi |
| 11397 Whitcomb St Detroit, MI | 3.0 | 1.0 | 1070 | $1,400 | $1.31 | 17d | 1 | 1.15mi |
| 11652 Fielding St Detroit, MI | 3.0 | 1.0 | 1000 | $1,386 | $1.39 | 44d | 1 | 1.18mi |
| 11634 Sussex St Detroit, MI | 3.0 | 1.0 | 1091 | $1,326 | $1.22 | 25d | 1 | 1.23mi |
| 8451 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 867 | $1,150 | $1.33 | 44d | 1 | 1.24mi |
| 19301 Joy Rd Apt 1 Detroit, MI | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 44d | 1 | 1.24mi |
| 9917 Sussex St Detroit, MI | 2.0 | 1.0 | 800 | $1,375 | $1.72 | 44d | 1 | 1.25mi |
| 13500 Heyden St Detroit, MI | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 44d | 1 | 1.30mi |
| 9546 Sussex St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 44d | 1 | 1.33mi |
Listing history 24 events
-
2026-06-13statusdays on market $89,000 Pending 56 DOM
-
2026-06-09days on market $89,000 Active Under Contract 55 DOM
-
2026-06-08days on market $89,000 Active Under Contract 54 DOM
-
2026-06-07statusdays on market $89,000 Active Under Contract 53 DOM
-
2026-04-22historical Accepting Backup Offers 785-char remark
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2026-04-22historical Active Under Contract
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2026-04-13status Active 785-char remark
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2026-04-13status Active
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2026-04-06status Pending 785-char remark
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2026-04-06status Pending
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2026-03-30$89,000 Active
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2026-03-30$89,000 Active 785-char remark
Show marketing remark (785 chars)
Turnkey Brick Bungalow – Strong Rental Opportunity Fully renovated 3-bedroom, 1-bath brick bungalow located in a high-demand rental area of Detroit's west side. This property offers immediate cash flow potential with solid rental comps in the area, making it a perfect addition to any investor's portfolio. The home features recent updates throughout, minimizing upfront costs and allowing for quick tenant placement. Classic bungalow layout with a spacious upper bedroom, full basement, and durable brick exterior for low maintenance. Conveniently located near major roads, schools, and shopping, this property attracts long-term tenants and consistent demand. Whether you're looking for a reliable rental or a low-maintenance investment, this one checks the boxes.
-
2007-12-31historical
-
2007-12-31historical
-
2007-01-25$49,900
-
2007-01-25$49,900
-
2006-12-31historical
-
2006-12-31historical
-
2006-05-08$104,900
-
2006-05-08$104,900
-
2006-04-28historical
-
2006-04-28historical
-
2005-10-28$104,900
-
2005-10-28$104,900
ⓘ 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
- $907 · $76/mo
- Projected year-2 tax
- $1,139 · $95/mo
- Expected delta
- +$232/yr (+$19/mo · 25.5%)
ⓘ 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 ≥98°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $15,962
- − Mortgage interest
- −$4,985
- − Property taxes
- −$907
- − Insurance
- −$445
- − Repairs & maintenance
- −$1,277
- − Management
- −$1,277
- − Depreciation
- −$2,589
- Taxable income
- $4,481
- Est. tax owed @ 24.0%
- −$1,075
- After-tax cash flow
- $4,581/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)
- 50,117
- Household income
- $30,680
- Rent vs Own
- Severe rent burden
- 4144.0
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 (71%)
- Race & ethnicity
- Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 2%
- Common ancestry
- Arab 2% Romanian 2% Lithuanian 1%
- Foreign-born
- 11% · Canada
- Languages at home
- 82% English-only · Arabic 11% Spanish 5%
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
- ▼ -160.81%
- Current HPI
- 168.6843
- Rent YoY
- ▼ -2.30%
- 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
-15.2% since first listed20 events — show timeline
- 2026-04-22 Contingent — MiRealSource-MiMLS
- 2026-04-22 Contingent — REALCOMP
- 2026-04-13 Relisted — MiRealSource-MiMLS
- 2026-04-13 Relisted — REALCOMP
- 2026-04-06 Pending — MiRealSource-MiMLS
- 2026-04-06 Pending — REALCOMP
- 2026-03-30 Listed $89,000 REALCOMP
- 2026-03-30 Listed $89,000 MiRealSource-MiMLS
- 2007-12-31 Listing Removed — REALCOMP
- 2007-12-31 Listing Removed — MiRealSource-MiMLS
- 2007-01-25 Listed $49,900 REALCOMP
- 2007-01-25 Listed $49,900 MiRealSource-MiMLS
- 2006-12-31 Listing Removed — MiRealSource-MiMLS
- 2006-12-31 Listing Removed — REALCOMP
- 2006-05-08 Listed $104,900 MiRealSource-MiMLS
- 2006-05-08 Listed $104,900 REALCOMP
- 2006-04-28 Listing Removed — REALCOMP
- 2006-04-28 Listing Removed — MiRealSource-MiMLS
- 2005-10-28 Listed $104,900 REALCOMP
- 2005-10-28 Listed $104,900 MiRealSource-MiMLS
Property tax history
-6.1%/yrLatest (2025): $907 · -41.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…