14364 Rutland St · Detroit, MI 48227

$89,000

3 bd · 1.0 ba · 1,384 sqft · SingleFamily public records · 171 Days on market

Built 1926 9,148 sqft lot $64/sqft · 48% below area Est $173k · 48% 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 +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

Key facts

• Open floor plan
• Newer roof
• Cascading windows

Tags

• ORIGINAL ARCHED ENTRY DOOR
• CASCADING WINDOWS
• OPEN FLOOR PLAN
• MODERN LIGHTING
• NEWER ROOF
• NEWER WINDOWS

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 $355 ($4k/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: $78k (12.0% below list) — sets the bar for market timing.

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: 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.
• Zoned schools: Edison Elementary School (math 10% / reading 10%, grade F, #1,230 of 1,397 statewide, top 91%, 309 students, 89% FRL); Cody High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 466 students, 88% FRL) — zoned schools at 88% FRL track the district average.
• Market conditions: Rents rising fast (+5.6%/yr); 392 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 44% of the median local income ($37k/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 $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 + 5.6% rent growth), your $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 18 sale attempts since 17y ago; this cycle's ask has dropped $63k (41%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.50% ✓
• Cap rate: 11.07%
• Cash-on-cash: 17.07%
• DSCR: 1.76
• GRM: 5.5

CMA / ARV

• ARV (median comp): $172,711
• List price: $89,000
• Delta: -48.47%
• 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
14837 Ashton Rd	0.43mi	3/1.5	1,386 (+0%)	2mo	$200,000	$144	76
14000 Rutland St	0.29mi	3/1.5	1,461 (+6%)	1mo	$95,000	$65	74
14736 Mansfield St	0.54mi	3/1.0	1,318 (-5%)	0mo	$62,000	$47	67
14704 Mansfield St	0.52mi	3/1.5	1,409 (+2%)	5mo	$60,000	$43	66
14192 Mansfield St	0.47mi	3/1.5	1,470 (+6%)	5mo	$89,900	$61	62
13618 Grandmont Ave	0.46mi	3/1.0	1,267 (-8%)	3mo	$90,500	$71	61
13566 Longacre St	0.50mi	3/1.0	1,510 (+9%)	2mo	$100,000	$66	60
15974 Ellsworth St	0.71mi	3/2.0	1,350 (-2%)	6mo	$41,000	$30	54
15092 Faust Ave	0.69mi	3/2.0	1,310 (-5%)	1mo	$127,500	$97	54
13995 Montrose St	0.71mi	3/1.5	1,468 (+6%)	4mo	$116,600	$79	51
14018 Prevost St	0.62mi	3/2.0	1,532 (+11%)	5mo	$75,000	$49	45
14579 Stahelin Ave	0.70mi	3/1.5	1,524 (+10%)	5mo	$162,000	$106	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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.47×
• Total profit: $11,810
• Equity at exit: $13,270

10-year hold

• IRR: 22.7%
• Equity multiple: 3.21×
• Total profit: $55,146
• 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

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

Methodology + full state rankings →

ZIP-level market 48227

• Rents YoY: 5.6%
• Active inventory: 392
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,339 high
• Mortgage (P&I): −$467
• Tax from tax record: −$199 /mo · $2,391/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $355

Break-even live

Break-even rent $890

Max offer price $89,000

Occupancy floor 69%

Sensitivity live

Price	-10% $405	-5% $380	+0% $355	+5% $329	+10% $304
Rent	-10% $249	-5% $302	+0% $355	+5% $407	+10% $460
Rate	-1.0pp $399	-0.5pp $377	base $355	+0.5pp $331	+1.0pp $308

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: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14510 Asbury Park Detroit, MI	2.0	1.0	1771	$1,250	$0.71	45d	1	0.28mi
14535 Mettetal St Unit 1 Detroit, MI	2.0	1.0	965	$1,000	$1.04	45d	1	0.31mi
14716 Archdale St Detroit, MI	2.0	1.0	900	$1,100	$1.22	45d	1	0.34mi
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	45d	1	0.38mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	7d	1	0.42mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	14d	1	0.42mi
14800 Woodmont Ave Detroit, MI	3.0	2.0	1612	$1,525	$0.95	17d	1	0.44mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	45d	1	0.56mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	45d	1	0.56mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	45d	1	0.57mi
14580 Forrer St Unit Unit Detroit, MI	2.0	1.0	1300	$900	$0.69	22d	1	0.63mi
14615 Winthrop St Detroit, MI	2.0	1.0	1217	$1,300	$1.07	18d	1	0.67mi
13581 Penrod St Detroit, MI	4.0	1.0	1152	$1,200	$1.04	45d	1	0.67mi
13591 Faust Ave Detroit, MI	2.0	1.0	1000	$1,275	$1.27	45d	1	0.71mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	45d	1	0.72mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	18d	1	0.72mi
12941 Penrod St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	45d	1	0.75mi
12711 Grandmont Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	20d	1	0.81mi
12950 Glastonbury Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	26d	1	0.85mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	18d	1	0.85mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	17d	1	0.86mi
13514 Stahelin Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	20d	1	0.87mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	18d	1	0.87mi
19050 W Davison St Detroit, MI	3.0	1.0	1118	$1,400	$1.25	45d	1	0.98mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	45d	1	0.99mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	7d	1	1.00mi
19431 Lyndon St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	45d	1	1.02mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	7d	1	1.02mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	45d	1	1.02mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	45d	1	1.09mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	26d	1	1.10mi
13279 Coyle St Detroit, MI	3.0	1.0	1444	$1,373	$0.95	45d	1	1.12mi
14258 Plainview Ave Detroit, MI	3.0	1.0	918	$1,200	$1.31	45d	1	1.16mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	26d	1	1.18mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	26d	1	1.18mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	14d	1	1.18mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	20d	1	1.19mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	5d	1	1.19mi
15468 Sussex St #2 Detroit, MI	2.0	1.0	900	$1,250	$1.39	45d	1	1.22mi
14118 Evergreen Rd Unit 14120 Detroit, MI	2.0	1.0	1580	$996	$0.63	26d	1	1.24mi

Listing history 50 events

1. 2026-06-21
   days on market $89,000 Active 171 DOM
2. 2026-06-19
   status $89,000 Active 168 DOM
3. 2026-05-18
   status Pending 530-char remark

   Show marketing remark (530 chars)

   Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

4. 2026-05-18
   status Pending 530-char remark

   Show marketing remark (530 chars)

   Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

5. 2026-05-05
   price $89,000 530-char remark

   Show marketing remark (530 chars)

   Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

6. 2026-05-04
   status Active 530-char remark

   Show marketing remark (530 chars)

   Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

7. 2026-05-04
   status Active 530-char remark

   Show marketing remark (530 chars)

   Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

8. 2026-05-04
   price $89,000 530-char remark

   Show marketing remark (530 chars)

   Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

9. 2026-03-12
   status Pending 530-char remark

   Show marketing remark (530 chars)

   Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

10. 2026-03-12
    status Pending 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

11. 2026-01-12
    price $139,900 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

12. 2026-01-12
    status Active 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

13. 2026-01-12
    status Active 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

14. 2026-01-12
    price $139,900 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

15. 2025-12-15
    status Pending 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

16. 2025-12-15
    status Pending 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

17. 2025-10-27
    price $148,900 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

18. 2025-10-26
    price $148,900 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

19. 2025-09-11
    listed $152,000 Active 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

20. 2025-09-11
    listed $152,000 Active 530-char remark

    Show marketing remark (530 chars)

    Located in the heart of the sought after community of Grandmont is this SPACIOUS 3 bedroom /1 1/2 bathroom home with fireplace and basement. You cannot help but appreciate the original arched entry door, handrails and cascading windows up the stairs. This homes has been recently updated with an open floor plan, modern lighting, a newer roof and windows and beautiful accent tile in the full bathroom. There is an expansive living room for entertaining and a large dining room. Be the envy of your friends and Book a showing now!

21. 2024-02-08
    historical
22. 2024-02-08
    status Active
23. 2024-01-24
    historical
24. 2024-01-02
    status Accepting Backup Offers
25. 2024-01-02
    status Accepting Backup Offers
26. 2023-12-26
    historical Accepting Backup Offers
27. 2023-12-26
    historical Accepting Backup Offers
28. 2023-12-26
    historical
29. 2023-12-26
    historical
30. 2023-09-26
    price $160,000
31. 2023-09-25
    price $160,000
32. 2023-07-24
    listed $185,000 Active
33. 2023-07-24
    listed $185,000 Active
34. 2020-01-21
    soldstatus $160,000
35. 2019-06-14
    soldstatus $51,000
36. 2019-06-07
    soldstatus $51,000 Sold
37. 2019-06-07
    soldstatus $51,000 Closed
38. 2019-05-16
    status Pending
39. 2019-05-16
    status Pending
40. 2019-05-15
    price $59,450
41. 2019-05-14
    price $59,450
42. 2019-04-18
    listed $59,750 Active
43. 2019-04-18
    listed $59,750 Active
44. 2018-12-28
    historical
45. 2018-12-28
    historical
46. 2018-11-16
    listed $49,997 Active
47. 2018-11-16
    listed $49,997 Active
48. 2013-02-05
    soldstatus $35,000
49. 2011-07-28
    historical
50. 2011-07-28
    historical

ⓘ 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: $2,391 · $199/mo
• Projected year-2 tax: $2,391 · $199/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 ≥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

Taxation est. · year 1

• Rental income: $16,065
• − Mortgage interest: −$4,985
• − Property taxes: −$2,391
• − Insurance: −$445
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − Depreciation: −$2,589
• Taxable income: $3,083
• Est. tax owed @ 24.0%: −$740
• After-tax cash flow: $3,514/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

+154.3% since first listed

52 events — show timeline

• 2026-05-18 Pending — MiRealSource-MiMLS
• 2026-05-18 Pending — REALCOMP
• 2026-05-05 Price Changed $89,000 MiRealSource-MiMLS
• 2026-05-04 Relisted — MiRealSource-MiMLS
• 2026-05-04 Relisted — REALCOMP
• 2026-05-04 Price Changed $89,000 REALCOMP
• 2026-03-12 Pending — MiRealSource-MiMLS
• 2026-03-12 Pending — REALCOMP
• 2026-01-12 Price Changed $139,900 MiRealSource-MiMLS
• 2026-01-12 Relisted — MiRealSource-MiMLS
• 2026-01-12 Relisted — REALCOMP
• 2026-01-12 Price Changed $139,900 REALCOMP
• 2025-12-15 Pending — MiRealSource-MiMLS
• 2025-12-15 Pending — REALCOMP
• 2025-10-27 Price Changed $148,900 MiRealSource-MiMLS
• 2025-10-26 Price Changed $148,900 REALCOMP
• 2025-09-11 Listed $152,000 REALCOMP
• 2025-09-11 Listed $152,000 MiRealSource-MiMLS
• 2024-02-08 Listing Removed — MiRealSource-MiMLS
• 2024-02-08 Relisted — REALCOMP
• 2024-01-24 Listing Removed — REALCOMP
• 2024-01-02 Relisted — MiRealSource-MiMLS
• 2024-01-02 Relisted — REALCOMP
• 2023-12-26 Contingent — MiRealSource-MiMLS
• 2023-12-26 Contingent — REALCOMP
• 2023-12-26 Listing Removed — MiRealSource-MiMLS
• 2023-12-26 Listing Removed — REALCOMP
• 2023-09-26 Price Changed $160,000 MiRealSource-MiMLS
• 2023-09-25 Price Changed $160,000 REALCOMP
• 2023-07-24 Listed $185,000 MiRealSource-MiMLS
• 2023-07-24 Listed $185,000 REALCOMP
• 2020-01-21 Sold (Public Records) $160,000 Public Records
• 2019-06-14 Sold (Public Records) $51,000 Public Records
• 2019-06-07 Sold (MLS) $51,000 MiRealSource-MiMLS
• 2019-06-07 Sold (MLS) $51,000 REALCOMP
• 2019-05-16 Pending — MiRealSource-MiMLS
• 2019-05-16 Pending — REALCOMP
• 2019-05-15 Price Changed $59,450 MiRealSource-MiMLS
• 2019-05-14 Price Changed $59,450 REALCOMP
• 2019-04-18 Listed $59,750 MiRealSource-MiMLS
• 2019-04-18 Listed $59,750 REALCOMP
• 2018-12-28 Listing Removed — REALCOMP
• 2018-12-28 Listing Removed — MiRealSource-MiMLS
• 2018-11-16 Listed $49,997 MiRealSource-MiMLS
• 2018-11-16 Listed $49,997 REALCOMP
• 2013-02-05 Sold (Public Records) $35,000 Public Records
• 2011-07-28 Listing Removed — MiRealSource-MiMLS
• 2011-07-28 Listing Removed — REALCOMP
• 2010-11-10 Listed $14,900 MiRealSource-MiMLS
• 2010-11-10 Listed $14,900 REALCOMP
• 2010-04-01 Listing Removed — REALCOMP
• 2009-10-01 Listed $35,000 REALCOMP

Property tax history

+2.1%/yr

Latest (2025): $2,391 · -10.3% YoY. Source: county tax records.