13539 Woodmont 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 +29.5/30.0
- DSCR +10.0/10.0
- ARV discount +8.8/15.0
- 1% rule +7.9/10.0
- 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
$103,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Don't miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage - perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
Key facts
- 5,227 sq ft lot
- 2 garage spots
- Built 1941
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $103k.
Deal economics
- At list price, monthly cash flow is $369 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $103k).
- Recommended offer: $91k (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: 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 (+5.6%/yr); 391 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $712 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 $29k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 259 days — a 12% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
- 12 sale attempts since 22y 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.
Questions for the listing agent
- It's been on market 259 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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
- 1.29% ✓
- Cap rate
- 10.60%
- Cash-on-cash
- 15.37%
- DSCR
- 1.68
- GRM
- 6.4
CMA / ARV
- ARV (median comp)
- $106,183
- List price
- $103,000
- Delta
- -3.00%
- 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 |
|---|---|---|---|---|---|---|---|
| 12699 Woodmont Ave | 0.27mi | 3/1.0 | 1,054 (-5%) | 1mo | $64,000 | $61 | 79 |
| 12660 Grandmont Ave | 0.31mi | 3/1.0 | 1,019 (-8%) | 1mo | $85,000 | $83 | 71 |
| 13620 Saint Marys St | 0.23mi | 3/2.0 | 1,020 (-8%) | 2mo | $72,000 | $71 | 71 |
| 13599 Winthrop St | 0.50mi | 3/1.5 | 1,089 (-2%) | 2mo | $145,000 | $133 | 71 |
| 13618 Grandmont Ave | 0.08mi | 3/1.0 | 1,267 (+15%) | 3mo | $90,500 | $71 | 69 |
| 13523 Faust Ave | 0.68mi | 3/1.0 | 1,098 (-1%) | 2mo | $55,000 | $50 | 66 |
| 13556 Forrer St | 0.40mi | 3/1.0 | 1,035 (-6%) | 7mo | $149,000 | $144 | 65 |
| 13215 Prest St | 0.62mi | 3/1.0 | 1,160 (+5%) | 0mo | $100,000 | $86 | 62 |
| 12122 Mettetal St | 0.63mi | 3/1.0 | 1,092 (-1%) | 8mo | $48,000 | $44 | 62 |
| 13538 Penrod St | 0.59mi | 3/1.0 | 1,026 (-7%) | 3mo | $95,000 | $93 | 58 |
| 12094 Asbury Park | 0.64mi | 3/1.0 | 1,156 (+4%) | 6mo | $61,000 | $53 | 57 |
| 13564 Faust Ave | 0.65mi | 2/1.0 (-1) | 951 (-14%) | 5mo | $60,000 | $63 | 37 |
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
- IRR
- 8.9%
- Equity multiple
- 1.36×
- Total profit
- $10,394
- Equity at exit
- $15,358
- IRR
- 20.1%
- Equity multiple
- 2.90×
- Total profit
- $54,747
- Equity at exit
- $8,906
Cash invested: $28,840 (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 48227
- Rents YoY
- 5.6%
- Active inventory
- 391
- Price-to-rent
- 6.4×
Monthly cashflow live
- Estimated rent
- $1,331 high interval (Pro) →
- Mortgage (P&I)
- −$540
- Tax from tax record
- −$99 /mo · $1,189/yr
- Insurance
- −$43
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$280
- Net cashflow
- $369
Break-even live
Sensitivity live
| Price | -10% $428 | -5% $399 | +0% $369 | +5% $340 | +10% $311 |
|---|---|---|---|---|---|
| Rent | -10% $264 | -5% $317 | +0% $369 | +5% $422 | +10% $475 |
| Rate | -1.0pp $421 | -0.5pp $396 | base $369 | +0.5pp $343 | +1.0pp $316 |
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
- $25,750
- Closing costs
- $3,090
- 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 |
|---|---|---|---|---|---|---|---|---|
| 12840 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 44d | 1 | 0.15mi |
| 12711 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 19d | 1 | 0.25mi |
| 13600 Southfield Fwy Detroit, MI | 2.0 | 1.0 | 848 | $1,100 | $1.30 | 6d | 1 | 0.42mi |
| 12944 Rosemont Ave Detroit, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 6d | 1 | 0.54mi |
| 12941 Penrod St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.63mi |
| 13581 Penrod St Detroit, MI | 4.0 | 1.0 | 1152 | $1,200 | $1.04 | 44d | 1 | 0.63mi |
| 14504 Saint Marys St Detroit, MI | 4.0 | 1.0 | 1362 | $1,473 | $1.08 | 44d | 1 | 0.66mi |
| 14535 Mettetal St Unit 1 Detroit, MI | 2.0 | 1.0 | 965 | $1,000 | $1.04 | 44d | 1 | 0.67mi |
| 13591 Faust Ave Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.70mi |
| 12875 Faust Ave Detroit, MI | 2.0 | 1.0 | 735 | $1,200 | $1.63 | 6d | 1 | 0.70mi |
| 12121 Montrose St Detroit, MI | 3.0 | 1.0 | 874 | $1,373 | $1.57 | 23d | 1 | 0.74mi |
| 13279 Coyle St Detroit, MI | 3.0 | 1.0 | 1444 | $1,373 | $0.95 | 44d | 1 | 0.77mi |
| 12950 Glastonbury Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 25d | 1 | 0.79mi |
| 14580 Forrer St Unit Unit Detroit, MI | 2.0 | 1.0 | 1300 | $900 | $0.69 | 21d | 1 | 0.81mi |
| 14615 Winthrop St Detroit, MI | 2.0 | 1.0 | 1217 | $1,300 | $1.07 | 17d | 1 | 0.82mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 13d | 1 | 0.83mi |
| 14753 Saint Marys St Detroit, MI | 2.0 | 1.0 | 900 | $1,150 | $1.28 | 6d | 1 | 0.83mi |
| 13514 Stahelin Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 19d | 1 | 0.85mi |
| 14104 Coyle St Detroit, MI | 3.0 | 1.0 | 1327 | $1,350 | $1.02 | 6d | 1 | 0.85mi |
| 11641 Mansfield St Unit 2 Detroit, MI | 3.0 | 1.0 | 1449 | $1,300 | $0.90 | 44d | 1 | 0.85mi |
| 14836 Rutherford St Unit 2 Detroit, MI | 2.0 | 1.0 | 1104 | $950 | $0.86 | 44d | 1 | 0.88mi |
| 14716 Archdale St Detroit, MI | 2.0 | 1.0 | 900 | $1,100 | $1.22 | 44d | 1 | 0.93mi |
| 14264 Coyle St Detroit, MI | 2.0 | 1.0 | 1000 | $1,150 | $1.15 | 44d | 1 | 0.93mi |
| 16014 Hackett St Detroit, MI | 4.0 | 2.0 | 1142 | $1,500 | $1.31 | 44d | 1 | 0.95mi |
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 17d | 1 | 0.96mi |
| 19050 W Davison St Detroit, MI | 3.0 | 1.0 | 1118 | $1,400 | $1.25 | 44d | 1 | 0.98mi |
| 12754 Marlowe St Detroit, MI | 3.0 | 2.0 | 1008 | $1,400 | $1.39 | 17d | 1 | 1.04mi |
| 11704 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1046 | $1,300 | $1.24 | 25d | 1 | 1.05mi |
| 14375 Terry St Detroit, MI | 3.0 | 2.0 | 1300 | $1,425 | $1.10 | 44d | 1 | 1.05mi |
| 10030 Abington Ave Detroit, MI | 4.0 | 2.0 | 1350 | $1,475 | $1.09 | 12d | 1 | 1.07mi |
| 14893 Prest St Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 16d | 1 | 1.07mi |
| 13331 Strathmoor St Detroit, MI | 3.0 | 1.0 | 1084 | $1,100 | $1.01 | 17d | 1 | 1.09mi |
| 11634 Sussex St Detroit, MI | 3.0 | 1.0 | 1091 | $1,326 | $1.22 | 25d | 1 | 1.11mi |
| 14814 Sussex St Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 44d | 1 | 1.12mi |
| 15065 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 44d | 1 | 1.12mi |
| 11393 Prest St Detroit, MI | 3.0 | 1.0 | 900 | $1,550 | $1.72 | 17d | 1 | 1.12mi |
| 11345 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 700 | $1,050 | $1.50 | 13d | 1 | 1.13mi |
| 11397 Whitcomb St Detroit, MI | 3.0 | 1.0 | 1070 | $1,400 | $1.31 | 17d | 1 | 1.14mi |
| 12014 Terry St Detroit, MI | 2.0 | 1.0 | 1361 | $1,200 | $0.88 | 44d | 1 | 1.15mi |
| 12039 Lauder St Detroit, MI | 3.0 | 1.5 | 1000 | $1,500 | $1.50 | 25d | 1 | 1.16mi |
Listing history 39 events
-
2026-06-21days on market $103,000 Active 259 DOM
-
2026-06-18days on market $103,000 Active 256 DOM
-
2026-06-17days on market $103,000 Active 255 DOM
-
2026-06-15days on market $103,000 Active 253 DOM
-
2026-06-13days on market $103,000 Active 251 DOM
-
2026-06-13days on market $103,000 Active 250 DOM
-
2026-06-09days on market $103,000 Active 247 DOM
-
2026-06-08days on market $103,000 Active 246 DOM
-
2026-06-07days on market $103,000 Active 245 DOM
-
2026-06-04days on market $103,000 Active 242 DOM
-
2026-06-03days on market $103,000 Active 241 DOM
-
2026-06-01days on market $103,000 Active 239 DOM
-
2026-05-31days on market $103,000 Active 238 DOM
-
2026-02-27status Active 1061-char remark
Show marketing remark (1072 chars)
Don’t miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage — perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
-
2026-02-27status Active 1072-char remark
Show marketing remark (1072 chars)
Don’t miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage — perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
-
2026-02-07status Pending 1061-char remark
Show marketing remark (1072 chars)
Don’t miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage — perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
-
2026-02-07status Pending 1072-char remark
Show marketing remark (1072 chars)
Don’t miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage — perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
-
2025-09-16$103,000 Active 1061-char remark
Show marketing remark (1072 chars)
Don’t miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage — perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
-
2025-09-16$103,000 Active 1072-char remark
Show marketing remark (1072 chars)
Don’t miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage — perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
-
2025-09-15historical $103,000 1061-char remark
Show marketing remark (1061 chars)
Don't miss this incredible opportunity! With a little imagination and vision, this solid 3-bedroom, 1-bath brick home has the potential to truly shine. Located in a well-established neighborhood, the property boasts strong structural bones and a spacious 2.5-car detached garage - perfect for a workshop, man cave, or additional storage. The generously sized backyard offers endless possibilities for outdoor living, gardening, or entertaining. While the home could benefit from some updates, it presents a fantastic opportunity for first-time buyers looking to build equity or savvy investors seeking their next value-add project. For added peace of mind, a security system with cameras is already installed. Plus, the roof and garage come with a transferable warranty. Seller is not interested in Land Contracts, any type of Trust, wholesale, or seller finance terms. Why keep renting when you can own in a great location? Please note: This property is being sold AS-IS. The seller will make no additional repairs or improvements. * * * Short Sale * * *
-
2025-08-12historical
-
2025-06-26$107,500 Active
-
2025-06-26$107,500 Active
-
2025-06-26historical
-
2025-06-26historical
-
2025-05-07price $119,000
-
2025-05-06price $119,000
-
2025-04-14$125,000 Active
-
2025-04-14$125,000 Active
-
2025-04-07historical
-
2008-03-04soldstatus $124,000
-
2007-12-18historical
-
2006-12-18$135,000
-
2006-12-18historical
-
2006-06-18$135,000
-
2004-12-20historical
-
2004-12-20historical
-
2004-09-28$135,000
-
2004-09-28$135,000
ⓘ 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
- $1,189 · $99/mo
- Projected year-2 tax
- $1,388 · $116/mo
- Expected delta
- +$199/yr (+$17/mo · 16.7%)
ⓘ 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
- $15,972
- − Mortgage interest
- −$5,770
- − Property taxes
- −$1,189
- − Insurance
- −$515
- − Repairs & maintenance
- −$1,278
- − Management
- −$1,278
- − Depreciation
- −$2,996
- Taxable income
- $2,947
- Est. tax owed @ 24.0%
- −$707
- After-tax cash flow
- $3,725/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)
- 40,302
- Household income
- $36,527
- Rent vs 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
-23.7% since first listed26 events — show timeline
- 2026-02-27 Relisted — MiRealSource-MiMLS
- 2026-02-27 Relisted — REALCOMP
- 2026-02-07 Pending — MiRealSource-MiMLS
- 2026-02-07 Pending — REALCOMP
- 2025-09-16 Listed $103,000 MiRealSource-MiMLS
- 2025-09-16 Listed $103,000 REALCOMP
- 2025-09-15 Coming Soon $103,000 MiRealSource-MiMLS
- 2025-08-12 Listing Removed — MiRealSource-MiMLS
- 2025-06-26 Listed $107,500 REALCOMP
- 2025-06-26 Listing Removed — REALCOMP
- 2025-06-26 Listing Removed — MiRealSource-MiMLS
- 2025-06-26 Listed $107,500 MiRealSource-MiMLS
- 2025-05-07 Price Changed $119,000 MiRealSource-MiMLS
- 2025-05-06 Price Changed $119,000 REALCOMP
- 2025-04-14 Listed $125,000 MiRealSource-MiMLS
- 2025-04-14 Listed $125,000 REALCOMP
- 2025-04-07 Coming Soon — MiRealSource-MiMLS
- 2008-03-04 Sold (Public Records) $124,000 Public Records
- 2007-12-18 Listing Removed — REALCOMP
- 2006-12-18 Listing Removed — REALCOMP
- 2006-12-18 Listed $135,000 REALCOMP
- 2006-06-18 Listed $135,000 REALCOMP
- 2004-12-20 Listing Removed — REALCOMP
- 2004-12-20 Listing Removed — MiRealSource-MiMLS
- 2004-09-28 Listed $135,000 REALCOMP
- 2004-09-28 Listed $135,000 MiRealSource-MiMLS
Property tax history
-2.2%/yrLatest (2025): $1,189 · -39.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…