19423 Teppert St St · Detroit, MI 48234

$69,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 104 Days on market

Built 1928 4,356 sqft lot $80/sqft · 69% above area Est $52k · 33% over

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Why this score? — see what drove the C+ 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property-it's an opportunity to be part of Detroit's ongoing story.

Key facts

• 4,356 sq ft lot
• Built 1928
• Listed 104 days

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 $457 ($5k/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: $63k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.2% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.7%/yr); 226 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 44% of the median local income ($35k/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 + 6.7% 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 104 days — a 9% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 18y ago; this cycle's ask has dropped $36k (34%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $62,790 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — 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: 1.87% ✓
• Cap rate: 14.24%
• Cash-on-cash: 28.39%
• DSCR: 2.26
• GRM: 4.5

CMA / ARV

• ARV (median comp): $51,840
• List price: $69,000
• Delta: 33.10%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19361 Beland St	0.08mi	3/1.0	901 (+4%)	2mo	$47,500	$53	88
19140 Algonac St	0.24mi	2/1.0 (-1)	892 (+3%)	1mo	$46,000	$52	78
19735 Annott St	0.33mi	3/1.0	780 (-10%)	4mo	$69,500	$89	65
20075 Strasburg St	0.65mi	3/1.5	876 (+1%)	5mo	$43,500	$50	62
19145 Strasburg St	0.51mi	3/1.5	931 (+8%)	7mo	$90,000	$97	56
19161 Hamburg St	0.56mi	3/1.0	960 (+11%)	2mo	$116,000	$121	54
18982 Hamburg St	0.64mi	3/1.0	952 (+10%)	3mo	$45,000	$47	51
19758 Waltham St	0.71mi	3/1.0	790 (-9%)	3mo	$6,000	$8	50
19633 Barlow St	0.61mi	3/1.5	962 (+11%)	3mo	$72,000	$75	48
8212 E Lantz St	0.60mi	3/1.0	989 (+14%)	2mo	$60,000	$61	46
20091 Annott St	0.54mi	2/1.0 (-1)	747 (-14%)	1mo	$12,800	$17	46
20259 Bradford St	0.65mi	4/1.0 (+1)	979 (+13%)	4mo	$68,000	$69	39

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 27.2%
• Equity multiple: 2.19×
• Total profit: $23,007
• Equity at exit: $10,288

10-year hold

• IRR: 37.1%
• Equity multiple: 5.14×
• Total profit: $79,986
• 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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,289 high
• Mortgage (P&I): −$362
• Tax from tax record: −$171 /mo · $2,050/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $457

Break-even live

Break-even rent $711

Max offer price $69,000

Occupancy floor 60%

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
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	0.17mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	43d	1	0.17mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.72mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	43d	1	0.75mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	17d	1	0.75mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.76mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	0.86mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	3d	1	0.86mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	17d	1	0.90mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.94mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	43d	1	0.94mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	12d	1	0.98mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	22d	1	0.98mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.98mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	1.00mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	24d	1	1.03mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	17d	1	1.05mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	43d	1	1.07mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	43d	1	1.07mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	16d	1	1.08mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	5d	1	1.09mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	1.10mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	1.13mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	1.18mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	1.19mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	17d	1	1.21mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	17d	1	1.24mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	17d	1	1.26mi
7605 Jackson Ave Warren, MI	2.0	1.0	600	$1,165	$1.94	24d	1	1.27mi
21412 Waltham Rd Warren, MI	2.0	1.0	696	$1,225	$1.76	43d	1	1.29mi
11319 Chalmers Ave Warren, MI	3.0	1.0	975	$1,500	$1.54	24d	1	1.32mi
11236 Studebaker Ave Warren, MI	2.0	1.0	672	$1,175	$1.75	43d	1	1.35mi
8640 Chalmers Ave Warren, MI	3.0	1.0	804	$1,423	$1.77	24d	1	1.37mi
8162 Orchard Ave Warren, MI	2.0	1.0	900	$1,000	$1.11	43d	1	1.39mi
8065 Meadow Ave Warren, MI	2.0	1.0	800	$1,050	$1.31	24d	1	1.41mi
11076 Hudson Ave Warren, MI	3.0	1.0	936	$1,395	$1.49	3d	1	1.42mi
8632 Studebaker Ave Warren, MI	3.0	1.0	761	$1,300	$1.71	3d	1	1.42mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	43d	1	1.44mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.46mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	24d	1	1.48mi

Listing history 50 events

1. 2026-06-18
   days on market $69,000 Active 104 DOM
2. 2026-06-17
   days on market $69,000 Active 103 DOM
3. 2026-06-15
   pricestatusdays on market $69,000 Active 101 DOM
4. 2026-06-13
   days on market $86,000 Active Under Contract 99 DOM
5. 2026-06-13
   days on market $86,000 Active Under Contract 98 DOM
6. 2026-06-09
   days on market $86,000 Active Under Contract 95 DOM
7. 2026-06-08
   days on market $86,000 Active Under Contract 94 DOM
8. 2026-06-07
   days on market $86,000 Active Under Contract 93 DOM
9. 2026-06-04
   days on market $86,000 Active Under Contract 90 DOM
10. 2026-06-03
    days on market $86,000 Active Under Contract 89 DOM
11. 2026-06-01
    days on market $86,000 Active Under Contract 87 DOM
12. 2026-05-31
    days on market $86,000 Active Under Contract 86 DOM
13. 2026-05-19
    historical Active Under Contract 942-char remark

    Show marketing remark (960 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property—it’s an opportunity to be part of Detroit’s ongoing story.

14. 2026-05-19
    historical Accepting Backup Offers 960-char remark

    Show marketing remark (960 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property—it’s an opportunity to be part of Detroit’s ongoing story.

15. 2026-04-22
    price $86,000 960-char remark

    Show marketing remark (960 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property—it’s an opportunity to be part of Detroit’s ongoing story.

16. 2026-04-21
    price $86,000 942-char remark

    Show marketing remark (942 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property-it's an opportunity to be part of Detroit's ongoing story.

17. 2026-04-04
    price $93,000 960-char remark

    Show marketing remark (942 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property-it's an opportunity to be part of Detroit's ongoing story.

18. 2026-04-04
    price $93,000 942-char remark

    Show marketing remark (942 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property-it's an opportunity to be part of Detroit's ongoing story.

19. 2026-03-24
    price $99,750 960-char remark

    Show marketing remark (942 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property-it's an opportunity to be part of Detroit's ongoing story.

20. 2026-03-24
    price $99,750 942-char remark

    Show marketing remark (942 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property-it's an opportunity to be part of Detroit's ongoing story.

21. 2026-03-06
    listed $105,000 Active 942-char remark

    Show marketing remark (960 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property—it’s an opportunity to be part of Detroit’s ongoing story.

22. 2026-03-06
    listed $105,000 Active 960-char remark

    Show marketing remark (960 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property—it’s an opportunity to be part of Detroit’s ongoing story.

23. 2026-03-04
    historical $105,000 960-char remark

    Show marketing remark (960 chars)

    This beautifully refreshed 3-bedroom, 1-bath home offers a wonderful opportunity for investors or owner-occupants looking for a move-in ready property in Detroit. Inside, the home has been thoughtfully renovated with new windows, new doors, and a full interior update, creating a bright and welcoming space ready for its next chapter. Natural light fills the rooms, and the layout offers comfortable living with the kind of charm that makes a house truly feel like home. Whether you're looking to add a strong rental to your portfolio or settle into a home of your own, this property offers flexibility and long-term potential. Based on comparable rentals in the area, the home has the potential to generate rental income, making it a compelling option for investors as well. Located in a neighborhood that continues to grow and evolve, this home represents more than just a property—it’s an opportunity to be part of Detroit’s ongoing story.

24. 2025-06-09
    soldstatus $95,000
25. 2025-06-03
    soldstatus $95,000 Closed
26. 2025-06-03
    soldstatus $95,000 Closed
27. 2025-06-02
    status Pending
28. 2025-06-02
    status Pending
29. 2025-05-12
    historical Accepting Backup Offers
30. 2025-05-12
    historical Active Under Contract
31. 2025-04-29
    listed $95,000 Active
32. 2025-04-29
    listed $95,000 Active
33. 2023-09-26
    listed $40,000
34. 2023-09-21
    soldstatus $40,000 Sold
35. 2023-09-21
    historical
36. 2023-09-21
    soldstatus $40,000 Closed
37. 2023-09-21
    historical
38. 2023-09-21
    listed $40,000
39. 2023-08-22
    historical
40. 2023-08-22
    historical
41. 2023-07-26
    price $40,000
42. 2023-07-26
    price $40,000
43. 2023-05-24
    price $50,000
44. 2023-05-23
    price $50,000
45. 2023-03-23
    price $55,000
46. 2023-03-22
    price $55,000
47. 2023-02-23
    listed $60,000 Active
48. 2023-02-23
    listed $60,000 Active
49. 2008-05-21
    soldstatus $2,500
50. 2008-05-20
    soldstatus $2,500

ⓘ 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: $2,050 · $171/mo
• Projected year-2 tax: $2,050 · $171/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 ≥96°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: $15,471
• − Mortgage interest: −$3,865
• − Property taxes: −$2,050
• − Insurance: −$345
• − Repairs & maintenance: −$1,238
• − Management: −$1,238
• − Depreciation: −$2,007
• Taxable income: $4,728
• Est. tax owed @ 24.0%: −$1,135
• After-tax cash flow: $4,350/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+1128.6% since first listed

44 events — show timeline

• 2026-05-19 Contingent — REALCOMP
• 2026-05-19 Contingent — MiRealSource-MiMLS
• 2026-04-22 Price Changed $86,000 MiRealSource-MiMLS
• 2026-04-21 Price Changed $86,000 REALCOMP
• 2026-04-04 Price Changed $93,000 MiRealSource-MiMLS
• 2026-04-04 Price Changed $93,000 REALCOMP
• 2026-03-24 Price Changed $99,750 MiRealSource-MiMLS
• 2026-03-24 Price Changed $99,750 REALCOMP
• 2026-03-06 Listed $105,000 REALCOMP
• 2026-03-06 Listed $105,000 MiRealSource-MiMLS
• 2026-03-04 Coming Soon $105,000 MiRealSource-MiMLS
• 2025-06-09 Sold (Public Records) $95,000 Public Records
• 2025-06-03 Sold (MLS) $95,000 REALCOMP
• 2025-06-03 Sold (MLS) $95,000 MiRealSource-MiMLS
• 2025-06-02 Pending — MiRealSource-MiMLS
• 2025-06-02 Pending — REALCOMP
• 2025-05-12 Contingent — MiRealSource-MiMLS
• 2025-05-12 Contingent — REALCOMP
• 2025-04-29 Listed $95,000 REALCOMP
• 2025-04-29 Listed $95,000 MiRealSource-MiMLS
• 2023-09-26 Listed $40,000 REALCOMP
• 2023-09-21 Listed $40,000 MiRealSource-MiMLS
• 2023-09-21 Listing Removed — MiRealSource-MiMLS
• 2023-09-21 Sold (MLS) $40,000 MiRealSource-MiMLS
• 2023-09-21 Listing Removed — REALCOMP
• 2023-09-21 Sold (MLS) $40,000 REALCOMP
• 2023-08-22 Listing Removed — MiRealSource-MiMLS
• 2023-08-22 Listing Removed — REALCOMP
• 2023-07-26 Price Changed $40,000 MiRealSource-MiMLS
• 2023-07-26 Price Changed $40,000 REALCOMP
• 2023-05-24 Price Changed $50,000 MiRealSource-MiMLS
• 2023-05-23 Price Changed $50,000 REALCOMP
• 2023-03-23 Price Changed $55,000 MiRealSource-MiMLS
• 2023-03-22 Price Changed $55,000 REALCOMP
• 2023-02-23 Listed $60,000 MiRealSource-MiMLS
• 2023-02-23 Listed $60,000 REALCOMP
• 2008-05-21 Sold (MLS) $2,500 REALCOMP
• 2008-05-20 Sold (MLS) $2,500 MiRealSource-MiMLS
• 2008-04-15 Listing Removed — MiRealSource-MiMLS
• 2008-04-02 Listed $4,900 MiRealSource-MiMLS
• 2008-04-02 Listed $4,900 REALCOMP
• 2007-03-01 Sold (Public Records) $75,000 Public Records
• 1999-05-03 Sold (Public Records) $36,283 Public Records
• 1997-10-31 Sold (Public Records) $7,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $2,050 · +102.5% YoY. Source: county tax records.