10827 Bonita St · Detroit, MI 48224

$69,900

2 bd · 1.0 ba · 913 sqft · SingleFamily public records · 42 Days on market

Built 1948 4,792 sqft lot Est $49k · 42% over ↓ 13% since listing

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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
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• 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

Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

Key facts

• Brick bungalow
• Attached garage
• Near major roads

Tags

• BRICK BUNGALOW
• PARTIALLY FINISHED BASEMENT
• FIREPLACE
• ATTACHED GARAGE
• STRONG RENTAL POTENTIAL
• NEAR MAJOR ROADS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.7% 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 flat; 484 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); 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 32% of the median local income ($45k/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 $483 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 + 0.7% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.70% ✓
• Cap rate: 13.70%
• Cash-on-cash: 26.46%
• DSCR: 2.18
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $49,302
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9768 Manistique St	0.28mi	3/1.0 (+1)	986 (+8%)	0mo	$35,000	$35	68
10058 Greensboro St	0.49mi	3/1.0 (+1)	928 (+2%)	3mo	$40,000	$43	67
10644 Stratman St	0.27mi	2/1.0	1,000 (+10%)	7mo	$85,000	$85	65
10904 N Mogul St	0.16mi	3/1.0 (+1)	1,045 (+14%)	0mo	$113,000	$108	63
10609 Stratman St	0.24mi	3/1.5 (+1)	979 (+7%)	8mo	$90,000	$92	63
10696 Stratman St	0.30mi	3/1.5 (+1)	1,000 (+10%)	3mo	$53,000	$53	61
9459 Lakepointe St	0.48mi	3/1.0 (+1)	855 (-6%)	2mo	$40,000	$47	61
11203 Stockwell St	0.30mi	3/1.0 (+1)	1,012 (+11%)	5mo	$107,500	$106	59
12641 Kelly Rd	0.59mi	2/1.0	840 (-8%)	4mo	$15,000	$18	56
11993 Payton St	0.62mi	3/1.0 (+1)	1,019 (+12%)	8mo	$49,000	$48	40
10326 Beaconsfield St	0.61mi	3/1.0 (+1)	1,042 (+14%)	3mo	$66,000	$63	40
9233 Mckinney St	0.75mi	3/1.0 (+1)	1,028 (+13%)	9mo	$55,000	$54	32

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 17.6%
• Equity multiple: 1.69×
• Total profit: $13,543
• Equity at exit: $10,422

10-year hold

• IRR: 24.4%
• Equity multiple: 2.89×
• Total profit: $36,920
• Equity at exit: $6,044

Cash invested: $19,572 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,188 high
• Mortgage (P&I): −$367
• Tax from tax record: −$111 /mo · $1,335/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $432

Break-even live

Break-even rent $642

Max offer price $69,900

Occupancy floor 59%

Sensitivity live

Price	-10% $471	-5% $451	+0% $432	+5% $412	+10% $392
Rent	-10% $338	-5% $385	+0% $432	+5% $479	+10% $525
Rate	-1.0pp $467	-0.5pp $449	base $432	+0.5pp $414	+1.0pp $395

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.28mi
9516 Wayburn St Detroit, MI	2.0	1.0	800	$950	$1.19	18d	1	0.40mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	44d	1	0.40mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	15d	1	0.51mi
9190 Hayes St Unit 1 Detroit, MI	2.0	1.0	750	$850	$1.13	15d	1	0.55mi
13400 Longview St Detroit, MI	3.0	1.5	1000	$1,400	$1.40	44d	1	0.56mi
9747 Somerset Ave Detroit, MI	2.0	1.0	797	$1,100	$1.38	44d	1	0.62mi
13137 Elmdale St Detroit, MI	3.0	1.0	1115	$1,400	$1.26	25d	1	0.68mi
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	44d	1	0.74mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	4d	1	0.80mi
13067 Wade St Detroit, MI	2.0	1.0	660	$900	$1.36	5d	1	0.81mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	18d	1	0.91mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	15d	1	0.91mi
15494 Mapleridge St Detroit, MI	3.0	1.0	937	$1,275	$1.36	44d	1	0.98mi
14103 Rochelle Ave Unit 3 Detroit, MI	1.0	1.0	700	$800	$1.14	44d	1	0.98mi
12201 Morang Ave Unit 8 Detroit, MI	2.0	1.0	610	$875	$1.43	44d	1	1.00mi
9140 Whittier Ave Unit 1 Detroit, MI	1.0	1.0	550	$700	$1.27	44d	1	1.03mi
11611 Morang Ave Detroit, MI	1.0–2.0	1.0	709	$1,040	$1.47	44d	1	1.06mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	1.08mi
10177 Boleyn St Detroit, MI	3.0	1.0	767	$1,250	$1.63	44d	1	1.09mi
11529 Roxbury St Detroit, MI	2.0	1.0	720	$1,200	$1.67	13d	1	1.14mi
11776 Rossiter St Detroit, MI	3.0	1.0	964	$1,150	$1.19	12d	1	1.15mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	1.16mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	44d	1	1.17mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	1.19mi
5235 Chatsworth St Detroit, MI	2.0	1.0	900	$1,050	$1.17	44d	1	1.22mi
12210 Longview St Detroit, MI	3.0	1.0	1020	$1,100	$1.08	44d	1	1.25mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	13d	1	1.26mi
5284 Devonshire Rd Detroit, MI	2.0	1.0	650	$1,050	$1.62	25d	1	1.27mi
5284 Devonshire Rd Unit 2 Detroit, MI	1.0	1.0	750	$1,050	$1.40	15d	1	1.27mi
12716 Riad St Detroit, MI	3.0	1.0	974	$1,275	$1.31	18d	1	1.27mi
5076 Chalmers St Unit 5074 Detroit, MI	1.0	1.0	700	$925	$1.32	25d	1	1.29mi
5025 Somerset Ave Detroit, MI	1.0	1.0	772	$900	$1.17	44d	1	1.32mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	1.34mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	44d	1	1.34mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	44d	1	1.36mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	15d	1	1.37mi
13503 E McNichols Rd Unit 7 Detroit, MI	1.0	1.0	750	$800	$1.07	18d	1	1.37mi
5031 Bedford St Detroit, MI	2.0	1.0	876	$1,870	$2.13	0d	1	1.44mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	44d	1	1.45mi

Listing history 26 events

1. 2026-06-18
   days on market $69,900 Active 42 DOM
2. 2026-06-17
   days on market $69,900 Active 41 DOM
3. 2026-06-15
   days on market $69,900 Active 39 DOM
4. 2026-06-13
   days on market $69,900 Active 37 DOM
5. 2026-06-13
   days on market $69,900 Active 36 DOM
6. 2026-06-09
   days on market $69,900 Active 33 DOM
7. 2026-06-08
   days on market $69,900 Active 32 DOM
8. 2026-06-07
   days on market $69,900 Active 31 DOM
9. 2026-06-04
   days on market $69,900 Active 28 DOM
10. 2026-06-03
    days on market $69,900 Active 27 DOM
11. 2026-06-02
    status $69,900 Active 26 DOM
12. 2026-04-24
    status Pending 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

13. 2026-04-24
    status Pending 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

14. 2026-04-24
    status Pending

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

15. 2026-04-15
    status Active 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

16. 2026-04-15
    status Active 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

17. 2026-04-15
    status Active

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

18. 2026-04-07
    historical

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

19. 2026-04-07
    historical 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

20. 2026-04-07
    historical 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

21. 2026-04-02
    price $69,900 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

22. 2026-04-01
    price $69,900 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

23. 2026-04-01
    price $69,900

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

24. 2026-03-20
    listed $79,900 Active 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

25. 2026-03-20
    listed $79,900 Active 754-char remark

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

26. 2026-03-20
    listed $79,900 Active

    Show marketing remark (754 chars)

    Solid brick bungalow opportunity in Detroit's east side, offering 900+ square feet of living space with a functional layout and long-term upside. Built in 1948, this home features a partially finished basement, fireplace, and attached garage, providing added value and flexibility for both owner-occupants and investors. Situated on a manageable lot, the property offers strong rental potential in an area with consistent demand and nearby comparable sales supporting continued growth. Whether you're looking to expand your portfolio or secure an affordable home with equity potential, this property checks the key boxes. Conveniently located near major roads, shopping, and neighborhood amenities, this is a strategic acquisition with room to add value.

ⓘ 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: $1,335 · $111/mo
• Projected year-2 tax: $1,335 · $111/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 ≥95°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,257
• − Mortgage interest: −$3,915
• − Property taxes: −$1,335
• − Insurance: −$350
• − Repairs & maintenance: −$1,141
• − Management: −$1,141
• − Depreciation: −$2,033
• Taxable income: $4,342
• Est. tax owed @ 24.0%: −$1,042
• After-tax cash flow: $4,137/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

-12.5% since first listed

15 events — show timeline

• 2026-04-24 Pending — REALCOMP
• 2026-04-24 Pending — MiRealSource-MiMLS
• 2026-04-24 Pending — SW Michigan MLS
• 2026-04-15 Relisted — REALCOMP
• 2026-04-15 Relisted — MiRealSource-MiMLS
• 2026-04-15 Relisted — SW Michigan MLS
• 2026-04-07 Listing Removed — SW Michigan MLS
• 2026-04-07 Listing Removed — MiRealSource-MiMLS
• 2026-04-07 Listing Removed — REALCOMP
• 2026-04-02 Price Changed $69,900 MiRealSource-MiMLS
• 2026-04-01 Price Changed $69,900 REALCOMP
• 2026-04-01 Price Changed $69,900 SW Michigan MLS
• 2026-03-20 Listed $79,900 SW Michigan MLS
• 2026-03-20 Listed $79,900 MiRealSource-MiMLS
• 2026-03-20 Listed $79,900 REALCOMP

Property tax history

-0.3%/yr

Latest (2025): $1,335 · -55.5% YoY. Source: county tax records.