11439 Ohio St · 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 97°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 A- 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 +12.9/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Appreciation +10.0/10.0
- Livability +3.7/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
$60,950
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
3 Bedroom, 1.5 bathroom colonial home on Detroit's West side located off Grand River and I-96. Seller started rehab work. As is Sale. Property is 1 of 20 that seller is selling their Detroit portfolio.
Key facts
- 3,485 sq ft lot
- Built 1922
- Listed 32 days
Property features AI
Exterior
- Parking: No garage
- Utilities: Public water; Sewer available
- Home design: Single-family residence; Two levels; Ground-level entry with steps
- Construction: Aluminum siding; Block foundation; Asphalt roof; Built area above grade: 1,284 square feet
- Exterior features: Paved road access; No pool
Interior
- Bathrooms: One full bathroom; One half bathroom
- Heating & cooling: Forced air heating (natural gas); No cooling
- Interior features: Unfinished basement; Six total rooms
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $61k.
Deal economics
- At list price, monthly cash flow is $411 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $61k).
- Recommended offer: $59k (3.0% below list) — sets the bar for market timing.
- Cap rate 14.4% vs local median 10.0% 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: 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: Mackenzie Elementarymiddle School (math 2% / reading 2%, grade F, #1,384 of 1,397 statewide, top 100%, 909 students, 88% 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: 250 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
Forward outlook
- In year one you build about $7k of equity ($422 loan paydown + $6k appreciation (10.0% local appreciation)).
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (10.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
- By year 5, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 32 days — a 3% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 6y 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.
- Current owner paid $33k; list at $61k implies a 85% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 3.9% of price; built in 1922 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 1.98% ✓
- Cap rate
- 14.39%
- Cash-on-cash
- 28.93%
- DSCR
- 2.29
- GRM
- 4.2
CMA / ARV
- ARV (on-the-fly)
- $69,336
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 10340 Maplelawn St | 0.47mi | 3/2.0 | 1,296 (+1%) | 5mo | $27,000 | $21 | 68 |
| 12096 Meyers Rd | 0.73mi | 3/1.0 | 1,248 (-3%) | 0mo | $30,000 | $24 | 61 |
| 10405 Orangelawn St | 0.57mi | 3/1.5 | 1,350 (+5%) | 3mo | $7,000 | $5 | 61 |
| 12162 Kentucky St | 0.40mi | 3/1.0 | 1,415 (+10%) | 5mo | $42,000 | $30 | 60 |
| 9637 Prairie St | 0.64mi | 3/1.0 | 1,248 (-3%) | 7mo | $87,500 | $70 | 60 |
| 11931 Wisconsin St | 0.30mi | 3/3.0 | 1,407 (+10%) | 5mo | $135,900 | $97 | 58 |
| 12027 Manor St | 0.69mi | 3/1.0 | 1,340 (+4%) | 4mo | $86,750 | $65 | 58 |
| 12303 Cloverlawn St | 0.43mi | 3/1.5 | 1,454 (+13%) | 4mo | $58,500 | $40 | 52 |
| 12026 Manor Arc | 0.66mi | 3/1.0 | 1,200 (-6%) | 8mo | $65,000 | $54 | 52 |
| 12629 Washburn St | 0.62mi | 3/1.0 | 1,392 (+8%) | 7mo | $75,000 | $54 | 51 |
| 10300 Orangelawn St | 0.47mi | 3/1.0 | 1,092 (-15%) | 4mo | $52,000 | $48 | 50 |
| 10123 Crocuslawn St | 0.47mi | 3/1.0 | 1,107 (-14%) | 7mo | $104,999 | $95 | 49 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 46.3%
- Equity multiple
- 4.49×
- Total profit
- $59,488
- Equity at exit
- $54,909
- IRR
- 40.2%
- Equity multiple
- 10.07×
- Total profit
- $154,766
- Equity at exit
- $118,412
Cash invested: $17,066 (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 48204
- Home prices YoY
- 18.5%
- Active inventory
- 250
- Price-to-rent
- 4.2×
Monthly cashflow live
- Estimated rent
- $1,209 high interval (Pro) →
- Mortgage (P&I)
- −$320
- Tax from tax record
- −$199 /mo · $2,383/yr
- Insurance
- −$25
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$254
- Net cashflow
- $411
Break-even live
Sensitivity live
| Price | -10% $446 | -5% $429 | +0% $411 | +5% $394 | +10% $377 |
|---|---|---|---|---|---|
| Rent | -10% $316 | -5% $364 | +0% $411 | +5% $459 | +10% $507 |
| Rate | -1.0pp $442 | -0.5pp $427 | base $411 | +0.5pp $396 | +1.0pp $380 |
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
- $15,238
- Closing costs
- $1,828
- 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 |
|---|---|---|---|---|---|---|---|---|
| 12303 Cloverlawn St Detroit, MI | 3.0 | 1.5 | 1454 | $1,400 | $0.96 | 46d | 1 | 0.44mi |
| 12144 Washburn St Detroit, MI | 3.0 | 1.0 | 1200 | $1,200 | $1.00 | 17d | 1 | 0.44mi |
| 10303 Morley St #1 Detroit, MI | 2.0 | 1.0 | 950 | $950 | $1.00 | 46d | 1 | 0.59mi |
| 10359 Violetlawn St Unit 1 Detroit, MI | 2.0 | 1.0 | 1200 | $985 | $0.82 | 46d | 1 | 0.60mi |
| 12703 Northlawn St Detroit, MI | 2.0 | 1.0 | 1365 | $1,053 | $0.77 | 23d | 1 | 0.65mi |
| 10002 Manor Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 46d | 1 | 0.67mi |
| 10002 Manor Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,150 | $1.05 | 46d | 1 | 0.67mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 46d | 1 | 0.70mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,000 | $0.91 | 26d | 1 | 0.70mi |
| 12650 Griggs St Detroit, MI | 3.0 | 2.0 | 1628 | $1,375 | $0.84 | 26d | 1 | 0.71mi |
| 12032 Santa Rosa Dr Unit 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,278 | $1.42 | 1d | 1 | 0.71mi |
| 12123 Santa Rosa Dr Detroit, MI | 2.0 | 1.0 | 1680 | $1,000 | $0.60 | 26d | 1 | 0.72mi |
| 12019 Stoepel St Detroit, MI | 2.0 | 1.0 | 1000 | $943 | $0.94 | 7d | 1 | 0.73mi |
| 12775 Plymouth Rd Unit 16 Detroit, MI | 2.0 | 1.0 | 1009 | $825 | $0.82 | 46d | 1 | 0.77mi |
| 12415 Monica St Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 46d | 1 | 0.79mi |
| 9558 Meyers Rd Detroit, MI | 3.0 | 1.0 | 950 | $1,150 | $1.21 | 46d | 1 | 0.81mi |
| 9022 Northlawn St Detroit, MI | 2.0 | 1.0 | 1100 | $1,300 | $1.18 | 26d | 1 | 0.82mi |
| 12663 Stoepel St Detroit, MI | 2.0 | 1.0 | 1100 | $1,050 | $0.95 | 24d | 1 | 0.93mi |
| 9209 Pinehurst St Detroit, MI | 3.0 | 1.0 | 1589 | $1,500 | $0.94 | 46d | 1 | 0.93mi |
| 13620 Kentucky St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 7d | 1 | 1.05mi |
| 13910 Kentucky St Detroit, MI | 2.0 | 1.0 | 1680 | $1,000 | $0.60 | 46d | 1 | 1.11mi |
| 13620 Tuller St Detroit, MI | 4.0 | 1.0 | 1064 | $1,374 | $1.29 | 15d | 1 | 1.11mi |
| 9355 Ward St Detroit, MI | 3.0 | 1.0 | 1200 | $1,327 | $1.11 | 46d | 1 | 1.13mi |
| 11704 Broadstreet Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,050 | $0.88 | 46d | 1 | 1.15mi |
| 13979 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 1296 | $1,334 | $1.03 | 23d | 1 | 1.16mi |
| 8320 Northlawn St Detroit, MI | 3.0 | 1.0 | 1737 | $1,550 | $0.89 | 23d | 1 | 1.18mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 4d | 1 | 1.20mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 20d | 1 | 1.20mi |
| 8353 Alpine St Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 46d | 1 | 1.21mi |
| 4341 Glendale St Detroit, MI | 4.0 | 2.5 | 1832 | $1,680 | $0.92 | 7d | 1 | 1.21mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 46d | 1 | 1.23mi |
| 4268 Cortland St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 46d | 1 | 1.25mi |
| 13965 Mendota St Detroit, MI | 3.0 | 1.0 | 1222 | $1,294 | $1.06 | 20d | 1 | 1.25mi |
| 8230 Ohio St Detroit, MI | 3.0 | 1.0 | 1350 | $1,200 | $0.89 | 19d | 1 | 1.26mi |
| 9340 Hartwell St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 46d | 1 | 1.29mi |
| 8143 Wisconsin St Detroit, MI | 4.0 | 1.0 | 1370 | $1,800 | $1.31 | 0d | 1 | 1.32mi |
| 8762 Epworth St Unit 8768 Detroit, MI | 2.0 | 1.0 | 900 | $995 | $1.11 | 1d | 1 | 1.33mi |
| 14242 Ohio St Detroit, MI | 4.0 | 1.0 | 1400 | $1,000 | $0.71 | 46d | 1 | 1.34mi |
| 8283 Pinehurst St Unit 2 Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 46d | 1 | 1.36mi |
| 4203 Tyler St Detroit, MI | 2.0 | 1.0 | 950 | $895 | $0.94 | 46d | 1 | 1.37mi |
Listing history 32 events
-
2026-06-22days on market $60,950 Active 32 DOM
-
2026-06-21days on market $60,950 Active 31 DOM
-
2026-06-18days on market $60,950 Active 28 DOM
-
2026-06-17days on market $60,950 Active 27 DOM
-
2026-06-15days on market $60,950 Active 25 DOM
-
2026-06-13days on market $60,950 Active 23 DOM
-
2026-06-13days on market $60,950 Active 22 DOM
-
2026-06-09days on market $60,950 Active 19 DOM
-
2026-06-08days on market $60,950 Active 18 DOM
-
2026-06-07days on market $60,950 Active 17 DOM
-
2026-06-04days on market $60,950 Active 14 DOM
-
2026-06-03days on market $60,950 Active 13 DOM
-
2026-06-02days on market $60,950 Active 12 DOM
-
2026-06-01days on market $60,950 Active 11 DOM
-
2026-05-31days on market $60,950 Active 10 DOM
-
2026-05-21$60,950 Active
Show marketing remark (201 chars)
3 Bedroom, 1.5 bathroom colonial home on Detroit's West side located off Grand River and I-96. Seller started rehab work. As is Sale. Property is 1 of 20 that seller is selling their Detroit portfolio.
-
2026-05-21$60,950 Active 201-char remark
Show marketing remark (201 chars)
3 Bedroom, 1.5 bathroom colonial home on Detroit's West side located off Grand River and I-96. Seller started rehab work. As is Sale. Property is 1 of 20 that seller is selling their Detroit portfolio.
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2025-11-21historical $1,300
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2025-05-01$1,300
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2022-06-12price $1,200
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2020-09-18soldstatus $33,000 Sold 558-char remark
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-09-18soldstatus $33,000 Closed
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-09-14status Pending
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-09-14status Pending 558-char remark
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
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2020-09-12price $35,000
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2020-09-11price $35,000 558-char remark
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-09-02status Active
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-09-02status Active 558-char remark
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-06-12status Pending
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-06-12status Pending 558-char remark
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-05-30$31,000 Active 558-char remark
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
-
2020-05-30$31,000 Active
Show marketing remark (558 chars)
Charming colonial located near Clinton Park, Adams Butzel Recreation Complex, and M-10. Less than 15 minutes from Downtown Detroit!!! The Property features 3 bedrooms, 1.5 bathrooms, kitchen, living room with natural fireplace, dining room, and basement! The bathroom features a claw-foot bathtub and a water-conserving toilet. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay a $495 processing fee to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance!
ⓘ 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
- $2,383 · $199/mo
- Projected year-2 tax
- $2,383 · $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 ≥97°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
- $14,506
- − Mortgage interest
- −$3,414
- − Property taxes
- −$2,383
- − Insurance
- −$305
- − Repairs & maintenance
- −$1,160
- − Management
- −$1,160
- − Depreciation
- −$1,773
- Taxable income
- $4,310
- Est. tax owed @ 24.0%
- −$1,034
- After-tax cash flow
- $3,902/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)
- 20,696
- Household income
- $34,468
- Rent vs Own
- Severe rent burden
- 1418.0
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 (86%)
- Race & ethnicity
- Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Hispanic 1% Romanian 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 95% English-only · Spanish 4%
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
- ▲ 36.51%
- Current HPI
- 234.0465
- Rent YoY
- —
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+96.6% since first listed17 events — show timeline
- 2026-05-21 Listed $60,950 MiRealSource-MiMLS
- 2026-05-21 Listed $60,950 REALCOMP
- 2025-11-21 Rental Removed $1,300 Hemlane
- 2025-05-01 Listed for Rent $1,300 Hemlane
- 2022-06-12 Price Changed $1,200 RENT.
- 2020-09-18 Sold (MLS) $33,000 MiRealSource-MiMLS
- 2020-09-18 Sold (MLS) $33,000 REALCOMP
- 2020-09-14 Pending — MiRealSource-MiMLS
- 2020-09-14 Pending — REALCOMP
- 2020-09-12 Price Changed $35,000 MiRealSource-MiMLS
- 2020-09-11 Price Changed $35,000 REALCOMP
- 2020-09-02 Relisted — MiRealSource-MiMLS
- 2020-09-02 Relisted — REALCOMP
- 2020-06-12 Pending — MiRealSource-MiMLS
- 2020-06-12 Pending — REALCOMP
- 2020-05-30 Listed $31,000 MiRealSource-MiMLS
- 2020-05-30 Listed $31,000 REALCOMP
Property tax history
+11.2%/yrLatest (2025): $2,383 · +0.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…