15482 Rutherford St · Detroit, MI 48227

$79,000

3 bd · 1.5 ba · 1,653 sqft · SingleFamily public records · 42 Days on market

Built 1937 4,792 sqft lot $48/sqft · 25% below area Est $106k · 25% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,150 a month on a month-to-month lease. Conveniently located on Elysia Park subdivision, with easy access from Greenfield Rd and Southfield Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. The property has a certificate of compliance. More pictures and videos are available upon request.

Key facts

• 4,792 sq ft lot
• Built 1937
• Listed 42 days

Tags

• DETROIT BRICK BUNGALOW
• ELYSIA PARK SUBDIVISION
• CERTIFICATE OF COMPLIANCE

Property features AI

Finance

• Financial info: Annual tax amount listed

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories; Ground-level entry with steps; Brick exterior
• Construction: Block foundation
• Exterior features: Paved road access; Lot approximately 0.11 acres (40 x 116.37)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: 6 total rooms; Unfinished basement

🏷️ Possibly a rental listed for sale. The $79,000 price doesn't fit this home's estimated sale value (~$105,786) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $422 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $77k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.7% vs local median 10.0% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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).
• At $1,398/mo this rent would consume 46% of the median local household income ($37k/yr) (locally 2371% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 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 + 5.6% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 22y ago; this cycle's ask has dropped $6k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price; built in 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $76,630 (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 1937 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.77% ✓
• Cap rate: 12.71%
• Cash-on-cash: 22.92%
• DSCR: 2.02
• GRM: 4.7

CMA / ARV

• ARV (median comp): $105,786
• List price: $79,000
• Delta: -25.32%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15482 Rutherford St	0.00mi	3/1.0	1,653 (0%)	0mo	$65,000	$39	98
15357 Rutherford St	0.12mi	3/1.5	1,592 (-4%)	2mo	$45,000	$28	86
15530 Winthrop St	0.21mi	3/1.0	1,573 (-5%)	3mo	$60,000	$38	77
15361 Mansfield St	0.14mi	4/1.0 (+1)	1,766 (+7%)	2mo	$65,000	$37	74
15501 Whitcomb St	0.37mi	4/1.5 (+1)	1,609 (-3%)	2mo	$90,000	$56	72
14689 Forrer St	0.56mi	3/1.5	1,627 (-2%)	3mo	$65,000	$40	69
16601 Ferguson St	0.60mi	3/2.5	1,625 (-2%)	1mo	$189,900	$117	65
15762 Ferguson St	0.30mi	4/2.0 (+1)	1,510 (-9%)	4mo	$82,000	$54	62
14634 Abington Ave	0.69mi	3/1.5	1,618 (-2%)	4mo	$165,000	$102	61
15455 Lindsay St St	0.47mi	3/2.0	1,500 (-9%)	4mo	$198,000	$132	57
14529 Asbury Park	0.72mi	4/2.0 (+1)	1,688 (+2%)	4mo	$127,500	$76	53
15763 Robson St	0.58mi	2/1.5 (-1)	1,485 (-10%)	3mo	$58,500	$39	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 19.2%
• Equity multiple: 1.81×
• Total profit: $17,947
• Equity at exit: $11,779

10-year hold

• IRR: 29.5%
• Equity multiple: 4.02×
• Total profit: $66,877
• Equity at exit: $6,830

Cash invested: $22,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

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

Methodology + full state rankings →

ZIP-level market 48227

• Rents YoY: 5.6%
• Active inventory: 391
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,398 high
• Mortgage (P&I): −$414
• Tax from tax record: −$235 /mo · $2,821/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $422

Break-even live

Break-even rent $864

Max offer price $79,000

Occupancy floor 65%

Sensitivity live

Price	-10% $467	-5% $445	+0% $422	+5% $400	+10% $378
Rent	-10% $312	-5% $367	+0% $422	+5% $478	+10% $533
Rate	-1.0pp $462	-0.5pp $443	base $422	+0.5pp $402	+1.0pp $381

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	6d	1	0.13mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	18d	1	0.17mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	25d	1	0.27mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	45d	1	0.39mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	45d	1	0.44mi
14800 Woodmont Ave Detroit, MI	3.0	2.0	1612	$1,525	$0.95	16d	1	0.45mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	45d	1	0.47mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	5d	1	0.51mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	16d	1	0.52mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	25d	1	0.54mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.63mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	18d	1	0.64mi
14580 Forrer St Unit Unit Detroit, MI	2.0	1.0	1300	$900	$0.69	21d	1	0.64mi
14615 Winthrop St Detroit, MI	2.0	1.0	1217	$1,300	$1.07	18d	1	0.66mi
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	45d	1	0.68mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	16d	1	0.68mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	45d	1	0.68mi
14510 Asbury Park Detroit, MI	2.0	1.0	1771	$1,250	$0.71	45d	1	0.69mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	3d	1	0.89mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	18d	1	0.91mi
17201 Saint Marys St Detroit, MI	2.0	1.0	1200	$1,200	$1.00	0d	1	0.94mi
17201 Saint Marys St Detroit, MI	2.0	1.0	1200	$1,200	$1.00	4d	1	0.94mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	45d	1	0.95mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	45d	1	0.96mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	45d	1	1.02mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	6d	1	1.12mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	14d	1	1.15mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	4d	1	1.16mi
16505 Stansbury St Detroit, MI	3.0	1.0	1700	$1,345	$0.79	45d	1	1.20mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	12d	1	1.20mi
16757 Greenview Ave Unit 1A Detroit, MI	3.0	1.5	1600	$1,500	$0.94	6d	1	1.22mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	18d	1	1.35mi
16823 Stahelin Ave Detroit, MI	3.0	2.5	1500	$1,600	$1.07	19d	1	1.36mi
13279 Coyle St Detroit, MI	3.0	1.0	1444	$1,373	$0.95	45d	1	1.40mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	5d	1	1.45mi
15088 Littlefield St Detroit, MI	2.0	1.0	1294	$1,275	$0.99	23d	1	1.46mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	45d	1	1.49mi

Listing history 37 events

1. 2026-06-07
   status $79,000 Pending 42 DOM
2. 2026-06-04
   days on market $79,000 Active 42 DOM

   Show marketing remark (534 chars)

   Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,150 a month on a month-to-month lease. Conveniently located on Elysia Park subdivision, with easy access from Greenfield Rd and Southfield Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. The property has a certificate of compliance. More pictures and videos are available upon request.

3. 2026-06-03
   days on market $79,000 Active 41 DOM
4. 2026-06-02
   days on market $79,000 Active 40 DOM
5. 2026-06-01
   days on market $79,000 Active 39 DOM
6. 2026-05-31
   days on market $79,000 Active 38 DOM
7. 2026-04-22
   listed $85,000 Active 534-char remark

   Show marketing remark (534 chars)

   Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,150 a month on a month-to-month lease. Conveniently located on Elysia Park subdivision, with easy access from Greenfield Rd and Southfield Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. The property has a certificate of compliance. More pictures and videos are available upon request.

8. 2026-04-22
   listed $85,000 Active 534-char remark

   Show marketing remark (534 chars)

   Attention investors, don't miss this excellent investment opportunity!! This solid Detroit brick bungalow is ideal for investors to expand their portfolio. Tenant is paying $1,150 a month on a month-to-month lease. Conveniently located on Elysia Park subdivision, with easy access from Greenfield Rd and Southfield Freeway. Schedule your showing today!!! PLEASE DO NOT DISTURB TENANTS. B. A. T. V. A. I. All measurements are estimated. The property has a certificate of compliance. More pictures and videos are available upon request.

9. 2022-11-15
   soldstatus $82,500
10. 2022-08-16
    historical
11. 2022-08-16
    historical
12. 2022-06-03
    historical Accepting Backup Offers
13. 2022-06-03
    historical Accepting Backup Offers
14. 2022-05-24
    price $109,900
15. 2022-05-24
    price $109,900
16. 2022-05-24
    status Active
17. 2022-05-24
    status Active
18. 2022-05-11
    status Pending
19. 2022-05-11
    status Pending
20. 2022-04-12
    historical Accepting Backup Offers
21. 2022-04-12
    historical Accepting Backup Offers
22. 2022-04-03
    listed $99,900 Active
23. 2022-04-03
    listed $99,900 Active
24. 2014-05-19
    historical
25. 2014-05-19
    historical
26. 2013-07-01
    listed $5,900
27. 2013-07-01
    listed $5,900
28. 2008-02-24
    historical
29. 2008-01-05
    listed $24,900
30. 2006-02-14
    soldstatus $120,000
31. 2005-03-07
    soldstatus $50,500
32. 2005-02-15
    soldstatus $50,500
33. 2004-11-30
    listed $50,000
34. 2001-05-11
    soldstatus $102,000
35. 2001-04-11
    soldstatus $80,000
36. 1994-03-15
    soldstatus $23,000
37. 1992-09-29
    soldstatus $19,500

ⓘ 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: $2,821 · $235/mo
• Projected year-2 tax: $2,821 · $235/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,780
• − Mortgage interest: −$4,425
• − Property taxes: −$2,821
• − Insurance: −$395
• − Repairs & maintenance: −$1,342
• − Management: −$1,342
• − Depreciation: −$2,298
• Taxable income: $4,156
• Est. tax owed @ 24.0%: −$998
• After-tax cash flow: $4,072/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Detroit Public Schools Community District
• NCES district ID: 2601103
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 6.00%
• Median HH income: $25,815
• Composite: 13.06/100
• National rank: #9564
• State rank: #499 of 540 in MI

Livability — Detroit

• Score: 73/100
• State rank: #218
• US rank: #5427

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit, MI
• County: Wayne County · 1,562,939 people
• City population: 572,865
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+233.3% since first listed

37 events — show timeline

• 2026-06-12 Sold (MLS) $65,000 REALCOMP
• 2026-06-12 Sold (MLS) $65,000 MiRealSource-MiMLS
• 2026-06-04 Pending — MiRealSource-MiMLS
• 2026-06-04 Pending — REALCOMP
• 2026-05-21 Price Changed $79,000 MiRealSource-MiMLS
• 2026-05-20 Price Changed $79,000 REALCOMP
• 2026-04-22 Listed $85,000 REALCOMP
• 2026-04-22 Listed $85,000 MiRealSource-MiMLS
• 2022-11-15 Sold (Public Records) $82,500 Public Records
• 2022-08-16 Listing Removed — REALCOMP
• 2022-08-16 Listing Removed — MiRealSource-MiMLS
• 2022-06-03 Contingent — MiRealSource-MiMLS
• 2022-06-03 Contingent — REALCOMP
• 2022-05-24 Price Changed $109,900 MiRealSource-MiMLS
• 2022-05-24 Price Changed $109,900 REALCOMP
• 2022-05-24 Relisted — MiRealSource-MiMLS
• 2022-05-24 Relisted — REALCOMP
• 2022-05-11 Pending — MiRealSource-MiMLS
• 2022-05-11 Pending — REALCOMP
• 2022-04-12 Contingent — MiRealSource-MiMLS
• 2022-04-12 Contingent — REALCOMP
• 2022-04-03 Listed $99,900 MiRealSource-MiMLS
• 2022-04-03 Listed $99,900 REALCOMP
• 2014-05-19 Listing Removed — MiRealSource-MiMLS
• 2014-05-19 Listing Removed — REALCOMP
• 2013-07-01 Listed $5,900 MiRealSource-MiMLS
• 2013-07-01 Listed $5,900 REALCOMP
• 2008-02-24 Listing Removed — REALCOMP
• 2008-01-05 Listed $24,900 REALCOMP
• 2006-02-14 Sold (Public Records) $120,000 Public Records
• 2005-03-07 Sold (Public Records) $50,500 Public Records
• 2005-02-15 Sold (MLS) $50,500 REALCOMP
• 2004-11-30 Listed $50,000 REALCOMP
• 2001-05-11 Sold (Public Records) $102,000 Public Records
• 2001-04-11 Sold (Public Records) $80,000 Public Records
• 1994-03-15 Sold (Public Records) $23,000 Public Records
• 1992-09-29 Sold (Public Records) $19,500 Public Records

Property tax history

+6.0%/yr

Latest (2025): $2,821 · -0.2% YoY. Source: county tax records.