13623 Penrod St · Detroit, MI 48223

$64,000

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 45 Days on market

Built 1924 9,148 sqft lot $70/sqft · 28% above area Est $50k · 28% 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
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• 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

Property on Detroit Westside, 2 bedroom 1 bath with 2 car garage. Spacious yard for family gatherings, parties, etc. Property occupied with tenant who is leaving, good property for first time owner or investor. Four Ninety Five transaction fee due to listing brokerage from buyer at closing

Key facts

• Spacious yard
• 9,148 sq ft lot
• 2 garage spots

Tags

• SPACIOUS YARD

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Ground-level entry with steps
• Construction: Vinyl siding
• Exterior features: Paved road access; Pets: contact listing agent

Interior

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

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $64k.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $64k).
• Recommended offer: $62k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.6% 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: 158 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 44% 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 33% 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 $442 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 + 3.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $64k implies a 113% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $62,080 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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 1924 — 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: 1.90% ✓
• Cap rate: 14.62%
• Cash-on-cash: 29.74%
• DSCR: 2.32
• GRM: 4.4

CMA / ARV

• ARV (median comp): $49,872
• List price: $64,000
• Delta: 28.33%
• 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
13591 Faust Ave	0.07mi	2/1.0	891 (-2%)	7mo	$30,000	$34	87
13564 Faust Ave	0.06mi	2/1.0	951 (+4%)	5mo	$60,000	$63	86
12900 Stahelin Ave	0.29mi	3/1.0 (+1)	924 (+1%)	6mo	$50,000	$54	75
12950 Glastonbury Ave	0.21mi	3/1.0 (+1)	958 (+5%)	4mo	$40,000	$42	74
13580 Southfield Fwy	0.22mi	2/1.0	848 (-7%)	12mo	$31,500	$37	68
13538 Penrod St	0.09mi	3/1.0 (+1)	1,026 (+12%)	3mo	$95,000	$93	68
13563 Faust Ave	0.08mi	2/1.0	775 (-15%)	5mo	$60,000	$77	67
13538 Rosemont Ave	0.12mi	3/1.0 (+1)	825 (-10%)	11mo	$53,000	$64	64
14314 Southfield Fwy	0.44mi	2/1.0	827 (-9%)	13mo	$125,000	$151	53
12892 Asbury Park	0.74mi	2/1.0	872 (-4%)	10mo	$82,400	$94	50
13900 Longacre St	0.37mi	3/1.0 (+1)	1,007 (+10%)	16mo	$140,000	$139	47
12660 Grandmont Ave	0.70mi	3/1.0 (+1)	1,019 (+12%)	1mo	$85,000	$83	42

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.3%
• Equity multiple: 2.00×
• Total profit: $17,978
• Equity at exit: $9,543

10-year hold

• IRR: 32.2%
• Equity multiple: 3.92×
• Total profit: $52,336
• Equity at exit: $5,534

Cash invested: $17,920 (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 48223

• Active inventory: 158
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,217 high
• Mortgage (P&I): −$336
• Tax from tax record: −$155 /mo · $1,859/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $444

Break-even live

Break-even rent $655

Max offer price $64,000

Occupancy floor 59%

Sensitivity live

Price	-10% $480	-5% $462	+0% $444	+5% $426	+10% $408
Rent	-10% $348	-5% $396	+0% $444	+5% $492	+10% $540
Rate	-1.0pp $476	-0.5pp $460	base $444	+0.5pp $427	+1.0pp $411

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: $16,000
• Closing costs: $1,920
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13591 Faust Ave Detroit, MI	2.0	1.0	1000	$1,275	$1.27	44d	1	0.08mi
12941 Penrod St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	44d	1	0.14mi
12944 Rosemont Ave Detroit, MI	2.0	1.0	800	$1,050	$1.31	5d	1	0.16mi
13600 Southfield Fwy Detroit, MI	2.0	1.0	848	$1,100	$1.30	5d	1	0.20mi
12875 Faust Ave Detroit, MI	2.0	1.0	735	$1,200	$1.63	5d	1	0.22mi
12950 Glastonbury Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	25d	1	0.22mi
13514 Stahelin Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	18d	1	0.26mi
19050 W Davison St Detroit, MI	3.0	1.0	1118	$1,400	$1.25	44d	1	0.38mi
12611 Memorial St Unit 629104 Detroit, MI	1.0	1.0	700	$995	$1.42	44d	1	0.58mi
12611 Memorial St Unit 629203 Detroit, MI	1.0	1.0	635	$995	$1.57	25d	1	0.58mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	44d	1	0.62mi
12711 Grandmont Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	18d	1	0.63mi
14347 Westwood St Detroit, MI	2.0	1.0	706	$1,200	$1.70	25d	1	0.71mi
19431 Lyndon St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	44d	1	0.79mi
11741 Penrod St Detroit, MI	3.0	1.0	1124	$1,400	$1.25	17d	1	0.81mi
14716 Archdale St Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	0.82mi
14258 Plainview Ave Detroit, MI	3.0	1.0	918	$1,200	$1.31	44d	1	0.82mi
13500 Heyden St Detroit, MI	2.0	1.0	850	$1,200	$1.41	44d	1	0.91mi
14535 Mettetal St Unit 1 Detroit, MI	2.0	1.0	965	$1,000	$1.04	44d	1	0.92mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	5d	1	1.05mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	13d	1	1.05mi
12084 Vaughan St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.12mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	1.14mi
14541 Kentfield St Detroit, MI	3.0	1.0	797	$1,300	$1.63	17d	1	1.14mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	44d	1	1.18mi
12121 Montrose St Detroit, MI	3.0	1.0	874	$1,373	$1.57	22d	1	1.24mi
15143 Evergreen Rd Detroit, MI	2.0	1.0	653	$875	$1.34	25d	1	1.30mi
15143 Evergreen Rd Detroit, MI	2.0	1.0	653	$875	$1.34	22d	1	1.30mi
14835 Greenfield Rd Detroit, MI	1.0	1.0	650	$825	$1.27	44d	1	1.37mi
11652 Fielding St Detroit, MI	3.0	1.0	1000	$1,386	$1.39	44d	1	1.37mi
15318 Kentfield St Detroit, MI	3.0	1.5	900	$1,400	$1.56	44d	1	1.44mi
18450 W Chicago Detroit, MI	1.0–2.0	1.0	687	$1,117	$1.62	2d	15	1.44mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	17d	1	1.45mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	15d	1	1.45mi
15519 Plainview Ave Detroit, MI	3.0	1.0	900	$1,396	$1.55	17d	1	1.47mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	44d	1	1.48mi

Listing history 27 events

1. 2026-06-18
   days on market $64,000 Active 45 DOM
2. 2026-06-17
   days on market $64,000 Active 44 DOM
3. 2026-06-16
   price $64,000 Active 42 DOM
4. 2026-06-15
   days on market $69,000 Active 42 DOM

   Show marketing remark (290 chars)

   Property on Detroit Westside, 2 bedroom 1 bath with 2 car garage. Spacious yard for family gatherings, parties, etc. Property occupied with tenant who is leaving, good property for first time owner or investor. Four Ninety Five transaction fee due to listing brokerage from buyer at closing

5. 2026-06-13
   days on market $69,000 Active 40 DOM
6. 2026-06-13
   days on market $69,000 Active 39 DOM
7. 2026-06-09
   days on market $69,000 Active 36 DOM
8. 2026-06-08
   days on market $69,000 Active 35 DOM
9. 2026-06-07
   days on market $69,000 Active 34 DOM
10. 2026-06-04
    days on market $69,000 Active 31 DOM
11. 2026-06-03
    days on market $69,000 Active 30 DOM
12. 2026-06-02
    days on market $69,000 Active 29 DOM
13. 2026-06-01
    days on market $69,000 Active 28 DOM
14. 2026-05-31
    days on market $69,000 Active 27 DOM
15. 2026-05-04
    listed $69,000 Active 290-char remark

    Show marketing remark (290 chars)

    Property on Detroit Westside, 2 bedroom 1 bath with 2 car garage. Spacious yard for family gatherings, parties, etc. Property occupied with tenant who is leaving, good property for first time owner or investor. Four Ninety Five transaction fee due to listing brokerage from buyer at closing

16. 2026-05-04
    listed $69,000 Active 290-char remark

    Show marketing remark (290 chars)

    Property on Detroit Westside, 2 bedroom 1 bath with 2 car garage. Spacious yard for family gatherings, parties, etc. Property occupied with tenant who is leaving, good property for first time owner or investor. Four Ninety Five transaction fee due to listing brokerage from buyer at closing

17. 2019-11-27
    soldstatus $30,000 Sold

    Show marketing remark (1066 chars)

    We Have The WOW Factor! This Charming Home Has All Of The WOW Updates. .WALLSIDE WINDOWS THRU OUT! MULTI DIMENSIONAL ROOF On Home & Garage! UPDATED Furnace, Hot Water Heater & Vinyl Siding. ALL Big Ticket Items are Complete! Beautiful Formal Dining Room Centers The Living Room & Kitchen. Spacious Living Room With Hardwood Floors & Many Windows Allowing For Plenty Of Natural Light. Your Full Ceramic Bath Is Newly Updated & Includes A Huge Deep Soaking Tub Perfect To Soothe Away The Stress, Spa Like Ceramic Shower, New Modern Sink & Bath Is Fully Equipped With Convenient Laundry Area & BONUS Storage Cabinets. Hallway Pull Down Steps Lead To Attic For Added Storage! BONUS SUN/FLORIDA Room Makes For Great Summer Entertainment Space! Big Kitchen With Oak & Wood Cabinets All In Excellent Condition, Double Sink, Neutral Counter Tops & Plenty Of Them! ALL APPLIANCES STAY! Fabulous Covered Front Porch Perfect For Lounging, Neighbor Watching & Wine Sipping! 2 Car Garage, Nice Big Yard & Driveway

18. 2019-11-27
    soldstatus $30,000 Closed

    Show marketing remark (1066 chars)

    We Have The WOW Factor! This Charming Home Has All Of The WOW Updates. .WALLSIDE WINDOWS THRU OUT! MULTI DIMENSIONAL ROOF On Home & Garage! UPDATED Furnace, Hot Water Heater & Vinyl Siding. ALL Big Ticket Items are Complete! Beautiful Formal Dining Room Centers The Living Room & Kitchen. Spacious Living Room With Hardwood Floors & Many Windows Allowing For Plenty Of Natural Light. Your Full Ceramic Bath Is Newly Updated & Includes A Huge Deep Soaking Tub Perfect To Soothe Away The Stress, Spa Like Ceramic Shower, New Modern Sink & Bath Is Fully Equipped With Convenient Laundry Area & BONUS Storage Cabinets. Hallway Pull Down Steps Lead To Attic For Added Storage! BONUS SUN/FLORIDA Room Makes For Great Summer Entertainment Space! Big Kitchen With Oak & Wood Cabinets All In Excellent Condition, Double Sink, Neutral Counter Tops & Plenty Of Them! ALL APPLIANCES STAY! Fabulous Covered Front Porch Perfect For Lounging, Neighbor Watching & Wine Sipping! 2 Car Garage, Nice Big Yard & Driveway

19. 2019-11-22
    status Pending

    Show marketing remark (1066 chars)

    We Have The WOW Factor! This Charming Home Has All Of The WOW Updates. .WALLSIDE WINDOWS THRU OUT! MULTI DIMENSIONAL ROOF On Home & Garage! UPDATED Furnace, Hot Water Heater & Vinyl Siding. ALL Big Ticket Items are Complete! Beautiful Formal Dining Room Centers The Living Room & Kitchen. Spacious Living Room With Hardwood Floors & Many Windows Allowing For Plenty Of Natural Light. Your Full Ceramic Bath Is Newly Updated & Includes A Huge Deep Soaking Tub Perfect To Soothe Away The Stress, Spa Like Ceramic Shower, New Modern Sink & Bath Is Fully Equipped With Convenient Laundry Area & BONUS Storage Cabinets. Hallway Pull Down Steps Lead To Attic For Added Storage! BONUS SUN/FLORIDA Room Makes For Great Summer Entertainment Space! Big Kitchen With Oak & Wood Cabinets All In Excellent Condition, Double Sink, Neutral Counter Tops & Plenty Of Them! ALL APPLIANCES STAY! Fabulous Covered Front Porch Perfect For Lounging, Neighbor Watching & Wine Sipping! 2 Car Garage, Nice Big Yard & Driveway

20. 2019-11-22
    status Pending

    Show marketing remark (1066 chars)

    We Have The WOW Factor! This Charming Home Has All Of The WOW Updates. .WALLSIDE WINDOWS THRU OUT! MULTI DIMENSIONAL ROOF On Home & Garage! UPDATED Furnace, Hot Water Heater & Vinyl Siding. ALL Big Ticket Items are Complete! Beautiful Formal Dining Room Centers The Living Room & Kitchen. Spacious Living Room With Hardwood Floors & Many Windows Allowing For Plenty Of Natural Light. Your Full Ceramic Bath Is Newly Updated & Includes A Huge Deep Soaking Tub Perfect To Soothe Away The Stress, Spa Like Ceramic Shower, New Modern Sink & Bath Is Fully Equipped With Convenient Laundry Area & BONUS Storage Cabinets. Hallway Pull Down Steps Lead To Attic For Added Storage! BONUS SUN/FLORIDA Room Makes For Great Summer Entertainment Space! Big Kitchen With Oak & Wood Cabinets All In Excellent Condition, Double Sink, Neutral Counter Tops & Plenty Of Them! ALL APPLIANCES STAY! Fabulous Covered Front Porch Perfect For Lounging, Neighbor Watching & Wine Sipping! 2 Car Garage, Nice Big Yard & Driveway

21. 2019-11-10
    listed $39,000 Active

    Show marketing remark (1066 chars)

    We Have The WOW Factor! This Charming Home Has All Of The WOW Updates. .WALLSIDE WINDOWS THRU OUT! MULTI DIMENSIONAL ROOF On Home & Garage! UPDATED Furnace, Hot Water Heater & Vinyl Siding. ALL Big Ticket Items are Complete! Beautiful Formal Dining Room Centers The Living Room & Kitchen. Spacious Living Room With Hardwood Floors & Many Windows Allowing For Plenty Of Natural Light. Your Full Ceramic Bath Is Newly Updated & Includes A Huge Deep Soaking Tub Perfect To Soothe Away The Stress, Spa Like Ceramic Shower, New Modern Sink & Bath Is Fully Equipped With Convenient Laundry Area & BONUS Storage Cabinets. Hallway Pull Down Steps Lead To Attic For Added Storage! BONUS SUN/FLORIDA Room Makes For Great Summer Entertainment Space! Big Kitchen With Oak & Wood Cabinets All In Excellent Condition, Double Sink, Neutral Counter Tops & Plenty Of Them! ALL APPLIANCES STAY! Fabulous Covered Front Porch Perfect For Lounging, Neighbor Watching & Wine Sipping! 2 Car Garage, Nice Big Yard & Driveway

22. 2019-11-10
    listed $39,000 Active

    Show marketing remark (1066 chars)

    We Have The WOW Factor! This Charming Home Has All Of The WOW Updates. .WALLSIDE WINDOWS THRU OUT! MULTI DIMENSIONAL ROOF On Home & Garage! UPDATED Furnace, Hot Water Heater & Vinyl Siding. ALL Big Ticket Items are Complete! Beautiful Formal Dining Room Centers The Living Room & Kitchen. Spacious Living Room With Hardwood Floors & Many Windows Allowing For Plenty Of Natural Light. Your Full Ceramic Bath Is Newly Updated & Includes A Huge Deep Soaking Tub Perfect To Soothe Away The Stress, Spa Like Ceramic Shower, New Modern Sink & Bath Is Fully Equipped With Convenient Laundry Area & BONUS Storage Cabinets. Hallway Pull Down Steps Lead To Attic For Added Storage! BONUS SUN/FLORIDA Room Makes For Great Summer Entertainment Space! Big Kitchen With Oak & Wood Cabinets All In Excellent Condition, Double Sink, Neutral Counter Tops & Plenty Of Them! ALL APPLIANCES STAY! Fabulous Covered Front Porch Perfect For Lounging, Neighbor Watching & Wine Sipping! 2 Car Garage, Nice Big Yard & Driveway

23. 2007-05-17
    soldstatus $9,000
24. 2007-03-06
    listed $14,000
25. 2004-04-23
    soldstatus $50,000
26. 2004-03-23
    soldstatus $50,000
27. 2003-12-17
    listed $50,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,859 · $155/mo
• Projected year-2 tax: $1,859 · $155/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: $14,602
• − Mortgage interest: −$3,585
• − Property taxes: −$1,859
• − Insurance: −$320
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$1,862
• Taxable income: $4,640
• Est. tax owed @ 24.0%: −$1,114
• After-tax cash flow: $4,215/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): 22,622
• Household income: $44,512
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 1151.0

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% White 7% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 1% Iranian 1%
• Foreign-born: 1% · Canada
• 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: ▼ -303.41%
• Current HPI: 138.2779
• 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
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+28.0% since first listed

15 events — show timeline

• 2026-06-15 Price Changed $64,000 MiRealSource-MiMLS
• 2026-06-15 Price Changed $64,000 REALCOMP
• 2026-05-04 Listed $69,000 REALCOMP
• 2026-05-04 Listed $69,000 MiRealSource-MiMLS
• 2019-11-27 Sold (MLS) $30,000 MiRealSource-MiMLS
• 2019-11-27 Sold (MLS) $30,000 REALCOMP
• 2019-11-22 Pending — MiRealSource-MiMLS
• 2019-11-22 Pending — REALCOMP
• 2019-11-10 Listed $39,000 MiRealSource-MiMLS
• 2019-11-10 Listed $39,000 REALCOMP
• 2007-05-17 Sold (MLS) $9,000 REALCOMP
• 2007-03-06 Listed $14,000 REALCOMP
• 2004-04-23 Sold (Public Records) $50,000 Public Records
• 2004-03-23 Sold (MLS) $50,000 REALCOMP
• 2003-12-17 Listed $50,000 REALCOMP

Property tax history

+4.4%/yr

Latest (2025): $1,859 · +0.7% YoY. Source: county tax records.