6180 Hereford 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 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Livability +3.7/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$45,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
Key facts
- Large yard
- Spacious basement
- 8,276 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.5-bath single-family listed at $45k.
Deal economics
- At list price, monthly cash flow is $714 ($9k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $45k).
- Recommended offer: $42k (6.0% below list) — sets the bar for market timing.
- Cap rate 25.3% 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: 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; 492 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 35% 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 $311 of loan paydown is wiped out by about $1k 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.
Negotiation context
- It's been on market 80 days — a 6% lower offer ($42k) is reasonable based on typical stale-listing flexibility.
- 11 sale attempts since 26y 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 $28k; list at $45k implies a 61% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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
- 2.88% ✓
- Cap rate
- 25.32%
- Cash-on-cash
- 67.97%
- DSCR
- 4.02
- GRM
- 2.9
CMA / ARV
- ARV (median comp)
- $133,274
- List price
- $45,000
- Delta
- -66.23%
- 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 |
|---|---|---|---|---|---|---|---|
| 9451 Camley St | 0.35mi | 2/1.0 | 1,438 (-6%) | 5mo | $85,000 | $59 | 67 |
| 6150 Bluehill St | 0.26mi | 3/1.0 (+1) | 1,647 (+7%) | 3mo | $153,000 | $93 | 67 |
| 9155 Grayton St | 0.57mi | 3/1.5 (+1) | 1,554 (+1%) | 0mo | $170,000 | $109 | 66 |
| 9160 Boleyn St | 0.50mi | 3/1.0 (+1) | 1,436 (-6%) | 4mo | $69,000 | $48 | 55 |
| 21465 Bournemouth St | 0.70mi | 3/1.0 (+1) | 1,479 (-4%) | 1mo | $169,900 | $115 | 54 |
| 9212 Woodhall St | 0.37mi | 3/2.5 (+1) | 1,392 (-9%) | 5mo | $100,000 | $72 | 54 |
| 16801 Chandler Park Dr | 0.64mi | 3/1.5 (+1) | 1,632 (+6%) | 4mo | $260,000 | $159 | 52 |
| 5779 Oldtown St | 0.41mi | 3/1.5 (+1) | 1,325 (-14%) | 4mo | $135,000 | $102 | 49 |
| 5960 Bishop St | 0.57mi | 3/1.0 (+1) | 1,351 (-12%) | 2mo | $155,000 | $115 | 44 |
| 9201 Bishop St | 0.66mi | 3/1.0 (+1) | 1,700 (+11%) | 4mo | $45,000 | $26 | 41 |
| 19201 Linville St | 0.71mi | 3/1.5 (+1) | 1,700 (+11%) | 4mo | $240,000 | $141 | 40 |
| 21970 Moross Rd | 0.67mi | 3/1.0 (+1) | 1,720 (+12%) | 3mo | $140,000 | $81 | 39 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.73% rent growth · sell at horizon
- IRR
- 64.8%
- Equity multiple
- 3.80×
- Total profit
- $35,286
- Equity at exit
- $6,710
- IRR
- 68.4%
- Equity multiple
- 7.19×
- Total profit
- $77,979
- Equity at exit
- $3,891
Cash invested: $12,600 (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 48224
- Rents YoY
- 0.7%
- Active inventory
- 492
- Price-to-rent
- 2.9×
Monthly cashflow live
- Estimated rent
- $1,297 high interval (Pro) →
- Mortgage (P&I)
- −$236
- Tax est. 1.5%
- −$56 /mo · $675/yr
- Insurance
- −$19
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$272
- Net cashflow
- $714
Break-even live
Sensitivity live
| Price | -10% $745 | -5% $729 | +0% $714 | +5% $698 | +10% $683 |
|---|---|---|---|---|---|
| Rent | -10% $611 | -5% $662 | +0% $714 | +5% $765 | +10% $816 |
| Rate | -1.0pp $736 | -0.5pp $725 | base $714 | +0.5pp $702 | +1.0pp $690 |
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
- $11,250
- Closing costs
- $1,350
- 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 |
|---|---|---|---|---|---|---|---|---|
| 6175 Marseilles St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 45d | 1 | 0.07mi |
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 0d | 1 | 0.13mi |
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 14d | 1 | 0.13mi |
| 6181 Neff Ave Detroit, MI | 3.0 | 1.0 | 1102 | $1,299 | $1.18 | 19d | 1 | 0.14mi |
| 6154 Woodhall St Detroit, MI | 2.0 | 1.0 | 1136 | $1,000 | $0.88 | 45d | 1 | 0.17mi |
| 5944 Marseilles St Detroit, MI | 3.0 | 1.0 | 1910 | $1,300 | $0.68 | 19d | 1 | 0.19mi |
| 5786 Neff Ave Detroit, MI | 3.0 | 1.5 | 1100 | $1,225 | $1.11 | 18d | 1 | 0.27mi |
| 6304 Bluehill St Detroit, MI | 3.0 | 1.0 | 1088 | $1,500 | $1.38 | 45d | 1 | 0.28mi |
| 6225 Oldtown St Detroit, MI | 3.0 | 1.0 | 1330 | $1,199 | $0.90 | 19d | 1 | 0.36mi |
| 20926 Moross Rd Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,350 | $1.12 | 45d | 1 | 0.39mi |
| 19203 Edgefield St Harper Woods, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 26d | 1 | 0.54mi |
| 19168 Berden St Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,800 | $1.50 | 0d | 1 | 0.55mi |
| 5233 Farmbrook St Detroit, MI | 3.0 | 1.0 | 1449 | $1,250 | $0.86 | 0d | 1 | 0.58mi |
| 10870 Marne St Detroit, MI | 3.0 | 1.0 | 1156 | $1,100 | $0.95 | 19d | 1 | 0.60mi |
| 5164 Hereford St Detroit, MI | 3.0 | 2.0 | 1867 | $1,425 | $0.76 | 0d | 1 | 0.60mi |
| 9241 Boleyn St Detroit, MI | 3.0 | 1.0 | 1350 | $1,350 | $1.00 | 45d | 1 | 0.61mi |
| 9313 Harvard Rd Detroit, MI | 3.0 | 1.5 | 1329 | $1,200 | $0.90 | 19d | 1 | 0.62mi |
| 10370 Britain St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 45d | 1 | 0.67mi |
| 19000 Chandler Park Dr Grosse Pointe, MI | 2.0 | 1.0 | 1374 | $2,195 | $1.60 | 0d | 1 | 0.70mi |
| 19000 Chandler Park Dr Grosse Pointe, MI | 2.0 | 1.0 | 1374 | $2,300 | $1.67 | 1d | 1 | 0.70mi |
| 10404 Somerset Ave Detroit, MI | 3.0 | 1.0 | 1108 | $1,475 | $1.33 | 5d | 1 | 1.00mi |
| 11235 Roxbury St Detroit, MI | 3.0 | 1.0 | 1062 | $1,325 | $1.25 | 19d | 1 | 1.06mi |
| 19435 McCormick St Detroit, MI | 3.0 | 2.0 | 1148 | $1,300 | $1.13 | 19d | 1 | 1.12mi |
| 11620 Rossiter St Detroit, MI | 3.0 | 1.0 | 1140 | $1,200 | $1.05 | 19d | 1 | 1.14mi |
| 5050 Three Mile Dr Detroit, MI | 2.0 | 1.0 | 2127 | $1,150 | $0.54 | 45d | 1 | 1.17mi |
| 10803 Roxbury St Detroit, MI | 3.0 | 1.0 | 1150 | $900 | $0.78 | 22d | 1 | 1.18mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 45d | 1 | 1.19mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 16d | 1 | 1.19mi |
| 15857 Evanston St Detroit, MI | 3.0 | 1.5 | 1232 | $1,250 | $1.01 | 6d | 1 | 1.23mi |
| 11689 Wayburn St Detroit, MI | 3.0 | 1.0 | 1142 | $1,350 | $1.18 | 45d | 1 | 1.23mi |
| 5574 Buckingham Ave Detroit, MI | 3.0 | 1.0 | 1430 | $1,450 | $1.01 | 6d | 1 | 1.25mi |
| 5267 Haverhill St Detroit, MI | 3.0 | 1.5 | 1458 | $1,300 | $0.89 | 19d | 1 | 1.27mi |
| 5267 Haverhill St Detroit, MI | 3.0 | 1.5 | 1458 | $1,300 | $0.89 | 18d | 1 | 1.27mi |
| 9984 Beaconsfield St Detroit, MI | 3.0 | 1.0 | 1222 | $1,575 | $1.29 | 45d | 1 | 1.35mi |
| 9409 Balfour Rd Detroit, MI | 3.0 | 1.0 | 1195 | $1,200 | $1.00 | 45d | 1 | 1.36mi |
| 4627 Bedford St Unit 1 Detroit, MI | 2.0 | 1.0 | 1050 | $945 | $0.90 | 21d | 1 | 1.41mi |
| 5911 Somerset Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,350 | $1.12 | 0d | 1 | 1.45mi |
| 5791 Somerset Ave Detroit, MI | 3.0 | 2.0 | 1660 | $1,400 | $0.84 | 19d | 1 | 1.46mi |
| 10141 Roxbury St Detroit, MI | 3.0 | 1.0 | 1115 | $1,000 | $0.90 | 45d | 1 | 1.48mi |
| 11018 Whitehill St Detroit, MI | 3.0 | 1.0 | 1146 | $1,450 | $1.27 | 12d | 1 | 1.49mi |
Listing history 37 events
-
2026-06-21days on market $45,000 Active 80 DOM
-
2026-06-18days on market $45,000 Active 77 DOM
-
2026-06-17days on market $45,000 Active 76 DOM
-
2026-06-15days on market $45,000 Active 74 DOM
-
2026-06-13days on market $45,000 Active 72 DOM
-
2026-06-13days on market $45,000 Active 71 DOM
-
2026-06-09days on market $45,000 Active 68 DOM
-
2026-06-08days on market $45,000 Active 67 DOM
-
2026-06-07days on market $45,000 Active 66 DOM
-
2026-06-04days on market $45,000 Active 63 DOM
-
2026-06-03days on market $45,000 Active 62 DOM
-
2026-06-02days on market $45,000 Active 61 DOM
-
2026-06-01days on market $45,000 Active 60 DOM
-
2026-05-31days on market $45,000 Active 59 DOM
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2026-05-04status Active 995-char remark
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-05-04status Active 995-char remark
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-05-04status Active
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-04-10status Pending 995-char remark
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-04-10status Pending 995-char remark
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-04-10status Pending
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-03-09$45,000 Active 995-char remark
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-03-09$45,000 Active 995-char remark
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
-
2026-03-09$45,000 Active
Show marketing remark (995 chars)
Opportunity awaits with this classic Detroit brick bungalow as an ideal investment property listed at just $45,000. With solid bones and generous space throughout, this home offers strong potential for investors looking to add value or expand their portfolio. Inside, the rooms are large, with plenty of natural light flowing through the windows. The layout offers flexibility for future updates while maintaining the charm of a traditional bungalow. A bright three-season room provides extra living space and overlooks the backyard. The home also features a spacious basement with plenty of room for storage, a workshop, or the possibility of additional finished space. Outside, the large yard offers room to spread out, garden, or entertain, while the two-car detached garage adds convenience and extra storage. With its classic brick exterior, large rooms, and strong potential, this is a great opportunity for investors looking to renovate, rent, or hold equity in Detroit's evolving market.
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2022-11-16soldstatus $28,000 Sold
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2022-11-16soldstatus $28,000 Closed
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2022-10-21status Pending
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2022-10-21status Pending
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2022-10-18status Active
-
2022-10-18status Active
-
2022-10-11status Pending
-
2022-10-11status Pending
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2022-09-23$29,900 Active
-
2022-09-22$29,900 Active
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2000-10-05soldstatus $100,000
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2000-06-28soldstatus $100,000
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2000-06-15historical
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2000-04-15$109,900
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
- $15,565
- − Mortgage interest
- −$2,521
- − Property taxes
- −$675
- − Insurance
- −$225
- − Repairs & maintenance
- −$1,245
- − Management
- −$1,245
- − Depreciation
- −$1,309
- Taxable income
- $8,345
- Est. tax owed @ 24.0%
- −$2,003
- After-tax cash flow
- $6,562/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)
- 39,668
- Household income
- $44,856
- Rent vs 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 |
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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
-59.1% since first listed23 events — show timeline
- 2026-05-04 Relisted — REALCOMP
- 2026-05-04 Relisted — MiRealSource-MiMLS
- 2026-05-04 Relisted — SW Michigan MLS
- 2026-04-10 Pending — MiRealSource-MiMLS
- 2026-04-10 Pending — REALCOMP
- 2026-04-10 Pending — SW Michigan MLS
- 2026-03-09 Listed $45,000 REALCOMP
- 2026-03-09 Listed $45,000 SW Michigan MLS
- 2026-03-09 Listed $45,000 MiRealSource-MiMLS
- 2022-11-16 Sold (MLS) $28,000 MiRealSource-MiMLS
- 2022-11-16 Sold (MLS) $28,000 REALCOMP
- 2022-10-21 Pending — MiRealSource-MiMLS
- 2022-10-21 Pending — REALCOMP
- 2022-10-18 Relisted — MiRealSource-MiMLS
- 2022-10-18 Relisted — REALCOMP
- 2022-10-11 Pending — MiRealSource-MiMLS
- 2022-10-11 Pending — REALCOMP
- 2022-09-23 Listed $29,900 REALCOMP
- 2022-09-22 Listed $29,900 MiRealSource-MiMLS
- 2000-10-05 Sold (Public Records) $100,000 Public Records
- 2000-06-28 Sold (MLS) $100,000 MiRealSource-MiMLS
- 2000-06-15 Listing Removed — MiRealSource-MiMLS
- 2000-04-15 Listed $109,900 MiRealSource-MiMLS
Property tax history
+7.2%/yrLatest (2025): $3,833 · +6.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…