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6180 Hereford St
B- Composite 67.64
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

6180 Hereford St · Detroit, MI 48224
2 bd · 1.5 ba · 1,536 sqft · SingleFamily public records · 80 Days on market
Built 1939 8,276 sqft lot $29/sqft · 53% below area ↓ 59% since listing

🖨 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

CLASSIC DETROIT BRICK BUNGALOWBRIGHT THREE-SEASON ROOMSPACIOUS BASEMENTLARGE YARDTWO-CAR DETACHED GARAGE

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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.
Recommended offer $42,300 (6.0% below list)

Questions for the listing agent

  1. 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?
  2. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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
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

5-year hold
IRR
64.8%
Equity multiple
3.80×
Total profit
$35,286
Equity at exit
$6,710
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $394
Max offer price $45,000
Occupancy floor 40%

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

AddressBedsBaths SqftRent$/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

  1. 2026-06-21
    days on market $45,000 Active 80 DOM
  2. 2026-06-18
    days on market $45,000 Active 77 DOM
  3. 2026-06-17
    days on market $45,000 Active 76 DOM
  4. 2026-06-15
    days on market $45,000 Active 74 DOM
  5. 2026-06-13
    days on market $45,000 Active 72 DOM
  6. 2026-06-13
    days on market $45,000 Active 71 DOM
  7. 2026-06-09
    days on market $45,000 Active 68 DOM
  8. 2026-06-08
    days on market $45,000 Active 67 DOM
  9. 2026-06-07
    days on market $45,000 Active 66 DOM
  10. 2026-06-04
    days on market $45,000 Active 63 DOM
  11. 2026-06-03
    days on market $45,000 Active 62 DOM
  12. 2026-06-02
    days on market $45,000 Active 61 DOM
  13. 2026-06-01
    days on market $45,000 Active 60 DOM
  14. 2026-05-31
    days on market $45,000 Active 59 DOM
  15. 2026-05-04
    status 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.

  16. 2026-05-04
    status 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.

  17. 2026-05-04
    status 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.

  18. 2026-04-10
    status 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.

  19. 2026-04-10
    status 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.

  20. 2026-04-10
    status 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.

  21. 2026-03-09
    listed $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.

  22. 2026-03-09
    listed $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.

  23. 2026-03-09
    listed $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.

  24. 2022-11-16
    soldstatus $28,000 Sold
  25. 2022-11-16
    soldstatus $28,000 Closed
  26. 2022-10-21
    status Pending
  27. 2022-10-21
    status Pending
  28. 2022-10-18
    status Active
  29. 2022-10-18
    status Active
  30. 2022-10-11
    status Pending
  31. 2022-10-11
    status Pending
  32. 2022-09-23
    listed $29,900 Active
  33. 2022-09-22
    listed $29,900 Active
  34. 2000-10-05
    soldstatus $100,000
  35. 2000-06-28
    soldstatus $100,000
  36. 2000-06-15
    historical
  37. 2000-04-15
    listed $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
combined federal + state — saved on this device
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

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Detroit, MI
County
Wayne County · 1,562,939 people
City population
572,865
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
39,668
Household income
$44,856
Rent vs Own
44.1% rent · 55.9% own
Severe rent burden
2515.0

Population outlook (Wayne County) Hauer SSP2

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

Race, ethnicity, and origin ACS 2023

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

Political lean MEDSL · Wayne

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

Not yet ingested

Civics

Market trends

HPI YoY
▼ -226.38%
Current HPI
161.886
Rent YoY
▲ 0.73%
Metro
Detroit-Warren-Dearborn, MI
State GDP YoY
▲ 1.37%
F500 in state
28

Industry mix (Fortune 500 HQ in MI)

Industry F500 HQs Revenue

Price history

-59.1% since first listed
23 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%/yr

Latest (2025): $3,833 · +6.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…