16703 Archdale 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 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D 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 +15.2/30.0
- ARV discount +7.3/15.0
- DSCR +4.7/10.0
- Livability +3.7/5.0
- 1% rule +3.5/10.0
- Rent growth +3.3/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$175,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Beautifully updated home offering a true move-in ready experience with renovations completed from top to bottom. This property features a brand-new roof along with refreshed finishes throughout, blending modern updates with timeless appeal. Situated on a desirable corner lot, the home provides added space and privacy, enhanced by a privacy fence facing the street, perfect for comfortable outdoor enjoyment. A 1-car detached garage adds convenience and additional storage. The interior has been thoughtfully updated to provide a clean, functional layout ideal for everyday living. Located in a beautiful Detroit neighborhood, the property is just minutes from local amenities including dining options like Valentino's Diner and "Burgers Dogs N Phillies", as well as shopping at Metro Groceries. Nearby outdoor spaces such as Rouge Park offer opportunities for recreation, while schools including Cody High School and Gardner Elementary School add to the area's enjoyment. A great opportunity to own a fully updated home with a desirable lot and easy access to everyday amenities.
Key facts
- Privacy fence
- Updated interior
- New roof
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.5-bath single-family listed at $175k.
Deal economics
- At list price, monthly cash flow is $60 ($724/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (15.5% below list).
- Recommended offer: $148k (15.5% below list) — sets the bar for 1% rule.
- Cap rate 6.7% vs local median 10.2% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
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 (+3.2%/yr); 283 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $1,479/mo this rent would consume 45% of the median local household income ($39k/yr) (locally 3064% 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 $1k of loan paydown is wiped out by about $5k 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.
Negotiation context
- It's been on market 16 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 24y 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 $18k; list at $175k implies a 899% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1936 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 0.85% ✗
- Cap rate
- 6.71%
- Cash-on-cash
- 1.48%
- DSCR
- 1.07
- GRM
- 9.9
CMA / ARV
- ARV (on-the-fly)
- $174,272
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 16533 Harlow St | 0.11mi | 3/1.5 | 1,385 (-11%) | 2mo | $83,989 | $61 | 75 |
| 16601 Ferguson St | 0.34mi | 3/2.5 | 1,625 (+4%) | 1mo | $189,900 | $117 | 72 |
| 17207 Archdale St | 0.35mi | 4/2.0 (+1) | 1,600 (+3%) | 2mo | $151,000 | $94 | 70 |
| 16210 Ashton Ave | 0.20mi | 3/1.5 | 1,760 (+13%) | 1mo | $235,000 | $134 | 68 |
| 17130 Mansfield St | 0.65mi | 3/2.0 | 1,559 (+0%) | 0mo | $185,000 | $119 | 67 |
| 15455 Lindsay St St | 0.60mi | 3/2.0 | 1,500 (-4%) | 4mo | $198,000 | $132 | 60 |
| 15762 Ferguson St | 0.57mi | 4/2.0 (+1) | 1,510 (-3%) | 4mo | $82,000 | $54 | 58 |
| 16521 Biltmore St | 0.31mi | 3/2.5 | 1,380 (-11%) | 6mo | $179,000 | $130 | 58 |
| 15786 Mansfield St | 0.71mi | 3/1.5 | 1,611 (+4%) | 6mo | $180,000 | $112 | 56 |
| 18815 Lancashire St | 0.70mi | 3/1.5 | 1,755 (+13%) | 5mo | $189,500 | $108 | 42 |
| 17561 Greenview Ave | 0.70mi | 3/1.0 | 1,736 (+12%) | 5mo | $102,000 | $59 | 42 |
| 18024 Harlow St | 0.65mi | 3/2.0 | 1,324 (-15%) | 6mo | $93,600 | $71 | 38 |
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 · 3.25% rent growth · sell at horizon
- IRR
- -13.7%
- Equity multiple
- 0.51×
- Total profit
- $-24,179
- Equity at exit
- $26,093
- IRR
- -4.5%
- Equity multiple
- 0.70×
- Total profit
- $-14,729
- Equity at exit
- $15,131
Cash invested: $49,000 (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 48235
- Rents YoY
- 3.2%
- Active inventory
- 283
- Price-to-rent
- 9.9×
Monthly cashflow live
- Estimated rent
- $1,479 high interval (Pro) →
- Mortgage (P&I)
- −$918
- Tax from tax record
- −$117 /mo · $1,407/yr
- Insurance
- −$73
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$311
- Net cashflow
- $60
Break-even live
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
- $43,750
- Closing costs
- $5,250
- 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 34 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 16876 Harlow Ave Unit (NO) Detroit, MI | 3.0 | 1.0 | 1250 | $1,350 | $1.08 | 43d | 1 | 0.22mi |
| 16757 Greenview Ave Unit 1A Detroit, MI | 3.0 | 1.5 | 1600 | $1,500 | $0.94 | 5d | 1 | 0.39mi |
| 16210 Ferguson St Detroit, MI | 4.0 | 2.0 | 1493 | $1,750 | $1.17 | 3d | 1 | 0.40mi |
| 16535 Asbury Park Detroit, MI | 3.0 | 1.5 | 1152 | $1,450 | $1.26 | 24d | 1 | 0.41mi |
| 16823 Stahelin Ave Detroit, MI | 3.0 | 2.5 | 1500 | $1,600 | $1.07 | 17d | 1 | 0.53mi |
| 17201 Saint Marys St Detroit, MI | 2.0 | 1.0 | 1200 | $1,200 | $1.00 | 2d | 1 | 0.62mi |
| 15866 Mansfield St Detroit, MI | 3.0 | 1.0 | 1324 | $1,425 | $1.08 | 24d | 1 | 0.67mi |
| 17165 Prevost St Detroit, MI | 3.0 | 1.0 | 1060 | $2,400 | $2.26 | 1d | 1 | 0.75mi |
| 17654 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1377 | $1,350 | $0.98 | 16d | 1 | 0.76mi |
| 17238 Shaftsbury Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,550 | $1.29 | 43d | 1 | 0.77mi |
| 15752 Rutherford St Detroit, MI | 3.0 | 2.0 | 1174 | $1,386 | $1.18 | 5d | 1 | 0.78mi |
| 15065 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 43d | 1 | 0.80mi |
| 17654 Sunderland Rd Detroit, MI | 3.0 | 1.0 | 1100 | $1,500 | $1.36 | 43d | 1 | 0.85mi |
| 15332 Saint Marys St Detroit, MI | 3.0 | 1.0 | 1200 | $1,200 | $1.00 | 16d | 1 | 0.88mi |
| 15829 Minock St Detroit, MI | 3.0 | 1.5 | 1200 | $1,550 | $1.29 | 24d | 1 | 0.97mi |
| 14800 Woodmont Ave Detroit, MI | 3.0 | 2.0 | 1612 | $1,525 | $0.95 | 15d | 1 | 1.03mi |
| 18400 Rutherford St Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 3d | 1 | 1.09mi |
| 17678 Edinborough Rd Detroit, MI | 3.0 | 1.5 | 1528 | $1,650 | $1.08 | 15d | 1 | 1.11mi |
| 17678 Edinborough Rd Detroit, MI | 3.0 | 1.5 | 1528 | $1,650 | $1.08 | 16d | 1 | 1.11mi |
| 16014 Hackett St Detroit, MI | 4.0 | 2.0 | 1142 | $1,500 | $1.31 | 43d | 1 | 1.14mi |
| 15815 Evergreen Rd Detroit, MI | 3.0 | 1.0 | 1350 | $1,300 | $0.96 | 43d | 1 | 1.14mi |
| 15712 Vaughan St Detroit, MI | 3.0 | 1.0 | 1280 | $1,400 | $1.09 | 15d | 1 | 1.21mi |
| 16151 Robson St Detroit, MI | 3.0 | 1.0 | 1300 | $1,525 | $1.17 | 15d | 1 | 1.23mi |
| 14836 Rutherford St Unit 2 Detroit, MI | 2.0 | 1.0 | 1104 | $950 | $0.86 | 43d | 1 | 1.23mi |
| 15810 Robson St Detroit, MI | 3.0 | 1.0 | 1142 | $1,500 | $1.31 | 24d | 1 | 1.29mi |
| 14510 Asbury Park Detroit, MI | 2.0 | 1.0 | 1771 | $1,250 | $0.71 | 43d | 1 | 1.31mi |
| 18675 Forrer St Detroit, MI | 3.0 | 1.0 | 1200 | $1,225 | $1.02 | 5d | 1 | 1.31mi |
| 18134 Vaughan St Detroit, MI | 3.0 | 1.0 | 1060 | $1,150 | $1.08 | 16d | 1 | 1.34mi |
| 14504 Saint Marys St Detroit, MI | 4.0 | 1.0 | 1362 | $1,473 | $1.08 | 43d | 1 | 1.35mi |
| 18481 Prest St Detroit, MI | 3.0 | 1.5 | 1100 | $1,300 | $1.18 | 19d | 1 | 1.35mi |
| 14893 Prest St Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 15d | 1 | 1.38mi |
| 14580 Forrer St Unit Unit Detroit, MI | 2.0 | 1.0 | 1300 | $900 | $0.69 | 20d | 1 | 1.43mi |
| 15341 Lauder St Detroit, MI | 4.0 | 1.5 | 1080 | $1,475 | $1.37 | 16d | 1 | 1.45mi |
| 14615 Winthrop St Detroit, MI | 2.0 | 1.0 | 1217 | $1,300 | $1.07 | 16d | 1 | 1.46mi |
Listing history 26 events
-
2026-06-18days on market $175,000 Active 16 DOM
-
2026-06-17days on market $175,000 Active 15 DOM
-
2026-06-16days on market $175,000 Active 14 DOM
-
2026-06-15statusdays on market $175,000 Active 13 DOM
-
2026-04-11status Pending 1091-char remark
Show marketing remark (1091 chars)
Beautifully updated home offering a true move-in ready experience with renovations completed from top to bottom. This property features a brand-new roof along with refreshed finishes throughout, blending modern updates with timeless appeal. Situated on a desirable corner lot, the home provides added space and privacy, enhanced by a privacy fence facing the street, perfect for comfortable outdoor enjoyment. A 1-car detached garage adds convenience and additional storage. The interior has been thoughtfully updated to provide a clean, functional layout ideal for everyday living. Located in a beautiful Detroit neighborhood, the property is just minutes from local amenities including dining options like Valentino's Diner and "Burgers Dogs N Phillies", as well as shopping at Metro Groceries. Nearby outdoor spaces such as Rouge Park offer opportunities for recreation, while schools including Cody High School and Gardner Elementary School add to the area's enjoyment. A great opportunity to own a fully updated home with a desirable lot and easy access to everyday amenities.
-
2026-04-11status Pending
Show marketing remark (1091 chars)
Beautifully updated home offering a true move-in ready experience with renovations completed from top to bottom. This property features a brand-new roof along with refreshed finishes throughout, blending modern updates with timeless appeal. Situated on a desirable corner lot, the home provides added space and privacy, enhanced by a privacy fence facing the street, perfect for comfortable outdoor enjoyment. A 1-car detached garage adds convenience and additional storage. The interior has been thoughtfully updated to provide a clean, functional layout ideal for everyday living. Located in a beautiful Detroit neighborhood, the property is just minutes from local amenities including dining options like Valentino's Diner and "Burgers Dogs N Phillies", as well as shopping at Metro Groceries. Nearby outdoor spaces such as Rouge Park offer opportunities for recreation, while schools including Cody High School and Gardner Elementary School add to the area's enjoyment. A great opportunity to own a fully updated home with a desirable lot and easy access to everyday amenities.
-
2026-03-30$175,000 Active
Show marketing remark (1091 chars)
Beautifully updated home offering a true move-in ready experience with renovations completed from top to bottom. This property features a brand-new roof along with refreshed finishes throughout, blending modern updates with timeless appeal. Situated on a desirable corner lot, the home provides added space and privacy, enhanced by a privacy fence facing the street, perfect for comfortable outdoor enjoyment. A 1-car detached garage adds convenience and additional storage. The interior has been thoughtfully updated to provide a clean, functional layout ideal for everyday living. Located in a beautiful Detroit neighborhood, the property is just minutes from local amenities including dining options like Valentino's Diner and "Burgers Dogs N Phillies", as well as shopping at Metro Groceries. Nearby outdoor spaces such as Rouge Park offer opportunities for recreation, while schools including Cody High School and Gardner Elementary School add to the area's enjoyment. A great opportunity to own a fully updated home with a desirable lot and easy access to everyday amenities.
-
2026-03-30$175,000 Active 1091-char remark
Show marketing remark (1091 chars)
Beautifully updated home offering a true move-in ready experience with renovations completed from top to bottom. This property features a brand-new roof along with refreshed finishes throughout, blending modern updates with timeless appeal. Situated on a desirable corner lot, the home provides added space and privacy, enhanced by a privacy fence facing the street, perfect for comfortable outdoor enjoyment. A 1-car detached garage adds convenience and additional storage. The interior has been thoughtfully updated to provide a clean, functional layout ideal for everyday living. Located in a beautiful Detroit neighborhood, the property is just minutes from local amenities including dining options like Valentino's Diner and "Burgers Dogs N Phillies", as well as shopping at Metro Groceries. Nearby outdoor spaces such as Rouge Park offer opportunities for recreation, while schools including Cody High School and Gardner Elementary School add to the area's enjoyment. A great opportunity to own a fully updated home with a desirable lot and easy access to everyday amenities.
-
2015-05-21soldstatus $17,526 Sold 250-char remark
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2015-05-21soldstatus $17,526
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2015-04-27historical 250-char remark
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2015-04-27historical
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2015-04-21status Active 250-char remark
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2015-04-07historical 250-char remark
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2015-04-07$17,500 Active 250-char remark
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2015-04-07$17,500
Show marketing remark (250 chars)
3 BEDROOM BRICK COLONIAL STYLE HOME WITH 1 CAR GARAGE. VERY SPACIOUS HOME WITH FULL BASEMENT, BREAKFAST NOOK, FORMAL DIN ROOM, LARGE LIVING WITH FIREPLACE. GOOD LOCATION NEAR SCHOOLS, PARKS, TRANSPORTATION, SHOPPING AND MOST OTHER AMENITIES CLOSE BY.
-
2005-04-29soldstatus $135,000
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2004-12-30soldstatus $130,000
-
2004-12-20soldstatus $110,000
-
2004-11-20historical
-
2004-07-22$138,000
-
2004-05-17historical
-
2004-05-14$114,900
-
2004-05-14$114,900
-
2003-01-23historical
-
2002-07-23$119,900
ⓘ 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
- $1,407 · $117/mo
- Projected year-2 tax
- $2,051 · $171/mo
- Expected delta
- +$644/yr (+$54/mo · 45.8%)
ⓘ 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $17,746
- − Mortgage interest
- −$9,803
- − Property taxes
- −$1,407
- − Insurance
- −$875
- − Repairs & maintenance
- −$1,420
- − Management
- −$1,420
- − Depreciation
- −$5,091
- Taxable loss
- −$2,269
- Est. tax savings @ 24.0%
- +$545
- After-tax cash flow
- $1,269/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)
- 45,600
- Household income
- $39,265
- Rent vs Own
- Severe rent burden
- 3064.0
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 (94%)
- Race & ethnicity
- Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
- Foreign-born
- 1% · Canada
- Languages at home
- 98% English-only · Spanish 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
- ▼ -153.02%
- Current HPI
- 263.6326
- Rent YoY
- ▲ 3.25%
- 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 |
|
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Price history
+46.0% since first listed22 events — show timeline
- 2026-04-11 Pending — MiRealSource-MiMLS
- 2026-04-11 Pending — REALCOMP
- 2026-03-30 Listed $175,000 REALCOMP
- 2026-03-30 Listed $175,000 MiRealSource-MiMLS
- 2015-05-21 Sold (MLS) $17,526 MiRealSource-MiMLS
- 2015-05-21 Sold (MLS) $17,526 REALCOMP
- 2015-04-27 Listing Removed — REALCOMP
- 2015-04-27 Listing Removed — MiRealSource-MiMLS
- 2015-04-21 Relisted — REALCOMP
- 2015-04-07 Listing Removed — REALCOMP
- 2015-04-07 Listed $17,500 REALCOMP
- 2015-04-07 Listed $17,500 MiRealSource-MiMLS
- 2005-04-29 Sold (Public Records) $135,000 Public Records
- 2004-12-30 Sold (MLS) $130,000 REALCOMP
- 2004-12-20 Sold (MLS) $110,000 MiRealSource-MiMLS
- 2004-11-20 Listing Removed — MiRealSource-MiMLS
- 2004-07-22 Listed $138,000 REALCOMP
- 2004-05-17 Listing Removed — REALCOMP
- 2004-05-14 Listed $114,900 REALCOMP
- 2004-05-14 Listed $114,900 MiRealSource-MiMLS
- 2003-01-23 Listing Removed — REALCOMP
- 2002-07-23 Listed $119,900 REALCOMP
Property tax history
-2.8%/yrLatest (2025): $1,407 · -12.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…