9140 Cloverlawn St · Detroit, MI 48204

$84,900

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 23 Days on market

Built 1943 4,792 sqft lot

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

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

• Cash flow +29.3/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

Move in ready 3 bedroom brick bungalow!! Well cared for!!Receny updated throughout!!Hardwood floors!!Recently painted!!New carpet, windows, roof, furnace, and hot water tank!! All appliances included!! Fenced yard!! Close to expressways, schools, churches and shopping!! Property is currently occupied but will be available at close!!Please allow a 24 hour notice.

Key facts

• Brick bungalow
• Close to expressways
• Close to schools

Tags

• BRICK BUNGALOW
• HARDWOOD FLOORS
• NEW CARPET
• FENCED YARD
• CLOSE TO EXPRESSWAYS
• CLOSE TO SCHOOLS

Property features AI

Finance

• Other: Paved road access; Lot dimensions approximately 40 x 123 (0.11 acres); Subdivision: M-P-C MAYFLOWER; Directions: Joy Rd to Wyoming
• Financial info: Information not provided
• HOA & community: Information not provided

Exterior

• Parking: Detached 1-car garage
• Security: Information not provided
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry; Brick exterior
• Construction: Asphalt roof
• Exterior features: Covered porch; Lighting; Fenced yard; Shed(s)

Interior

• Kitchen: Dishwasher; Disposal; Gas range; Refrigerator; Microwave
• Bedrooms: Information not provided
• Flooring: Information not provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Dishwasher; Disposal; Free-standing gas range; Free-standing refrigerator; Microwave; Full unfinished basement; 5 total rooms
• Laundry & utility: Information not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $298 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.

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: 248 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 39% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $9k of equity ($587 loan paydown + $8k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,626 (1.5% below list)

Questions for the listing agent

1. Built in 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.33% ✓
• Cap rate: 10.50%
• Cash-on-cash: 15.03%
• DSCR: 1.67
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $51,984
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8849 Roselawn St	0.21mi	3/1.0	1,015 (+11%)	4mo	$58,000	$57	68
9115 Roselawn St	0.04mi	3/1.0	1,025 (+12%)	13mo	$50,000	$49	67
8553 Cloverlawn St	0.38mi	3/1.0	1,012 (+11%)	5mo	$84,000	$83	60
8136 Roselawn St	0.63mi	3/1.5	919 (+1%)	10mo	$65,000	$71	59
8294 Northlawn St	0.51mi	3/1.0	998 (+9%)	4mo	$52,000	$52	57
9265 Birwood St	0.64mi	3/1.0	908 (-0%)	15mo	$57,000	$63	57
8131 Greenlawn St	0.64mi	3/1.0	960 (+5%)	6mo	$26,000	$27	56
10139 Maplelawn St	0.70mi	3/1.0	912 (0%)	17mo	$15,000	$16	53
8088 Ohio St	0.68mi	3/1.0	1,002 (+10%)	1mo	$83,000	$83	51
9196 American St	0.35mi	2/1.0 (-1)	1,035 (+14%)	8mo	$90,000	$87	49
8691 Elmira St	0.66mi	3/1.0	1,001 (+10%)	10mo	$35,000	$35	45
9129 Prairie St	0.38mi	2/1.0 (-1)	792 (-13%)	13mo	$16,000	$20	44

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.4%
• Equity multiple: 3.74×
• Total profit: $65,225
• Equity at exit: $76,485

10-year hold

• IRR: 30.5%
• Equity multiple: 8.45×
• Total profit: $177,206
• Equity at exit: $164,942

Cash invested: $23,772 (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 48204

• Home prices YoY: 18.5%
• Active inventory: 248
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,129 high
• Mortgage (P&I): −$445
• Tax from tax record: −$114 /mo · $1,364/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $298

Break-even live

Break-even rent $752

Max offer price $84,900

Occupancy floor 69%

Sensitivity live

Price	-10% $346	-5% $322	+0% $298	+5% $274	+10% $250
Rent	-10% $209	-5% $253	+0% $298	+5% $342	+10% $387
Rate	-1.0pp $341	-0.5pp $319	base $298	+0.5pp $276	+1.0pp $253

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9022 Northlawn St Detroit, MI	2.0	1.0	1100	$1,300	$1.18	25d	1	0.13mi
9353 Kentucky St Detroit, MI	2.0	1.0	800	$999	$1.25	18d	1	0.34mi
8544 Cloverlawn St Detroit, MI	2.0	1.0	800	$800	$1.00	18d	1	0.39mi
8353 Alpine St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	44d	1	0.50mi
10303 Morley St #1 Detroit, MI	2.0	1.0	950	$950	$1.00	44d	1	0.61mi
10345 Crocuslawn Ave Unit 2 Detroit, MI	2.0	1.0	850	$950	$1.12	44d	1	0.69mi
9917 Woodside St Apt 1 Detroit, MI	2.0	1.0	800	$800	$1.00	44d	1	0.82mi
8762 Epworth St Unit 8768 Detroit, MI	2.0	1.0	900	$1,000	$1.11	25d	1	0.85mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	44d	1	0.89mi
8283 Pinehurst St Unit 2 Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.92mi
9789 Chenlot St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	5d	1	0.93mi
10002 Manor Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	44d	1	0.95mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	44d	1	0.95mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,423	$1.58	5d	1	1.07mi
12019 Stoepel St Detroit, MI	2.0	1.0	1000	$943	$0.94	5d	1	1.08mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	44d	1	1.15mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	44d	1	1.29mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	1.30mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	44d	1	1.35mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	25d	1	1.35mi
5398 Allendale St Detroit, MI	2.0	1.0	1100	$1,200	$1.09	24d	1	1.41mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	22d	1	1.42mi
12663 Stoepel St Unit 1 Detroit, MI	2.0	1.0	750	$975	$1.30	18d	1	1.42mi
9376 Otsego St Detroit, MI	3.0	1.0	873	$1,396	$1.60	44d	1	1.46mi
5101 Oregon St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	44d	1	1.47mi

Listing history 20 events

1. 2026-04-29
   status Pending 364-char remark

   Show marketing remark (364 chars)

   Move in ready 3 bedroom brick bungalow!! Well cared for!!Receny updated throughout!!Hardwood floors!!Recently painted!!New carpet, windows, roof, furnace, and hot water tank!! All appliances included!! Fenced yard!! Close to expressways, schools, churches and shopping!! Property is currently occupied but will be available at close!!Please allow a 24 hour notice.

2. 2026-04-29
   status Pending

   Show marketing remark (364 chars)

   Move in ready 3 bedroom brick bungalow!! Well cared for!!Receny updated throughout!!Hardwood floors!!Recently painted!!New carpet, windows, roof, furnace, and hot water tank!! All appliances included!! Fenced yard!! Close to expressways, schools, churches and shopping!! Property is currently occupied but will be available at close!!Please allow a 24 hour notice.

3. 2026-04-21
   price $84,900 364-char remark

   Show marketing remark (364 chars)

   Move in ready 3 bedroom brick bungalow!! Well cared for!!Receny updated throughout!!Hardwood floors!!Recently painted!!New carpet, windows, roof, furnace, and hot water tank!! All appliances included!! Fenced yard!! Close to expressways, schools, churches and shopping!! Property is currently occupied but will be available at close!!Please allow a 24 hour notice.

4. 2026-04-21
   price $84,900

   Show marketing remark (364 chars)

   Move in ready 3 bedroom brick bungalow!! Well cared for!!Receny updated throughout!!Hardwood floors!!Recently painted!!New carpet, windows, roof, furnace, and hot water tank!! All appliances included!! Fenced yard!! Close to expressways, schools, churches and shopping!! Property is currently occupied but will be available at close!!Please allow a 24 hour notice.

5. 2026-04-06
   listed $89,900 Active
6. 2026-04-05
   listed $89,900 Active 364-char remark

   Show marketing remark (364 chars)

   Move in ready 3 bedroom brick bungalow!! Well cared for!!Receny updated throughout!!Hardwood floors!!Recently painted!!New carpet, windows, roof, furnace, and hot water tank!! All appliances included!! Fenced yard!! Close to expressways, schools, churches and shopping!! Property is currently occupied but will be available at close!!Please allow a 24 hour notice.

7. 2007-10-29
   historical
8. 2007-10-18
   listed $20,000
9. 2007-10-18
   historical
10. 2007-10-18
    historical
11. 2007-08-18
    listed $25,000
12. 2007-08-18
    historical
13. 2007-07-20
    listed $49,500
14. 2007-07-19
    listed $25,000
15. 2007-07-13
    historical
16. 2007-06-13
    listed $49,500
17. 2007-06-13
    historical
18. 2007-05-13
    listed $50,500
19. 2007-05-13
    historical
20. 2007-02-13
    listed $55,000

ⓘ 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: $1,364 · $114/mo
• Projected year-2 tax: $1,364 · $114/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 ≥97°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: $13,550
• − Mortgage interest: −$4,756
• − Property taxes: −$1,364
• − Insurance: −$424
• − Repairs & maintenance: −$1,084
• − Management: −$1,084
• − Depreciation: −$2,470
• Taxable income: $2,368
• Est. tax owed @ 24.0%: −$568
• After-tax cash flow: $3,005/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): 20,696
• Household income: $34,468
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1418.0

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% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▲ 36.51%
• Current HPI: 234.0465
• 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

+54.4% since first listed

20 events — show timeline

• 2026-04-29 Pending — MiRealSource-MiMLS
• 2026-04-29 Pending — REALCOMP
• 2026-04-21 Price Changed $84,900 MiRealSource-MiMLS
• 2026-04-21 Price Changed $84,900 REALCOMP
• 2026-04-06 Listed $89,900 REALCOMP
• 2026-04-05 Listed $89,900 MiRealSource-MiMLS
• 2007-10-29 Listing Removed — REALCOMP
• 2007-10-18 Listing Removed — REALCOMP
• 2007-10-18 Listing Removed — MiRealSource-MiMLS
• 2007-10-18 Listed $20,000 REALCOMP
• 2007-08-18 Listing Removed — REALCOMP
• 2007-08-18 Listed $25,000 REALCOMP
• 2007-07-20 Listed $49,500 REALCOMP
• 2007-07-19 Listed $25,000 MiRealSource-MiMLS
• 2007-07-13 Listing Removed — REALCOMP
• 2007-06-13 Listing Removed — REALCOMP
• 2007-06-13 Listed $49,500 REALCOMP
• 2007-05-13 Listing Removed — REALCOMP
• 2007-05-13 Listed $50,500 REALCOMP
• 2007-02-13 Listed $55,000 REALCOMP

Property tax history

-1.5%/yr

Latest (2025): $1,364 · -5.0% YoY. Source: county tax records.