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1300 E Lafayette #2409
D Composite 41.56
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).

  • ARV discount +15.0/15.0
  • 1% rule +6.4/10.0
  • Schools +4.8/10.0
  • Condition / age +4.8/5.0
  • Livability +3.7/5.0
  • Appreciation +3.6/10.0
  • Rent growth +3.4/5.0
  • Cash flow +0.0/30.0
  • DSCR +0.0/10.0

$179,900

1300 E Lafayette #2409 · Detroit, MI 48207
2 bd · 2.0 ba · 1,305 sqft · Condo · 111 Days on market
Built 1964 Excellent condition Garage $138/sqft · 25% below area Est $241k · 25% under $1924/mo HOA · 94% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Experience low-maintenance, high-rise living in the heart of Detroit's iconic Lafayette Park. This 2-bedroom, 2-bath combined residence offers expansive city views, abundant natural light, and a functional layout designed for easy everyday living or a convenient City retreat. You must see the sweeping skyline views from the 24th floor - they are the true showstopper. The open living and dining space is ideal for relaxing or entertaining, while the efficient kitchen keeps everything within reach - perfect for a simplified, lock-and-leave lifestyle. Both bedrooms are generously sized, including a primary suite with in-unit laundry and ensuite bath. Residents enjoy a maintenance-free lifestyle with heat, water, cable, property taxes, 24-hour security, and access to a recently updated pool, tennis courts, and fitness center all included in the monthly HOA. Whether you're looking for a full-time home or an easy, low-maintenance city retreat, this location puts you just steps away from downtown, the Riverwalk, and everything Detroit has to offer.

Key facts

  • Quartz countertops
  • Walk-in closet
  • Ensuite bath

Tags

UNOBSTRUCTED VIEWSOPEN-CONCEPT LIVING SPACESTAINLESS-STEEL APPLIANCESQUARTZ COUNTERTOPSWALK-IN CLOSETENSUITE BATH

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $180k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-2k ($-19k/yr) — negative.
  • Rent doesn't cover operating costs at any purchase price — skip.
  • Meets the 1% rule at list price ($2k rent vs $180k).
  • Recommended offer: $164k (9.0% below list) — sets the bar for market timing.
  • Cap rate -4.0% vs local median 9.9% 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: 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.
  • Zoned schools: Chrysler Elementary School (math 75% / reading 75%, grade A, #34 of 1,397 statewide, top 3%, 136 students, 78% FRL); Martin Luther King Jr Senior High School (math 10% / reading 30%, grade F, #596 of 713 statewide, top 86%, 821 students, 73% FRL).
  • Zoned-school proficiency averages 48% at this address vs 17% district-wide (+30 pts) — the actual schools serving this property are materially stronger than the Detroit Public Schools Community District average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: Rents rising (+3.5%/yr); 116 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • At $2,054/mo this rent would consume 52% of the median local household income ($48k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-2.8%/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 111 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 5y 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 $30k; list at $180k implies a 510% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: HOA is 94% of rent.
Recommended offer $163,709 (9.0% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  3. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. 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?
  10. 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?
  11. 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.
  12. 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.
  13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.14% ✓
Cap rate
-4.01%
Cash-on-cash
-36.79%
DSCR
-0.64
GRM
7.3

CMA / ARV

ARV (median comp)
$241,134
List price
$179,900
Delta
-25.39%
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
1300 E Lafayette #2409 0.00mi 2/2.0 1,305 (0%) 0mo $160,515 $123 100
1300 E Lafayette St #912 0.03mi 2/2.0 1,210 (-7%) 0mo $160,000 $132 86
1300 E Lafayette St #412 0.03mi 2/2.0 1,138 (-13%) 1mo $165,000 $145 76
1414 Joliet Pl 0.11mi 3/1.5 (+1) 1,400 (+7%) 2mo $370,000 $264 74
525 W Lafayette Blvd Unit 12E 1.09mi 2/2.0 1,238 (-5%) 2mo $390,000 $315 55
1058 Hampton Cir #74 0.39mi 2/2.5 1,618 (+24%) 1mo $474,490 $293 54
250 E Harbortown Dr #703 1.26mi 2/2.0 1,214 (-7%) 0mo $270,000 $222 53
1049 Hampton Cir #44 0.37mi 3/2.5 (+1) 1,618 (+24%) 1mo $425,000 $263 50
1001 W Jefferson Ave Unit 7B Ave 0.79mi 2/2.0 1,201 (-8%) 2mo $320,000 $266 50
1061 Hampton Cir 0.38mi 3/2.5 (+1) 1,618 (+24%) 0mo $499,900 $309 50
3670 UNIT 412 Woodward Ave 1.46mi 2/2.0 1,180 (-10%) 2mo $300,000 $254 48
200 River Place Dr #33 0.92mi 1/1.0 (-1) 1,072 (-18%) 2mo $259,000 $242 30

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

Projected returns pro-forma

-2.79% appreciation · 3.53% rent growth · sell at horizon

5-year hold
IRR
-96.2%
Equity multiple
-1.45×
Total profit
$-123,614
Equity at exit
$28,501
10-year hold
IRR
—
Equity multiple
-3.44×
Total profit
$-223,440
Equity at exit
$18,451

Cash invested: $50,372 (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 →

Active competition Active MLS

For sale now
0 active · 3 under contract

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 48207

Home prices YoY
-2.0%
Rents YoY
3.5%
Active inventory
116
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$2,054 high interval (Pro) →
Mortgage (P&I)
−$943
Tax est. 1.5%
−$225 /mo · $2,698/yr
Insurance
−$75
HOA
−$1,924
Vacancy / Maint / Mgmt
−$431
Net cashflow
$-1,544

Break-even live

Break-even rent $4,009
Max offer price —
Occupancy floor —

Sensitivity live

Price -10% $-1,420 -5% $-1,482 +0% $-1,544 +5% $-1,606 +10% $-1,669
Rent -10% $-1,707 -5% $-1,625 +0% $-1,544 +5% $-1,463 +10% $-1,382
Rate -1.0pp $-1,454 -0.5pp $-1,498 base $-1,544 +0.5pp $-1,591 +1.0pp $-1,638

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
$44,975
Closing costs
$5,397
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1387 Larned St Detroit, MI 1.0–2.0 1.0–1.5 925 $1,599 $1.73 13d 6 0.10mi
1544 1566 E LAFAYETTE St Detroit, MI 2.0 1.0–2.0 865 $2,515 $2.91 9d 21 0.15mi
1531 Larned St Detroit, MI 1.0 1.0–1.5 840 $1,380 $1.64 93d 1 0.18mi
1405 Rivard St Detroit, MI 2.0 1.0–2.0 665 $2,480 $3.73 16d 8 0.22mi
1001 E Jefferson Ave Detroit, MI 2.0 1.0 615 $2,265 $3.68 93d 20 0.24mi
1001 E Jefferson Ave Detroit, MI 2.0 1.0 615 $2,050 $3.33 10d 9 0.24mi
1 Lafayette Plaisance St Detroit, MI 2.0 1.0 840 $2,356 $2.80 9d 25 0.28mi
229 Orleans St Detroit, MI 1.0–2.0 1.0–2.5 1087 $2,676 $2.46 9d 10 0.39mi
1410 Gratiot Ave Unit 202 Detroit, MI 1.0 1.0 1100 $1,995 $1.81 93d 1 0.51mi
1989 Orleans St Detroit, MI 2.0 2.0 964 $1,700 $1.76 93d 1 0.52mi
555 Brush St Unit 1615 Detroit, MI 2.0 1.0 1020 $1,715 $1.68 93d 1 0.56mi
555 Brush St Unit : 1017 Detroit, MI 2.0 1.0 1020 $1,495 $1.47 93d 1 0.57mi
555 Brush St Unit 2706 Detroit, MI 2.0 2.0 1410 $2,075 $1.47 93d 1 0.57mi
555 Brush St Unit : 3007 Detroit, MI 1.0 1.0 925 $1,850 $2.00 93d 1 0.57mi
555 Brush St Unit 2912 Detroit, MI 2.0 2.0 1265 $1,860 $1.47 93d 1 0.57mi
555 Brush St Unit 3104 Detroit, MI 2.0 2.0 1020 $2,195 $2.15 93d 1 0.57mi
310 Gratiot Ave Detroit, MI 2.0 1.0–2.0 753 $3,635 $4.83 69d 13 0.58mi
1323 Broadway St Detroit, MI 2.0 1.0–2.0 1650 $2,500 $1.52 18d 1 0.65mi
600 Woodward Ave Detroit, MI 1.0–2.0 1.5–2.5 1325 $6,790 $5.12 13d 6 0.74mi
2001 Chene St Detroit, MI 1.0–2.0 1.0 900 $1,069 $1.19 36d 1 0.77mi
10 Witherell St Detroit, MI 2.0 1.0–2.0 770 $2,580 $3.35 10d 5 0.80mi
10 Grand River Ave Detroit, MI 1.0 1.0 850 $1,825 $2.15 10d 4 0.81mi
1150 Griswold St Detroit, MI 3.0 1.0–3.0 1539 $5,282 $3.43 10d 3 0.81mi
1214 Griswold St Detroit, MI 1.0 1.0 757 $1,938 $2.56 9d 28 0.81mi
1212 Griswold St Unit 1024685P Detroit, MI 2.0 2.0 1291 $11,873 $9.20 73d 1 0.81mi
1212 Griswold St Unit 0702 Detroit, MI 1.0 1.0 875 $1,850 $2.11 73d 1 0.81mi
35 W Grand River Ave Detroit, MI 1.0–2.0 1.0–1.5 757 $2,275 $3.00 21d 4 0.81mi
2280 E Vernor Hwy Detroit, MI 2.0–3.0 2.0 922 $895 $0.97 36d 1 0.83mi
1133 Griswold St Detroit, MI 2.0 2.0 956 $2,400 $2.51 73d 1 0.83mi
500 River Pl Dr Detroit, MI 1.0–2.0 1.0–2.0 950 $1,900 $2.00 22d 1 0.84mi
111 State St Unit 1024679P Detroit, MI 2.0 2.0 1248 $7,718 $6.18 61d 1 0.85mi
111 State St Unit 1024673P Detroit, MI 2.0 2.0 1291 $8,342 $6.46 73d 1 0.85mi
1145 Griswold St Detroit, MI 2.0 2.0 956 $2,400 $2.51 42d 1 0.85mi
1215 Griswold St Detroit, MI 2.0–3.0 2.0 912 $2,395 $2.62 21d 2 0.86mi
76 W Adams Ave Detroit, MI 1.0–2.0 1.0–2.0 881 $2,669 $3.03 9d 8 0.94mi
76 W Adams Ave Detroit, MI 1.0–2.0 1.0–2.0 881 $2,413 $2.74 42d 9 0.94mi
415 Clifford St Detroit, MI 2.0 1.0 726 $1,925 $2.65 22d 10 0.96mi
66 Winder St Detroit, MI 1.0 1.0 900 $2,100 $2.33 61d 1 0.97mi
66 Winder St #458 Detroit, MI 2.0 2.0 1300 $2,600 $2.00 73d 1 0.97mi
150 Bagley St Detroit, MI 1.0–2.0 1.0–2.5 960 $4,100 $4.27 67d 1 0.98mi

Property features AI

Finance

Other
Directions: I-75 to E. Lafayette, East on Lafayette to 1300 E. LafayetteCross street: E Lafayette between Rivard and Orleans
HOA & community
Homeowners association with monthly feeMonthly association fee covers cable TV, gas, grounds maintenance, structure maintenance, security, sewer, snow removal, trash, and waterCommunity features include pool, gated access, and fitness center

Exterior

Parking
Attached garage with 6 spacesAssigned parkingElectric vehicle charging station(s)
Security
Gated communityCommunity security included in association
Utilities
Public waterPublic sewerWater service available
Home design
Residential stock cooperativeOne levelGround-level entry
Construction
Concrete constructionBlock and pillar/post/pier foundation
Exterior features
PatioOutdoor in-ground community poolPaved roadsGated community

Interior

Kitchen
DishwasherFree-standing electric rangeMicrowaveFree-standing refrigeratorStainless steel appliances
Bathrooms
2 full bathrooms
Heating & cooling
Forced air heatingHeat pumpCooling not provided
Interior features
Finished basement4 total rooms
Laundry & utility
In-unit washer and dryer

HOA detail $1,924/mo · $23,088/yr condo

Likely covers
watercablepoolgymsecurity
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-07-30
    days on market $179,900 Active 111 DOM
  2. 2026-07-28
    days on market $179,900 Active 110 DOM
  3. 2026-07-26
    days on market $179,900 Active 108 DOM
  4. 2026-07-24
    days on market $179,900 Active 106 DOM
  5. 2026-07-23
    remarks 699-char remark
  6. 2026-07-23
    listing id $179,900 Active 105 DOM
  7. 2026-07-23
    days on market $179,900 Active 105 DOM
  8. 2026-07-22
    days on market $179,900 Active 104 DOM
  9. 2026-07-21
    days on market $179,900 Active 103 DOM
  10. 2026-07-20
    days on market $179,900 Active 102 DOM
  11. 2026-07-18
    days on market $179,900 Active 100 DOM
  12. 2026-07-18
    days on market $179,900 Active 99 DOM
  13. 2026-07-16
    days on market $179,900 Active 98 DOM
  14. 2026-07-15
    days on market $179,900 Active 97 DOM
  15. 2026-07-14
    days on market $179,900 Active 96 DOM
  16. 2026-07-13
    days on market $179,900 Active 95 DOM
  17. 2026-07-13
    days on market $179,900 Active 94 DOM
  18. 2026-07-11
    days on market $179,900 Active 93 DOM
  19. 2026-07-10
    days on market $179,900 Active 92 DOM
  20. 2026-07-09
    days on market $179,900 Active 91 DOM
  21. 2026-07-07
    days on market $179,900 Active 89 DOM
  22. 2026-07-06
    days on market $179,900 Active 88 DOM
  23. 2026-07-06
    days on market $179,900 Active 87 DOM
  24. 2026-07-05
    days on market $179,900 Active 86 DOM
  25. 2026-07-03
    days on market $179,900 Active 85 DOM
  26. 2026-07-02
    days on market $179,900 Active 84 DOM
  27. 2026-07-01
    days on market $179,900 Active 83 DOM
  28. 2026-06-30
    days on market $179,900 Active 82 DOM
  29. 2026-06-29
    days on market $179,900 Active 81 DOM
  30. 2026-06-28
    days on market $179,900 Active 80 DOM
  31. 2026-06-27
    days on market $179,900 Active 79 DOM
  32. 2026-06-26
    days on market $179,900 Active 78 DOM
  33. 2026-06-24
    days on market $179,900 Active 76 DOM
  34. 2026-06-22
    days on market $179,900 Active 74 DOM
  35. 2026-06-21
    days on market $179,900 Active 73 DOM
  36. 2026-06-18
    days on market $179,900 Active 70 DOM
  37. 2026-06-17
    days on market $179,900 Active 69 DOM
  38. 2026-06-15
    days on market $179,900 Active 67 DOM
  39. 2026-06-13
    days on market $179,900 Active 65 DOM
  40. 2026-06-13
    days on market $179,900 Active 64 DOM
  41. 2026-06-09
    days on market $179,900 Active 61 DOM
  42. 2026-06-08
    days on market $179,900 Active 60 DOM
  43. 2026-06-07
    days on market $179,900 Active 59 DOM
  44. 2026-06-04
    days on market $179,900 Active 56 DOM
  45. 2026-06-03
    days on market $179,900 Active 55 DOM
  46. 2026-06-02
    days on market $179,900 Active 54 DOM
  47. 2026-06-01
    days on market $179,900 Active 53 DOM
  48. 2026-05-31
    days on market $179,900 Active 52 DOM
  49. 2026-04-09
    listed $179,900 Active 1068-char remark
    Show marketing remark (1056 chars)

    Experience low-maintenance, high-rise living in the heart of Detroit's iconic Lafayette Park. This 2-bedroom, 2-bath combined residence offers expansive city views, abundant natural light, and a functional layout designed for easy everyday living or a convenient City retreat. You must see the sweeping skyline views from the 24th floor - they are the true showstopper. The open living and dining space is ideal for relaxing or entertaining, while the efficient kitchen keeps everything within reach - perfect for a simplified, lock-and-leave lifestyle. Both bedrooms are generously sized, including a primary suite with in-unit laundry and ensuite bath. Residents enjoy a maintenance-free lifestyle with heat, water, cable, property taxes, 24-hour security, and access to a recently updated pool, tennis courts, and fitness center all included in the monthly HOA. Whether you're looking for a full-time home or an easy, low-maintenance city retreat, this location puts you just steps away from downtown, the Riverwalk, and everything Detroit has to offer.

  50. 2026-04-09
    listed $179,900 Active 1056-char remark
    Show marketing remark (1056 chars)

    Experience low-maintenance, high-rise living in the heart of Detroit's iconic Lafayette Park. This 2-bedroom, 2-bath combined residence offers expansive city views, abundant natural light, and a functional layout designed for easy everyday living or a convenient City retreat. You must see the sweeping skyline views from the 24th floor - they are the true showstopper. The open living and dining space is ideal for relaxing or entertaining, while the efficient kitchen keeps everything within reach - perfect for a simplified, lock-and-leave lifestyle. Both bedrooms are generously sized, including a primary suite with in-unit laundry and ensuite bath. Residents enjoy a maintenance-free lifestyle with heat, water, cable, property taxes, 24-hour security, and access to a recently updated pool, tennis courts, and fitness center all included in the monthly HOA. Whether you're looking for a full-time home or an easy, low-maintenance city retreat, this location puts you just steps away from downtown, the Riverwalk, and everything Detroit has to offer.

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$24,653
− Mortgage interest
−$10,077
− Property taxes
−$2,698
− Insurance
−$900
− Repairs & maintenance
−$1,972
− Management
−$1,972
− HOA
−$23,088
− Depreciation
−$5,233
Taxable loss
−$21,288
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$5,109
After-tax cash flow
$-13,422/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.

Condition & rehab AI · 6 photos

Excellent 95/100 None rehab

This 2-bedroom, 2-bath condo in Detroit's iconic Lafayette Park is in excellent condition with no visible repairs needed. It offers modern amenities, expansive city views, and a functional layout, making it an ideal lock-and-leave lifestyle option.

Value-add opportunities

  • Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
  • Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
  • Resale Updating the kitchen appliances — Modern appliances can attract more buyers and increase the home's value. ↑
  • Both Adding smart home features — Smart home features can increase convenience and appeal to a wider range of potential buyers/tenants. ↑
  • Both Upgrading the HVAC system — A new HVAC system can improve comfort and energy efficiency, attracting more buyers/tenants and increasing the home's value. ↑
F Composite school gradezoned avg 48/100

Zoned Schools

Elementary Chrysler Elementary School A MI #34/1,397 Nat'l #2,065/41,679 High Martin Luther King Jr Senior High School F MI #596/713 Nat'l #14,027/17,239

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
B Composite livability gradescore 73/100

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 · 1,675,273 people
City population
572,865
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
20,848
Household income
$47,831
Rent vs Own
74.2% rent · 25.8% own
Severe rent burden
10% of renters

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 (74%)
Race & ethnicity
Black 74% White 18% Two or more races 4% Asian 3% Hispanic / Latino 2%
Common ancestry
Romanian 2% Italian 1% Lithuanian 1%
Foreign-born
5% · Canada, South Korea
Languages at home
94% English-only · Spanish 2% Other Indo-European 1% Arabic 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
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Price history

+118.1% since first listed
17 events — show timeline
  • 2026-04-09 Listed $179,900 REALCOMP
  • 2026-04-09 Listed $179,900 MiRealSource-MiMLS
  • 2022-08-12 Sold (MLS) $29,500 MiRealSource-MiMLS
  • 2022-08-12 Sold (MLS) $29,500 Greater Lansing AoR
  • 2022-08-12 Sold (MLS) $29,500 REALCOMP
  • 2022-07-28 Listing Removed — REALCOMP
  • 2022-05-23 Pending — MiRealSource-MiMLS
  • 2022-05-23 Pending — REALCOMP
  • 2022-03-10 Price Changed $72,500 MiRealSource-MiMLS
  • 2022-03-09 Price Changed $72,500 REALCOMP
  • 2022-02-25 Relisted — REALCOMP
  • 2022-02-15 Listing Removed — REALCOMP
  • 2022-01-03 Listed $82,500 MiRealSource-MiMLS
  • 2022-01-03 Listed $82,500 REALCOMP
  • 2021-12-31 Coming Soon $82,500 MiRealSource-MiMLS
  • 2021-12-31 Listed $72,500 Greater Lansing AoR
  • 2021-12-31 Coming Soon $82,500 REALCOMP

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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