15454 Manor 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 97°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 C 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 +22.9/30.0
- ARV discount +11.6/15.0
- DSCR +7.4/10.0
- 1% rule +5.1/10.0
- Rent growth +4.0/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$120,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you'll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
Key facts
- 3,485 sq ft lot
- Built 1939
- Listed 177 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $120k.
Deal economics
- At list price, monthly cash flow is $211 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $120k).
- Recommended offer: $106k (12.0% 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: Rents rising fast (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 44% of the median local income ($33k/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 $830 of loan paydown is wiped out by about $4k 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 + 6.1% rent growth), your $34k cash investment doubles in ~10 years — after that, you're playing with house money.
Negotiation context
- It's been on market 177 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts; this cycle's ask is 7900% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 177 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.01% ✓
- Cap rate
- 8.40%
- Cash-on-cash
- 7.54%
- DSCR
- 1.34
- GRM
- 8.3
CMA / ARV
- ARV (median comp)
- $132,020
- List price
- $120,000
- Delta
- -9.10%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 15732 Manor St | 0.11mi | 3/1.0 | 930 (-4%) | 3mo | $50,000 | $54 | 86 |
| 15756 Meyers Rd | 0.15mi | 2/1.0 (-1) | 946 (-2%) | 4mo | $65,000 | $69 | 82 |
| 15754 Meyers Rd | 0.15mi | 2/1.0 (-1) | 946 (-2%) | 4mo | $65,000 | $69 | 81 |
| 15775 Indiana St | 0.55mi | 3/1.5 | 967 (0%) | 1mo | $45,000 | $47 | 72 |
| 15856 Monte Vista St | 0.26mi | 3/1.0 | 848 (-12%) | 3mo | $59,900 | $71 | 65 |
| 8539 Desoto St | 0.71mi | 3/1.0 | 988 (+2%) | 3mo | $31,529 | $32 | 61 |
| 15041 Lesure St | 0.74mi | 3/1.0 | 1,021 (+6%) | 2mo | $50,000 | $49 | 54 |
| 16503 Ilene St | 0.59mi | 2/1.0 (-1) | 1,048 (+8%) | 0mo | $115,000 | $110 | 53 |
| 16510 Littlefield St | 0.64mi | 2/1.0 (-1) | 861 (-11%) | 4mo | $45,000 | $52 | 43 |
| 15770 Stansbury St | 0.73mi | 3/1.0 | 1,100 (+14%) | 1mo | $50,000 | $45 | 42 |
| 15840 Tracey St | 0.66mi | 2/1.0 (-1) | 858 (-11%) | 4mo | $70,000 | $82 | 42 |
| 16580 Ward Ave | 0.64mi | 2/1.0 (-1) | 825 (-15%) | 1mo | $48,000 | $58 | 40 |
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 · 6.14% rent growth · sell at horizon
- IRR
- -1.6%
- Equity multiple
- 0.94×
- Total profit
- $-2,092
- Equity at exit
- $17,892
- IRR
- 11.0%
- Equity multiple
- 1.97×
- Total profit
- $32,609
- Equity at exit
- $10,375
Cash invested: $33,600 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 346
- Price-to-rent
- 8.3×
Monthly cashflow live
- Estimated rent
- $1,210 high interval (Pro) →
- Mortgage (P&I)
- −$629
- Tax from tax record
- −$65 /mo · $785/yr
- Insurance
- −$50
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$254
- Net cashflow
- $211
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
- $30,000
- Closing costs
- $3,600
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 15760 Monte Vista St Detroit, MI | 2.0 | 1.0 | 1080 | $1,250 | $1.16 | 43d | 1 | 0.14mi |
| 15388 Appoline St #203 Detroit, MI | 2.0 | 1.0 | 900 | $850 | $0.94 | 43d | 1 | 0.14mi |
| 15512 Mendota St Apt 2 Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 43d | 1 | 0.16mi |
| 15512 Mendota St Detroit, MI | 2.0 | 1.0 | 931 | $1,200 | $1.29 | 5d | 1 | 0.16mi |
| 15738 Sorrento Ave Detroit, MI | 3.0 | 1.0 | 762 | $1,175 | $1.54 | 43d | 1 | 0.25mi |
| 15765 Washburn St Detroit, MI | 2.0 | 1.0 | 1093 | $950 | $0.87 | 43d | 1 | 0.38mi |
| 14881 Mendota St Detroit, MI | 3.0 | 1.0 | 1026 | $1,100 | $1.07 | 24d | 1 | 0.44mi |
| 16204 Steel St Detroit, MI | 3.0 | 1.0 | 969 | $1,150 | $1.19 | 43d | 1 | 0.46mi |
| 15839 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 17d | 1 | 0.51mi |
| 15340 Hartwell St Detroit, MI | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 16d | 1 | 0.53mi |
| 15878 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $900 | $1.12 | 43d | 1 | 0.55mi |
| 16503 Ward Ave Unit 2 Detroit, MI | 2.0 | 1.0 | 700 | $850 | $1.21 | 43d | 1 | 0.59mi |
| 14847 Cheyenne St Detroit, MI | 3.0 | 2.0 | 849 | $1,150 | $1.35 | 17d | 1 | 0.59mi |
| 15777 Wisconsin St Unit 77 Detroit, MI | 2.0 | 1.0 | 900 | $950 | $1.06 | 5d | 1 | 0.59mi |
| 14891 Hartwell St Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 43d | 1 | 0.68mi |
| 15517 Lesure St Unit BDRM1A Detroit, MI | 2.0 | 1.0 | 1000 | $850 | $0.85 | 24d | 1 | 0.70mi |
| 15387 Lesure St Detroit, MI | 3.0 | 1.0 | 1064 | $1,350 | $1.27 | 12d | 1 | 0.70mi |
| 16230 Indiana St Unit 2 Detroit, MI | 2.0 | 1.0 | 1050 | $1,200 | $1.14 | 17d | 1 | 0.70mi |
| 14903 Tracey St Detroit, MI | 3.0 | 1.0 | 1004 | $1,100 | $1.10 | 16d | 1 | 0.76mi |
| 17150 Meyers Rd Detroit, MI | 1.0–2.0 | 1.0 | 775 | $975 | $1.26 | 43d | 2 | 0.89mi |
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 11d | 1 | 0.90mi |
| 14570 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 840 | $1,250 | $1.49 | 12d | 1 | 0.93mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 16d | 1 | 0.98mi |
| 15771 Turner St Detroit, MI | 2.0 | 1.0 | 1000 | $1,049 | $1.05 | 43d | 1 | 0.99mi |
| 14656 Roselawn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 1.01mi |
| 15073 Strathmoor St Detroit, MI | 2.0 | 1.0 | 860 | $1,350 | $1.57 | 16d | 1 | 1.06mi |
| 17159 Northlawn St Unit 17161 Detroit, MI | 2.0 | 1.0 | 1122 | $975 | $0.87 | 5d | 1 | 1.15mi |
| 14284 Cruse St Detroit, MI | 3.0 | 1.0 | 1121 | $1,150 | $1.03 | 16d | 1 | 1.15mi |
| 7350 Globe St Detroit, MI | 3.0 | 1.0 | 1000 | $1,550 | $1.55 | 3d | 1 | 1.20mi |
| 14559 Strathmoor St Detroit, MI | 2.0 | 1.0 | 1033 | $1,150 | $1.11 | 20d | 1 | 1.20mi |
| 15341 Lauder St Detroit, MI | 4.0 | 1.5 | 1080 | $1,475 | $1.37 | 16d | 1 | 1.22mi |
| 16722 Tuller St Detroit, MI | 3.0 | 1.5 | 1100 | $1,500 | $1.36 | 16d | 1 | 1.26mi |
| 15328 Coyle St Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 17d | 1 | 1.32mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,375 | $1.38 | 24d | 1 | 1.32mi |
| 15330 Coyle St Unit 1 Detroit, MI | 3.0 | 1.0 | 1000 | $1,425 | $1.43 | 12d | 1 | 1.32mi |
| 15330 Coyle St Unit 2 Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 24d | 1 | 1.32mi |
| 15468 Sussex St #2 Detroit, MI | 2.0 | 1.0 | 900 | $1,250 | $1.39 | 43d | 1 | 1.37mi |
| 18010 Lesure St Detroit, MI | 3.0 | 1.0 | 1010 | $1,550 | $1.53 | 24d | 1 | 1.39mi |
| 14950 Stoepel St Detroit, MI | 2.0 | 1.0 | 600 | $900 | $1.50 | 24d | 1 | 1.43mi |
| 15100 Whitcomb St Detroit, MI | 2.0 | 1.0 | 750 | $925 | $1.23 | 43d | 1 | 1.45mi |
Listing history 12 events
-
2026-05-12price $120,000 711-char remark
Show marketing remark (717 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you’ll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2026-05-12price $120,000 717-char remark
Show marketing remark (717 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you’ll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2026-04-06status Active 711-char remark
Show marketing remark (717 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you’ll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2026-04-06status Active 717-char remark
Show marketing remark (717 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you’ll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2026-03-28status Pending 711-char remark
Show marketing remark (717 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you’ll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2026-03-28status Pending 717-char remark
Show marketing remark (717 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you’ll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2026-02-28$1,500
-
2025-12-17price $137,500 711-char remark
Show marketing remark (711 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you'll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2025-12-16price $137,500 717-char remark
Show marketing remark (717 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you’ll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2025-11-20$145,000 Active 711-char remark
Show marketing remark (711 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you'll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2025-11-20$145,000 Active 717-char remark
Show marketing remark (711 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you'll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
-
2025-11-20historical $145,000 711-char remark
Show marketing remark (711 chars)
Generously sized and freshly updated Detroit bungalow, offering move-in-ready comfort and thoughtful improvements from top to bottom. Inside, you'll find brand-new carpet throughout and freshly painted rooms and features a long list of recent upgrades, including chimney repairs with new bricks and mortar, updated electrical plugs, new light fixtures, and new bathroom and dining room windows. Outside, enjoy a fully fenced yard, along with a sizable shed for additional storage. This bungalow also offers a finished basement including a half bath, laundry, and storage rooms. With its roomy interior, clean finishes, and extensive updates, this bungalow offers outstanding value and comfortable living. BATVAI
ⓘ 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
- $785 · $65/mo
- Projected year-2 tax
- $1,317 · $110/mo
- Expected delta
- +$531/yr (+$44/mo · 67.7%)
ⓘ 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $14,519
- − Mortgage interest
- −$6,722
- − Property taxes
- −$785
- − Insurance
- −$600
- − Repairs & maintenance
- −$1,161
- − Management
- −$1,161
- − Depreciation
- −$3,491
- Taxable income
- $598
- Est. tax owed @ 24.0%
- −$143
- After-tax cash flow
- $2,390/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)
- 24,731
- Household income
- $33,315
- Rent vs Own
- Severe rent burden
- 2172.0
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% Two or more races 3% White 1%
- Foreign-born
- 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
- ▼ -31.96%
- Current HPI
- 189.6227
- Rent YoY
- ▲ 6.14%
- 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
-17.2% since first listed12 events — show timeline
- 2026-05-12 Price Changed $120,000 MiRealSource-MiMLS
- 2026-05-12 Price Changed $120,000 REALCOMP
- 2026-04-06 Relisted — MiRealSource-MiMLS
- 2026-04-06 Relisted — REALCOMP
- 2026-03-28 Pending — MiRealSource-MiMLS
- 2026-03-28 Pending — REALCOMP
- 2026-02-28 Listed for Rent $1,500 RENTEC
- 2025-12-17 Price Changed $137,500 MiRealSource-MiMLS
- 2025-12-16 Price Changed $137,500 REALCOMP
- 2025-11-20 Listed $145,000 MiRealSource-MiMLS
- 2025-11-20 Listed $145,000 REALCOMP
- 2025-11-20 Coming Soon $145,000 MiRealSource-MiMLS
Property tax history
-1.5%/yrLatest (2025): $785 · -10.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…