8907 Cloverlawn St · Detroit, MI 48204

$30,000

3 bd · 1.0 ba · 889 sqft · SingleFamily public records · 7 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 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

ChatGPT said:Brick single family in the Barton-McFarland area of Detroit. Solid brick shell but the interior and mechanicals need a full rehab from top to bottom. This is a cash only opportunity for investors who want a clean slate to rebuild value. The location sits near the Joy, Chicago, and Wyoming corridors with quick access to I-96 and the Southfield Freeway, giving strong connectivity for future resale or rental once renovated.

Key facts

• Solid brick shell
• Quick access to i-96
• 4,792 sq ft lot

Tags

• SOLID BRICK SHELL
• QUICK ACCESS TO I-96

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $683 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Cap rate 33.6% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 248 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% 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 $3k of equity ($207 loan paydown + $3k 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 $8k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 22y 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 $6k; list at $30k implies a 400% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,000

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: 3.75% ✓
• Cap rate: 33.59%
• Cash-on-cash: 97.51%
• DSCR: 5.34
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $64,008
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8849 Roselawn St	0.08mi	3/1.0	1,015 (+14%)	4mo	$58,000	$57	69
9020 Ohio St	0.09mi	2/1.0 (-1)	849 (-4%)	18mo	$61,100	$72	68
8566 Cloverlawn St	0.21mi	3/1.0	929 (+4%)	20mo	$78,000	$84	66
8553 Cloverlawn St	0.23mi	3/1.0	1,012 (+14%)	5mo	$84,000	$83	62
8136 Roselawn St	0.48mi	3/1.5	919 (+3%)	10mo	$65,000	$71	62
8294 Northlawn St	0.35mi	3/1.0	998 (+12%)	4mo	$52,000	$52	60
8131 Greenlawn St	0.49mi	3/1.0	960 (+8%)	6mo	$26,000	$27	58
9265 Birwood St	0.64mi	3/1.0	908 (+2%)	15mo	$57,000	$63	54
8088 Ohio St	0.53mi	3/1.0	1,002 (+13%)	1mo	$83,000	$83	53
9129 Prairie St	0.43mi	2/1.0 (-1)	792 (-11%)	13mo	$16,000	$20	46
8950 Birwood St	0.59mi	3/1.0	964 (+8%)	17mo	$102,000	$106	44
8099 Wyoming St	0.63mi	3/1.0	995 (+12%)	16mo	$130,000	$131	37

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: —
• Equity multiple: 8.12×
• Total profit: $59,827
• Equity at exit: $27,026

10-year hold

• IRR: —
• Equity multiple: 17.91×
• Total profit: $142,029
• Equity at exit: $58,283

Cash invested: $8,400 (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: 2.2×

Monthly cashflow live

• Estimated rent: $1,126 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $683

Break-even live

Break-even rent $262

Max offer price $30,000

Occupancy floor 34%

Sensitivity live

Price	-10% $703	-5% $693	+0% $683	+5% $672	+10% $662
Rent	-10% $594	-5% $638	+0% $683	+5% $727	+10% $772
Rate	-1.0pp $698	-0.5pp $690	base $683	+0.5pp $675	+1.0pp $667

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 22 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	0.04mi
8544 Cloverlawn St Detroit, MI	2.0	1.0	800	$800	$1.00	18d	1	0.25mi
8353 Alpine St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	44d	1	0.38mi
9353 Kentucky St Detroit, MI	2.0	1.0	800	$999	$1.25	18d	1	0.41mi
10303 Morley St #1 Detroit, MI	2.0	1.0	950	$950	$1.00	44d	1	0.67mi
10345 Crocuslawn Ave Unit 2 Detroit, MI	2.0	1.0	850	$950	$1.12	44d	1	0.77mi
8762 Epworth St Unit 8768 Detroit, MI	2.0	1.0	900	$1,000	$1.11	25d	1	0.83mi
8283 Pinehurst St Unit 2 Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.84mi
9917 Woodside St Apt 1 Detroit, MI	2.0	1.0	800	$800	$1.00	44d	1	0.91mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	44d	1	0.95mi
9789 Chenlot St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	5d	1	1.00mi
10002 Manor Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	44d	1	1.03mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	44d	1	1.03mi
12019 Stoepel St Detroit, MI	2.0	1.0	1000	$943	$0.94	5d	1	1.20mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,423	$1.58	5d	1	1.20mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	44d	1	1.24mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	44d	1	1.31mi
5398 Allendale St Detroit, MI	2.0	1.0	1100	$1,200	$1.09	24d	1	1.35mi
5101 Oregon St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	44d	1	1.43mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	1.43mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	25d	1	1.47mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	44d	1	1.47mi

Listing history 15 events

1. 2025-12-16
   status Pending 437-char remark

   Show marketing remark (437 chars)

   ChatGPT said:Brick single family in the Barton-McFarland area of Detroit. Solid brick shell but the interior and mechanicals need a full rehab from top to bottom. This is a cash only opportunity for investors who want a clean slate to rebuild value. The location sits near the Joy, Chicago, and Wyoming corridors with quick access to I-96 and the Southfield Freeway, giving strong connectivity for future resale or rental once renovated.

2. 2025-12-16
   status Pending 437-char remark

   Show marketing remark (437 chars)

   ChatGPT said:Brick single family in the Barton-McFarland area of Detroit. Solid brick shell but the interior and mechanicals need a full rehab from top to bottom. This is a cash only opportunity for investors who want a clean slate to rebuild value. The location sits near the Joy, Chicago, and Wyoming corridors with quick access to I-96 and the Southfield Freeway, giving strong connectivity for future resale or rental once renovated.

3. 2025-12-16
   status Pending

   Show marketing remark (437 chars)

   ChatGPT said:Brick single family in the Barton-McFarland area of Detroit. Solid brick shell but the interior and mechanicals need a full rehab from top to bottom. This is a cash only opportunity for investors who want a clean slate to rebuild value. The location sits near the Joy, Chicago, and Wyoming corridors with quick access to I-96 and the Southfield Freeway, giving strong connectivity for future resale or rental once renovated.

4. 2025-12-09
   listed $30,000 Active 437-char remark

   Show marketing remark (437 chars)

   ChatGPT said:Brick single family in the Barton-McFarland area of Detroit. Solid brick shell but the interior and mechanicals need a full rehab from top to bottom. This is a cash only opportunity for investors who want a clean slate to rebuild value. The location sits near the Joy, Chicago, and Wyoming corridors with quick access to I-96 and the Southfield Freeway, giving strong connectivity for future resale or rental once renovated.

5. 2025-12-09
   listed $30,000 Active 437-char remark

   Show marketing remark (437 chars)

   ChatGPT said:Brick single family in the Barton-McFarland area of Detroit. Solid brick shell but the interior and mechanicals need a full rehab from top to bottom. This is a cash only opportunity for investors who want a clean slate to rebuild value. The location sits near the Joy, Chicago, and Wyoming corridors with quick access to I-96 and the Southfield Freeway, giving strong connectivity for future resale or rental once renovated.

6. 2025-12-09
   listed $30,000 Active

   Show marketing remark (437 chars)

   ChatGPT said:Brick single family in the Barton-McFarland area of Detroit. Solid brick shell but the interior and mechanicals need a full rehab from top to bottom. This is a cash only opportunity for investors who want a clean slate to rebuild value. The location sits near the Joy, Chicago, and Wyoming corridors with quick access to I-96 and the Southfield Freeway, giving strong connectivity for future resale or rental once renovated.

7. 2009-05-18
   historical
8. 2009-01-23
   listed $38,500
9. 2008-03-31
   soldstatus $6,000
10. 2008-01-24
    listed $14,000
11. 2005-04-13
    soldstatus $84,000
12. 2004-12-31
    historical
13. 2004-12-15
    historical
14. 2004-08-23
    listed $76,900
15. 2004-08-23
    listed $76,900

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% 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: $13,517
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$1,081
• − Management: −$1,081
• − Depreciation: −$873
• Taxable income: $8,201
• Est. tax owed @ 24.0%: −$1,968
• After-tax cash flow: $6,222/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

-61.0% since first listed

15 events — show timeline

• 2025-12-16 Pending — MiRealSource-MiMLS
• 2025-12-16 Pending — REALCOMP
• 2025-12-16 Pending — SW Michigan MLS
• 2025-12-09 Listed $30,000 REALCOMP
• 2025-12-09 Listed $30,000 SW Michigan MLS
• 2025-12-09 Listed $30,000 MiRealSource-MiMLS
• 2009-05-18 Listing Removed — REALCOMP
• 2009-01-23 Listed $38,500 REALCOMP
• 2008-03-31 Sold (MLS) $6,000 REALCOMP
• 2008-01-24 Listed $14,000 REALCOMP
• 2005-04-13 Sold (Public Records) $84,000 Public Records
• 2004-12-31 Listing Removed — REALCOMP
• 2004-12-15 Listing Removed — MiRealSource-MiMLS
• 2004-08-23 Listed $76,900 MiRealSource-MiMLS
• 2004-08-23 Listed $76,900 REALCOMP

Property tax history

+3.0%/yr

Latest (2025): $2,389 · -14.3% YoY. Source: county tax records.