11670 Marlowe St · Detroit, MI 48227

$125,000

3 bd · 1.0 ba · 1,114 sqft · SingleFamily public records · 6 Days on market

Built 1937 4,356 sqft lot ↓ 17% since listing

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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 +20.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +6.1/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * WOW 1100+ SQ FT 3 BEDROOM BRICK BUNGALOW IN DETROIT * * NICE KITCHEN WITH ALL APPLIANCES STAYING * * NICE SIZE DINING AREA * * SPACIOUS LIVING ROOM * * 2 BEDROOMS ON 1ST FLOOR WITH CONVENIENT FULL BATH * * LARGE MASTER BEDROOM UPSTAIRS * * PARTIALLY FINISHED BASEMENT WITH BATHROOM AND SEPARATE LAUNDRY AREA * * HOME CURRENTLY USED AS AN AIR BNB * * PERFECT OPPORTUNITY TO ADD TO YOUR AIR BNB PORTFOLIO * * SEE AGENT FOR AIR BNB FINANCIAL REPORTS * * EXTRA LARGE YARD WITH MATURE LANDSCAPING AROUND ENTIRE HOME * * CLOSE TO SHOPPING, RESTAURANTS, AND ALL MAJOR HIGHWAYS * *

Key facts

• Brick bungalow
• Living room
• Dining area

Tags

• BRICK BUNGALOW
• KITCHEN WITH APPLIANCES
• DINING AREA
• LIVING ROOM
• PARTIALLY FINISHED BASEMENT
• SEPARATE LAUNDRY AREA

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level with ground-level entry and steps; Brick construction
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Paved road access; Lot approximately 0.10 acres (40 x 107)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Partially finished basement; Total of 3 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $160 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Cap rate 7.8% 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 fast (+5.6%/yr); 385 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
• At $1,385/mo this rent would consume 45% of the median local household income ($37k/yr) (locally 2371% 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 $864 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.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 22 sale attempts since 3y 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.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,000

Questions for the listing agent

1. Built in 1937 — 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: 1.11% ✓
• Cap rate: 7.83%
• Cash-on-cash: 5.50%
• DSCR: 1.24
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $50,130
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11431 Marlowe St	0.11mi	3/1.0	1,172 (+5%)	6mo	$48,000	$41	82
11669 Strathmoor St	0.09mi	3/1.0	974 (-13%)	2mo	$30,000	$31	73
9930 Whitcomb St	0.50mi	3/1.0	1,078 (-3%)	2mo	$35,000	$32	70
9599 Whitcomb St	0.59mi	3/1.0	1,060 (-5%)	1mo	$55,000	$52	63
9371 Lauder St	0.66mi	3/1.0	1,100 (-1%)	5mo	$40,250	$37	63
9606 Sussex St	0.54mi	3/2.0	1,060 (-5%)	4mo	$76,000	$72	60
13209 Terry St	0.73mi	3/1.5	1,044 (-6%)	2mo	$54,500	$52	52
12057 Forrer St	0.67mi	3/1.0	1,000 (-10%)	1mo	$45,000	$45	51
9987 Winthrop St	0.62mi	3/1.5	1,218 (+9%)	5mo	$40,000	$33	50
12832 Terry St	0.63mi	3/1.0	981 (-12%)	4mo	$40,000	$41	47
9576 Hubbell St	0.50mi	3/2.0	1,270 (+14%)	6mo	$134,900	$106	44
9973 Winthrop St	0.62mi	3/1.0	960 (-14%)	5mo	$75,000	$78	44

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.82×
• Total profit: $-6,272
• Equity at exit: $18,638

10-year hold

• IRR: 8.0%
• Equity multiple: 1.68×
• Total profit: $23,975
• Equity at exit: $10,808

Cash invested: $35,000 (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

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48227

• Rents YoY: 5.6%
• Active inventory: 385
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,385 high
• Mortgage (P&I): −$656
• Tax from tax record: −$226 /mo · $2,713/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $160

Break-even live

Break-even rent $1,182

Max offer price $125,000

Occupancy floor 83%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11431 Marlowe St Detroit, MI	3.0	1.0	1172	$1,400	$1.19	16d	1	0.12mi
12039 Lauder St Detroit, MI	3.0	1.5	1000	$1,500	$1.50	24d	1	0.13mi
12014 Terry St Detroit, MI	2.0	1.0	1361	$1,200	$0.88	43d	1	0.13mi
11634 Sussex St Detroit, MI	3.0	1.0	1091	$1,326	$1.22	24d	1	0.26mi
10015 Robson St Detroit, MI	3.0	2.0	1000	$1,400	$1.40	18d	1	0.34mi
11397 Whitcomb St Detroit, MI	3.0	1.0	1070	$1,400	$1.31	16d	1	0.37mi
11393 Prest St Detroit, MI	3.0	1.0	900	$1,550	$1.72	16d	1	0.43mi
9917 Sussex St Detroit, MI	2.0	1.0	800	$1,375	$1.72	43d	1	0.48mi
9590 Marlowe St Detroit, MI	2.0	1.0	877	$1,430	$1.63	43d	1	0.49mi
11345 Greenfield Rd Detroit, MI	2.0	1.0	700	$1,050	$1.50	12d	1	0.50mi
12754 Marlowe St Detroit, MI	3.0	2.0	1008	$1,400	$1.39	16d	1	0.57mi
9501 Lauder St Detroit, MI	3.0	2.0	1152	$1,350	$1.17	43d	1	0.57mi
13717 Keal St Detroit, MI	2.0	1.0	799	$1,000	$1.25	43d	1	0.57mi
14740 W Chicago Unit B Detroit, MI	2.0	1.0	900	$845	$0.94	43d	1	0.58mi
9546 Sussex St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	43d	1	0.59mi
12121 Montrose St Detroit, MI	3.0	1.0	874	$1,373	$1.57	22d	1	0.61mi
9973 Winthrop St Detroit, MI	3.0	1.0	960	$1,400	$1.46	43d	1	0.61mi
9936 Montrose St Detroit, MI	3.0	1.0	963	$1,200	$1.25	16d	1	0.66mi
9386 Coyle St Detroit, MI	3.0	1.0	1000	$1,300	$1.30	2d	1	0.68mi
11641 Mansfield St Unit 2 Detroit, MI	3.0	1.0	1449	$1,300	$0.90	43d	1	0.76mi
13279 Coyle St Detroit, MI	3.0	1.0	1444	$1,373	$0.95	43d	1	0.80mi
13331 Strathmoor St Detroit, MI	3.0	1.0	1084	$1,100	$1.01	16d	1	0.83mi
9589 Mansfield St Detroit, MI	4.0	1.0	1250	$1,500	$1.20	5d	1	0.90mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	43d	1	0.94mi
9222 Forrer St Detroit, MI	3.0	1.0	947	$1,450	$1.53	16d	1	0.94mi
9345 Rutherford St Unit 3 Detroit, MI	2.0	1.0	850	$1,050	$1.24	24d	1	0.98mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	43d	1	1.03mi
9355 Ward St Detroit, MI	3.0	1.0	1200	$1,327	$1.11	43d	1	1.04mi
9220 Mansfield St Detroit, MI	3.0	1.0	1200	$1,300	$1.08	43d	1	1.07mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	5d	1	1.11mi
10030 Abington Ave Detroit, MI	4.0	2.0	1350	$1,475	$1.09	11d	1	1.14mi
10002 Manor Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	43d	1	1.17mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	43d	1	1.17mi
8604 Whitcomb St Detroit, MI	3.0	2.0	1033	$1,300	$1.26	43d	1	1.19mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	43d	1	1.20mi
12711 Grandmont Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	18d	1	1.20mi
12840 Grandmont Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	43d	1	1.22mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	43d	1	1.23mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	16d	1	1.31mi
8331 Whitcomb St Detroit, MI	4.0	1.0	1342	$1,350	$1.01	22d	1	1.32mi

Listing history 6 events

1. 2026-06-18
   days on market $125,000 Active 6 DOM
2. 2026-06-17
   days on market $125,000 Active 5 DOM
3. 2026-06-16
   days on market $125,000 Active 4 DOM
4. 2026-06-15
   days on market $125,000 Active 3 DOM
5. 2026-06-13
   remarks 590-char remark
6. 2026-06-13
   listed $125,000 Active 1 DOM

ⓘ 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: $2,713 · $226/mo
• Projected year-2 tax: $2,713 · $226/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 ≥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

Taxation est. · year 1

• Rental income: $16,619
• − Mortgage interest: −$7,002
• − Property taxes: −$2,713
• − Insurance: −$625
• − Repairs & maintenance: −$1,329
• − Management: −$1,329
• − Depreciation: −$3,636
• Taxable loss: −$16
• Est. tax savings @ 24.0%: +$4
• After-tax cash flow: $1,929/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

-16.7% since first listed

46 events — show timeline

• 2026-06-12 Listed $125,000 REALCOMP
• 2026-06-12 Listed $125,000 MiRealSource-MiMLS
• 2025-12-10 Listing Removed — MiRealSource-MiMLS
• 2025-09-22 Listed $124,999 REALCOMP
• 2025-09-22 Listing Removed — MiRealSource-MiMLS
• 2025-09-22 Listing Removed — REALCOMP
• 2025-09-22 Listed $124,999 MiRealSource-MiMLS
• 2025-09-05 Listed $124,999 REALCOMP
• 2025-09-05 Listing Removed — MiRealSource-MiMLS
• 2025-09-05 Listing Removed — REALCOMP
• 2025-09-05 Listed $124,999 MiRealSource-MiMLS
• 2025-08-11 Listed $127,999 REALCOMP
• 2025-08-11 Listing Removed — MiRealSource-MiMLS
• 2025-08-11 Listing Removed — REALCOMP
• 2025-08-11 Listed $127,999 MiRealSource-MiMLS
• 2025-07-18 Listed $133,999 REALCOMP
• 2025-07-18 Listing Removed — MiRealSource-MiMLS
• 2025-07-18 Listing Removed — REALCOMP
• 2025-07-18 Listed $133,999 MiRealSource-MiMLS
• 2025-06-20 Listed $134,999 REALCOMP
• 2025-06-20 Listed $134,999 MiRealSource-MiMLS
• 2025-05-08 Pending — MiRealSource-MiMLS
• 2025-05-08 Pending — REALCOMP
• 2025-05-08 Listing Removed — REALCOMP
• 2025-05-08 Listing Removed — MiRealSource-MiMLS
• 2025-04-05 Listed $124,999 MiRealSource-MiMLS
• 2025-04-05 Listed $124,999 REALCOMP
• 2025-04-04 Coming Soon — MiRealSource-MiMLS
• 2025-03-14 Listing Removed — REALCOMP
• 2025-03-14 Listing Removed — MiRealSource-MiMLS
• 2025-01-23 Price Changed $117,900 MiRealSource-MiMLS
• 2025-01-22 Price Changed $117,900 REALCOMP
• 2024-12-06 Listed $119,900 MiRealSource-MiMLS
• 2024-12-06 Listed $119,900 REALCOMP
• 2024-07-09 Listing Removed — MiRealSource-MiMLS
• 2024-07-09 Listing Removed — REALCOMP
• 2024-02-09 Listing Removed — MiRealSource-MiMLS
• 2024-02-09 Listed $119,999 MiRealSource-MiMLS
• 2024-02-09 Listed $119,999 REALCOMP
• 2024-02-09 Listing Removed — REALCOMP
• 2024-01-02 Listing Removed — MiRealSource-MiMLS
• 2024-01-02 Listed $144,999 MiRealSource-MiMLS
• 2024-01-02 Listed $144,999 REALCOMP
• 2024-01-02 Listing Removed — REALCOMP
• 2023-09-15 Listed $149,999 MiRealSource-MiMLS
• 2023-09-15 Listed $149,999 REALCOMP

Property tax history

+7.1%/yr

Latest (2025): $2,713 · +0.8% YoY. Source: county tax records.