16191 Ohio St · Detroit, MI 48221

$70,000

3 bd · 2.0 ba · 2,096 sqft · SingleFamily public records · 6 Days on market

Built 1928 3,920 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
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention Detroit investors! Single-family home located on Ohio Street in Detroit. Close to major roads, shopping, and neighborhood amenities. Property offers potential for rental or owner-occupant use.

Key facts

• Potential for rental
• Shopping
• Owner-occupant use

Tags

• SINGLE-FAMILY HOME
• MAJOR ROADS
• SHOPPING
• NEIGHBORHOOD AMENITIES
• POTENTIAL FOR RENTAL
• OWNER-OCCUPANT USE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $696 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Cap rate 18.2% 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: Rents rising (+3.4%/yr); 349 active listings in the ZIP; 12 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; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 32% of the median local income ($58k/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 $484 of loan paydown is wiped out by about $2k 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 + 3.4% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 18y 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 $32k; list at $70k implies a 115% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1928 — 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: 2.22% ✓
• Cap rate: 18.23%
• Cash-on-cash: 42.64%
• DSCR: 2.90
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $205,408
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16503 Ohio St	0.08mi	4/1.5 (+1)	2,154 (+3%)	4mo	$70,000	$32	81
8549 Marygrove Dr	0.18mi	3/1.5	1,993 (-5%)	1mo	$224,000	$112	81
16801 Washburn St	0.38mi	4/2.0 (+1)	2,031 (-3%)	2mo	$230,000	$113	71
16532 Griggs St	0.38mi	3/1.5	1,991 (-5%)	2mo	$137,000	$69	70
16224 Washburn St	0.25mi	3/1.5	1,790 (-15%)	1mo	$174,999	$98	61
16653 Woodingham Dr	0.37mi	3/1.0	2,368 (+13%)	1mo	$75,000	$32	56
17175 Mendota St	0.70mi	3/2.0	2,237 (+7%)	1mo	$124,900	$56	55
17540 Indiana St	0.71mi	4/2.0 (+1)	2,020 (-4%)	2mo	$155,000	$77	54
17584 Cherrylawn St	0.75mi	3/1.5	2,021 (-4%)	4mo	$281,000	$139	54
17175 Greenlawn St	0.54mi	3/1.5	1,841 (-12%)	3mo	$212,000	$115	50
17214 Ohio St	0.53mi	3/1.5	2,400 (+14%)	4mo	$173,000	$72	46
17585 Wisconsin St	0.75mi	4/2.0 (+1)	1,944 (-7%)	3mo	$290,000	$149	46

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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: 39.9%
• Equity multiple: 2.72×
• Total profit: $33,760
• Equity at exit: $10,437

10-year hold

• IRR: 46.5%
• Equity multiple: 5.57×
• Total profit: $89,600
• Equity at exit: $6,052

Cash invested: $19,600 (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

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

Methodology + full state rankings →

ZIP-level market 48221

• Rents YoY: 3.4%
• Active inventory: 349
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,557 high
• Mortgage (P&I): −$367
• Tax from tax record: −$138 /mo · $1,651/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $696

Break-even live

Break-even rent $676

Max offer price $70,000

Occupancy floor 50%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	43d	1	0.14mi
16211 Kentucky St Detroit, MI	4.0	2.0	2168	$1,995	$0.92	17d	1	0.17mi
15791 Cherrylawn St Detroit, MI	2.0	1.0	1792	$1,100	$0.61	43d	1	0.24mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	24d	1	0.43mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	19d	1	0.49mi
17530 Roselawn St Unit 1 Detroit, MI	3.0	2.0	1600	$2,000	$1.25	24d	1	0.73mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	43d	1	0.97mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	43d	1	1.09mi
16834 Fairfield St Detroit, MI	2.0	1.0	1516	$1,363	$0.90	24d	1	1.12mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	43d	1	1.28mi
16505 Stansbury St Detroit, MI	3.0	1.0	1700	$1,345	$0.79	43d	1	1.38mi
16503 Linwood St Detroit, MI	4.0	2.0	2415	$1,800	$0.75	3d	1	1.43mi

Listing history 16 events

1. 2025-12-19
   status Pending 202-char remark

   Show marketing remark (202 chars)

   Attention Detroit investors! Single-family home located on Ohio Street in Detroit. Close to major roads, shopping, and neighborhood amenities. Property offers potential for rental or owner-occupant use.

2. 2025-12-19
   status Pending

   Show marketing remark (202 chars)

   Attention Detroit investors! Single-family home located on Ohio Street in Detroit. Close to major roads, shopping, and neighborhood amenities. Property offers potential for rental or owner-occupant use.

3. 2025-12-13
   listed $70,000 Active 202-char remark

   Show marketing remark (202 chars)

   Attention Detroit investors! Single-family home located on Ohio Street in Detroit. Close to major roads, shopping, and neighborhood amenities. Property offers potential for rental or owner-occupant use.

4. 2025-12-13
   listed $70,000 Active

   Show marketing remark (202 chars)

   Attention Detroit investors! Single-family home located on Ohio Street in Detroit. Close to major roads, shopping, and neighborhood amenities. Property offers potential for rental or owner-occupant use.

5. 2017-11-16
   soldstatus $32,500 Sold 539-char remark

   Show marketing remark (539 chars)

   ATTENTION INVESTORS! Charming brick colonial located in the heart of the Fitzgerald neighborhood that is experiencing an amazing revival including the nearby Livernois corridor. As the photos show this home needs work and is perfect for the handy homeowner or an investor looking for serious cash flow. Fully renovated homes in the area are selling between 75K and 100K so plenty of equity on day one. Selling broker is member of selling LLC. Property sold by QCD, Buyer pays for all city certs, inspections, and repairs. Home sold as-is.

6. 2017-11-16
   soldstatus $32,500 Closed

   Show marketing remark (539 chars)

   ATTENTION INVESTORS! Charming brick colonial located in the heart of the Fitzgerald neighborhood that is experiencing an amazing revival including the nearby Livernois corridor. As the photos show this home needs work and is perfect for the handy homeowner or an investor looking for serious cash flow. Fully renovated homes in the area are selling between 75K and 100K so plenty of equity on day one. Selling broker is member of selling LLC. Property sold by QCD, Buyer pays for all city certs, inspections, and repairs. Home sold as-is.

7. 2017-10-30
   status Pending

   Show marketing remark (539 chars)

   ATTENTION INVESTORS! Charming brick colonial located in the heart of the Fitzgerald neighborhood that is experiencing an amazing revival including the nearby Livernois corridor. As the photos show this home needs work and is perfect for the handy homeowner or an investor looking for serious cash flow. Fully renovated homes in the area are selling between 75K and 100K so plenty of equity on day one. Selling broker is member of selling LLC. Property sold by QCD, Buyer pays for all city certs, inspections, and repairs. Home sold as-is.

8. 2017-10-30
   status Pending 539-char remark

   Show marketing remark (539 chars)

   ATTENTION INVESTORS! Charming brick colonial located in the heart of the Fitzgerald neighborhood that is experiencing an amazing revival including the nearby Livernois corridor. As the photos show this home needs work and is perfect for the handy homeowner or an investor looking for serious cash flow. Fully renovated homes in the area are selling between 75K and 100K so plenty of equity on day one. Selling broker is member of selling LLC. Property sold by QCD, Buyer pays for all city certs, inspections, and repairs. Home sold as-is.

9. 2017-08-14
   listed $34,900 Active

   Show marketing remark (539 chars)

   ATTENTION INVESTORS! Charming brick colonial located in the heart of the Fitzgerald neighborhood that is experiencing an amazing revival including the nearby Livernois corridor. As the photos show this home needs work and is perfect for the handy homeowner or an investor looking for serious cash flow. Fully renovated homes in the area are selling between 75K and 100K so plenty of equity on day one. Selling broker is member of selling LLC. Property sold by QCD, Buyer pays for all city certs, inspections, and repairs. Home sold as-is.

10. 2017-08-14
    listed $34,900 Active 539-char remark

    Show marketing remark (539 chars)

    ATTENTION INVESTORS! Charming brick colonial located in the heart of the Fitzgerald neighborhood that is experiencing an amazing revival including the nearby Livernois corridor. As the photos show this home needs work and is perfect for the handy homeowner or an investor looking for serious cash flow. Fully renovated homes in the area are selling between 75K and 100K so plenty of equity on day one. Selling broker is member of selling LLC. Property sold by QCD, Buyer pays for all city certs, inspections, and repairs. Home sold as-is.

11. 2017-05-31
    historical
12. 2017-05-31
    historical
13. 2017-04-05
    listed $34,900 Active
14. 2017-04-05
    listed $34,900 Active
15. 2008-07-25
    historical
16. 2008-04-08
    listed $9,900

ⓘ 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: $1,651 · $138/mo
• Projected year-2 tax: $1,651 · $138/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: $18,688
• − Mortgage interest: −$3,921
• − Property taxes: −$1,651
• − Insurance: −$350
• − Repairs & maintenance: −$1,495
• − Management: −$1,495
• − Depreciation: −$2,036
• Taxable income: $7,739
• Est. tax owed @ 24.0%: −$1,857
• After-tax cash flow: $6,500/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): 41,392
• Household income: $57,878
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1646.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 4% Asian 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -433.14%
• Current HPI: 280.5434
• Rent YoY: ▲ 3.44%
• 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

+607.1% since first listed

16 events — show timeline

• 2025-12-19 Pending — MiRealSource-MiMLS
• 2025-12-19 Pending — REALCOMP
• 2025-12-13 Listed $70,000 REALCOMP
• 2025-12-13 Listed $70,000 MiRealSource-MiMLS
• 2017-11-16 Sold (MLS) $32,500 MiRealSource-MiMLS
• 2017-11-16 Sold (MLS) $32,500 REALCOMP
• 2017-10-30 Pending — MiRealSource-MiMLS
• 2017-10-30 Pending — REALCOMP
• 2017-08-14 Listed $34,900 MiRealSource-MiMLS
• 2017-08-14 Listed $34,900 REALCOMP
• 2017-05-31 Listing Removed — REALCOMP
• 2017-05-31 Listing Removed — MiRealSource-MiMLS
• 2017-04-05 Listed $34,900 MiRealSource-MiMLS
• 2017-04-05 Listed $34,900 REALCOMP
• 2008-07-25 Listing Removed — REALCOMP
• 2008-04-08 Listed $9,900 REALCOMP

Property tax history

-1.5%/yr

Latest (2025): $1,651 · -54.2% YoY. Source: county tax records.