12152 Stout St · Detroit, MI 48228

$79,900

2 bd · 1.0 ba · 1,041 sqft · SingleFamily public records · 206 Days on market

Built 1948 5,227 sqft lot $77/sqft · 68% above area

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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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

Key facts

• 5,227 sq ft lot
• Built 1948
• Listed 206 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $413 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 soft (-2.3%/yr); 363 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); 68% 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 44% of the median local income ($31k/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 $552 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 + 0.0% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 206 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 14y ago; this cycle's ask has dropped $6k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.42% ✓
• Cap rate: 12.49%
• Cash-on-cash: 22.13%
• DSCR: 1.98
• GRM: 5.9

CMA / ARV

• ARV (median comp): $47,518
• List price: $79,900
• Delta: 68.15%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12087 Heyden St	0.07mi	3/1.0 (+1)	956 (-8%)	5mo	$46,000	$48	74
20627 Patton Ct	0.28mi	3/1.5 (+1)	1,100 (+6%)	3mo	$105,000	$95	68
11419 Braile St	0.42mi	2/1.0	969 (-7%)	2mo	$45,000	$46	68
11700 Auburn St	0.37mi	3/1.5 (+1)	964 (-7%)	3mo	$55,000	$57	61
11380 Plainview Ave	0.46mi	3/1.5 (+1)	1,076 (+3%)	6mo	$40,000	$37	61
11706 Auburn St	0.37mi	3/2.0 (+1)	1,092 (+5%)	6mo	$85,000	$78	61
11689 Minock St	0.41mi	3/1.0 (+1)	950 (-9%)	6mo	$82,000	$86	57
9977 Evergreen Ave	0.57mi	3/1.0 (+1)	1,150 (+10%)	2mo	$86,000	$75	50
10006 Auburn St	0.60mi	3/1.0 (+1)	1,150 (+10%)	1mo	$63,000	$55	48
9616 Braile St	0.70mi	3/1.0 (+1)	958 (-8%)	4mo	$41,500	$43	45
9634 Evergreen Ave	0.69mi	3/1.0 (+1)	912 (-12%)	3mo	$23,000	$25	40
9581 Heyden St	0.71mi	3/2.0 (+1)	950 (-9%)	4mo	$92,000	$97	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.45×
• Total profit: $9,975
• Equity at exit: $11,913

10-year hold

• IRR: 18.3%
• Equity multiple: 2.32×
• Total profit: $29,548
• Equity at exit: $6,908

Cash invested: $22,372 (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 →

ZIP-level market 48228

• Rents YoY: -2.3%
• Active inventory: 363
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,137 high
• Mortgage (P&I): −$419
• Tax from tax record: −$34 /mo · $403/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $413

Break-even live

Break-even rent $615

Max offer price $79,900

Occupancy floor 59%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12084 Vaughan St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	16d	1	0.14mi
11652 Fielding St Detroit, MI	3.0	1.0	1000	$1,386	$1.39	43d	1	0.23mi
13500 Heyden St Detroit, MI	2.0	1.0	850	$1,200	$1.41	43d	1	0.56mi
12867 Westbrook St Detroit, MI	2.0	1.0	736	$1,050	$1.43	43d	1	0.68mi
20522 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	43d	1	0.78mi
20550 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.78mi
20529 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.80mi
20541 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.80mi
20545 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.80mi
20547 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.81mi
9401 Fielding St Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.81mi
20619 W Chicago Detroit, MI	2.0	1.0	950	$1,200	$1.26	43d	1	0.81mi
9410 Patton St Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.81mi
9404 Patton St Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.81mi
19050 W Davison St Detroit, MI	3.0	1.0	1118	$1,400	$1.25	43d	1	0.84mi
19440 W Chicago St Detroit, MI	3.0	1.5	1200	$1,225	$1.02	21d	1	0.86mi
19440 W Chicago St Detroit, MI	3.0	1.5	1200	$1,225	$1.02	17d	1	0.86mi
20935 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.87mi
20921 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	43d	1	0.87mi
20937 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	43d	1	0.88mi
20945 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	43d	1	0.88mi
9416 Trinity St Detroit, MI	2.0	1.0	1000	$950	$0.95	43d	1	0.88mi
19449 W Chicago St Detroit, MI	3.0	1.5	950	$1,500	$1.58	43d	1	0.89mi
12880 Dolson St Detroit, MI	1.0–2.0	1.0	750	$1,200	$1.60	43d	6	0.90mi
13514 Stahelin Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	17d	1	0.94mi
12950 Glastonbury Ave Detroit, MI	3.0	1.0	1000	$1,400	$1.40	24d	1	0.97mi
11741 Penrod St Detroit, MI	3.0	1.0	1124	$1,400	$1.25	16d	1	0.99mi
12875 Faust Ave Detroit, MI	2.0	1.0	735	$1,200	$1.63	4d	1	1.02mi
12850 Dolphin St Detroit, MI	1.0–2.0	1.0	746	$999	$1.34	4d	4	1.03mi
14258 Plainview Ave Detroit, MI	3.0	1.0	918	$1,200	$1.31	43d	1	1.06mi
12941 Penrod St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	1.11mi
13591 Faust Ave Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	1.11mi
9059 Burt Rd Detroit, MI	3.0	1.0	980	$1,400	$1.43	43d	1	1.14mi
14347 Westwood St Detroit, MI	2.0	1.0	706	$1,200	$1.70	24d	1	1.16mi
12944 Rosemont Ave Detroit, MI	2.0	1.0	800	$1,050	$1.31	4d	1	1.19mi
18450 W Chicago Detroit, MI	1.0–2.0	1.0	687	$1,117	$1.62	1d	15	1.22mi
14541 Kentfield St Detroit, MI	3.0	1.0	797	$1,300	$1.63	16d	1	1.25mi
19431 Lyndon St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	43d	1	1.25mi
9090 Stahelin Ave Detroit, MI	2.0	1.0	787	$1,250	$1.59	43d	1	1.31mi
13600 Southfield Fwy Detroit, MI	2.0	1.0	848	$1,100	$1.30	4d	1	1.35mi

Listing history 42 events

1. 2026-06-18
   days on market $79,900 Active 206 DOM
2. 2026-06-17
   days on market $79,900 Active 205 DOM
3. 2026-06-15
   days on market $79,900 Active 203 DOM
4. 2026-06-13
   days on market $79,900 Active 201 DOM
5. 2026-06-13
   days on market $79,900 Active 200 DOM
6. 2026-06-09
   days on market $79,900 Active 197 DOM
7. 2026-06-08
   days on market $79,900 Active 196 DOM
8. 2026-06-07
   days on market $79,900 Active 195 DOM
9. 2026-06-04
   days on market $79,900 Active 192 DOM
10. 2026-06-03
    days on market $79,900 Active 191 DOM
11. 2026-06-01
    days on market $79,900 Active 189 DOM
12. 2026-05-31
    days on market $79,900 Active 188 DOM
13. 2026-04-02
    price $79,900 764-char remark

    Show marketing remark (764 chars)

    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

14. 2026-04-02
    price $79,900 764-char remark

    Show marketing remark (764 chars)

    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

15. 2026-01-30
    price $84,400 764-char remark

    Show marketing remark (764 chars)

    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

16. 2026-01-29
    price $84,400 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

17. 2025-12-30
    price $84,900 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

18. 2025-12-29
    price $84,900 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

19. 2025-12-15
    status Active 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

20. 2025-12-15
    status Active 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

21. 2025-11-19
    status Pending 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

22. 2025-11-19
    status Pending 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

23. 2025-10-29
    listed $85,900 Active 764-char remark

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    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

24. 2025-10-29
    listed $85,900 Active 764-char remark

    Show marketing remark (764 chars)

    * * * ALL SHOWINGS REQUIRE A 72 HOUR LEAD TIME! SHOWING REQUESTS SENT OVER THE WEEKEND WILL NOT BE SEEN UNTIL MONDAY! PLEASE DO NOT DISTURB THE TENANT. DO NOT APPROACH THE HOME WITH OUT A CONFIRMED APPOINTMENT! * * * SECTION 8 TENANT OCCUPIED PROPERTY LOCATED NORTH OF PLYMOUTH AND WEST OF EVERGREEN. THIS HOME FEATURES INVITING LIVING ROOM, DINING ROOM, NICE UPDATED KITCHEN, THREE GOOD SIZED BEDROOMS, AND AN UNFINISHED BASEMENT. TENANT RENT IS 1160 PER MONTH. THE LEASE TERM IS 9/1/2023-8/31/2026. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING. * * PHOTOS ARE FROM 2023- BEFORE THE TENANT MOVED IN. * *

25. 2019-01-03
    soldstatus $420,000
26. 2014-10-21
    historical
27. 2014-10-14
    historical
28. 2014-03-25
    listed $4,750
29. 2014-03-25
    listed $4,750
30. 2014-03-25
    historical
31. 2014-03-25
    historical
32. 2013-11-13
    listed $4,750
33. 2013-11-13
    listed $4,750
34. 2013-01-25
    historical
35. 2013-01-24
    historical
36. 2012-11-26
    listed $4,900
37. 2012-11-26
    listed $4,900
38. 2012-10-24
    historical
39. 2012-10-24
    listed $6,900
40. 2012-10-24
    listed $6,900
41. 2012-10-24
    historical
42. 2001-08-21
    soldstatus $25,000

ⓘ 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: $403 · $34/mo
• Projected year-2 tax: $817 · $68/mo
• Expected delta: +$414/yr (+$34/mo · 102.8%)

ⓘ 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 ≥99°F today · 14 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: $13,647
• − Mortgage interest: −$4,476
• − Property taxes: −$403
• − Insurance: −$400
• − Repairs & maintenance: −$1,092
• − Management: −$1,092
• − Depreciation: −$2,324
• Taxable income: $3,862
• Est. tax owed @ 24.0%: −$927
• After-tax cash flow: $4,024/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): 50,117
• Household income: $30,680
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 4144.0

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 (71%)
• Race & ethnicity: Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Arab 2% Romanian 2% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 11% Spanish 5%

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: ▼ -160.81%
• Current HPI: 168.6843
• Rent YoY: ▼ -2.30%
• 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

+219.6% since first listed

30 events — show timeline

• 2026-04-02 Price Changed $79,900 MiRealSource-MiMLS
• 2026-04-02 Price Changed $79,900 REALCOMP
• 2026-01-30 Price Changed $84,400 MiRealSource-MiMLS
• 2026-01-29 Price Changed $84,400 REALCOMP
• 2025-12-30 Price Changed $84,900 MiRealSource-MiMLS
• 2025-12-29 Price Changed $84,900 REALCOMP
• 2025-12-15 Relisted — MiRealSource-MiMLS
• 2025-12-15 Relisted — REALCOMP
• 2025-11-19 Pending — REALCOMP
• 2025-11-19 Pending — MiRealSource-MiMLS
• 2025-10-29 Listed $85,900 REALCOMP
• 2025-10-29 Listed $85,900 MiRealSource-MiMLS
• 2019-01-03 Sold (Public Records) $420,000 Public Records
• 2014-10-21 Listing Removed — REALCOMP
• 2014-10-14 Listing Removed — MiRealSource-MiMLS
• 2014-03-25 Listing Removed — MiRealSource-MiMLS
• 2014-03-25 Listing Removed — REALCOMP
• 2014-03-25 Listed $4,750 MiRealSource-MiMLS
• 2014-03-25 Listed $4,750 REALCOMP
• 2013-11-13 Listed $4,750 MiRealSource-MiMLS
• 2013-11-13 Listed $4,750 REALCOMP
• 2013-01-25 Listing Removed — MiRealSource-MiMLS
• 2013-01-24 Listing Removed — REALCOMP
• 2012-11-26 Listed $4,900 REALCOMP
• 2012-11-26 Listed $4,900 MiRealSource-MiMLS
• 2012-10-24 Listing Removed — REALCOMP
• 2012-10-24 Listed $6,900 REALCOMP
• 2012-10-24 Listed $6,900 MiRealSource-MiMLS
• 2012-10-24 Listing Removed — MiRealSource-MiMLS
• 2001-08-21 Sold (Public Records) $25,000 Public Records

Property tax history

-11.7%/yr

Latest (2025): $403 · -52.0% YoY. Source: county tax records.