🏷️ Likely Rental
16236 Liberal 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 95°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 D 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 +15.0/30.0
- ARV discount +7.5/15.0
- 1% rule +5.0/10.0
- DSCR +5.0/10.0
- Livability +3.7/5.0
- Rent growth +2.8/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$7,500
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
Key facts
- 5,227 sq ft lot
- Garage
- Built 1943
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $8k.
Deal economics
- At list price, monthly cash flow is $908 ($11k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $8k).
- Recommended offer: $7k (12.0% below list) — sets the bar for market timing.
- Cap rate 151.6% 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: Rents rising (+1.3%/yr); 373 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 37% of the median local income ($39k/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 $52 of loan paydown is wiped out by about $225 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 + 1.3% rent growth), your $2k cash investment doubles in ~1 year — after that, you're playing with house money.
Negotiation context
- It's been on market 527 days — a 12% lower offer ($7k) is reasonable based on typical stale-listing flexibility.
- 10 sale attempts since 30y 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 $3k; list at $8k implies a 146% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 527 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1943 — 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 16.20% ✓
- Cap rate
- 151.61%
- Cash-on-cash
- 518.99%
- DSCR
- 24.09
- GRM
- 0.5
CMA / ARV
- ARV (on-the-fly)
- $76,307
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 16277 Liberal St | 0.05mi | 3/1.0 (+1) | 945 (-5%) | 1mo | $25,000 | $26 | 84 |
| 16209 Tacoma St | 0.15mi | 3/1.0 (+1) | 968 (-2%) | 1mo | $62,900 | $65 | 83 |
| 16301 Coram St | 0.11mi | 3/1.0 (+1) | 929 (-6%) | 1mo | $19,500 | $21 | 78 |
| 18746 Woodside St | 0.32mi | 3/1.0 (+1) | 921 (-7%) | 2mo | $110,000 | $119 | 67 |
| 16260 Bringard Dr | 0.44mi | 3/1.0 (+1) | 1,036 (+4%) | 0mo | $80,000 | $77 | 66 |
| 12893 Payton St | 0.49mi | 3/1.0 (+1) | 1,020 (+3%) | 2mo | $75,000 | $74 | 66 |
| 18905 Woodland St | 0.46mi | 3/1.5 (+1) | 1,023 (+3%) | 1mo | $105,000 | $103 | 65 |
| 16062 CARLISLE St | 0.63mi | 3/1.0 (+1) | 957 (-3%) | 1mo | $42,000 | $44 | 59 |
| 16062 Carlisle St | 0.63mi | 3/1.0 (+1) | 957 (-3%) | 1mo | $42,000 | $44 | 59 |
| 16267 Edmore Dr | 0.53mi | 3/1.0 (+1) | 1,100 (+11%) | 1mo | $122,500 | $111 | 51 |
| 15644 Carlisle St | 0.72mi | 3/1.0 (+1) | 1,055 (+6%) | 0mo | $129,900 | $123 | 50 |
| 12519 Riad St | 0.70mi | 3/1.0 (+1) | 1,135 (+14%) | 0mo | $100,000 | $88 | 38 |
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 · 1.33% rent growth · sell at horizon
- IRR
- —
- Equity multiple
- 27.02×
- Total profit
- $54,640
- Equity at exit
- $1,118
- IRR
- —
- Equity multiple
- 55.37×
- Total profit
- $114,169
- Equity at exit
- $648
Cash invested: $2,100 (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 48205
- Home prices YoY
- -28.1%
- Rents YoY
- 1.3%
- Active inventory
- 373
- Price-to-rent
- 0.5×
Monthly cashflow live
- Estimated rent
- $1,215 high interval (Pro) →
- Mortgage (P&I)
- −$39
- Tax est. 1.5%
- −$9 /mo · $112/yr
- Insurance
- −$3
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$255
- Net cashflow
- $908
Break-even live
Sensitivity live
| Price | -10% $913 | -5% $911 | +0% $908 | +5% $906 | +10% $903 |
|---|---|---|---|---|---|
| Rent | -10% $812 | -5% $860 | +0% $908 | +5% $956 | +10% $1,004 |
| Rate | -1.0pp $912 | -0.5pp $910 | base $908 | +0.5pp $906 | +1.0pp $904 |
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
- $1,875
- Closing costs
- $225
- 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 31 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 16212 Maddelein St Detroit, MI | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 13d | 1 | 0.25mi |
| 15909 Maddelein St Detroit, MI | 3.0 | 1.0 | 894 | $1,266 | $1.42 | 44d | 1 | 0.27mi |
| 16241 Seven Mile E Unit 4 Detroit, MI | 1.0 | 1.0 | 650 | $650 | $1.00 | 44d | 1 | 0.28mi |
| 16291 Eastburn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 25d | 1 | 0.41mi |
| 16410 Edmore Dr Detroit, MI | 3.0 | 1.0 | 850 | $1,250 | $1.47 | 15d | 1 | 0.51mi |
| 12716 Riad St Detroit, MI | 3.0 | 1.0 | 974 | $1,275 | $1.31 | 18d | 1 | 0.60mi |
| 19152 Woodside St Harper Woods, MI | 3.0 | 1.0 | 916 | $1,500 | $1.64 | 18d | 1 | 0.60mi |
| 19144 Moross Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 44d | 1 | 0.69mi |
| 15030 Rossini Dr Unit 2 Detroit, MI | 1.0 | 1.0 | 720 | $800 | $1.11 | 44d | 1 | 0.72mi |
| 15663 Carlisle St Detroit, MI | 2.0 | 1.0 | 803 | $1,050 | $1.31 | 15d | 1 | 0.73mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 15d | 1 | 0.79mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 44d | 1 | 0.79mi |
| 19442 Kingsville St Harper Woods, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 18d | 1 | 0.84mi |
| 15494 Mapleridge St Detroit, MI | 3.0 | 1.0 | 937 | $1,275 | $1.36 | 44d | 1 | 0.86mi |
| 12201 Morang Ave Unit 8 Detroit, MI | 2.0 | 1.0 | 610 | $875 | $1.43 | 44d | 1 | 0.88mi |
| 19661 Kenosha St Harper Woods, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 25d | 1 | 0.92mi |
| 19639 Moross Rd Unit 1 Detroit, MI | 2.0 | 1.0 | 900 | $1,100 | $1.22 | 44d | 1 | 0.95mi |
| 11776 Rossiter St Detroit, MI | 3.0 | 1.0 | 964 | $1,150 | $1.19 | 12d | 1 | 0.96mi |
| 11611 Morang Ave Detroit, MI | 1.0–2.0 | 1.0 | 709 | $1,040 | $1.47 | 44d | 1 | 1.04mi |
| 11529 Roxbury St Detroit, MI | 2.0 | 1.0 | 720 | $1,200 | $1.67 | 13d | 1 | 1.06mi |
| 14461 Lappin St Detroit, MI | 3.0 | 1.5 | 989 | $1,150 | $1.16 | 18d | 1 | 1.09mi |
| 19982 McCormick St Detroit, MI | 3.0 | 1.0 | 866 | $1,200 | $1.39 | 4d | 1 | 1.15mi |
| 11235 Roxbury St Detroit, MI | 3.0 | 1.0 | 1062 | $1,325 | $1.25 | 18d | 1 | 1.24mi |
| 15010 Cedargrove St Detroit, MI | 3.0 | 1.5 | 1018 | $1,350 | $1.33 | 44d | 1 | 1.25mi |
| 10985 Peerless St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 5d | 1 | 1.27mi |
| 20015 Lochmoor St Harper Woods, MI | 3.0 | 1.0 | 1006 | $1,500 | $1.49 | 17d | 1 | 1.32mi |
| 10692 Meuse St Detroit, MI | 3.0 | 1.0 | 955 | $1,250 | $1.31 | 13d | 1 | 1.40mi |
| 20600 Balfour St Harper Woods, MI | 1.0–2.0 | 1.0–2.0 | 971 | $1,640 | $1.69 | 0d | 14 | 1.43mi |
| 14068 Carlisle St Detroit, MI | 3.0 | 1.0 | 1020 | $1,300 | $1.27 | 25d | 1 | 1.44mi |
| 10400 Britain St Detroit, MI | 3.0 | 1.0 | 890 | $1,100 | $1.24 | 44d | 1 | 1.47mi |
| 10370 Britain St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 44d | 1 | 1.49mi |
Listing history 32 events
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2025-06-27status Pending
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2025-06-11status Pending
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2025-03-25historical
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2024-12-17status Pending
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2022-07-01status Pending 933-char remark
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2022-07-01status Pending
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2022-06-24historical
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2021-10-15status Active
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2021-10-12historical
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2021-09-20status Active 933-char remark
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2021-09-20status Active
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2021-09-20status Pending
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2021-09-14historical
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2021-03-05status Pending
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2021-03-02historical
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2020-10-14status Pending 933-char remark
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2020-10-14status Pending
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2020-05-08status Active
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2020-05-05historical
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2020-02-14$7,500 Active
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2020-02-14$7,500 Active 933-char remark
Show marketing remark (933 chars)
3 Home Bundle Package in Regent Park Neighborhood. Subject address is included as part of a 3 Property Bundle Sale Totaling $7,500. Homes Not Sold Separately, must buy as a package of 3. No Land Contracts. Each deed shall represent a sale price of $2,500, per property. Addresses included: 16260, 16236, 16221 Liberal. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact listing broker with additional questions. See Additional Attachments for Offer Requirements.
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2009-05-29soldstatus $3,050 492-char remark
Show marketing remark (492 chars)
HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail & Owner Occupant Incentives see Website in Agent Remarks * . FHA Case #261-649042. Uninsured. Bids due by 3-17-09 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Repair/replace plumbing, water heater, laundry tub, kit. sink faucet, rear door glass, rear steps & bsmnt ceil
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2009-03-27historical 492-char remark
Show marketing remark (492 chars)
HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail & Owner Occupant Incentives see Website in Agent Remarks * . FHA Case #261-649042. Uninsured. Bids due by 3-17-09 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Repair/replace plumbing, water heater, laundry tub, kit. sink faucet, rear door glass, rear steps & bsmnt ceil
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2009-03-13$6,500 492-char remark
Show marketing remark (492 chars)
HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail & Owner Occupant Incentives see Website in Agent Remarks * . FHA Case #261-649042. Uninsured. Bids due by 3-17-09 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Repair/replace plumbing, water heater, laundry tub, kit. sink faucet, rear door glass, rear steps & bsmnt ceil
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2009-01-30historical
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2009-01-09$7,150
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2008-12-22historical
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2008-06-27$7,150
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1996-08-07soldstatus $41,800
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1996-07-31soldstatus $41,800
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1996-05-15historical
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1996-05-08$41,800
ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥95°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
- $14,583
- − Mortgage interest
- −$420
- − Property taxes
- −$112
- − Insurance
- −$38
- − Repairs & maintenance
- −$1,167
- − Management
- −$1,167
- − Depreciation
- −$218
- Taxable income
- $11,462
- Est. tax owed @ 24.0%
- −$2,751
- After-tax cash flow
- $8,148/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)
- 34,187
- Household income
- $38,966
- Rent vs Own
- Severe rent burden
- 2121.0
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 (93%)
- Race & ethnicity
- Black 93% White 3% Two or more races 2%
- Foreign-born
- 1% · Canada
- Languages at home
- 98% English-only · Spanish 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
- ▼ -91.80%
- Current HPI
- 235.0926
- Rent YoY
- ▲ 1.33%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
-82.1% since first listed32 events — show timeline
- 2025-06-27 Pending — REALCOMP
- 2025-06-11 Pending — REALCOMP
- 2025-03-25 Listing Removed — REALCOMP
- 2024-12-17 Pending — REALCOMP
- 2022-07-01 Pending — MiRealSource-MiMLS
- 2022-07-01 Pending — REALCOMP
- 2022-06-24 Listing Removed — REALCOMP
- 2021-10-15 Relisted — REALCOMP
- 2021-10-12 Listing Removed — REALCOMP
- 2021-09-20 Relisted — MiRealSource-MiMLS
- 2021-09-20 Relisted — REALCOMP
- 2021-09-20 Pending — REALCOMP
- 2021-09-14 Listing Removed — REALCOMP
- 2021-03-05 Pending — REALCOMP
- 2021-03-02 Listing Removed — REALCOMP
- 2020-10-14 Pending — MiRealSource-MiMLS
- 2020-10-14 Pending — REALCOMP
- 2020-05-08 Relisted — REALCOMP
- 2020-05-05 Listing Removed — REALCOMP
- 2020-02-14 Listed $7,500 MiRealSource-MiMLS
- 2020-02-14 Listed $7,500 REALCOMP
- 2009-05-29 Sold (MLS) $3,050 MiRealSource-MiMLS
- 2009-03-27 Listing Removed — MiRealSource-MiMLS
- 2009-03-13 Listed $6,500 MiRealSource-MiMLS
- 2009-01-30 Listing Removed — MiRealSource-MiMLS
- 2009-01-09 Listed $7,150 MiRealSource-MiMLS
- 2008-12-22 Listing Removed — MiRealSource-MiMLS
- 2008-06-27 Listed $7,150 MiRealSource-MiMLS
- 1996-08-07 Sold (Public Records) $41,800 Public Records
- 1996-07-31 Sold (MLS) $41,800 MiRealSource-MiMLS
- 1996-05-15 Listing Removed — MiRealSource-MiMLS
- 1996-05-08 Listed $41,800 MiRealSource-MiMLS
Property tax history
-21.8%/yrLatest (2017): $854 · -34.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…