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16236 Liberal St 🏷️ Likely Rental
D Composite 42.79
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

16236 Liberal St · Detroit, MI 48205
2 bd · 1.0 ba · 991 sqft · SingleFamily public records · 527 Days on market
Built 1943 5,227 sqft lot

🖨 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

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $7,500 price doesn't fit this home's estimated sale value (~$76,307) and the remarks read like a rental — treat the cards below with caution.

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.
Recommended offer $6,600 (12.0% below list)

Questions for the listing agent

  1. 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?
  2. Built in 1943 — 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. 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?
  8. 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.
  9. 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.
  10. 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

5-year hold
IRR
Equity multiple
27.02×
Total profit
$54,640
Equity at exit
$1,118
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $66
Max offer price $7,500
Occupancy floor 20%

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

AddressBedsBaths SqftRent$/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

  1. 2025-06-27
    status Pending
  2. 2025-06-11
    status Pending
  3. 2025-03-25
    historical
  4. 2024-12-17
    status Pending
  5. 2022-07-01
    status 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.

  6. 2022-07-01
    status 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.

  7. 2022-06-24
    historical
  8. 2021-10-15
    status Active
  9. 2021-10-12
    historical
  10. 2021-09-20
    status 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.

  11. 2021-09-20
    status 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.

  12. 2021-09-20
    status 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.

  13. 2021-09-14
    historical
  14. 2021-03-05
    status Pending
  15. 2021-03-02
    historical
  16. 2020-10-14
    status 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.

  17. 2020-10-14
    status 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.

  18. 2020-05-08
    status Active
  19. 2020-05-05
    historical
  20. 2020-02-14
    listed $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.

  21. 2020-02-14
    listed $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.

  22. 2009-05-29
    soldstatus $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

  23. 2009-03-27
    historical 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

  24. 2009-03-13
    listed $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

  25. 2009-01-30
    historical
  26. 2009-01-09
    listed $7,150
  27. 2008-12-22
    historical
  28. 2008-06-27
    listed $7,150
  29. 1996-08-07
    soldstatus $41,800
  30. 1996-07-31
    soldstatus $41,800
  31. 1996-05-15
    historical
  32. 1996-05-08
    listed $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
combined federal + state — saved on this device
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

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)
34,187
Household income
$38,966
Rent vs Own
49.4% rent · 50.6% 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

Price history

-82.1% since first listed
32 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%/yr

Latest (2017): $854 · -34.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…