17327 Teppert St · Detroit, MI 48234

$115,000

3 bd · 1.0 ba · 1,094 sqft · SingleFamily public records · 108 Days on market

Built 1949 4,792 sqft lot $105/sqft · 83% above area

---

Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.6/30.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home! This beautifully renovated 3 bed, 1.1 bath bungalow features modern updates throughout. Enjoy a bright living area, updated kitchen with shaker cabinets, butcher block countertops, and included appliances. Fresh flooring, stylish finishes, and a clean basement offer great functionality. Move-in ready with timeless charm and contemporary upgrades.

Key facts

• 4,792 sq ft lot
• Built 1949
• Listed 108 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $105k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.7%/yr); 226 active listings in the ZIP; 28 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).
• At $1,344/mo this rent would consume 46% of the median local household income ($35k/yr) (locally 2372% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k 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 + 6.7% rent growth), your $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 12 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 $21k; list at $115k implies a 448% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $104,650 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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: 1.17% ✓
• Cap rate: 9.51%
• Cash-on-cash: 11.49%
• DSCR: 1.51
• GRM: 7.1

CMA / ARV

• ARV (median comp): $62,990
• List price: $115,000
• Delta: 82.57%
• 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
17650 Beland St	0.14mi	3/1.5	1,094 (0%)	2mo	$67,000	$61	89
17665 Runyon St	0.16mi	3/2.0	1,096 (+0%)	1mo	$50,000	$46	88
18104 Runyon St	0.44mi	3/1.0	1,078 (-2%)	0mo	$58,000	$54	77
17892 Runyon St	0.30mi	3/1.5	995 (-9%)	2mo	$56,000	$56	68
11234 Kenmoor St	0.41mi	3/2.0	1,200 (+10%)	0mo	$75,300	$63	61
12802 Dresden St	0.57mi	3/1.0	1,152 (+5%)	5mo	$25,000	$22	61
11455 Kenmoor St	0.36mi	3/1.5	955 (-13%)	4mo	$119,000	$125	57
18696 Blackmoor St	0.70mi	3/1.0	1,010 (-8%)	0mo	$77,500	$77	55
18431 Teppert St	0.48mi	4/1.0 (+1)	1,200 (+10%)	2mo	$67,500	$56	54
11294 Engleside St	0.45mi	2/1.0 (-1)	986 (-10%)	4mo	$85,000	$86	54
11226 Minden St	0.65mi	3/1.5	1,169 (+7%)	3mo	$49,000	$42	54
11147 Findlay St	0.73mi	2/1.0 (-1)	1,028 (-6%)	3mo	$35,000	$34	48

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 4.8%
• Equity multiple: 1.19×
• Total profit: $6,225
• Equity at exit: $17,147

10-year hold

• IRR: 17.3%
• Equity multiple: 2.67×
• Total profit: $53,823
• Equity at exit: $9,943

Cash invested: $32,200 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,344 high
• Mortgage (P&I): −$603
• Tax from tax record: −$103 /mo · $1,232/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $308

Break-even live

Break-even rent $954

Max offer price $115,000

Occupancy floor 72%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	17d	1	0.25mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	43d	1	0.34mi
11074 Kennebec St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	43d	1	0.43mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	1d	1	0.45mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	43d	1	0.50mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.54mi
11785 Nashville St Detroit, MI	3.0	2.0	1360	$1,450	$1.07	3d	1	0.56mi
11760 Nashville St Detroit, MI	3.0	1.0	1200	$1,250	$1.04	17d	1	0.58mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	43d	1	0.85mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	17d	1	0.85mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.88mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.93mi
7600 Dobel St Detroit, MI	3.0	1.0	1234	$1,400	$1.13	16d	1	0.97mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	1.02mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	17d	1	1.03mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	21d	1	1.06mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	1.06mi
11765 Glenfield Ave Unit 1510880P Detroit, MI	2.0	1.0	990	$3,102	$3.13	14d	1	1.10mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	43d	1	1.12mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	1.16mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	1.21mi
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	17d	1	1.21mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	43d	1	1.28mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	17d	1	1.31mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	16d	1	1.35mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	1.36mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	17d	1	1.42mi
12051 Wilshire Dr Detroit, MI	3.0	1.5	1224	$1,250	$1.02	17d	1	1.50mi

Listing history 50 events

1. 2026-06-18
   days on market $115,000 Active 108 DOM
2. 2026-06-17
   days on market $115,000 Active 107 DOM
3. 2026-06-15
   days on market $115,000 Active 105 DOM
4. 2026-06-13
   days on market $115,000 Active 103 DOM
5. 2026-06-13
   days on market $115,000 Active 102 DOM
6. 2026-06-09
   days on market $115,000 Active 99 DOM
7. 2026-06-08
   days on market $115,000 Active 98 DOM
8. 2026-06-07
   days on market $115,000 Active 97 DOM
9. 2026-06-04
   days on market $115,000 Active 94 DOM
10. 2026-06-03
    days on market $115,000 Active 93 DOM
11. 2026-06-01
    days on market $115,000 Active 91 DOM
12. 2026-05-31
    days on market $115,000 Active 90 DOM
13. 2026-03-02
    listed $115,000 Active 362-char remark

    Show marketing remark (362 chars)

    Welcome home! This beautifully renovated 3 bed, 1.1 bath bungalow features modern updates throughout. Enjoy a bright living area, updated kitchen with shaker cabinets, butcher block countertops, and included appliances. Fresh flooring, stylish finishes, and a clean basement offer great functionality. Move-in ready with timeless charm and contemporary upgrades.

14. 2026-03-02
    listed $115,000 Active 362-char remark

    Show marketing remark (362 chars)

    Welcome home! This beautifully renovated 3 bed, 1.1 bath bungalow features modern updates throughout. Enjoy a bright living area, updated kitchen with shaker cabinets, butcher block countertops, and included appliances. Fresh flooring, stylish finishes, and a clean basement offer great functionality. Move-in ready with timeless charm and contemporary upgrades.

15. 2026-03-02
    historical

    Show marketing remark (362 chars)

    Welcome home! This beautifully renovated 3 bed, 1.1 bath bungalow features modern updates throughout. Enjoy a bright living area, updated kitchen with shaker cabinets, butcher block countertops, and included appliances. Fresh flooring, stylish finishes, and a clean basement offer great functionality. Move-in ready with timeless charm and contemporary upgrades.

16. 2026-03-02
    historical

    Show marketing remark (362 chars)

    Welcome home! This beautifully renovated 3 bed, 1.1 bath bungalow features modern updates throughout. Enjoy a bright living area, updated kitchen with shaker cabinets, butcher block countertops, and included appliances. Fresh flooring, stylish finishes, and a clean basement offer great functionality. Move-in ready with timeless charm and contemporary upgrades.

17. 2026-01-06
    price $115,000
18. 2026-01-05
    price $115,000
19. 2025-11-28
    listed $120,000 Active
20. 2025-11-28
    listed $120,000 Active
21. 2025-11-07
    historical
22. 2025-11-05
    status Active
23. 2025-11-05
    status Active
24. 2025-10-27
    historical Accepting Backup Offers
25. 2025-10-27
    historical Active Under Contract
26. 2025-09-15
    status Pending
27. 2025-09-15
    status Pending
28. 2025-09-15
    historical
29. 2025-09-05
    historical Accepting Backup Offers
30. 2025-09-05
    historical Active Under Contract
31. 2025-08-28
    price $121,000
32. 2025-08-28
    price $121,000
33. 2025-08-11
    price $124,000
34. 2025-08-11
    price $124,000
35. 2025-07-30
    price $129,000
36. 2025-07-29
    price $129,000
37. 2025-07-14
    price $134,000
38. 2025-07-14
    price $134,000
39. 2025-06-30
    listed $139,000 Active
40. 2025-06-30
    listed $139,000 Active
41. 2017-09-25
    soldstatus $21,000 Sold
42. 2017-09-25
    soldstatus $21,000 Closed
43. 2017-09-03
    status Pending
44. 2017-09-03
    status Pending
45. 2017-08-30
    price $25,000
46. 2017-08-29
    price $25,000
47. 2017-07-29
    price $29,000
48. 2017-07-29
    price $29,000
49. 2017-07-20
    listed $32,000 Active
50. 2017-07-20
    listed $32,000 Active

ⓘ 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: $1,232 · $103/mo
• Projected year-2 tax: $1,501 · $125/mo
• Expected delta: +$270/yr (+$22/mo · 21.9%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,133
• − Mortgage interest: −$6,442
• − Property taxes: −$1,232
• − Insurance: −$575
• − Repairs & maintenance: −$1,291
• − Management: −$1,291
• − Depreciation: −$3,345
• Taxable income: $1,958
• Est. tax owed @ 24.0%: −$470
• After-tax cash flow: $3,232/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+573.9% since first listed

44 events — show timeline

• 2026-03-02 Listed $115,000 REALCOMP
• 2026-03-02 Listing Removed — REALCOMP
• 2026-03-02 Listed $115,000 MiRealSource-MiMLS
• 2026-03-02 Listing Removed — MiRealSource-MiMLS
• 2026-01-06 Price Changed $115,000 MiRealSource-MiMLS
• 2026-01-05 Price Changed $115,000 REALCOMP
• 2025-11-28 Listed $120,000 REALCOMP
• 2025-11-28 Listed $120,000 MiRealSource-MiMLS
• 2025-11-07 Listing Removed — MiRealSource-MiMLS
• 2025-11-05 Relisted — MiRealSource-MiMLS
• 2025-11-05 Relisted — REALCOMP
• 2025-10-27 Contingent — MiRealSource-MiMLS
• 2025-10-27 Contingent — REALCOMP
• 2025-09-15 Pending — MiRealSource-MiMLS
• 2025-09-15 Pending — REALCOMP
• 2025-09-15 Listing Removed — REALCOMP
• 2025-09-05 Contingent — MiRealSource-MiMLS
• 2025-09-05 Contingent — REALCOMP
• 2025-08-28 Price Changed $121,000 MiRealSource-MiMLS
• 2025-08-28 Price Changed $121,000 REALCOMP
• 2025-08-11 Price Changed $124,000 MiRealSource-MiMLS
• 2025-08-11 Price Changed $124,000 REALCOMP
• 2025-07-30 Price Changed $129,000 MiRealSource-MiMLS
• 2025-07-29 Price Changed $129,000 REALCOMP
• 2025-07-14 Price Changed $134,000 MiRealSource-MiMLS
• 2025-07-14 Price Changed $134,000 REALCOMP
• 2025-06-30 Listed $139,000 REALCOMP
• 2025-06-30 Listed $139,000 MiRealSource-MiMLS
• 2017-09-25 Sold (MLS) $21,000 MiRealSource-MiMLS
• 2017-09-25 Sold (MLS) $21,000 REALCOMP
• 2017-09-03 Pending — MiRealSource-MiMLS
• 2017-09-03 Pending — REALCOMP
• 2017-08-30 Price Changed $25,000 MiRealSource-MiMLS
• 2017-08-29 Price Changed $25,000 REALCOMP
• 2017-07-29 Price Changed $29,000 MiRealSource-MiMLS
• 2017-07-29 Price Changed $29,000 REALCOMP
• 2017-07-20 Listed $32,000 MiRealSource-MiMLS
• 2017-07-20 Listed $32,000 REALCOMP
• 2012-12-09 Listing Removed — MiRealSource-MiMLS
• 2012-06-08 Listed $10,000 MiRealSource-MiMLS
• 2009-02-06 Sold (Public Records) $55,000 Public Records
• 2008-12-23 Listing Removed — REALCOMP
• 2008-10-02 Listed $15,000 REALCOMP
• 1991-04-16 Sold (Public Records) $17,064 Public Records

Property tax history

-5.0%/yr

Latest (2025): $1,232 · -53.9% YoY. Source: county tax records.