19174 Marx St · Detroit, MI 48203

$59,900

5 bd · 1.0 ba · 981 sqft · SingleFamily public records · 245 Days on market

Built 1925 3,485 sqft lot $61/sqft · at area comps Est $60k · at est.

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Why this score? — see what drove the B- grade

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

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.8/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Perfect for owner-occupant looking for sweat equity or investor looking to add to portfolio. Last rented with Section 8 for roughly $1,700+. Welcome to this 5 bedroom, 1 bath bungalow featuring living room, dining room, kitchen, two bedroom downstairs and three bedrooms upstairs. One of the standout features of this home is the spacious front porch, perfect for enjoying warm summer days and nights with your family. The kitchen was updated in 2023 and suffered a grease fire, the walls have been painted. Seller completed some of the repairs after the tenant was removed and had the entire home repainted. Home will need cleaning, tlc and some repairs. The fifth bedroom/bonus room on the upper level can be a versatile space for young children, teenagers, or a sitting room for relaxation. This bedroom is also a walkthrough. Most of the online photos were prior to tenant moving in to show what the home could look like restored again. The ending photos shows what some of the rooms look like currently painted. The basement of this home has be freshly painted, giving it a finished look that can be transformed into an entertaining theater or recreation room. Close to I-75 Freeway, Supermarkets, Convenient Stores, Schools - Henry Ford and Miller Elementary, Mumford High School and Public Library. MUST SEE EASY SHOWINGS!

Key facts

• Spacious front porch
• Updated kitchen
• 3,485 sq ft lot

Tags

• SPACIOUS FRONT PORCH
• UPDATED KITCHEN
• FRESHLY PAINTED BASEMENT
• FIFTH BEDROOM BONUS ROOM
• CLOSE TO I-75 FREEWAY
• CLOSE TO SUPERMARKETS

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $763 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.6% 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: 216 active listings in the ZIP; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,572/mo this rent would consume 49% of the median local household income ($38k/yr) (locally 1192% 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 $414 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 245 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 14y 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 $45k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $52,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 245 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 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 2.62% ✓
• Cap rate: 21.58%
• Cash-on-cash: 54.60%
• DSCR: 3.43
• GRM: 3.2

CMA / ARV

• ARV (median comp): $60,320
• List price: $59,900
• Delta: -0.70%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18597 Lumpkin St	0.34mi	4/1.0 (-1)	1,054 (+7%)	23mo	$75,000	$71	48
20031 Hawthorne St	0.71mi	4/2.0 (-1)	1,040 (+6%)	8mo	$121,000	$116	41
20040 Hanna St	0.63mi	4/1.0 (-1)	1,124 (+15%)	23mo	$41,417	$37	23

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 52.8%
• Equity multiple: 3.32×
• Total profit: $38,957
• Equity at exit: $8,931

10-year hold

• IRR: 58.1%
• Equity multiple: 6.77×
• Total profit: $96,762
• Equity at exit: $5,179

Cash invested: $16,772 (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 48203

• Home prices YoY: -23.3%
• Active inventory: 216
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,572 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$140 /mo · $1,680/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $763

Break-even live

Break-even rent $606

Max offer price $59,900

Occupancy floor 46%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Listing history 36 events

1. 2026-06-18
   days on market $59,900 Active 245 DOM
2. 2026-06-17
   days on market $59,900 Active 244 DOM
3. 2026-06-15
   days on market $59,900 Active 242 DOM
4. 2026-06-13
   days on market $59,900 Active 240 DOM
5. 2026-06-13
   days on market $59,900 Active 239 DOM
6. 2026-06-09
   days on market $59,900 Active 236 DOM
7. 2026-06-08
   days on market $59,900 Active 235 DOM
8. 2026-06-07
   days on market $59,900 Active 234 DOM
9. 2026-06-04
   days on market $59,900 Active 231 DOM
10. 2026-06-03
    days on market $59,900 Active 230 DOM
11. 2026-06-01
    days on market $59,900 Active 228 DOM
12. 2026-05-31
    days on market $59,900 Active 227 DOM
13. 2025-10-16
    listed $59,900 Active 1329-char remark

    Show marketing remark (1329 chars)

    Perfect for owner-occupant looking for sweat equity or investor looking to add to portfolio. Last rented with Section 8 for roughly $1,700+. Welcome to this 5 bedroom, 1 bath bungalow featuring living room, dining room, kitchen, two bedroom downstairs and three bedrooms upstairs. One of the standout features of this home is the spacious front porch, perfect for enjoying warm summer days and nights with your family. The kitchen was updated in 2023 and suffered a grease fire, the walls have been painted. Seller completed some of the repairs after the tenant was removed and had the entire home repainted. Home will need cleaning, tlc and some repairs. The fifth bedroom/bonus room on the upper level can be a versatile space for young children, teenagers, or a sitting room for relaxation. This bedroom is also a walkthrough. Most of the online photos were prior to tenant moving in to show what the home could look like restored again. The ending photos shows what some of the rooms look like currently painted. The basement of this home has be freshly painted, giving it a finished look that can be transformed into an entertaining theater or recreation room. Close to I-75 Freeway, Supermarkets, Convenient Stores, Schools - Henry Ford and Miller Elementary, Mumford High School and Public Library. MUST SEE EASY SHOWINGS!

14. 2025-10-16
    listed $59,900 Active 1329-char remark

    Show marketing remark (1329 chars)

    Perfect for owner-occupant looking for sweat equity or investor looking to add to portfolio. Last rented with Section 8 for roughly $1,700+. Welcome to this 5 bedroom, 1 bath bungalow featuring living room, dining room, kitchen, two bedroom downstairs and three bedrooms upstairs. One of the standout features of this home is the spacious front porch, perfect for enjoying warm summer days and nights with your family. The kitchen was updated in 2023 and suffered a grease fire, the walls have been painted. Seller completed some of the repairs after the tenant was removed and had the entire home repainted. Home will need cleaning, tlc and some repairs. The fifth bedroom/bonus room on the upper level can be a versatile space for young children, teenagers, or a sitting room for relaxation. This bedroom is also a walkthrough. Most of the online photos were prior to tenant moving in to show what the home could look like restored again. The ending photos shows what some of the rooms look like currently painted. The basement of this home has be freshly painted, giving it a finished look that can be transformed into an entertaining theater or recreation room. Close to I-75 Freeway, Supermarkets, Convenient Stores, Schools - Henry Ford and Miller Elementary, Mumford High School and Public Library. MUST SEE EASY SHOWINGS!

15. 2023-11-17
    historical $1,700
16. 2023-11-01
    price $1,700
17. 2023-09-29
    price $1,400
18. 2023-08-18
    listed $1,675
19. 2023-07-28
    soldstatus $45,000
20. 2023-06-23
    soldstatus $45,000 Sold
21. 2023-06-23
    soldstatus $45,000 Closed
22. 2023-06-20
    status Pending
23. 2023-06-19
    status Pending
24. 2023-06-13
    price $49,000
25. 2023-06-13
    price $49,000
26. 2023-05-31
    price $54,900
27. 2023-05-31
    price $54,900
28. 2023-04-28
    price $58,500
29. 2023-04-27
    price $58,500
30. 2023-04-04
    listed $65,000 Active
31. 2023-04-04
    listed $65,000 Active
32. 2012-10-14
    historical
33. 2012-10-14
    historical
34. 2012-04-14
    listed $4,000
35. 2012-04-14
    listed $4,000
36. 1998-05-18
    soldstatus $10,182

ⓘ 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: $1,680 · $140/mo
• Projected year-2 tax: $1,680 · $140/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,868
• − Mortgage interest: −$3,355
• − Property taxes: −$1,680
• − Insurance: −$300
• − Repairs & maintenance: −$1,509
• − Management: −$1,509
• − Depreciation: −$1,743
• Taxable income: $8,772
• Est. tax owed @ 24.0%: −$2,105
• After-tax cash flow: $7,051/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): 20,049
• Household income: $38,404
• Rent vs Own: 48.7% rent · 51.3% own
• Severe rent burden: 1192.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -90.13%
• Current HPI: 297.0176
• Rent YoY: —
• 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

+488.3% since first listed

24 events — show timeline

• 2025-10-16 Listed $59,900 REALCOMP
• 2025-10-16 Listed $59,900 MiRealSource-MiMLS
• 2023-11-17 Rental Removed $1,700 REALCOMP
• 2023-11-01 Price Changed $1,700 REALCOMP
• 2023-09-29 Price Changed $1,400 REALCOMP
• 2023-08-18 Listed for Rent $1,675 REALCOMP
• 2023-07-28 Sold (Public Records) $45,000 Public Records
• 2023-06-23 Sold (MLS) $45,000 MiRealSource-MiMLS
• 2023-06-23 Sold (MLS) $45,000 REALCOMP
• 2023-06-20 Pending — MiRealSource-MiMLS
• 2023-06-19 Pending — REALCOMP
• 2023-06-13 Price Changed $49,000 MiRealSource-MiMLS
• 2023-06-13 Price Changed $49,000 REALCOMP
• 2023-05-31 Price Changed $54,900 MiRealSource-MiMLS
• 2023-05-31 Price Changed $54,900 REALCOMP
• 2023-04-28 Price Changed $58,500 MiRealSource-MiMLS
• 2023-04-27 Price Changed $58,500 REALCOMP
• 2023-04-04 Listed $65,000 MiRealSource-MiMLS
• 2023-04-04 Listed $65,000 REALCOMP
• 2012-10-14 Listing Removed — MiRealSource-MiMLS
• 2012-10-14 Listing Removed — REALCOMP
• 2012-04-14 Listed $4,000 MiRealSource-MiMLS
• 2012-04-14 Listed $4,000 REALCOMP
• 1998-05-18 Sold (Public Records) $10,182 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,680 · -9.7% YoY. Source: county tax records.