15326 Rutherford 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 98°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 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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Rent growth +3.9/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$70,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
Key facts
- 4,356 sq ft lot
- Built 1925
- Listed 75 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/1.5-bath single-family listed at $70k.
Deal economics
- At list price, monthly cash flow is $618 ($7k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $70k).
- Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
- Cap rate 16.9% 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 fast (+5.6%/yr); 385 active listings in the ZIP; 32 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 $1,486/mo this rent would consume 49% of the median local household income ($37k/yr) (locally 2371% 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 $484 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 + 5.6% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.
Negotiation context
- It's been on market 75 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
- 22 sale attempts since 24y 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.
Risks & watch-outs
- Watch-outs: property tax is 2.7% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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?
- 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
- 2.12% ✓
- Cap rate
- 16.88%
- Cash-on-cash
- 37.83%
- DSCR
- 2.68
- GRM
- 3.9
CMA / ARV
- ARV (median comp)
- $114,215
- List price
- $70,000
- Delta
- -38.71%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 15361 Mansfield St | 0.09mi | 4/1.0 | 1,766 (+3%) | 2mo | $65,000 | $37 | 87 |
| 15482 Rutherford St | 0.16mi | 3/1.0 (-1) | 1,653 (-3%) | 0mo | $65,000 | $39 | 79 |
| 15357 Rutherford St | 0.05mi | 3/1.5 (-1) | 1,592 (-7%) | 2mo | $45,000 | $28 | 79 |
| 15501 Whitcomb St | 0.41mi | 4/1.5 | 1,609 (-6%) | 1mo | $90,000 | $56 | 70 |
| 14529 Asbury Park | 0.57mi | 4/2.0 | 1,688 (-1%) | 4mo | $127,500 | $76 | 66 |
| 14689 Forrer St | 0.40mi | 3/1.5 (-1) | 1,627 (-5%) | 3mo | $65,000 | $40 | 66 |
| 15530 Winthrop St | 0.29mi | 3/1.0 (-1) | 1,573 (-8%) | 3mo | $60,000 | $38 | 63 |
| 15762 Ferguson St | 0.39mi | 4/2.0 | 1,510 (-12%) | 4mo | $82,000 | $54 | 57 |
| 14634 Abington Ave | 0.57mi | 3/1.5 (-1) | 1,618 (-6%) | 4mo | $165,000 | $102 | 56 |
| 16601 Ferguson St | 0.74mi | 3/2.5 (-1) | 1,625 (-5%) | 1mo | $189,900 | $117 | 47 |
| 15455 Lindsay St St | 0.49mi | 3/2.0 (-1) | 1,500 (-12%) | 4mo | $198,000 | $132 | 46 |
| 15468 Robson St | 0.61mi | 3/2.0 (-1) | 1,950 (+14%) | 4mo | $195,000 | $100 | 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 · 5.59% rent growth · sell at horizon
- IRR
- 37.0%
- Equity multiple
- 2.64×
- Total profit
- $32,048
- Equity at exit
- $10,437
- IRR
- 45.0%
- Equity multiple
- 5.90×
- Total profit
- $96,045
- Equity at exit
- $6,052
Cash invested: $19,600 (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 48227
- Rents YoY
- 5.6%
- Active inventory
- 385
- Price-to-rent
- 3.9×
Monthly cashflow live
- Estimated rent
- $1,486 high interval (Pro) →
- Mortgage (P&I)
- −$367
- Tax from tax record
- −$160 /mo · $1,922/yr
- Insurance
- −$29
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$312
- Net cashflow
- $618
Break-even live
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
- $17,500
- Closing costs
- $2,100
- 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 32 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 15332 Saint Marys St Detroit, MI | 3.0 | 1.0 | 1200 | $1,200 | $1.00 | 16d | 1 | 0.10mi |
| 16014 Hackett St Detroit, MI | 4.0 | 2.0 | 1142 | $1,500 | $1.31 | 43d | 1 | 0.25mi |
| 15752 Rutherford St Detroit, MI | 3.0 | 2.0 | 1174 | $1,386 | $1.18 | 5d | 1 | 0.27mi |
| 14800 Woodmont Ave Detroit, MI | 3.0 | 2.0 | 1612 | $1,525 | $0.95 | 15d | 1 | 0.34mi |
| 15065 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 43d | 1 | 0.40mi |
| 15866 Mansfield St Detroit, MI | 3.0 | 1.0 | 1324 | $1,425 | $1.08 | 24d | 1 | 0.41mi |
| 14893 Prest St Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 15d | 1 | 0.42mi |
| 14504 Saint Marys St Detroit, MI | 4.0 | 1.0 | 1362 | $1,473 | $1.08 | 43d | 1 | 0.54mi |
| 14814 Sussex St Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,000 | $0.91 | 43d | 1 | 0.59mi |
| 16210 Ferguson St Detroit, MI | 4.0 | 2.0 | 1493 | $1,750 | $1.17 | 3d | 1 | 0.63mi |
| 15341 Lauder St Detroit, MI | 4.0 | 1.5 | 1080 | $1,475 | $1.37 | 16d | 1 | 0.63mi |
| 16535 Asbury Park Detroit, MI | 3.0 | 1.5 | 1152 | $1,450 | $1.26 | 24d | 1 | 0.67mi |
| 15810 Robson St Detroit, MI | 3.0 | 1.0 | 1142 | $1,500 | $1.31 | 24d | 1 | 0.69mi |
| 16151 Robson St Detroit, MI | 3.0 | 1.0 | 1300 | $1,525 | $1.17 | 15d | 1 | 0.77mi |
| 14375 Terry St Detroit, MI | 3.0 | 2.0 | 1300 | $1,425 | $1.10 | 43d | 1 | 0.86mi |
| 16837 Winthrop St Detroit, MI | 5.0 | 2.0 | 1500 | $2,000 | $1.33 | 20d | 1 | 0.89mi |
| 14600 Strathmoor St Detroit, MI | 4.0 | 1.0 | 1300 | $1,450 | $1.12 | 43d | 1 | 0.95mi |
| 15762 Mark Twain St Detroit, MI | 3.0 | 2.0 | 1430 | $1,250 | $0.87 | 16d | 1 | 0.95mi |
| 14104 Coyle St Detroit, MI | 3.0 | 1.0 | 1327 | $1,350 | $1.02 | 5d | 1 | 1.00mi |
| 17165 Prevost St Detroit, MI | 3.0 | 1.0 | 1060 | $2,400 | $2.26 | 1d | 1 | 1.03mi |
| 16876 Harlow Ave Unit (NO) Detroit, MI | 3.0 | 1.0 | 1250 | $1,350 | $1.08 | 43d | 1 | 1.06mi |
| 14590 Ardmore St Detroit, MI | 3.0 | 1.0 | 1200 | $1,195 | $1.00 | 2d | 1 | 1.10mi |
| 15387 Lesure St Detroit, MI | 3.0 | 1.0 | 1064 | $1,350 | $1.27 | 12d | 1 | 1.15mi |
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1700 | $1,345 | $0.79 | 43d | 1 | 1.27mi |
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 11d | 1 | 1.27mi |
| 14284 Cruse St Detroit, MI | 3.0 | 1.0 | 1121 | $1,150 | $1.03 | 16d | 1 | 1.27mi |
| 13279 Coyle St Detroit, MI | 3.0 | 1.0 | 1444 | $1,373 | $0.95 | 43d | 1 | 1.28mi |
| 16757 Greenview Ave Unit 1A Detroit, MI | 3.0 | 1.5 | 1600 | $1,500 | $0.94 | 5d | 1 | 1.29mi |
| 12840 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 43d | 1 | 1.35mi |
| 13331 Strathmoor St Detroit, MI | 3.0 | 1.0 | 1084 | $1,100 | $1.01 | 16d | 1 | 1.39mi |
| 16823 Stahelin Ave Detroit, MI | 3.0 | 2.5 | 1500 | $1,600 | $1.07 | 17d | 1 | 1.44mi |
| 13581 Penrod St Detroit, MI | 4.0 | 1.0 | 1152 | $1,200 | $1.04 | 43d | 1 | 1.44mi |
Listing history 50 events
-
2026-05-12status Pending 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-05-12status Pending 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-03-30status Active 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-03-30status Active 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-03-17status Pending 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-03-17status Pending 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-03-05status Active 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-03-05status Active 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-01-28status Pending 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-01-28status Pending 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-01-05$70,000 Active 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2026-01-05$70,000 Active 617-char remark
Show marketing remark (617 chars)
Nestled on Rutherford ST in Detroit, MI, discover the unique charm of this single-family residence, a property that holds the stories of generations within its walls. With a construction date reaching back to 1925, this home offers an opportunity to own a piece of Detroit's history. With four bedrooms, the home offers ample space for rest and rejuvenation, imagining each room as a personal sanctuary. This single-family residence located at 15326 Rutherford ST, Detroit, MI, presents an unmissable chance to own a home with enduring appeal. Purchaser to pay lising broker a $495 transaction fee at closing. BATVAI.
-
2019-01-28soldstatus $74,000
-
2018-10-25soldstatus $36,000 Sold
-
2018-10-25soldstatus $36,000 Closed
-
2018-10-11status Pending
-
2018-10-11status Pending
-
2018-09-27status Active
-
2018-09-27status Active
-
2018-09-26status Pending
-
2018-09-26status Pending
-
2018-09-20$39,000 Active
-
2018-09-20$39,000 Active
-
2016-09-06historical
-
2016-09-06historical
-
2016-07-19status Active
-
2016-07-19status Active
-
2016-06-09historical
-
2016-06-09historical
-
2016-06-04$30,000 Active
-
2016-06-04$30,000 Active
-
2016-05-19historical
-
2016-05-19historical
-
2016-04-15$44,999 Active
-
2015-09-19$44,999 Active
-
2008-05-16soldstatus $28,000
-
2008-05-16soldstatus $28,000
-
2007-12-11historical
-
2007-11-14$28,500
-
2007-08-02$28,500
-
2007-07-27historical
-
2007-04-23$33,750
-
2007-01-11historical
-
2006-09-11$125,900
-
2006-08-31historical
-
2006-05-31$125,900
-
2003-11-18soldstatus $115,000
-
2002-05-29soldstatus $125,000
-
2002-05-03soldstatus $62,035
-
2002-02-22$125,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MI · Partial reset (capped growth)
- Current annual tax
- $1,922 · $160/mo
- Projected year-2 tax
- $1,922 · $160/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 ≥98°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
- $17,837
- − Mortgage interest
- −$3,921
- − Property taxes
- −$1,922
- − Insurance
- −$350
- − Repairs & maintenance
- −$1,427
- − Management
- −$1,427
- − Depreciation
- −$2,036
- Taxable income
- $6,753
- Est. tax owed @ 24.0%
- −$1,621
- After-tax cash flow
- $5,793/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)
- 40,302
- Household income
- $36,527
- Rent vs Own
- Severe rent burden
- 2371.0
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 (95%)
- Race & ethnicity
- Black 95% Two or more races 3% White 1%
- Foreign-born
- 1%
- Languages at home
- 98% English-only · Spanish 1% 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
- ▼ -125.00%
- Current HPI
- 186.4158
- Rent YoY
- ▲ 5.59%
- 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
+20.7% since first listed52 events — show timeline
- 2026-05-12 Pending — MiRealSource-MiMLS
- 2026-05-12 Pending — REALCOMP
- 2026-03-30 Relisted — MiRealSource-MiMLS
- 2026-03-30 Relisted — REALCOMP
- 2026-03-17 Pending — MiRealSource-MiMLS
- 2026-03-17 Pending — REALCOMP
- 2026-03-05 Relisted — MiRealSource-MiMLS
- 2026-03-05 Relisted — REALCOMP
- 2026-01-28 Pending — MiRealSource-MiMLS
- 2026-01-28 Pending — REALCOMP
- 2026-01-05 Listed $70,000 REALCOMP
- 2026-01-05 Listed $70,000 MiRealSource-MiMLS
- 2019-01-28 Sold (Public Records) $74,000 Public Records
- 2018-10-25 Sold (MLS) $36,000 MiRealSource-MiMLS
- 2018-10-25 Sold (MLS) $36,000 REALCOMP
- 2018-10-11 Pending — MiRealSource-MiMLS
- 2018-10-11 Pending — REALCOMP
- 2018-09-27 Relisted — MiRealSource-MiMLS
- 2018-09-27 Relisted — REALCOMP
- 2018-09-26 Pending — MiRealSource-MiMLS
- 2018-09-26 Pending — REALCOMP
- 2018-09-20 Listed $39,000 MiRealSource-MiMLS
- 2018-09-20 Listed $39,000 REALCOMP
- 2016-09-06 Listing Removed — REALCOMP
- 2016-09-06 Listing Removed — MiRealSource-MiMLS
- 2016-07-19 Relisted — MiRealSource-MiMLS
- 2016-07-19 Relisted — REALCOMP
- 2016-06-09 Listing Removed — REALCOMP
- 2016-06-09 Listing Removed — MiRealSource-MiMLS
- 2016-06-04 Listed $30,000 MiRealSource-MiMLS
- 2016-06-04 Listed $30,000 REALCOMP
- 2016-05-19 Listing Removed — MiRealSource-MiMLS
- 2016-05-19 Listing Removed — REALCOMP
- 2016-04-15 Listed $44,999 MiRealSource-MiMLS
- 2015-09-19 Listed $44,999 REALCOMP
- 2008-05-16 Sold (MLS) $28,000 MiRealSource-MiMLS
- 2008-05-16 Sold (MLS) $28,000 REALCOMP
- 2007-12-11 Listing Removed — MiRealSource-MiMLS
- 2007-11-14 Listed $28,500 REALCOMP
- 2007-08-02 Listed $28,500 MiRealSource-MiMLS
- 2007-07-27 Listing Removed — MiRealSource-MiMLS
- 2007-04-23 Listed $33,750 MiRealSource-MiMLS
- 2007-01-11 Listing Removed — REALCOMP
- 2006-09-11 Listed $125,900 REALCOMP
- 2006-08-31 Listing Removed — REALCOMP
- 2006-05-31 Listed $125,900 REALCOMP
- 2003-11-18 Sold (Public Records) $115,000 Public Records
- 2002-05-29 Sold (MLS) $125,000 REALCOMP
- 2002-05-03 Sold (Public Records) $62,035 Public Records
- 2002-02-22 Listed $125,000 REALCOMP
- 1995-12-07 Sold (Public Records) $60,000 Public Records
- 1995-10-25 Sold (Public Records) $58,000 Public Records
Property tax history
+2.0%/yrLatest (2025): $1,922 · -54.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…