19192 Strasburg St · Detroit, MI 48205

$69,000

3 bd · 1.0 ba · 1,408 sqft · SingleFamily public records · 372 Days on market

Built 1928 4,356 sqft lot $49/sqft · at area comps Est $67k · 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 +6.5/15.0
• 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

Listing remarks MLS

INVESTOR SPECIAL: 1400+ SQ FT COLONIAL WITH CURB APPEAL AND ROI OF 10 PERCENT!!! Stunning Brick 3 Bed colonial on a quiet east Detroit block. This home is spacious and features 3 nice size bedrooms, 1 1/2 baths, living room, dining room, natural fireplace and sunroom. Exterior features include a 3D shingled roof, vinyl windows, security doors, detached garage and private lot. Professionally managed and turnkey ready for a savvy investor. With a great location near Osborn high school, shopping and many dining options, this rental is always in demand. Add this cash flow gem to your portfolio!!! Lease and ledger available upon request. Purchaser to pay $495 processing fee to the listing broker at closing.

Key facts

• Vinyl windows
• Private lot
• Natural fireplace

Tags

• NATURAL FIREPLACE
• 3D SHINGLED ROOF
• VINYL WINDOWS
• SECURITY DOORS
• PRIVATE LOT
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $500 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.0% 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; 40 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 43% 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 $477 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 + 1.3% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 372 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 3y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 372 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 1928 — 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: 2.01% ✓
• Cap rate: 14.99%
• Cash-on-cash: 31.05%
• DSCR: 2.38
• GRM: 4.2

CMA / ARV

• ARV (median comp): $67,468
• List price: $69,000
• Delta: 2.27%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19360 Strasburg St	0.08mi	3/1.5	1,340 (-5%)	8mo	$105,000	$78	80
19394 Barlow St	0.16mi	3/1.0	1,350 (-4%)	9mo	$55,000	$41	78
19521 Strasburg St	0.17mi	4/1.5 (+1)	1,381 (-2%)	6mo	$135,000	$98	76
19965 Barlow St	0.50mi	3/1.0	1,342 (-5%)	9mo	$55,000	$41	61
18680 Westphalia St	0.41mi	4/1.0 (+1)	1,247 (-11%)	0mo	$75,000	$60	57
18903 Westphalia St	0.35mi	3/2.0	1,250 (-11%)	8mo	$130,000	$104	54
13630 Eastwood St	0.74mi	4/1.5 (+1)	1,403 (-0%)	8mo	$135,000	$96	51
18946 Beland St	0.61mi	2/1.0 (-1)	1,306 (-7%)	4mo	$43,000	$33	51
13351 Tacoma St	0.63mi	2/1.0 (-1)	1,521 (+8%)	2mo	$95,000	$62	51
18652 Goulburn St	0.38mi	4/1.0 (+1)	1,200 (-15%)	2mo	$23,000	$19	51
18431 Teppert St	0.71mi	4/1.0 (+1)	1,200 (-15%)	2mo	$67,500	$56	35
11821 Greiner St	0.64mi	4/1.5 (+1)	1,198 (-15%)	7mo	$26,000	$22	32

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: 23.8%
• Equity multiple: 1.96×
• Total profit: $18,459
• Equity at exit: $10,288

10-year hold

• IRR: 30.5%
• Equity multiple: 3.50×
• Total profit: $48,364
• Equity at exit: $5,966

Cash invested: $19,320 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,384 high
• Mortgage (P&I): −$362
• Tax from tax record: −$203 /mo · $2,437/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $500

Break-even live

Break-even rent $752

Max offer price $69,000

Occupancy floor 59%

Sensitivity live

Price	-10% $539	-5% $519	+0% $500	+5% $480	+10% $461
Rent	-10% $390	-5% $445	+0% $500	+5% $555	+10% $609
Rate	-1.0pp $535	-0.5pp $517	base $500	+0.5pp $482	+1.0pp $464

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	18d	1	0.27mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.27mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	0.28mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	18d	1	0.31mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	18d	1	0.33mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	18d	1	0.40mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	44d	1	0.42mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.48mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	18d	1	0.48mi
18947 Runyon St Detroit, MI	3.0	1.0	1614	$1,100	$0.68	44d	1	0.52mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	18d	1	0.63mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	18d	1	0.67mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	44d	1	0.70mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	2d	1	0.70mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	18d	1	0.73mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	18d	1	0.74mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	18d	1	0.76mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	18d	1	0.77mi
20290 Annott St Detroit, MI	3.0	1.0	1300	$1,250	$0.96	18d	1	0.77mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	4d	1	0.84mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	18d	1	0.90mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.93mi
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	18d	1	0.98mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	1.01mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	1.05mi
13693 Edmore Dr Detroit, MI	3.0	1.5	1269	$1,550	$1.22	12d	1	1.06mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	18d	1	1.23mi
14481 Maddelein St Detroit, MI	3.0	1.0	1200	$1,100	$0.92	44d	1	1.25mi
11785 Nashville St Detroit, MI	3.0	2.0	1360	$1,450	$1.07	4d	1	1.26mi
11377 Sherman Ave Warren, MI	3.0	1.0	1200	$1,400	$1.17	24d	1	1.27mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	44d	1	1.27mi
14504 Coram St Detroit, MI	3.0	1.0	1203	$1,175	$0.98	24d	1	1.28mi
11760 Nashville St Detroit, MI	3.0	1.0	1200	$1,250	$1.04	18d	1	1.30mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	24d	1	1.31mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	13d	1	1.32mi
14134 Collingham Dr Detroit, MI	3.0	1.5	1300	$1,350	$1.04	44d	1	1.32mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	1.35mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	44d	1	1.37mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	18d	1	1.37mi
14201 Mayfield St Detroit, MI	4.0	1.5	1296	$1,250	$0.96	44d	1	1.43mi

Listing history 33 events

1. 2026-06-18
   days on market $69,000 Active 372 DOM
2. 2026-06-17
   days on market $69,000 Active 371 DOM
3. 2026-06-15
   days on market $69,000 Active 369 DOM
4. 2026-06-13
   days on market $69,000 Active 367 DOM
5. 2026-06-13
   days on market $69,000 Active 366 DOM
6. 2026-06-09
   days on market $69,000 Active 363 DOM
7. 2026-06-08
   days on market $69,000 Active 362 DOM
8. 2026-06-07
   days on market $69,000 Active 361 DOM
9. 2026-06-04
   days on market $69,000 Active 358 DOM
10. 2026-06-03
    days on market $69,000 Active 357 DOM
11. 2026-06-01
    days on market $69,000 Active 355 DOM
12. 2026-05-31
    days on market $69,000 Active 354 DOM
13. 2025-09-05
    price $69,000 711-char remark

    Show marketing remark (711 chars)

    INVESTOR SPECIAL: 1400+ SQ FT COLONIAL WITH CURB APPEAL AND ROI OF 10 PERCENT!!! Stunning Brick 3 Bed colonial on a quiet east Detroit block. This home is spacious and features 3 nice size bedrooms, 1 1/2 baths, living room, dining room, natural fireplace and sunroom. Exterior features include a 3D shingled roof, vinyl windows, security doors, detached garage and private lot. Professionally managed and turnkey ready for a savvy investor. With a great location near Osborn high school, shopping and many dining options, this rental is always in demand. Add this cash flow gem to your portfolio!!! Lease and ledger available upon request. Purchaser to pay $495 processing fee to the listing broker at closing.

14. 2025-09-04
    price $69,000 712-char remark

    Show marketing remark (712 chars)

    INVESTOR SPECIAL: 1400+ SQ FT COLONIAL WITH CURB APPEAL AND ROI OF 10 PERCENT!!! Stunning Brick 3 Bed colonial on a quiet east Detroit block. This home is spacious and features 3 nice size bedrooms, 1 1/2 baths, living room, dining room, natural fireplace and sunroom. Exterior features include a 3D shingled roof, vinyl windows, security doors, detached garage and private lot. Professionally managed and turnkey ready for a savvy investor. With a great location near Osborn high school, shopping and many dining options, this rental is always in demand. Add this cash flow gem to your portfolio!!! Lease and ledger available upon request. Purchaser to pay $495 processing fee to the listing broker at closing.

15. 2025-06-11
    listed $74,000 Active 711-char remark

    Show marketing remark (712 chars)

    INVESTOR SPECIAL: 1400+ SQ FT COLONIAL WITH CURB APPEAL AND ROI OF 10 PERCENT!!! Stunning Brick 3 Bed colonial on a quiet east Detroit block. This home is spacious and features 3 nice size bedrooms, 1 1/2 baths, living room, dining room, natural fireplace and sunroom. Exterior features include a 3D shingled roof, vinyl windows, security doors, detached garage and private lot. Professionally managed and turnkey ready for a savvy investor. With a great location near Osborn high school, shopping and many dining options, this rental is always in demand. Add this cash flow gem to your portfolio!!! Lease and ledger available upon request. Purchaser to pay $495 processing fee to the listing broker at closing.

16. 2025-06-11
    listed $74,000 Active 712-char remark

    Show marketing remark (712 chars)

    INVESTOR SPECIAL: 1400+ SQ FT COLONIAL WITH CURB APPEAL AND ROI OF 10 PERCENT!!! Stunning Brick 3 Bed colonial on a quiet east Detroit block. This home is spacious and features 3 nice size bedrooms, 1 1/2 baths, living room, dining room, natural fireplace and sunroom. Exterior features include a 3D shingled roof, vinyl windows, security doors, detached garage and private lot. Professionally managed and turnkey ready for a savvy investor. With a great location near Osborn high school, shopping and many dining options, this rental is always in demand. Add this cash flow gem to your portfolio!!! Lease and ledger available upon request. Purchaser to pay $495 processing fee to the listing broker at closing.

17. 2025-04-15
    historical
18. 2025-04-15
    historical
19. 2024-12-04
    listed $74,000 Active
20. 2024-12-04
    listed $74,000 Active
21. 2024-11-05
    historical
22. 2024-11-05
    historical
23. 2024-06-09
    listed $74,000 Active
24. 2024-06-09
    listed $74,000 Active
25. 2024-05-31
    historical
26. 2024-05-31
    historical
27. 2024-03-21
    price $72,000
28. 2024-03-21
    price $72,000
29. 2023-12-12
    listed $75,000 Active
30. 2023-12-12
    listed $75,000 Active
31. 2022-03-21
    soldstatus $64,000
32. 2018-10-09
    soldstatus $46,500
33. 2013-09-11
    soldstatus $48,500

ⓘ 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: $2,437 · $203/mo
• Projected year-2 tax: $2,437 · $203/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 ≥96°F today · 14 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: $16,611
• − Mortgage interest: −$3,865
• − Property taxes: −$2,437
• − Insurance: −$345
• − Repairs & maintenance: −$1,329
• − Management: −$1,329
• − Depreciation: −$2,007
• Taxable income: $5,298
• Est. tax owed @ 24.0%: −$1,272
• After-tax cash flow: $4,726/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
▸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

+42.3% since first listed

21 events — show timeline

• 2025-09-05 Price Changed $69,000 MiRealSource-MiMLS
• 2025-09-04 Price Changed $69,000 REALCOMP
• 2025-06-11 Listed $74,000 REALCOMP
• 2025-06-11 Listed $74,000 MiRealSource-MiMLS
• 2025-04-15 Listing Removed — REALCOMP
• 2025-04-15 Listing Removed — MiRealSource-MiMLS
• 2024-12-04 Listed $74,000 REALCOMP
• 2024-12-04 Listed $74,000 MiRealSource-MiMLS
• 2024-11-05 Listing Removed — MiRealSource-MiMLS
• 2024-11-05 Listing Removed — REALCOMP
• 2024-06-09 Listed $74,000 MiRealSource-MiMLS
• 2024-06-09 Listed $74,000 REALCOMP
• 2024-05-31 Listing Removed — MiRealSource-MiMLS
• 2024-05-31 Listing Removed — REALCOMP
• 2024-03-21 Price Changed $72,000 MiRealSource-MiMLS
• 2024-03-21 Price Changed $72,000 REALCOMP
• 2023-12-12 Listed $75,000 MiRealSource-MiMLS
• 2023-12-12 Listed $75,000 REALCOMP
• 2022-03-21 Sold (Public Records) $64,000 Public Records
• 2018-10-09 Sold (Public Records) $46,500 Public Records
• 2013-09-11 Sold (Public Records) $48,500 Public Records

Property tax history

+0.9%/yr

Latest (2025): $2,437 · -37.9% YoY. Source: county tax records.