19424 Orleans St · Detroit, MI 48203

$79,000

3 bd · 1.0 ba · 1,142 sqft · SingleFamily public records · 60 Days on market

Built 1940 4,356 sqft lot $69/sqft · 12% above area Est $57k · 38% over

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

Listing remarks MLS

Discover this beautifully updated home offering the perfect blend of modern comfort and strong investment potential. This property has been thoughtfully refreshed from top to bottom - featuring a new roof, new windows, updated mechanicals, fresh interior paint, and new laminate flooring throughout. The kitchen and bathrooms have been completely remodeled with stylish ceramic tile and contemporary finishes, delivering a clean, move-in-ready feel from day one. All electrical updates have been completed with approved permits, giving buyers added peace of mind. Whether you're an owner-occupant or a savvy investor, this home checks every box. With a 20% down payment, this property projects a 14% return on investment - making it a compelling addition to any portfolio. Investors will appreciate the strong cash-flow potential in a market with consistent rental demand. Conveniently situated near schools, shopping, and just minutes from Downtown Detroit, this home offers both everyday convenience and long-term value. The seller may also consider repairing the garage for an adjusted purchase price, adding even more upside opportunity. Don't miss this turnkey gem - schedule your private showing today!

Key facts

• 4,356 sq ft lot
• Garage
• Built 1940

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $574 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $77k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 10.0% 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: 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.
• Zoned schools: Nolan Elementarymiddle School (math 5% / reading 5%, grade F, #1,325 of 1,397 statewide, top 99%, 449 students, 95% FRL); Pershing High School (math 10% / reading 10%, grade F, #659 of 713 statewide, top 97%, 408 students, 89% FRL) — zoned schools at 92% FRL track the district average.
• Market conditions: 219 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 42% of the median local income ($38k/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 $546 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 $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 10 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 $35k; list at $79k implies a 126% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $76,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.70% ✓
• Cap rate: 15.01%
• Cash-on-cash: 31.12%
• DSCR: 2.38
• GRM: 4.9

CMA / ARV

• ARV (median comp): $57,380
• List price: $79,000
• Delta: 37.68%
• 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
19181 Marx St	0.21mi	3/1.0	1,152 (+1%)	1mo	$40,500	$35	88
19710 Greeley St	0.19mi	3/1.5	1,143 (+0%)	3mo	$80,000	$70	86
19711 Greeley St	0.21mi	3/1.0	1,125 (-2%)	4mo	$75,000	$67	84
19145 Riopelle St	0.27mi	3/2.0	1,152 (+1%)	3mo	$80,000	$69	80
19365 Goddard St	0.35mi	3/1.0	1,100 (-4%)	1mo	$97,500	$89	77
19163 Orleans St	0.23mi	2/1.0 (-1)	1,080 (-5%)	2mo	$32,500	$30	73
19640 Yacama Rd	0.59mi	3/1.0	1,156 (+1%)	1mo	$15,000	$13	69
1737 E Outer Dr	0.52mi	3/1.5	1,124 (-2%)	4mo	$96,000	$85	67
20041 Marx St	0.34mi	3/1.5	1,233 (+8%)	2mo	$130,500	$106	67
20473 Greeley St	0.63mi	3/1.0	1,179 (+3%)	0mo	$47,000	$40	65
19662 Charest St	0.72mi	3/1.0	1,041 (-9%)	2mo	$69,000	$66	50
18101 Marx St	0.72mi	3/1.5	1,291 (+13%)	2mo	$37,500	$29	40

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: 25.9%
• Equity multiple: 2.07×
• Total profit: $23,722
• Equity at exit: $11,779

10-year hold

• IRR: 33.6%
• Equity multiple: 4.06×
• Total profit: $67,644
• Equity at exit: $6,830

Cash invested: $22,120 (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: 219
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,344 high
• Mortgage (P&I): −$414
• Tax from tax record: −$41 /mo · $493/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $574

Break-even live

Break-even rent $618

Max offer price $79,000

Occupancy floor 52%

Sensitivity live

Price	-10% $618	-5% $596	+0% $574	+5% $551	+10% $529
Rent	-10% $467	-5% $521	+0% $574	+5% $627	+10% $680
Rate	-1.0pp $613	-0.5pp $594	base $574	+0.5pp $553	+1.0pp $532

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18882 Marx St Highland Park, MI	2.0	1.0	1000	$1,300	$1.30	46d	1	0.37mi
19995 Goddard St Detroit, MI	4.0	1.0	1292	$1,400	$1.08	24d	1	0.49mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	27d	1	0.55mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	19d	1	0.57mi
18503 Riopelle St Highland Park, MI	3.0	1.0	1254	$1,250	$1.00	7d	1	0.61mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	17d	1	0.77mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	19d	1	0.77mi
18084 Goddard St Detroit, MI	2.0	1.5	790	$1,050	$1.33	19d	1	0.78mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	19d	1	0.78mi
19703 Keating St Highland Park, MI	3.0	1.0	1000	$1,200	$1.20	19d	1	0.81mi
1301 E Muir Ave Hazel Park, MI	3.0	2.0	1236	$1,600	$1.29	24d	1	0.83mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	46d	1	0.85mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	27d	1	0.86mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	7d	1	0.91mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	27d	1	0.96mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI	3.0	1.0	1033	$5,281	$5.11	0d	1	0.99mi
1211 E Bernhard Ave Hazel Park, MI	2.0	1.0	721	$1,500	$2.08	27d	1	1.04mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	27d	1	1.06mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	1.09mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	24d	1	1.12mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	27d	1	1.13mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	20d	1	1.15mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,448	$5.88	0d	1	1.15mi
407 E Hayes Ave Hazel Park, MI	3.0	1.0	1000	$1,750	$1.75	27d	1	1.18mi
429 E Milton Ave Hazel Park, MI	3.0	2.0	1075	$1,595	$1.48	2d	1	1.21mi
404 W Golden Gate Highland Park, MI	2.0	1.0	1050	$1,100	$1.05	46d	1	1.26mi
406 W Goldengate St Detroit, MI	2.0	1.0	1050	$1,100	$1.05	46d	1	1.26mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	20d	1	1.33mi
155 W George Ave Hazel Park, MI	2.0	1.0	725	$1,000	$1.38	27d	1	1.33mi
574 W Golden Gate Highland Park, MI	3.0	1.0	1315	$1,300	$0.99	46d	1	1.41mi
1731 E Pearl Ave Hazel Park, MI	3.0	1.0	844	$1,500	$1.78	23d	1	1.46mi

Listing history 34 events

1. 2026-06-15
   statusdays on market $79,000 Pending 60 DOM
2. 2026-06-13
   days on market $79,000 Active 59 DOM
3. 2026-06-13
   days on market $79,000 Active 58 DOM
4. 2026-06-09
   days on market $79,000 Active 55 DOM
5. 2026-06-08
   days on market $79,000 Active 54 DOM
6. 2026-06-07
   days on market $79,000 Active 53 DOM
7. 2026-06-04
   days on market $79,000 Active 50 DOM
8. 2026-06-03
   days on market $79,000 Active 49 DOM
9. 2026-06-02
   days on market $79,000 Active 48 DOM
10. 2026-06-01
    days on market $79,000 Active 47 DOM
11. 2026-05-31
    days on market $79,000 Active 46 DOM
12. 2026-05-06
    price $79,000 1214-char remark

    Show marketing remark (1226 chars)

    Discover this beautifully updated home offering the perfect blend of modern comfort and strong investment potential. This property has been thoughtfully refreshed from top to bottom — featuring a new roof, new windows, updated mechanicals, fresh interior paint, and new laminate flooring throughout. The kitchen and bathrooms have been completely remodeled with stylish ceramic tile and contemporary finishes, delivering a clean, move-in-ready feel from day one. All electrical updates have been completed with approved permits, giving buyers added peace of mind. Whether you're an owner-occupant or a savvy investor, this home checks every box. With a 20% down payment, this property projects a 14% return on investment — making it a compelling addition to any portfolio. Investors will appreciate the strong cash-flow potential in a market with consistent rental demand. Conveniently situated near schools, shopping, and just minutes from Downtown Detroit, this home offers both everyday convenience and long-term value. The seller may also consider repairing the garage for an adjusted purchase price, adding even more upside opportunity. Don't miss this turnkey gem — schedule your private showing today!

13. 2026-05-06
    price $79,000 1226-char remark

    Show marketing remark (1226 chars)

    Discover this beautifully updated home offering the perfect blend of modern comfort and strong investment potential. This property has been thoughtfully refreshed from top to bottom — featuring a new roof, new windows, updated mechanicals, fresh interior paint, and new laminate flooring throughout. The kitchen and bathrooms have been completely remodeled with stylish ceramic tile and contemporary finishes, delivering a clean, move-in-ready feel from day one. All electrical updates have been completed with approved permits, giving buyers added peace of mind. Whether you're an owner-occupant or a savvy investor, this home checks every box. With a 20% down payment, this property projects a 14% return on investment — making it a compelling addition to any portfolio. Investors will appreciate the strong cash-flow potential in a market with consistent rental demand. Conveniently situated near schools, shopping, and just minutes from Downtown Detroit, this home offers both everyday convenience and long-term value. The seller may also consider repairing the garage for an adjusted purchase price, adding even more upside opportunity. Don't miss this turnkey gem — schedule your private showing today!

14. 2026-04-15
    listed $79,900 Active 1226-char remark

    Show marketing remark (1214 chars)

    Discover this beautifully updated home offering the perfect blend of modern comfort and strong investment potential. This property has been thoughtfully refreshed from top to bottom - featuring a new roof, new windows, updated mechanicals, fresh interior paint, and new laminate flooring throughout. The kitchen and bathrooms have been completely remodeled with stylish ceramic tile and contemporary finishes, delivering a clean, move-in-ready feel from day one. All electrical updates have been completed with approved permits, giving buyers added peace of mind. Whether you're an owner-occupant or a savvy investor, this home checks every box. With a 20% down payment, this property projects a 14% return on investment - making it a compelling addition to any portfolio. Investors will appreciate the strong cash-flow potential in a market with consistent rental demand. Conveniently situated near schools, shopping, and just minutes from Downtown Detroit, this home offers both everyday convenience and long-term value. The seller may also consider repairing the garage for an adjusted purchase price, adding even more upside opportunity. Don't miss this turnkey gem - schedule your private showing today!

15. 2026-04-15
    listed $79,900 Active 1214-char remark

    Show marketing remark (1214 chars)

    Discover this beautifully updated home offering the perfect blend of modern comfort and strong investment potential. This property has been thoughtfully refreshed from top to bottom - featuring a new roof, new windows, updated mechanicals, fresh interior paint, and new laminate flooring throughout. The kitchen and bathrooms have been completely remodeled with stylish ceramic tile and contemporary finishes, delivering a clean, move-in-ready feel from day one. All electrical updates have been completed with approved permits, giving buyers added peace of mind. Whether you're an owner-occupant or a savvy investor, this home checks every box. With a 20% down payment, this property projects a 14% return on investment - making it a compelling addition to any portfolio. Investors will appreciate the strong cash-flow potential in a market with consistent rental demand. Conveniently situated near schools, shopping, and just minutes from Downtown Detroit, this home offers both everyday convenience and long-term value. The seller may also consider repairing the garage for an adjusted purchase price, adding even more upside opportunity. Don't miss this turnkey gem - schedule your private showing today!

16. 2026-04-14
    historical
17. 2026-04-14
    status Active
18. 2026-03-02
    status Pending
19. 2026-03-02
    status Pending
20. 2026-03-02
    historical
21. 2026-01-23
    listed $79,900 Active
22. 2026-01-23
    listed $79,900 Active
23. 2026-01-22
    historical
24. 2025-12-18
    historical
25. 2025-12-18
    historical
26. 2025-10-27
    listed $94,900 Active
27. 2025-10-27
    listed $94,900 Active
28. 2014-06-16
    historical
29. 2014-06-16
    historical
30. 2014-03-07
    listed $1,000
31. 2014-03-07
    listed $1,000
32. 2008-06-03
    historical
33. 2008-04-30
    listed $3,000
34. 1996-11-13
    soldstatus $35,000

ⓘ 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: $493 · $41/mo
• Projected year-2 tax: $855 · $71/mo
• Expected delta: +$362/yr (+$30/mo · 73.4%)

ⓘ 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: $16,131
• − Mortgage interest: −$4,425
• − Property taxes: −$493
• − Insurance: −$395
• − Repairs & maintenance: −$1,290
• − Management: −$1,290
• − Depreciation: −$2,298
• Taxable income: $5,939
• Est. tax owed @ 24.0%: −$1,425
• After-tax cash flow: $5,459/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

+125.7% since first listed

23 events — show timeline

• 2026-05-06 Price Changed $79,000 MiRealSource-MiMLS
• 2026-05-06 Price Changed $79,000 REALCOMP
• 2026-04-15 Listed $79,900 REALCOMP
• 2026-04-15 Listed $79,900 MiRealSource-MiMLS
• 2026-04-14 Listing Removed — MiRealSource-MiMLS
• 2026-04-14 Relisted — REALCOMP
• 2026-03-02 Pending — MiRealSource-MiMLS
• 2026-03-02 Pending — REALCOMP
• 2026-03-02 Listing Removed — REALCOMP
• 2026-01-23 Listed $79,900 MiRealSource-MiMLS
• 2026-01-23 Listed $79,900 REALCOMP
• 2026-01-22 Coming Soon — MiRealSource-MiMLS
• 2025-12-18 Listing Removed — MiRealSource-MiMLS
• 2025-12-18 Listing Removed — REALCOMP
• 2025-10-27 Listed $94,900 REALCOMP
• 2025-10-27 Listed $94,900 MiRealSource-MiMLS
• 2014-06-16 Listing Removed — MiRealSource-MiMLS
• 2014-06-16 Listing Removed — REALCOMP
• 2014-03-07 Listed $1,000 MiRealSource-MiMLS
• 2014-03-07 Listed $1,000 REALCOMP
• 2008-06-03 Listing Removed — REALCOMP
• 2008-04-30 Listed $3,000 REALCOMP
• 1996-11-13 Sold (Public Records) $35,000 Public Records

Property tax history

+3.9%/yr

Latest (2025): $493 · +146.5% YoY. Source: county tax records.