19458 Keystone St · Detroit, MI 48234

$85,000

2 bd · 1.0 ba · 734 sqft · SingleFamily public records · 44 Days on market

Built 1956 5,227 sqft lot $116/sqft · 51% above area

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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 +26.7/30.0
• DSCR +9.2/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• 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 to this charming, move-in ready brick ranch located on a desirable corner lot! This well-maintained 2-bedroom, 1-bath home offers the perfect blend of comfort, functionality, and value - ideal for first-time buyers or those looking to downsize into a cozy forever home. Step inside to a freshly painted interior featuring new carpeting throughout the spacious living room and both bedrooms, creating a warm and inviting atmosphere. The layout flows seamlessly from the living room into a dedicated eat-in kitchen, where durable ceramic flooring adds both style and practicality. Enjoy your morning coffee or unwind in the evening on the inviting front porch, complete with covered awnings for added comfort and curb appeal. The home also a clean painted basement with studs for another room, offering plenty of storage space or potential for future finishing. Enjoy the large backyard open canvis ready for your new visions. Updated within the last five years and previously used as a rental, this property has been well cared for and is truly move-in ready - nothing to do but bring your personal touch! Conveniently located near major freeways including Interstate 75 and Interstate 94, commuting throughout Metro Detroit is quick and easy. You'll also enjoy close proximity to neighborhood favorites like Chandler Park, shopping along East Seven Mile Road, and entertainment and dining options throughout the city. Outdoor lovers will appreciate nearby green spaces and recreational areas, while everyday conveniences such as schools, grocery stores, and local businesses are just minutes away. Even better, qualified buyers may take advantage of up to $25,000 in down payment assistance, making homeownership more affordable than ever. Don't miss your opportunity to own this comfortable, affordable gem - schedule your showing today before it's gone!

Key facts

• 5,227 sq ft lot
• Built 1956
• Listed 44 days

Property features AI

Finance

• Other: Paved road access; Lot dimensions approximately 35 x 129 (0.12 acres); Located in the SEYMOUR & TROESTERS POLONIA PARK subdivision
• Financial info: No investor or income/expense details provided
• HOA & community: No HOA information provided

Exterior

• Parking: No garage
• Security: No security details provided
• Utilities: Public water; Public sewer; Circuit breaker electrical service; Sewer available
• Home design: Single-family residence; One story; Ground-level entry with steps
• Construction: Aluminum siding and brick exterior; Asphalt roof; Built with a foundation and includes a basement (unfinished)
• Exterior features: Awning(s); Covered porch

Interior

• Kitchen: No kitchen appliance list provided
• Bedrooms: Total of 4 rooms (includes all living spaces and bedrooms)
• Flooring: No flooring details provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating powered by natural gas; No central cooling
• Interior features: Gas water heater; Unfinished basement
• Laundry & utility: No washer/dryer or utility room details provided

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% 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; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 38% of the median local income ($35k/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 $588 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 $24k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 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 1956 — 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: 1.31% ✓
• Cap rate: 9.54%
• Cash-on-cash: 11.59%
• DSCR: 1.52
• GRM: 6.4

CMA / ARV

• ARV (median comp): $56,382
• List price: $85,000
• Delta: 50.76%
• 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
19676 Conley St	0.10mi	2/1.0	720 (-2%)	9mo	$50,000	$69	84
20203 Moenart St	0.43mi	2/1.0	725 (-1%)	3mo	$48,000	$66	76
19612 Dwyer St	0.51mi	2/1.0	740 (+1%)	2mo	$50,000	$68	73
19436 Albany St	0.34mi	3/1.0 (+1)	725 (-1%)	6mo	$17,000	$23	72
19255 Binder St	0.70mi	2/1.0	719 (-2%)	3mo	$38,500	$54	61
19667 Sunset St	0.53mi	3/1.5 (+1)	752 (+2%)	4mo	$28,500	$38	61
19600 Syracuse St	0.28mi	3/1.0 (+1)	797 (+9%)	10mo	$18,500	$23	59
19725 Lamont St	0.24mi	3/1.0 (+1)	835 (+14%)	4mo	$10,000	$12	58
19942 Binder St	0.70mi	3/1.0 (+1)	696 (-5%)	5mo	$70,000	$101	50
19300 Binder St	0.67mi	2/1.0	820 (+12%)	4mo	$10,000	$12	46
20270 Dean Ave	0.74mi	3/1.0 (+1)	792 (+8%)	7mo	$55,000	$69	41
18485 Moenart St	0.62mi	3/1.0 (+1)	834 (+14%)	4mo	$58,500	$70	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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 5.4%
• Equity multiple: 1.22×
• Total profit: $5,239
• Equity at exit: $12,674

10-year hold

• IRR: 18.2%
• Equity multiple: 2.80×
• Total profit: $42,762
• Equity at exit: $7,349

Cash invested: $23,800 (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: 6.4×

Monthly cashflow live

• Estimated rent: $1,112 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$167 /mo · $2,008/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $230

Break-even live

Break-even rent $821

Max offer price $85,000

Occupancy floor 74%

Sensitivity live

Price	-10% $278	-5% $254	+0% $230	+5% $206	+10% $182
Rent	-10% $142	-5% $186	+0% $230	+5% $274	+10% $318
Rate	-1.0pp $273	-0.5pp $251	base $230	+0.5pp $208	+1.0pp $185

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	18d	1	0.71mi
18475 Wexford St Unit 1 Detroit, MI	2.0	1.0	500	$950	$1.90	24d	1	0.99mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	44d	1	1.32mi
7033 Westminster Ave Warren, MI	2.0	1.0	561	$1,050	$1.87	44d	1	1.41mi

Listing history 16 events

1. 2026-06-18
   days on market $85,000 Active 44 DOM
2. 2026-06-17
   days on market $85,000 Active 43 DOM
3. 2026-06-15
   days on market $85,000 Active 41 DOM
4. 2026-06-13
   days on market $85,000 Active 39 DOM
5. 2026-06-13
   days on market $85,000 Active 38 DOM
6. 2026-06-09
   days on market $85,000 Active 35 DOM
7. 2026-06-08
   days on market $85,000 Active 34 DOM
8. 2026-06-07
   days on market $85,000 Active 33 DOM
9. 2026-06-04
   days on market $85,000 Active 30 DOM
10. 2026-06-03
    days on market $85,000 Active 29 DOM
11. 2026-06-02
    days on market $85,000 Active 28 DOM
12. 2026-06-01
    days on market $85,000 Active 27 DOM
13. 2026-05-31
    days on market $85,000 Active 26 DOM
14. 2026-05-06
    listed $85,000 Active 1868-char remark

    Show marketing remark (1868 chars)

    Welcome home to this charming, move-in ready brick ranch located on a desirable corner lot! This well-maintained 2-bedroom, 1-bath home offers the perfect blend of comfort, functionality, and value - ideal for first-time buyers or those looking to downsize into a cozy forever home. Step inside to a freshly painted interior featuring new carpeting throughout the spacious living room and both bedrooms, creating a warm and inviting atmosphere. The layout flows seamlessly from the living room into a dedicated eat-in kitchen, where durable ceramic flooring adds both style and practicality. Enjoy your morning coffee or unwind in the evening on the inviting front porch, complete with covered awnings for added comfort and curb appeal. The home also a clean painted basement with studs for another room, offering plenty of storage space or potential for future finishing. Enjoy the large backyard open canvis ready for your new visions. Updated within the last five years and previously used as a rental, this property has been well cared for and is truly move-in ready - nothing to do but bring your personal touch! Conveniently located near major freeways including Interstate 75 and Interstate 94, commuting throughout Metro Detroit is quick and easy. You'll also enjoy close proximity to neighborhood favorites like Chandler Park, shopping along East Seven Mile Road, and entertainment and dining options throughout the city. Outdoor lovers will appreciate nearby green spaces and recreational areas, while everyday conveniences such as schools, grocery stores, and local businesses are just minutes away. Even better, qualified buyers may take advantage of up to $25,000 in down payment assistance, making homeownership more affordable than ever. Don't miss your opportunity to own this comfortable, affordable gem - schedule your showing today before it's gone!

15. 2026-05-06
    historical $85,000 1868-char remark

    Show marketing remark (1868 chars)

    Welcome home to this charming, move-in ready brick ranch located on a desirable corner lot! This well-maintained 2-bedroom, 1-bath home offers the perfect blend of comfort, functionality, and value - ideal for first-time buyers or those looking to downsize into a cozy forever home. Step inside to a freshly painted interior featuring new carpeting throughout the spacious living room and both bedrooms, creating a warm and inviting atmosphere. The layout flows seamlessly from the living room into a dedicated eat-in kitchen, where durable ceramic flooring adds both style and practicality. Enjoy your morning coffee or unwind in the evening on the inviting front porch, complete with covered awnings for added comfort and curb appeal. The home also a clean painted basement with studs for another room, offering plenty of storage space or potential for future finishing. Enjoy the large backyard open canvis ready for your new visions. Updated within the last five years and previously used as a rental, this property has been well cared for and is truly move-in ready - nothing to do but bring your personal touch! Conveniently located near major freeways including Interstate 75 and Interstate 94, commuting throughout Metro Detroit is quick and easy. You'll also enjoy close proximity to neighborhood favorites like Chandler Park, shopping along East Seven Mile Road, and entertainment and dining options throughout the city. Outdoor lovers will appreciate nearby green spaces and recreational areas, while everyday conveniences such as schools, grocery stores, and local businesses are just minutes away. Even better, qualified buyers may take advantage of up to $25,000 in down payment assistance, making homeownership more affordable than ever. Don't miss your opportunity to own this comfortable, affordable gem - schedule your showing today before it's gone!

16. 2026-05-06
    listed $85,000 Active 1899-char remark

    Show marketing remark (1868 chars)

    Welcome home to this charming, move-in ready brick ranch located on a desirable corner lot! This well-maintained 2-bedroom, 1-bath home offers the perfect blend of comfort, functionality, and value - ideal for first-time buyers or those looking to downsize into a cozy forever home. Step inside to a freshly painted interior featuring new carpeting throughout the spacious living room and both bedrooms, creating a warm and inviting atmosphere. The layout flows seamlessly from the living room into a dedicated eat-in kitchen, where durable ceramic flooring adds both style and practicality. Enjoy your morning coffee or unwind in the evening on the inviting front porch, complete with covered awnings for added comfort and curb appeal. The home also a clean painted basement with studs for another room, offering plenty of storage space or potential for future finishing. Enjoy the large backyard open canvis ready for your new visions. Updated within the last five years and previously used as a rental, this property has been well cared for and is truly move-in ready - nothing to do but bring your personal touch! Conveniently located near major freeways including Interstate 75 and Interstate 94, commuting throughout Metro Detroit is quick and easy. You'll also enjoy close proximity to neighborhood favorites like Chandler Park, shopping along East Seven Mile Road, and entertainment and dining options throughout the city. Outdoor lovers will appreciate nearby green spaces and recreational areas, while everyday conveniences such as schools, grocery stores, and local businesses are just minutes away. Even better, qualified buyers may take advantage of up to $25,000 in down payment assistance, making homeownership more affordable than ever. Don't miss your opportunity to own this comfortable, affordable gem - schedule your showing today before it's gone!

ⓘ 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: $2,008 · $167/mo
• Projected year-2 tax: $2,008 · $167/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: $13,343
• − Mortgage interest: −$4,761
• − Property taxes: −$2,008
• − Insurance: −$425
• − Repairs & maintenance: −$1,067
• − Management: −$1,067
• − Depreciation: −$2,473
• Taxable income: $1,541
• Est. tax owed @ 24.0%: −$370
• After-tax cash flow: $2,389/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

+0.0% since first listed

3 events — show timeline

• 2026-05-06 Listed $85,000 MiRealSource-MiMLS
• 2026-05-06 Coming Soon $85,000 MiRealSource-MiMLS
• 2026-05-06 Listed $85,000 REALCOMP

Property tax history

+2.1%/yr

Latest (2025): $2,008 · +1.1% YoY. Source: county tax records.