20462 Hollywood St · Harper Woods, 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 96°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
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +20.4/30.0
- ARV discount +13.6/15.0
- DSCR +6.5/10.0
- Schools +5.7/10.0
- 1% rule +4.9/10.0
- Rent growth +3.8/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$149,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. †Finished basement includes additional bedroom and full bath, providing flexible living space. â€
Key facts
- Updated oak kitchen
- 3,920 sq ft lot
- Built 1941
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.5-bath single-family listed at $149k.
Deal economics
- At list price, monthly cash flow is $193 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $147k (1.4% below list).
- Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
Location & tenants
- Location reads 73/100 on livability (#199 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, health & safety D+, schools D-.
- Grosse Pointe Public Schools (suburban): math 56% / reading 68% proficiency, ranked #24 of 540 in MI (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
- Market conditions: Rents rising fast (+5.1%/yr); 133 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.
Negotiation context
- It's been on market 154 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 24y ago; this cycle's ask has dropped $21k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $46k; list at $149k implies a 220% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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 D-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
- 0.99% ✗
- Cap rate
- 7.85%
- Cash-on-cash
- 5.55%
- DSCR
- 1.25
- GRM
- 8.5
CMA / ARV
- ARV (median comp)
- $172,405
- List price
- $149,000
- Delta
- -13.58%
- 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 |
|---|---|---|---|---|---|---|---|
| 20846 Hampton St | 0.31mi | 3/1.0 (+1) | 897 (+1%) | 7mo | $139,900 | $156 | 71 |
| 20871 Van Antwerp St | 0.40mi | 2/1.5 | 950 (+7%) | 3mo | $170,000 | $179 | 68 |
| 2126 Ridgemont Rd | 0.53mi | 2/1.0 | 892 (+0%) | 6mo | $150,000 | $168 | 68 |
| 2138 Ridgemont Rd | 0.52mi | 2/1.0 | 809 (-9%) | 2mo | $135,000 | $167 | 57 |
| 20842 Ridgemont Rd | 0.30mi | 3/1.0 (+1) | 1,001 (+12%) | 3mo | $85,000 | $85 | 56 |
| 19813 Rosedale St | 0.74mi | 3/2.0 (+1) | 909 (+2%) | 3mo | $209,000 | $230 | 52 |
| 20631 Chalon St | 0.41mi | 3/1.0 (+1) | 1,001 (+12%) | 1mo | $255,000 | $255 | 52 |
| 20529 Van Antwerp St | 0.25mi | 3/2.0 (+1) | 998 (+12%) | 12mo | $187,000 | $187 | 52 |
| 20223 Avalon St | 0.66mi | 3/1.0 (+1) | 931 (+5%) | 7mo | $150,000 | $161 | 49 |
| 20625 Avalon St | 0.68mi | 3/1.0 (+1) | 1,000 (+12%) | 1mo | $161,445 | $161 | 40 |
| 19820 Avalon St | 0.67mi | 3/1.0 (+1) | 1,013 (+14%) | 2mo | $219,000 | $216 | 38 |
| 2106 Brys Dr | 0.60mi | 3/1.0 (+1) | 1,000 (+12%) | 9mo | $230,000 | $230 | 37 |
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 · 5.1% rent growth · sell at horizon
- IRR
- -5.5%
- Equity multiple
- 0.79×
- Total profit
- $-8,696
- Equity at exit
- $22,216
- IRR
- 6.4%
- Equity multiple
- 1.52×
- Total profit
- $21,769
- Equity at exit
- $12,883
Cash invested: $41,720 (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 48225
- Rents YoY
- 5.1%
- Active inventory
- 133
- Price-to-rent
- 8.5×
Monthly cashflow live
- Estimated rent
- $1,469 high interval (Pro) →
- Mortgage (P&I)
- −$781
- Tax from tax record
- −$124 /mo · $1,487/yr
- Insurance
- −$62
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$308
- Net cashflow
- $193
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
- $37,250
- Closing costs
- $4,470
- 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 14 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 20600 Balfour St Harper Woods, MI | 1.0–2.0 | 1.0–2.0 | 971 | $1,671 | $1.72 | 1d | 12 | 0.37mi |
| 2175 Ridgemont Rd Grosse Pointe Woods, MI | 2.0 | 1.0 | 1100 | $1,300 | $1.18 | 43d | 1 | 0.46mi |
| 20015 Lochmoor St Harper Woods, MI | 3.0 | 1.0 | 1006 | $1,500 | $1.49 | 16d | 1 | 0.61mi |
| 2037 Vernier Rd Grosse Pointe Woods, MI | 2.0 | 1.0 | 850 | $1,350 | $1.59 | 43d | 1 | 0.61mi |
| 1992 Hawthorne Rd Grosse Pointe Woods, MI | 3.0 | 2.0 | 1071 | $2,100 | $1.96 | 10d | 1 | 0.63mi |
| 21633 Greater Mack Ave St Clair Shores, MI | 1.0 | 1.0 | 990 | $1,212 | $1.22 | 1d | 1 | 0.87mi |
| 22126 Alger St Saint Clair Shores, MI | 2.0 | 1.5 | 1060 | $1,750 | $1.65 | 10d | 1 | 1.00mi |
| 20625 Elizabeth St Saint Clair Shores, MI | 3.0 | 2.0 | 1074 | $1,895 | $1.76 | 43d | 1 | 1.06mi |
| 22843 Grove St #47 Saint Clair Shores, MI | 1.0 | 1.0 | 700 | $1,100 | $1.57 | 19d | 1 | 1.12mi |
| 22307 Greater Mack Ave St Clair Shores, MI | 2.0 | 1.0 | 806 | $1,195 | $1.48 | 2d | 1 | 1.15mi |
| 23005 Kelly Rd Eastpointe, MI | 2.0 | 1.0 | 850 | $1,250 | $1.47 | 23d | 1 | 1.37mi |
| 19152 Woodside St Harper Woods, MI | 3.0 | 1.0 | 916 | $1,500 | $1.64 | 17d | 1 | 1.43mi |
| 19661 Kenosha St Harper Woods, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 24d | 1 | 1.47mi |
| 22411 Oconnor St Saint Clair Shores, MI | 2.0 | 1.0 | 950 | $1,250 | $1.32 | 43d | 1 | 1.48mi |
Listing history 29 events
-
2026-06-02status $149,000 Pending 154 DOM
-
2026-06-01days on market $149,000 Active Under Contract 154 DOM
-
2026-05-31days on market $149,000 Active Under Contract 153 DOM
-
2026-05-14historical Accepting Backup Offers 1100-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
-
2026-05-14historical Active Under Contract 1086-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
-
2026-03-16price $149,000 1100-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
-
2026-03-16price $149,900 1100-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
-
2026-03-16price $149,000 1086-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
-
2026-03-16price $149,900 1086-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
-
2025-12-31price $154,900 1100-char remark
Show marketing remark (1100 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. †Finished basement includes additional bedroom and full bath, providing flexible living space. â€
-
2025-12-30price $154,900 1086-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
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2025-12-29$169,900 Active 1086-char remark
Show marketing remark (1086 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. ” Finished basement includes additional bedroom and full bath, providing flexible living space. ”
-
2025-12-28$169,900 Active 1100-char remark
Show marketing remark (1100 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. †Finished basement includes additional bedroom and full bath, providing flexible living space. â€
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2025-12-28historical
Show marketing remark (1100 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. †Finished basement includes additional bedroom and full bath, providing flexible living space. â€
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2025-12-28historical
Show marketing remark (1100 chars)
Welcome to this charming Harper Woods ranch located within the highly sought after Grosse Pointe Public School District. This well-maintained home offers comfortable living with great space and flexibility for a variety of lifestyles. The main level features a bright living area, two spacious bedrooms, and an updated full bathroom. The finished basement expands the living space with an additional flex room, second full bath, and a large recreation area perfect for guests, a home office, or entertaining. Enjoy a generous backyard ideal for summer gatherings, gardening, or relaxing outdoors. Conveniently located near shopping, dining, parks, and major expressways, this home offers both comfort and convenience. A great opportunity for buyers looking to own an affordable home in the Grosse Pointe school district while still having room to make it their own. Affordable Harper Woods home in the Grosse Pointe School District with finished basement and second full bath. †Finished basement includes additional bedroom and full bath, providing flexible living space. â€
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2025-11-25$169,900 Active
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2025-11-25$169,900 Active
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2023-11-29soldstatus $46,500
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2010-12-22soldstatus $19,500
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2010-12-09historical
-
2010-11-19$22,900
-
2007-05-22soldstatus $80,000
-
2004-02-25soldstatus $63,000
-
2004-02-13historical
-
2003-12-09$69,900
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2002-04-18soldstatus $85,750
-
2002-02-15soldstatus $85,750
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2002-01-29historical
-
2002-01-04$83,000
ⓘ 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
- $1,487 · $124/mo
- Projected year-2 tax
- $1,891 · $158/mo
- Expected delta
- +$404/yr (+$34/mo · 27.1%)
ⓘ 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 · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
- $17,627
- − Mortgage interest
- −$8,346
- − Property taxes
- −$1,487
- − Insurance
- −$745
- − Repairs & maintenance
- −$1,410
- − Management
- −$1,410
- − Depreciation
- −$4,335
- Taxable loss
- −$106
- Est. tax savings @ 24.0%
- +$26
- After-tax cash flow
- $2,342/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
- Grosse Pointe Public Schools
- NCES district ID
- 2625740
- Math proficiency
- 56% ▼ -2.00%
- Reading proficiency
- 68% ▲ 2.00%
- Median HH income
- $89,975
- Composite
- 56.51/100
- National rank
- #1152
- State rank
- #24 of 540 in MI
Livability — Harper Woods
- Score
- 73/100
- State rank
- #199
- US rank
- #5054
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Harper Woods, MI
- County
- Wayne County · 1,562,939 people
- City population
- 16,098
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 16,098
- Household income
- $61,750
- Rent vs Own
- Severe rent burden
- 410.0
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 (65%)
- Race & ethnicity
- Black 65% White 28% Two or more races 4% Hispanic / Latino 1%
- Common ancestry
- Romanian 4% Lithuanian 1% German 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 95% English-only · Arabic 2% 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
- ▼ -150.40%
- Current HPI
- 181.4961
- Rent YoY
- ▲ 5.10%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+79.5% since first listed26 events — show timeline
- 2026-05-14 Contingent — MiRealSource-MiMLS
- 2026-05-14 Contingent — REALCOMP
- 2026-03-16 Price Changed $149,000 MiRealSource-MiMLS
- 2026-03-16 Price Changed $149,900 MiRealSource-MiMLS
- 2026-03-16 Price Changed $149,000 REALCOMP
- 2026-03-16 Price Changed $149,900 REALCOMP
- 2025-12-31 Price Changed $154,900 MiRealSource-MiMLS
- 2025-12-30 Price Changed $154,900 REALCOMP
- 2025-12-29 Listed $169,900 REALCOMP
- 2025-12-28 Listing Removed — REALCOMP
- 2025-12-28 Listing Removed — MiRealSource-MiMLS
- 2025-12-28 Listed $169,900 MiRealSource-MiMLS
- 2025-11-25 Listed $169,900 REALCOMP
- 2025-11-25 Listed $169,900 MiRealSource-MiMLS
- 2023-11-29 Sold (Public Records) $46,500 Public Records
- 2010-12-22 Sold (MLS) $19,500 MiRealSource-MiMLS
- 2010-12-09 Listing Removed — MiRealSource-MiMLS
- 2010-11-19 Listed $22,900 MiRealSource-MiMLS
- 2007-05-22 Sold (Public Records) $80,000 Public Records
- 2004-02-25 Sold (MLS) $63,000 MiRealSource-MiMLS
- 2004-02-13 Listing Removed — MiRealSource-MiMLS
- 2003-12-09 Listed $69,900 MiRealSource-MiMLS
- 2002-04-18 Sold (Public Records) $85,750 Public Records
- 2002-02-15 Sold (MLS) $85,750 MiRealSource-MiMLS
- 2002-01-29 Listing Removed — MiRealSource-MiMLS
- 2002-01-04 Listed $83,000 MiRealSource-MiMLS
Property tax history
+0.7%/yrLatest (2025): $1,487 · -74.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…