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14542 Griggs St
C+ Composite 61.49
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
  • Rent growth +4.0/5.0
  • Livability +3.7/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • ARV discount +0.0/15.0
  • Appreciation +0.0/10.0

$67,000

14542 Griggs St · Detroit, MI 48238
3 bd · 1.0 ba · 1,035 sqft · SingleFamily public records · 153 Days on market
Built 1925 3,485 sqft lot $65/sqft · 17% above area Est $57k · 17% over

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

Key facts

  • Functional kitchen
  • Outdoor use space
  • Spacious living area

Tags

VINYL-SIDED BUNGALOWFULL BASEMENTSPACIOUS LIVING AREAFUNCTIONAL KITCHENLOWER MAINTENANCE EXTERIOROUTDOOR USE SPACE

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $67k.

Deal economics

  • At list price, monthly cash flow is $505 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $67k).
  • Recommended offer: $59k (12.0% below list) — sets the bar for market timing.
  • Cap rate 15.3% 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: 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 (+6.1%/yr); 350 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 44% of the median local income ($33k/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 $463 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 + 6.1% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 153 days — a 12% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
  • 7 sale attempts since 20y ago; this cycle's ask has dropped $18k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $58,960 (12.0% below list)

Questions for the listing agent

  1. It's been on market 153 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 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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?
  7. 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.
  8. 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.
  9. 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
1.83%
Cap rate
15.33%
Cash-on-cash
32.28%
DSCR
2.44
GRM
4.6

CMA / ARV

ARV (median comp)
$57,343
List price
$67,000
Delta
16.84%
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
14249 Cloverlawn St 0.56mi 3/1.0 1,035 (0%) 5mo $69,000 $67 69
14892 Ilene St 0.24mi 3/1.0 1,100 (+6%) 14mo $77,000 $70 67
8539 Desoto St 0.49mi 3/1.0 988 (-4%) 3mo $31,529 $32 67
14929 Birwood St 0.28mi 3/2.0 999 (-4%) 13mo $65,000 $65 66
8731 Chalfonte St 0.39mi 3/1.0 1,089 (+5%) 10mo $24,000 $22 65
8598 Ellsworth St 0.51mi 4/1.0 (+1) 1,006 (-3%) 8mo $20,000 $20 60
13558 Pinehurst St 0.64mi 4/1.0 (+1) 1,099 (+6%) 2mo $135,000 $123 53
15061 Pinehurst St 0.41mi 2/1.0 (-1) 970 (-6%) 15mo $85,000 $88 53
14628 Ohio St 0.38mi 4/1.5 (+1) 1,129 (+9%) 10mo $50,000 $44 52
14677 Cloverlawn Ave 0.52mi 3/1.5 900 (-13%) 2mo $20,000 $22 51
15391 Griggs St 0.56mi 3/1.0 1,190 (+15%) 11mo $100,000 $84 39
15428 Appoline St 0.72mi 3/1.0 1,175 (+14%) 8mo $114,000 $97 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 · 6.14% rent growth · sell at horizon

5-year hold
IRR
30.9%
Equity multiple
2.35×
Total profit
$25,303
Equity at exit
$9,990
10-year hold
IRR
39.8%
Equity multiple
5.32×
Total profit
$80,993
Equity at exit
$5,793

Cash invested: $18,760 (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.

ZIP-level market 48238

Home prices YoY
-14.4%
Rents YoY
6.1%
Active inventory
350
Price-to-rent
4.6×

Monthly cashflow live

Estimated rent
$1,226 high interval (Pro) →
Mortgage (P&I)
$351
Tax from tax record
$85 /mo · $1,018/yr
Insurance
$28
HOA
$0
Vacancy / Maint / Mgmt
$258
Net cashflow
$505

Break-even live

Break-even rent $587
Max offer price $67,000
Occupancy floor 54%

Sensitivity live

Price -10% $543 -5% $524 +0% $505 +5% $486 +10% $467
Rent -10% $408 -5% $456 +0% $505 +5% $553 +10% $602
Rate -1.0pp $538 -0.5pp $522 base $505 +0.5pp $487 +1.0pp $470

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
$16,750
Closing costs
$2,010
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 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
14881 Mendota St Detroit, MI 3.0 1.0 1026 $1,100 $1.07 26d 1 0.26mi
Ohio St Unit 4 Detroit, MI 4.0 1.5 1400 $750 $0.54 45d 1 0.35mi
14570 Cherrylawn St Detroit, MI 3.0 1.0 840 $1,250 $1.49 14d 1 0.41mi
14242 Ohio St Detroit, MI 4.0 1.0 1400 $1,000 $0.71 45d 1 0.43mi
14550 Northlawn St Detroit, MI 3.0 2.0 950 $1,200 $1.26 18d 1 0.46mi
13965 Mendota St Detroit, MI 3.0 1.0 1222 $1,294 $1.06 19d 1 0.48mi
14656 Roselawn St Detroit, MI 3.0 1.0 1000 $1,200 $1.20 19d 1 0.57mi
13979 Cherrylawn St Detroit, MI 3.0 1.0 1296 $1,334 $1.03 22d 1 0.58mi
13620 Kentucky St Detroit, MI 3.0 1.0 1248 $1,200 $0.96 6d 1 0.60mi
14847 Cheyenne St Detroit, MI 3.0 2.0 849 $1,150 $1.35 19d 1 0.67mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 3d 1 0.68mi
14011 Roselawn St Detroit, MI 4.0 1.5 1300 $1,450 $1.12 19d 1 0.68mi
15388 Appoline St #203 Detroit, MI 2.0 1.0 900 $850 $0.94 45d 1 0.69mi
15512 Mendota St Detroit, MI 2.0 1.0 931 $1,200 $1.29 6d 1 0.70mi
15512 Mendota St Apt 2 Detroit, MI 2.0 1.0 1000 $1,200 $1.20 45d 1 0.70mi
15708 Birwood St Detroit, MI 3.0 1.0 1255 $1,100 $0.88 6d 1 0.71mi
15765 Washburn St Unit 15767 Washburn Upper Detroit, MI 2.0 1.0 1093 $950 $0.87 0d 1 0.76mi
15088 Littlefield St Detroit, MI 2.0 1.0 1294 $1,275 $0.99 23d 1 0.79mi
15457 Cloverlawn St Detroit, MI 3.0 2.0 1500 $1,275 $0.85 26d 1 0.80mi
15760 Monte Vista St Detroit, MI 2.0 1.0 1080 $1,250 $1.16 45d 1 0.80mi
15777 Wisconsin St Unit 77 Detroit, MI 2.0 1.0 900 $950 $1.06 6d 1 0.83mi
14891 Hartwell St Detroit, MI 3.0 1.0 1000 $1,150 $1.15 45d 1 0.85mi
15839 Kentucky St Detroit, MI 2.0 1.0 800 $1,200 $1.50 19d 1 0.88mi
15738 Sorrento Ave Detroit, MI 3.0 1.0 762 $1,175 $1.54 45d 1 0.90mi
15878 Kentucky St Detroit, MI 2.0 1.0 800 $900 $1.12 45d 1 0.92mi
15340 Hartwell St Detroit, MI 2.0 1.0 900 $1,300 $1.44 18d 1 0.93mi
14903 Tracey St Detroit, MI 3.0 1.0 1004 $1,100 $1.10 18d 1 0.95mi
13620 Tuller St Detroit, MI 4.0 1.0 1064 $1,374 $1.29 14d 1 0.97mi
2926 Ewald Cir Detroit, MI 2.0 1.0 800 $900 $1.12 19d 1 1.01mi
15771 Turner St Detroit, MI 2.0 1.0 1000 $1,049 $1.05 45d 1 1.03mi
12703 Northlawn St Detroit, MI 2.0 1.0 1365 $1,053 $0.77 22d 1 1.04mi
2690 Ewald Cir Detroit, MI 1.0–2.0 1.0 750 $900 $1.20 26d 4 1.06mi
16183 Wisconsin St Detroit, MI 3.0 1.5 1370 $1,400 $1.02 45d 1 1.07mi
14284 Cruse St Detroit, MI 3.0 1.0 1121 $1,150 $1.03 18d 1 1.09mi
16230 Indiana St Unit 2 Detroit, MI 2.0 1.0 1050 $1,200 $1.14 19d 1 1.10mi
12468 Mendota St Detroit, MI 2.0 1.0 1100 $1,100 $1.00 45d 1 1.11mi
12468 Mendota St Detroit, MI 2.0 1.0 1100 $1,000 $0.91 26d 1 1.11mi
15387 Lesure St Detroit, MI 3.0 1.0 1064 $1,350 $1.27 14d 1 1.13mi
14590 Ardmore St Detroit, MI 3.0 1.0 1200 $1,195 $1.00 4d 1 1.13mi
16204 Steel St Detroit, MI 3.0 1.0 969 $1,150 $1.19 45d 1 1.15mi

Listing history 33 events

  1. 2026-06-21
    days on market $67,000 Active 153 DOM
  2. 2026-06-18
    days on market $67,000 Active 150 DOM
  3. 2026-06-17
    days on market $67,000 Active 149 DOM
  4. 2026-06-15
    days on market $67,000 Active 147 DOM
  5. 2026-06-13
    days on market $67,000 Active 145 DOM
  6. 2026-06-13
    days on market $67,000 Active 144 DOM
  7. 2026-06-09
    days on market $67,000 Active 141 DOM
  8. 2026-06-08
    days on market $67,000 Active 140 DOM
  9. 2026-06-07
    days on market $67,000 Active 139 DOM
  10. 2026-06-04
    days on market $67,000 Active 136 DOM
  11. 2026-06-03
    days on market $67,000 Active 135 DOM
  12. 2026-06-01
    days on market $67,000 Active 133 DOM
  13. 2026-05-31
    days on market $67,000 Active 132 DOM
  14. 2026-04-16
    price $67,000 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  15. 2026-04-15
    status Active 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  16. 2026-04-15
    price $67,000 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  17. 2026-04-15
    status Active 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  18. 2026-03-22
    historical 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  19. 2026-03-22
    historical 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  20. 2026-01-15
    price $79,900 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  21. 2026-01-14
    price $79,900 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  22. 2025-12-26
    listed $84,900 Active 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  23. 2025-12-26
    listed $84,900 Active 845-char remark
    Show marketing remark (845 chars)

    Great opportunity to own a vinyl-sided bungalow with 3 bedrooms and 1 full bathroom in Detroit 48221. This property needs some TLC, making it an excellent option for investors, flippers, or buyers looking to add value. The home offers a solid layout with a spacious living area, functional kitchen, and well-sized bedrooms. The full basement provides additional storage and potential for future finishing or utility space. With the right updates, this property has strong upside and rental or resale potential. The vinyl exterior offers lower maintenance, and the yard provides space for outdoor use or future improvements. Conveniently located near schools, shopping, public transportation, and major freeways, this property is well-positioned for long-term investment. Perfect for those seeking a value-add project in a desirable Detroit area.

  24. 2022-03-25
    soldstatus $75,000
  25. 2012-09-21
    soldstatus $4,750
  26. 2012-09-21
    soldstatus $4,750
  27. 2012-09-12
    historical
  28. 2012-09-12
    historical
  29. 2012-07-31
    listed $5,500
  30. 2012-07-31
    listed $5,500
  31. 2006-12-01
    historical
  32. 2006-09-02
    listed $55,000
  33. 2002-04-26
    soldstatus $45,000

ⓘ 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
$1,018 · $85/mo
Projected year-2 tax
$1,025 · $85/mo
Expected delta
+$7/yr (+$1/mo · 0.7%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$14,715
− Mortgage interest
−$3,753
− Property taxes
−$1,018
− Insurance
−$335
− Repairs & maintenance
−$1,177
− Management
−$1,177
− Depreciation
−$1,949
Taxable income
$5,306
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,274
After-tax cash flow
$4,783/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)
24,731
Household income
$33,315
Rent vs Own
53.0% rent · 47.0% own
Severe rent burden
2172.0

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% Two or more races 3% White 1%
Foreign-born
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
▼ -31.96%
Current HPI
189.6227
Rent YoY
▲ 6.14%
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

Price history

+48.9% since first listed
20 events — show timeline
  • 2026-04-16 Price Changed $67,000 MiRealSource-MiMLS
  • 2026-04-15 Relisted REALCOMP
  • 2026-04-15 Price Changed $67,000 REALCOMP
  • 2026-04-15 Relisted MiRealSource-MiMLS
  • 2026-03-22 Listing Removed REALCOMP
  • 2026-03-22 Listing Removed MiRealSource-MiMLS
  • 2026-01-15 Price Changed $79,900 MiRealSource-MiMLS
  • 2026-01-14 Price Changed $79,900 REALCOMP
  • 2025-12-26 Listed $84,900 REALCOMP
  • 2025-12-26 Listed $84,900 MiRealSource-MiMLS
  • 2022-03-25 Sold (Public Records) $75,000 Public Records
  • 2012-09-21 Sold (MLS) $4,750 REALCOMP
  • 2012-09-21 Sold (MLS) $4,750 MiRealSource-MiMLS
  • 2012-09-12 Listing Removed REALCOMP
  • 2012-09-12 Listing Removed MiRealSource-MiMLS
  • 2012-07-31 Listed $5,500 REALCOMP
  • 2012-07-31 Listed $5,500 MiRealSource-MiMLS
  • 2006-12-01 Listing Removed REALCOMP
  • 2006-09-02 Listed $55,000 REALCOMP
  • 2002-04-26 Sold (Public Records) $45,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $1,018 · -53.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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