7474 E Robinwood St · Detroit, MI
Flood risk 2/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.09%
- 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 97°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
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 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 +28.7/30.0
- DSCR +10.0/10.0
- 1% rule +7.5/10.0
- Rent growth +4.2/5.0
- 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
$99,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
STUNNING FULLY RENOVATED BRICK BUNGALOW – MOVE-IN READY Welcome to this beautifully reimagined Detroit bungalow, where modern upgrades meet timeless charm. This fully renovated home offers a bright, open-concept layout designed for today's lifestyle, featuring brand-new flooring, fresh paint throughout, recessed lighting, and stylish contemporary finishes. The show-stopping kitchen is the heart of the home, complete with sleek white cabinetry, elegant backsplash, ample counter space, and a spacious island - perfect for cooking, entertaining, and everyday living. The adjoining living area is warm and inviting, highlighted by a modern accent fireplace wall that creates a cozy yet sophisticated focal point. Enjoy generously sized bedrooms with abundant natural light and updated fixtures. The upper level provides a versatile bonus space ideal for a private primary suite, home office, or additional living area. The full basement offers clean, open space with endless potential - perfect for storage, a workshop, or future finishing. Additional updates provide peace of mind and long-term value. Step outside to a charming front porch, ideal for relaxing, along with a private backyard and driveway for convenient off-street parking. Solid brick construction adds durability and classic curb appeal. Conveniently located near major freeways, shopping, schools, and local amenities - making daily living easy and accessible. Perfect for first-time buyers, growing families looking for a turnkey property. Priced to sell - schedule your private showing today before it's gone!
Key facts
- Fully renovated
- Full basement
- Open-concept layout
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $99k.
Deal economics
- At list price, monthly cash flow is $330 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $99k).
- Recommended offer: $93k (6.0% 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; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 ($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 $684 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 $28k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 64 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 15y ago; this cycle's ask has dropped $59k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $7k; list at $99k implies a 1411% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1951 — 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 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?
- 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
- 1.25% ✓
- Cap rate
- 10.29%
- Cash-on-cash
- 14.28%
- DSCR
- 1.64
- GRM
- 6.6
CMA / ARV
- ARV (median comp)
- $74,295
- List price
- $99,000
- Delta
- 33.25%
- 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 |
|---|---|---|---|---|---|---|---|
| 7505 E Robinwood St | 0.05mi | 4/2.0 (+1) | 1,000 (-9%) | 3mo | $140,500 | $141 | 71 |
| 8175 House St | 0.44mi | 3/1.0 | 1,160 (+6%) | 1mo | $100,000 | $86 | 70 |
| 19161 Rogge St | 0.22mi | 3/1.0 | 1,001 (-9%) | 8mo | $46,500 | $46 | 68 |
| 8245 E Hildale St | 0.42mi | 3/1.0 | 1,028 (-6%) | 3mo | $45,000 | $44 | 67 |
| 8154 Quinn St | 0.36mi | 3/1.0 | 1,015 (-8%) | 9mo | $22,000 | $22 | 63 |
| 19466 Packard St | 0.44mi | 3/1.0 | 1,179 (+7%) | 6mo | $62,000 | $53 | 63 |
| 19723 Carrie St | 0.61mi | 3/1.0 | 1,020 (-7%) | 2mo | $85,000 | $83 | 58 |
| 19610 Cliff St | 0.49mi | 3/1.0 | 1,183 (+8%) | 8mo | $45,000 | $38 | 58 |
| 18818 Sherwood St | 0.29mi | 3/1.0 | 940 (-14%) | 6mo | $38,000 | $40 | 57 |
| 8212 E Lantz St | 0.62mi | 3/1.0 | 989 (-10%) | 2mo | $60,000 | $61 | 53 |
| 19985 Packard St | 0.73mi | 3/2.0 | 1,152 (+5%) | 7mo | $90,000 | $78 | 48 |
| 6721 Buhr St | 0.58mi | 2/2.0 (-1) | 1,212 (+10%) | 1mo | $95,000 | $78 | 46 |
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
- IRR
- 8.6%
- Equity multiple
- 1.35×
- Total profit
- $9,787
- Equity at exit
- $14,761
- IRR
- 20.7%
- Equity multiple
- 3.05×
- Total profit
- $56,930
- Equity at exit
- $8,560
Cash invested: $27,720 (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 48234
- Home prices YoY
- -11.9%
- Rents YoY
- 6.7%
- Active inventory
- 226
- Price-to-rent
- 6.6×
Monthly cashflow live
- Estimated rent
- $1,242 high interval (Pro) →
- Mortgage (P&I)
- −$519
- Tax from tax record
- −$91 /mo · $1,089/yr
- Insurance
- −$41
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$261
- Net cashflow
- $330
Break-even live
Sensitivity live
| Price | -10% $386 | -5% $358 | +0% $330 | +5% $302 | +10% $274 |
|---|---|---|---|---|---|
| Rent | -10% $232 | -5% $281 | +0% $330 | +5% $379 | +10% $428 |
| Rate | -1.0pp $380 | -0.5pp $355 | base $330 | +0.5pp $304 | +1.0pp $278 |
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
- $24,750
- Closing costs
- $2,970
- 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 24 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 7533 Quinn St Unit 1 Detroit, MI | 2.0 | 1.0 | 700 | $850 | $1.21 | 44d | 1 | 0.08mi |
| 19171 Cliff St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 0.21mi |
| 19691 Cliff St #1 Detroit, MI | 2.0 | 1.0 | 850 | $1,050 | $1.24 | 5d | 1 | 0.56mi |
| 20042 Rogge St Detroit, MI | 4.0 | 2.0 | 1232 | $1,394 | $1.13 | 44d | 1 | 0.78mi |
| 19415 Gable St Detroit, MI | 3.0 | 1.0 | 1000 | $1,373 | $1.37 | 25d | 1 | 0.87mi |
| 18431 Teppert St Detroit, MI | 4.0 | 1.0 | 1200 | $1,400 | $1.17 | 2d | 1 | 1.01mi |
| 18884 Bloom St Detroit, MI | 3.0 | 1.0 | 979 | $975 | $1.00 | 22d | 1 | 1.07mi |
| 18884 Bloom St Detroit, MI | 3.0 | 1.0 | 979 | $975 | $1.00 | 44d | 1 | 1.07mi |
| 19260 Bloom St Detroit, MI | 3.0 | 1.0 | 1100 | $1,350 | $1.23 | 5d | 1 | 1.10mi |
| 7600 Dobel St Detroit, MI | 3.0 | 1.0 | 1234 | $1,400 | $1.13 | 17d | 1 | 1.11mi |
| 18677 Moenart St Detroit, MI | 2.0 | 1.0 | 1470 | $1,200 | $0.82 | 44d | 1 | 1.15mi |
| 18891 Moenart St Detroit, MI | 3.0 | 1.0 | 870 | $1,195 | $1.37 | 17d | 1 | 1.15mi |
| 18891 Moenart St Detroit, MI | 3.0 | 1.0 | 1150 | $1,300 | $1.13 | 2d | 1 | 1.15mi |
| 19361 Moenart St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 24d | 1 | 1.20mi |
| 11513 Greiner St Unit 11521 Greiner Detroit, MI | 2.0 | 1.0 | 942 | $1,050 | $1.11 | 44d | 1 | 1.21mi |
| 19162 Conley St Detroit, MI | 2.0 | 1.0 | 1000 | $1,300 | $1.30 | 44d | 1 | 1.26mi |
| 8285 Rivard Ave Warren, MI | 3.0 | 1.0 | 902 | $1,549 | $1.72 | 25d | 1 | 1.27mi |
| 8242 Jackson Ave Warren, MI | 3.0 | 1.0 | 840 | $1,198 | $1.43 | 44d | 1 | 1.28mi |
| 20058 Bloom St Detroit, MI | 4.0 | 1.0 | 1350 | $1,450 | $1.07 | 17d | 1 | 1.34mi |
| 20263 Caldwell St Detroit, MI | 3.0 | 1.0 | 909 | $1,350 | $1.49 | 17d | 1 | 1.37mi |
| 19450 Fenelon St Detroit, MI | 3.0 | 1.0 | 1062 | $1,384 | $1.30 | 5d | 1 | 1.39mi |
| 11074 Kennebec St Detroit, MI | 3.0 | 1.0 | 1200 | $1,350 | $1.12 | 44d | 1 | 1.42mi |
| 17241 Rowe St Detroit, MI | 3.0 | 1.5 | 1316 | $1,450 | $1.10 | 18d | 1 | 1.43mi |
| 7060 Victory Ave Warren, MI | 3.0 | 1.0 | 945 | $1,450 | $1.53 | 12d | 1 | 1.46mi |
Listing history 26 events
-
2026-06-18days on market $99,000 Active 64 DOM
-
2026-06-17days on market $99,000 Active 63 DOM
-
2026-06-15days on market $99,000 Active 61 DOM
-
2026-06-13days on market $99,000 Active 59 DOM
-
2026-06-13days on market $99,000 Active 58 DOM
-
2026-06-09days on market $99,000 Active 55 DOM
-
2026-06-08days on market $99,000 Active 54 DOM
-
2026-06-07days on market $99,000 Active 53 DOM
-
2026-06-04pricedays on market $99,000 Active 50 DOM
-
2026-06-03days on market $134,900 Active 49 DOM
-
2026-06-02days on market $134,900 Active 48 DOM
-
2026-06-01days on market $134,900 Active 47 DOM
-
2026-05-31days on market $134,900 Active 46 DOM
-
2026-05-13price $139,000 1601-char remark
Show marketing remark (1601 chars)
STUNNING FULLY RENOVATED BRICK BUNGALOW – MOVE-IN READY Welcome to this beautifully reimagined Detroit bungalow, where modern upgrades meet timeless charm. This fully renovated home offers a bright, open-concept layout designed for today's lifestyle, featuring brand-new flooring, fresh paint throughout, recessed lighting, and stylish contemporary finishes. The show-stopping kitchen is the heart of the home, complete with sleek white cabinetry, elegant backsplash, ample counter space, and a spacious island - perfect for cooking, entertaining, and everyday living. The adjoining living area is warm and inviting, highlighted by a modern accent fireplace wall that creates a cozy yet sophisticated focal point. Enjoy generously sized bedrooms with abundant natural light and updated fixtures. The upper level provides a versatile bonus space ideal for a private primary suite, home office, or additional living area. The full basement offers clean, open space with endless potential - perfect for storage, a workshop, or future finishing. Additional updates provide peace of mind and long-term value. Step outside to a charming front porch, ideal for relaxing, along with a private backyard and driveway for convenient off-street parking. Solid brick construction adds durability and classic curb appeal. Conveniently located near major freeways, shopping, schools, and local amenities - making daily living easy and accessible. Perfect for first-time buyers, growing families looking for a turnkey property. Priced to sell - schedule your private showing today before it's gone!
-
2026-05-12price $139,000 1617-char remark
Show marketing remark (1617 chars)
STUNNING FULLY RENOVATED BRICK BUNGALOW – MOVE-IN READY Welcome to this beautifully reimagined Detroit bungalow, where modern upgrades meet timeless charm. This fully renovated home offers a bright, open-concept layout designed for today’s lifestyle, featuring brand-new flooring, fresh paint throughout, recessed lighting, and stylish contemporary finishes. The show-stopping kitchen is the heart of the home, complete with sleek white cabinetry, elegant backsplash, ample counter space, and a spacious island—perfect for cooking, entertaining, and everyday living. The adjoining living area is warm and inviting, highlighted by a modern accent fireplace wall that creates a cozy yet sophisticated focal point. Enjoy generously sized bedrooms with abundant natural light and updated fixtures. The upper level provides a versatile bonus space ideal for a private primary suite, home office, or additional living area. The full basement offers clean, open space with endless potential—perfect for storage, a workshop, or future finishing. Additional updates provide peace of mind and long-term value. Step outside to a charming front porch, ideal for relaxing, along with a private backyard and driveway for convenient off-street parking. Solid brick construction adds durability and classic curb appeal. Conveniently located near major freeways, shopping, schools, and local amenities—making daily living easy and accessible. Perfect for first-time buyers, growing families looking for a turnkey property. Priced to sell—schedule your private showing today before it’s gone!
-
2026-05-04price $149,000 1601-char remark
Show marketing remark (1617 chars)
STUNNING FULLY RENOVATED BRICK BUNGALOW – MOVE-IN READY Welcome to this beautifully reimagined Detroit bungalow, where modern upgrades meet timeless charm. This fully renovated home offers a bright, open-concept layout designed for today’s lifestyle, featuring brand-new flooring, fresh paint throughout, recessed lighting, and stylish contemporary finishes. The show-stopping kitchen is the heart of the home, complete with sleek white cabinetry, elegant backsplash, ample counter space, and a spacious island—perfect for cooking, entertaining, and everyday living. The adjoining living area is warm and inviting, highlighted by a modern accent fireplace wall that creates a cozy yet sophisticated focal point. Enjoy generously sized bedrooms with abundant natural light and updated fixtures. The upper level provides a versatile bonus space ideal for a private primary suite, home office, or additional living area. The full basement offers clean, open space with endless potential—perfect for storage, a workshop, or future finishing. Additional updates provide peace of mind and long-term value. Step outside to a charming front porch, ideal for relaxing, along with a private backyard and driveway for convenient off-street parking. Solid brick construction adds durability and classic curb appeal. Conveniently located near major freeways, shopping, schools, and local amenities—making daily living easy and accessible. Perfect for first-time buyers, growing families looking for a turnkey property. Priced to sell—schedule your private showing today before it’s gone!
-
2026-05-04price $149,000 1617-char remark
Show marketing remark (1617 chars)
STUNNING FULLY RENOVATED BRICK BUNGALOW – MOVE-IN READY Welcome to this beautifully reimagined Detroit bungalow, where modern upgrades meet timeless charm. This fully renovated home offers a bright, open-concept layout designed for today’s lifestyle, featuring brand-new flooring, fresh paint throughout, recessed lighting, and stylish contemporary finishes. The show-stopping kitchen is the heart of the home, complete with sleek white cabinetry, elegant backsplash, ample counter space, and a spacious island—perfect for cooking, entertaining, and everyday living. The adjoining living area is warm and inviting, highlighted by a modern accent fireplace wall that creates a cozy yet sophisticated focal point. Enjoy generously sized bedrooms with abundant natural light and updated fixtures. The upper level provides a versatile bonus space ideal for a private primary suite, home office, or additional living area. The full basement offers clean, open space with endless potential—perfect for storage, a workshop, or future finishing. Additional updates provide peace of mind and long-term value. Step outside to a charming front porch, ideal for relaxing, along with a private backyard and driveway for convenient off-street parking. Solid brick construction adds durability and classic curb appeal. Conveniently located near major freeways, shopping, schools, and local amenities—making daily living easy and accessible. Perfect for first-time buyers, growing families looking for a turnkey property. Priced to sell—schedule your private showing today before it’s gone!
-
2026-04-15$158,000 Active 1617-char remark
Show marketing remark (1601 chars)
STUNNING FULLY RENOVATED BRICK BUNGALOW – MOVE-IN READY Welcome to this beautifully reimagined Detroit bungalow, where modern upgrades meet timeless charm. This fully renovated home offers a bright, open-concept layout designed for today's lifestyle, featuring brand-new flooring, fresh paint throughout, recessed lighting, and stylish contemporary finishes. The show-stopping kitchen is the heart of the home, complete with sleek white cabinetry, elegant backsplash, ample counter space, and a spacious island - perfect for cooking, entertaining, and everyday living. The adjoining living area is warm and inviting, highlighted by a modern accent fireplace wall that creates a cozy yet sophisticated focal point. Enjoy generously sized bedrooms with abundant natural light and updated fixtures. The upper level provides a versatile bonus space ideal for a private primary suite, home office, or additional living area. The full basement offers clean, open space with endless potential - perfect for storage, a workshop, or future finishing. Additional updates provide peace of mind and long-term value. Step outside to a charming front porch, ideal for relaxing, along with a private backyard and driveway for convenient off-street parking. Solid brick construction adds durability and classic curb appeal. Conveniently located near major freeways, shopping, schools, and local amenities - making daily living easy and accessible. Perfect for first-time buyers, growing families looking for a turnkey property. Priced to sell - schedule your private showing today before it's gone!
-
2026-04-15$158,000 Active 1601-char remark
Show marketing remark (1601 chars)
STUNNING FULLY RENOVATED BRICK BUNGALOW – MOVE-IN READY Welcome to this beautifully reimagined Detroit bungalow, where modern upgrades meet timeless charm. This fully renovated home offers a bright, open-concept layout designed for today's lifestyle, featuring brand-new flooring, fresh paint throughout, recessed lighting, and stylish contemporary finishes. The show-stopping kitchen is the heart of the home, complete with sleek white cabinetry, elegant backsplash, ample counter space, and a spacious island - perfect for cooking, entertaining, and everyday living. The adjoining living area is warm and inviting, highlighted by a modern accent fireplace wall that creates a cozy yet sophisticated focal point. Enjoy generously sized bedrooms with abundant natural light and updated fixtures. The upper level provides a versatile bonus space ideal for a private primary suite, home office, or additional living area. The full basement offers clean, open space with endless potential - perfect for storage, a workshop, or future finishing. Additional updates provide peace of mind and long-term value. Step outside to a charming front porch, ideal for relaxing, along with a private backyard and driveway for convenient off-street parking. Solid brick construction adds durability and classic curb appeal. Conveniently located near major freeways, shopping, schools, and local amenities - making daily living easy and accessible. Perfect for first-time buyers, growing families looking for a turnkey property. Priced to sell - schedule your private showing today before it's gone!
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2011-06-30soldstatus $6,550
-
2011-06-30soldstatus $6,550
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2011-06-09historical
-
2011-05-23$4,000
-
2011-05-23$4,000
-
1998-06-01soldstatus $55,000
-
1998-01-28soldstatus $25,000
ⓘ 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
- $1,089 · $91/mo
- Projected year-2 tax
- $1,307 · $109/mo
- Expected delta
- +$218/yr (+$18/mo · 20.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 2/10 Low FEMA zone X (unshaded) · 9% 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
- $14,902
- − Mortgage interest
- −$5,546
- − Property taxes
- −$1,089
- − Insurance
- −$495
- − Repairs & maintenance
- −$1,192
- − Management
- −$1,192
- − Depreciation
- −$2,880
- Taxable income
- $2,508
- Est. tax owed @ 24.0%
- −$602
- After-tax cash flow
- $3,356/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
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
- 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 |
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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
+456.0% since first listed13 events — show timeline
- 2026-05-13 Price Changed $139,000 MiRealSource-MiMLS
- 2026-05-12 Price Changed $139,000 REALCOMP
- 2026-05-04 Price Changed $149,000 MiRealSource-MiMLS
- 2026-05-04 Price Changed $149,000 REALCOMP
- 2026-04-15 Listed $158,000 REALCOMP
- 2026-04-15 Listed $158,000 MiRealSource-MiMLS
- 2011-06-30 Sold (MLS) $6,550 MiRealSource-MiMLS
- 2011-06-30 Sold (MLS) $6,550 REALCOMP
- 2011-06-09 Listing Removed — MiRealSource-MiMLS
- 2011-05-23 Listed $4,000 MiRealSource-MiMLS
- 2011-05-23 Listed $4,000 REALCOMP
- 1998-06-01 Sold (Public Records) $55,000 Public Records
- 1998-01-28 Sold (Public Records) $25,000 Public Records
Property tax history
+0.3%/yrLatest (2025): $1,089 · +317.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…