14536 Chandler Park Dr · Detroit, MI 48224

$90,000

4 bd · 1.0 ba · 1,312 sqft · SingleFamily public records · 34 Days on market

Built 1941 6,970 sqft lot $69/sqft · 77% above area

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Why this score? — see what drove the B- 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
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

CALLING ALL INVESTORS- Partially renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio With current rent comps in the area averaging $1,300/month, and yearly expenses--including taxes and insurance--totaling less than $5,000, this property offers a strong ROI and a healthy cap rate. cURRENTLY TENANT OCCUPIED RECEIVED $1,305 PER MONTH. MAKES THIS ONE A HEALTHY 12 CAP . . Located in the quiet and well-maintained ( FILL IN THE SUB NAME) SUB, this is an opportunity you don't want to miss!

Key facts

• 6,970 sq ft lot
• Garage
• Built 1941

Property features AI

Exterior

• Parking: Has garage (not attached)
• Utilities: Natural gas available and connected; Electricity available; Cable connected; High-speed internet available
• Home design: Single family residence; Residential property; Built in 1941
• Construction: Brick construction
• Exterior features: Corner lot; Sidewalk; Public water

Interior

• Bathrooms: 2 full bathrooms; 3 half bathrooms
• Heating & cooling: Forced air heating
• Interior features: Fireplace; Full basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $474 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 flat; 484 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 40% of the median local income ($45k/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 $622 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 + 0.7% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $68k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,300 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.67% ✓
• Cap rate: 12.62%
• Cash-on-cash: 22.58%
• DSCR: 2.00
• GRM: 5.0

CMA / ARV

• ARV (median comp): $50,753
• List price: $90,000
• Delta: 77.33%
• 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
5557 Lakeview St	0.38mi	3/1.0 (-1)	1,233 (-6%)	4mo	$40,000	$32	64
5306 Somerset Ave	0.54mi	3/1.5 (-1)	1,324 (+1%)	4mo	$135,000	$102	62
5050 Somerset Ave	0.62mi	3/1.0 (-1)	1,356 (+3%)	1mo	$84,900	$63	60
4810 Lakepointe St	0.57mi	4/1.0	1,218 (-7%)	3mo	$200,000	$164	59
5743 Buckingham Ave	0.74mi	3/1.5 (-1)	1,328 (+1%)	2mo	$160,000	$120	55
5517 Drexel St	0.49mi	5/2.0 (+1)	1,425 (+9%)	3mo	$65,000	$46	51
13113 Camden St	0.71mi	3/1.0 (-1)	1,224 (-7%)	2mo	$88,000	$72	49
9437 Beaconsfield St	0.63mi	3/1.0 (-1)	1,208 (-8%)	5mo	$44,500	$37	49
9200 Manistique St	0.49mi	3/1.0 (-1)	1,135 (-14%)	4mo	$69,500	$61	46
5794 Dickerson St	0.58mi	3/1.0 (-1)	1,467 (+12%)	4mo	$118,000	$80	45
9722 Wayburn St	0.70mi	3/1.0 (-1)	1,464 (+12%)	2mo	$84,900	$58	41
9500 Lakepointe St	0.66mi	3/1.0 (-1)	1,130 (-14%)	0mo	$125,000	$111	41

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 12.7%
• Equity multiple: 1.49×
• Total profit: $12,338
• Equity at exit: $13,419

10-year hold

• IRR: 19.6%
• Equity multiple: 2.46×
• Total profit: $36,785
• Equity at exit: $7,782

Cash invested: $25,200 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,504 high
• Mortgage (P&I): −$472
• Tax from tax record: −$204 /mo · $2,452/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $474

Break-even live

Break-even rent $904

Max offer price $90,000

Occupancy floor 63%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	43d	1	0.30mi
5966 Eastlawn St Unit NA Detroit, MI	3.0	1.5	1366	$1,500	$1.10	24d	1	0.35mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	14d	1	0.44mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	20d	1	0.49mi
5791 Somerset Ave Detroit, MI	3.0	2.0	1660	$1,400	$0.84	17d	1	0.51mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	4d	1	0.55mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	43d	1	0.67mi
13395 Maiden St Detroit, MI	5.0	2.0	1750	$1,600	$0.91	24d	1	0.71mi
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	3d	1	0.72mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	14d	1	0.75mi
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	4d	1	0.76mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	4d	1	0.78mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	16d	1	0.80mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.80mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	43d	1	0.80mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	43d	1	0.81mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	43d	1	0.81mi
13400 Longview St Detroit, MI	3.0	1.5	1000	$1,400	$1.40	43d	1	0.87mi
13137 Elmdale St Detroit, MI	3.0	1.0	1115	$1,400	$1.26	24d	1	0.88mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	0.98mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	17d	1	0.98mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	17d	1	1.04mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	10d	1	1.14mi
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	43d	1	1.19mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	3d	1	1.24mi
3625 Chatsworth St Detroit, MI	3.0	1.5	1182	$1,295	$1.10	24d	1	1.25mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	20d	1	1.26mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	17d	1	1.29mi
12210 Longview St Detroit, MI	3.0	1.0	1020	$1,100	$1.08	43d	1	1.30mi
9142 Yorkshire Rd Detroit, MI	5.0	1.5	1450	$1,700	$1.17	1d	1	1.35mi
12840 Kilbourne St Detroit, MI	3.0	1.0	1136	$1,350	$1.19	17d	1	1.36mi
10030 Bishop St Detroit, MI	5.0	2.0	1721	$1,200	$0.70	17d	1	1.38mi
9171 Bishop St Detroit, MI	4.0	1.0	1508	$1,300	$0.86	43d	1	1.39mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	3d	1	1.42mi
1348 Wayburn St Grosse Pointe, MI	3.0	2.0	1035	$2,200	$2.13	24d	1	1.43mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	43d	1	1.50mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	43d	1	1.50mi

Listing history 20 events

1. 2026-06-18
   days on market $90,000 Active 34 DOM
2. 2026-06-17
   days on market $90,000 Active 33 DOM
3. 2026-06-15
   days on market $90,000 Active 31 DOM
4. 2026-06-13
   days on market $90,000 Active 29 DOM
5. 2026-06-13
   days on market $90,000 Active 28 DOM
6. 2026-06-09
   days on market $90,000 Active 25 DOM
7. 2026-06-08
   days on market $90,000 Active 24 DOM
8. 2026-06-07
   days on market $90,000 Active 23 DOM
9. 2026-06-04
   days on market $90,000 Active 20 DOM
10. 2026-06-03
    days on market $90,000 Active 19 DOM
11. 2026-06-02
    days on market $90,000 Active 18 DOM
12. 2026-06-01
    days on market $90,000 Active 17 DOM
13. 2026-05-31
    days on market $90,000 Active 16 DOM
14. 2026-05-15
    listed $90,000 Active 559-char remark

    Show marketing remark (560 chars)

    CALLING ALL INVESTORS- Partially renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio With current rent comps in the area averaging $1,300/month, and yearly expenses--including taxes and insurance--totaling less than $5,000, this property offers a strong ROI and a healthy cap rate. cURRENTLY TENANT OCCUPIED RECEIVED $1,305 PER MONTH. MAKES THIS ONE A HEALTHY 12 CAP . . Located in the quiet and well-maintained ( FILL IN THE SUB NAME) SUB, this is an opportunity you don't want to miss!

15. 2026-05-15
    listed $90,000 Active 560-char remark

    Show marketing remark (560 chars)

    CALLING ALL INVESTORS- Partially renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio With current rent comps in the area averaging $1,300/month, and yearly expenses--including taxes and insurance--totaling less than $5,000, this property offers a strong ROI and a healthy cap rate. cURRENTLY TENANT OCCUPIED RECEIVED $1,305 PER MONTH. MAKES THIS ONE A HEALTHY 12 CAP . . Located in the quiet and well-maintained ( FILL IN THE SUB NAME) SUB, this is an opportunity you don't want to miss!

16. 2026-05-15
    listed $90,000 Active

    Show marketing remark (560 chars)

    CALLING ALL INVESTORS- Partially renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio With current rent comps in the area averaging $1,300/month, and yearly expenses--including taxes and insurance--totaling less than $5,000, this property offers a strong ROI and a healthy cap rate. cURRENTLY TENANT OCCUPIED RECEIVED $1,305 PER MONTH. MAKES THIS ONE A HEALTHY 12 CAP . . Located in the quiet and well-maintained ( FILL IN THE SUB NAME) SUB, this is an opportunity you don't want to miss!

17. 2022-06-09
    soldstatus $68,500
18. 2008-09-05
    historical
19. 2008-05-07
    listed $11,900
20. 1993-12-16
    soldstatus $27,000

ⓘ 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: $2,452 · $204/mo
• Projected year-2 tax: $2,452 · $204/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 ≥95°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

Taxation est. · year 1

• Rental income: $18,045
• − Mortgage interest: −$5,041
• − Property taxes: −$2,452
• − Insurance: −$450
• − Repairs & maintenance: −$1,444
• − Management: −$1,444
• − Depreciation: −$2,618
• Taxable income: $4,596
• Est. tax owed @ 24.0%: −$1,103
• After-tax cash flow: $4,587/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+233.3% since first listed

7 events — show timeline

• 2026-05-15 Listed $90,000 MiRealSource-MiMLS
• 2026-05-15 Listed $90,000 REALCOMP
• 2026-05-15 Listed $90,000 SW Michigan MLS
• 2022-06-09 Sold (Public Records) $68,500 Public Records
• 2008-09-05 Listing Removed — REALCOMP
• 2008-05-07 Listed $11,900 REALCOMP
• 1993-12-16 Sold (Public Records) $27,000 Public Records

Property tax history

+3.9%/yr

Latest (2025): $2,452 · +0.9% YoY. Source: county tax records.