3338 Taylor St · Detroit, MI 48206

$35,000

3 bd · 1.0 ba · 1,164 sqft · SingleFamily public records · 88 Days on market

Built 1921 3,485 sqft lot $30/sqft · 50% below area Est $70k · 50% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity! This property is a prime candidate for a fix-and-flip or a buy-and-hold passive income property. With the right renovations and vision, this home offers strong income and value-add potential. The property features 3 bedrooms (one bedroom wall was previously removed and can easily be converted back), a living room with fireplace, formal dining room, and a kitchen. The home also includes a full basement with a bonus room that has a private exterior entrance, which is a unique feature for the area and provides an excellent opportunity to create a separate finished living space for additional rental income. In addition, the 2-car garage has been converted into living space, which could be used as an additional income-producing unit, office, or extended living area. This property has great bones and multiple income possibilities, making it ideal for investors or buyers looking to build equity and generate rental income. BATVAI. Property sold as-is. Owner is a licensed Broker.

Key facts

• Bonus room
• Converted garage
• Full basement

Tags

• FULL BASEMENT
• BONUS ROOM
• PRIVATE EXTERIOR ENTRANCE
• SEPARATE FINISHED LIVING SPACE
• CONVERTED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $819 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $33k (6.0% below list) — sets the bar for market timing.
• Cap rate 34.4% vs local median 10.2% 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 (+5.2%/yr); 271 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 36% 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 $242 of loan paydown is wiped out by about $1k 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 + 5.2% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($33k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $32,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1921 — 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: 3.88% ✓
• Cap rate: 34.36%
• Cash-on-cash: 100.24%
• DSCR: 5.46
• GRM: 2.1

CMA / ARV

• ARV (median comp): $69,926
• List price: $35,000
• Delta: -49.95%
• 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
9329 Petoskey Ave	0.38mi	3/1.0	1,097 (-6%)	7mo	$16,000	$15	67
4010 HAZELWOOD St	0.20mi	2/2.0 (-1)	1,206 (+4%)	14mo	$80,500	$67	64
4010 Hazelwood St	0.20mi	2/2.0 (-1)	1,206 (+4%)	14mo	$80,500	$67	64
2947 Glynn Ct	0.56mi	3/1.0	1,208 (+4%)	4mo	$105,000	$87	64
2637 Carter St	0.46mi	3/1.0	1,092 (-6%)	11mo	$86,000	$79	58
3286 Columbus St	0.60mi	3/1.0	1,272 (+9%)	6mo	$13,600	$11	51
3226 Glynn Ct	0.53mi	3/1.5	1,300 (+12%)	6mo	$15,000	$12	48
3738 Vicksburg St	0.50mi	2/1.0 (-1)	1,290 (+11%)	8mo	$65,000	$50	47
3007 W Philadelphia St	0.40mi	4/1.5 (+1)	1,334 (+15%)	5mo	$106,000	$79	46
2674 Glynn Ct	0.65mi	3/1.0	1,248 (+7%)	15mo	$55,000	$44	45
3299 Montgomery St	0.57mi	4/1.5 (+1)	1,308 (+12%)	5mo	$79,000	$60	41
8792 Mackinaw St	0.46mi	2/1.0 (-1)	1,005 (-14%)	15mo	$15,000	$15	38

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 · 5.2% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.06×
• Total profit: $49,569
• Equity at exit: $5,219

10-year hold

• IRR: —
• Equity multiple: 13.61×
• Total profit: $123,605
• Equity at exit: $3,026

Cash invested: $9,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48206

• Rents YoY: 5.2%
• Active inventory: 271
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,358 high
• Mortgage (P&I): −$184
• Tax from tax record: −$56 /mo · $675/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $819

Break-even live

Break-even rent $322

Max offer price $35,000

Occupancy floor 35%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3220 Gladstone St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	43d	1	0.15mi
3759 Atkinson St Unit 2 Detroit, MI	2.0	1.0	919	$1,200	$1.31	24d	1	0.18mi
3786 Carter St Unit 2 Detroit, MI	3.0	1.0	1400	$1,100	$0.79	24d	1	0.19mi
3757 Blaine St Detroit, MI	3.0	1.0	1169	$1,480	$1.27	16d	1	0.24mi
3422 Edison St Detroit, MI	3.0	1.0	1300	$1,295	$1.00	16d	1	0.28mi
3259 W Philadelphia St Detroit, MI	3.0	1.0	1293	$1,400	$1.08	16d	1	0.34mi
3295 Rochester St Unit 2 Detroit, MI	2.0	1.0	800	$1,000	$1.25	4d	1	0.41mi
3295 Rochester St Unit 2 Detroit, MI	2.0	1.0	782	$850	$1.09	43d	1	0.41mi
9376 Otsego St Detroit, MI	3.0	1.0	873	$1,396	$1.60	43d	1	0.44mi
4345 W Euclid St Unit 1 Detroit, MI	3.0	1.0	1300	$1,400	$1.08	24d	1	0.51mi
4345 W Euclid St Unit 2 Detroit, MI	3.0	1.0	1300	$1,450	$1.12	24d	1	0.51mi
2531 Pingree St Unit 2 (FL 2) Detroit, MI	3.0	1.0	893	$1,100	$1.23	1d	1	0.57mi
2463 Taylor St Detroit, MI	3.0	1.0	1350	$1,100	$0.81	43d	1	0.57mi
3266 Calvert Ave Fl 2 Detroit, MI	3.0	1.0	1279	$1,300	$1.02	24d	1	0.60mi
3226 Calvert Ave Detroit, MI	3.0	1.0	1100	$1,200	$1.09	12d	1	0.61mi
3224 Calvert St Detroit, MI	3.0	1.0	1150	$1,150	$1.00	43d	1	0.61mi
2506 W Euclid St Detroit, MI	3.0	1.0	1475	$1,675	$1.14	43d	1	0.64mi
2925 Calvert St Detroit, MI	3.0	1.0	1400	$1,300	$0.93	16d	1	0.64mi
2504 W Euclid St Unit 2506 Detroit, MI	3.0	1.0	1475	$1,675	$1.14	43d	1	0.64mi
2504 W Euclid St Unit 2504 Detroit, MI	3.0	1.0	1475	$1,650	$1.12	43d	1	0.64mi
2727 Calvert Ave Unit 1 Detroit, MI	3.0	1.5	1350	$1,200	$0.89	43d	1	0.67mi
4915 Maplewood St Detroit, MI	3.0	1.0	1324	$1,100	$0.83	16d	1	0.68mi
2653 Calvert Ave Unit 1 Detroit, MI	3.0	1.0	1305	$1,200	$0.92	43d	1	0.71mi
4016 Hogarth St Unit 4018 Hogarth Lower Detroit, MI	2.0	1.0	1200	$1,100	$0.92	3d	1	0.72mi
2254 Taylor St Unit Taylor St unit Detroit, MI	3.0	1.0	1307	$1,550	$1.19	3d	1	0.73mi
2634 Lawrence St Detroit, MI	3.0	1.5	1388	$1,600	$1.15	1d	1	0.84mi
2021 Blaine St Detroit, MI	1.0–2.0	1.0	684	$1,200	$1.75	43d	1	0.87mi
4566 Seebaldt St Detroit, MI	2.0	1.0	1200	$1,250	$1.04	21d	1	0.93mi
5101 Oregon St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	43d	1	0.96mi
2047 Seward St Detroit, MI	3.0	1.0	1421	$1,523	$1.07	4d	1	0.97mi
9789 Chenlot St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	4d	1	0.98mi
1974 Virginia Park St Detroit, MI	2.0	2.0	1200	$1,995	$1.66	43d	1	0.99mi
11704 Broadstreet Ave Detroit, MI	3.0	1.0	1200	$1,050	$0.88	43d	1	1.00mi
2045 Calvert St Detroit, MI	2.0	2.0	1400	$1,600	$1.14	43d	1	1.01mi
3224 Monterey St Unit 2E Detroit, MI	2.0	1.0	1200	$1,350	$1.12	43d	1	1.05mi
1929 Calvert Ave Unit 2 Detroit, MI	3.0	1.0	1414	$1,199	$0.85	14d	1	1.10mi
1710 Virginia Park St Detroit, MI	2.0	2.0	1350	$1,300	$0.96	4d	1	1.12mi
1626 Gladstone St Unit 1 Detroit, MI	2.0	1.0	800	$1,300	$1.62	43d	1	1.12mi
1628 Gladstone St Unit 2 Detroit, MI	2.0	1.0	800	$1,050	$1.31	43d	1	1.12mi
9917 Woodside St Apt 1 Detroit, MI	2.0	1.0	800	$800	$1.00	43d	1	1.13mi

Listing history 14 events

1. 2026-06-18
   days on market $35,000 Active 88 DOM
2. 2026-06-17
   days on market $35,000 Active 87 DOM
3. 2026-06-15
   days on market $35,000 Active 85 DOM
4. 2026-06-13
   days on market $35,000 Active 83 DOM
5. 2026-06-13
   days on market $35,000 Active 82 DOM
6. 2026-06-09
   days on market $35,000 Active 79 DOM
7. 2026-06-08
   days on market $35,000 Active 78 DOM
8. 2026-06-07
   days on market $35,000 Active 77 DOM
9. 2026-06-04
   pricedays on market $35,000 Active 74 DOM
10. 2026-06-03
    days on market $45,000 Active 73 DOM
11. 2026-06-01
    days on market $45,000 Active 71 DOM
12. 2026-05-31
    days on market $45,000 Active 70 DOM
13. 2026-03-23
    listed $45,000 Active 1015-char remark

    Show marketing remark (1015 chars)

    Great investment opportunity! This property is a prime candidate for a fix-and-flip or a buy-and-hold passive income property. With the right renovations and vision, this home offers strong income and value-add potential. The property features 3 bedrooms (one bedroom wall was previously removed and can easily be converted back), a living room with fireplace, formal dining room, and a kitchen. The home also includes a full basement with a bonus room that has a private exterior entrance, which is a unique feature for the area and provides an excellent opportunity to create a separate finished living space for additional rental income. In addition, the 2-car garage has been converted into living space, which could be used as an additional income-producing unit, office, or extended living area. This property has great bones and multiple income possibilities, making it ideal for investors or buyers looking to build equity and generate rental income. BATVAI. Property sold as-is. Owner is a licensed Broker.

14. 2026-03-22
    listed $45,000 Active 1015-char remark

    Show marketing remark (1015 chars)

    Great investment opportunity! This property is a prime candidate for a fix-and-flip or a buy-and-hold passive income property. With the right renovations and vision, this home offers strong income and value-add potential. The property features 3 bedrooms (one bedroom wall was previously removed and can easily be converted back), a living room with fireplace, formal dining room, and a kitchen. The home also includes a full basement with a bonus room that has a private exterior entrance, which is a unique feature for the area and provides an excellent opportunity to create a separate finished living space for additional rental income. In addition, the 2-car garage has been converted into living space, which could be used as an additional income-producing unit, office, or extended living area. This property has great bones and multiple income possibilities, making it ideal for investors or buyers looking to build equity and generate rental income. BATVAI. Property sold as-is. Owner is a licensed Broker.

ⓘ 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: $675 · $56/mo
• Projected year-2 tax: $675 · $56/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,299
• − Mortgage interest: −$1,961
• − Property taxes: −$675
• − Insurance: −$175
• − Repairs & maintenance: −$1,304
• − Management: −$1,304
• − Depreciation: −$1,018
• Taxable income: $9,862
• Est. tax owed @ 24.0%: −$2,367
• After-tax cash flow: $7,457/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): 15,227
• Household income: $45,046
• Rent vs Own: 46.4% rent · 53.6% own
• Severe rent burden: 646.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 3% Romanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 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: ▼ -139.60%
• Current HPI: 130.9545
• Rent YoY: ▲ 5.20%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-03-23 Listed $45,000 REALCOMP
• 2026-03-22 Listed $45,000 MiRealSource-MiMLS

Property tax history

+0.6%/yr

Latest (2025): $675 · -54.3% YoY. Source: county tax records.