9715 Woodbine · Dearborn Heights, 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 98°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
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- 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 +10.1/30.0
- ARV discount +9.0/15.0
- Livability +4.0/5.0
- Rent growth +3.3/5.0
- DSCR +2.9/10.0
- Condition / age +2.5/5.0
- 1% rule +2.2/10.0
- Schools +1.8/10.0
- Appreciation +0.0/10.0
$179,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
Key facts
- 5,227 sq ft lot
- Garage
- Built 1952
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $180k.
Deal economics
- At list price, monthly cash flow is $-107 ($-1k/yr) — negative.
- To cash-flow at today's rent, offer at most $161k (10.5% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $130k (28.0% below list).
- Recommended offer: $130k (28.0% below list) — sets the bar for 1% rule.
Location & tenants
- Location reads 79/100 on livability (#82 in MI, #1,885 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, employment D+, health & safety D+.
- South Redford School District (suburban): math 11% / reading 29% proficiency, ranked #455 of 540 in MI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
- Zoned schools: Fisher Elementary School (math 22% / reading 27%, grade F, #980 of 1,397 statewide, top 74%, 310 students, 83% FRL); John D Pierce Middle School (math 8% / reading 29%, grade F, #432 of 493 statewide, top 88%, 602 students, 68% FRL); Lee M Thurston High School (math 12% / reading 32%, grade F, #582 of 713 statewide, top 83%, 883 students, 62% FRL) — zoned schools average 71% FRL vs 52% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents rising (+3.2%/yr); 193 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 90% 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).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 43 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
- 14 sale attempts since 23y 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 $25k; list at $180k implies a 617% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 43 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
- Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Crime grade is D 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 0.72% ✗
- Cap rate
- 5.58%
- Cash-on-cash
- -2.54%
- DSCR
- 0.89
- GRM
- 11.6
CMA / ARV
- ARV (on-the-fly)
- $186,148
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 9375 Riverview | 0.31mi | 3/1.5 | 1,108 (+3%) | 6mo | $210,000 | $190 | 74 |
| 11302 Grayfield | 0.49mi | 3/1.5 | 1,033 (-4%) | 5mo | $90,000 | $87 | 65 |
| 9025 Appleton | 0.59mi | 3/1.0 | 1,092 (+2%) | 6mo | $205,000 | $188 | 64 |
| 8915 Wormer Ave | 0.59mi | 3/1.0 | 981 (-9%) | 1mo | $183,500 | $187 | 57 |
| 8841 Virgil | 0.72mi | 3/1.0 | 1,013 (-6%) | 3mo | $185,000 | $183 | 54 |
| 9979 Virgil Ave | 0.32mi | 3/1.5 | 1,228 (+14%) | 7mo | $219,900 | $179 | 54 |
| 11347 Riverdale Ave | 0.42mi | 3/1.0 | 1,220 (+13%) | 7mo | $153,500 | $126 | 52 |
| 9943 Grayfield | 0.44mi | 3/1.5 | 1,228 (+14%) | 2mo | $205,000 | $167 | 52 |
| 11428 Riverdale | 0.48mi | 3/2.0 | 1,220 (+13%) | 2mo | $211,000 | $173 | 50 |
| 8931 Wormer | 0.57mi | 3/1.5 | 1,215 (+13%) | 7mo | $190,000 | $156 | 44 |
| 11770 Riverdale | 0.62mi | 3/2.0 | 1,228 (+14%) | 1mo | $190,000 | $155 | 43 |
| 11768 Hazelton | 0.71mi | 3/1.0 | 1,233 (+15%) | 1mo | $197,000 | $160 | 42 |
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 · 3.25% rent growth · sell at horizon
- IRR
- -20.3%
- Equity multiple
- 0.29×
- Total profit
- $-35,662
- Equity at exit
- $26,824
- IRR
- -13.0%
- Equity multiple
- 0.23×
- Total profit
- $-38,648
- Equity at exit
- $15,554
Cash invested: $50,372 (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 48239
- Rents YoY
- 3.2%
- Active inventory
- 193
- Price-to-rent
- 11.6×
Monthly cashflow live
- Estimated rent
- $1,296 high interval (Pro) →
- Mortgage (P&I)
- −$943
- Tax from tax record
- −$112 /mo · $1,345/yr
- Insurance
- −$75
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$272
- Net cashflow
- $-107
Break-even live
Sensitivity live
| Price | -10% $-5 | -5% $-56 | +0% $-107 | +5% $-157 | +10% $-208 |
|---|---|---|---|---|---|
| Rent | -10% $-209 | -5% $-158 | +0% $-107 | +5% $-55 | +10% $-4 |
| Rate | -1.0pp $-16 | -0.5pp $-61 | base $-107 | +0.5pp $-153 | +1.0pp $-201 |
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
- $44,975
- Closing costs
- $5,397
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 23851 Fullerton Ave Detroit, MI | 1.0–2.0 | 1.0 | 700 | $999 | $1.43 | 45d | 1 | 0.84mi |
| 8455 Robindale Ave Dearborn Heights, MI | 3.0 | 1.0 | 1100 | $1,750 | $1.59 | 6d | 1 | 1.02mi |
| 8402 Robindale Ave Dearborn Heights, MI | 3.0 | 1.0 | 1190 | $1,600 | $1.34 | 16d | 1 | 1.04mi |
| 8187 Lenore St Dearborn Heights, MI | 2.0 | 1.0 | 768 | $1,550 | $2.02 | 45d | 1 | 1.09mi |
| 12107 Centralia Redford, MI | 3.0 | 1.0 | 912 | $1,800 | $1.97 | 45d | 1 | 1.13mi |
| 8254 W Parkway St Redford, MI | 3.0 | 1.0 | 1220 | $1,350 | $1.11 | 14d | 1 | 1.19mi |
| 23850 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 750 | $975 | $1.30 | 45d | 1 | 1.31mi |
| 23842 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 750 | $975 | $1.30 | 45d | 1 | 1.31mi |
| 23846 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.31mi |
| 23832 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.32mi |
| 14005 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.32mi |
| 23822 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.33mi |
| 23826 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.33mi |
| 23814 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.33mi |
| 14000 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.33mi |
| 23838 Schoolcraft Rd Unit 109 Detroit, MI | 2.0 | 1.0 | 750 | $845 | $1.13 | 45d | 1 | 1.33mi |
| 23838 Schoolcraft Rd Unit 209 Detroit, MI | 2.0 | 1.0 | 750 | $985 | $1.31 | 45d | 1 | 1.33mi |
| 23838 Schoolcraft Rd Unit 212 Detroit, MI | 2.0 | 1.0 | 750 | $900 | $1.20 | 45d | 1 | 1.33mi |
| 23836 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.33mi |
| 23648 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 750 | $1,050 | $1.40 | 45d | 1 | 1.34mi |
| 23644 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.34mi |
| 23652 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 25d | 1 | 1.34mi |
| 23656 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.34mi |
| 14020 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.34mi |
| 14025 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.34mi |
| 23622 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.34mi |
| 14010 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23618 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23626 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23614 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23610 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23636 Schoolcraft Rd Unit 109 Detroit, MI | 2.0 | 1.0 | 750 | $975 | $1.30 | 45d | 1 | 1.35mi |
| 23636 Schoolcraft Rd Apt 212 Detroit, MI | 2.0 | 1.0 | 750 | $985 | $1.31 | 45d | 1 | 1.35mi |
| 23630 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23640 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23634 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.35mi |
| 23636 Schoolcraft Rd Unit -209 Detroit, MI | 2.0 | 1.0 | 900 | $865 | $0.96 | 45d | 1 | 1.35mi |
| 23602 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.36mi |
| 23606 Schoolcraft Rd Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.36mi |
| 14030 Riverview St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 45d | 1 | 1.36mi |
Listing history 39 events
-
2026-03-27status Pending
-
2026-03-27historical
-
2025-07-12status Pending
-
2025-05-02status Pending 713-char remark
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-05-02status Pending
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-05-02historical
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-04-25historical Accepting Backup Offers 713-char remark
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-04-25historical Active Under Contract
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-04-22status Active
-
2025-04-21historical
-
2025-03-21$179,900 Active 713-char remark
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-03-21$179,900 Active
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-03-18historical $179,900 713-char remark
Show marketing remark (713 chars)
Welcome to this charming renovated brick bungalow - Move In Ready! This beautifully updated 3-bedroom, 1-bath brick bungalow combines classic charm with modern touches. The kitchen features premium white cabinets, white quartz countertops, stainless steel undermount sink, and quartz tile backsplash. The remodeled bathroom offers a new vanity with quartz top, marble tile floor, and modern fixtures. Enjoy hardwood floors throughout, recessed lighting, and a bright, open layout. The full basement is freshly painted with a blackout ceiling, offering extra space for your needs A licensed agent to be physically present for all showings. .. NO EXCEPTIONS. Seller will supply Certificate of Occupancy for closing.
-
2025-01-13historical
-
2025-01-13historical
-
2024-10-13$199,000 Active
-
2024-10-13$199,000 Active
-
2024-10-09historical
-
2024-10-09historical
-
2010-02-16soldstatus $25,100
-
2009-12-14$21,850
-
2009-09-06historical
-
2009-04-06$34,900
-
2009-04-06historical
-
2009-02-09$34,900
-
2009-02-09historical
-
2008-08-13$39,900
-
2008-08-13historical
-
2008-02-18$54,900
-
2008-02-18historical
-
2007-08-30$79,777
-
2007-02-16historical
-
2006-08-21$109,500
-
2006-08-17historical
-
2006-02-26$119,900
-
2003-07-22soldstatus $130,000
-
2003-05-20$127,500
-
1999-09-03soldstatus $84,000
-
1992-05-18soldstatus $54,500
ⓘ 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
- $1,345 · $112/mo
- Projected year-2 tax
- $2,058 · $171/mo
- Expected delta
- +$713/yr (+$59/mo · 53.0%)
ⓘ 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 ≥98°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 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
- $15,552
- − Mortgage interest
- −$10,077
- − Property taxes
- −$1,345
- − Insurance
- −$900
- − Repairs & maintenance
- −$1,244
- − Management
- −$1,244
- − Depreciation
- −$5,233
- Taxable loss
- −$4,491
- Est. tax savings @ 24.0%
- +$1,078
- After-tax cash flow
- $-201/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
- South Redford School District
- NCES district ID
- 2632280
- Math proficiency
- 11% ▼ -9.00%
- Reading proficiency
- 29% ▼ -7.00%
- Median HH income
- $52,775
- Composite
- 18.1/100
- National rank
- #8972
- State rank
- #455 of 540 in MI
Livability — Dearborn Heights
- Score
- 79/100
- State rank
- #82
- US rank
- #1885
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Wayne County · 1,562,939 people
- City population
- 61,771
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 36,976
- Household income
- $71,151
- Rent vs Own
- Severe rent burden
- 1052.0
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
- Majority Black (58%)
- Race & ethnicity
- Black 58% White 34% Hispanic / Latino 4% Two or more races 4%
- Common ancestry
- Romanian 7% Slovak 2% Lithuanian 2%
- Foreign-born
- 2% · Canada
- Languages at home
- 96% English-only · Spanish 1% Other Indo-European 1% Arabic 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
- ▼ -202.97%
- Current HPI
- 236.1136
- Rent YoY
- ▲ 3.25%
- 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
+230.1% since first listed39 events — show timeline
- 2026-03-27 Pending — REALCOMP
- 2026-03-27 Listing Removed — REALCOMP
- 2025-07-12 Pending — REALCOMP
- 2025-05-02 Pending — MiRealSource-MiMLS
- 2025-05-02 Pending — REALCOMP
- 2025-05-02 Listing Removed — REALCOMP
- 2025-04-25 Contingent — MiRealSource-MiMLS
- 2025-04-25 Contingent — REALCOMP
- 2025-04-22 Relisted — REALCOMP
- 2025-04-21 Listing Removed — REALCOMP
- 2025-03-21 Listed $179,900 MiRealSource-MiMLS
- 2025-03-21 Listed $179,900 REALCOMP
- 2025-03-18 Coming Soon $179,900 MiRealSource-MiMLS
- 2025-01-13 Listing Removed — REALCOMP
- 2025-01-13 Listing Removed — MiRealSource-MiMLS
- 2024-10-13 Listed $199,000 MiRealSource-MiMLS
- 2024-10-13 Listed $199,000 REALCOMP
- 2024-10-09 Coming Soon — REALCOMP
- 2024-10-09 Coming Soon — MiRealSource-MiMLS
- 2010-02-16 Sold (MLS) $25,100 REALCOMP
- 2009-12-14 Listed $21,850 REALCOMP
- 2009-09-06 Listing Removed — REALCOMP
- 2009-04-06 Listing Removed — REALCOMP
- 2009-04-06 Listed $34,900 REALCOMP
- 2009-02-09 Listing Removed — REALCOMP
- 2009-02-09 Listed $34,900 REALCOMP
- 2008-08-13 Listing Removed — REALCOMP
- 2008-08-13 Listed $39,900 REALCOMP
- 2008-02-18 Listing Removed — REALCOMP
- 2008-02-18 Listed $54,900 REALCOMP
- 2007-08-30 Listed $79,777 REALCOMP
- 2007-02-16 Listing Removed — REALCOMP
- 2006-08-21 Listed $109,500 REALCOMP
- 2006-08-17 Listing Removed — REALCOMP
- 2006-02-26 Listed $119,900 REALCOMP
- 2003-07-22 Sold (MLS) $130,000 REALCOMP
- 2003-05-20 Listed $127,500 REALCOMP
- 1999-09-03 Sold (Public Records) $84,000 Public Records
- 1992-05-18 Sold (Public Records) $54,500 Public Records
Property tax history
-0.4%/yrLatest (2025): $1,345 · -32.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…