19310 Strasburg St · Detroit, MI 48205

$39,900

3 bd · 1.0 ba · 931 sqft · SingleFamily public records · 39 Days on market

Built 1943 4,356 sqft lot $43/sqft · 30% below area Est $56k · 28% 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
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Bed Brick property with lots of potential. Solid house that needs some updates. Not wrecked by any means. Has a good roof, maintained windows, intact foundation and a 1-car garage. Nice hardwood floors in bedrooms. Will need furnace. Full, dry, spacious and partially finished basement. There's opportunity here for the right investor.

Key facts

• Maintained windows
• Good roof
• Full dry basement

Tags

• GOOD ROOF
• MAINTAINED WINDOWS
• INTACT FOUNDATION
• HARDWOOD FLOORS
• FULL DRY BASEMENT
• PARTIALLY FINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $800 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.
• Cap rate 30.4% 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 (+1.3%/yr); 373 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 41% of the median local income ($39k/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 $276 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 + 1.3% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 22y ago; this cycle's ask has dropped $2k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $40k implies a 307% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $38,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 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 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 3.34% ✓
• Cap rate: 30.36%
• Cash-on-cash: 85.95%
• DSCR: 4.82
• GRM: 2.5

CMA / ARV

• ARV (median comp): $55,565
• List price: $39,900
• Delta: -28.19%
• 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
19161 Hamburg St	0.07mi	3/1.0	960 (+3%)	2mo	$116,000	$121	90
18982 Hamburg St	0.19mi	3/1.0	952 (+2%)	3mo	$45,000	$47	85
19633 Barlow St	0.26mi	3/1.5	962 (+3%)	3mo	$72,000	$75	78
19730 Goulburn St	0.39mi	3/1.5	977 (+5%)	1mo	$114,000	$117	71
18488 Waltham St	0.47mi	3/1.0	902 (-3%)	4mo	$56,000	$62	70
19591 Strasburg St	0.20mi	3/1.5	1,034 (+11%)	3mo	$89,000	$86	68
19361 Beland St	0.56mi	3/1.0	901 (-3%)	2mo	$47,500	$53	67
13452 Tacoma St	0.67mi	3/1.0	900 (-3%)	1mo	$69,072	$77	62
13424 Tacoma St	0.65mi	3/1.0	900 (-3%)	3mo	$72,000	$80	62
20218 Goulburn St	0.68mi	3/1.0	965 (+4%)	1mo	$12,000	$12	61
19140 Algonac St	0.61mi	2/1.0 (-1)	892 (-4%)	1mo	$46,000	$52	59
19170 Schoenherr St	0.69mi	3/1.0	797 (-14%)	0mo	$25,500	$32	44

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 84.6%
• Equity multiple: 4.79×
• Total profit: $42,305
• Equity at exit: $5,949

10-year hold

• IRR: 87.4%
• Equity multiple: 9.39×
• Total profit: $93,753
• Equity at exit: $3,450

Cash invested: $11,172 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,332 high
• Mortgage (P&I): −$209
• Tax from tax record: −$26 /mo · $316/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $800

Break-even live

Break-even rent $319

Max offer price $39,900

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.34mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	0.34mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	0.35mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	44d	1	0.36mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	0.36mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	44d	1	0.43mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	0.48mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.52mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	22d	1	0.52mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	17d	1	0.56mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	0.67mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	17d	1	0.67mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	17d	1	0.70mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	17d	1	0.73mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.74mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	44d	1	0.76mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	3d	1	0.77mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	0.84mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	17d	1	0.85mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.88mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	0.94mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	0.98mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.19mi
21412 Waltham Rd Warren, MI	2.0	1.0	696	$1,225	$1.76	44d	1	1.19mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	17d	1	1.22mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	12d	1	1.26mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	24d	1	1.26mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	24d	1	1.32mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	44d	1	1.34mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	1.41mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	44d	1	1.44mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	17d	1	1.44mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	24d	1	1.45mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	44d	1	1.49mi

Listing history 29 events

1. 2026-05-31
   days on market $39,900 Active 39 DOM
2. 2026-05-04
   price $39,900 337-char remark

   Show marketing remark (337 chars)

   3 Bed Brick property with lots of potential. Solid house that needs some updates. Not wrecked by any means. Has a good roof, maintained windows, intact foundation and a 1-car garage. Nice hardwood floors in bedrooms. Will need furnace. Full, dry, spacious and partially finished basement. There's opportunity here for the right investor.

3. 2026-05-04
   price $39,900 337-char remark

   Show marketing remark (337 chars)

   3 Bed Brick property with lots of potential. Solid house that needs some updates. Not wrecked by any means. Has a good roof, maintained windows, intact foundation and a 1-car garage. Nice hardwood floors in bedrooms. Will need furnace. Full, dry, spacious and partially finished basement. There's opportunity here for the right investor.

4. 2026-04-22
   listed $42,000 Active 337-char remark

   Show marketing remark (337 chars)

   3 Bed Brick property with lots of potential. Solid house that needs some updates. Not wrecked by any means. Has a good roof, maintained windows, intact foundation and a 1-car garage. Nice hardwood floors in bedrooms. Will need furnace. Full, dry, spacious and partially finished basement. There's opportunity here for the right investor.

5. 2026-04-22
   listed $42,000 Active 337-char remark

   Show marketing remark (337 chars)

   3 Bed Brick property with lots of potential. Solid house that needs some updates. Not wrecked by any means. Has a good roof, maintained windows, intact foundation and a 1-car garage. Nice hardwood floors in bedrooms. Will need furnace. Full, dry, spacious and partially finished basement. There's opportunity here for the right investor.

6. 2008-12-01
   soldstatus $9,800
7. 2008-12-01
   soldstatus $9,800
8. 2008-10-29
   historical
9. 2008-10-08
   listed $7,900
10. 2008-10-08
    historical
11. 2008-10-08
    historical
12. 2008-10-07
    listed $7,900
13. 2008-09-18
    listed $9,900
14. 2008-09-18
    listed $9,900
15. 2005-09-26
    soldstatus $83,500
16. 2005-07-11
    soldstatus $83,500
17. 2005-07-11
    soldstatus $83,500
18. 2005-05-27
    historical
19. 2005-02-01
    listed $82,000
20. 2005-02-01
    listed $82,000
21. 2005-01-31
    historical
22. 2005-01-31
    historical
23. 2004-12-07
    listed $89,993
24. 2004-12-07
    listed $89,993
25. 2004-11-21
    historical
26. 2004-11-21
    historical
27. 2004-05-21
    listed $89,994
28. 2004-05-21
    listed $89,994
29. 1992-12-07
    soldstatus $14,300

ⓘ 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: $316 · $26/mo
• Projected year-2 tax: $465 · $39/mo
• Expected delta: +$149/yr (+$12/mo · 47.2%)

ⓘ 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 ≥96°F today · 14 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: $15,986
• − Mortgage interest: −$2,235
• − Property taxes: −$316
• − Insurance: −$200
• − Repairs & maintenance: −$1,279
• − Management: −$1,279
• − Depreciation: −$1,161
• Taxable income: $9,517
• Est. tax owed @ 24.0%: −$2,284
• After-tax cash flow: $7,319/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+179.0% since first listed

28 events — show timeline

• 2026-05-04 Price Changed $39,900 MiRealSource-MiMLS
• 2026-05-04 Price Changed $39,900 REALCOMP
• 2026-04-22 Listed $42,000 REALCOMP
• 2026-04-22 Listed $42,000 MiRealSource-MiMLS
• 2008-12-01 Sold (MLS) $9,800 MiRealSource-MiMLS
• 2008-12-01 Sold (MLS) $9,800 REALCOMP
• 2008-10-29 Listing Removed — MiRealSource-MiMLS
• 2008-10-08 Listing Removed — REALCOMP
• 2008-10-08 Listing Removed — MiRealSource-MiMLS
• 2008-10-08 Listed $7,900 REALCOMP
• 2008-10-07 Listed $7,900 MiRealSource-MiMLS
• 2008-09-18 Listed $9,900 REALCOMP
• 2008-09-18 Listed $9,900 MiRealSource-MiMLS
• 2005-09-26 Sold (Public Records) $83,500 Public Records
• 2005-07-11 Sold (MLS) $83,500 REALCOMP
• 2005-07-11 Sold (MLS) $83,500 MiRealSource-MiMLS
• 2005-05-27 Listing Removed — MiRealSource-MiMLS
• 2005-02-01 Listed $82,000 REALCOMP
• 2005-02-01 Listed $82,000 MiRealSource-MiMLS
• 2005-01-31 Listing Removed — REALCOMP
• 2005-01-31 Listing Removed — MiRealSource-MiMLS
• 2004-12-07 Listed $89,993 REALCOMP
• 2004-12-07 Listed $89,993 MiRealSource-MiMLS
• 2004-11-21 Listing Removed — MiRealSource-MiMLS
• 2004-11-21 Listing Removed — REALCOMP
• 2004-05-21 Listed $89,994 MiRealSource-MiMLS
• 2004-05-21 Listed $89,994 REALCOMP
• 1992-12-07 Sold (Public Records) $14,300 Public Records

Property tax history

-13.0%/yr

Latest (2025): $316 · -54.2% YoY. Source: county tax records.