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8845 Faust Ave
C+ Composite 63.85
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 +8.2/10.0
  • ARV discount +7.5/15.0
  • Livability +3.7/5.0
  • Condition / age +2.5/5.0
  • Rent growth +1.9/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$92,000

8845 Faust Ave · Detroit, MI 48228
3 bd · 1.0 ba · 826 sqft · SingleFamily public records · 4 Days on market
Built 1947 5,227 sqft lot

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to this updated 3-bedroom, 1-bath bungalow on Detroit's west side, where modern upgrades meet everyday comfort and convenience. Step inside to a bright, move-in ready interior featuring a renovated kitchen with white cabinetry, black countertops, and stainless steel appliances, along with new gray luxury flooring and freshly painted throughout. The remodeled bathroom offers a spa-like experience with a multi-function shower panel with rainfall, body jets, and handheld sprayer, plus major updates including HVAC and hot water tank less than 1 year old. Newly built private cedar fence that is perfect for entertaining, as well as a built-in electric vehicle (EV) charger station, offering modern convenience and long-term appeal. Located within walking distance to Cody High School and just minutes from major freeways, this home provides easy access to Downtown Detroit and Detroit Metro Airport. Property is occupied--do not approach without a confirmed appointment. BATVAI

Key facts

  • Remodeled bathroom
  • Updated hvac system
  • Renovated kitchen

Tags

RENOVATED KITCHENREMODELED BATHROOMMULTI-FUNCTION SHOWER PANELCEDAR WOOD PRIVACY FENCEUPDATED HVAC SYSTEMUPDATED HOT WATER TANK

Property features AI

Exterior

  • Utilities: Public water
  • Home design: Single-family residence; Residential property; Built in 1947
  • Construction: Aluminum siding
  • Exterior features: Lot about 0.12 acres; Public water

Interior

  • Kitchen: Kitchen (approximately 12 x 9); Range; Microwave; Refrigerator
  • Bedrooms: Primary bedroom (approximately 14 x 11); Second bedroom (approximately 10 x 10); Additional room (approximately 11 x 10) — can be used as bedroom or flex space
  • Bathrooms: 1 full bathroom (approximately 9 x 9)
  • Heating & cooling: Forced air heating
  • Interior features: Total of 5 rooms; Michigan-style basement
  • Laundry & utility: Washer; Dryer

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $92k.

Deal economics

  • At list price, monthly cash flow is $307 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $92k).

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 soft (-2.3%/yr); 363 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • At $1,218/mo this rent would consume 48% of the median local household income ($31k/yr) (locally 4144% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $636 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.

Negotiation context

  • Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
  • 19 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 $73k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $92,000

Questions for the listing agent

  1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. 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?
  4. 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?
  5. 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.
  6. 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.
  7. 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
1.32%
Cap rate
10.30%
Cash-on-cash
14.31%
DSCR
1.64
GRM
6.3

CMA / ARV

ARV (on-the-fly)
$44,604
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
8686 Artesian St 0.24mi 3/1.0 864 (+5%) 2mo $35,000 $41 80
9109 Stahelin Ave 0.26mi 2/1.0 (-1) 836 (+1%) 3mo $25,000 $30 78
8309 Brace St 0.34mi 3/1.5 864 (+5%) 1mo $28,500 $33 74
8630 Greenview Ave 0.15mi 3/1.0 924 (+12%) 3mo $50,000 $54 71
8225 Grandville Ave 0.59mi 2/1.0 (-1) 906 (+10%) 2mo $36,500 $40 50
9352 Rutland St 0.60mi 3/1.0 915 (+11%) 6mo $15,000 $16 49
7795 Penrod St 0.61mi 2/1.0 (-1) 900 (+9%) 7mo $58,500 $65 46
8047 Grandville Ave 0.66mi 2/1.0 (-1) 900 (+9%) 8mo $59,000 $66 43
8062 Grandville Ave 0.63mi 2/1.0 (-1) 732 (-11%) 6mo $60,000 $82 41
8244 Westwood St 0.60mi 3/1.0 943 (+14%) 10mo $89,900 $95 40
7785 Grandville Ave 0.75mi 3/2.0 907 (+10%) 6mo $89,900 $99 39
8257 Minock St 0.67mi 2/1.0 (-1) 737 (-11%) 8mo $32,000 $43 39

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
1.2%
Equity multiple
1.04×
Total profit
$1,111
Equity at exit
$13,717
10-year hold
IRR
7.4%
Equity multiple
1.48×
Total profit
$12,477
Equity at exit
$7,954

Cash invested: $25,760 (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.

ZIP-level market 48228

Rents YoY
-2.3%
Active inventory
363
Price-to-rent
6.3×

Monthly cashflow live

Estimated rent
$1,218 high interval (Pro) →
Mortgage (P&I)
$482
Tax from tax record
$135 /mo · $1,616/yr
Insurance
$38
HOA
$0
Vacancy / Maint / Mgmt
$256
Net cashflow
$307

Break-even live

Break-even rent $830
Max offer price $92,000
Occupancy floor 70%

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
$23,000
Closing costs
$2,760
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
8850 Rosemont Ave Detroit, MI 3.0 1.0 933 $1,100 $1.18 17d 1 0.17mi
9090 Stahelin Ave Detroit, MI 2.0 1.0 787 $1,250 $1.59 43d 1 0.19mi
8451 Rosemont Ave Detroit, MI 3.0 1.0 867 $1,150 $1.33 43d 1 0.31mi
9108 Archdale St Detroit, MI 3.0 1.0 1000 $1,300 $1.30 5d 1 0.39mi
19301 Joy Rd Apt 1 Detroit, MI 2.0 1.0 750 $1,100 $1.47 43d 1 0.43mi
18450 W Chicago Detroit, MI 1.0–2.0 1.0 687 $1,117 $1.62 1d 15 0.43mi
8262 Rosemont Ave Detroit, MI 3.0 1.0 836 $1,200 $1.44 5d 1 0.43mi
19449 W Chicago St Detroit, MI 3.0 1.5 950 $1,500 $1.58 43d 1 0.65mi
8283 Vaughan St Detroit, MI 3.0 1.0 1058 $1,294 $1.22 5d 1 0.87mi
7794 Vaughan St Detroit, MI 3.0 1.0 1000 $1,450 $1.45 16d 1 0.99mi
11704 Greenview Ave Detroit, MI 4.0 1.0 1046 $1,300 $1.24 24d 1 1.02mi
9345 Rutherford St Unit 3 Detroit, MI 2.0 1.0 850 $1,050 $1.24 24d 1 1.04mi
11741 Penrod St Detroit, MI 3.0 1.0 1124 $1,400 $1.25 16d 1 1.05mi
9401 Fielding St Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.07mi
20529 W Chicago Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.07mi
7635 Evergreen Ave Detroit, MI 3.0 1.0 690 $1,350 $1.96 43d 1 1.07mi
9410 Patton St Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.08mi
20541 W Chicago Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.08mi
20522 W Chicago Detroit, MI 2.0 1.0 1000 $950 $0.95 43d 1 1.08mi
20545 W Chicago Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.08mi
20547 W Chicago Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.08mi
9404 Patton St Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.09mi
20550 W Chicago Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.09mi
20431 Tireman St Detroit, MI 3.0 1.0 1020 $1,350 $1.32 17d 1 1.10mi
20619 W Chicago Detroit, MI 2.0 1.0 950 $1,200 $1.26 43d 1 1.12mi
9222 Forrer St Detroit, MI 3.0 1.0 947 $1,450 $1.53 16d 1 1.16mi
9059 Burt Rd Detroit, MI 3.0 1.0 980 $1,400 $1.43 43d 1 1.23mi
7411 Stout St Detroit, MI 3.0 1.0 888 $1,428 $1.61 12d 1 1.26mi
20921 W Chicago Detroit, MI 2.0 1.0 1000 $950 $0.95 43d 1 1.31mi
8270 Trinity St Detroit, MI 3.0 1.0 806 $1,528 $1.90 43d 1 1.32mi
9936 Montrose St Detroit, MI 3.0 1.0 963 $1,200 $1.25 16d 1 1.32mi
20935 W Chicago Detroit, MI 2.0 1.0 1000 $900 $0.90 43d 1 1.32mi
20937 W Chicago Detroit, MI 2.0 1.0 1000 $950 $0.95 43d 1 1.32mi
20945 W Chicago Detroit, MI 2.0 1.0 1000 $950 $0.95 43d 1 1.33mi
9416 Trinity St Detroit, MI 2.0 1.0 1000 $950 $0.95 43d 1 1.33mi
7419 Rutherford St Detroit, MI 2.0 1.0 981 $1,150 $1.17 15d 1 1.36mi
11652 Fielding St Detroit, MI 3.0 1.0 1000 $1,386 $1.39 43d 1 1.36mi
9973 Winthrop St Detroit, MI 3.0 1.0 960 $1,400 $1.46 43d 1 1.37mi
12084 Vaughan St Detroit, MI 3.0 1.0 1000 $1,200 $1.20 16d 1 1.37mi
6761 Memorial Ave Detroit, MI 3.0 1.0 1060 $1,100 $1.04 24d 1 1.38mi

Listing history 50 events

  1. 2026-04-13
    status Pending 987-char remark
    Show marketing remark (1583 chars)

    Welcome to this updated 3-bedroom, 1-bath bungalow on Detroit's west side, where modern upgrades meet everyday comfort and convenience. Step inside to a bright, move-in ready interior featuring a renovated kitchen with white cabinetry, black countertops, and stainless steel appliances, along with new gray luxury flooring and freshly painted throughout. The remodeled bathroom offers a spa-like experience with a multi-function shower panel with rainfall, body jets, and handheld sprayer, plus major updates including HVAC and hot water tank less than 1 year old. Newly built private cedar fence that is perfect for entertaining, as well as a built-in electric vehicle (EV) charger station, offering modern convenience and long-term appeal. Located within walking distance to Cody High School and just minutes from major freeways, this home provides easy access to Downtown Detroit and Detroit Metro Airport. Property is occupied--do not approach without a confirmed appointment. BATVAI" 3 Bedrooms | 1 Bathroom | Bungalow Style " Updated Kitchen - White cabinetry, black countertops, stainless steel appliances " New Gray Luxury Vinyl Plank Flooring Throughout " Fresh Interior Paint - Clean, modern finish " Remodeled Bathroom with Multi-Function Shower Panel (rainfall, body jets, handheld) " Samsung Washer & Dryer Included " HVAC System & Hot Water Tank - Less Than 1 Year Old " Large Backyard - Ideal for entertaining and outdoor living " Cedar Wood Privacy Fence " Electric Vehicle (EV) Charger Station Installed

  2. 2026-04-13
    status Pending 1583-char remark
    Show marketing remark (1583 chars)

    Welcome to this updated 3-bedroom, 1-bath bungalow on Detroit's west side, where modern upgrades meet everyday comfort and convenience. Step inside to a bright, move-in ready interior featuring a renovated kitchen with white cabinetry, black countertops, and stainless steel appliances, along with new gray luxury flooring and freshly painted throughout. The remodeled bathroom offers a spa-like experience with a multi-function shower panel with rainfall, body jets, and handheld sprayer, plus major updates including HVAC and hot water tank less than 1 year old. Newly built private cedar fence that is perfect for entertaining, as well as a built-in electric vehicle (EV) charger station, offering modern convenience and long-term appeal. Located within walking distance to Cody High School and just minutes from major freeways, this home provides easy access to Downtown Detroit and Detroit Metro Airport. Property is occupied--do not approach without a confirmed appointment. BATVAI" 3 Bedrooms | 1 Bathroom | Bungalow Style " Updated Kitchen - White cabinetry, black countertops, stainless steel appliances " New Gray Luxury Vinyl Plank Flooring Throughout " Fresh Interior Paint - Clean, modern finish " Remodeled Bathroom with Multi-Function Shower Panel (rainfall, body jets, handheld) " Samsung Washer & Dryer Included " HVAC System & Hot Water Tank - Less Than 1 Year Old " Large Backyard - Ideal for entertaining and outdoor living " Cedar Wood Privacy Fence " Electric Vehicle (EV) Charger Station Installed

  3. 2026-04-13
    status Pending
    Show marketing remark (1583 chars)

    Welcome to this updated 3-bedroom, 1-bath bungalow on Detroit's west side, where modern upgrades meet everyday comfort and convenience. Step inside to a bright, move-in ready interior featuring a renovated kitchen with white cabinetry, black countertops, and stainless steel appliances, along with new gray luxury flooring and freshly painted throughout. The remodeled bathroom offers a spa-like experience with a multi-function shower panel with rainfall, body jets, and handheld sprayer, plus major updates including HVAC and hot water tank less than 1 year old. Newly built private cedar fence that is perfect for entertaining, as well as a built-in electric vehicle (EV) charger station, offering modern convenience and long-term appeal. Located within walking distance to Cody High School and just minutes from major freeways, this home provides easy access to Downtown Detroit and Detroit Metro Airport. Property is occupied--do not approach without a confirmed appointment. BATVAI" 3 Bedrooms | 1 Bathroom | Bungalow Style " Updated Kitchen - White cabinetry, black countertops, stainless steel appliances " New Gray Luxury Vinyl Plank Flooring Throughout " Fresh Interior Paint - Clean, modern finish " Remodeled Bathroom with Multi-Function Shower Panel (rainfall, body jets, handheld) " Samsung Washer & Dryer Included " HVAC System & Hot Water Tank - Less Than 1 Year Old " Large Backyard - Ideal for entertaining and outdoor living " Cedar Wood Privacy Fence " Electric Vehicle (EV) Charger Station Installed

  4. 2026-04-09
    listed $92,000 Active 1583-char remark
    Show marketing remark (987 chars)

    Welcome to this updated 3-bedroom, 1-bath bungalow on Detroit's west side, where modern upgrades meet everyday comfort and convenience. Step inside to a bright, move-in ready interior featuring a renovated kitchen with white cabinetry, black countertops, and stainless steel appliances, along with new gray luxury flooring and freshly painted throughout. The remodeled bathroom offers a spa-like experience with a multi-function shower panel with rainfall, body jets, and handheld sprayer, plus major updates including HVAC and hot water tank less than 1 year old. Newly built private cedar fence that is perfect for entertaining, as well as a built-in electric vehicle (EV) charger station, offering modern convenience and long-term appeal. Located within walking distance to Cody High School and just minutes from major freeways, this home provides easy access to Downtown Detroit and Detroit Metro Airport. Property is occupied--do not approach without a confirmed appointment. BATVAI

  5. 2026-04-09
    listed $92,000 Active 987-char remark
    Show marketing remark (987 chars)

    Welcome to this updated 3-bedroom, 1-bath bungalow on Detroit's west side, where modern upgrades meet everyday comfort and convenience. Step inside to a bright, move-in ready interior featuring a renovated kitchen with white cabinetry, black countertops, and stainless steel appliances, along with new gray luxury flooring and freshly painted throughout. The remodeled bathroom offers a spa-like experience with a multi-function shower panel with rainfall, body jets, and handheld sprayer, plus major updates including HVAC and hot water tank less than 1 year old. Newly built private cedar fence that is perfect for entertaining, as well as a built-in electric vehicle (EV) charger station, offering modern convenience and long-term appeal. Located within walking distance to Cody High School and just minutes from major freeways, this home provides easy access to Downtown Detroit and Detroit Metro Airport. Property is occupied--do not approach without a confirmed appointment. BATVAI

  6. 2026-04-09
    listed $92,000 Active
    Show marketing remark (987 chars)

    Welcome to this updated 3-bedroom, 1-bath bungalow on Detroit's west side, where modern upgrades meet everyday comfort and convenience. Step inside to a bright, move-in ready interior featuring a renovated kitchen with white cabinetry, black countertops, and stainless steel appliances, along with new gray luxury flooring and freshly painted throughout. The remodeled bathroom offers a spa-like experience with a multi-function shower panel with rainfall, body jets, and handheld sprayer, plus major updates including HVAC and hot water tank less than 1 year old. Newly built private cedar fence that is perfect for entertaining, as well as a built-in electric vehicle (EV) charger station, offering modern convenience and long-term appeal. Located within walking distance to Cody High School and just minutes from major freeways, this home provides easy access to Downtown Detroit and Detroit Metro Airport. Property is occupied--do not approach without a confirmed appointment. BATVAI

  7. 2025-10-01
    historical
  8. 2025-09-03
    price $92,000
  9. 2025-09-02
    price $92,000
  10. 2025-07-22
    status Active
  11. 2025-07-22
    status Active
  12. 2025-05-30
    status Pending
  13. 2025-05-30
    status Pending
  14. 2025-05-30
    historical
  15. 2025-05-16
    listed $89,000 Active
  16. 2025-05-16
    listed $89,000 Active
  17. 2025-02-28
    soldstatus $73,000
  18. 2025-02-26
    soldstatus $73,000 Closed
  19. 2025-02-26
    soldstatus $73,000 Closed
  20. 2025-02-25
    status Pending
  21. 2025-02-25
    status Pending
  22. 2025-01-21
    listed $79,900 Active
  23. 2025-01-21
    listed $79,900 Active
  24. 2025-01-21
    historical $79,900
  25. 2024-12-02
    historical
  26. 2024-12-02
    historical
  27. 2024-11-14
    listed $89,900 Active
  28. 2024-11-14
    listed $89,900 Active
  29. 2024-11-13
    historical
  30. 2024-11-13
    historical
  31. 2024-09-24
    soldstatus $28,000 Sold
  32. 2024-09-24
    soldstatus $28,000 Closed
  33. 2024-09-13
    status Pending
  34. 2024-09-13
    status Pending
  35. 2024-08-29
    price $28,000
  36. 2024-08-29
    price $28,000
  37. 2024-08-19
    listed $30,800 Active
  38. 2024-08-19
    listed $30,800 Active
  39. 2011-05-27
    historical
  40. 2011-05-26
    historical
  41. 2011-03-17
    listed $3,500
  42. 2011-03-17
    listed $3,500
  43. 2008-09-16
    soldstatus $65,000
  44. 2008-05-21
    soldstatus $65,000
  45. 2008-03-16
    soldstatus $65,000
  46. 2008-01-15
    listed $69,900
  47. 2008-01-13
    soldstatus $9,900
  48. 2007-11-02
    listed $9,900
  49. 2003-08-04
    soldstatus $30,217
  50. 2003-08-04
    soldstatus $30,217

ⓘ 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
$1,616 · $135/mo
Projected year-2 tax
$1,616 · $135/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 ≥98°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
$14,620
− Mortgage interest
−$5,153
− Property taxes
−$1,616
− Insurance
−$460
− Repairs & maintenance
−$1,170
− Management
−$1,170
− Depreciation
−$2,676
Taxable income
$2,376
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$570
After-tax cash flow
$3,115/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)
50,117
Household income
$30,680
Rent vs Own
50.7% rent · 49.3% own
Severe rent burden
4144.0

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 (71%)
Race & ethnicity
Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
Hispanic origin (detail)
Mexican 3% Puerto Rican 2%
Common ancestry
Arab 2% Romanian 2% Lithuanian 1%
Foreign-born
11% · Canada
Languages at home
82% English-only · Arabic 11% Spanish 5%

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
▼ -160.81%
Current HPI
168.6843
Rent YoY
▼ -2.30%
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

Price history

+207.7% since first listed
55 events — show timeline
  • 2026-04-13 Pending MiRealSource-MiMLS
  • 2026-04-13 Pending REALCOMP
  • 2026-04-13 Pending SW Michigan MLS
  • 2026-04-09 Listed $92,000 REALCOMP
  • 2026-04-09 Listed $92,000 SW Michigan MLS
  • 2026-04-09 Listed $92,000 MiRealSource-MiMLS
  • 2025-10-01 Listing Removed MiRealSource-MiMLS
  • 2025-09-03 Price Changed $92,000 MiRealSource-MiMLS
  • 2025-09-02 Price Changed $92,000 REALCOMP
  • 2025-07-22 Relisted MiRealSource-MiMLS
  • 2025-07-22 Relisted REALCOMP
  • 2025-05-30 Pending MiRealSource-MiMLS
  • 2025-05-30 Pending REALCOMP
  • 2025-05-30 Listing Removed REALCOMP
  • 2025-05-16 Listed $89,000 REALCOMP
  • 2025-05-16 Listed $89,000 MiRealSource-MiMLS
  • 2025-02-28 Sold (Public Records) $73,000 Public Records
  • 2025-02-26 Sold (MLS) $73,000 REALCOMP
  • 2025-02-26 Sold (MLS) $73,000 MiRealSource-MiMLS
  • 2025-02-25 Pending MiRealSource-MiMLS
  • 2025-02-25 Pending REALCOMP
  • 2025-01-21 Listed $79,900 MiRealSource-MiMLS
  • 2025-01-21 Listed $79,900 REALCOMP
  • 2025-01-21 Coming Soon $79,900 MiRealSource-MiMLS
  • 2024-12-02 Listing Removed REALCOMP
  • 2024-12-02 Listing Removed MiRealSource-MiMLS
  • 2024-11-14 Listed $89,900 MiRealSource-MiMLS
  • 2024-11-14 Listed $89,900 REALCOMP
  • 2024-11-13 Coming Soon MiRealSource-MiMLS
  • 2024-11-13 Coming Soon REALCOMP
  • 2024-09-24 Sold (MLS) $28,000 MiRealSource-MiMLS
  • 2024-09-24 Sold (MLS) $28,000 REALCOMP
  • 2024-09-13 Pending MiRealSource-MiMLS
  • 2024-09-13 Pending REALCOMP
  • 2024-08-29 Price Changed $28,000 MiRealSource-MiMLS
  • 2024-08-29 Price Changed $28,000 REALCOMP
  • 2024-08-19 Listed $30,800 MiRealSource-MiMLS
  • 2024-08-19 Listed $30,800 REALCOMP
  • 2011-05-27 Listing Removed MiRealSource-MiMLS
  • 2011-05-26 Listing Removed REALCOMP
  • 2011-03-17 Listed $3,500 REALCOMP
  • 2011-03-17 Listed $3,500 MiRealSource-MiMLS
  • 2008-09-16 Sold (Public Records) $65,000 Public Records
  • 2008-05-21 Sold (Public Records) $65,000 Public Records
  • 2008-03-16 Sold (MLS) $65,000 REALCOMP
  • 2008-01-15 Listed $69,900 REALCOMP
  • 2008-01-13 Sold (MLS) $9,900 REALCOMP
  • 2007-11-02 Listed $9,900 REALCOMP
  • 2003-08-04 Sold (MLS) $30,217 MiRealSource-MiMLS
  • 2003-08-04 Sold (MLS) $30,217 REALCOMP
  • 2003-06-12 Listing Removed MiRealSource-MiMLS
  • 2003-06-06 Listed $25,000 REALCOMP
  • 2003-06-05 Listed $25,000 MiRealSource-MiMLS
  • 1999-07-08 Sold (Public Records) $8,390 Public Records
  • 1996-03-25 Sold (Public Records) $29,900 Public Records

Property tax history

+1.1%/yr

Latest (2025): $1,616 · +79.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…