8845 Faust Ave · Detroit, 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
- 5 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
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
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.
Questions for the listing agent
- Built in 1947 — 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.
- 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?
- 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?
- 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
- 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
- IRR
- 1.2%
- Equity multiple
- 1.04×
- Total profit
- $1,111
- Equity at exit
- $13,717
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-04-13status 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
-
2026-04-13status 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
-
2026-04-13status 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
-
2026-04-09$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
-
2026-04-09$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
-
2026-04-09$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
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2025-10-01historical
-
2025-09-03price $92,000
-
2025-09-02price $92,000
-
2025-07-22status Active
-
2025-07-22status Active
-
2025-05-30status Pending
-
2025-05-30status Pending
-
2025-05-30historical
-
2025-05-16$89,000 Active
-
2025-05-16$89,000 Active
-
2025-02-28soldstatus $73,000
-
2025-02-26soldstatus $73,000 Closed
-
2025-02-26soldstatus $73,000 Closed
-
2025-02-25status Pending
-
2025-02-25status Pending
-
2025-01-21$79,900 Active
-
2025-01-21$79,900 Active
-
2025-01-21historical $79,900
-
2024-12-02historical
-
2024-12-02historical
-
2024-11-14$89,900 Active
-
2024-11-14$89,900 Active
-
2024-11-13historical
-
2024-11-13historical
-
2024-09-24soldstatus $28,000 Sold
-
2024-09-24soldstatus $28,000 Closed
-
2024-09-13status Pending
-
2024-09-13status Pending
-
2024-08-29price $28,000
-
2024-08-29price $28,000
-
2024-08-19$30,800 Active
-
2024-08-19$30,800 Active
-
2011-05-27historical
-
2011-05-26historical
-
2011-03-17$3,500
-
2011-03-17$3,500
-
2008-09-16soldstatus $65,000
-
2008-05-21soldstatus $65,000
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2008-03-16soldstatus $65,000
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2008-01-15$69,900
-
2008-01-13soldstatus $9,900
-
2007-11-02$9,900
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2003-08-04soldstatus $30,217
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2003-08-04soldstatus $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
- 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
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
- 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 |
|---|---|---|
| Automotive Parts | 3 | $48B |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+207.7% since first listed55 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%/yrLatest (2025): $1,616 · +79.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…