19323 Buffalo St · Detroit, MI 48234

$107,900

3 bd · 1.0 ba · 1,077 sqft · SingleFamily public records · 37 Days on market

Built 1947 4,356 sqft lot $100/sqft · 150% above area ↓ 17% since listing

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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 +26.9/30.0
• DSCR +9.3/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Walk into this charming 3-bedroom bungalow in Detroit offering 1,077 sq. ft. of comfortable living space! From the moment you step inside, you'll appreciate the beautiful hardwood floors that flow throughout the main living areas, adding warmth and character to the home. The inviting living room features a cozy wood-burning fireplace - perfect for relaxing evenings at home. Need extra space? The finished loft provides additional living or flex space ideal for a home office, playroom, or guest area. Downstairs, the finished basement with durable epoxy flooring offers even more room for entertaining, recreation, or storage possibilities. Outside, enjoy a fenced-in backyard and a detached 1-car garage, giving you both privacy and convenience. Located with easy highway access for commuters and just around the corner from Syracuse Playground, this home combines comfort, functionality, and location.

Key facts

• Finished loft
• Fenced in backyard
• Finished basement

Tags

• HARDWOOD FLOORS
• WOOD BURNING FIREPLACE
• FINISHED LOFT
• FINISHED BASEMENT
• FENCED IN BACKYARD
• EASY HIGHWAY ACCESS

Property features AI

Finance

• Other: Located in the OSSOWSKI subdivision; cross streets 7 Mile & Mound

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Brick construction; Block foundation
• Construction: Brick construction; Block foundation
• Exterior features: Paved road access; Lot approximately 0.1 acres (40 x 105.82); Ground-level entry

Interior

• Kitchen: Built-In Electric Range; Free-Standing Electric Oven; Free-Standing Refrigerator
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No central air cooling
• Interior features: Finished basement; Built-In Electric Range; Free-Standing Electric Oven; Free-Standing Refrigerator; Eight total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $298 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $108k).
• Recommended offer: $105k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.7%/yr); 227 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 45% of the median local income ($35k/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 $746 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.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $30k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 3y 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.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $104,663 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 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 1947 — 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: 1.22% ✓
• Cap rate: 9.61%
• Cash-on-cash: 11.84%
• DSCR: 1.53
• GRM: 6.9

CMA / ARV

• ARV (median comp): $65,506
• List price: $107,900
• Delta: 64.72%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19608 Buffalo St	0.16mi	3/1.0	1,014 (-6%)	1mo	$68,000	$67	82
19610 Conley St	0.26mi	3/1.0	1,120 (+4%)	0mo	$80,000	$71	81
19416 Lamont St	0.34mi	3/1.5	1,065 (-1%)	1mo	$9,000	$8	80
19442 Moenart St	0.14mi	3/1.5	1,145 (+6%)	2mo	$74,999	$66	79
3191 E Outer Dr	0.32mi	3/1.5	1,072 (-0%)	6mo	$79,500	$74	77
19366 Fenelon St	0.28mi	3/1.5	1,108 (+3%)	4mo	$70,000	$63	77
19672 Justine St	0.57mi	3/1.0	1,050 (-2%)	2mo	$47,500	$45	68
19322 Shields St	0.58mi	3/1.0	1,050 (-2%)	6mo	$43,000	$41	64
19351 Dwyer St	0.34mi	3/1.0	971 (-10%)	6mo	$120,000	$124	63
19392 Justine St	0.53mi	3/1.0	1,000 (-7%)	3mo	$45,000	$45	61
19235 Lamont St	0.35mi	2/1.0 (-1)	960 (-11%)	1mo	$40,000	$42	60
19721 Hasse St	0.52mi	3/2.5	1,226 (+14%)	5mo	$42,000	$34	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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 5.4%
• Equity multiple: 1.22×
• Total profit: $6,601
• Equity at exit: $16,088

10-year hold

• IRR: 18.0%
• Equity multiple: 2.75×
• Total profit: $52,810
• Equity at exit: $9,329

Cash invested: $30,212 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 227
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,312 high
• Mortgage (P&I): −$566
• Tax from tax record: −$127 /mo · $1,530/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $298

Break-even live

Break-even rent $935

Max offer price $107,900

Occupancy floor 72%

Sensitivity live

Price	-10% $359	-5% $329	+0% $298	+5% $267	+10% $237
Rent	-10% $194	-5% $246	+0% $298	+5% $350	+10% $402
Rate	-1.0pp $352	-0.5pp $325	base $298	+0.5pp $270	+1.0pp $242

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: $26,975
• Closing costs: $3,237
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	5d	1	0.05mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	25d	1	0.15mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	44d	1	0.23mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	23d	1	0.23mi
18891 Moenart St Detroit, MI	3.0	1.0	870	$1,195	$1.37	17d	1	0.25mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	3d	1	0.25mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	44d	1	0.26mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	25d	1	0.28mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	6d	1	0.33mi
18677 Moenart St Detroit, MI	2.0	1.0	1470	$1,200	$0.82	44d	1	0.37mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	17d	1	0.52mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	17d	1	0.65mi
18662 Sunset St Detroit, MI	2.0	1.0	726	$1,250	$1.72	19d	1	0.74mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	17d	1	0.91mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	44d	1	0.95mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.98mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	6d	1	0.99mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	25d	1	1.00mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	6d	1	1.01mi
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	25d	1	1.03mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	25d	1	1.07mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	44d	1	1.09mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	44d	1	1.13mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	25d	1	1.16mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	16d	1	1.17mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1160	$1,595	$1.38	44d	1	1.21mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1152	$1,595	$1.38	3d	1	1.21mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	44d	1	1.21mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	17d	1	1.31mi
7060 Victory Ave Warren, MI	3.0	1.0	945	$1,450	$1.53	12d	1	1.46mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	17d	1	1.48mi

Listing history 50 events

1. 2026-06-21
   days on market $107,900 Active 37 DOM
2. 2026-06-18
   days on market $107,900 Active 34 DOM
3. 2026-06-17
   days on market $107,900 Active 33 DOM
4. 2026-06-15
   days on market $107,900 Active 31 DOM
5. 2026-06-13
   days on market $107,900 Active 29 DOM
6. 2026-06-13
   days on market $107,900 Active 28 DOM
7. 2026-06-09
   days on market $107,900 Active 25 DOM
8. 2026-06-08
   days on market $107,900 Active 24 DOM
9. 2026-06-07
   days on market $107,900 Active 23 DOM
10. 2026-06-04
    days on market $107,900 Active 20 DOM
11. 2026-06-03
    days on market $107,900 Active 19 DOM
12. 2026-06-02
    days on market $107,900 Active 18 DOM
13. 2026-06-01
    days on market $107,900 Active 17 DOM
14. 2026-05-31
    days on market $107,900 Active 16 DOM
15. 2026-05-15
    listed $107,900 Active 908-char remark

    Show marketing remark (908 chars)

    Walk into this charming 3-bedroom bungalow in Detroit offering 1,077 sq. ft. of comfortable living space! From the moment you step inside, you'll appreciate the beautiful hardwood floors that flow throughout the main living areas, adding warmth and character to the home. The inviting living room features a cozy wood-burning fireplace - perfect for relaxing evenings at home. Need extra space? The finished loft provides additional living or flex space ideal for a home office, playroom, or guest area. Downstairs, the finished basement with durable epoxy flooring offers even more room for entertaining, recreation, or storage possibilities. Outside, enjoy a fenced-in backyard and a detached 1-car garage, giving you both privacy and convenience. Located with easy highway access for commuters and just around the corner from Syracuse Playground, this home combines comfort, functionality, and location.

16. 2026-05-15
    listed $107,900 Active 918-char remark

    Show marketing remark (908 chars)

    Walk into this charming 3-bedroom bungalow in Detroit offering 1,077 sq. ft. of comfortable living space! From the moment you step inside, you'll appreciate the beautiful hardwood floors that flow throughout the main living areas, adding warmth and character to the home. The inviting living room features a cozy wood-burning fireplace - perfect for relaxing evenings at home. Need extra space? The finished loft provides additional living or flex space ideal for a home office, playroom, or guest area. Downstairs, the finished basement with durable epoxy flooring offers even more room for entertaining, recreation, or storage possibilities. Outside, enjoy a fenced-in backyard and a detached 1-car garage, giving you both privacy and convenience. Located with easy highway access for commuters and just around the corner from Syracuse Playground, this home combines comfort, functionality, and location.

17. 2026-05-14
    historical
18. 2026-02-25
    status Active
19. 2026-02-25
    status Active
20. 2026-01-20
    status Pending
21. 2026-01-20
    status Pending
22. 2026-01-20
    historical
23. 2025-10-15
    price $107,900
24. 2025-10-14
    price $107,900
25. 2025-10-09
    price $1,079,000
26. 2025-10-09
    price $1,079,000
27. 2025-09-04
    listed $120,000 Active
28. 2025-09-04
    listed $120,000 Active
29. 2025-09-03
    historical
30. 2025-02-18
    historical
31. 2025-02-18
    historical
32. 2024-12-23
    listed $105,000 Active
33. 2024-12-23
    listed $105,000 Active
34. 2024-12-22
    historical
35. 2024-11-30
    historical
36. 2024-11-30
    historical
37. 2024-10-11
    status Active
38. 2024-10-11
    status Active
39. 2024-10-11
    historical
40. 2024-10-10
    historical
41. 2024-09-26
    historical Accepting Backup Offers
42. 2024-09-26
    historical Accepting Backup Offers
43. 2024-08-14
    price $105,000
44. 2024-08-14
    price $105,000
45. 2024-08-13
    price $105,000
46. 2024-07-10
    listed $109,000 Active
47. 2024-07-10
    listed $109,000 Active
48. 2024-01-17
    historical
49. 2024-01-17
    historical
50. 2023-12-29
    price $119,990

ⓘ 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: $1,530 · $127/mo
• Projected year-2 tax: $1,596 · $133/mo
• Expected delta: +$66/yr (+$6/mo · 4.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,740
• − Mortgage interest: −$6,044
• − Property taxes: −$1,530
• − Insurance: −$540
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$3,139
• Taxable income: $1,970
• Est. tax owed @ 24.0%: −$473
• After-tax cash flow: $3,103/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 (94%)
• Race & ethnicity: Black 94% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

-17.0% since first listed

39 events — show timeline

• 2026-05-15 Listed $107,900 REALCOMP
• 2026-05-15 Listed $107,900 MiRealSource-MiMLS
• 2026-05-14 Listing Removed — MiRealSource-MiMLS
• 2026-02-25 Relisted — MiRealSource-MiMLS
• 2026-02-25 Relisted — REALCOMP
• 2026-01-20 Pending — MiRealSource-MiMLS
• 2026-01-20 Pending — REALCOMP
• 2026-01-20 Listing Removed — REALCOMP
• 2025-10-15 Price Changed $107,900 MiRealSource-MiMLS
• 2025-10-14 Price Changed $107,900 REALCOMP
• 2025-10-09 Price Changed $1,079,000 MiRealSource-MiMLS
• 2025-10-09 Price Changed $1,079,000 REALCOMP
• 2025-09-04 Listed $120,000 MiRealSource-MiMLS
• 2025-09-04 Listed $120,000 REALCOMP
• 2025-09-03 Coming Soon — MiRealSource-MiMLS
• 2025-02-18 Listing Removed — MiRealSource-MiMLS
• 2025-02-18 Listing Removed — REALCOMP
• 2024-12-23 Listed $105,000 MiRealSource-MiMLS
• 2024-12-23 Listed $105,000 REALCOMP
• 2024-12-22 Coming Soon — MiRealSource-MiMLS
• 2024-11-30 Listing Removed — MiRealSource-MiMLS
• 2024-11-30 Listing Removed — REALCOMP
• 2024-10-11 Relisted — REALCOMP
• 2024-10-11 Relisted — MiRealSource-MiMLS
• 2024-10-11 Listing Removed — MiRealSource-MiMLS
• 2024-10-10 Listing Removed — REALCOMP
• 2024-09-26 Contingent — REALCOMP
• 2024-09-26 Contingent — MiRealSource-MiMLS
• 2024-08-14 Price Changed $105,000 MiRealSource-MiMLS
• 2024-08-14 Price Changed $105,000 REALCOMP
• 2024-08-13 Price Changed $105,000 SW Michigan MLS
• 2024-07-10 Listed $109,000 MiRealSource-MiMLS
• 2024-07-10 Listed $109,000 REALCOMP
• 2024-01-17 Listing Removed — MiRealSource-MiMLS
• 2024-01-17 Listing Removed — REALCOMP
• 2023-12-29 Price Changed $119,990 MiRealSource-MiMLS
• 2023-12-28 Price Changed $119,990 REALCOMP
• 2023-06-22 Listed $129,990 MiRealSource-MiMLS
• 2023-06-22 Listed $129,990 REALCOMP

Property tax history

+2.3%/yr

Latest (2025): $1,530 · -1.0% YoY. Source: county tax records.