5050 Somerset Ave · Detroit, MI 48224

$72,900

5 bd · 1.0 ba · 1,356 sqft · SingleFamily public records · 21 Days on market

Built 1928 4,792 sqft lot $54/sqft · 45% below area Est $132k · 45% 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 +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment-ready opportunity: a solid 3-bedroom ranch that's currently rented, offering immediate income for the right buyer. Updated kitchen and bathroom. Located close to shopping and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. * * * * * Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions. * * * * * Owner will provide property vacant at closing with acceptable terms if buyer wants. Owner has other rentals properties to sell and this can be bought individually or as a package deal. The other addresses are 5050 Somerset, 6334 Hereford, and 8810 Farmbrook all in Detroit. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.

Key facts

• In demand area
• Convenient area
• Updated kitchen

Tags

• UPDATED KITCHEN
• UPDATED BATHROOM
• CONVENIENT AREA
• IN DEMAND AREA

Property features AI

Finance

• Other: Lot approximately 0.11 acres (40 x 124.09); Property marketed by RE/MAX First
• Financial info: No investor or income/expense details provided
• HOA & community: No HOA details provided

Exterior

• Parking: Detached 2-car garage
• Security: No security details provided
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps; Brick construction
• Construction: Asphalt roof; Block foundation
• Exterior features: Paved road access

Interior

• Kitchen: No kitchen appliance list provided
• Bedrooms: 6 total rooms (includes bedrooms and living spaces)
• Flooring: No flooring details provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No cooling
• Interior features: Gas water heater; Unfinished basement
• Laundry & utility: No laundry/utility details provided

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $856 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $73k).
• Recommended offer: $72k (1.5% below list) — sets the bar for market timing.
• Cap rate 20.4% 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 flat; 484 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $1,722/mo this rent would consume 46% of the median local household income ($45k/yr) (locally 2515% 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 $504 of loan paydown is wiped out by about $2k 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 + 0.7% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 21y 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 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $71,806 (1.5% below list)

Questions for the listing agent

1. Built in 1928 — 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: 2.36% ✓
• Cap rate: 20.39%
• Cash-on-cash: 50.33%
• DSCR: 3.24
• GRM: 3.5

CMA / ARV

• ARV (median comp): $132,000
• List price: $72,900
• Delta: -44.77%
• 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
4890 Three Mile Dr	0.45mi	4/1.5 (-1)	1,308 (-4%)	3mo	$150,000	$115	64
4810 Lakepointe St	0.27mi	4/1.0 (-1)	1,218 (-10%)	3mo	$200,000	$164	63
5545 Maryland St	0.39mi	4/1.0 (-1)	1,251 (-8%)	6mo	$140,000	$112	59
9444 Beaconsfield St	0.74mi	5/1.5	1,369 (+1%)	6mo	$135,000	$99	57
4703 Lakepointe St	0.34mi	4/1.0 (-1)	1,255 (-7%)	15mo	$154,000	$123	55
5568 Manistique St	0.54mi	4/2.5 (-1)	1,373 (+1%)	14mo	$145,000	$106	50
11480 E Outer Dr	0.31mi	4/1.0 (-1)	1,163 (-14%)	12mo	$57,000	$49	46
5728 Bedford St	0.52mi	4/2.0 (-1)	1,293 (-5%)	17mo	$75,000	$58	45
9211 Devonshire Rd	0.75mi	4/1.0 (-1)	1,291 (-5%)	10mo	$135,000	$105	44
3975 Chatsworth St	0.61mi	4/2.0 (-1)	1,440 (+6%)	10mo	$80,500	$56	43
4329 Haverhill St	0.47mi	4/1.0 (-1)	1,558 (+15%)	10mo	$47,000	$30	40
3961 Chatsworth St	0.63mi	4/1.0 (-1)	1,548 (+14%)	14mo	$100,050	$65	30

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 45.5%
• Equity multiple: 2.91×
• Total profit: $38,899
• Equity at exit: $10,870

10-year hold

• IRR: 50.3%
• Equity multiple: 5.37×
• Total profit: $89,121
• Equity at exit: $6,303

Cash invested: $20,412 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,722 high
• Mortgage (P&I): −$382
• Tax est. 1.5%: −$91 /mo · $1,094/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $856

Break-even live

Break-even rent $638

Max offer price $72,900

Occupancy floor 45%

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: $18,225
• Closing costs: $2,187
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	43d	1	1.01mi
9142 Yorkshire Rd Detroit, MI	5.0	1.5	1450	$1,700	$1.17	1d	1	1.10mi
9171 Bishop St Detroit, MI	4.0	1.0	1508	$1,300	$0.86	43d	1	1.13mi
10030 Bishop St Detroit, MI	5.0	2.0	1721	$1,200	$0.70	17d	1	1.23mi
13395 Maiden St Detroit, MI	5.0	2.0	1750	$1,600	$0.91	24d	1	1.28mi

Listing history 24 events

1. 2026-04-28
   historical

   Show marketing remark (819 chars)

   Investment-ready opportunity: a solid 3-bedroom ranch that's currently rented, offering immediate income for the right buyer. Updated kitchen and bathroom. Located close to shopping and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. * * * * * Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions. * * * * * Owner will provide property vacant at closing with acceptable terms if buyer wants. Owner has other rentals properties to sell and this can be bought individually or as a package deal. The other addresses are 5050 Somerset, 6334 Hereford, and 8810 Farmbrook all in Detroit. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.

2. 2026-04-28
   listed $72,900 Active 819-char remark

   Show marketing remark (819 chars)

   Investment-ready opportunity: a solid 3-bedroom ranch that's currently rented, offering immediate income for the right buyer. Updated kitchen and bathroom. Located close to shopping and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. * * * * * Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions. * * * * * Owner will provide property vacant at closing with acceptable terms if buyer wants. Owner has other rentals properties to sell and this can be bought individually or as a package deal. The other addresses are 5050 Somerset, 6334 Hereford, and 8810 Farmbrook all in Detroit. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.

3. 2026-04-28
   listed $72,900 Active

   Show marketing remark (819 chars)

   Investment-ready opportunity: a solid 3-bedroom ranch that's currently rented, offering immediate income for the right buyer. Updated kitchen and bathroom. Located close to shopping and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. * * * * * Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions. * * * * * Owner will provide property vacant at closing with acceptable terms if buyer wants. Owner has other rentals properties to sell and this can be bought individually or as a package deal. The other addresses are 5050 Somerset, 6334 Hereford, and 8810 Farmbrook all in Detroit. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.

4. 2026-04-28
   historical

   Show marketing remark (819 chars)

   Investment-ready opportunity: a solid 3-bedroom ranch that's currently rented, offering immediate income for the right buyer. Updated kitchen and bathroom. Located close to shopping and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. * * * * * Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions. * * * * * Owner will provide property vacant at closing with acceptable terms if buyer wants. Owner has other rentals properties to sell and this can be bought individually or as a package deal. The other addresses are 5050 Somerset, 6334 Hereford, and 8810 Farmbrook all in Detroit. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.

5. 2026-04-16
   listed $79,900 Active
6. 2026-04-16
   listed $79,900 Active
7. 2026-04-16
   historical
8. 2026-04-16
   historical
9. 2026-03-22
   listed $84,900 Active
10. 2026-03-22
    listed $84,900 Active
11. 2025-10-01
    historical
12. 2025-10-01
    historical
13. 2025-08-08
    price $69,900
14. 2025-08-08
    price $69,900
15. 2025-07-16
    price $76,500
16. 2025-07-15
    price $76,500
17. 2025-06-25
    price $84,900
18. 2025-06-24
    price $84,900
19. 2025-06-03
    listed $89,900 Active
20. 2025-06-03
    listed $89,900 Active
21. 2006-09-07
    soldstatus $35,000
22. 2005-08-08
    listed $77,150
23. 2004-04-16
    soldstatus $150,000
24. 2003-12-08
    soldstatus $59,800

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,658
• − Mortgage interest: −$4,084
• − Property taxes: −$1,094
• − Insurance: −$364
• − Repairs & maintenance: −$1,653
• − Management: −$1,653
• − Depreciation: −$2,121
• Taxable income: $9,690
• Est. tax owed @ 24.0%: −$2,326
• After-tax cash flow: $7,949/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+42.0% since first listed

28 events — show timeline

• 2026-06-01 Sold (MLS) $84,900 MiRealSource-MiMLS
• 2026-06-01 Sold (MLS) $84,900 REALCOMP
• 2026-05-19 Pending — MiRealSource-MiMLS
• 2026-05-19 Pending — REALCOMP
• 2026-04-28 Listing Removed — MiRealSource-MiMLS
• 2026-04-28 Listing Removed — REALCOMP
• 2026-04-28 Listed $72,900 MiRealSource-MiMLS
• 2026-04-28 Listed $72,900 REALCOMP
• 2026-04-16 Listed $79,900 REALCOMP
• 2026-04-16 Listing Removed — REALCOMP
• 2026-04-16 Listing Removed — MiRealSource-MiMLS
• 2026-04-16 Listed $79,900 MiRealSource-MiMLS
• 2026-03-22 Listed $84,900 REALCOMP
• 2026-03-22 Listed $84,900 MiRealSource-MiMLS
• 2025-10-01 Listing Removed — REALCOMP
• 2025-10-01 Listing Removed — MiRealSource-MiMLS
• 2025-08-08 Price Changed $69,900 MiRealSource-MiMLS
• 2025-08-08 Price Changed $69,900 REALCOMP
• 2025-07-16 Price Changed $76,500 MiRealSource-MiMLS
• 2025-07-15 Price Changed $76,500 REALCOMP
• 2025-06-25 Price Changed $84,900 MiRealSource-MiMLS
• 2025-06-24 Price Changed $84,900 REALCOMP
• 2025-06-03 Listed $89,900 REALCOMP
• 2025-06-03 Listed $89,900 MiRealSource-MiMLS
• 2006-09-07 Sold (MLS) $35,000 REALCOMP
• 2005-08-08 Listed $77,150 REALCOMP
• 2004-04-16 Sold (Public Records) $150,000 Public Records
• 2003-12-08 Sold (Public Records) $59,800 Public Records

Property tax history

+6.4%/yr

Latest (2025): $3,712 · +0.6% YoY. Source: county tax records.