13610 Woodmont Ave · Detroit, MI 48227

$140,000

4 bd · 1.5 ba · 1,890 sqft · SingleFamily public records · 87 Days on market

Built 1930 10,019 sqft lot Est $170k · 18% under ↓ 7% since listing

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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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +6.2/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

Key facts

• Glass-block windows
• 76-foot double lot
• 0.23 acre lot

Tags

• 76-FOOT DOUBLE LOT
• ORIGINAL MOSAIC TILE FLOORING
• MINT-GREEN CERAMIC TILE BATH
• CUSTOM PLASTER CEILINGS
• GLASS-BLOCK WINDOWS
• STONE-LINED GARDEN POND

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $324 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $132k (6.0% 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 (+5.6%/yr); 391 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 $1,565/mo this rent would consume 51% of the median local household income ($37k/yr) (locally 2371% 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 $968 of loan paydown is wiped out by about $4k 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 + 5.6% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.12% ✓
• Cap rate: 9.07%
• Cash-on-cash: 9.91%
• DSCR: 1.44
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $170,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14004 Woodmont Ave	0.15mi	4/1.0	1,939 (+3%)	2mo	$146,000	$75	85
13551 Asbury Park Park	0.06mi	3/1.5 (-1)	1,989 (+5%)	4mo	$145,000	$73	80
13597 Rutland St	0.28mi	3/1.5 (-1)	1,841 (-3%)	3mo	$185,000	$100	75
14010 Rutherford St	0.32mi	4/2.0	1,840 (-3%)	5mo	$190,000	$103	75
14050 Prevost St	0.39mi	4/2.0	1,932 (+2%)	4mo	$165,000	$85	73
13501 Mettetal St	0.14mi	5/3.0 (+1)	1,993 (+5%)	2mo	$255,000	$128	72
13985 Saint Marys St	0.19mi	3/2.0 (-1)	1,709 (-10%)	6mo	$135,000	$79	64
14257 Mansfield St	0.41mi	3/1.5 (-1)	2,115 (+12%)	4mo	$125,000	$59	52
14529 Asbury Park	0.58mi	4/2.0	1,688 (-11%)	4mo	$127,500	$76	50
14385 Asbury Park	0.46mi	3/1.5 (-1)	1,668 (-12%)	6mo	$235,000	$141	49
14518 Abington Ave	0.59mi	3/2.5 (-1)	1,666 (-12%)	5mo	$150,000	$90	40
14634 Abington Ave	0.70mi	3/1.5 (-1)	1,618 (-14%)	4mo	$165,000	$102	34

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 1.4%
• Equity multiple: 1.05×
• Total profit: $2,103
• Equity at exit: $20,874

10-year hold

• IRR: 13.3%
• Equity multiple: 2.18×
• Total profit: $46,444
• Equity at exit: $12,105

Cash invested: $39,200 (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 48227

• Rents YoY: 5.6%
• Active inventory: 391
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,565 high
• Mortgage (P&I): −$734
• Tax from tax record: −$121 /mo · $1,446/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $324

Break-even live

Break-even rent $1,156

Max offer price $140,000

Occupancy floor 74%

Sensitivity live

Price	-10% $403	-5% $363	+0% $324	+5% $284	+10% $244
Rent	-10% $200	-5% $262	+0% $324	+5% $385	+10% $447
Rate	-1.0pp $394	-0.5pp $359	base $324	+0.5pp $287	+1.0pp $250

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	44d	1	0.60mi
14669 Rutherford St Detroit, MI	4.0	2.0	2359	$1,950	$0.83	44d	1	0.73mi
13279 Coyle St Detroit, MI	3.0	1.0	1444	$1,373	$0.95	44d	1	0.77mi
14104 Coyle St Detroit, MI	3.0	1.0	1327	$1,350	$1.02	6d	1	0.83mi
14800 Woodmont Ave Detroit, MI	3.0	2.0	1612	$1,525	$0.95	16d	1	0.86mi
11641 Mansfield St Unit 2 Detroit, MI	3.0	1.0	1449	$1,300	$0.90	44d	1	0.92mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	44d	1	1.02mi
10030 Abington Ave Detroit, MI	4.0	2.0	1350	$1,475	$1.09	12d	1	1.14mi
12778 Strathmoor St Detroit, MI	3.0	1.0	1597	$1,150	$0.72	6d	1	1.15mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	44d	1	1.31mi
9589 Mansfield St Detroit, MI	4.0	1.0	1250	$1,500	$1.20	6d	1	1.36mi

Listing history 8 events

1. 2026-01-14
   status Pending 1988-char remark

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

2. 2026-01-14
   status Pending

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

3. 2026-01-08
   historical Accepting Backup Offers 1988-char remark

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

4. 2026-01-08
   historical Active Under Contract

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

5. 2025-11-17
   price $140,000 1988-char remark

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

6. 2025-11-17
   price $140,000

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

7. 2025-10-18
   listed $150,000 Active

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

8. 2025-10-18
   listed $150,000 Active 1988-char remark

   Show marketing remark (1988 chars)

   Step back in time with this large 1930 brick bungalow, gracefully set on a rare 76-foot double lot in a quiet, tree-lined Detroit neighborhood. Offering nearly 1,900 sq. ft. above grade plus a partially finished 1,288-sq. -ft. basement, this home blends authentic 1930s craftsmanship with enduring architectural appeal. Inside, you'll find 4 bedrooms and plumbing for 2 full baths with space for a half bath, anchored by a bright living room with plaster cove ceilings and a wood-burning brick fireplace. The formal dining room showcases hand-laid geometric terra-cotta flooring, a distinctive period feature that adds warmth and texture. Original mosaic tile flooring with vintage aqua inlays greets you in the entryway, a rare surviving detail that highlights the artistry of the era. The first-floor mint-green ceramic tile bath continues that heritage with timeless color and durable materials, while the upstairs bath includes a partially completed shower ready for finishing. The basement has space for a half bath, currently awaiting installation of a toilet. Throughout the home and basement, custom plaster ceilings completed by a master plasterer display old-world skill rarely seen today. The lower level offers glass-block windows, rec room, storage areas, and mechanical space, supported by a roof estimated at 8–10 years old and a boiler system installed approximately 10 years ago - a solid foundation for restoration or long-term ownership. Outside, the fenced yard spans two city parcels and features an original hand-crafted stone outdoor fireplace with built-in benches and remnants of a stone-lined garden pond, offering a unique opportunity to recreate a private garden courtyard or outdoor entertaining area. A long driveway provides ample parking and room for a future garage. Property taxes are currently in non-homestead status and will likely be lower if the new owner files a Principal Residence Exemption (PRE) and homesteads the property.

ⓘ 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: $1,446 · $121/mo
• Projected year-2 tax: $1,801 · $150/mo
• Expected delta: +$355/yr (+$30/mo · 24.5%)

ⓘ 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

Taxation est. · year 1

• Rental income: $18,785
• − Mortgage interest: −$7,842
• − Property taxes: −$1,446
• − Insurance: −$700
• − Repairs & maintenance: −$1,503
• − Management: −$1,503
• − Depreciation: −$4,073
• Taxable income: $1,718
• Est. tax owed @ 24.0%: −$412
• After-tax cash flow: $3,471/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

-6.7% since first listed

8 events — show timeline

• 2026-01-14 Pending — MiRealSource-MiMLS
• 2026-01-14 Pending — REALCOMP
• 2026-01-08 Contingent — MiRealSource-MiMLS
• 2026-01-08 Contingent — REALCOMP
• 2025-11-17 Price Changed $140,000 MiRealSource-MiMLS
• 2025-11-17 Price Changed $140,000 REALCOMP
• 2025-10-18 Listed $150,000 REALCOMP
• 2025-10-18 Listed $150,000 MiRealSource-MiMLS

Property tax history

-1.8%/yr

Latest (2025): $1,446 · -54.1% YoY. Source: county tax records.