16810 Monte Vista St · 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 97°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 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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Livability +3.7/5.0
- Rent growth +3.4/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$79,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This could be your home or the next cash cow in your portfolio! Beautiful 3 bedroom 1 bath Bungalow with covered front porch on a partially finished basement with plenty of storage just block from Marygrove Conservancy. This home is just waiting for your updates. Cash or Conv. Home sold as is. Close to grocery, shopping, and major freeways that will have you in the suburbs or downtown in minutes. Â All information to be confirmed by the buyer and/or their agent(s).
Key facts
- 3,920 sq ft lot
- Garage
- Built 1939
Property features AI
Exterior
- Parking: Detached 1-car garage
- Utilities: Public water; Public sewer
- Home design: Single-family residence; One-and-a-half stories; Ground-level entry with steps; Brick construction
- Construction: Block foundation
- Exterior features: Paved road access; Lot approximately 0.09 acres (36 x 107.5)
Interior
- Bathrooms: One full bathroom
- Heating & cooling: Forced air heating; Natural gas heating; No central cooling
- Interior features: Partially finished basement; Six total rooms
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $79k.
Deal economics
- At list price, monthly cash flow is $347 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $79k).
- Recommended offer: $78k (1.5% 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 (+3.4%/yr); 349 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $546 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 + 3.4% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 30 days — a 2% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 20y 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: property tax is 4.0% of price; built in 1939 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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
- 1.69% ✓
- Cap rate
- 11.56%
- Cash-on-cash
- 18.81%
- DSCR
- 1.84
- GRM
- 4.9
CMA / ARV
- ARV (median comp)
- $160,032
- List price
- $79,000
- Delta
- -50.63%
- 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 |
|---|---|---|---|---|---|---|---|
| 16516 Appoline St | 0.22mi | 3/1.0 | 1,350 (+8%) | 1mo | $39,500 | $29 | 75 |
| 16800 Ilene St | 0.28mi | 3/2.5 | 1,298 (+4%) | 1mo | $210,000 | $162 | 74 |
| 15771 Birwood St | 0.54mi | 3/1.5 | 1,290 (+3%) | 0mo | $128,995 | $100 | 67 |
| 16562 Tracey St | 0.67mi | 3/1.0 | 1,244 (-1%) | 2mo | $60,000 | $48 | 66 |
| 17621 Meyers Rd | 0.54mi | 2/2.0 (-1) | 1,264 (+1%) | 0mo | $40,000 | $32 | 64 |
| 17147 Appoline St | 0.28mi | 3/2.0 | 1,100 (-12%) | 1mo | $170,000 | $155 | 62 |
| 16176 Tracey St | 0.71mi | 3/2.0 | 1,270 (+2%) | 0mo | $70,000 | $55 | 60 |
| 17161 Ward Ave | 0.44mi | 3/1.5 | 1,377 (+10%) | 2mo | $194,500 | $141 | 59 |
| 16180 Snowden St | 0.56mi | 3/1.0 | 1,137 (-9%) | 0mo | $61,000 | $54 | 58 |
| 16863 Tracey St | 0.69mi | 3/2.0 | 1,200 (-4%) | 2mo | $165,000 | $138 | 55 |
| 15824 Snowden St | 0.66mi | 3/1.0 | 1,127 (-10%) | 0mo | $61,000 | $54 | 52 |
| 15824 Snowden St | 0.66mi | 3/1.0 | 1,127 (-10%) | 0mo | $61,000 | $54 | 52 |
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 · 3.44% rent growth · sell at horizon
- IRR
- 11.3%
- Equity multiple
- 1.45×
- Total profit
- $10,005
- Equity at exit
- $11,779
- IRR
- 20.8%
- Equity multiple
- 2.81×
- Total profit
- $40,113
- Equity at exit
- $6,830
Cash invested: $22,120 (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 48221
- Rents YoY
- 3.4%
- Active inventory
- 349
- Price-to-rent
- 4.9×
Monthly cashflow live
- Estimated rent
- $1,339 high interval (Pro) →
- Mortgage (P&I)
- −$414
- Tax from tax record
- −$264 /mo · $3,162/yr
- Insurance
- −$33
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$281
- Net cashflow
- $347
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
- $19,750
- Closing costs
- $2,370
- 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 |
|---|---|---|---|---|---|---|---|---|
| 16934 Ilene St Detroit, MI | 3.0 | 1.5 | 1516 | $1,400 | $0.92 | 19d | 1 | 0.31mi |
| 16204 Steel St Detroit, MI | 3.0 | 1.0 | 969 | $1,150 | $1.19 | 43d | 1 | 0.33mi |
| 16889 Washburn St Detroit, MI | 3.0 | 1.5 | 1300 | $1,100 | $0.85 | 17d | 1 | 0.33mi |
| 17540 Pinehurst St Detroit, MI | 3.0 | 1.0 | 1200 | $1,395 | $1.16 | 43d | 1 | 0.42mi |
| 16230 Cheyenne St Detroit, MI | 3.0 | 1.0 | 1653 | $1,450 | $0.88 | 43d | 1 | 0.44mi |
| 15760 Monte Vista St Detroit, MI | 2.0 | 1.0 | 1080 | $1,250 | $1.16 | 43d | 1 | 0.56mi |
| 16230 Indiana St Unit 2 Detroit, MI | 2.0 | 1.0 | 1050 | $1,200 | $1.14 | 17d | 1 | 0.58mi |
| 16546 Wisconsin St Detroit, MI | 3.0 | 1.0 | 1577 | $1,500 | $0.95 | 43d | 1 | 0.60mi |
| 16183 Wisconsin St Detroit, MI | 3.0 | 1.5 | 1370 | $1,400 | $1.02 | 43d | 1 | 0.63mi |
| 15708 Birwood St Detroit, MI | 3.0 | 1.0 | 1255 | $1,100 | $0.88 | 4d | 1 | 0.65mi |
| 15512 Mendota St Apt 2 Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 43d | 1 | 0.65mi |
| 15512 Mendota St Detroit, MI | 2.0 | 1.0 | 931 | $1,200 | $1.29 | 4d | 1 | 0.65mi |
| 15765 Washburn St Detroit, MI | 2.0 | 1.0 | 1093 | $950 | $0.87 | 43d | 1 | 0.65mi |
| 17159 Northlawn St Unit 17161 Detroit, MI | 2.0 | 1.0 | 1122 | $975 | $0.87 | 4d | 1 | 0.75mi |
| 17195 Northlawn St #2 Detroit, MI | 2.0 | 1.0 | 1200 | $1,050 | $0.88 | 24d | 1 | 0.76mi |
| 17195 Northlawn St #1 Detroit, MI | 2.0 | 1.0 | 1200 | $1,100 | $0.92 | 19d | 1 | 0.76mi |
| 15777 Wisconsin St Unit 77 Detroit, MI | 2.0 | 1.0 | 900 | $950 | $1.06 | 4d | 1 | 0.77mi |
| 15388 Appoline St #203 Detroit, MI | 2.0 | 1.0 | 900 | $850 | $0.94 | 43d | 1 | 0.78mi |
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 10d | 1 | 0.80mi |
| 16505 Stansbury St Detroit, MI | 3.0 | 1.0 | 1700 | $1,345 | $0.79 | 43d | 1 | 0.80mi |
| 15791 Cherrylawn St Detroit, MI | 2.0 | 1.0 | 1792 | $1,100 | $0.61 | 43d | 1 | 0.85mi |
| 18010 Lesure St Detroit, MI | 3.0 | 1.0 | 1010 | $1,550 | $1.53 | 24d | 1 | 0.88mi |
| 17530 Roselawn St Unit 1 Detroit, MI | 3.0 | 2.0 | 1600 | $2,000 | $1.25 | 24d | 1 | 0.91mi |
| 15517 Lesure St Unit BDRM1A Detroit, MI | 2.0 | 1.0 | 1000 | $850 | $0.85 | 24d | 1 | 0.96mi |
| 18675 Meyers Rd Unit 18677 Detroit, MI | 2.0 | 1.0 | 942 | $1,100 | $1.17 | 43d | 1 | 0.96mi |
| 15340 Hartwell St Detroit, MI | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 16d | 1 | 0.98mi |
| 17368 Woodingham Dr Detroit, MI | 3.0 | 1.5 | 1200 | $1,800 | $1.50 | 43d | 1 | 0.99mi |
| 15088 Littlefield St Detroit, MI | 2.0 | 1.0 | 1294 | $1,275 | $0.99 | 21d | 1 | 1.02mi |
| 15457 Cloverlawn St Detroit, MI | 3.0 | 2.0 | 1500 | $1,275 | $0.85 | 24d | 1 | 1.03mi |
| 16722 Tuller St Detroit, MI | 3.0 | 1.5 | 1100 | $1,500 | $1.36 | 16d | 1 | 1.03mi |
| 18512 Schaefer Hwy Detroit, MI | 2.0 | 1.0 | 962 | $1,200 | $1.25 | 24d | 1 | 1.05mi |
| 15387 Lesure St Detroit, MI | 3.0 | 1.0 | 1064 | $1,350 | $1.27 | 12d | 1 | 1.05mi |
| 16255 Lilac St Detroit, MI | 3.0 | 1.0 | 1312 | $1,394 | $1.06 | 17d | 1 | 1.08mi |
| 15762 Mark Twain St Detroit, MI | 3.0 | 2.0 | 1430 | $1,250 | $0.87 | 16d | 1 | 1.10mi |
| 14881 Mendota St Detroit, MI | 3.0 | 1.0 | 1026 | $1,100 | $1.07 | 24d | 1 | 1.11mi |
| 15771 Turner St Detroit, MI | 2.0 | 1.0 | 1000 | $1,049 | $1.05 | 43d | 1 | 1.12mi |
| 18935 Indiana St Detroit, MI | 3.0 | 1.0 | 1248 | $1,523 | $1.22 | 4d | 1 | 1.14mi |
| 17163 Prairie St Unit 1B Detroit, MI | 3.0 | 1.5 | 1317 | $1,350 | $1.03 | 43d | 1 | 1.17mi |
| 18257 Mark Twain St Detroit, MI | 3.0 | 1.0 | 1185 | $1,507 | $1.27 | 16d | 1 | 1.20mi |
| 17147 Monica St Unit 2 1 Detroit, MI | 2.0 | 1.0 | 900 | $975 | $1.08 | 24d | 1 | 1.22mi |
Listing history 27 events
-
2026-06-02status $79,000 Pending 30 DOM
-
2026-06-01days on market $79,000 Active Under Contract 30 DOM
Show marketing remark (480 chars)
This could be your home or the next cash cow in your portfolio! Beautiful 3 bedroom 1 bath Bungalow with covered front porch on a partially finished basement with plenty of storage just block from Marygrove Conservancy. This home is just waiting for your updates. Cash or Conv. Home sold as is. Close to grocery, shopping, and major freeways that will have you in the suburbs or downtown in minutes. Â All information to be confirmed by the buyer and/or their agent(s).
-
2026-05-31days on market $79,000 Active Under Contract 29 DOM
-
2026-05-07status Active Under Contract 473-char remark
-
2026-05-05historical Accepting Backup Offers 480-char remark
Show marketing remark (480 chars)
This could be your home or the next cash cow in your portfolio! Beautiful 3 bedroom 1 bath Bungalow with covered front porch on a partially finished basement with plenty of storage just block from Marygrove Conservancy. This home is just waiting for your updates. Cash or Conv. Home sold as is. Close to grocery, shopping, and major freeways that will have you in the suburbs or downtown in minutes. Â All information to be confirmed by the buyer and/or their agent(s).
-
2026-05-05historical Active Under Contract 473-char remark
Show marketing remark (480 chars)
This could be your home or the next cash cow in your portfolio! Beautiful 3 bedroom 1 bath Bungalow with covered front porch on a partially finished basement with plenty of storage just block from Marygrove Conservancy. This home is just waiting for your updates. Cash or Conv. Home sold as is. Close to grocery, shopping, and major freeways that will have you in the suburbs or downtown in minutes. Â All information to be confirmed by the buyer and/or their agent(s).
-
2026-05-05historical 473-char remark
Show marketing remark (480 chars)
This could be your home or the next cash cow in your portfolio! Beautiful 3 bedroom 1 bath Bungalow with covered front porch on a partially finished basement with plenty of storage just block from Marygrove Conservancy. This home is just waiting for your updates. Cash or Conv. Home sold as is. Close to grocery, shopping, and major freeways that will have you in the suburbs or downtown in minutes. Â All information to be confirmed by the buyer and/or their agent(s).
-
2026-04-30$79,000 Active 473-char remark
Show marketing remark (480 chars)
This could be your home or the next cash cow in your portfolio! Beautiful 3 bedroom 1 bath Bungalow with covered front porch on a partially finished basement with plenty of storage just block from Marygrove Conservancy. This home is just waiting for your updates. Cash or Conv. Home sold as is. Close to grocery, shopping, and major freeways that will have you in the suburbs or downtown in minutes. Â All information to be confirmed by the buyer and/or their agent(s).
-
2026-04-30$79,000 Active 480-char remark
Show marketing remark (480 chars)
This could be your home or the next cash cow in your portfolio! Beautiful 3 bedroom 1 bath Bungalow with covered front porch on a partially finished basement with plenty of storage just block from Marygrove Conservancy. This home is just waiting for your updates. Cash or Conv. Home sold as is. Close to grocery, shopping, and major freeways that will have you in the suburbs or downtown in minutes. Â All information to be confirmed by the buyer and/or their agent(s).
-
2022-03-23soldstatus $95,000
-
2021-11-22soldstatus $50,000
-
2021-06-01soldstatus $50,000 Sold
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-06-01soldstatus $50,000 Closed
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-05-07status Pending
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-05-07status Pending
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-29status Active
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-29status Active
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-16status Pending
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-13historical
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-09status Pending
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-09$50,000 Active
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-09historical
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2021-04-09$50,000
Show marketing remark (292 chars)
Part of Group Sale. Other homes being sold in group 20117 Santa Rosa, 20467 Birwood, 17310 Birwood, 20219 Manor, 16810 Monte Vista. Sold on QCD, any taxes and water owed paid by seller (each tenant has own water account with City of Detroit). HOMES ARE TENANT OCCUPIED, PLEASE DONT DISTURB!!!
-
2007-01-29soldstatus $52,000
-
2006-12-05$51,500
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2006-12-03historical
-
2006-07-05$51,500
ⓘ 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
- $3,162 · $264/mo
- Projected year-2 tax
- $3,162 · $264/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 ≥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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,064
- − Mortgage interest
- −$4,425
- − Property taxes
- −$3,162
- − Insurance
- −$395
- − Repairs & maintenance
- −$1,285
- − Management
- −$1,285
- − Depreciation
- −$2,298
- Taxable income
- $3,213
- Est. tax owed @ 24.0%
- −$771
- After-tax cash flow
- $3,391/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)
- 41,392
- Household income
- $57,878
- Rent vs Own
- Severe rent burden
- 1646.0
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 (85%)
- Race & ethnicity
- Black 85% White 8% Two or more races 4% Asian 1%
- Common ancestry
- Romanian 1% Lithuanian 1%
- Foreign-born
- 2% · Canada
- Languages at home
- 97% English-only · Spanish 1% Other Indo-European 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
- ▼ -433.14%
- Current HPI
- 280.5434
- Rent YoY
- ▲ 3.44%
- 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
+53.4% since first listed26 events — show timeline
- 2026-06-01 Pending — REALCOMP
- 2026-06-01 Pending — MiRealSource-MiMLS
- 2026-05-07 Relisted — REALCOMP
- 2026-05-05 Contingent — MiRealSource-MiMLS
- 2026-05-05 Contingent — REALCOMP
- 2026-05-05 Listing Removed — REALCOMP
- 2026-04-30 Listed $79,000 MiRealSource-MiMLS
- 2026-04-30 Listed $79,000 REALCOMP
- 2022-03-23 Sold (Public Records) $95,000 Public Records
- 2021-11-22 Sold (Public Records) $50,000 Public Records
- 2021-06-01 Sold (MLS) $50,000 MiRealSource-MiMLS
- 2021-06-01 Sold (MLS) $50,000 REALCOMP
- 2021-05-07 Pending — MiRealSource-MiMLS
- 2021-05-07 Pending — REALCOMP
- 2021-04-29 Relisted — MiRealSource-MiMLS
- 2021-04-29 Relisted — REALCOMP
- 2021-04-16 Pending — REALCOMP
- 2021-04-13 Listing Removed — REALCOMP
- 2021-04-09 Pending — REALCOMP
- 2021-04-09 Listing Removed — MiRealSource-MiMLS
- 2021-04-09 Listed $50,000 MiRealSource-MiMLS
- 2021-04-09 Listed $50,000 REALCOMP
- 2007-01-29 Sold (MLS) $52,000 REALCOMP
- 2006-12-05 Listed $51,500 REALCOMP
- 2006-12-03 Listing Removed — REALCOMP
- 2006-07-05 Listed $51,500 REALCOMP
Property tax history
+9.4%/yrLatest (2025): $3,162 · -0.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…