7714 E Canfield St · Detroit, MI 48214

$133,000

3 bd · 1.0 ba · 1,337 sqft · Townhouse public records · 47 Days on market

Built 1911 3,049 sqft lot $99/sqft · 84% above area

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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 +20.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +6.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover a turnkey investment opportunity with this fully leased 3-bedroom, 1-bath home generating $2,100 per month in rental income. This well-maintained property offers a strong cash-flow profile and stable tenancy, making it a solid addition to an investment portfolio. The home features spacious living areas and a functional floor plan that continues to attract long-term tenant demand. Its convenient location near major roadways, neighborhood amenities, and local shopping provides accessibility and ongoing rental appeal. Drive-by only. Please do not disturb the tenant. To respect tenant privacy, showings will be permitted after an accepted offer. Possession is subject to tenant rights. Buyer to verify all information. Property sold as-is.

Key facts

• 3,049 sq ft lot
• Built 1911
• Listed 46 days

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: No garage
• Utilities: Public sewer; Circuit breaker electric; Cable available; Underground utilities
• Home design: Single-family residence; Two levels; Ground-level entry with steps; Brick construction; Property faces an unspecified direction
• Construction: Brick construction; Asphalt roof; Block foundation; Built on two levels
• Exterior features: Enclosed porch; Porch; Paved road access; Sidewalks

Interior

• Kitchen: Gas water heater
• Bedrooms: Total of 5 rooms (includes bedrooms and other living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: High-speed internet; Smart thermostat; Full unfinished basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $133k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $133k).
• Recommended offer: $129k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 10.2% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 300 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $1,484/mo this rent would consume 53% of the median local household income ($34k/yr) (locally 1364% 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 $920 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.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($129k) is reasonable based on typical stale-listing flexibility.
• 18 sale attempts since 19y 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 1911 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,010 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 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 1911 — 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: 1.12% ✓
• Cap rate: 7.79%
• Cash-on-cash: 5.34%
• DSCR: 1.24
• GRM: 7.5

CMA / ARV

• ARV (median comp): $72,099
• List price: $133,000
• Delta: 84.47%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.71×
• Total profit: $-10,912
• Equity at exit: $19,831

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $4,409
• Equity at exit: $11,499

Cash invested: $37,240 (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 48214

• Active inventory: 300
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,484 high
• Mortgage (P&I): −$697
• Tax from tax record: −$254 /mo · $3,045/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $166

Break-even live

Break-even rent $1,274

Max offer price $133,000

Occupancy floor 84%

Sensitivity live

Price	-10% $241	-5% $203	+0% $166	+5% $128	+10% $91
Rent	-10% $49	-5% $107	+0% $166	+5% $224	+10% $283
Rate	-1.0pp $233	-0.5pp $200	base $166	+0.5pp $131	+1.0pp $96

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: $33,250
• Closing costs: $3,990
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4811 Seyburn St Detroit, MI	3.0	1.0	1196	$1,037	$0.87	18d	1	0.27mi
4169 Burns St Detroit, MI	4.0	2.5	1326	$2,300	$1.73	25d	1	0.48mi
3460 Field St Detroit, MI	2.0	1.0	1000	$1,260	$1.26	5d	1	0.50mi
8843 E Canfield St Detroit, MI	4.0	2.0	1200	$2,400	$2.00	44d	1	0.63mi
5380 Maxwell St Unit 5380 Detroit, MI	2.0	1.0	1100	$900	$0.82	18d	1	0.65mi
2972 Field St Detroit, MI	3.0	1.0	1225	$1,395	$1.14	18d	1	0.65mi
3475 Crane St Detroit, MI	3.0	1.5	1000	$1,338	$1.34	44d	1	0.76mi
3755 Ellery St Unit 1 Detroit, MI	2.0	1.0	915	$1,200	$1.31	25d	1	0.93mi
5858 Seneca St Detroit, MI	3.0	1.0	1348	$999	$0.74	18d	1	0.95mi
8001 Kercheval Ave Detroit, MI	1.0–2.0	1.0–2.0	984	$2,270	$2.31	0d	3	1.05mi
7410 Kercheval Ave Unit 212 Detroit, MI	2.0	2.0	1017	$1,950	$1.92	44d	1	1.08mi
5342 Cooper St Detroit, MI	3.0	1.0	1125	$1,200	$1.07	25d	1	1.09mi
4190 Hurlbut St Unit 2 Detroit, MI	2.0	1.0	900	$945	$1.05	15d	1	1.13mi
3323 Gratiot Ave Unit R Detroit, MI	2.0	1.0	1200	$975	$0.81	44d	1	1.14mi
3325 Gratiot Ave Unit R Detroit, MI	2.0	1.0	1200	$1,000	$0.83	44d	1	1.15mi
2282 Belvidere St Unit 102 Detroit, MI	2.0	2.0	1000	$1,250	$1.25	44d	1	1.19mi
374 E Grand Blvd Unit 2A Detroit, MI	2.0	2.0	1450	$2,750	$1.90	44d	1	1.19mi
1454 Townsend St #101 Detroit, MI	2.0	2.0	1268	$2,500	$1.97	4d	1	1.23mi
3032 Hurlbut St Unit 1 Detroit, MI	2.0	1.0	950	$900	$0.95	4d	1	1.26mi
3501 Garland St Detroit, MI	2.0	1.0	1000	$900	$0.90	25d	1	1.29mi
3495 Garland St Detroit, MI	2.0	1.0	1100	$900	$0.82	44d	1	1.30mi
2544 Cadillac Blvd Unit 2 Detroit, MI	2.0	1.0	973	$825	$0.85	24d	1	1.34mi
4487 French Rd Detroit, MI	4.0	2.0	1280	$1,800	$1.41	44d	1	1.40mi
7918 E Lafayette St #4 Detroit, MI	3.0	1.0	1150	$1,800	$1.57	18d	1	1.48mi

Listing history 50 events

1. 2026-06-21
   days on market $133,000 Active 47 DOM
2. 2026-06-18
   days on market $133,000 Active 44 DOM
3. 2026-06-17
   days on market $133,000 Active 43 DOM
4. 2026-06-15
   days on market $133,000 Active 41 DOM
5. 2026-06-13
   days on market $133,000 Active 39 DOM
6. 2026-06-13
   days on market $133,000 Active 38 DOM
7. 2026-06-09
   days on market $133,000 Active 35 DOM
8. 2026-06-08
   days on market $133,000 Active 34 DOM
9. 2026-06-07
   days on market $133,000 Active 33 DOM
10. 2026-06-04
    days on market $133,000 Active 30 DOM
11. 2026-06-03
    days on market $133,000 Active 29 DOM
12. 2026-06-02
    days on market $133,000 Active 28 DOM
13. 2026-06-01
    days on market $133,000 Active 27 DOM
14. 2026-05-31
    days on market $133,000 Active 26 DOM
15. 2026-05-06
    listed $133,000 Active 751-char remark

    Show marketing remark (751 chars)

    Discover a turnkey investment opportunity with this fully leased 3-bedroom, 1-bath home generating $2,100 per month in rental income. This well-maintained property offers a strong cash-flow profile and stable tenancy, making it a solid addition to an investment portfolio. The home features spacious living areas and a functional floor plan that continues to attract long-term tenant demand. Its convenient location near major roadways, neighborhood amenities, and local shopping provides accessibility and ongoing rental appeal. Drive-by only. Please do not disturb the tenant. To respect tenant privacy, showings will be permitted after an accepted offer. Possession is subject to tenant rights. Buyer to verify all information. Property sold as-is.

16. 2026-05-06
    listed $133,000 Active 751-char remark

    Show marketing remark (751 chars)

    Discover a turnkey investment opportunity with this fully leased 3-bedroom, 1-bath home generating $2,100 per month in rental income. This well-maintained property offers a strong cash-flow profile and stable tenancy, making it a solid addition to an investment portfolio. The home features spacious living areas and a functional floor plan that continues to attract long-term tenant demand. Its convenient location near major roadways, neighborhood amenities, and local shopping provides accessibility and ongoing rental appeal. Drive-by only. Please do not disturb the tenant. To respect tenant privacy, showings will be permitted after an accepted offer. Possession is subject to tenant rights. Buyer to verify all information. Property sold as-is.

17. 2026-05-05
    historical $133,000 751-char remark

    Show marketing remark (751 chars)

    Discover a turnkey investment opportunity with this fully leased 3-bedroom, 1-bath home generating $2,100 per month in rental income. This well-maintained property offers a strong cash-flow profile and stable tenancy, making it a solid addition to an investment portfolio. The home features spacious living areas and a functional floor plan that continues to attract long-term tenant demand. Its convenient location near major roadways, neighborhood amenities, and local shopping provides accessibility and ongoing rental appeal. Drive-by only. Please do not disturb the tenant. To respect tenant privacy, showings will be permitted after an accepted offer. Possession is subject to tenant rights. Buyer to verify all information. Property sold as-is.

18. 2026-04-03
    historical
19. 2026-03-05
    listed $140,000 Active
20. 2026-03-05
    listed $140,000 Active
21. 2026-02-05
    historical Accepting Backup Offers
22. 2026-02-05
    historical Active Under Contract
23. 2026-02-05
    historical
24. 2026-02-05
    historical
25. 2025-11-24
    listed $140,000 Active
26. 2025-11-24
    listed $140,000 Active
27. 2024-03-26
    soldstatus $145,000
28. 2024-01-01
    historical
29. 2023-12-31
    historical
30. 2023-11-20
    status Active
31. 2023-11-20
    status Active
32. 2023-11-12
    status Pending
33. 2023-11-12
    status Pending
34. 2023-09-29
    status Active
35. 2023-09-29
    status Active
36. 2023-09-20
    historical Accepting Backup Offers
37. 2023-09-20
    historical Accepting Backup Offers
38. 2023-08-21
    historical
39. 2023-08-21
    listed $38,500 Active
40. 2023-08-21
    listed $38,500 Active
41. 2023-08-21
    historical
42. 2023-08-02
    listed $38,500 Active
43. 2023-08-02
    listed $38,500 Active
44. 2023-07-17
    historical
45. 2023-07-17
    historical
46. 2023-05-08
    listed $40,000 Active
47. 2023-05-08
    listed $40,000 Active
48. 2007-08-07
    historical
49. 2007-08-03
    historical
50. 2007-07-26
    listed $12,500

ⓘ 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: $3,045 · $254/mo
• Projected year-2 tax: $3,045 · $254/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 ≥96°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: $17,809
• − Mortgage interest: −$7,450
• − Property taxes: −$3,045
• − Insurance: −$665
• − Repairs & maintenance: −$1,425
• − Management: −$1,425
• − Depreciation: −$3,869
• Taxable loss: −$69
• Est. tax savings @ 24.0%: +$17
• After-tax cash flow: $2,007/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): 18,595
• Household income: $33,544
• Rent vs Own: 59.0% rent · 41.0% own
• Severe rent burden: 1364.0

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 (79%)
• Race & ethnicity: Black 79% White 16% Two or more races 4%
• Common ancestry: Romanian 1% Iranian 1% Lithuanian 1%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 98% English-only · Spanish 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: ▼ -367.43%
• Current HPI: 102.0969
• Rent YoY: —
• 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

+121.7% since first listed

38 events — show timeline

• 2026-05-06 Listed $133,000 MiRealSource-MiMLS
• 2026-05-06 Listed $133,000 REALCOMP
• 2026-05-05 Coming Soon $133,000 MiRealSource-MiMLS
• 2026-04-03 Listing Removed — MiRealSource-MiMLS
• 2026-03-05 Listed $140,000 REALCOMP
• 2026-03-05 Listed $140,000 MiRealSource-MiMLS
• 2026-02-05 Contingent — MiRealSource-MiMLS
• 2026-02-05 Contingent — REALCOMP
• 2026-02-05 Listing Removed — MiRealSource-MiMLS
• 2026-02-05 Listing Removed — REALCOMP
• 2025-11-24 Listed $140,000 REALCOMP
• 2025-11-24 Listed $140,000 MiRealSource-MiMLS
• 2024-03-26 Sold (Public Records) $145,000 Public Records
• 2024-01-01 Listing Removed — MiRealSource-MiMLS
• 2023-12-31 Listing Removed — REALCOMP
• 2023-11-20 Relisted — MiRealSource-MiMLS
• 2023-11-20 Relisted — REALCOMP
• 2023-11-12 Pending — REALCOMP
• 2023-11-12 Pending — MiRealSource-MiMLS
• 2023-09-29 Relisted — MiRealSource-MiMLS
• 2023-09-29 Relisted — REALCOMP
• 2023-09-20 Contingent — MiRealSource-MiMLS
• 2023-09-20 Contingent — REALCOMP
• 2023-08-21 Listing Removed — MiRealSource-MiMLS
• 2023-08-21 Listed $38,500 MiRealSource-MiMLS
• 2023-08-21 Listed $38,500 REALCOMP
• 2023-08-21 Listing Removed — REALCOMP
• 2023-08-02 Listed $38,500 MiRealSource-MiMLS
• 2023-08-02 Listed $38,500 REALCOMP
• 2023-07-17 Listing Removed — MiRealSource-MiMLS
• 2023-07-17 Listing Removed — REALCOMP
• 2023-05-08 Listed $40,000 MiRealSource-MiMLS
• 2023-05-08 Listed $40,000 REALCOMP
• 2007-08-07 Listing Removed — MiRealSource-MiMLS
• 2007-08-03 Listing Removed — REALCOMP
• 2007-07-26 Listed $12,500 MiRealSource-MiMLS
• 2007-07-13 Listed $12,500 REALCOMP
• 2006-10-30 Sold (Public Records) $60,000 Public Records

Property tax history

+11.0%/yr

Latest (2025): $3,045 · +117.6% YoY. Source: county tax records.