12725 Northlawn 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 D 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 +15.0/30.0
- ARV discount +7.5/15.0
- 1% rule +5.0/10.0
- DSCR +5.0/10.0
- Rent growth +4.0/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$22,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
Key facts
- 4,356 sq ft lot
- Built 1923
- Listed 240 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $23k.
Deal economics
- At list price, monthly cash flow is $768 ($9k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $23k).
- Recommended offer: $20k (12.0% below list) — sets the bar for market timing.
- Cap rate 46.6% 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 rising fast (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).
- This rent runs 44% of the median local income ($33k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $158 of loan paydown is wiped out by about $687 of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 6.1% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.
Negotiation context
- It's been on market 240 days — a 12% lower offer ($20k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $7k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 3.0% of price; built in 1923 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 240 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1923 — 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 5.28% ✓
- Cap rate
- 46.56%
- Cash-on-cash
- 143.80%
- DSCR
- 7.40
- GRM
- 1.6
CMA / ARV
- ARV (median comp)
- $62,649
- List price
- $22,900
- Delta
- -63.45%
- 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 |
|---|---|---|---|---|---|---|---|
| 13586 Indiana St | 0.38mi | 3/1.0 | 1,298 (+4%) | 2mo | $30,000 | $23 | 74 |
| 13903 Cloverlawn Ave | 0.42mi | 3/1.5 | 1,265 (+1%) | 5mo | $140,000 | $111 | 72 |
| 13581 Cloverlawn St | 0.33mi | 4/2.0 (+1) | 1,240 (-1%) | 4mo | $143,000 | $115 | 71 |
| 12754 Mendota St | 0.55mi | 3/1.0 | 1,224 (-2%) | 8mo | $28,500 | $23 | 65 |
| 14203 Cherrylawn St | 0.64mi | 3/2.0 | 1,250 (+0%) | 5mo | $58,000 | $46 | 62 |
| 12351 Cherrylawn St | 0.20mi | 3/1.0 | 1,418 (+14%) | 8mo | $109,500 | $77 | 61 |
| 12610 Ilene St | 0.40mi | 4/2.0 (+1) | 1,285 (+3%) | 9mo | $36,750 | $29 | 60 |
| 12629 Washburn St | 0.37mi | 3/1.0 | 1,392 (+12%) | 7mo | $75,000 | $54 | 57 |
| 12162 Kentucky St | 0.36mi | 3/1.0 | 1,415 (+13%) | 4mo | $42,000 | $30 | 57 |
| 11931 Wisconsin St | 0.39mi | 3/3.0 | 1,407 (+13%) | 5mo | $135,900 | $97 | 49 |
| 12738 Manor | 0.72mi | 3/1.0 | 1,348 (+8%) | 8mo | $20,000 | $15 | 46 |
| 13558 Pinehurst St | 0.68mi | 4/1.0 (+1) | 1,099 (-12%) | 2mo | $135,000 | $123 | 42 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 6.14% rent growth · sell at horizon
- IRR
- —
- Equity multiple
- 8.67×
- Total profit
- $49,203
- Equity at exit
- $3,414
- IRR
- —
- Equity multiple
- 20.22×
- Total profit
- $123,251
- Equity at exit
- $1,980
Cash invested: $6,412 (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
ZIP-level market 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 346
- Price-to-rent
- 1.6×
Monthly cashflow live
- Estimated rent
- $1,209 high interval (Pro) →
- Mortgage (P&I)
- −$120
- Tax from tax record
- −$57 /mo · $686/yr
- Insurance
- −$10
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$254
- Net cashflow
- $768
Break-even live
Sensitivity live
| Price | -10% $781 | -5% $775 | +0% $768 | +5% $762 | +10% $755 |
|---|---|---|---|---|---|
| Rent | -10% $673 | -5% $721 | +0% $768 | +5% $816 | +10% $864 |
| Rate | -1.0pp $780 | -0.5pp $774 | base $768 | +0.5pp $762 | +1.0pp $756 |
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
- $5,725
- Closing costs
- $687
- 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 |
|---|---|---|---|---|---|---|---|---|
| 12703 Northlawn St Detroit, MI | 2.0 | 1.0 | 1365 | $1,053 | $0.77 | 21d | 1 | 0.04mi |
| 12303 Cloverlawn St Detroit, MI | 3.0 | 1.5 | 1454 | $1,400 | $0.96 | 44d | 1 | 0.27mi |
| 13620 Kentucky St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 5d | 1 | 0.42mi |
| 13979 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 1296 | $1,334 | $1.03 | 21d | 1 | 0.47mi |
| 12144 Washburn St Detroit, MI | 3.0 | 1.0 | 1200 | $1,200 | $1.00 | 15d | 1 | 0.48mi |
| 13620 Tuller St Detroit, MI | 4.0 | 1.0 | 1064 | $1,374 | $1.29 | 13d | 1 | 0.49mi |
| 2926 Ewald Cir Detroit, MI | 2.0 | 1.0 | 800 | $900 | $1.12 | 18d | 1 | 0.50mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 2d | 1 | 0.51mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 18d | 1 | 0.51mi |
| 12415 Monica St Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 44d | 1 | 0.54mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,000 | $0.91 | 25d | 1 | 0.59mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 44d | 1 | 0.59mi |
| 12663 Stoepel St Detroit, MI | 2.0 | 1.0 | 1100 | $1,050 | $0.95 | 22d | 1 | 0.63mi |
| 12663 Stoepel St Unit 1 Detroit, MI | 2.0 | 1.0 | 750 | $975 | $1.30 | 18d | 1 | 0.63mi |
| 14242 Ohio St Detroit, MI | 4.0 | 1.0 | 1400 | $1,000 | $0.71 | 44d | 1 | 0.66mi |
| 13965 Mendota St Detroit, MI | 3.0 | 1.0 | 1222 | $1,294 | $1.06 | 18d | 1 | 0.74mi |
| 2690 Ewald Cir Detroit, MI | 1.0–2.0 | 1.0 | 750 | $900 | $1.20 | 25d | 4 | 0.75mi |
| 12032 Santa Rosa Dr Unit 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,423 | $1.58 | 5d | 1 | 0.76mi |
| 12019 Stoepel St Detroit, MI | 2.0 | 1.0 | 1000 | $943 | $0.94 | 5d | 1 | 0.78mi |
| Ohio St Unit 4 Detroit, MI | 4.0 | 1.5 | 1400 | $750 | $0.54 | 44d | 1 | 0.86mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 44d | 1 | 0.86mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 44d | 1 | 0.88mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 17d | 1 | 0.90mi |
| 14570 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 840 | $1,250 | $1.49 | 13d | 1 | 0.92mi |
| 4203 Tyler St Detroit, MI | 2.0 | 1.0 | 950 | $895 | $0.94 | 44d | 1 | 0.98mi |
| 14656 Roselawn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 18d | 1 | 1.01mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 25d | 1 | 1.04mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 44d | 1 | 1.04mi |
| 4268 Cortland St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 44d | 1 | 1.05mi |
| 12775 Plymouth Rd Unit 16 Detroit, MI | 2.0 | 1.0 | 1009 | $825 | $0.82 | 44d | 1 | 1.07mi |
| 3812 W Grand St Detroit, MI | 2.0 | 1.0 | 1100 | $1,025 | $0.93 | 17d | 1 | 1.11mi |
| 3824 Tyler St Apt 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,523 | $1.69 | 17d | 1 | 1.11mi |
| 10002 Manor Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,150 | $1.05 | 44d | 1 | 1.12mi |
| 10002 Manor Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 44d | 1 | 1.12mi |
| 11704 Broadstreet Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,050 | $0.88 | 44d | 1 | 1.14mi |
| 10345 Crocuslawn Ave Unit 2 Detroit, MI | 2.0 | 1.0 | 850 | $950 | $1.12 | 44d | 1 | 1.14mi |
| 3783 Tyler St Unit Lower Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 44d | 1 | 1.15mi |
| 3740 Tyler St Unit 1 Detroit, MI | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 5d | 1 | 1.19mi |
| 9917 Woodside St Apt 1 Detroit, MI | 2.0 | 1.0 | 800 | $800 | $1.00 | 44d | 1 | 1.19mi |
| 10359 Violetlawn St Unit 1 Detroit, MI | 2.0 | 1.0 | 1200 | $985 | $0.82 | 44d | 1 | 1.19mi |
Listing history 26 events
-
2026-06-18days on market $22,900 Active 240 DOM
-
2026-06-17days on market $22,900 Active 239 DOM
-
2026-06-15days on market $22,900 Active 237 DOM
-
2026-06-13days on market $22,900 Active 235 DOM
-
2026-06-13pricedays on market $22,900 Active 234 DOM
-
2026-06-09days on market $23,900 Active 231 DOM
-
2026-06-08days on market $23,900 Active 230 DOM
-
2026-06-07days on market $23,900 Active 229 DOM
-
2026-06-04days on market $23,900 Active 226 DOM
-
2026-06-03days on market $23,900 Active 225 DOM
-
2026-06-02price $23,900 Active 223 DOM
-
2026-06-01days on market $24,900 Active 223 DOM
-
2026-05-31days on market $24,900 Active 222 DOM
-
2026-05-14price $24,900 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-05-13price $24,900 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-04-24price $25,900 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-04-23price $25,900 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-03-26price $26,900 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-03-25price $26,900 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-01-30price $28,400 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2026-01-29price $28,400 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2025-11-21price $29,400 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2025-11-20price $29,400 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2025-10-21$29,900 Active 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2025-10-21$29,900 Active 263-char remark
Show marketing remark (263 chars)
SPACIOUS COLONIAL HOME LOCATED SOUTH OF I-96 AND EAST OF WYOMING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.
-
2019-01-28soldstatus $271,500
ⓘ 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
- $686 · $57/mo
- Projected year-2 tax
- $686 · $57/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
- $14,509
- − Mortgage interest
- −$1,283
- − Property taxes
- −$686
- − Insurance
- −$114
- − Repairs & maintenance
- −$1,161
- − Management
- −$1,161
- − Depreciation
- −$666
- Taxable income
- $9,438
- Est. tax owed @ 24.0%
- −$2,265
- After-tax cash flow
- $6,955/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)
- 24,731
- Household income
- $33,315
- Rent vs Own
- Severe rent burden
- 2172.0
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (94%)
- Race & ethnicity
- Black 94% Two or more races 3% White 1%
- Foreign-born
- 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
- ▼ -31.96%
- Current HPI
- 189.6227
- Rent YoY
- ▲ 6.14%
- 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
-90.8% since first listed13 events — show timeline
- 2026-05-14 Price Changed $24,900 MiRealSource-MiMLS
- 2026-05-13 Price Changed $24,900 REALCOMP
- 2026-04-24 Price Changed $25,900 MiRealSource-MiMLS
- 2026-04-23 Price Changed $25,900 REALCOMP
- 2026-03-26 Price Changed $26,900 MiRealSource-MiMLS
- 2026-03-25 Price Changed $26,900 REALCOMP
- 2026-01-30 Price Changed $28,400 MiRealSource-MiMLS
- 2026-01-29 Price Changed $28,400 REALCOMP
- 2025-11-21 Price Changed $29,400 MiRealSource-MiMLS
- 2025-11-20 Price Changed $29,400 REALCOMP
- 2025-10-21 Listed $29,900 REALCOMP
- 2025-10-21 Listed $29,900 MiRealSource-MiMLS
- 2019-01-28 Sold (Public Records) $271,500 Public Records
Property tax history
-1.5%/yrLatest (2025): $686 · -53.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…