4076-4088 Roosevelt St · Detroit, MI 48208

$29,500

3 bd · 1.5 ba · 1,624 sqft · SingleFamily public records · 234 Days on market

Built 1890 3,465 sqft lot ↓ 42% since listing

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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
• 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

LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

Key facts

• 3,465 sq ft lot
• Built 1890
• Listed 234 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 49.0% 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: 184 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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 $1,587/mo this rent would consume 53% of the median local household income ($36k/yr) (locally 601% 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 $204 of loan paydown is wiped out by about $885 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 + 3.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 234 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 5y 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.
• Current owner paid $20k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $25,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 234 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1890 — 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. 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?
8. 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.
9. 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.
10. 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: 5.38% ✓
• Cap rate: 49.00%
• Cash-on-cash: 152.53%
• DSCR: 7.79
• GRM: 1.5

CMA / ARV

• ARV (on-the-fly): $162,400
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3914 24th St	0.15mi	4/2.0 (+1)	1,547 (-5%)	8mo	$51,000	$33	71
3420 Buchanan St	0.17mi	4/1.5 (+1)	1,455 (-10%)	7mo	$20,000	$14	64
3066 23rd St	0.54mi	4/2.0 (+1)	1,570 (-3%)	12mo	$100,000	$64	52
2931 Poplar St	0.40mi	3/1.5	1,756 (+8%)	22mo	$290,000	$165	49
3024 25th St	0.49mi	2/1.5 (-1)	1,440 (-11%)	12mo	$228,500	$159	43
4468 28th St	0.55mi	4/2.0 (+1)	1,500 (-8%)	20mo	$219,000	$146	38
4263 Bangor St	0.30mi	4/1.0 (+1)	1,381 (-15%)	20mo	$40,000	$29	37
762 W Grand Blvd	0.69mi	3/1.0	1,506 (-7%)	23mo	$150,000	$100	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.52×
• Total profit: $62,111
• Equity at exit: $4,399

10-year hold

• IRR: —
• Equity multiple: 17.98×
• Total profit: $140,286
• Equity at exit: $2,551

Cash invested: $8,260 (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 48208

• Home prices YoY: -5.9%
• Active inventory: 184
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $1,587 high
• Mortgage (P&I): −$155
• Tax est. 1.5%: −$37 /mo · $442/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $1,050

Break-even live

Break-even rent $258

Max offer price $29,500

Occupancy floor 29%

Sensitivity live

Price	-10% $1,070	-5% $1,060	+0% $1,050	+5% $1,040	+10% $1,029
Rent	-10% $925	-5% $987	+0% $1,050	+5% $1,113	+10% $1,175
Rate	-1.0pp $1,065	-0.5pp $1,057	base $1,050	+0.5pp $1,042	+1.0pp $1,034

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: $7,375
• Closing costs: $885
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1493 W Grand Blvd Detroit, MI	2.0	1.0	1250	$1,145	$0.92	44d	1	0.54mi
2835 23rd St Unit 2 Detroit, MI	3.0	2.0	1100	$1,450	$1.32	17d	1	0.64mi
4619 16th St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	3d	1	0.76mi
3998 15th St Unit 1 Detroit, MI	2.0	1.0	1200	$1,300	$1.08	44d	1	0.81mi
3309 14th St Detroit, MI	1.0–3.0	1.0–2.5	942	$2,230	$2.37	2d	11	0.95mi
4426 McGraw Ave Unit 1 Detroit, MI	3.0	1.0	1400	$1,200	$0.86	44d	1	0.95mi
6077 Linwood St Detroit, MI	2.0	1.0	1200	$2,000	$1.67	44d	1	1.24mi
3984 Commonwealth St Unit B Detroit, MI	3.0	2.0	1100	$2,400	$2.18	25d	1	1.26mi
2732 Harrison St Detroit, MI	2.0	2.5	1320	$2,750	$2.08	44d	1	1.35mi
1646 Mc Kinstry St Unit 1F McKinstry Detroit, MI	4.0	1.0	1879	$1,200	$0.64	5d	1	1.37mi
2223 Wabash St Detroit, MI	2.0	2.0	1300	$2,800	$2.15	13d	1	1.39mi
6144 16th St Detroit, MI	3.0	1.0	1284	$1,200	$0.93	44d	1	1.41mi
3012 Lothrop Detroit, MI	2.0	1.0	1800	$1,300	$0.72	3d	1	1.48mi

Listing history 31 events

1. 2025-06-27
   status Pending 417-char remark

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

2. 2025-06-27
   status Pending

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

3. 2025-06-11
   status Pending 417-char remark

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

4. 2025-06-11
   status Pending

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

5. 2025-03-25
   historical 417-char remark

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

6. 2025-03-25
   historical

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

7. 2024-12-17
   status Pending

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

8. 2024-12-17
   status Pending 417-char remark

   Show marketing remark (417 chars)

   LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

9. 2022-12-14
   soldstatus $20,000
10. 2022-12-12
    status Pending 497-char remark

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

11. 2022-12-12
    status Pending

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

12. 2022-11-19
    status Pending
13. 2022-11-18
    status Pending 417-char remark

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

14. 2022-11-18
    historical 417-char remark

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

15. 2022-11-16
    historical
16. 2022-04-22
    status Active 417-char remark

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

17. 2022-04-22
    status Active

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

18. 2022-04-12
    historical

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

19. 2022-04-12
    historical 417-char remark

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

20. 2021-08-17
    price $29,500 497-char remark

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

21. 2021-08-17
    price $29,500

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

22. 2021-08-17
    status Active 497-char remark

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

23. 2021-08-17
    status Active

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

24. 2021-08-17
    listed $29,500 Active 417-char remark

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

25. 2021-08-17
    listed $29,500 Active

    Show marketing remark (417 chars)

    LOOKING TO HOLD LAND, THERE ARE TWO LOTS INCLUDED WITH THE SALE. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION IN THE AREA HAS ALREADY BEGIN, CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, AND HENRY FORD HOSPITAL. HOUSE IS VACANT. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATE ESTIMATED. SUBMIT ALL REASONABLE OFFERS.

26. 2021-08-02
    historical 497-char remark

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

27. 2021-08-02
    historical

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

28. 2021-07-31
    price $21,900 497-char remark

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

29. 2021-07-31
    price $21,900

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

30. 2021-07-27
    listed $34,500 Active

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

31. 2021-07-27
    listed $34,500 Active 497-char remark

    Show marketing remark (497 chars)

    LOOKING TO HOLD LAND. PROPERTY IS LOCATED IN AN AREA WHERE VALUE ARE ON THE RISE. GREAT DEVELOPMENT OPPORTUNITY. NEW CONSTRUCTION HAS ALREADY BEGAN IN THE AREA. CLOSE TO HISTORIC CORKTOWN, TRAIN STATION, NEW CENTER, HENRY FORD HOSPITAL, HOUSE IS VACANT, SELLER IS THROWING IN LOT NEXT DOOR TO HOUSE WITH THE PURCHASE. BUYER TO PAY A ONE TIME COMPLIANCE FEE OF $450.00. ALL MEASUREMENT AND DATA ESTIMATED. SUBMIT ALL REASONABLE OFFERS. HOUSE HAS BEEN EMPTY FOR SEVERAL YEARS PLEASE WATCH YOUR STEP.

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,044
• − Mortgage interest: −$1,652
• − Property taxes: −$442
• − Insurance: −$148
• − Repairs & maintenance: −$1,524
• − Management: −$1,524
• − Depreciation: −$858
• Taxable income: $12,897
• Est. tax owed @ 24.0%: −$3,095
• After-tax cash flow: $9,503/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): 8,037
• Household income: $36,194
• Rent vs Own: 65.7% rent · 34.3% own
• Severe rent burden: 601.0

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 (66%)
• Race & ethnicity: Black 66% White 23% Two or more races 7% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 3% Lithuanian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 5% Arabic 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: ▼ -10.56%
• Current HPI: 168.8907
• 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

-42.0% since first listed

31 events — show timeline

• 2025-06-27 Pending — REALCOMP
• 2025-06-27 Pending — REALCOMP
• 2025-06-11 Pending — REALCOMP
• 2025-06-11 Pending — REALCOMP
• 2025-03-25 Listing Removed — REALCOMP
• 2025-03-25 Listing Removed — REALCOMP
• 2024-12-17 Pending — REALCOMP
• 2024-12-17 Pending — REALCOMP
• 2022-12-14 Sold (Public Records) $20,000 Public Records
• 2022-12-12 Pending — MiRealSource-MiMLS
• 2022-12-12 Pending — REALCOMP
• 2022-11-19 Pending — MiRealSource-MiMLS
• 2022-11-18 Pending — REALCOMP
• 2022-11-18 Listing Removed — REALCOMP
• 2022-11-16 Listing Removed — REALCOMP
• 2022-04-22 Relisted — REALCOMP
• 2022-04-22 Relisted — REALCOMP
• 2022-04-12 Listing Removed — REALCOMP
• 2022-04-12 Listing Removed — REALCOMP
• 2021-08-17 Price Changed $29,500 MiRealSource-MiMLS
• 2021-08-17 Price Changed $29,500 REALCOMP
• 2021-08-17 Relisted — MiRealSource-MiMLS
• 2021-08-17 Relisted — REALCOMP
• 2021-08-17 Listed $29,500 MiRealSource-MiMLS
• 2021-08-17 Listed $29,500 REALCOMP
• 2021-08-02 Listing Removed — MiRealSource-MiMLS
• 2021-08-02 Listing Removed — REALCOMP
• 2021-07-31 Price Changed $21,900 MiRealSource-MiMLS
• 2021-07-31 Price Changed $21,900 REALCOMP
• 2021-07-27 Listed $34,500 MiRealSource-MiMLS
• 2021-07-27 Listed $34,500 REALCOMP

Property tax history

-19.0%/yr

Latest (2025): $30 · -99.1% YoY. Source: county tax records.