14140 Lamphere St · Detroit, MI 48223

$75,000

3 bd · 1.0 ba · 911 sqft · SingleFamily public records · 4 Days on market

Built 1953 5,663 sqft lot $82/sqft · 46% above area Est $51k · 46% over ↓ 1% since listing

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

Listing remarks MLS

* CALLING ALL INVESTORS!!!! GREAT MONEY MAKER RENTED WITH GOOD PAYING TENANTS !!!!! DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * * * * * * *

Key facts

• Close to parks
• Easy commuting
• Solid condition

Tags

• TURNKEY RENTAL
• SOLID CONDITION
• QUIET RESIDENTIAL STREET
• CLOSE TO PARKS
• EASY COMMUTING
• ACCESS TO DETROIT METRO

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $357 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).

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: 158 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 90% 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 31% of the median local income ($45k/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 $519 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 + 3.0% rent growth), your $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.53% ✓
• Cap rate: 12.00%
• Cash-on-cash: 20.37%
• DSCR: 1.91
• GRM: 5.4

CMA / ARV

• ARV (median comp): $51,493
• List price: $75,000
• Delta: 45.65%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14025 Dacosta St	0.09mi	3/1.0	946 (+4%)	3mo	$15,500	$16	87
22520 Lyndon St	0.32mi	3/1.0	942 (+3%)	11mo	$59,900	$64	70
12914 Hazelton St	0.52mi	3/1.5	889 (-2%)	4mo	$55,125	$62	67
22612 Lyndon St	0.35mi	3/1.0	988 (+8%)	7mo	$149,000	$151	64
22556 Lyndon St	0.33mi	3/1.5	991 (+9%)	7mo	$135,000	$136	62
13955 Dolphin St	0.18mi	3/1.0	1,034 (+14%)	10mo	$55,000	$53	60
12801 Bentler St	0.71mi	3/1.0	926 (+2%)	7mo	$20,000	$22	58
15044 Dacosta St	0.65mi	3/1.0	890 (-2%)	11mo	$87,000	$98	56
22466 Wanamaker Pl	0.42mi	3/1.0	988 (+8%)	15mo	$139,999	$142	54
21327 Lyndon St	0.59mi	2/1.0 (-1)	924 (+1%)	15mo	$46,000	$50	53
12723 Hazelton St	0.65mi	3/1.0	993 (+9%)	3mo	$65,500	$66	52
14177 Bentler St	0.47mi	4/1.0 (+1)	1,000 (+10%)	8mo	$30,000	$30	50

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: 12.7%
• Equity multiple: 1.50×
• Total profit: $10,590
• Equity at exit: $11,183

10-year hold

• IRR: 21.6%
• Equity multiple: 2.84×
• Total profit: $38,608
• Equity at exit: $6,485

Cash invested: $21,000 (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 48223

• Active inventory: 158
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,147 high
• Mortgage (P&I): −$393
• Tax from tax record: −$125 /mo · $1,499/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $357

Break-even live

Break-even rent $696

Max offer price $75,000

Occupancy floor 64%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14280 Bramell St Detroit, MI	3.0	1.0	1100	$1,500	$1.36	16d	1	0.24mi
22241 Lyndon St Detroit, MI	3.0	1.0	960	$1,100	$1.15	16d	1	0.27mi
14177 Bentler St Detroit, MI	4.0	1.0	1000	$1,475	$1.48	43d	1	0.47mi
12850 Dolphin St Detroit, MI	1.0–2.0	1.0	746	$999	$1.34	4d	4	0.48mi
12880 Dolson St Detroit, MI	1.0–2.0	1.0	750	$1,200	$1.60	43d	6	0.54mi
23610 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.56mi
23602 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.57mi
23606 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.57mi
23626 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.57mi
23614 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.58mi
14122 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	43d	1	0.58mi
23618 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.58mi
14110 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.58mi
14114 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	20d	1	0.58mi
14128 Riverview St Apt 208 Detroit, MI	2.0	1.0	900	$985	$1.09	43d	1	0.58mi
14128 Riverview St Unit 108 Detroit, MI	2.0	1.0	900	$900	$1.00	43d	1	0.58mi
14128 Riverview St Unit 107 Detroit, MI	2.0	1.0	900	$845	$0.94	43d	1	0.58mi
14136 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.58mi
14126 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	43d	1	0.58mi
14128 Riverview St Unit 207 Detroit, MI	2.0	1.0	900	$800	$0.89	43d	1	0.58mi
14088 Riverview St Unit 108 Detroit, MI	2.0	1.0	750	$900	$1.20	43d	1	0.58mi
14088 Riverview St Unit 207 Detroit, MI	2.0	1.0	750	$975	$1.30	43d	1	0.58mi
14088 Riverview St Unit 208 Detroit, MI	2.0	1.0	750	$985	$1.31	43d	1	0.58mi
14086 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	44d	1	0.59mi
14092 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.59mi
14096 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	43d	1	0.59mi
14118 Riverview St Detroit, MI	2.0	1.0	900	$900	$1.00	43d	1	0.59mi
14132 Riverview St Detroit, MI	2.0	1.0	900	$985	$1.09	43d	1	0.59mi
14152 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.59mi
14160 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.59mi
14140 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.59mi
23622 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.59mi
14144 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.59mi
14148 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.59mi
14164 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.60mi
14168 Riverview St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.60mi
23640 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.60mi
23630 Schoolcraft Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.60mi
23636 Schoolcraft Rd Unit 109 Detroit, MI	2.0	1.0	750	$975	$1.30	43d	1	0.60mi
23636 Schoolcraft Rd Apt 212 Detroit, MI	2.0	1.0	750	$985	$1.31	43d	1	0.60mi

Listing history 22 events

1. 2026-06-18
   days on market $75,000 Active 4 DOM
2. 2026-06-17
   days on market $75,000 Active 3 DOM
3. 2026-06-16
   days on market $75,000 Active 2 DOM
4. 2026-06-15
   listing id $75,000 Active 1 DOM
5. 2026-06-15
   remarks 682-char remark
6. 2026-06-15
   days on marketlisting id $75,000 Active 1 DOM
7. 2026-06-13
   days on market $75,000 Active 304 DOM
8. 2026-06-13
   days on market $75,000 Active 303 DOM
9. 2026-06-09
   days on market $75,000 Active 300 DOM
10. 2026-06-08
    days on market $75,000 Active 299 DOM
11. 2026-06-07
    days on market $75,000 Active 298 DOM
12. 2026-06-04
    days on market $75,000 Active 295 DOM
13. 2026-06-03
    days on market $75,000 Active 294 DOM
14. 2026-06-01
    days on market $75,000 Active 292 DOM
15. 2026-05-31
    days on market $75,000 Active 291 DOM
16. 2026-03-12
    price $75,000 185-char remark

    Show marketing remark (185 chars)

    * CALLING ALL INVESTORS!!!! GREAT MONEY MAKER RENTED WITH GOOD PAYING TENANTS !!!!! DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * * * * * * *

17. 2026-03-12
    price $75,000 185-char remark

    Show marketing remark (185 chars)

    * CALLING ALL INVESTORS!!!! GREAT MONEY MAKER RENTED WITH GOOD PAYING TENANTS !!!!! DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * * * * * * *

18. 2026-02-11
    price $78,000 185-char remark

    Show marketing remark (185 chars)

    * CALLING ALL INVESTORS!!!! GREAT MONEY MAKER RENTED WITH GOOD PAYING TENANTS !!!!! DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * * * * * * *

19. 2026-02-11
    price $78,000 185-char remark

    Show marketing remark (185 chars)

    * CALLING ALL INVESTORS!!!! GREAT MONEY MAKER RENTED WITH GOOD PAYING TENANTS !!!!! DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * * * * * * *

20. 2025-08-13
    listed $80,000 Active 185-char remark

    Show marketing remark (185 chars)

    * CALLING ALL INVESTORS!!!! GREAT MONEY MAKER RENTED WITH GOOD PAYING TENANTS !!!!! DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * * * * * * *

21. 2025-08-13
    listed $80,000 Active 185-char remark

    Show marketing remark (185 chars)

    * CALLING ALL INVESTORS!!!! GREAT MONEY MAKER RENTED WITH GOOD PAYING TENANTS !!!!! DO NOT DISTURB THE TENANTS * * * SHOWINGS WILL BE DONE AFTER OFFERS IS ACCPTED * * * * * * *

22. 2021-09-15
    soldstatus $75,900

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

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,499 · $125/mo
• Projected year-2 tax: $1,499 · $125/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 ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,762
• − Mortgage interest: −$4,201
• − Property taxes: −$1,499
• − Insurance: −$375
• − Repairs & maintenance: −$1,101
• − Management: −$1,101
• − Depreciation: −$2,182
• Taxable income: $3,303
• Est. tax owed @ 24.0%: −$793
• After-tax cash flow: $3,485/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): 22,622
• Household income: $44,512
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 1151.0

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 (86%)
• Race & ethnicity: Black 86% White 7% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 1% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -303.41%
• Current HPI: 138.2779
• 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

-1.2% since first listed

7 events — show timeline

• 2026-03-12 Price Changed $75,000 MiRealSource-MiMLS
• 2026-03-12 Price Changed $75,000 REALCOMP
• 2026-02-11 Price Changed $78,000 MiRealSource-MiMLS
• 2026-02-11 Price Changed $78,000 REALCOMP
• 2025-08-13 Listed $80,000 REALCOMP
• 2025-08-13 Listed $80,000 MiRealSource-MiMLS
• 2021-09-15 Sold (Public Records) $75,900 Public Records

Property tax history

+4.4%/yr

Latest (2025): $1,499 · -9.4% YoY. Source: county tax records.