15003 Young St · Detroit, MI 48205

$59,000

3 bd · 1.0 ba · 1,304 sqft · SingleFamily public records · 374 Days on market

Built 1942 3,920 sqft lot $45/sqft · 17% below area Est $57k · at est.

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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 +6.0/15.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is a solid brick bungalow on Detroit's East Side. This property boast s a living room with fireplace. Updated kitchen. Bathroom with original tile. Spacious bedroom on second level. Full basement. Detached garage. Some rehab needed. Cash or DSCR Buyers only.

Key facts

• 3,920 sq ft lot
• Built 1942
• Listed 373 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $605 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.6% vs local median 10.1% 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 (+1.3%/yr); 376 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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).
• This rent runs 40% of the median local income ($39k/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 $408 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 + 1.3% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 374 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 14y ago; this cycle's ask has dropped $4k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 374 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 1942 — 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. 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.
8. 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.
9. 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: 2.21% ✓
• Cap rate: 18.60%
• Cash-on-cash: 43.94%
• DSCR: 2.96
• GRM: 3.8

CMA / ARV

• ARV (median comp): $57,136
• List price: $59,000
• Delta: 3.26%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15419 Young St	0.26mi	3/1.0	1,250 (-4%)	3mo	$54,500	$44	78
15411 Young St St	0.26mi	3/1.5	1,240 (-5%)	2mo	$95,000	$77	77
15469 Troester St	0.35mi	3/1.0	1,375 (+5%)	1mo	$60,000	$44	74
15430 Mapleridge St	0.43mi	4/1.5 (+1)	1,320 (+1%)	1mo	$123,000	$93	70
15309 Mapleridge St	0.42mi	3/1.5	1,348 (+3%)	3mo	$116,000	$86	70
11336 Courville St	0.39mi	3/1.0	1,425 (+9%)	0mo	$62,500	$44	66
14210 Wilfred St	0.63mi	3/1.0	1,264 (-3%)	0mo	$17,000	$13	65
11859 Laing St	0.58mi	3/2.0	1,330 (+2%)	4mo	$127,500	$96	62
11742 Whitehill St	0.66mi	3/1.5	1,228 (-6%)	1mo	$61,000	$50	57
10709 Bonita St	0.68mi	3/1.0	1,226 (-6%)	4mo	$82,000	$67	55
11323 Lansdowne St	0.64mi	3/1.5	1,397 (+7%)	2mo	$133,282	$95	54
15416 Eastwood St	0.71mi	3/1.0	1,211 (-7%)	2mo	$70,000	$58	53

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 39.0%
• Equity multiple: 2.62×
• Total profit: $26,841
• Equity at exit: $8,797

10-year hold

• IRR: 44.6%
• Equity multiple: 4.91×
• Total profit: $64,554
• Equity at exit: $5,101

Cash invested: $16,520 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 376
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,304 high
• Mortgage (P&I): −$309
• Tax from tax record: −$91 /mo · $1,093/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $605

Break-even live

Break-even rent $538

Max offer price $59,000

Occupancy floor 49%

Sensitivity live

Price	-10% $638	-5% $622	+0% $605	+5% $588	+10% $571
Rent	-10% $502	-5% $553	+0% $605	+5% $656	+10% $708
Rate	-1.0pp $635	-0.5pp $620	base $605	+0.5pp $590	+1.0pp $574

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	45d	1	0.10mi
15000 Mayfield St Detroit, MI	3.0	1.0	1146	$970	$0.85	18d	1	0.13mi
12651 Kelly Rd Unit 1 Detroit, MI	2.0	1.0	1680	$1,150	$0.68	12d	1	0.27mi
12655 Kelly Rd Detroit, MI	2.0	1.0	1680	$1,150	$0.68	12d	1	0.28mi
15494 Mapleridge St Detroit, MI	3.0	1.0	937	$1,275	$1.36	45d	1	0.46mi
14201 Mayfield St Detroit, MI	4.0	1.5	1296	$1,250	$0.96	45d	1	0.51mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	12d	1	0.64mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	18d	1	0.66mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	19d	1	0.71mi
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.75mi
11911 Lansdowne St Detroit, MI	4.0	1.0	1350	$1,400	$1.04	45d	1	0.79mi
11689 Wayburn St Detroit, MI	3.0	1.0	1142	$1,350	$1.18	45d	1	0.82mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	21d	1	0.86mi
15616 E 7 Mile Rd Detroit, MI	3.0	1.5	1150	$1,150	$1.00	18d	1	0.87mi
12716 Riad St Detroit, MI	3.0	1.0	974	$1,275	$1.31	18d	1	0.90mi
14481 Maddelein St Detroit, MI	3.0	1.0	1200	$1,100	$0.92	45d	1	0.91mi
11620 Rossiter St Detroit, MI	3.0	1.0	1140	$1,200	$1.05	18d	1	0.92mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	18d	1	0.93mi
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	4d	1	0.94mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	45d	1	0.95mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	18d	1	0.98mi
12840 Kilbourne St Detroit, MI	3.0	1.0	1136	$1,350	$1.19	19d	1	0.99mi
11776 Rossiter St Detroit, MI	3.0	1.0	964	$1,150	$1.19	12d	1	1.00mi
14504 Coram St Detroit, MI	3.0	1.0	1203	$1,175	$0.98	25d	1	1.01mi
16031 E 7 Mile Rd #5 Detroit, MI	2.0	1.0	1204	$1,200	$1.00	4d	1	1.02mi
13400 Longview St Detroit, MI	3.0	1.5	1000	$1,400	$1.40	45d	1	1.02mi
15604 Coram St Detroit, MI	3.0	1.0	1210	$1,000	$0.83	45d	1	1.02mi
15909 Maddelein St Detroit, MI	3.0	1.0	894	$1,266	$1.42	45d	1	1.04mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	6d	1	1.05mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	16d	1	1.06mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	4d	1	1.06mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	45d	1	1.07mi
13137 Elmdale St Detroit, MI	3.0	1.0	1115	$1,400	$1.26	25d	1	1.13mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	19d	1	1.13mi
18530 Kingsville St Harper Woods, MI	3.0	1.5	1396	$1,375	$0.98	18d	1	1.13mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	16d	1	1.14mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	45d	1	1.14mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	6d	1	1.14mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	21d	1	1.17mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	45d	1	1.17mi

Listing history 50 events

1. 2026-06-21
   days on market $59,000 Active 374 DOM
2. 2026-06-18
   days on market $59,000 Active 371 DOM
3. 2026-06-17
   days on market $59,000 Active 370 DOM
4. 2026-06-15
   days on market $59,000 Active 368 DOM
5. 2026-06-13
   days on market $59,000 Active 366 DOM
6. 2026-06-13
   days on market $59,000 Active 365 DOM
7. 2026-06-09
   days on market $59,000 Active 362 DOM
8. 2026-06-08
   days on market $59,000 Active 361 DOM
9. 2026-06-07
   days on market $59,000 Active 360 DOM
10. 2026-06-04
    days on market $59,000 Active 357 DOM
11. 2026-06-03
    days on market $59,000 Active 356 DOM
12. 2026-06-01
    days on market $59,000 Active 354 DOM
13. 2026-05-31
    days on market $59,000 Active 353 DOM
14. 2026-05-08
    price $59,000 263-char remark

    Show marketing remark (263 chars)

    Here is a solid brick bungalow on Detroit's East Side. This property boast s a living room with fireplace. Updated kitchen. Bathroom with original tile. Spacious bedroom on second level. Full basement. Detached garage. Some rehab needed. Cash or DSCR Buyers only.

15. 2026-05-08
    price $59,000 263-char remark

    Show marketing remark (263 chars)

    Here is a solid brick bungalow on Detroit's East Side. This property boast s a living room with fireplace. Updated kitchen. Bathroom with original tile. Spacious bedroom on second level. Full basement. Detached garage. Some rehab needed. Cash or DSCR Buyers only.

16. 2025-12-17
    price $62,000 263-char remark

    Show marketing remark (263 chars)

    Here is a solid brick bungalow on Detroit's East Side. This property boast s a living room with fireplace. Updated kitchen. Bathroom with original tile. Spacious bedroom on second level. Full basement. Detached garage. Some rehab needed. Cash or DSCR Buyers only.

17. 2025-12-16
    price $62,000 263-char remark

    Show marketing remark (263 chars)

    Here is a solid brick bungalow on Detroit's East Side. This property boast s a living room with fireplace. Updated kitchen. Bathroom with original tile. Spacious bedroom on second level. Full basement. Detached garage. Some rehab needed. Cash or DSCR Buyers only.

18. 2025-06-12
    listed $63,000 Active 263-char remark

    Show marketing remark (263 chars)

    Here is a solid brick bungalow on Detroit's East Side. This property boast s a living room with fireplace. Updated kitchen. Bathroom with original tile. Spacious bedroom on second level. Full basement. Detached garage. Some rehab needed. Cash or DSCR Buyers only.

19. 2025-06-12
    listed $63,000 Active 263-char remark

    Show marketing remark (263 chars)

    Here is a solid brick bungalow on Detroit's East Side. This property boast s a living room with fireplace. Updated kitchen. Bathroom with original tile. Spacious bedroom on second level. Full basement. Detached garage. Some rehab needed. Cash or DSCR Buyers only.

20. 2022-03-03
    soldstatus $69,000
21. 2021-12-21
    soldstatus $52,000
22. 2021-12-17
    soldstatus $52,000 Sold
23. 2021-12-17
    soldstatus $52,000
24. 2021-12-17
    soldstatus $52,000 Closed
25. 2021-11-06
    status Pending
26. 2021-11-06
    status Pending
27. 2021-11-04
    historical Accepting Backup Offers
28. 2021-11-04
    historical Accepting Backup Offers
29. 2021-10-28
    price $55,000
30. 2021-10-28
    price $55,000
31. 2021-10-18
    listed $59,900 Active
32. 2021-10-18
    listed $55,000
33. 2021-10-18
    listed $59,900 Active
34. 2019-05-03
    soldstatus $19,000 Sold
35. 2019-05-03
    soldstatus $19,000 Closed
36. 2019-05-02
    status Pending
37. 2019-05-02
    status Pending
38. 2019-04-19
    status Active
39. 2019-04-17
    historical
40. 2019-03-29
    status Active
41. 2019-03-29
    status Active
42. 2019-03-25
    status Pending
43. 2019-03-25
    status Pending
44. 2019-03-20
    listed $30,000 Active
45. 2019-03-20
    listed $30,000 Active
46. 2012-10-29
    soldstatus $3,500
47. 2012-10-29
    soldstatus $3,500
48. 2012-10-18
    historical
49. 2012-09-18
    listed $3,500
50. 2012-09-18
    listed $3,500

ⓘ 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: $1,093 · $91/mo
• Projected year-2 tax: $1,093 · $91/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 ≥95°F today · 14 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: $15,645
• − Mortgage interest: −$3,305
• − Property taxes: −$1,093
• − Insurance: −$295
• − Repairs & maintenance: −$1,252
• − Management: −$1,252
• − Depreciation: −$1,716
• Taxable income: $6,733
• Est. tax owed @ 24.0%: −$1,616
• After-tax cash flow: $5,643/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• Foreign-born: 1% · Canada
• 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+1585.7% since first listed

37 events — show timeline

• 2026-05-08 Price Changed $59,000 MiRealSource-MiMLS
• 2026-05-08 Price Changed $59,000 REALCOMP
• 2025-12-17 Price Changed $62,000 MiRealSource-MiMLS
• 2025-12-16 Price Changed $62,000 REALCOMP
• 2025-06-12 Listed $63,000 REALCOMP
• 2025-06-12 Listed $63,000 MiRealSource-MiMLS
• 2022-03-03 Sold (Public Records) $69,000 Public Records
• 2021-12-21 Sold (Public Records) $52,000 Public Records
• 2021-12-17 Sold (MLS) $52,000 MiRealSource-MiMLS
• 2021-12-17 Sold (MLS) $52,000 MiRealSource-MiMLS
• 2021-12-17 Sold (MLS) $52,000 REALCOMP
• 2021-11-06 Pending — MiRealSource-MiMLS
• 2021-11-06 Pending — REALCOMP
• 2021-11-04 Contingent — MiRealSource-MiMLS
• 2021-11-04 Contingent — REALCOMP
• 2021-10-28 Price Changed $55,000 MiRealSource-MiMLS
• 2021-10-28 Price Changed $55,000 REALCOMP
• 2021-10-18 Listed $59,900 MiRealSource-MiMLS
• 2021-10-18 Listed $55,000 MiRealSource-MiMLS
• 2021-10-18 Listed $59,900 REALCOMP
• 2019-05-03 Sold (MLS) $19,000 MiRealSource-MiMLS
• 2019-05-03 Sold (MLS) $19,000 REALCOMP
• 2019-05-02 Pending — MiRealSource-MiMLS
• 2019-05-02 Pending — REALCOMP
• 2019-04-19 Relisted — REALCOMP
• 2019-04-17 Listing Removed — REALCOMP
• 2019-03-29 Relisted — MiRealSource-MiMLS
• 2019-03-29 Relisted — REALCOMP
• 2019-03-25 Pending — MiRealSource-MiMLS
• 2019-03-25 Pending — REALCOMP
• 2019-03-20 Listed $30,000 MiRealSource-MiMLS
• 2019-03-20 Listed $30,000 REALCOMP
• 2012-10-29 Sold (MLS) $3,500 MiRealSource-MiMLS
• 2012-10-29 Sold (MLS) $3,500 REALCOMP
• 2012-10-18 Listing Removed — MiRealSource-MiMLS
• 2012-09-18 Listed $3,500 MiRealSource-MiMLS
• 2012-09-18 Listed $3,500 REALCOMP

Property tax history

-5.3%/yr

Latest (2025): $1,093 · -8.5% YoY. Source: county tax records.