18968 E Northlawn St E · Detroit, MI 48221

$169,999

5 bd · 2.0 ba · 2,142 sqft · SingleFamily · 43 Days on market

Built 1938 Average condition 3,920 sqft lot $79/sqft · 24% below area Est $225k · 24% under ↓ 11% since listing

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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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.5/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.8/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 5-Bedroom & 2-Full Bath Colonial in Bagley Welcome home to this newly updated two-story brick Colonial located in the fast-growing Bagley neighborhood of Detroit. This spacious property perfectly blends classic architectural style with modern essential upgrades, making it an ideal find for families or investors alike. Property Highlights • Space & Layout: Boasting over 2,100 square feet of finished living space, this home features five generous bedrooms and two full bathrooms. • Living Areas: Enjoy the versatility of two large living rooms, perfect for entertaining or creating a dedicated home office or media space. • Recent Upgrades: Move in with peace of mind knowing the home features a new furnace and a new hot water heater. The property was significantly remodeled in 2022. • Exterior Features: The home sits on a quiet street and includes a private backyard and a detached 2-car garage. Key Specifications • Price: $189,999 • Location: 18966 Northlawn Street, Detroit, MI 48221 • Basement: Full, unfinished basement providing ample storage or potential for future customization. • Cooling/Heating: Stay comfortable year-round with Central Air and forced air natural gas heating. • Lot Size: 0.09 acres ( \ bm{35 \ times 117} ft lot). Sale As Is.

Key facts

• New furnace
• Private backyard
• New hot water heater

Tags

• TWO LARGE LIVING ROOMS
• NEW FURNACE
• NEW HOT WATER HEATER
• PRIVATE BACKYARD
• DETACHED 2-CAR GARAGE
• FULL UNFINISHED BASEMENT

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; 220 volt electric service; Sewer: Unknown
• Home design: Single family residence; Residential property; Two levels; Ground-level entry with steps; New construction
• Construction: Brick construction; Brick/mortar foundation; Built with asphalt roof
• Exterior features: Back yard fencing; Asphalt roof; Paved road access; Split possible lot

Interior

• Kitchen: No appliances included
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Unfurnished; Unfinished basement; Basement present; 8 total rooms; Accessible entrance, bedroom, central living area, closets, doors, kitchen and stairway; Visitable layout and visitor bathroom; Pets allowed
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $170k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $364 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.

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 (+3.4%/yr); 349 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 40% of the median local income ($58k/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 $1k of loan paydown is wiped out by about $5k 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 43 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $164,899 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 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 1938 — 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: 1.15% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.18%
• DSCR: 1.41
• GRM: 7.3

CMA / ARV

• ARV (median comp): $225,067
• List price: $169,999
• Delta: -24.47%
• 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
19319 Pennington Dr	0.34mi	4/2.0 (-1)	2,093 (-2%)	11mo	$263,000	$126	66
18953 Woodingham Dr	0.15mi	4/1.5 (-1)	1,911 (-11%)	14mo	$170,000	$89	56
17524 Woodingham Dr	0.68mi	4/1.5 (-1)	2,120 (-1%)	5mo	$255,000	$120	55
18710 Ilene St	0.46mi	4/2.5 (-1)	2,321 (+8%)	4mo	$245,000	$106	54
17540 Indiana St	0.68mi	4/2.0 (-1)	2,020 (-6%)	2mo	$155,000	$77	53
18661 San Juan Dr	0.37mi	4/2.5 (-1)	1,882 (-12%)	4mo	$236,000	$125	53
18106 Roselawn St	0.46mi	5/2.5	2,345 (+10%)	10mo	$230,000	$98	52
18929 Santa Rosa Dr	0.51mi	4/1.5 (-1)	2,025 (-6%)	10mo	$242,000	$120	52
19346 Kentucky St	0.37mi	4/1.5 (-1)	2,319 (+8%)	13mo	$140,000	$60	51
17585 Wisconsin St	0.63mi	4/2.0 (-1)	1,944 (-9%)	3mo	$290,000	$149	48
18041 Griggs St	0.75mi	4/2.0 (-1)	2,300 (+7%)	3mo	$202,025	$88	45
19965 Greenlawn St	0.63mi	4/1.0 (-1)	1,850 (-14%)	6mo	$100,000	$54	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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.93×
• Total profit: $-3,472
• Equity at exit: $25,347

10-year hold

• IRR: 8.3%
• Equity multiple: 1.64×
• Total profit: $30,530
• Equity at exit: $14,698

Cash invested: $47,600 (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 48221

• Rents YoY: 3.4%
• Active inventory: 349
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,948 medium
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,550/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $364

Break-even live

Break-even rent $1,487

Max offer price $169,999

Occupancy floor 76%

Sensitivity live

Price	-10% $481	-5% $423	+0% $364	+5% $305	+10% $246
Rent	-10% $210	-5% $287	+0% $364	+5% $441	+10% $518
Rate	-1.0pp $450	-0.5pp $407	base $364	+0.5pp $320	+1.0pp $275

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16211 Kentucky St Detroit, MI	4.0	2.0	2168	$1,995	$0.92	18d	1	1.38mi

Listing history 19 events

1. 2026-06-18
   days on market $169,999 Active 43 DOM
2. 2026-06-17
   days on market $169,999 Active 42 DOM
3. 2026-06-15
   days on market $169,999 Active 40 DOM
4. 2026-06-13
   days on market $169,999 Active 38 DOM
5. 2026-06-13
   days on market $169,999 Active 37 DOM
6. 2026-06-09
   days on market $169,999 Active 34 DOM
7. 2026-06-08
   days on market $169,999 Active 33 DOM
8. 2026-06-07
   days on market $169,999 Active 32 DOM
9. 2026-06-04
   days on market $169,999 Active 29 DOM
10. 2026-06-03
    days on market $169,999 Active 28 DOM
11. 2026-06-02
    days on market $169,999 Active 27 DOM
12. 2026-06-01
    days on market $169,999 Active 26 DOM
13. 2026-05-31
    days on market $169,999 Active 25 DOM
14. 2026-05-18
    price $169,999 1444-char remark

    Show marketing remark (1444 chars)

    Charming 5-Bedroom & 2-Full Bath Colonial in Bagley Welcome home to this newly updated two-story brick Colonial located in the fast-growing Bagley neighborhood of Detroit. This spacious property perfectly blends classic architectural style with modern essential upgrades, making it an ideal find for families or investors alike. Property Highlights • Space & Layout: Boasting over 2,100 square feet of finished living space, this home features five generous bedrooms and two full bathrooms. • Living Areas: Enjoy the versatility of two large living rooms, perfect for entertaining or creating a dedicated home office or media space. • Recent Upgrades: Move in with peace of mind knowing the home features a new furnace and a new hot water heater. The property was significantly remodeled in 2022. • Exterior Features: The home sits on a quiet street and includes a private backyard and a detached 2-car garage. Key Specifications • Price: $189,999 • Location: 18966 Northlawn Street, Detroit, MI 48221 • Basement: Full, unfinished basement providing ample storage or potential for future customization. • Cooling/Heating: Stay comfortable year-round with Central Air and forced air natural gas heating. • Lot Size: 0.09 acres ( \ bm{35 \ times 117} ft lot). Sale As Is.

15. 2026-05-18
    price $169,999 1333-char remark

    Show marketing remark (1444 chars)

    Charming 5-Bedroom & 2-Full Bath Colonial in Bagley Welcome home to this newly updated two-story brick Colonial located in the fast-growing Bagley neighborhood of Detroit. This spacious property perfectly blends classic architectural style with modern essential upgrades, making it an ideal find for families or investors alike. Property Highlights • Space & Layout: Boasting over 2,100 square feet of finished living space, this home features five generous bedrooms and two full bathrooms. • Living Areas: Enjoy the versatility of two large living rooms, perfect for entertaining or creating a dedicated home office or media space. • Recent Upgrades: Move in with peace of mind knowing the home features a new furnace and a new hot water heater. The property was significantly remodeled in 2022. • Exterior Features: The home sits on a quiet street and includes a private backyard and a detached 2-car garage. Key Specifications • Price: $189,999 • Location: 18966 Northlawn Street, Detroit, MI 48221 • Basement: Full, unfinished basement providing ample storage or potential for future customization. • Cooling/Heating: Stay comfortable year-round with Central Air and forced air natural gas heating. • Lot Size: 0.09 acres ( \ bm{35 \ times 117} ft lot). Sale As Is.

16. 2026-05-15
    price $184,999 1444-char remark

    Show marketing remark (1444 chars)

    Charming 5-Bedroom & 2-Full Bath Colonial in Bagley Welcome home to this newly updated two-story brick Colonial located in the fast-growing Bagley neighborhood of Detroit. This spacious property perfectly blends classic architectural style with modern essential upgrades, making it an ideal find for families or investors alike. Property Highlights • Space & Layout: Boasting over 2,100 square feet of finished living space, this home features five generous bedrooms and two full bathrooms. • Living Areas: Enjoy the versatility of two large living rooms, perfect for entertaining or creating a dedicated home office or media space. • Recent Upgrades: Move in with peace of mind knowing the home features a new furnace and a new hot water heater. The property was significantly remodeled in 2022. • Exterior Features: The home sits on a quiet street and includes a private backyard and a detached 2-car garage. Key Specifications • Price: $189,999 • Location: 18966 Northlawn Street, Detroit, MI 48221 • Basement: Full, unfinished basement providing ample storage or potential for future customization. • Cooling/Heating: Stay comfortable year-round with Central Air and forced air natural gas heating. • Lot Size: 0.09 acres ( \ bm{35 \ times 117} ft lot). Sale As Is.

17. 2026-05-15
    price $184,999 1333-char remark

    Show marketing remark (1444 chars)

    Charming 5-Bedroom & 2-Full Bath Colonial in Bagley Welcome home to this newly updated two-story brick Colonial located in the fast-growing Bagley neighborhood of Detroit. This spacious property perfectly blends classic architectural style with modern essential upgrades, making it an ideal find for families or investors alike. Property Highlights • Space & Layout: Boasting over 2,100 square feet of finished living space, this home features five generous bedrooms and two full bathrooms. • Living Areas: Enjoy the versatility of two large living rooms, perfect for entertaining or creating a dedicated home office or media space. • Recent Upgrades: Move in with peace of mind knowing the home features a new furnace and a new hot water heater. The property was significantly remodeled in 2022. • Exterior Features: The home sits on a quiet street and includes a private backyard and a detached 2-car garage. Key Specifications • Price: $189,999 • Location: 18966 Northlawn Street, Detroit, MI 48221 • Basement: Full, unfinished basement providing ample storage or potential for future customization. • Cooling/Heating: Stay comfortable year-round with Central Air and forced air natural gas heating. • Lot Size: 0.09 acres ( \ bm{35 \ times 117} ft lot). Sale As Is.

18. 2026-04-30
    listed $189,999 Active 1444-char remark

    Show marketing remark (1444 chars)

    Charming 5-Bedroom & 2-Full Bath Colonial in Bagley Welcome home to this newly updated two-story brick Colonial located in the fast-growing Bagley neighborhood of Detroit. This spacious property perfectly blends classic architectural style with modern essential upgrades, making it an ideal find for families or investors alike. Property Highlights • Space & Layout: Boasting over 2,100 square feet of finished living space, this home features five generous bedrooms and two full bathrooms. • Living Areas: Enjoy the versatility of two large living rooms, perfect for entertaining or creating a dedicated home office or media space. • Recent Upgrades: Move in with peace of mind knowing the home features a new furnace and a new hot water heater. The property was significantly remodeled in 2022. • Exterior Features: The home sits on a quiet street and includes a private backyard and a detached 2-car garage. Key Specifications • Price: $189,999 • Location: 18966 Northlawn Street, Detroit, MI 48221 • Basement: Full, unfinished basement providing ample storage or potential for future customization. • Cooling/Heating: Stay comfortable year-round with Central Air and forced air natural gas heating. • Lot Size: 0.09 acres ( \ bm{35 \ times 117} ft lot). Sale As Is.

19. 2026-04-30
    listed $189,999 Active 1333-char remark

    Show marketing remark (1444 chars)

    Charming 5-Bedroom & 2-Full Bath Colonial in Bagley Welcome home to this newly updated two-story brick Colonial located in the fast-growing Bagley neighborhood of Detroit. This spacious property perfectly blends classic architectural style with modern essential upgrades, making it an ideal find for families or investors alike. Property Highlights • Space & Layout: Boasting over 2,100 square feet of finished living space, this home features five generous bedrooms and two full bathrooms. • Living Areas: Enjoy the versatility of two large living rooms, perfect for entertaining or creating a dedicated home office or media space. • Recent Upgrades: Move in with peace of mind knowing the home features a new furnace and a new hot water heater. The property was significantly remodeled in 2022. • Exterior Features: The home sits on a quiet street and includes a private backyard and a detached 2-car garage. Key Specifications • Price: $189,999 • Location: 18966 Northlawn Street, Detroit, MI 48221 • Basement: Full, unfinished basement providing ample storage or potential for future customization. • Cooling/Heating: Stay comfortable year-round with Central Air and forced air natural gas heating. • Lot Size: 0.09 acres ( \ bm{35 \ times 117} ft lot). Sale As Is.

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,374
• − Mortgage interest: −$9,523
• − Property taxes: −$2,550
• − Insurance: −$850
• − Repairs & maintenance: −$1,870
• − Management: −$1,870
• − Depreciation: −$4,945
• Taxable income: $1,766
• Est. tax owed @ 24.0%: −$424
• After-tax cash flow: $3,944/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.

Condition & rehab AI · 30 photos

Average 55/100 Moderate rehab

This 5-bedroom colonial home requires moderate renovations to update its systems and aesthetics, significantly increasing its resale and rental value.

Repairs flagged

• Moderate Exposed plumbing and electrical wiring in kitchen — Safety hazard
• Moderate Older fixtures and dated tile in bathrooms — Aesthetically outdated

Value-add opportunities

• Both New kitchen appliances — Modernizes the space and improves functionality
• Both New bathroom fixtures — Enhances aesthetics and functionality
• Both Painting and minor repairs — Improves curb appeal and interior condition

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed plumbing and electrical wiring in kitchen · Safety hazard	Moderate	$3,000–15,000
Older fixtures and dated tile in bathrooms · Aesthetically outdated	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$6,000–30,000

Value-add ROI direction

• Both New kitchen appliances — Modernizes the space and improves functionality ↑
• Both New bathroom fixtures — Enhances aesthetics and functionality ↑
• Both Painting and minor repairs — Improves curb appeal and interior condition ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 41,392
• Household income: $57,878
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1646.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 4% Asian 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -433.14%
• Current HPI: 280.5434
• Rent YoY: ▲ 3.44%
• 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

-10.5% since first listed

6 events — show timeline

• 2026-05-18 Price Changed $169,999 MiRealSource-MiMLS
• 2026-05-18 Price Changed $169,999 REALCOMP
• 2026-05-15 Price Changed $184,999 MiRealSource-MiMLS
• 2026-05-15 Price Changed $184,999 REALCOMP
• 2026-04-30 Listed $189,999 REALCOMP
• 2026-04-30 Listed $189,999 MiRealSource-MiMLS