10909 Marne St · Detroit, MI 48224

$49,900

3 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 45 Days on market

Built 1943 5,227 sqft lot $49/sqft · 18% below area Est $61k · 18% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Bedroom brick bungalow with basement and two car garage. ready for new owner to pick colors, styles, cabinets and flooring. This home is demod to the studs, rough electrical electrical is approved. perfect for investors or flippers.

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 1943

Property features AI

Finance

• Other: Listed by NHL Real Estate

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Ground-level entry with steps
• Construction: Brick construction; Block foundation; Above-grade finished area approximately 1,024 square feet
• Exterior features: Paved road access; Lot dimensions approximately 43 x 126 (0.12 acres)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central air
• Interior features: Unfinished basement; Total of 6 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $718 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $48k (3.0% below list) — sets the bar for market timing.
• Cap rate 23.6% 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 flat; 492 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 36% 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 $345 of loan paydown is wiped out by about $1k 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 + 0.7% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 18 sale attempts since 16y 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.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $48,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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 1943 — 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: 2.70% ✓
• Cap rate: 23.57%
• Cash-on-cash: 61.69%
• DSCR: 3.74
• GRM: 3.1

CMA / ARV

• ARV (median comp): $60,909
• List price: $49,900
• Delta: -18.07%
• 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
20244 Mccormick St	0.14mi	3/1.0	1,000 (-2%)	1mo	$75,000	$75	89
10945 Peerless St	0.09mi	3/1.0	964 (-6%)	2mo	$54,000	$56	85
11640 Somerset Ave	0.27mi	3/2.0	1,028 (+0%)	0mo	$70,000	$68	83
11017 Worden St	0.15mi	3/1.0	961 (-6%)	0mo	$47,500	$49	82
20300 Mccormick St	0.16mi	3/1.0	940 (-8%)	1mo	$60,000	$64	78
10830 Mckinney St	0.45mi	3/1.0	1,066 (+4%)	1mo	$40,199	$38	71
11545 Roxbury St	0.56mi	3/1.0	1,003 (-2%)	1mo	$65,000	$65	70
9369 Sanilac St	0.33mi	3/1.0	1,124 (+10%)	1mo	$65,000	$58	68
6135 Marseilles St	0.70mi	3/1.0	988 (-4%)	0mo	$55,000	$56	61
10319 Mckinney St	0.74mi	4/1.0 (+1)	990 (-3%)	1mo	$25,000	$25	54
21211 Newcastle Rd	0.71mi	3/1.0	1,120 (+9%)	2mo	$135,000	$121	50
6156 Lodewyck St	0.70mi	3/1.0	900 (-12%)	1mo	$51,000	$57	47

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 58.0%
• Equity multiple: 3.48×
• Total profit: $34,678
• Equity at exit: $7,440

10-year hold

• IRR: 62.0%
• Equity multiple: 6.54×
• Total profit: $77,404
• Equity at exit: $4,314

Cash invested: $13,972 (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 48224

• Rents YoY: 0.7%
• Active inventory: 492
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,346 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $718

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 42%

Sensitivity live

Price	-10% $753	-5% $736	+0% $718	+5% $701	+10% $684
Rent	-10% $612	-5% $665	+0% $718	+5% $771	+10% $825
Rate	-1.0pp $743	-0.5pp $731	base $718	+0.5pp $705	+1.0pp $692

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10985 Peerless St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	6d	1	0.04mi
10870 Marne St Detroit, MI	3.0	1.0	1156	$1,100	$0.95	18d	1	0.06mi
19982 McCormick St Detroit, MI	3.0	1.0	866	$1,200	$1.39	4d	1	0.18mi
10542 Lanark St Detroit, MI	3.0	1.0	1023	$1,250	$1.22	44d	1	0.24mi
20461 Kingsville St Harper Woods, MI	4.0	1.0	1100	$1,399	$1.27	16d	1	0.28mi
19639 Moross Rd Unit 1 Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	0.35mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	13d	1	0.39mi
19661 Kenosha St Harper Woods, MI	3.0	2.0	1000	$1,400	$1.40	25d	1	0.46mi
19435 McCormick St Detroit, MI	3.0	2.0	1148	$1,300	$1.13	18d	1	0.46mi
19442 Kingsville St Harper Woods, MI	3.0	1.0	1000	$1,500	$1.50	18d	1	0.47mi
20926 Moross Rd Grosse Pointe, MI	3.0	1.0	1200	$1,350	$1.12	44d	1	0.47mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	0.50mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	44d	1	0.51mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	44d	1	0.54mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	44d	1	0.54mi
19365 Kingsville St Harper Woods, MI	4.0	1.5	996	$1,650	$1.66	16d	1	0.55mi
11529 Roxbury St Detroit, MI	2.0	1.0	720	$1,200	$1.67	13d	1	0.55mi
19203 Edgefield St Harper Woods, MI	2.0	1.0	1100	$1,100	$1.00	25d	1	0.57mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	44d	1	0.58mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	16d	1	0.58mi
9313 Harvard Rd Detroit, MI	3.0	1.5	1329	$1,200	$0.90	18d	1	0.58mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	4d	1	0.59mi
11776 Rossiter St Detroit, MI	3.0	1.0	964	$1,150	$1.19	12d	1	0.61mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	13d	1	0.64mi
10177 Boleyn St Detroit, MI	3.0	1.0	767	$1,250	$1.63	44d	1	0.64mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	44d	1	0.64mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	44d	1	0.64mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	44d	1	0.64mi
11611 Morang Ave Detroit, MI	1.0–2.0	1.0	709	$1,040	$1.47	44d	1	0.64mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	19d	1	0.67mi
11620 Rossiter St Detroit, MI	3.0	1.0	1140	$1,200	$1.05	18d	1	0.68mi
6225 Oldtown St Detroit, MI	3.0	1.0	1330	$1,199	$0.90	18d	1	0.68mi
6175 Marseilles St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	0.68mi
6154 Woodhall St Detroit, MI	2.0	1.0	1136	$1,000	$0.88	44d	1	0.69mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	0.70mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	18d	1	0.72mi
11689 Wayburn St Detroit, MI	3.0	1.0	1142	$1,350	$1.18	44d	1	0.77mi
21401 Kingsville St Harper Woods, MI	2.0	1.0	944	$1,200	$1.27	25d	1	0.77mi
19152 Woodside St Harper Woods, MI	3.0	1.0	916	$1,500	$1.64	18d	1	0.79mi
11911 Lansdowne St Detroit, MI	4.0	1.0	1350	$1,400	$1.04	44d	1	0.81mi

Listing history 49 events

1. 2026-06-21
   days on market $49,900 Active 45 DOM
2. 2026-06-18
   days on market $49,900 Active 42 DOM
3. 2026-06-17
   days on market $49,900 Active 41 DOM
4. 2026-06-15
   days on market $49,900 Active 39 DOM
5. 2026-06-13
   days on market $49,900 Active 37 DOM
6. 2026-06-13
   days on market $49,900 Active 36 DOM
7. 2026-06-09
   days on market $49,900 Active 33 DOM
8. 2026-06-08
   days on market $49,900 Active 32 DOM
9. 2026-06-07
   days on market $49,900 Active 31 DOM
10. 2026-06-04
    days on market $49,900 Active 28 DOM
11. 2026-06-03
    days on market $49,900 Active 27 DOM
12. 2026-06-02
    days on market $49,900 Active 26 DOM
13. 2026-06-01
    days on market $49,900 Active 25 DOM
14. 2026-05-31
    days on market $49,900 Active 24 DOM
15. 2026-05-06
    listed $49,900 Active 234-char remark

    Show marketing remark (234 chars)

    3 Bedroom brick bungalow with basement and two car garage. ready for new owner to pick colors, styles, cabinets and flooring. This home is demod to the studs, rough electrical electrical is approved. perfect for investors or flippers.

16. 2026-05-06
    listed $49,900 Active 235-char remark

    Show marketing remark (234 chars)

    3 Bedroom brick bungalow with basement and two car garage. ready for new owner to pick colors, styles, cabinets and flooring. This home is demod to the studs, rough electrical electrical is approved. perfect for investors or flippers.

17. 2025-06-08
    historical
18. 2025-06-06
    status Active
19. 2025-06-06
    status Active
20. 2025-04-08
    status Pending
21. 2025-04-08
    status Pending
22. 2025-04-08
    historical
23. 2025-02-11
    listed $58,000 Active
24. 2025-01-15
    listed $58,000 Active
25. 2022-12-06
    historical
26. 2022-12-06
    historical
27. 2022-10-24
    status Active
28. 2022-10-24
    status Active
29. 2022-10-21
    status Pending
30. 2022-10-21
    status Pending
31. 2022-10-10
    status Active
32. 2022-10-10
    status Active
33. 2022-08-31
    status Pending
34. 2022-08-31
    status Pending
35. 2022-07-28
    listed $52,000 Active
36. 2022-07-28
    listed $52,000 Active
37. 2020-08-19
    soldstatus $45,000
38. 2017-07-17
    historical
39. 2017-07-17
    historical
40. 2017-05-17
    status Active
41. 2017-05-17
    status Active
42. 2017-03-22
    status Pending
43. 2017-03-21
    status Pending
44. 2017-01-03
    listed $29,900 Active
45. 2017-01-03
    listed $29,900 Active
46. 2011-01-25
    soldstatus $10,880
47. 2011-01-25
    soldstatus $10,880
48. 2010-11-16
    listed $9,540
49. 2010-11-16
    listed $9,540

ⓘ 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 ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,149
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$1,292
• − Management: −$1,292
• − Depreciation: −$1,452
• Taxable income: $8,321
• Est. tax owed @ 24.0%: −$1,997
• After-tax cash flow: $6,623/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• 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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+423.1% since first listed

35 events — show timeline

• 2026-05-06 Listed $49,900 REALCOMP
• 2026-05-06 Listed $49,900 MiRealSource-MiMLS
• 2025-06-08 Listing Removed — MiRealSource-MiMLS
• 2025-06-06 Relisted — MiRealSource-MiMLS
• 2025-06-06 Relisted — REALCOMP
• 2025-04-08 Pending — MiRealSource-MiMLS
• 2025-04-08 Pending — REALCOMP
• 2025-04-08 Listing Removed — REALCOMP
• 2025-02-11 Listed $58,000 MiRealSource-MiMLS
• 2025-01-15 Listed $58,000 REALCOMP
• 2022-12-06 Listing Removed — MiRealSource-MiMLS
• 2022-12-06 Listing Removed — REALCOMP
• 2022-10-24 Relisted — MiRealSource-MiMLS
• 2022-10-24 Relisted — REALCOMP
• 2022-10-21 Pending — MiRealSource-MiMLS
• 2022-10-21 Pending — REALCOMP
• 2022-10-10 Relisted — MiRealSource-MiMLS
• 2022-10-10 Relisted — REALCOMP
• 2022-08-31 Pending — MiRealSource-MiMLS
• 2022-08-31 Pending — REALCOMP
• 2022-07-28 Listed $52,000 MiRealSource-MiMLS
• 2022-07-28 Listed $52,000 REALCOMP
• 2020-08-19 Sold (Public Records) $45,000 Public Records
• 2017-07-17 Listing Removed — REALCOMP
• 2017-07-17 Listing Removed — MiRealSource-MiMLS
• 2017-05-17 Relisted — MiRealSource-MiMLS
• 2017-05-17 Relisted — REALCOMP
• 2017-03-22 Pending — MiRealSource-MiMLS
• 2017-03-21 Pending — REALCOMP
• 2017-01-03 Listed $29,900 MiRealSource-MiMLS
• 2017-01-03 Listed $29,900 REALCOMP
• 2011-01-25 Sold (MLS) $10,880 REALCOMP
• 2011-01-25 Sold (MLS) $10,880 MiRealSource-MiMLS
• 2010-11-16 Listed $9,540 REALCOMP
• 2010-11-16 Listed $9,540 MiRealSource-MiMLS

Property tax history

+19.2%/yr

Latest (2025): $6,114 · +0.4% YoY. Source: county tax records.