8618 Minock St · Detroit, MI 48228

$13,900

3 bd · 1.0 ba · 822 sqft · SingleFamily public records · 7 Days on market

Built 1945 5,227 sqft lot ↓ 19% since listing

---

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
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

Key facts

• 5,227 sq ft lot
• Built 1945
• Listed 7 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $14k.

Deal economics

• At list price, monthly cash flow is $859 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $14k).
• Cap rate 80.5% 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: Rents soft (-2.3%/yr); 363 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 66% 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 $1,209/mo this rent would consume 47% of the median local household income ($31k/yr) (locally 4144% 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 $96 of loan paydown is wiped out by about $417 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 + 0.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 28y ago; this cycle's ask has dropped $3k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $13,900

Questions for the listing agent

1. Built in 1945 — 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. 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?
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: 8.70% ✓
• Cap rate: 80.49%
• Cash-on-cash: 264.98%
• DSCR: 12.79
• GRM: 1.0

CMA / ARV

• ARV (on-the-fly): $50,964
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8686 Artesian St	0.32mi	3/1.0	864 (+5%)	2mo	$35,000	$41	75
8309 Brace St	0.45mi	3/1.5	864 (+5%)	1mo	$28,500	$33	68
8277 Stout St	0.44mi	3/1.0	879 (+7%)	0mo	$45,000	$51	67
9244 Heyden	0.52mi	2/1.0 (-1)	801 (-3%)	0mo	$35,000	$44	66
7756 Westwood St	0.49mi	3/1.0	871 (+6%)	2mo	$90,000	$103	66
8225 Grandville Ave	0.27mi	2/1.0 (-1)	906 (+10%)	2mo	$36,500	$40	64
8084 Evergreen Ave	0.36mi	3/1.0	909 (+11%)	3mo	$77,000	$85	63
9252 Fielding St	0.61mi	4/1.0 (+1)	807 (-2%)	3mo	$50,000	$62	61
8630 Greenview Ave	0.50mi	3/1.0	924 (+12%)	3mo	$50,000	$54	54
7730 Braile St	0.75mi	3/1.0	768 (-7%)	2mo	$68,000	$89	53
9012 Pierson St	0.67mi	3/1.0	910 (+11%)	0mo	$60,000	$66	51
9072 Burt Rd	0.74mi	3/1.0	906 (+10%)	2mo	$57,000	$63	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 13.58×
• Total profit: $48,958
• Equity at exit: $2,073

10-year hold

• IRR: —
• Equity multiple: 26.56×
• Total profit: $99,490
• Equity at exit: $1,202

Cash invested: $3,892 (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 48228

• Rents YoY: -2.3%
• Active inventory: 363
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $1,209 high
• Mortgage (P&I): −$73
• Tax est. 1.5%: −$17 /mo · $208/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $859

Break-even live

Break-even rent $122

Max offer price $13,900

Occupancy floor 24%

Sensitivity live

Price	-10% $869	-5% $864	+0% $859	+5% $855	+10% $850
Rent	-10% $764	-5% $812	+0% $859	+5% $907	+10% $955
Rate	-1.0pp $866	-0.5pp $863	base $859	+0.5pp $856	+1.0pp $852

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: $3,475
• Closing costs: $417
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19301 Joy Rd Apt 1 Detroit, MI	2.0	1.0	750	$1,100	$1.47	44d	1	0.14mi
8283 Vaughan St Detroit, MI	3.0	1.0	1058	$1,294	$1.22	5d	1	0.33mi
9090 Stahelin Ave Detroit, MI	2.0	1.0	787	$1,250	$1.59	44d	1	0.50mi
7794 Vaughan St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	17d	1	0.50mi
20431 Tireman St Detroit, MI	3.0	1.0	1020	$1,350	$1.32	18d	1	0.58mi
19449 W Chicago St Detroit, MI	3.0	1.5	950	$1,500	$1.58	44d	1	0.59mi
7635 Evergreen Ave Detroit, MI	3.0	1.0	690	$1,350	$1.96	44d	1	0.63mi
8451 Rosemont Ave Detroit, MI	3.0	1.0	867	$1,150	$1.33	44d	1	0.67mi
8850 Rosemont Ave Detroit, MI	3.0	1.0	933	$1,100	$1.18	18d	1	0.71mi
8262 Rosemont Ave Detroit, MI	3.0	1.0	836	$1,200	$1.44	5d	1	0.72mi
9401 Fielding St Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.76mi
20529 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.76mi
9410 Patton St Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.76mi
8270 Trinity St Detroit, MI	3.0	1.0	806	$1,528	$1.90	44d	1	0.77mi
9059 Burt Rd Detroit, MI	3.0	1.0	980	$1,400	$1.43	44d	1	0.77mi
20541 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.77mi
9404 Patton St Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.77mi
20545 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.77mi
20547 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.77mi
7411 Stout St Detroit, MI	3.0	1.0	888	$1,428	$1.61	13d	1	0.78mi
20522 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.78mi
20550 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.79mi
20619 W Chicago Detroit, MI	2.0	1.0	950	$1,200	$1.26	44d	1	0.80mi
18450 W Chicago Detroit, MI	1.0–2.0	1.0	687	$1,117	$1.62	2d	15	0.84mi
20921 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.94mi
9108 Archdale St Detroit, MI	3.0	1.0	1000	$1,300	$1.30	5d	1	0.94mi
20935 W Chicago Detroit, MI	2.0	1.0	1000	$900	$0.90	44d	1	0.95mi
20937 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.95mi
9416 Trinity St Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.96mi
20945 W Chicago Detroit, MI	2.0	1.0	1000	$950	$0.95	44d	1	0.96mi
11652 Fielding St Detroit, MI	3.0	1.0	1000	$1,386	$1.39	44d	1	1.25mi
6490 Stahelin Ave Detroit, MI	3.0	1.0	960	$1,299	$1.35	17d	1	1.26mi
11704 Greenview Ave Detroit, MI	4.0	1.0	1046	$1,300	$1.24	25d	1	1.31mi
12084 Vaughan St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.36mi
11741 Penrod St Detroit, MI	3.0	1.0	1124	$1,400	$1.25	17d	1	1.38mi

Listing history 41 events

1. 2026-06-18
   days on market $13,900 Active 7 DOM
2. 2026-06-17
   days on market $13,900 Active 6 DOM
3. 2026-06-16
   days on market $13,900 Active 5 DOM
4. 2026-06-15
   days on market $13,900 Active 4 DOM
5. 2026-06-13
   days on market $13,900 Active 2 DOM
6. 2026-06-13
   remarks 368-char remark
7. 2026-06-13
   pricestatusdays on marketlisting id $13,900 Active 1 DOM
8. 2026-04-27
   status Pending

   Show marketing remark (355 chars)

   COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

9. 2026-04-27
   status Pending 355-char remark

   Show marketing remark (355 chars)

   COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

10. 2026-03-24
    price $14,900 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

11. 2026-03-23
    price $14,900
12. 2026-02-11
    status Active 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

13. 2026-02-11
    status Active

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

14. 2026-02-09
    status Pending 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

15. 2026-02-09
    status Pending

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

16. 2026-01-28
    price $15,900 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

17. 2026-01-27
    price $15,900
18. 2025-11-21
    price $16,500 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

19. 2025-11-20
    price $16,500

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

20. 2025-11-20
    status Active 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

21. 2025-11-20
    status Active

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

22. 2025-11-06
    status Pending 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

23. 2025-11-06
    status Pending

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

24. 2025-10-29
    listed $16,900 Active

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

25. 2025-10-29
    listed $16,900 Active 355-char remark

    Show marketing remark (355 chars)

    COZY RANCH LOCATED NORTH OF JOY AND EAST OF EVERGREEN. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINISHED BASEMENT. BUYER WILL BE RESPONSIBLE FOR SIGNING A REHAB AGREEMENT WITH DETROIT LAND BANK PRIOR TO CLOSING. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY DIC A 295 PROCESSING FEE AT CLOSING.

26. 2025-08-01
    historical
27. 2025-08-01
    historical
28. 2025-05-08
    listed $18,900 Active
29. 2025-05-08
    listed $18,900 Active
30. 2024-08-23
    historical
31. 2024-08-23
    historical
32. 2024-07-27
    price $22,900
33. 2024-07-26
    price $22,900
34. 2024-05-29
    listed $23,900 Active
35. 2024-05-29
    listed $23,900 Active
36. 2024-05-29
    historical
37. 2024-05-29
    historical
38. 1998-11-30
    historical
39. 1998-07-18
    listed $52,900
40. 1995-06-15
    soldstatus $36,000
41. 1995-04-07
    soldstatus $18,500

ⓘ 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 ≥99°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: $14,514
• − Mortgage interest: −$779
• − Property taxes: −$208
• − Insurance: −$70
• − Repairs & maintenance: −$1,161
• − Management: −$1,161
• − Depreciation: −$404
• Taxable income: $10,730
• Est. tax owed @ 24.0%: −$2,575
• After-tax cash flow: $7,738/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): 50,117
• Household income: $30,680
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 4144.0

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 (71%)
• Race & ethnicity: Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Arab 2% Romanian 2% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 11% Spanish 5%

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: ▼ -160.81%
• Current HPI: 168.6843
• Rent YoY: ▼ -2.30%
• 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

-19.5% since first listed

34 events — show timeline

• 2026-04-27 Pending — REALCOMP
• 2026-04-27 Pending — MiRealSource-MiMLS
• 2026-03-24 Price Changed $14,900 MiRealSource-MiMLS
• 2026-03-23 Price Changed $14,900 REALCOMP
• 2026-02-11 Relisted — MiRealSource-MiMLS
• 2026-02-11 Relisted — REALCOMP
• 2026-02-09 Pending — MiRealSource-MiMLS
• 2026-02-09 Pending — REALCOMP
• 2026-01-28 Price Changed $15,900 MiRealSource-MiMLS
• 2026-01-27 Price Changed $15,900 REALCOMP
• 2025-11-21 Price Changed $16,500 MiRealSource-MiMLS
• 2025-11-20 Price Changed $16,500 REALCOMP
• 2025-11-20 Relisted — MiRealSource-MiMLS
• 2025-11-20 Relisted — REALCOMP
• 2025-11-06 Pending — MiRealSource-MiMLS
• 2025-11-06 Pending — REALCOMP
• 2025-10-29 Listed $16,900 MiRealSource-MiMLS
• 2025-10-29 Listed $16,900 REALCOMP
• 2025-08-01 Listing Removed — REALCOMP
• 2025-08-01 Listing Removed — MiRealSource-MiMLS
• 2025-05-08 Listed $18,900 REALCOMP
• 2025-05-08 Listed $18,900 MiRealSource-MiMLS
• 2024-08-23 Listing Removed — MiRealSource-MiMLS
• 2024-08-23 Listing Removed — REALCOMP
• 2024-07-27 Price Changed $22,900 MiRealSource-MiMLS
• 2024-07-26 Price Changed $22,900 REALCOMP
• 2024-05-29 Listed $23,900 MiRealSource-MiMLS
• 2024-05-29 Listed $23,900 REALCOMP
• 2024-05-29 Coming Soon — MiRealSource-MiMLS
• 2024-05-29 Coming Soon — REALCOMP
• 1998-11-30 Listing Removed — REALCOMP
• 1998-07-18 Listed $52,900 REALCOMP
• 1995-06-15 Sold (Public Records) $36,000 Public Records
• 1995-04-07 Sold (Public Records) $18,500 Public Records

Property tax history

-4.6%/yr

Latest (2025): $775 · -53.4% YoY. Source: county tax records.