15818 Cherrylawn St · Detroit, MI 48238

$49,900

3 bd · 1.0 ba · 1,420 sqft · SingleFamily public records · 196 Days on market

Built 1927 3,485 sqft lot $35/sqft · 62% below area

---

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 +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

Key facts

• Brick exterior
• Unfinished basement
• Long-term cash flow

Tags

• BRICK MULTI-FAMILY OPPORTUNITY
• FULL RENOVATION
• BRICK EXTERIOR
• SEPARATE ENTRANCES
• UNFINISHED BASEMENT
• LONG-TERM CASH FLOW

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 $571 ($7k/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: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.0% 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 rising fast (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $1,274/mo this rent would consume 46% of the median local household income ($33k/yr) (locally 2172% 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 $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 + 6.1% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 196 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 5y 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: property tax is 3.7% of price; built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 196 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 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.55% ✓
• Cap rate: 20.02%
• Cash-on-cash: 49.02%
• DSCR: 3.18
• GRM: 3.3

CMA / ARV

• ARV (median comp): $131,104
• List price: $49,900
• Delta: -61.94%
• 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
15703 Northlawn St	0.14mi	4/1.0 (+1)	1,365 (-4%)	5mo	$70,000	$51	78
16204 Wisconsin St	0.24mi	3/1.5	1,536 (+8%)	1mo	$163,000	$106	72
16500 Griggs St	0.53mi	3/1.5	1,427 (+0%)	4mo	$130,000	$91	69
16688 Turner St	0.54mi	3/1.0	1,412 (-1%)	6mo	$50,000	$35	69
15379 Woodingham Dr	0.38mi	4/1.0 (+1)	1,300 (-8%)	4mo	$7,000	$5	60
17160 Wisconsin St	0.68mi	3/1.5	1,438 (+1%)	5mo	$207,000	$144	60
15771 Birwood St	0.53mi	3/1.5	1,290 (-9%)	0mo	$128,995	$100	58
15374 Birwood St	0.58mi	4/2.0 (+1)	1,378 (-3%)	4mo	$132,000	$96	55
16659 Lilac St	0.56mi	3/2.0	1,296 (-9%)	1mo	$40,000	$31	54
16143 Monica St	0.55mi	4/2.0 (+1)	1,500 (+6%)	2mo	$175,000	$117	54
16800 Ilene St	0.59mi	3/2.5	1,298 (-9%)	1mo	$210,000	$162	51
17127 Woodingham Dr	0.67mi	3/2.0	1,623 (+14%)	4mo	$215,000	$132	37

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 · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 50.5%
• Equity multiple: 3.33×
• Total profit: $32,490
• Equity at exit: $7,440

10-year hold

• IRR: 57.4%
• Equity multiple: 7.70×
• Total profit: $93,569
• 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 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 346
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,274 high
• Mortgage (P&I): −$262
• Tax from tax record: −$153 /mo · $1,834/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $571

Break-even live

Break-even rent $551

Max offer price $49,900

Occupancy floor 50%

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
15791 Cherrylawn St Detroit, MI	2.0	1.0	1792	$1,100	$0.61	44d	1	0.05mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	5d	1	0.15mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	24d	1	0.20mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	44d	1	0.26mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	44d	1	0.27mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	18d	1	0.31mi
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	44d	1	0.36mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	44d	1	0.37mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	17d	1	0.45mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	4d	1	0.48mi
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	5d	1	0.52mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	0.58mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	5d	1	0.58mi
16722 Tuller St Detroit, MI	3.0	1.5	1100	$1,500	$1.36	17d	1	0.60mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	17d	1	0.66mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	44d	1	0.68mi
17159 Northlawn St Unit 17161 Detroit, MI	2.0	1.0	1122	$975	$0.87	5d	1	0.69mi
16582 Santa Rosa Dr Detroit, MI	3.0	1.0	1314	$1,399	$1.06	17d	1	0.70mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	20d	1	0.72mi
17195 Northlawn St #2 Detroit, MI	2.0	1.0	1200	$1,050	$0.88	24d	1	0.72mi
17195 Northlawn St #1 Detroit, MI	2.0	1.0	1200	$1,100	$0.92	20d	1	0.72mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.74mi
17163 Prairie St Unit 1B Detroit, MI	3.0	1.5	1317	$1,350	$1.03	44d	1	0.82mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	17d	1	0.82mi
17147 Monica St Unit 2 1 Detroit, MI	2.0	1.0	900	$975	$1.08	24d	1	0.84mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	24d	1	0.84mi
17368 Woodingham Dr Detroit, MI	3.0	1.5	1200	$1,800	$1.50	44d	1	0.85mi
17145 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	1050	$1,400	$1.33	18d	1	0.87mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	44d	1	0.88mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	44d	1	0.88mi
17530 Roselawn St Unit 1 Detroit, MI	3.0	2.0	1600	$2,000	$1.25	24d	1	0.92mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	44d	1	0.93mi
17215 Warrington Dr Detroit, MI	2.0	1.0	1015	$2,000	$1.97	44d	1	1.03mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	44d	1	1.07mi
17551 Santa Rosa Dr Detroit, MI	2.0	1.0	1036	$1,095	$1.06	44d	1	1.08mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	44d	1	1.10mi
16834 Fairfield St Detroit, MI	2.0	1.0	1516	$1,363	$0.90	24d	1	1.10mi
17540 Pinehurst St Detroit, MI	3.0	1.0	1200	$1,395	$1.16	44d	1	1.11mi
17596 Santa Rosa Dr Detroit, MI	2.0	1.0	1350	$1,195	$0.89	44d	1	1.13mi
17596 Santa Rosa Dr Unit 2 Detroit, MI	2.0	1.0	1350	$1,195	$0.89	24d	1	1.13mi

Listing history 41 events

1. 2026-06-18
   days on market $49,900 Active 196 DOM
2. 2026-06-17
   days on market $49,900 Active 195 DOM
3. 2026-06-15
   days on market $49,900 Active 193 DOM
4. 2026-06-13
   days on market $49,900 Active 191 DOM
5. 2026-06-13
   days on market $49,900 Active 190 DOM
6. 2026-06-09
   days on market $49,900 Active 187 DOM
7. 2026-06-08
   days on market $49,900 Active 186 DOM
8. 2026-06-07
   days on market $49,900 Active 185 DOM
9. 2026-06-04
   days on market $49,900 Active 182 DOM
10. 2026-06-03
    days on market $49,900 Active 181 DOM
11. 2026-06-01
    days on market $49,900 Active 179 DOM
12. 2026-05-31
    days on market $49,900 Active 178 DOM
13. 2025-12-04
    listed $49,900 Active 598-char remark

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

14. 2025-12-04
    listed $49,900 Active 598-char remark

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

15. 2025-12-04
    listed $49,900 Active

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

16. 2025-12-04
    historical

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

17. 2025-12-04
    historical

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

18. 2025-12-04
    listed $49,900 Active

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

19. 2025-12-04
    historical

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

20. 2025-12-04
    historical

    Show marketing remark (598 chars)

    INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.

21. 2025-11-21
    price $59,900
22. 2025-11-21
    price $59,900
23. 2025-11-20
    price $59,900
24. 2025-11-20
    price $59,900
25. 2025-10-17
    price $66,900
26. 2025-10-16
    price $66,900
27. 2025-09-29
    listed $72,900 Active
28. 2025-09-29
    listed $72,900 Active
29. 2025-09-29
    listed $72,900 Active
30. 2025-09-29
    listed $72,900 Active
31. 2021-07-29
    soldstatus $47,000 Sold
32. 2021-07-29
    soldstatus $47,000 Closed
33. 2021-06-29
    status Pending
34. 2021-06-29
    status Pending
35. 2021-06-23
    status Active
36. 2021-06-23
    status Active
37. 2021-06-10
    status Pending
38. 2021-06-10
    status Pending
39. 2021-06-08
    listed $50,000 Active
40. 2021-06-08
    listed $50,000 Active
41. 2000-07-10
    soldstatus $26,000

ⓘ 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: $1,834 · $153/mo
• Projected year-2 tax: $1,834 · $153/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 ≥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: $15,282
• − Mortgage interest: −$2,795
• − Property taxes: −$1,834
• − Insurance: −$250
• − Repairs & maintenance: −$1,223
• − Management: −$1,223
• − Depreciation: −$1,452
• Taxable income: $6,507
• Est. tax owed @ 24.0%: −$1,562
• After-tax cash flow: $5,287/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

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 (94%)
• Race & ethnicity: Black 94% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

+91.9% since first listed

29 events — show timeline

• 2025-12-04 Listed $49,900 REALCOMP
• 2025-12-04 Listed $49,900 REALCOMP
• 2025-12-04 Listing Removed — REALCOMP
• 2025-12-04 Listing Removed — REALCOMP
• 2025-12-04 Listed $49,900 MiRealSource-MiMLS
• 2025-12-04 Listing Removed — MiRealSource-MiMLS
• 2025-12-04 Listing Removed — MiRealSource-MiMLS
• 2025-12-04 Listed $49,900 MiRealSource-MiMLS
• 2025-11-21 Price Changed $59,900 MiRealSource-MiMLS
• 2025-11-21 Price Changed $59,900 MiRealSource-MiMLS
• 2025-11-20 Price Changed $59,900 REALCOMP
• 2025-11-20 Price Changed $59,900 REALCOMP
• 2025-10-17 Price Changed $66,900 MiRealSource-MiMLS
• 2025-10-16 Price Changed $66,900 REALCOMP
• 2025-09-29 Listed $72,900 REALCOMP
• 2025-09-29 Listed $72,900 REALCOMP
• 2025-09-29 Listed $72,900 MiRealSource-MiMLS
• 2025-09-29 Listed $72,900 MiRealSource-MiMLS
• 2021-07-29 Sold (MLS) $47,000 MiRealSource-MiMLS
• 2021-07-29 Sold (MLS) $47,000 REALCOMP
• 2021-06-29 Pending — MiRealSource-MiMLS
• 2021-06-29 Pending — REALCOMP
• 2021-06-23 Relisted — MiRealSource-MiMLS
• 2021-06-23 Relisted — REALCOMP
• 2021-06-10 Pending — MiRealSource-MiMLS
• 2021-06-10 Pending — REALCOMP
• 2021-06-08 Listed $50,000 MiRealSource-MiMLS
• 2021-06-08 Listed $50,000 REALCOMP
• 2000-07-10 Sold (Public Records) $26,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $1,834 · -9.9% YoY. Source: county tax records.