11696 Glastonbury Ave · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
- 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
$62,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don't miss out on this affordable, high-potential property - schedule a showing today!
Key facts
- 48228 zip code
- Vibrant community
- Minutes from parks
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $62k.
Deal economics
- At list price, monthly cash flow is $449 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $62k).
- Cap rate 15.0% 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 soft (-2.3%/yr); 363 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 $1,160/mo this rent would consume 45% 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 $429 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 + 0.0% rent growth), your $17k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
- 4 sale attempts; this cycle's ask has dropped $17k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.87% ✓
- Cap rate
- 14.99%
- Cash-on-cash
- 31.06%
- DSCR
- 2.38
- GRM
- 4.5
CMA / ARV
- ARV (median comp)
- $40,629
- List price
- $62,000
- Delta
- 52.60%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 11697 Stahelin Ave | 0.09mi | 2/1.0 | 774 (+3%) | 15mo | $16,000 | $21 | 78 |
| 11738 Greenview Ave | 0.07mi | 2/1.0 | 692 (-8%) | 12mo | $43,000 | $62 | 74 |
| 11355 Artesian St | 0.26mi | 2/1.5 | 744 (-1%) | 15mo | $20,000 | $27 | 72 |
| 12876 Faust Ave | 0.66mi | 2/1.0 | 760 (+1%) | 2mo | $44,999 | $59 | 65 |
| 11720 Minock St | 0.44mi | 3/1.5 (+1) | 771 (+3%) | 5mo | $95,000 | $123 | 64 |
| 12900 Faust Ave | 0.69mi | 2/1.0 | 735 (-2%) | 6mo | $18,500 | $25 | 60 |
| 9617 Stahelin Ave | 0.49mi | 2/1.5 | 760 (+1%) | 16mo | $60,000 | $79 | 60 |
| 9950 Memorial St | 0.72mi | 3/1.0 (+1) | 746 (-0%) | 7mo | $5,500 | $7 | 54 |
| 11329 Minock St | 0.52mi | 3/1.0 (+1) | 816 (+9%) | 4mo | $50,000 | $61 | 53 |
| 9962 Evergreen Ave | 0.72mi | 3/1.0 (+1) | 762 (+2%) | 16mo | $52,000 | $68 | 45 |
| 12203 Grandmont Ave | 0.75mi | 3/1.5 (+1) | 861 (+15%) | 1mo | $95,000 | $110 | 33 |
| 11414 Abington Ave | 0.70mi | 3/1.0 (+1) | 849 (+13%) | 10mo | $100,000 | $118 | 32 |
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
- IRR
- 22.3%
- Equity multiple
- 1.88×
- Total profit
- $15,217
- Equity at exit
- $9,244
- IRR
- 28.2%
- Equity multiple
- 3.14×
- Total profit
- $37,137
- Equity at exit
- $5,361
Cash invested: $17,360 (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
ZIP-level market 48228
- Rents YoY
- -2.3%
- Active inventory
- 363
- Price-to-rent
- 4.5×
Monthly cashflow live
- Estimated rent
- $1,160 high interval (Pro) →
- Mortgage (P&I)
- −$325
- Tax from tax record
- −$116 /mo · $1,391/yr
- Insurance
- −$26
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$244
- Net cashflow
- $449
Break-even live
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
- $15,500
- Closing costs
- $1,860
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 16d | 1 | 0.17mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 1d | 15 | 0.63mi |
| 12875 Faust Ave Detroit, MI | 2.0 | 1.0 | 735 | $1,200 | $1.63 | 5d | 1 | 0.63mi |
| 12084 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 16d | 1 | 0.69mi |
| 12950 Glastonbury Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 24d | 1 | 0.69mi |
| 12611 Memorial St Unit 629203 Detroit, MI | 1.0 | 1.0 | 635 | $995 | $1.57 | 24d | 1 | 0.70mi |
| 12611 Memorial St Unit 629104 Detroit, MI | 1.0 | 1.0 | 700 | $995 | $1.42 | 43d | 1 | 0.70mi |
| 12941 Penrod St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 43d | 1 | 0.70mi |
| 13514 Stahelin Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 0.73mi |
| 12944 Rosemont Ave Detroit, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 5d | 1 | 0.73mi |
| 19050 W Davison St Detroit, MI | 3.0 | 1.0 | 1118 | $1,400 | $1.25 | 43d | 1 | 0.74mi |
| 19449 W Chicago St Detroit, MI | 3.0 | 1.5 | 950 | $1,500 | $1.58 | 43d | 1 | 0.77mi |
| 13591 Faust Ave Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 43d | 1 | 0.80mi |
| 12711 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 0.87mi |
| 11652 Fielding St Detroit, MI | 3.0 | 1.0 | 1000 | $1,386 | $1.39 | 43d | 1 | 0.87mi |
| 13600 Southfield Fwy Detroit, MI | 2.0 | 1.0 | 848 | $1,100 | $1.30 | 5d | 1 | 0.89mi |
| 9090 Stahelin Ave Detroit, MI | 2.0 | 1.0 | 787 | $1,250 | $1.59 | 43d | 1 | 0.91mi |
| 12840 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 43d | 1 | 0.95mi |
| 9108 Archdale St Detroit, MI | 3.0 | 1.0 | 1000 | $1,300 | $1.30 | 5d | 1 | 0.99mi |
| 13500 Heyden St Detroit, MI | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 43d | 1 | 1.02mi |
| 20237 W Chicago Detroit, MI | 1.0 | 1.0 | 650 | $850 | $1.31 | 43d | 1 | 1.02mi |
| 8850 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 933 | $1,100 | $1.18 | 18d | 1 | 1.09mi |
| 20522 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 43d | 1 | 1.10mi |
| 20550 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.11mi |
| 20529 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.11mi |
| 9401 Fielding St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.12mi |
| 20541 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.12mi |
| 20545 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.13mi |
| 20547 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.13mi |
| 9410 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.13mi |
| 9404 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 1.14mi |
| 18401 Joy Rd Unit 8 Detroit, MI | 1.0 | 1.0 | 600 | $875 | $1.46 | 43d | 1 | 1.15mi |
| 20619 W Chicago Detroit, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 43d | 1 | 1.16mi |
| 19301 Joy Rd Apt 1 Detroit, MI | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 43d | 1 | 1.19mi |
| 12121 Montrose St Detroit, MI | 3.0 | 1.0 | 874 | $1,373 | $1.57 | 22d | 1 | 1.22mi |
| 9345 Rutherford St Unit 3 Detroit, MI | 2.0 | 1.0 | 850 | $1,050 | $1.24 | 24d | 1 | 1.27mi |
| 14347 Westwood St Detroit, MI | 2.0 | 1.0 | 706 | $1,200 | $1.70 | 24d | 1 | 1.31mi |
| 9936 Montrose St Detroit, MI | 3.0 | 1.0 | 963 | $1,200 | $1.25 | 16d | 1 | 1.31mi |
| 14258 Plainview Ave Detroit, MI | 3.0 | 1.0 | 918 | $1,200 | $1.31 | 43d | 1 | 1.31mi |
| 8451 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 867 | $1,150 | $1.33 | 43d | 1 | 1.33mi |
Listing history 21 events
-
2026-06-18days on market $62,000 Active 3 DOM
-
2026-06-17days on market $62,000 Active 2 DOM
-
2026-06-16statusdays on market $62,000 Active 1 DOM
-
2026-06-07statusdays on market $62,000 Pending 367 DOM
-
2026-06-04days on market $62,000 Active 366 DOM
-
2026-06-03days on market $62,000 Active 365 DOM
-
2026-06-01days on market $62,000 Active 363 DOM
-
2026-05-31days on market $62,000 Active 362 DOM
-
2026-04-21price $62,000 577-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2026-04-21price $62,000 588-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2026-03-24status Active 577-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2026-03-24status Active 588-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2026-03-03status Pending 577-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2026-03-03status Pending 588-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2026-01-24price $65,000 577-char remark
Show marketing remark (577 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don't miss out on this affordable, high-potential property - schedule a showing today!
-
2026-01-23price $65,000 588-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2025-10-31price $70,000 577-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2025-10-31price $70,000 588-char remark
Show marketing remark (588 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don’t miss out on this affordable, high-potential property—schedule a showing today!
-
2025-05-13$79,000 Active 588-char remark
Show marketing remark (577 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don't miss out on this affordable, high-potential property - schedule a showing today!
-
2025-05-13$79,000 Active 577-char remark
Show marketing remark (577 chars)
Discover this beautifully updated 2-bedroom, 1-bath home in the desirable 48228 zip code, nestled in a friendly, family-oriented neighborhood. Ideal for first-time homebuyers or savvy investors, . The spacious layout offers plenty of room for comfortable living or rental potential, making it a fantastic opportunity for generating strong rental income. Located just minutes from schools, parks, and local amenities, this home combines convenience with charm in a vibrant Detroit community. Don't miss out on this affordable, high-potential property - schedule a showing today!
-
2019-08-08soldstatus $63,900
ⓘ 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
- $1,391 · $116/mo
- Projected year-2 tax
- $1,391 · $116/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 ≥98°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $13,918
- − Mortgage interest
- −$3,473
- − Property taxes
- −$1,391
- − Insurance
- −$310
- − Repairs & maintenance
- −$1,113
- − Management
- −$1,113
- − Depreciation
- −$1,804
- Taxable income
- $4,714
- Est. tax owed @ 24.0%
- −$1,131
- After-tax cash flow
- $4,261/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
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
- 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 |
|
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Price history
-3.0% since first listed13 events — show timeline
- 2026-04-21 Price Changed $62,000 MiRealSource-MiMLS
- 2026-04-21 Price Changed $62,000 REALCOMP
- 2026-03-24 Relisted — MiRealSource-MiMLS
- 2026-03-24 Relisted — REALCOMP
- 2026-03-03 Pending — MiRealSource-MiMLS
- 2026-03-03 Pending — REALCOMP
- 2026-01-24 Price Changed $65,000 MiRealSource-MiMLS
- 2026-01-23 Price Changed $65,000 REALCOMP
- 2025-10-31 Price Changed $70,000 MiRealSource-MiMLS
- 2025-10-31 Price Changed $70,000 REALCOMP
- 2025-05-13 Listed $79,000 REALCOMP
- 2025-05-13 Listed $79,000 MiRealSource-MiMLS
- 2019-08-08 Sold (Public Records) $63,900 Public Records
Property tax history
+2.1%/yrLatest (2025): $1,391 · -9.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…