19274 Mitchell St · Detroit, MI 48234

$45,000

3 bd · 1.0 ba · 1,388 sqft · SingleFamily public records

Built 1949 4,792 sqft lot Est $74k · 39% 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
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

Key facts

• 4,792 sq ft lot
• Built 1949

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $710 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Cap rate 25.2% 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 (+6.7%/yr); 226 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,340/mo this rent would consume 46% of the median local household income ($35k/yr) (locally 2372% 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 $311 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 + 6.7% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 19y 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.
• Current owner paid $30k; list at $45k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $45,000

Questions for the listing agent

1. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.98% ✓
• Cap rate: 25.22%
• Cash-on-cash: 67.60%
• DSCR: 4.01
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $73,564
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19418 Gallagher St	0.16mi	3/1.0	1,336 (-4%)	4mo	$52,000	$39	83
19626 Mackay St	0.27mi	3/1.0	1,414 (+2%)	7mo	$33,000	$23	78
19031 Klinger St	0.25mi	3/1.5	1,415 (+2%)	7mo	$55,000	$39	77
19155 Gallagher St	0.14mi	3/1.5	1,208 (-13%)	0mo	$129,900	$108	69
19364 Norwood St	0.27mi	2/1.0 (-1)	1,296 (-7%)	4mo	$20,000	$15	68
19942 Saint Aubin St	0.62mi	3/1.0	1,350 (-3%)	4mo	$38,000	$28	64
2339 E Outer Dr	0.52mi	3/2.5	1,324 (-5%)	4mo	$154,000	$116	58
20138 Norwood St	0.59mi	3/1.5	1,286 (-7%)	4mo	$82,600	$64	54
19948 Mitchell St	0.40mi	3/1.0	1,212 (-13%)	8mo	$118,000	$97	54
20450 Gallagher St	0.72mi	3/1.0	1,291 (-7%)	1mo	$45,000	$35	54
19440 Dean St	0.54mi	3/1.0	1,238 (-11%)	6mo	$65,000	$53	52
18057 Fleming st St	0.71mi	4/2.0 (+1)	1,250 (-10%)	7mo	$127,000	$102	35

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 71.3%
• Equity multiple: 4.43×
• Total profit: $43,163
• Equity at exit: $6,710

10-year hold

• IRR: 76.4%
• Equity multiple: 10.45×
• Total profit: $119,023
• Equity at exit: $3,891

Cash invested: $12,600 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,340 high
• Mortgage (P&I): −$236
• Tax from tax record: −$94 /mo · $1,127/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $710

Break-even live

Break-even rent $441

Max offer price $45,000

Occupancy floor 42%

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19360 Revere St Detroit, MI	3.0	1.0	1050	$1,250	$1.19	24d	1	0.23mi
19694 Gallagher St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	14d	1	0.31mi
19450 Norwood St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	4d	1	0.31mi
18666 Joseph Campau St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	16d	1	0.32mi
19458 Binder St Detroit, MI	3.0	1.5	1550	$1,500	$0.97	3d	1	0.45mi
18629 Fleming St Detroit, MI	3.0	1.5	900	$1,150	$1.28	24d	1	0.51mi
18557 Wexford St Detroit, MI	3.0	1.0	1216	$1,250	$1.03	24d	1	0.51mi
20000 Norwood St Detroit, MI	3.0	1.5	1150	$1,200	$1.04	24d	1	0.53mi
19995 Goddard St Detroit, MI	4.0	1.0	1292	$1,400	$1.08	21d	1	0.55mi
19930 Binder St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	16d	1	0.57mi
18882 Marx St Highland Park, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	0.64mi
18551 Saint Aubin St Detroit, MI	3.0	1.0	962	$1,200	$1.25	16d	1	0.65mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	16d	1	0.69mi
18503 Riopelle St Highland Park, MI	3.0	1.0	1254	$1,250	$1.00	4d	1	0.88mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	4d	1	0.95mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	43d	1	1.00mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	43d	1	1.09mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	23d	1	1.10mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	1d	1	1.11mi
18677 Moenart St Detroit, MI	2.0	1.0	1470	$1,200	$0.82	43d	1	1.14mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	4d	1	1.18mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	21d	1	1.19mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	43d	1	1.19mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	16d	1	1.30mi
1301 E Muir Ave Hazel Park, MI	3.0	2.0	1236	$1,600	$1.29	21d	1	1.34mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	21d	1	1.36mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	43d	1	1.37mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	16d	1	1.43mi
19703 Keating St Highland Park, MI	3.0	1.0	1000	$1,200	$1.20	16d	1	1.49mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	1.49mi

Listing history 28 events

1. 2026-05-07
   price $45,000

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

2. 2026-05-07
   historical 540-char remark

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

3. 2026-05-07
   historical

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

4. 2026-05-06
   historical

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

5. 2026-05-06
   status Active

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

6. 2026-05-06
   price $45,000

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

7. 2026-05-06
   listed $45,000 540-char remark

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

8. 2026-05-06
   listed $45,000

   Show marketing remark (540 chars)

   Solid brick corner-lot home with great bones and tons of potential in Detroit's Pershing neighborhood - just north of E 7 Mile and east of Conant. Classic 3-bed/1-bath layout with approximately 1,388 sq ft (public record), built 1949. Bring your vision to refresh and restore; being sold as-is. Nice block and convenient access to major corridors, shopping, and services. Ideal opportunity for an investor or homeowner looking to add value. This property is part of a probate estate. All offers and sale terms are subject to court approval.

9. 2026-03-27
   status Pending
10. 2026-03-27
    historical
11. 2025-10-07
    status Pending
12. 2025-10-07
    status Pending
13. 2025-10-01
    historical
14. 2025-10-01
    historical
15. 2025-09-23
    listed $49,900 Active
16. 2025-09-23
    listed $49,900 Active
17. 2017-08-01
    historical
18. 2017-08-01
    historical
19. 2017-06-07
    price $27,600
20. 2017-06-07
    price $27,600
21. 2017-06-06
    listed $26,500 Active
22. 2017-06-06
    listed $26,500 Active
23. 2011-12-31
    historical
24. 2011-12-31
    historical
25. 2011-06-11
    listed $4,500
26. 2011-06-11
    listed $4,500
27. 2007-06-08
    soldstatus $30,000
28. 2007-01-18
    listed $37,900

ⓘ 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: $1,127 · $94/mo
• Projected year-2 tax: $1,127 · $94/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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,078
• − Mortgage interest: −$2,521
• − Property taxes: −$1,127
• − Insurance: −$225
• − Repairs & maintenance: −$1,286
• − Management: −$1,286
• − Depreciation: −$1,309
• Taxable income: $8,324
• Est. tax owed @ 24.0%: −$1,998
• After-tax cash flow: $6,520/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+18.7% since first listed

28 events — show timeline

• 2026-05-07 Price Changed $45,000 MiRealSource-MiMLS
• 2026-05-07 Listing Removed — REALCOMP
• 2026-05-07 Listing Removed — MiRealSource-MiMLS
• 2026-05-06 Listing Removed — MiRealSource-MiMLS
• 2026-05-06 Relisted — REALCOMP
• 2026-05-06 Price Changed $45,000 REALCOMP
• 2026-05-06 Listed $45,000 REALCOMP
• 2026-05-06 Listed $45,000 MiRealSource-MiMLS
• 2026-03-27 Pending — REALCOMP
• 2026-03-27 Listing Removed — REALCOMP
• 2025-10-07 Pending — MiRealSource-MiMLS
• 2025-10-07 Pending — REALCOMP
• 2025-10-01 Listing Removed — REALCOMP
• 2025-10-01 Listing Removed — MiRealSource-MiMLS
• 2025-09-23 Listed $49,900 REALCOMP
• 2025-09-23 Listed $49,900 MiRealSource-MiMLS
• 2017-08-01 Listing Removed — MiRealSource-MiMLS
• 2017-08-01 Listing Removed — REALCOMP
• 2017-06-07 Price Changed $27,600 MiRealSource-MiMLS
• 2017-06-07 Price Changed $27,600 REALCOMP
• 2017-06-06 Listed $26,500 MiRealSource-MiMLS
• 2017-06-06 Listed $26,500 REALCOMP
• 2011-12-31 Listing Removed — REALCOMP
• 2011-12-31 Listing Removed — MiRealSource-MiMLS
• 2011-06-11 Listed $4,500 REALCOMP
• 2011-06-11 Listed $4,500 MiRealSource-MiMLS
• 2007-06-08 Sold (MLS) $30,000 REALCOMP
• 2007-01-18 Listed $37,900 REALCOMP

Property tax history

+11.5%/yr

Latest (2025): $1,127 · -53.9% YoY. Source: county tax records.