20400 Packard St · Detroit, MI
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.68%
- 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 97°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
- 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
$80,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
Key facts
- 5,227 sq ft lot
- Garage
- Built 1941
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $80k.
Deal economics
- At list price, monthly cash flow is $521 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $80k).
- Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
- Cap rate 14.1% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $1,343/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 $553 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 + 6.7% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 38 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 2y 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 1941 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1941 — 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
- 1.68% ✓
- Cap rate
- 14.11%
- Cash-on-cash
- 27.92%
- DSCR
- 2.24
- GRM
- 5.0
CMA / ARV
- ARV (on-the-fly)
- $130,689
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 20136 Helen St | 0.23mi | 3/1.0 | 1,000 (-10%) | 2mo | $32,000 | $32 | 70 |
| 7027 Meadow Ave | 0.58mi | 3/1.0 | 1,112 (-0%) | 5mo | $76,000 | $68 | 68 |
| 20000 Concord St | 0.35mi | 3/1.0 | 1,200 (+7%) | 4mo | $140,000 | $117 | 68 |
| 7643 Rivard Ave | 0.25mi | 3/1.0 | 980 (-12%) | 4mo | $124,900 | $127 | 65 |
| 19723 Carrie St | 0.43mi | 3/1.0 | 1,020 (-9%) | 2mo | $85,000 | $83 | 64 |
| 7244 Fisher Ave | 0.30mi | 4/1.0 (+1) | 1,014 (-9%) | 3mo | $154,900 | $153 | 63 |
| 7003 Rivard Ave | 0.29mi | 3/1.0 | 955 (-14%) | 4mo | $102,000 | $107 | 59 |
| 8441 Fisher Ave | 0.57mi | 3/1.0 | 992 (-11%) | 2mo | $125,000 | $126 | 53 |
| 8434 Orchard Ave | 0.73mi | 3/1.0 | 1,012 (-9%) | 1mo | $125,000 | $124 | 49 |
| 8212 E Lantz St | 0.66mi | 3/1.0 | 989 (-12%) | 2mo | $60,000 | $61 | 49 |
| 8286 Westminster Ave | 0.57mi | 3/2.5 | 1,250 (+12%) | 2mo | $250,000 | $200 | 46 |
| 7551 Toepfer Rd | 0.67mi | 2/1.0 (-1) | 1,000 (-10%) | 6mo | $85,800 | $86 | 42 |
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
- IRR
- 26.2%
- Equity multiple
- 2.14×
- Total profit
- $25,453
- Equity at exit
- $11,928
- IRR
- 36.0%
- Equity multiple
- 4.93×
- Total profit
- $88,054
- Equity at exit
- $6,917
Cash invested: $22,400 (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 48234
- Home prices YoY
- -11.9%
- Rents YoY
- 6.7%
- Active inventory
- 226
- Price-to-rent
- 5.0×
Monthly cashflow live
- Estimated rent
- $1,343 high interval (Pro) →
- Mortgage (P&I)
- −$420
- Tax from tax record
- −$87 /mo · $1,045/yr
- Insurance
- −$33
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$282
- Net cashflow
- $521
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
- $20,000
- Closing costs
- $2,400
- 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 |
|---|---|---|---|---|---|---|---|---|
| 20042 Rogge St Detroit, MI | 4.0 | 2.0 | 1232 | $1,394 | $1.13 | 44d | 1 | 0.20mi |
| 19691 Cliff St #1 Detroit, MI | 2.0 | 1.0 | 850 | $1,050 | $1.24 | 5d | 1 | 0.41mi |
| 8242 Jackson Ave Warren, MI | 3.0 | 1.0 | 840 | $1,198 | $1.43 | 44d | 1 | 0.43mi |
| 8285 Rivard Ave Warren, MI | 3.0 | 1.0 | 902 | $1,549 | $1.72 | 24d | 1 | 0.44mi |
| 7060 Victory Ave Warren, MI | 3.0 | 1.0 | 945 | $1,450 | $1.53 | 11d | 1 | 0.51mi |
| 7043 Meadow Ave Warren, MI | 2.0 | 1.0 | 911 | $1,274 | $1.40 | 44d | 1 | 0.59mi |
| 8065 Meadow Ave Warren, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 24d | 1 | 0.60mi |
| 8162 Orchard Ave Warren, MI | 2.0 | 1.0 | 900 | $1,000 | $1.11 | 44d | 1 | 0.66mi |
| 7511 Toepfer Rd Warren, MI | 3.0 | 1.0 | 1032 | $1,199 | $1.16 | 22d | 1 | 0.68mi |
| 7275 Chalmers Ave Warren, MI | 2.0 | 1.0 | 703 | $1,200 | $1.71 | 24d | 1 | 0.73mi |
| 19171 Cliff St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 0.76mi |
| 7568 Hudson Ave Unit 2 Warren, MI | 2.0 | 1.0 | 1415 | $900 | $0.64 | 5d | 1 | 0.81mi |
| 7568 Hudson Ave Unit 1 Warren, MI | 3.0 | 1.0 | 1415 | $1,100 | $0.78 | 5d | 1 | 0.81mi |
| 8251 Hudson Ave Warren, MI | 3.0 | 1.0 | 908 | $1,400 | $1.54 | 24d | 1 | 0.89mi |
| 11228 Sherman Ave Warren, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 13d | 1 | 0.90mi |
| 8640 Chalmers Ave Warren, MI | 3.0 | 1.0 | 804 | $1,423 | $1.77 | 24d | 1 | 0.90mi |
| 8632 Studebaker Ave Warren, MI | 3.0 | 1.0 | 761 | $1,300 | $1.71 | 3d | 1 | 0.94mi |
| 19415 Gable St Detroit, MI | 3.0 | 1.0 | 1000 | $1,373 | $1.37 | 24d | 1 | 0.96mi |
| 20263 Caldwell St Detroit, MI | 3.0 | 1.0 | 909 | $1,350 | $1.49 | 17d | 1 | 1.01mi |
| 7533 Quinn St Unit 1 Detroit, MI | 2.0 | 1.0 | 700 | $850 | $1.21 | 44d | 1 | 1.02mi |
| 11377 Sherman Ave Warren, MI | 3.0 | 1.0 | 1200 | $1,400 | $1.17 | 24d | 1 | 1.03mi |
| 21456 Syracuse Ave Warren, MI | 3.0 | 1.0 | 1152 | $1,595 | $1.38 | 2d | 1 | 1.08mi |
| 21456 Syracuse Ave Warren, MI | 3.0 | 1.0 | 1160 | $1,595 | $1.38 | 44d | 1 | 1.08mi |
| 11076 Hudson Ave Warren, MI | 3.0 | 1.0 | 936 | $1,395 | $1.49 | 3d | 1 | 1.10mi |
| 21465 Syracuse Ave Warren, MI | 3.0 | 1.0 | 990 | $1,375 | $1.39 | 44d | 1 | 1.10mi |
| 20058 Bloom St Detroit, MI | 4.0 | 1.0 | 1350 | $1,450 | $1.07 | 17d | 1 | 1.11mi |
| 11319 Chalmers Ave Warren, MI | 3.0 | 1.0 | 975 | $1,500 | $1.54 | 24d | 1 | 1.15mi |
| 21410 Panama St Warren, MI | 3.0 | 1.0 | 900 | $1,600 | $1.78 | 24d | 1 | 1.16mi |
| 19260 Bloom St Detroit, MI | 3.0 | 1.0 | 1100 | $1,350 | $1.23 | 4d | 1 | 1.28mi |
| 20290 Annott St Detroit, MI | 3.0 | 1.0 | 1300 | $1,250 | $0.96 | 17d | 1 | 1.31mi |
| 20794 Audrey Ave Warren, MI | 3.0 | 1.0 | 954 | $1,350 | $1.42 | 44d | 1 | 1.31mi |
| 19361 Moenart St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 24d | 1 | 1.32mi |
| 8509 Paige Ave Warren, MI | 3.0 | 1.0 | 950 | $1,300 | $1.37 | 24d | 1 | 1.34mi |
| 11099 Dodge Ave Warren, MI | 2.0 | 1.0 | 1190 | $1,150 | $0.97 | 20d | 1 | 1.37mi |
| 8693 Paige Ave Warren, MI | 3.0 | 1.0 | 900 | $1,300 | $1.44 | 24d | 1 | 1.39mi |
| 18884 Bloom St Detroit, MI | 3.0 | 1.0 | 979 | $975 | $1.00 | 22d | 1 | 1.41mi |
| 18884 Bloom St Detroit, MI | 3.0 | 1.0 | 979 | $975 | $1.00 | 44d | 1 | 1.41mi |
| 11359 Maxwell Ave Unit 11359 Warren, MI | 2.0 | 1.0 | 900 | $1,000 | $1.11 | 4d | 1 | 1.42mi |
| 19450 Fenelon St Detroit, MI | 3.0 | 1.0 | 1062 | $1,384 | $1.30 | 5d | 1 | 1.43mi |
| 8636 Republic Ave Warren, MI | 2.0 | 1.0 | 800 | $1,250 | $1.56 | 15d | 1 | 1.44mi |
Listing history 25 events
-
2025-12-15status Pending
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-12-15status Pending 596-char remark
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-12-02historical Accepting Backup Offers 596-char remark
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-12-02historical Active Under Contract
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-11-07status Active
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-11-07status Active 596-char remark
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-03-21status Pending
-
2025-03-20status Pending
-
2025-03-18historical
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-03-18historical 596-char remark
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-03-18historical
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-03-18historical
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2025-03-16historical Active Under Contract
-
2025-03-16historical Accepting Backup Offers
-
2025-03-07status Active
-
2025-03-07status Active
-
2024-12-17status Pending
-
2024-12-06status Pending
-
2024-12-06status Pending
-
2024-11-20historical Accepting Backup Offers
-
2024-11-20historical Accepting Backup Offers
-
2024-11-12$80,000
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2024-11-12$80,000 596-char remark
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2024-11-12$80,000 Active
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
-
2024-11-12$80,000 Active
Show marketing remark (596 chars)
Step into the possibilities of this charming property that is eagerly awaiting its new owner! This home is a fantastic opportunity for first-time buyers or those looking to expand their investment portfolio. While it does require some tender loving care to bring out its full potential, just imagine the beauty it could become with a little effort and creativity. This is a probate sale, and the sellers are highly motivated to close a deal. Don't let this chance slip away, make us an offer that we can't refuse! For further details and to explore this opportunity, please reach out to Jermaine.
ⓘ 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
- $1,045 · $87/mo
- Projected year-2 tax
- $1,138 · $95/mo
- Expected delta
- +$94/yr (+$8/mo · 9.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 6/10 Major FEMA zone X (unshaded) · 68% 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,117
- − Mortgage interest
- −$4,481
- − Property taxes
- −$1,045
- − Insurance
- −$400
- − Repairs & maintenance
- −$1,289
- − Management
- −$1,289
- − Depreciation
- −$2,327
- Taxable income
- $5,285
- Est. tax owed @ 24.0%
- −$1,268
- After-tax cash flow
- $4,985/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)
- 32,760
- Household income
- $35,322
- Rent vs 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+0.0% since first listed25 events — show timeline
- 2025-12-15 Pending — REALCOMP
- 2025-12-15 Pending — MiRealSource-MiMLS
- 2025-12-02 Contingent — MiRealSource-MiMLS
- 2025-12-02 Contingent — REALCOMP
- 2025-11-07 Relisted — REALCOMP
- 2025-11-07 Relisted — MiRealSource-MiMLS
- 2025-03-21 Pending — REALCOMP
- 2025-03-20 Pending — MiRealSource-MiMLS
- 2025-03-18 Listing Removed — MiRealSource-MiMLS
- 2025-03-18 Listing Removed — REALCOMP
- 2025-03-18 Listing Removed — MiRealSource-MiMLS
- 2025-03-18 Listing Removed — REALCOMP
- 2025-03-16 Contingent — REALCOMP
- 2025-03-16 Contingent — MiRealSource-MiMLS
- 2025-03-07 Relisted — MiRealSource-MiMLS
- 2025-03-07 Relisted — REALCOMP
- 2024-12-17 Pending — REALCOMP
- 2024-12-06 Pending — MiRealSource-MiMLS
- 2024-12-06 Pending — REALCOMP
- 2024-11-20 Contingent — MiRealSource-MiMLS
- 2024-11-20 Contingent — REALCOMP
- 2024-11-12 Listed $80,000 MiRealSource-MiMLS
- 2024-11-12 Listed $80,000 REALCOMP
- 2024-11-12 Listed $80,000 MiRealSource-MiMLS
- 2024-11-12 Listed $80,000 REALCOMP
Property tax history
-4.0%/yrLatest (2025): $1,045 · -53.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…