14537 Washburn 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 D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +15.0/30.0
- ARV discount +7.5/15.0
- 1% rule +5.0/10.0
- DSCR +5.0/10.0
- 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
$19,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
Key facts
- Solid foundation
- Classic layout
- 3,485 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $20k.
Deal economics
- At list price, monthly cash flow is $794 ($10k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $20k).
- Recommended offer: $20k (1.5% below list) — sets the bar for market timing.
- Cap rate 54.1% 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 (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).
- This rent runs 44% of the median local income ($33k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $138 of loan paydown is wiped out by about $597 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 $6k cash investment doubles in ~1 year — after that, you're playing with house money.
Negotiation context
- It's been on market 27 days — a 2% lower offer ($20k) is reasonable based on typical stale-listing flexibility.
- 10 sale attempts since 24y ago; this cycle's ask has dropped $5k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 4.1% of price; built in 1925 — 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
- Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 6.19% ✓
- Cap rate
- 54.15%
- Cash-on-cash
- 170.91%
- DSCR
- 8.60
- GRM
- 1.3
CMA / ARV
- ARV (median comp)
- $51,821
- List price
- $19,900
- Delta
- -59.67%
- Verdict
- UNDERPRICED
- Comps
- 12 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 8539 Desoto St | 0.44mi | 3/1.0 | 988 (-3%) | 3mo | $31,529 | $32 | 72 |
| 14249 Cloverlawn St | 0.49mi | 3/1.0 | 1,035 (+2%) | 5mo | $69,000 | $67 | 71 |
| 14929 Birwood St | 0.32mi | 3/2.0 | 999 (-2%) | 13mo | $65,000 | $65 | 67 |
| 8731 Chalfonte St | 0.35mi | 3/1.0 | 1,089 (+7%) | 10mo | $24,000 | $22 | 64 |
| 14892 Ilene St | 0.24mi | 3/1.0 | 1,100 (+8%) | 14mo | $77,000 | $70 | 64 |
| 8598 Ellsworth St | 0.47mi | 4/1.0 (+1) | 1,006 (-1%) | 8mo | $20,000 | $20 | 64 |
| 14677 Cloverlawn Ave | 0.44mi | 3/1.5 | 900 (-12%) | 1mo | $20,000 | $22 | 57 |
| 14628 Ohio St | 0.30mi | 4/1.5 (+1) | 1,129 (+11%) | 9mo | $50,000 | $44 | 53 |
| 15061 Pinehurst St | 0.46mi | 2/1.0 (-1) | 970 (-5%) | 15mo | $85,000 | $88 | 53 |
| 14014 Washburn St | 0.39mi | 2/1.0 (-1) | 876 (-14%) | 3mo | $17,000 | $19 | 51 |
| 13558 Pinehurst St | 0.66mi | 4/1.0 (+1) | 1,099 (+8%) | 2mo | $135,000 | $123 | 50 |
| 14871 NE Cheyenne St NW | 0.75mi | 3/1.0 | 878 (-14%) | 13mo | $69,000 | $79 | 31 |
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
- IRR
- —
- Equity multiple
- 10.22×
- Total profit
- $51,382
- Equity at exit
- $2,967
- IRR
- —
- Equity multiple
- 23.90×
- Total profit
- $127,589
- Equity at exit
- $1,721
Cash invested: $5,572 (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 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 346
- Price-to-rent
- 1.3×
Monthly cashflow live
- Estimated rent
- $1,232 high interval (Pro) →
- Mortgage (P&I)
- −$104
- Tax from tax record
- −$67 /mo · $809/yr
- Insurance
- −$8
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$259
- Net cashflow
- $794
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
- $4,975
- Closing costs
- $597
- 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 |
|---|---|---|---|---|---|---|---|---|
| 14881 Mendota St Detroit, MI | 3.0 | 1.0 | 1026 | $1,100 | $1.07 | 24d | 1 | 0.30mi |
| Ohio St Unit 4 Detroit, MI | 4.0 | 1.5 | 1400 | $750 | $0.54 | 43d | 1 | 0.30mi |
| 14570 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 840 | $1,250 | $1.49 | 12d | 1 | 0.36mi |
| 14242 Ohio St Detroit, MI | 4.0 | 1.0 | 1400 | $1,000 | $0.71 | 43d | 1 | 0.39mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 16d | 1 | 0.41mi |
| 13965 Mendota St Detroit, MI | 3.0 | 1.0 | 1222 | $1,294 | $1.06 | 17d | 1 | 0.50mi |
| 14656 Roselawn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 0.52mi |
| 13979 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 1296 | $1,334 | $1.03 | 20d | 1 | 0.55mi |
| 13620 Kentucky St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 4d | 1 | 0.58mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 17d | 1 | 0.64mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 1d | 1 | 0.64mi |
| 15512 Mendota St Apt 2 Detroit, MI | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 43d | 1 | 0.71mi |
| 15512 Mendota St Detroit, MI | 2.0 | 1.0 | 931 | $1,200 | $1.29 | 4d | 1 | 0.71mi |
| 15708 Birwood St Detroit, MI | 3.0 | 1.0 | 1255 | $1,100 | $0.88 | 4d | 1 | 0.72mi |
| 15388 Appoline St #203 Detroit, MI | 2.0 | 1.0 | 900 | $850 | $0.94 | 43d | 1 | 0.72mi |
| 14847 Cheyenne St Detroit, MI | 3.0 | 2.0 | 849 | $1,150 | $1.35 | 17d | 1 | 0.72mi |
| 15765 Washburn St Detroit, MI | 2.0 | 1.0 | 1093 | $950 | $0.87 | 43d | 1 | 0.76mi |
| 15457 Cloverlawn St Detroit, MI | 3.0 | 2.0 | 1500 | $1,275 | $0.85 | 24d | 1 | 0.77mi |
| 15777 Wisconsin St Unit 77 Detroit, MI | 2.0 | 1.0 | 900 | $950 | $1.06 | 4d | 1 | 0.82mi |
| 15760 Monte Vista St Detroit, MI | 2.0 | 1.0 | 1080 | $1,250 | $1.16 | 43d | 1 | 0.82mi |
| 15088 Littlefield St Detroit, MI | 2.0 | 1.0 | 1294 | $1,275 | $0.99 | 21d | 1 | 0.83mi |
| 15839 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 17d | 1 | 0.87mi |
| 14891 Hartwell St Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 43d | 1 | 0.90mi |
| 15878 Kentucky St Detroit, MI | 2.0 | 1.0 | 800 | $900 | $1.12 | 43d | 1 | 0.91mi |
| 15738 Sorrento Ave Detroit, MI | 3.0 | 1.0 | 762 | $1,175 | $1.54 | 43d | 1 | 0.93mi |
| 13620 Tuller St Detroit, MI | 4.0 | 1.0 | 1064 | $1,374 | $1.29 | 12d | 1 | 0.93mi |
| 2926 Ewald Cir Detroit, MI | 2.0 | 1.0 | 800 | $900 | $1.12 | 17d | 1 | 0.97mi |
| 15340 Hartwell St Detroit, MI | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 16d | 1 | 0.98mi |
| 15771 Turner St Detroit, MI | 2.0 | 1.0 | 1000 | $1,049 | $1.05 | 43d | 1 | 1.00mi |
| 14903 Tracey St Detroit, MI | 3.0 | 1.0 | 1004 | $1,100 | $1.10 | 16d | 1 | 1.01mi |
| 2690 Ewald Cir Detroit, MI | 1.0–2.0 | 1.0 | 750 | $900 | $1.20 | 24d | 4 | 1.01mi |
| 12703 Northlawn St Detroit, MI | 2.0 | 1.0 | 1365 | $1,053 | $0.77 | 20d | 1 | 1.02mi |
| 16183 Wisconsin St Detroit, MI | 3.0 | 1.5 | 1370 | $1,400 | $1.02 | 43d | 1 | 1.05mi |
| 16230 Indiana St Unit 2 Detroit, MI | 2.0 | 1.0 | 1050 | $1,200 | $1.14 | 17d | 1 | 1.09mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,000 | $0.91 | 24d | 1 | 1.11mi |
| 12468 Mendota St Detroit, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 43d | 1 | 1.11mi |
| 7350 Globe St Detroit, MI | 3.0 | 1.0 | 1000 | $1,550 | $1.55 | 3d | 1 | 1.12mi |
| 14284 Cruse St Detroit, MI | 3.0 | 1.0 | 1121 | $1,150 | $1.03 | 16d | 1 | 1.14mi |
| 15387 Lesure St Detroit, MI | 3.0 | 1.0 | 1064 | $1,350 | $1.27 | 12d | 1 | 1.17mi |
| 16204 Steel St Detroit, MI | 3.0 | 1.0 | 969 | $1,150 | $1.19 | 43d | 1 | 1.18mi |
Listing history 45 events
-
2026-06-18days on market $19,900 Active 27 DOM
-
2026-06-17days on market $19,900 Active 26 DOM
-
2026-06-15days on market $19,900 Active 24 DOM
-
2026-06-13days on market $19,900 Active 22 DOM
-
2026-06-13pricedays on market $19,900 Active 21 DOM
-
2026-06-09days on market $20,400 Active 18 DOM
-
2026-06-08days on market $20,400 Active 17 DOM
-
2026-06-07days on market $20,400 Active 16 DOM
-
2026-06-04days on market $20,400 Active 13 DOM
-
2026-06-03days on market $20,400 Active 12 DOM
-
2026-06-02days on market $20,400 Active 11 DOM
-
2026-06-01days on market $20,400 Active 10 DOM
-
2026-05-31days on market $20,400 Active 9 DOM
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2026-05-13price $20,400 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2026-05-13price $20,400 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2026-03-21price $20,900 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2026-03-21price $20,900 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2026-02-22price $21,900 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2026-02-21price $21,900 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2026-01-16price $22,500 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2026-01-15price $22,500 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
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2025-12-14price $22,900 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2025-12-13price $22,900 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2025-11-21$24,500 Active 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
-
2025-11-21$24,500 Active 598-char remark
Show marketing remark (598 chars)
This Detroit bungalow is a prime opportunity for recovation and value-add potential. Featuring 3 bedrooms and 2 full baths, this property offers a solid foundation for a fix-and-flip or long-term rental. With strong bones and a classic layout, it's ready for your vision and upgrades. Located in an up-and-coming neighborhood with increasing demand, this is the perfect project for savvy investors. Don't miss out on this affordable chance to create equity! The accuracy of all information, regardless of the source, is not guarenteed or warranted. All information should be independently verified.
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2025-11-14historical
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2025-11-14historical
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2025-10-11price $24,500
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2025-10-10price $24,500
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2025-05-28$26,500 Active
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2025-05-28$26,500 Active
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2024-08-23historical
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2024-08-23historical
-
2024-07-18price $28,900
-
2024-07-17price $28,900
-
2024-05-28$29,900 Active
-
2024-05-28$29,900 Active
-
2003-06-24historical
-
2003-04-18historical
-
2003-04-16$49,900
-
2003-03-31$54,500
-
2003-03-31historical
-
2003-03-31historical
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2003-03-31$59,900
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2002-12-24$59,900
ⓘ 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
- $809 · $67/mo
- Projected year-2 tax
- $809 · $67/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 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
- $14,790
- − Mortgage interest
- −$1,115
- − Property taxes
- −$809
- − Insurance
- −$100
- − Repairs & maintenance
- −$1,183
- − Management
- −$1,183
- − Depreciation
- −$579
- Taxable income
- $9,821
- Est. tax owed @ 24.0%
- −$2,357
- After-tax cash flow
- $7,166/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)
- 24,731
- Household income
- $33,315
- Rent vs 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 |
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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
-65.9% since first listed32 events — show timeline
- 2026-05-13 Price Changed $20,400 MiRealSource-MiMLS
- 2026-05-13 Price Changed $20,400 REALCOMP
- 2026-03-21 Price Changed $20,900 MiRealSource-MiMLS
- 2026-03-21 Price Changed $20,900 REALCOMP
- 2026-02-22 Price Changed $21,900 MiRealSource-MiMLS
- 2026-02-21 Price Changed $21,900 REALCOMP
- 2026-01-16 Price Changed $22,500 MiRealSource-MiMLS
- 2026-01-15 Price Changed $22,500 REALCOMP
- 2025-12-14 Price Changed $22,900 MiRealSource-MiMLS
- 2025-12-13 Price Changed $22,900 REALCOMP
- 2025-11-21 Listed $24,500 REALCOMP
- 2025-11-21 Listed $24,500 MiRealSource-MiMLS
- 2025-11-14 Listing Removed — MiRealSource-MiMLS
- 2025-11-14 Listing Removed — REALCOMP
- 2025-10-11 Price Changed $24,500 MiRealSource-MiMLS
- 2025-10-10 Price Changed $24,500 REALCOMP
- 2025-05-28 Listed $26,500 MiRealSource-MiMLS
- 2025-05-28 Listed $26,500 REALCOMP
- 2024-08-23 Listing Removed — MiRealSource-MiMLS
- 2024-08-23 Listing Removed — REALCOMP
- 2024-07-18 Price Changed $28,900 MiRealSource-MiMLS
- 2024-07-17 Price Changed $28,900 REALCOMP
- 2024-05-28 Listed $29,900 MiRealSource-MiMLS
- 2024-05-28 Listed $29,900 REALCOMP
- 2003-06-24 Listing Removed — REALCOMP
- 2003-04-18 Listing Removed — REALCOMP
- 2003-04-16 Listed $49,900 REALCOMP
- 2003-03-31 Listed $59,900 REALCOMP
- 2003-03-31 Listing Removed — REALCOMP
- 2003-03-31 Listing Removed — REALCOMP
- 2003-03-31 Listed $54,500 REALCOMP
- 2002-12-24 Listed $59,900 REALCOMP
Property tax history
-1.3%/yrLatest (2025): $809 · -53.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…