9116 Patton St · 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 99°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 +9.3/15.0
- 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
$64,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This corner lot is located in Detroit's desirable Warrendale Parkside area near Dearborn/Dearborn Heights and sits in one of the West Side's most stable and consistently active investor pockets. This neighborhood is known for its strong concentration of solid brick bungalows, long-term homeowners, steady rental demand, and close proximity to major roads, shopping, restaurants, Rouge Park, and the Ford corridor. This home has good bones and only needs light TLC to unlock its full potential. Major updates are already handled with a 2023 roof and all major mechanicals in good working order, making this an ideal opportunity for either a quick cosmetic flip or a strong long-term rental hold. Properties in this area continue to attract both owner-occupants and investors because of the location, affordability, and classic Detroit bungalow appeal. Clean opportunities in Warrendale Parkside with solid fundamentals and minimal major repair exposure continue to move quickly. And unlike many of the other properties for sale in the area, this property is vacant and will be vacant at closing. There are no territorial tenants complicating things or preventing your entry or ability to do a peaceful and private walkthrough. Situations like this are very rare in this area, so don't miss out. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Property is being marketed pursuant to a purchase agreement with the seller. Closing will be conducted via contract assignment. Seller to provide marketable title at closing. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including title insurance and closing fees. Sold AS IS - Buyer to verify all information listed
Key facts
- 2023 roof
- Corner lot
- 5,663 sq ft lot
Tags
Property features AI
Exterior
- Parking: Detached 1-car garage
- Utilities: Public water; Public sewer
- Home design: Single-family residence; Two levels; Ground-level entry with steps; Brick exterior
- Construction: Block foundation
- Exterior features: Paved road access; Lot approximately 0.13 acres (40 x 127)
Interior
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating (natural gas); No central cooling
- Interior features: Unfinished basement; Total of 5 rooms
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $65k.
Deal economics
- At list price, monthly cash flow is $505 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $65k).
- Cap rate 15.6% vs local median 10.0% 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); 367 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% 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).
- This rent runs 44% of the median local income ($31k/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 $449 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 $18k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
- 3 sale attempts since 29y 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 $45k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1951 — 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
- 1.75% ✓
- Cap rate
- 15.63%
- Cash-on-cash
- 33.33%
- DSCR
- 2.48
- GRM
- 4.8
CMA / ARV
- ARV (median comp)
- $67,623
- List price
- $64,900
- Delta
- -4.03%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 9116 Patton St | 0.00mi | 3/1.0 | 1,029 (0%) | 1mo | $45,000 | $44 | 99 |
| 9328 Patton St | 0.16mi | 3/1.0 | 1,062 (+3%) | 1mo | $50,000 | $47 | 86 |
| 8854 Stout St | 0.21mi | 3/1.0 | 989 (-4%) | 2mo | $66,250 | $67 | 81 |
| 9012 Pierson St | 0.16mi | 3/1.0 | 910 (-12%) | 0mo | $60,000 | $66 | 73 |
| 9534 Heyden St | 0.35mi | 3/1.0 | 960 (-7%) | 3mo | $100,000 | $104 | 70 |
| 9072 Burt Rd | 0.19mi | 3/1.0 | 906 (-12%) | 2mo | $57,000 | $63 | 70 |
| 8234 Patton St | 0.57mi | 3/1.0 | 1,010 (-2%) | 2mo | $60,000 | $59 | 69 |
| 9221 Grandville Ave | 0.60mi | 3/1.0 | 971 (-6%) | 2mo | $135,000 | $139 | 61 |
| 9977 Evergreen Ave | 0.59mi | 3/1.0 | 1,150 (+12%) | 2mo | $86,000 | $75 | 51 |
| 11419 Braile St | 0.71mi | 2/1.0 (-1) | 969 (-6%) | 2mo | $45,000 | $46 | 51 |
| 8277 Stout St | 0.54mi | 3/1.0 | 879 (-15%) | 0mo | $45,000 | $51 | 50 |
| 10006 Auburn St | 0.70mi | 3/1.0 | 1,150 (+12%) | 1mo | $63,000 | $55 | 47 |
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
- 25.3%
- Equity multiple
- 2.01×
- Total profit
- $18,294
- Equity at exit
- $9,677
- IRR
- 31.2%
- Equity multiple
- 3.44×
- Total profit
- $44,422
- Equity at exit
- $5,611
Cash invested: $18,172 (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
- 367
- Price-to-rent
- 4.8×
Monthly cashflow live
- Estimated rent
- $1,133 high interval (Pro) →
- Mortgage (P&I)
- −$340
- Tax from tax record
- −$23 /mo · $272/yr
- Insurance
- −$27
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$238
- Net cashflow
- $505
Break-even live
Sensitivity live
| Price | -10% $541 | -5% $523 | +0% $505 | +5% $486 | +10% $468 |
|---|---|---|---|---|---|
| Rent | -10% $415 | -5% $460 | +0% $505 | +5% $549 | +10% $594 |
| Rate | -1.0pp $537 | -0.5pp $521 | base $505 | +0.5pp $488 | +1.0pp $471 |
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
- $16,225
- Closing costs
- $1,947
- 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 37 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 9059 Burt Rd Detroit, MI | 3.0 | 1.0 | 980 | $1,400 | $1.43 | 45d | 1 | 0.21mi |
| 9404 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.23mi |
| 9410 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.23mi |
| 9401 Fielding St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.23mi |
| 20547 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.24mi |
| 20545 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.24mi |
| 20541 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.24mi |
| 20619 W Chicago Detroit, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 45d | 1 | 0.24mi |
| 20529 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.24mi |
| 20550 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.26mi |
| 20522 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.26mi |
| 20921 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.32mi |
| 20935 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.34mi |
| 20937 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.34mi |
| 9416 Trinity St Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.34mi |
| 20945 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.34mi |
| 19449 W Chicago St Detroit, MI | 3.0 | 1.5 | 950 | $1,500 | $1.58 | 45d | 1 | 0.56mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 23d | 1 | 0.58mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 19d | 1 | 0.58mi |
| 8283 Vaughan St Detroit, MI | 3.0 | 1.0 | 1058 | $1,294 | $1.22 | 6d | 1 | 0.58mi |
| 8270 Trinity St Detroit, MI | 3.0 | 1.0 | 806 | $1,528 | $1.90 | 45d | 1 | 0.60mi |
| 19301 Joy Rd Apt 1 Detroit, MI | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 45d | 1 | 0.66mi |
| 20431 Tireman St Detroit, MI | 3.0 | 1.0 | 1020 | $1,350 | $1.32 | 19d | 1 | 0.76mi |
| 11652 Fielding St Detroit, MI | 3.0 | 1.0 | 1000 | $1,386 | $1.39 | 45d | 1 | 0.81mi |
| 7794 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,450 | $1.45 | 18d | 1 | 0.84mi |
| 9090 Stahelin Ave Detroit, MI | 2.0 | 1.0 | 787 | $1,250 | $1.59 | 45d | 1 | 0.88mi |
| 12084 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 18d | 1 | 1.02mi |
| 7411 Stout St Detroit, MI | 3.0 | 1.0 | 888 | $1,428 | $1.61 | 14d | 1 | 1.04mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 0d | 15 | 1.10mi |
| 8850 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 933 | $1,100 | $1.18 | 19d | 1 | 1.21mi |
| 8451 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 867 | $1,150 | $1.33 | 45d | 1 | 1.24mi |
| 8254 W Parkway St Redford, MI | 3.0 | 1.0 | 1220 | $1,350 | $1.11 | 14d | 1 | 1.27mi |
| 8262 Rosemont Ave Detroit, MI | 3.0 | 1.0 | 836 | $1,200 | $1.44 | 6d | 1 | 1.31mi |
| 11704 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1046 | $1,300 | $1.24 | 25d | 1 | 1.32mi |
| 6874 Country Ln Dearborn Heights, MI | 2.0 | 1.5 | 1400 | $1,500 | $1.07 | 45d | 1 | 1.38mi |
| 9108 Archdale St Detroit, MI | 3.0 | 1.0 | 1000 | $1,300 | $1.30 | 6d | 1 | 1.38mi |
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 18d | 1 | 1.42mi |
Listing history 8 events
-
2026-05-18status Pending 1793-char remark
Show marketing remark (1793 chars)
This corner lot is located in Detroit's desirable Warrendale Parkside area near Dearborn/Dearborn Heights and sits in one of the West Side's most stable and consistently active investor pockets. This neighborhood is known for its strong concentration of solid brick bungalows, long-term homeowners, steady rental demand, and close proximity to major roads, shopping, restaurants, Rouge Park, and the Ford corridor. This home has good bones and only needs light TLC to unlock its full potential. Major updates are already handled with a 2023 roof and all major mechanicals in good working order, making this an ideal opportunity for either a quick cosmetic flip or a strong long-term rental hold. Properties in this area continue to attract both owner-occupants and investors because of the location, affordability, and classic Detroit bungalow appeal. Clean opportunities in Warrendale Parkside with solid fundamentals and minimal major repair exposure continue to move quickly. And unlike many of the other properties for sale in the area, this property is vacant and will be vacant at closing. There are no territorial tenants complicating things or preventing your entry or ability to do a peaceful and private walkthrough. Situations like this are very rare in this area, so don't miss out. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Property is being marketed pursuant to a purchase agreement with the seller. Closing will be conducted via contract assignment. Seller to provide marketable title at closing. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including title insurance and closing fees. Sold AS IS - Buyer to verify all information listed
-
2026-05-18status Pending 1811-char remark
Show marketing remark (1793 chars)
This corner lot is located in Detroit's desirable Warrendale Parkside area near Dearborn/Dearborn Heights and sits in one of the West Side's most stable and consistently active investor pockets. This neighborhood is known for its strong concentration of solid brick bungalows, long-term homeowners, steady rental demand, and close proximity to major roads, shopping, restaurants, Rouge Park, and the Ford corridor. This home has good bones and only needs light TLC to unlock its full potential. Major updates are already handled with a 2023 roof and all major mechanicals in good working order, making this an ideal opportunity for either a quick cosmetic flip or a strong long-term rental hold. Properties in this area continue to attract both owner-occupants and investors because of the location, affordability, and classic Detroit bungalow appeal. Clean opportunities in Warrendale Parkside with solid fundamentals and minimal major repair exposure continue to move quickly. And unlike many of the other properties for sale in the area, this property is vacant and will be vacant at closing. There are no territorial tenants complicating things or preventing your entry or ability to do a peaceful and private walkthrough. Situations like this are very rare in this area, so don't miss out. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Property is being marketed pursuant to a purchase agreement with the seller. Closing will be conducted via contract assignment. Seller to provide marketable title at closing. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including title insurance and closing fees. Sold AS IS - Buyer to verify all information listed
-
2026-05-11$64,900 Active 1811-char remark
Show marketing remark (1793 chars)
This corner lot is located in Detroit's desirable Warrendale Parkside area near Dearborn/Dearborn Heights and sits in one of the West Side's most stable and consistently active investor pockets. This neighborhood is known for its strong concentration of solid brick bungalows, long-term homeowners, steady rental demand, and close proximity to major roads, shopping, restaurants, Rouge Park, and the Ford corridor. This home has good bones and only needs light TLC to unlock its full potential. Major updates are already handled with a 2023 roof and all major mechanicals in good working order, making this an ideal opportunity for either a quick cosmetic flip or a strong long-term rental hold. Properties in this area continue to attract both owner-occupants and investors because of the location, affordability, and classic Detroit bungalow appeal. Clean opportunities in Warrendale Parkside with solid fundamentals and minimal major repair exposure continue to move quickly. And unlike many of the other properties for sale in the area, this property is vacant and will be vacant at closing. There are no territorial tenants complicating things or preventing your entry or ability to do a peaceful and private walkthrough. Situations like this are very rare in this area, so don't miss out. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Property is being marketed pursuant to a purchase agreement with the seller. Closing will be conducted via contract assignment. Seller to provide marketable title at closing. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including title insurance and closing fees. Sold AS IS - Buyer to verify all information listed
-
2026-05-11$64,900 Active 1793-char remark
Show marketing remark (1793 chars)
This corner lot is located in Detroit's desirable Warrendale Parkside area near Dearborn/Dearborn Heights and sits in one of the West Side's most stable and consistently active investor pockets. This neighborhood is known for its strong concentration of solid brick bungalows, long-term homeowners, steady rental demand, and close proximity to major roads, shopping, restaurants, Rouge Park, and the Ford corridor. This home has good bones and only needs light TLC to unlock its full potential. Major updates are already handled with a 2023 roof and all major mechanicals in good working order, making this an ideal opportunity for either a quick cosmetic flip or a strong long-term rental hold. Properties in this area continue to attract both owner-occupants and investors because of the location, affordability, and classic Detroit bungalow appeal. Clean opportunities in Warrendale Parkside with solid fundamentals and minimal major repair exposure continue to move quickly. And unlike many of the other properties for sale in the area, this property is vacant and will be vacant at closing. There are no territorial tenants complicating things or preventing your entry or ability to do a peaceful and private walkthrough. Situations like this are very rare in this area, so don't miss out. Listing broker holds contractual equitable interest in the property and may receive consideration from the transaction. Property is being marketed pursuant to a purchase agreement with the seller. Closing will be conducted via contract assignment. Seller to provide marketable title at closing. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including title insurance and closing fees. Sold AS IS - Buyer to verify all information listed
-
1998-02-21soldstatus $65,000
-
1997-08-15soldstatus $58,000
-
1997-04-13$61,000
-
1991-09-25soldstatus $33,500
ⓘ 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
- $272 · $23/mo
- Projected year-2 tax
- $636 · $53/mo
- Expected delta
- +$364/yr (+$30/mo · 133.9%)
ⓘ 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 ≥99°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
- $13,592
- − Mortgage interest
- −$3,635
- − Property taxes
- −$272
- − Insurance
- −$324
- − Repairs & maintenance
- −$1,087
- − Management
- −$1,087
- − Depreciation
- −$1,888
- Taxable income
- $5,297
- Est. tax owed @ 24.0%
- −$1,271
- After-tax cash flow
- $4,786/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
+34.3% since first listed10 events — show timeline
- 2026-05-26 Sold (MLS) $45,000 REALCOMP
- 2026-05-26 Sold (MLS) $45,000 MiRealSource-MiMLS
- 2026-05-18 Pending — MiRealSource-MiMLS
- 2026-05-18 Pending — REALCOMP
- 2026-05-11 Listed $64,900 REALCOMP
- 2026-05-11 Listed $64,900 MiRealSource-MiMLS
- 1998-02-21 Sold (MLS) $65,000 REALCOMP
- 1997-08-15 Sold (Public Records) $58,000 Public Records
- 1997-04-13 Listed $61,000 REALCOMP
- 1991-09-25 Sold (Public Records) $33,500 Public Records
Property tax history
-14.1%/yrLatest (2025): $272 · -74.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…