CashFlowRE
Sign in Sign up
18170 Patton St
B+ Composite 76.97
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 +4.5/5.0
  • Livability +3.7/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$55,900

18170 Patton St · Detroit, MI 48219
3 bd · 1.0 ba · 968 sqft · SingleFamily public records · 164 Days on market
Built 1940 8,276 sqft lot $58/sqft · 17% below area Est $67k · 17% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

CHARMING BUNGALOW HOME LOCATED NORTH OF MCNICHOLS AND WEST OF EVERGREEN. THIS HOME FEATURES A COVERED FRONT PORCH, ATTACHED TWO CAR GARAGE, THREE SEASONS BREEZEWAY, BEAUTIFUL HARDWOOD FLOORS THROUGH OUT, INVITING LIVING ROOM, DINING ROOM, GOOD SIZED KITCHEN, TWO BEDROOMS ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

  • Covered front porch
  • Attached garage
  • Three seasons room

Tags

BUNGALOW HOMECOVERED FRONT PORCHTHREE SEASONS ROOMHARDWOOD FLOORSATTACHED GARAGE

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $56k.

Deal economics

  • At list price, monthly cash flow is $545 ($7k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $56k).
  • Recommended offer: $49k (12.0% below list) — sets the bar for market timing.
  • Cap rate 18.0% 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 rising fast (+8.0%/yr); 309 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 35% of the median local income ($44k/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 $386 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 + 8.0% rent growth), your $16k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 164 days — a 12% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 3y ago; this cycle's ask has dropped $14k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: property tax is 3.2% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.
Recommended offer $49,192 (12.0% below list)

Questions for the listing agent

  1. It's been on market 164 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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.
  9. 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.
  10. 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
2.29%
Cap rate
17.99%
Cash-on-cash
41.78%
DSCR
2.86
GRM
3.6

CMA / ARV

ARV (median comp)
$67,326
List price
$55,900
Delta
-7.17%
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
17511 Westmoreland Rd 0.47mi 3/2.0 939 (-3%) 1mo $100,000 $106 68
18424 Fielding St 0.17mi 3/1.0 1,100 (+14%) 3mo $40,000 $36 67
18555 Edinborough Rd 0.60mi 3/1.0 950 (-2%) 2mo $70,000 $74 67
18431 Edinborough Rd 0.56mi 3/1.0 1,000 (+3%) 4mo $95,000 $95 65
18924 Bentler St 0.52mi 3/1.0 920 (-5%) 3mo $74,900 $81 65
19145 Fielding St 0.54mi 3/1.5 924 (-4%) 1mo $98,000 $106 65
18925 Bentler St 0.54mi 3/2.0 937 (-3%) 1mo $79,900 $85 64
18418 Heyden St 0.28mi 2/1.0 (-1) 865 (-11%) 3mo $17,000 $20 61
17420 Edinborough Rd 0.61mi 3/1.0 1,011 (+4%) 4mo $167,000 $165 61
18498 Heyden ST St 0.33mi 3/1.0 842 (-13%) 4mo $9,000 $11 60
19352 Margareta St 0.69mi 3/1.0 1,060 (+10%) 3mo $105,000 $99 50
17694 Shaftsbury Ave 0.74mi 2/1.5 (-1) 1,058 (+9%) 4mo $90,000 $85 40

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 · 8.0% rent growth · sell at horizon

5-year hold
IRR
44.5%
Equity multiple
3.08×
Total profit
$32,483
Equity at exit
$8,335
10-year hold
IRR
52.8%
Equity multiple
7.65×
Total profit
$104,050
Equity at exit
$4,833

Cash invested: $15,652 (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.

ZIP-level market 48219

Home prices YoY
-10.3%
Rents YoY
8.0%
Active inventory
309
Price-to-rent
3.6×

Monthly cashflow live

Estimated rent
$1,280 high interval (Pro) →
Mortgage (P&I)
$293
Tax from tax record
$150 /mo · $1,801/yr
Insurance
$23
HOA
$0
Vacancy / Maint / Mgmt
$269
Net cashflow
$545

Break-even live

Break-even rent $591
Max offer price $55,900
Occupancy floor 52%

Sensitivity live

Price -10% $577 -5% $561 +0% $545 +5% $529 +10% $513
Rent -10% $444 -5% $494 +0% $545 +5% $596 +10% $646
Rate -1.0pp $573 -0.5pp $559 base $545 +0.5pp $530 +1.0pp $516

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
$13,975
Closing costs
$1,677
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
18205 Stout St Detroit, MI 3.0 1.0 901 $1,078 $1.20 26d 1 0.12mi
18274 Fielding St Detroit, MI 2.0 1.0 700 $1,200 $1.71 18d 1 0.15mi
18191 Heyden St Detroit, MI 2.0 1.0 917 $1,100 $1.20 26d 1 0.23mi
18134 Vaughan St Detroit, MI 3.0 1.0 1060 $1,150 $1.08 18d 1 0.29mi
18437 Trinity St Detroit, MI 3.0 1.0 875 $1,364 $1.56 16d 1 0.31mi
18461 Heyden St Detroit, MI 2.0 1.0 1000 $1,050 $1.05 6d 1 0.31mi
17721 Westbrook St Detroit, MI 4.0 1.0 1040 $1,125 $1.08 26d 1 0.33mi
18556 Kentfield St Detroit, MI 3.0 1.0 952 $1,250 $1.31 4d 1 0.37mi
18025 Bentler St Detroit, MI 3.0 1.0 728 $1,250 $1.72 26d 1 0.44mi
21434 Karl St Detroit, MI 2.0 1.0 1000 $1,350 $1.35 45d 1 0.47mi
21451 Glenco St Detroit, MI 3.0 1.0 1026 $1,400 $1.36 18d 1 0.48mi
21440 Bennett St Detroit, MI 3.0 1.0 1037 $1,394 $1.34 18d 1 0.48mi
21455 Pickford St Detroit, MI 2.0 1.0 1000 $1,275 $1.27 45d 1 0.50mi
17274 Bentler St Detroit, MI 2.0 1.0 700 $838 $1.20 26d 2 0.51mi
17274 Bentler St Detroit, MI 2.0 1.0 700 $850 $1.21 45d 2 0.51mi
17270 Bentler St Detroit, MI 2.0 1.0 650 $850 $1.31 45d 1 0.51mi
17274 Bentler St #46 Detroit, MI 2.0 1.0 700 $850 $1.21 18d 1 0.51mi
18450 Edinborough Rd Detroit, MI 3.0 1.0 1000 $1,500 $1.50 45d 1 0.61mi
16717 Trinity St Detroit, MI 3.0 1.5 1101 $1,250 $1.14 45d 1 0.74mi
18452 Shaftsbury Ave Detroit, MI 3.0 1.0 927 $1,500 $1.62 18d 1 0.78mi
18659 Shaftsbury Ave Detroit, MI 3.0 1.0 763 $1,323 $1.73 0d 1 0.81mi
18699 Shaftsbury Ave Detroit, MI 2.0 1.0 800 $1,000 $1.25 45d 1 0.82mi
17654 Sunderland Rd Detroit, MI 3.0 1.0 1100 $1,500 $1.36 45d 1 0.87mi
19457 Evergreen Rd Detroit, MI 2.0 1.0 1100 $1,200 $1.09 45d 1 0.88mi
16194 Fielding St Unit 2 Detroit, MI 2.0 1.0 750 $950 $1.27 16d 1 0.89mi
19176 Grandville Ave Detroit, MI 3.0 1.0 941 $1,300 $1.38 6d 1 0.91mi
16700 Lahser Rd Apt 18 Detroit, MI 2.0 1.0 750 $900 $1.20 45d 1 0.95mi
19781 Fielding St Detroit, MI 3.0 1.0 1000 $1,294 $1.29 6d 1 0.97mi
19372 Grandville Ave Detroit, MI 2.0 1.5 733 $1,025 $1.40 0d 1 1.02mi
21422 Pembroke Ave Detroit, MI 3.0 1.5 1000 $1,695 $1.70 18d 1 1.12mi
19329 Stahelin Ave Unit 1 Detroit, MI 3.0 1.5 833 $1,250 $1.50 45d 1 1.12mi
22570 Seven Mile W Detroit, MI 2.0 1.0 890 $875 $0.98 45d 1 1.17mi
19445 Avon Ave Detroit, MI 3.0 1.0 1023 $1,550 $1.52 45d 1 1.25mi
15712 Evergreen Rd Detroit, MI 2.0 1.0 850 $1,050 $1.24 45d 1 1.26mi
18494 Ashton Ave Detroit, MI 3.0 1.0 1000 $1,600 $1.60 18d 1 1.31mi
19928 Houghton St Detroit, MI 3.0 1.0 880 $1,495 $1.70 12d 1 1.32mi
22238 Pembroke Ave Detroit, MI 3.0 1.5 1100 $1,500 $1.36 45d 1 1.33mi
15519 Plainview Ave Detroit, MI 3.0 1.0 900 $1,396 $1.55 18d 1 1.33mi
15340 Braile St Detroit, MI 3.0 1.0 883 $1,000 $1.13 6d 1 1.41mi
15847 Chatham St Detroit, MI 3.0 1.0 909 $1,325 $1.46 6d 1 1.44mi

Listing history 22 events

  1. 2026-06-21
    pricedays on market $55,900 Active 164 DOM
  2. 2026-06-18
    days on market $62,500 Active 161 DOM
  3. 2026-06-17
    days on market $62,500 Active 160 DOM
  4. 2026-06-15
    days on market $62,500 Active 158 DOM
  5. 2026-06-13
    days on market $62,500 Active 156 DOM
  6. 2026-06-13
    pricedays on market $62,500 Active 155 DOM
  7. 2026-06-09
    days on market $65,900 Active 152 DOM
  8. 2026-06-08
    days on market $65,900 Active 151 DOM
  9. 2026-06-07
    days on market $65,900 Active 150 DOM
  10. 2026-06-04
    days on market $65,900 Active 147 DOM
  11. 2026-06-03
    days on market $65,900 Active 146 DOM
  12. 2026-06-01
    days on market $65,900 Active 144 DOM
  13. 2026-05-31
    days on market $65,900 Active 143 DOM
  14. 2026-04-09
    price $65,900 548-char remark
    Show marketing remark (548 chars)

    CHARMING BUNGALOW HOME LOCATED NORTH OF MCNICHOLS AND WEST OF EVERGREEN. THIS HOME FEATURES A COVERED FRONT PORCH, ATTACHED TWO CAR GARAGE, THREE SEASONS BREEZEWAY, BEAUTIFUL HARDWOOD FLOORS THROUGH OUT, INVITING LIVING ROOM, DINING ROOM, GOOD SIZED KITCHEN, TWO BEDROOMS ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  15. 2026-04-08
    price $65,900 548-char remark
    Show marketing remark (548 chars)

    CHARMING BUNGALOW HOME LOCATED NORTH OF MCNICHOLS AND WEST OF EVERGREEN. THIS HOME FEATURES A COVERED FRONT PORCH, ATTACHED TWO CAR GARAGE, THREE SEASONS BREEZEWAY, BEAUTIFUL HARDWOOD FLOORS THROUGH OUT, INVITING LIVING ROOM, DINING ROOM, GOOD SIZED KITCHEN, TWO BEDROOMS ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  16. 2026-02-26
    price $67,900 548-char remark
    Show marketing remark (548 chars)

    CHARMING BUNGALOW HOME LOCATED NORTH OF MCNICHOLS AND WEST OF EVERGREEN. THIS HOME FEATURES A COVERED FRONT PORCH, ATTACHED TWO CAR GARAGE, THREE SEASONS BREEZEWAY, BEAUTIFUL HARDWOOD FLOORS THROUGH OUT, INVITING LIVING ROOM, DINING ROOM, GOOD SIZED KITCHEN, TWO BEDROOMS ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  17. 2026-02-25
    price $67,900 548-char remark
    Show marketing remark (548 chars)

    CHARMING BUNGALOW HOME LOCATED NORTH OF MCNICHOLS AND WEST OF EVERGREEN. THIS HOME FEATURES A COVERED FRONT PORCH, ATTACHED TWO CAR GARAGE, THREE SEASONS BREEZEWAY, BEAUTIFUL HARDWOOD FLOORS THROUGH OUT, INVITING LIVING ROOM, DINING ROOM, GOOD SIZED KITCHEN, TWO BEDROOMS ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  18. 2026-01-08
    listed $69,900 Active 548-char remark
    Show marketing remark (548 chars)

    CHARMING BUNGALOW HOME LOCATED NORTH OF MCNICHOLS AND WEST OF EVERGREEN. THIS HOME FEATURES A COVERED FRONT PORCH, ATTACHED TWO CAR GARAGE, THREE SEASONS BREEZEWAY, BEAUTIFUL HARDWOOD FLOORS THROUGH OUT, INVITING LIVING ROOM, DINING ROOM, GOOD SIZED KITCHEN, TWO BEDROOMS ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  19. 2026-01-08
    listed $69,900 Active 548-char remark
    Show marketing remark (548 chars)

    CHARMING BUNGALOW HOME LOCATED NORTH OF MCNICHOLS AND WEST OF EVERGREEN. THIS HOME FEATURES A COVERED FRONT PORCH, ATTACHED TWO CAR GARAGE, THREE SEASONS BREEZEWAY, BEAUTIFUL HARDWOOD FLOORS THROUGH OUT, INVITING LIVING ROOM, DINING ROOM, GOOD SIZED KITCHEN, TWO BEDROOMS ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM UPSTAIRS, AND AN UNFINISHED BASEMENT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

  20. 2023-12-16
    historical $950
  21. 2023-11-14
    listed $950
  22. 2021-05-27
    soldstatus $55,000

ⓘ 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
$1,801 · $150/mo
Projected year-2 tax
$1,801 · $150/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 5/10 Major FEMA zone X (unshaded) · 49% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$15,363
− Mortgage interest
−$3,131
− Property taxes
−$1,801
− Insurance
−$280
− Repairs & maintenance
−$1,229
− Management
−$1,229
− Depreciation
−$1,626
Taxable income
$6,068
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,456
After-tax cash flow
$5,083/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)
47,208
Household income
$43,655
Rent vs Own
45.1% rent · 54.9% own
Severe rent burden
3584.0

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 (88%)
Race & ethnicity
Black 88% White 5% Two or more races 4% Hispanic / Latino 1%
Common ancestry
Romanian 1% Lithuanian 1%
Foreign-born
2% · Canada
Languages at home
96% English-only · Spanish 1% 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
▼ -65.06%
Current HPI
563.3263
Rent YoY
▲ 8.04%
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

Price history

+19.8% since first listed
9 events — show timeline
  • 2026-04-09 Price Changed $65,900 MiRealSource-MiMLS
  • 2026-04-08 Price Changed $65,900 REALCOMP
  • 2026-02-26 Price Changed $67,900 MiRealSource-MiMLS
  • 2026-02-25 Price Changed $67,900 REALCOMP
  • 2026-01-08 Listed $69,900 REALCOMP
  • 2026-01-08 Listed $69,900 MiRealSource-MiMLS
  • 2023-12-16 Rental Removed $950 APPFOLIO
  • 2023-11-14 Listed for Rent $950 APPFOLIO
  • 2021-05-27 Sold (Public Records) $55,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,801 · -54.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…