19931 Oakfield St · Detroit, MI 48235

$104,900

3 bd · 1.0 ba · 1,009 sqft · SingleFamily public records · 2 Days on market

Built 1948 5,227 sqft lot Est $71k · 49% over

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Why this score? — see what drove the C 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 +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 19931 Oakfield St in Northwest Detroit. This move-in ready home offers classic charm with modern convenience, featuring three bedrooms and one full bath. This freshly updated home allows you to settle in and leave the worries behind, with many of the major items already completed for you. Step inside to discover hardwood floors throughout and an updated kitchen highlighted by elegant quartz countertops, creating a space that's both functional and inviting. Enjoy peace of mind knowing the home features newer windows, a new roof, a new furnace, and a new hot water tank - helping to minimize maintenance concerns and maximize comfort for years to come. Outside, you'll find a generous backyard with plenty of room for entertaining, gardening, pets, or simply relaxing outdoors. Conveniently located near parks, shopping, dining, schools, and major freeways, this home offers the perfect balance of neighborhood charm and everyday convenience. Whether you're a first-time homebuyer or simply looking for a home where the hard work has already been done, this updated gem is ready for you to move in, unpack, and start making memories! Don't miss this opportunity. Schedule your appointment today!

Key facts

• Quartz countertops
• New furnace
• Newer windows

Tags

• HARDWOOD FLOORS
• UPDATED KITCHEN
• QUARTZ COUNTERTOPS
• NEWER WINDOWS
• NEW ROOF
• NEW FURNACE

Property features AI

Finance

• Other: Lot approximately 0.12 acres (40 x 130); Located in the MADISON PARK subdivision; north of Pembroke

Exterior

• Parking: No garage
• Utilities: Public water; Sewer available
• Home design: Single-family residence; One and one-half stories; Ground-level entry with steps; Brick construction; Facing information not provided
• Construction: Brick/mortar foundation; Asphalt roof
• Exterior features: Paved road access; No pool

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement; Five total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $389 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).

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 (+3.2%/yr); 283 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 43% of the median local income ($39k/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 $725 of loan paydown is wiped out by about $3k 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 + 3.2% rent growth), your $29k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 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 $50k; list at $105k implies a 110% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $104,900

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.33% ✓
• Cap rate: 10.75%
• Cash-on-cash: 15.91%
• DSCR: 1.71
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $70,630
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16442 Pembroke Ave	0.28mi	3/1.0	1,050 (+4%)	4mo	$40,000	$38	77
20004 Southfield Fwy	0.17mi	2/1.0 (-1)	929 (-8%)	1mo	$20,000	$22	73
19900 Southfield Rd	0.16mi	3/1.0	898 (-11%)	4mo	$110,000	$122	71
19975 Ferguson St	0.24mi	3/1.0	889 (-12%)	1mo	$50,650	$57	68
19455 Avon Ave	0.61mi	3/1.0	1,023 (+1%)	2mo	$72,000	$70	67
19365 Fenmore St	0.36mi	3/1.0	912 (-10%)	1mo	$94,900	$104	67
20569 Biltmore St	0.43mi	3/1.5	1,073 (+6%)	2mo	$174,000	$162	66
20245 Archdale St	0.25mi	3/1.0	890 (-12%)	4mo	$53,000	$60	65
16910 Pembroke Ave	0.25mi	3/1.0	1,150 (+14%)	1mo	$50,000	$43	64
19338 Fenmore St	0.38mi	3/1.0	1,120 (+11%)	1mo	$116,000	$104	63
18937 Lindsay St	0.64mi	3/1.0	951 (-6%)	2mo	$59,000	$62	59
18926 Ashton Ave	0.71mi	3/1.0	1,095 (+8%)	3mo	$125,000	$114	50

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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: 7.1%
• Equity multiple: 1.28×
• Total profit: $8,168
• Equity at exit: $15,641

10-year hold

• IRR: 16.6%
• Equity multiple: 2.38×
• Total profit: $40,551
• Equity at exit: $9,070

Cash invested: $29,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48235

• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,394 high
• Mortgage (P&I): −$550
• Tax from tax record: −$118 /mo · $1,416/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $389

Break-even live

Break-even rent $901

Max offer price $104,900

Occupancy floor 67%

Sensitivity live

Price	-10% $449	-5% $419	+0% $389	+5% $360	+10% $330
Rent	-10% $279	-5% $334	+0% $389	+5% $444	+10% $500
Rate	-1.0pp $442	-0.5pp $416	base $389	+0.5pp $362	+1.0pp $335

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: $26,225
• Closing costs: $3,147
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	44d	1	0.13mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	15d	1	0.16mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	44d	1	0.18mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	5d	1	0.24mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	44d	1	0.25mi
20259 Oakfield St Detroit, MI	3.0	1.0	1056	$1,250	$1.18	17d	1	0.26mi
19400 Harlow St Detroit, MI	4.0	1.0	1298	$1,275	$0.98	17d	1	0.28mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	25d	1	0.30mi
20200 Ashton Ave Detroit, MI	3.0	1.0	1200	$1,200	$1.00	17d	1	0.32mi
20314 Gilchrist St Detroit, MI	3.0	1.0	1042	$1,500	$1.44	5d	1	0.35mi
20510 Fenmore St Detroit, MI	3.0	1.0	1194	$1,300	$1.09	2d	1	0.35mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	25d	1	0.45mi
20527 Rosemont Ave Detroit, MI	2.0	2.0	975	$1,528	$1.57	44d	1	0.49mi
19503 Mansfield St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	17d	1	0.51mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	17d	1	0.57mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.58mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	25d	1	0.60mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	44d	1	0.62mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	44d	1	0.73mi
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	15d	5	0.76mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	17d	1	0.84mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	15d	1	0.88mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	0.93mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	5d	1	0.95mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	44d	1	0.96mi
18675 Forrer St Detroit, MI	3.0	1.0	1200	$1,225	$1.02	5d	1	0.97mi
18699 Shaftsbury Ave Detroit, MI	2.0	1.0	800	$1,000	$1.25	44d	1	1.03mi
18659 Shaftsbury Ave Detroit, MI	3.0	1.0	763	$1,373	$1.80	13d	1	1.06mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	4d	1	1.06mi
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	17d	1	1.09mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	17d	1	1.14mi
16500 N Park Dr Southfield, MI	1.0–3.0	1.0–2.5	1500	$2,289	$1.53	0d	1	1.16mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	5d	1	1.19mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	20d	1	1.20mi
19457 Evergreen Rd Detroit, MI	2.0	1.0	1100	$1,200	$1.09	44d	1	1.22mi
18964 Coyle St Detroit, MI	3.0	1.0	1300	$1,350	$1.04	3d	1	1.23mi
17654 Greenview Ave Detroit, MI	4.0	1.0	1377	$1,350	$0.98	17d	1	1.23mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	44d	1	1.27mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	44d	1	1.30mi
19781 Fielding St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	5d	1	1.47mi

Listing history 3 events

1. 2026-06-18
   days on market $104,900 Active 2 DOM
2. 2026-06-17
   remarks 687-char remark
3. 2026-06-17
   listed $104,900 Active 1 DOM

ⓘ 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: $1,416 · $118/mo
• Projected year-2 tax: $1,516 · $126/mo
• Expected delta: +$100/yr (+$8/mo · 7.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 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

Taxation est. · year 1

• Rental income: $16,727
• − Mortgage interest: −$5,876
• − Property taxes: −$1,416
• − Insurance: −$524
• − Repairs & maintenance: −$1,338
• − Management: −$1,338
• − Depreciation: −$3,052
• Taxable income: $3,183
• Est. tax owed @ 24.0%: −$764
• After-tax cash flow: $3,909/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): 45,600
• Household income: $39,265
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 3064.0

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 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -153.02%
• Current HPI: 263.6326
• Rent YoY: ▲ 3.25%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+238.4% since first listed

40 events — show timeline

• 2026-06-10 Listed $104,900 MiRealSource-MiMLS
• 2026-06-10 Listed $104,900 REALCOMP
• 2025-07-28 Sold (Public Records) $50,000 Public Records
• 2024-04-04 Rental Removed $850 APPFOLIO
• 2024-03-13 Price Changed $850 APPFOLIO
• 2024-01-24 Price Changed $900 APPFOLIO
• 2024-01-12 Price Changed $950 APPFOLIO
• 2023-12-02 Price Changed $1,000 APPFOLIO
• 2023-10-11 Listed for Rent $1,050 APPFOLIO
• 2020-10-20 Sold (Public Records) $71,500 Public Records
• 2019-08-19 Sold (MLS) $24,000 MiRealSource-MiMLS
• 2019-08-19 Sold (MLS) $24,000 REALCOMP
• 2019-08-05 Pending — MiRealSource-MiMLS
• 2019-08-05 Pending — REALCOMP
• 2019-07-16 Listed $26,900 MiRealSource-MiMLS
• 2019-07-16 Listed $26,900 REALCOMP
• 2019-07-11 Sold (Public Records) $32,000 Public Records
• 2016-02-15 Sold (MLS) $12,000 MiRealSource-MiMLS
• 2016-02-15 Sold (MLS) $12,000 REALCOMP
• 2016-01-28 Pending — REALCOMP
• 2016-01-28 Listing Removed — MiRealSource-MiMLS
• 2016-01-22 Price Changed $13,500 REALCOMP
• 2016-01-22 Price Changed $15,000 REALCOMP
• 2016-01-11 Relisted — REALCOMP
• 2016-01-07 Pending — REALCOMP
• 2015-12-28 Price Changed $18,000 REALCOMP
• 2015-12-22 Price Changed $22,500 REALCOMP
• 2015-12-11 Price Changed $23,000 REALCOMP
• 2015-12-09 Relisted — REALCOMP
• 2015-12-02 Listing Removed — REALCOMP
• 2015-11-16 Listed $25,000 REALCOMP
• 2015-11-16 Listed $13,500 MiRealSource-MiMLS
• 2009-03-10 Sold (MLS) $3,850 REALCOMP
• 2009-02-18 Listed $4,490 REALCOMP
• 2007-01-23 Sold (Public Records) $114,000 Public Records
• 1997-06-02 Sold (MLS) $45,000 REALCOMP
• 1997-02-05 Listed $49,000 REALCOMP
• 1996-10-22 Sold (Public Records) $19,500 Public Records
• 1996-10-15 Sold (Public Records) $16,000 Public Records
• 1996-10-15 Sold (Public Records) $31,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $1,416 · -49.3% YoY. Source: county tax records.