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20120 Norwood St
D+ Composite 49.07
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 +18.7/30.0
  • ARV discount +7.5/15.0
  • DSCR +5.9/10.0
  • 1% rule +5.4/10.0
  • 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

$131,000

20120 Norwood St · Detroit, MI 48234
3 bd · 1.0 ba · 1,484 sqft · SingleFamily public records · 360 Days on market
Built 1946 4,792 sqft lot $88/sqft · 65% above area

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

Key facts

  • 4,792 sq ft lot
  • Garage
  • Built 1946

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 $131k.

Deal economics

  • At list price, monthly cash flow is $129 ($2k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $131k).
  • Recommended offer: $115k (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.5% vs local median 10.2% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $1,358/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 $906 of loan paydown is wiped out by about $4k 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 $37k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 360 days — a 12% lower offer ($115k) is reasonable based on typical stale-listing flexibility.
  • 28 sale attempts since 21y ago; this cycle's ask has dropped $24k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $50k; list at $131k implies a 162% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $115,280 (12.0% below list)

Questions for the listing agent

  1. It's been on market 360 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 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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?
  7. 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?
  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
1.04%
Cap rate
7.48%
Cash-on-cash
4.22%
DSCR
1.19
GRM
8.0

CMA / ARV

ARV (median comp)
$79,489
List price
$131,000
Delta
64.80%
Verdict
OVERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
20138 Norwood St 0.02mi 3/1.5 1,286 (-13%) 4mo $82,600 $64 71
20450 Gallagher St 0.25mi 3/1.0 1,291 (-13%) 1mo $45,000 $35 66
2339 E Outer Dr 0.21mi 3/2.5 1,324 (-11%) 4mo $154,000 $116 63
19626 Mackay St 0.54mi 3/1.0 1,414 (-5%) 7mo $33,000 $23 61
19418 Gallagher St 0.42mi 3/1.0 1,336 (-10%) 4mo $52,000 $39 60
20732 June Ave 0.35mi 3/1.5 1,307 (-12%) 7mo $66,000 $50 56
19364 Norwood St 0.44mi 2/1.0 (-1) 1,296 (-13%) 4mo $20,000 $15 50
19031 Klinger St 0.74mi 3/1.5 1,415 (-5%) 7mo $55,000 $39 50
19942 Saint Aubin St 0.74mi 3/1.0 1,350 (-9%) 4mo $38,000 $28 47
3168 Berkshire Ave 0.68mi 2/1.0 (-1) 1,320 (-11%) 2mo $80,000 $61 43
3754 Wasmund Ave 0.52mi 4/1.0 (+1) 1,271 (-14%) 5mo $86,000 $68 42
3641 Berkshire Ave 0.65mi 3/2.0 1,284 (-14%) 6mo $100,000 $78 38

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

5-year hold
IRR
-5.4%
Equity multiple
0.79×
Total profit
$-7,690
Equity at exit
$19,533
10-year hold
IRR
8.4%
Equity multiple
1.75×
Total profit
$27,432
Equity at exit
$11,326

Cash invested: $36,680 (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 48234

Home prices YoY
-11.9%
Rents YoY
6.7%
Active inventory
226
Price-to-rent
8.0×

Monthly cashflow live

Estimated rent
$1,358 high interval (Pro) →
Mortgage (P&I)
$687
Tax from tax record
$202 /mo · $2,429/yr
Insurance
$55
HOA
$0
Vacancy / Maint / Mgmt
$285
Net cashflow
$129

Break-even live

Break-even rent $1,195
Max offer price $131,000
Occupancy floor 86%

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
$32,750
Closing costs
$3,930
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
20000 Norwood St Detroit, MI 3.0 1.5 1150 $1,200 $1.04 24d 1 0.08mi
19930 Binder St Detroit, MI 3.0 1.0 1000 $1,450 $1.45 17d 1 0.23mi
19694 Gallagher St Detroit, MI 3.0 1.0 1000 $1,150 $1.15 15d 1 0.28mi
20255 Harned St Detroit, MI 3.0 1.0 1000 $1,374 $1.37 17d 1 0.35mi
19450 Norwood St Detroit, MI 3.0 1.0 1000 $1,200 $1.20 5d 1 0.36mi
19458 Binder St Detroit, MI 3.0 1.5 1550 $1,500 $0.97 3d 1 0.40mi
19360 Revere St Detroit, MI 3.0 1.0 1050 $1,250 $1.19 24d 1 0.44mi
19995 Goddard St Detroit, MI 4.0 1.0 1292 $1,400 $1.08 22d 1 0.51mi
19450 Fenelon St Detroit, MI 3.0 1.0 1062 $1,384 $1.30 5d 1 0.80mi
2034 John B Ave Warren, MI 3.0 1.0 920 $1,261 $1.37 44d 1 0.81mi
20794 Audrey Ave Warren, MI 3.0 1.0 954 $1,350 $1.42 44d 1 0.87mi
18666 Joseph Campau St Detroit, MI 3.0 1.0 1000 $1,400 $1.40 17d 1 0.90mi
18557 Wexford St Detroit, MI 3.0 1.0 1216 $1,250 $1.03 24d 1 0.95mi
20058 Bloom St Detroit, MI 4.0 1.0 1350 $1,450 $1.07 17d 1 0.95mi
19361 Moenart St Unit 1 Detroit, MI 2.0 1.0 1000 $1,100 $1.10 24d 1 0.99mi
19162 Conley St Detroit, MI 2.0 1.0 1000 $1,300 $1.30 44d 1 0.99mi
21516 Dequindre Rd Warren, MI 1.0–2.0 1.0 837 $1,375 $1.64 22d 1 1.01mi
20263 Caldwell St Detroit, MI 3.0 1.0 909 $1,350 $1.49 17d 1 1.05mi
18629 Fleming St Detroit, MI 3.0 1.5 900 $1,150 $1.28 24d 1 1.06mi
19260 Bloom St Detroit, MI 3.0 1.0 1100 $1,350 $1.23 4d 1 1.09mi
18882 Marx St Highland Park, MI 2.0 1.0 1000 $1,300 $1.30 44d 1 1.12mi
18891 Moenart St Detroit, MI 3.0 1.0 1150 $1,300 $1.13 2d 1 1.14mi
18551 Saint Aubin St Detroit, MI 3.0 1.0 962 $1,200 $1.25 17d 1 1.19mi
21410 Panama St Warren, MI 3.0 1.0 900 $1,600 $1.78 24d 1 1.20mi
18884 Bloom St Detroit, MI 3.0 1.0 979 $975 $1.00 22d 1 1.20mi
18884 Bloom St Detroit, MI 3.0 1.0 979 $975 $1.00 44d 1 1.20mi
18677 Moenart St Detroit, MI 2.0 1.0 1470 $1,200 $0.82 44d 1 1.23mi
1301 E Muir Ave Hazel Park, MI 3.0 2.0 1236 $1,600 $1.29 22d 1 1.24mi
21465 Syracuse Ave Warren, MI 3.0 1.0 990 $1,375 $1.39 44d 1 1.29mi
21456 Syracuse Ave Warren, MI 3.0 1.0 1160 $1,595 $1.38 44d 1 1.31mi
21456 Syracuse Ave Warren, MI 3.0 1.0 1152 $1,595 $1.38 2d 1 1.31mi
19415 Gable St Detroit, MI 3.0 1.0 1000 $1,373 $1.37 24d 1 1.32mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI 3.0 2.0 1097 $6,448 $5.88 2d 1 1.36mi
22580 Masch Ave Warren, MI 3.0 1.0 988 $1,450 $1.47 24d 1 1.38mi
18503 Riopelle St Highland Park, MI 3.0 1.0 1254 $1,250 $1.00 5d 1 1.39mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI 3.0 1.0 1033 $5,301 $5.13 2d 1 1.40mi
3951 Los Angeles Ave Warren, MI 3.0 1.0 1258 $1,500 $1.19 24d 1 1.42mi

Listing history 50 events

  1. 2026-06-18
    days on market $131,000 Active 360 DOM
  2. 2026-06-17
    days on market $131,000 Active 359 DOM
  3. 2026-06-15
    days on market $131,000 Active 357 DOM
  4. 2026-06-13
    days on market $131,000 Active 355 DOM
  5. 2026-06-13
    days on market $131,000 Active 354 DOM
  6. 2026-06-09
    days on market $131,000 Active 351 DOM
  7. 2026-06-08
    days on market $131,000 Active 350 DOM
  8. 2026-06-07
    days on market $131,000 Active 349 DOM
  9. 2026-06-04
    days on market $131,000 Active 346 DOM
  10. 2026-06-03
    days on market $131,000 Active 345 DOM
  11. 2026-06-01
    days on market $131,000 Active 343 DOM
  12. 2026-05-31
    days on market $131,000 Active 342 DOM
  13. 2026-04-13
    status Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  14. 2026-04-13
    status Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  15. 2026-04-06
    historical Accepting Backup Offers 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  16. 2026-04-06
    historical Active Under Contract 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  17. 2026-03-10
    price $131,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  18. 2026-03-10
    price $131,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  19. 2025-11-28
    price $134,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  20. 2025-11-28
    price $134,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  21. 2025-11-04
    status Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  22. 2025-11-04
    status Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  23. 2025-10-29
    historical Accepting Backup Offers 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  24. 2025-10-29
    historical Active Under Contract 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  25. 2025-09-17
    price $135,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  26. 2025-09-17
    price $135,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  27. 2025-09-17
    price $136,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  28. 2025-09-17
    price $136,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  29. 2025-09-05
    price $137,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  30. 2025-09-05
    price $137,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  31. 2025-08-21
    price $139,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  32. 2025-08-21
    price $139,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  33. 2025-08-12
    status Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  34. 2025-08-12
    status Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  35. 2025-08-04
    status Pending 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  36. 2025-08-04
    status Pending 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  37. 2025-07-29
    historical Accepting Backup Offers 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  38. 2025-07-29
    historical Active Under Contract 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  39. 2025-07-14
    price $144,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  40. 2025-07-14
    price $144,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  41. 2025-06-27
    price $149,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  42. 2025-06-27
    price $149,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  43. 2025-06-16
    listed $155,000 Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  44. 2025-06-16
    listed $155,000 Active 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  45. 2025-06-14
    historical $155,000 514-char remark
    Show marketing remark (514 chars)

    Here is a stylishly renovated bungalow near the Detroit - Warren border. This spacious brick dwelling boasts a beautiful brand new kitchen with butcher block countertops and stainless steel appliances. Bathrooms well appointed with new tub and vanities. Fresh paint and flooring throughout. Entry level features a large bonus room that could serve as a fourth bedroom or child's playroom. Full basement. One car garage. Your Buyers will be pleased with the thoughtful design and superior workmanship of this rehab.

  46. 2022-04-27
    soldstatus $50,000
  47. 2022-04-27
    soldstatus $50,000 Sold
  48. 2022-04-27
    soldstatus $50,000 Closed
  49. 2022-03-28
    status Pending
  50. 2022-03-28
    status Pending

ⓘ 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
$2,429 · $202/mo
Projected year-2 tax
$2,429 · $202/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 1/10 Low FEMA zone X (unshaded) · 0% 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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$16,299
− Mortgage interest
−$7,338
− Property taxes
−$2,429
− Insurance
−$655
− Repairs & maintenance
−$1,304
− Management
−$1,304
− Depreciation
−$3,811
Taxable loss
−$542
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$130
After-tax cash flow
$1,679/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)
32,760
Household income
$35,322
Rent vs Own
47.0% rent · 53.0% 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

Price history

+101.8% since first listed
93 events — show timeline
  • 2026-04-13 Relisted MiRealSource-MiMLS
  • 2026-04-13 Relisted REALCOMP
  • 2026-04-06 Contingent MiRealSource-MiMLS
  • 2026-04-06 Contingent REALCOMP
  • 2026-03-10 Price Changed $131,000 MiRealSource-MiMLS
  • 2026-03-10 Price Changed $131,000 REALCOMP
  • 2025-11-28 Price Changed $134,000 MiRealSource-MiMLS
  • 2025-11-28 Price Changed $134,000 REALCOMP
  • 2025-11-04 Relisted MiRealSource-MiMLS
  • 2025-11-04 Relisted REALCOMP
  • 2025-10-29 Contingent MiRealSource-MiMLS
  • 2025-10-29 Contingent REALCOMP
  • 2025-09-17 Price Changed $135,000 MiRealSource-MiMLS
  • 2025-09-17 Price Changed $135,000 REALCOMP
  • 2025-09-17 Price Changed $136,000 MiRealSource-MiMLS
  • 2025-09-17 Price Changed $136,000 REALCOMP
  • 2025-09-05 Price Changed $137,000 MiRealSource-MiMLS
  • 2025-09-05 Price Changed $137,000 REALCOMP
  • 2025-08-21 Price Changed $139,000 MiRealSource-MiMLS
  • 2025-08-21 Price Changed $139,000 REALCOMP
  • 2025-08-12 Relisted MiRealSource-MiMLS
  • 2025-08-12 Relisted REALCOMP
  • 2025-08-04 Pending MiRealSource-MiMLS
  • 2025-08-04 Pending REALCOMP
  • 2025-07-29 Contingent MiRealSource-MiMLS
  • 2025-07-29 Contingent REALCOMP
  • 2025-07-14 Price Changed $144,000 MiRealSource-MiMLS
  • 2025-07-14 Price Changed $144,000 REALCOMP
  • 2025-06-27 Price Changed $149,000 MiRealSource-MiMLS
  • 2025-06-27 Price Changed $149,000 REALCOMP
  • 2025-06-16 Listed $155,000 MiRealSource-MiMLS
  • 2025-06-16 Listed $155,000 REALCOMP
  • 2025-06-14 Coming Soon $155,000 MiRealSource-MiMLS
  • 2022-04-27 Sold (Public Records) $50,000 Public Records
  • 2022-04-27 Sold (MLS) $50,000 MiRealSource-MiMLS
  • 2022-04-27 Sold (MLS) $50,000 REALCOMP
  • 2022-03-28 Pending MiRealSource-MiMLS
  • 2022-03-28 Pending REALCOMP
  • 2021-12-16 Price Changed $51,000 MiRealSource-MiMLS
  • 2021-12-15 Price Changed $51,000 REALCOMP
  • 2021-12-07 Relisted MiRealSource-MiMLS
  • 2021-12-07 Relisted REALCOMP
  • 2021-11-29 Pending MiRealSource-MiMLS
  • 2021-11-29 Pending REALCOMP
  • 2021-11-20 Price Changed $55,900 MiRealSource-MiMLS
  • 2021-11-19 Price Changed $55,900 REALCOMP
  • 2021-10-07 Price Changed $59,900 MiRealSource-MiMLS
  • 2021-10-07 Price Changed $59,900 REALCOMP
  • 2021-09-17 Price Changed $65,000 MiRealSource-MiMLS
  • 2021-09-16 Price Changed $65,000 REALCOMP
  • 2021-07-24 Price Changed $70,400 MiRealSource-MiMLS
  • 2021-07-24 Price Changed $70,400 REALCOMP
  • 2021-06-10 Listed $67,000 MiRealSource-MiMLS
  • 2021-06-10 Listed $67,000 REALCOMP
  • 2020-11-16 Listing Removed REALCOMP
  • 2020-11-16 Listing Removed MiRealSource-MiMLS
  • 2020-10-30 Relisted MiRealSource-MiMLS
  • 2020-10-30 Relisted REALCOMP
  • 2020-10-23 Pending MiRealSource-MiMLS
  • 2020-10-23 Pending REALCOMP
  • 2020-06-18 Price Changed $54,900 MiRealSource-MiMLS
  • 2020-06-18 Price Changed $54,900 REALCOMP
  • 2020-03-26 Listed $55,400 MiRealSource-MiMLS
  • 2020-03-26 Listed $55,400 REALCOMP
  • 2018-04-17 Sold (MLS) $34,000 MiRealSource-MiMLS
  • 2018-04-17 Sold (MLS) $34,000 REALCOMP
  • 2018-04-04 Pending MiRealSource-MiMLS
  • 2018-04-04 Pending REALCOMP
  • 2017-10-13 Listed $39,500 REALCOMP
  • 2017-09-05 Listed $39,500 MiRealSource-MiMLS
  • 2017-08-26 Listing Removed REALCOMP
  • 2017-08-25 Listing Removed MiRealSource-MiMLS
  • 2017-07-07 Listed $42,500 MiRealSource-MiMLS
  • 2017-07-07 Listed $42,500 REALCOMP
  • 2008-11-17 Sold (MLS) $8,200 MiRealSource-MiMLS
  • 2008-11-17 Sold (MLS) $8,200 REALCOMP
  • 2008-10-10 Listing Removed MiRealSource-MiMLS
  • 2008-09-25 Listed $7,900 MiRealSource-MiMLS
  • 2008-09-25 Listed $7,900 REALCOMP
  • 2007-03-14 Listing Removed MiRealSource-MiMLS
  • 2006-11-28 Sold (Public Records) $98,000 Public Records
  • 2006-09-14 Listed $99,000 MiRealSource-MiMLS
  • 2006-07-14 Sold (MLS) $43,500 MiRealSource-MiMLS
  • 2006-06-05 Listing Removed MiRealSource-MiMLS
  • 2006-05-17 Listing Removed MiRealSource-MiMLS
  • 2006-04-21 Listed $47,900 MiRealSource-MiMLS
  • 2006-03-15 Listing Removed REALCOMP
  • 2006-01-06 Listing Removed MiRealSource-MiMLS
  • 2005-12-30 Listed $64,900 MiRealSource-MiMLS
  • 2005-12-05 Listing Removed MiRealSource-MiMLS
  • 2005-12-05 Listed $64,900 MiRealSource-MiMLS
  • 2005-06-16 Listed $64,900 MiRealSource-MiMLS
  • 2005-06-16 Listed $64,900 REALCOMP

Property tax history

+1.0%/yr

Latest (2025): $2,429 · -54.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…