5746 Chatsworth St · Detroit, MI 48224

$62,500

3 bd · 1.0 ba · 1,390 sqft · SingleFamily public records · 1 Days on market

Built 1940 4,356 sqft lot Est $101k · 38% under ↓ 5% since listing

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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
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location close to Outer Dr.

Key facts

• 4,356 sq ft lot
• Built 1940

Property features AI

Finance

• Other: Property listed by Imagine Home Realty
• Financial info: Financial details not provided
• HOA & community: HOA details not provided

Exterior

• Parking: Driveway, no garage
• Security: Security details not provided
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Ground-level entry; Brick exterior
• Construction: Block foundation
• Exterior features: Paved road access; Lot roughly 0.1 acre (38 x 112.5)

Interior

• Kitchen: Kitchen details not provided
• Bedrooms: Bedrooms information not provided
• Flooring: Flooring details not provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Total of 3 rooms
• Laundry & utility: Laundry details not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $62k.

Deal economics

• At list price, monthly cash flow is $668 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Cap rate 19.1% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 484 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 37% of the median local income ($45k/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 $432 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 + 0.7% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 16 sale attempts since 24y 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $62,500

Questions for the listing agent

1. Built in 1940 — 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: 2.23% ✓
• Cap rate: 19.11%
• Cash-on-cash: 45.78%
• DSCR: 3.04
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $101,470
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5574 Buckingham Ave	0.15mi	3/1.0	1,430 (+3%)	2mo	$105,000	$73	87
5791 Bedford St	0.25mi	3/1.5	1,344 (-3%)	1mo	$178,000	$132	80
5050 Somerset Ave	0.40mi	3/1.0	1,356 (-2%)	1mo	$84,900	$63	77
5266 Devonshire Rd	0.32mi	3/1.0	1,274 (-8%)	1mo	$118,000	$93	70
9817 Somerset Ave	0.43mi	3/1.0	1,290 (-7%)	2mo	$30,000	$23	66
5753 Three Mile Dr	0.30mi	3/1.5	1,521 (+9%)	2mo	$75,000	$49	66
4605 Devonshire Rd	0.71mi	3/1.0	1,357 (-2%)	1mo	$139,000	$102	62
10185 Beaconsfield St	0.57mi	3/1.0	1,300 (-6%)	2mo	$73,000	$56	61
9722 Wayburn St	0.62mi	3/1.0	1,464 (+5%)	2mo	$84,900	$58	61
9988 Somerset Ave	0.47mi	3/1.0	1,206 (-13%)	1mo	$130,000	$108	55
4404 Somerset Ave	0.72mi	3/1.0	1,292 (-7%)	0mo	$190,000	$147	54
4619 Balfour Rd	0.67mi	3/1.0	1,188 (-14%)	2mo	$44,000	$37	43

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 40.4%
• Equity multiple: 2.67×
• Total profit: $29,307
• Equity at exit: $9,319

10-year hold

• IRR: 45.6%
• Equity multiple: 4.90×
• Total profit: $68,172
• Equity at exit: $5,404

Cash invested: $17,500 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,392 high
• Mortgage (P&I): −$328
• Tax est. 1.5%: −$78 /mo · $938/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $668

Break-even live

Break-even rent $547

Max offer price $62,500

Occupancy floor 47%

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: $15,625
• Closing costs: $1,875
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	4d	1	0.14mi
5791 Somerset Ave Detroit, MI	3.0	2.0	1660	$1,400	$0.84	17d	1	0.17mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,250	$1.14	15d	1	0.22mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	5d	1	0.25mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	16d	1	0.26mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	17d	1	0.26mi
5235 Chatsworth St Detroit, MI	2.0	1.0	900	$1,050	$1.17	43d	1	0.26mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	43d	1	0.29mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.35mi
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	43d	1	0.36mi
5031 Bedford St Detroit, MI	2.0	1.0	876	$1,870	$2.13	1d	1	0.45mi
5028 Bedford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	5d	1	0.47mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	43d	1	0.48mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	15d	1	0.49mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	5d	1	0.50mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	20d	1	0.54mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	43d	1	0.60mi
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	43d	1	0.61mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	43d	1	0.63mi
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	3d	1	0.67mi
4627 Bedford St Unit 1 Detroit, MI	2.0	1.0	1050	$945	$0.90	20d	1	0.69mi
4391 Nottingham Rd Unit 4393 Detroit, MI	2.0	1.0	1038	$950	$0.92	5d	1	0.75mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	3d	1	0.75mi
9171 Bishop St Detroit, MI	4.0	1.0	1508	$1,300	$0.86	43d	1	0.77mi
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	17d	1	0.80mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	3d	1	0.84mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	18d	1	0.84mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	20d	1	0.86mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	17d	1	0.89mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	43d	1	0.89mi
4151 Nottingham Rd Detroit, MI	2.0	1.0	1022	$1,275	$1.25	17d	1	0.91mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	11d	1	0.92mi
9313 Harvard Rd Detroit, MI	3.0	1.5	1329	$1,200	$0.90	17d	1	0.95mi
5966 Eastlawn St Unit NA Detroit, MI	3.0	1.5	1366	$1,500	$1.10	24d	1	0.95mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	43d	1	0.97mi
6225 Oldtown St Detroit, MI	3.0	1.0	1330	$1,199	$0.90	17d	1	0.98mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	43d	1	1.04mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	43d	1	1.05mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	43d	1	1.06mi
17137 Ontario St Unit 1 Detroit, MI	2.0	1.0	982	$1,123	$1.14	24d	1	1.09mi

Listing history 2 events

1. 2026-06-17
   remarks 33-char remark

   Show marketing remark (33 chars)

   Great location close to Outer Dr.

2. 2026-06-17
   listed $62,500 Active 1 DOM

   Show marketing remark (33 chars)

   Great location close to Outer Dr.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,702
• − Mortgage interest: −$3,501
• − Property taxes: −$938
• − Insurance: −$312
• − Repairs & maintenance: −$1,336
• − Management: −$1,336
• − Depreciation: −$1,818
• Taxable income: $7,461
• Est. tax owed @ 24.0%: −$1,791
• After-tax cash flow: $6,221/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

-4.9% since first listed

51 events — show timeline

• 2026-06-17 Listed $62,500 REALCOMP
• 2026-06-17 Listed $62,500 MiRealSource-MiMLS
• 2023-12-28 Listing Removed — MiRealSource-MiMLS
• 2023-12-28 Listing Removed — REALCOMP
• 2023-12-21 Sold (Public Records) $57,000 Public Records
• 2023-12-19 Relisted — MiRealSource-MiMLS
• 2023-12-19 Relisted — REALCOMP
• 2023-11-29 Pending — MiRealSource-MiMLS
• 2023-11-29 Pending — REALCOMP
• 2023-10-11 Price Changed $74,900 MiRealSource-MiMLS
• 2023-10-10 Price Changed $74,900 REALCOMP
• 2023-09-06 Price Changed $79,900 MiRealSource-MiMLS
• 2023-09-05 Price Changed $79,900 REALCOMP
• 2023-08-11 Price Changed $82,900 MiRealSource-MiMLS
• 2023-08-11 Price Changed $82,900 REALCOMP
• 2023-08-06 Price Changed $84,900 MiRealSource-MiMLS
• 2023-08-06 Price Changed $84,900 REALCOMP
• 2023-07-28 Price Changed $89,999 MiRealSource-MiMLS
• 2023-07-27 Price Changed $89,999 REALCOMP
• 2023-07-13 Price Changed $110,000 MiRealSource-MiMLS
• 2023-07-12 Price Changed $110,000 REALCOMP
• 2023-06-29 Listed $99,000 MiRealSource-MiMLS
• 2023-06-29 Listed $99,000 REALCOMP
• 2023-03-02 Relisted — REALCOMP
• 2023-02-01 Listing Removed — MiRealSource-MiMLS
• 2023-01-31 Listing Removed — REALCOMP
• 2023-01-31 Listing Removed — REALCOMP
• 2022-09-15 Price Changed $114,900 MiRealSource-MiMLS
• 2022-09-14 Price Changed $114,900 REALCOMP
• 2022-08-29 Listed $119,900 MiRealSource-MiMLS
• 2022-08-29 Listed $119,900 REALCOMP
• 2006-05-01 Sold (Public Records) $112,000 Public Records
• 2005-10-15 Listing Removed — MiRealSource-MiMLS
• 2005-08-09 Sold (Public Records) $55,000 Public Records
• 2005-07-15 Listed $110,000 MiRealSource-MiMLS
• 2005-07-12 Sold (MLS) $55,000 REALCOMP
• 2005-07-12 Sold (MLS) $55,000 MiRealSource-MiMLS
• 2005-05-13 Listing Removed — MiRealSource-MiMLS
• 2005-04-21 Listed $54,900 REALCOMP
• 2005-04-21 Listed $54,900 MiRealSource-MiMLS
• 2005-02-17 Listing Removed — REALCOMP
• 2004-08-17 Listed $80,000 REALCOMP
• 2004-07-29 Listing Removed — REALCOMP
• 2004-01-29 Listed $79,900 REALCOMP
• 2003-08-29 Sold (Public Records) $74,000 Public Records
• 2003-04-01 Sold (MLS) $74,000 REALCOMP
• 2003-04-01 Sold (MLS) $74,000 MiRealSource-MiMLS
• 2003-01-27 Listing Removed — MiRealSource-MiMLS
• 2002-12-14 Listed $75,900 REALCOMP
• 2002-12-14 Listed $75,900 MiRealSource-MiMLS
• 1993-10-06 Sold (Public Records) $65,711 Public Records

Property tax history

+9.4%/yr

Latest (2025): $6,030 · +0.4% YoY. Source: county tax records.