1073 Colonial Dr · Inkster, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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 +20.1/30.0
- DSCR +6.4/10.0
- 1% rule +5.8/10.0
- Livability +3.4/5.0
- Rent growth +3.2/5.0
- Condition / age +2.5/5.0
- ARV discount +1.2/15.0
- Schools +0.7/10.0
- Appreciation +0.0/10.0
$124,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
Key facts
- Newer hot water tank
- Newer windows
- Brick ranch
Tags
Property features AI
Exterior
- Parking: Detached 2-car garage
- Security: Carbon monoxide detector(s); Smoke detector(s); Closed-circuit cameras
- Utilities: Public water; Public sewer; Cable available
- Home design: Single family residence; One story; Ground-level entry with steps; Brick exterior; Faces unspecified direction
- Construction: Shingle roof; Block foundation; Built with brick construction
- Exterior features: Porch; Back yard fencing; Paved road access
Interior
- Kitchen: Refrigerator; Energy Star refrigerator; Free-standing electric range; Disposal
- Bedrooms: Total of 4 rooms (includes bedrooms and living areas)
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating (natural gas); Ceiling fan(s); No central air
- Interior features: High-speed internet; Basement partially finished
- Laundry & utility: Washer hookup; Electric dryer hookup; Washer; Dryer; Gas water heater
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $125k.
Deal economics
- At list price, monthly cash flow is $155 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $125k).
Location & tenants
- Location reads 67/100 on livability (#406 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D, schools F, crime F.
- Westwood Community School District (suburban): math 6% / reading 11% proficiency, ranked #529 of 540 in MI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising (+3.0%/yr); 146 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 41% 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 $864 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.
Negotiation context
- Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
- 6 sale attempts since 2y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $90k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- 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?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.08% ✓
- Cap rate
- 7.78%
- Cash-on-cash
- 5.30%
- DSCR
- 1.24
- GRM
- 7.7
CMA / ARV
- ARV (on-the-fly)
- $109,668
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1108 Northwood Dr | 0.05mi | 2/1.0 | 714 (-4%) | 15mo | $55,000 | $77 | 80 |
| 1601 Helen St | 0.34mi | 2/1.0 | 740 (-0%) | 5mo | $130,000 | $176 | 79 |
| 1084 Northwood Dr | 0.03mi | 2/1.0 | 714 (-4%) | 18mo | $112,500 | $158 | 77 |
| 1327 Northwood Dr | 0.16mi | 3/1.0 (+1) | 714 (-4%) | 9mo | $57,225 | $80 | 74 |
| 1406 W River Park Dr | 0.43mi | 2/1.0 | 780 (+5%) | 1mo | $110,000 | $141 | 70 |
| 233 Magnolia Dr | 0.49mi | 2/1.0 | 764 (+3%) | 8mo | $60,000 | $79 | 65 |
| 742 Arlington St | 0.66mi | 2/1.0 | 798 (+8%) | 6mo | $131,000 | $164 | 51 |
| 28993 Glenwood Street St | 0.59mi | 3/1.0 (+1) | 816 (+10%) | 3mo | $63,438 | $78 | 48 |
| 752 John Daly St | 0.74mi | 2/1.0 | 791 (+7%) | 9mo | $84,000 | $106 | 47 |
| 811 Arlington Arlington St | 0.69mi | 2/1.5 | 800 (+8%) | 7mo | $125,000 | $156 | 47 |
| 856 Fairwood St | 0.60mi | 2/1.0 | 798 (+8%) | 18mo | $128,000 | $160 | 44 |
| 29119 Parkwood St | 0.69mi | 3/1.0 (+1) | 644 (-13%) | 12mo | $95,000 | $148 | 31 |
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 · 2.95% rent growth · sell at horizon
- IRR
- -8.1%
- Equity multiple
- 0.70×
- Total profit
- $-10,413
- Equity at exit
- $18,623
- IRR
- 1.4%
- Equity multiple
- 1.10×
- Total profit
- $3,540
- Equity at exit
- $10,799
Cash invested: $34,972 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48141
- Home prices YoY
- -2.9%
- Rents YoY
- 3.0%
- Active inventory
- 146
- Price-to-rent
- 7.7×
Monthly cashflow live
- Estimated rent
- $1,355 medium interval (Pro) →
- Mortgage (P&I)
- −$655
- Tax from tax record
- −$209 /mo · $2,503/yr
- Insurance
- −$52
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$284
- Net cashflow
- $155
Break-even live
Sensitivity live
| Price | -10% $225 | -5% $190 | +0% $155 | +5% $119 | +10% $84 |
|---|---|---|---|---|---|
| Rent | -10% $48 | -5% $101 | +0% $155 | +5% $208 | +10% $262 |
| Rate | -1.0pp $217 | -0.5pp $186 | base $155 | +0.5pp $122 | +1.0pp $89 |
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
- $31,225
- Closing costs
- $3,747
- 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 4 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 238 Yorkshire Blvd Dearborn Heights, MI | 1.0–2.0 | 1.0 | 741 | $1,424 | $1.92 | 0d | 15 | 0.71mi |
| 26322 Westphal St Dearborn Heights, MI | 1.0–2.0 | 1.0 | 762 | $1,455 | $1.91 | 0d | 25 | 1.04mi |
| 167 Cherry Valley Dr Inkster, MI | 1.0–2.0 | 1.0 | 784 | $1,395 | $1.78 | 16d | 12 | 1.13mi |
| 130 E Tami Cir Westland, MI | 1.0–2.0 | 1.0–1.5 | 800 | $1,209 | $1.51 | 45d | 3 | 1.43mi |
Listing history 36 events
-
2026-06-21statusdays on market $124,900 Active 3 DOM
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2026-06-18pricestatusdays on market $124,900 Coming Soon 1 DOM
-
2026-06-15days on market $134,900 Active 53 DOM
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2026-06-13days on market $134,900 Active 51 DOM
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2026-06-13days on market $134,900 Active 50 DOM
-
2026-06-10price $134,900 Active 47 DOM
-
2026-06-09days on market $135,000 Active 47 DOM
-
2026-06-08days on market $135,000 Active 46 DOM
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2026-06-07days on market $135,000 Active 45 DOM
-
2026-06-04days on market $135,000 Active 42 DOM
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2026-06-03days on market $135,000 Active 41 DOM
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2026-06-02days on market $135,000 Active 40 DOM
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2026-06-01days on market $135,000 Active 39 DOM
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2026-05-31days on market $135,000 Active 38 DOM
-
2026-05-20status Pending 818-char remark
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
-
2026-05-20status Pending
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
-
2026-05-15price $136,500 818-char remark
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
-
2026-05-14price $136,500
-
2026-05-01price $137,500 818-char remark
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
-
2026-05-01price $137,500
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
-
2026-04-16$145,000 Active 818-char remark
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
-
2026-04-16$145,000 Active
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
-
2026-04-13historical $145,000 818-char remark
Show marketing remark (818 chars)
Charming Brick Ranch Home with 2 bedrooms and 1 full bathroom, kitchen and living room area highlighted by a large picture window. Completely remodeled from top to bottom, this home is Move-in ready. The partially finished basement provides additional living space with the option for a third bedroom, plus a dedicated laundry area. Enjoy peace of mind with newer windows, hot water tank, and included like-new stainless-steel appliances, along with a washer and dryer. Step outside to a fully fenced yard and a newer 2-car garage, perfect for storage and convenience. Located in the Dearborn Manor subdivision near Dearborn Heights and Garden City. Just minutes from shopping, dining, major freeways, and Metro Airport. This home combines comfort, style, and an unbeatable location. C of O ready. Don't miss this one!
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2025-07-01soldstatus $90,000
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2024-10-28historical $1,500
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2024-10-12$1,500
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2024-10-01historical $1,650
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2024-09-02price $1,650
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2024-09-01price $1,700
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2024-08-31$1,750
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2024-08-12soldstatus $73,528 Sold 598-char remark
Show marketing remark (598 chars)
Welcome to this one-story Brick Ranch home. As you step inside you're greeted with a living room with an open picture window perfect for natural lighting, the home features a kitchen and a full bath. This home offers 2 bedrooms each providing a peaceful retreat. The basement presents endless possibilities for additional entertaining space, storage, etc. Outside you'll find a fenced backyard perfect for outdoor activities, gardening, or simply enjoying the fresh air, Completing this home, there is a 2-car detached garage, This brick ranch is more than just a house, it's a place you call home.
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2024-08-12soldstatus $73,528 Closed
Show marketing remark (598 chars)
Welcome to this one-story Brick Ranch home. As you step inside you're greeted with a living room with an open picture window perfect for natural lighting, the home features a kitchen and a full bath. This home offers 2 bedrooms each providing a peaceful retreat. The basement presents endless possibilities for additional entertaining space, storage, etc. Outside you'll find a fenced backyard perfect for outdoor activities, gardening, or simply enjoying the fresh air, Completing this home, there is a 2-car detached garage, This brick ranch is more than just a house, it's a place you call home.
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2024-07-22status Pending
Show marketing remark (598 chars)
Welcome to this one-story Brick Ranch home. As you step inside you're greeted with a living room with an open picture window perfect for natural lighting, the home features a kitchen and a full bath. This home offers 2 bedrooms each providing a peaceful retreat. The basement presents endless possibilities for additional entertaining space, storage, etc. Outside you'll find a fenced backyard perfect for outdoor activities, gardening, or simply enjoying the fresh air, Completing this home, there is a 2-car detached garage, This brick ranch is more than just a house, it's a place you call home.
-
2024-07-22status Pending 598-char remark
Show marketing remark (598 chars)
Welcome to this one-story Brick Ranch home. As you step inside you're greeted with a living room with an open picture window perfect for natural lighting, the home features a kitchen and a full bath. This home offers 2 bedrooms each providing a peaceful retreat. The basement presents endless possibilities for additional entertaining space, storage, etc. Outside you'll find a fenced backyard perfect for outdoor activities, gardening, or simply enjoying the fresh air, Completing this home, there is a 2-car detached garage, This brick ranch is more than just a house, it's a place you call home.
-
2024-07-05$69,900 Active 598-char remark
Show marketing remark (598 chars)
Welcome to this one-story Brick Ranch home. As you step inside you're greeted with a living room with an open picture window perfect for natural lighting, the home features a kitchen and a full bath. This home offers 2 bedrooms each providing a peaceful retreat. The basement presents endless possibilities for additional entertaining space, storage, etc. Outside you'll find a fenced backyard perfect for outdoor activities, gardening, or simply enjoying the fresh air, Completing this home, there is a 2-car detached garage, This brick ranch is more than just a house, it's a place you call home.
-
2024-07-05$69,900 Active
Show marketing remark (598 chars)
Welcome to this one-story Brick Ranch home. As you step inside you're greeted with a living room with an open picture window perfect for natural lighting, the home features a kitchen and a full bath. This home offers 2 bedrooms each providing a peaceful retreat. The basement presents endless possibilities for additional entertaining space, storage, etc. Outside you'll find a fenced backyard perfect for outdoor activities, gardening, or simply enjoying the fresh air, Completing this home, there is a 2-car detached garage, This brick ranch is more than just a house, it's a place you call home.
ⓘ 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
- $2,503 · $209/mo
- Projected year-2 tax
- $2,503 · $209/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 ≥98°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 2/10 Low 1 unhealthy d/yr today · 2 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
- $16,255
- − Mortgage interest
- −$6,996
- − Property taxes
- −$2,503
- − Insurance
- −$624
- − Repairs & maintenance
- −$1,300
- − Management
- −$1,300
- − Depreciation
- −$3,633
- Taxable loss
- −$103
- Est. tax savings @ 24.0%
- +$25
- After-tax cash flow
- $1,879/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
- Westwood Community School District
- NCES district ID
- 2611640
- Math proficiency
- 6% ▼ -6.00%
- Reading proficiency
- 11% ▼ -6.00%
- Median HH income
- $36,350
- Composite
- 7.06/100
- National rank
- #9967
- State rank
- #529 of 540 in MI
Livability — Inkster
- Score
- 67/100
- State rank
- #406
- US rank
- #11087
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Inkster, MI
- County
- Wayne County · 1,562,939 people
- City population
- 25,428
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 25,428
- Household income
- $39,252
- Rent vs Own
- Severe rent burden
- 1558.0
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 (72%)
- Race & ethnicity
- Black 72% White 17% Two or more races 7% Hispanic / Latino 2% Asian 1%
- Common ancestry
- Romanian 3% Slovak 1% Italian 1%
- Foreign-born
- 5% · Canada, China
- Languages at home
- 92% English-only · Arabic 3% Other Asian/Pacific 1% 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
- ▼ -11.74%
- Current HPI
- 390.2139
- Rent YoY
- ▲ 2.95%
- 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
+95.3% since first listed22 events — show timeline
- 2026-05-20 Pending — MiRealSource-MiMLS
- 2026-05-20 Pending — REALCOMP
- 2026-05-15 Price Changed $136,500 MiRealSource-MiMLS
- 2026-05-14 Price Changed $136,500 REALCOMP
- 2026-05-01 Price Changed $137,500 MiRealSource-MiMLS
- 2026-05-01 Price Changed $137,500 REALCOMP
- 2026-04-16 Listed $145,000 MiRealSource-MiMLS
- 2026-04-16 Listed $145,000 REALCOMP
- 2026-04-13 Coming Soon $145,000 MiRealSource-MiMLS
- 2025-07-01 Sold (Public Records) $90,000 Public Records
- 2024-10-28 Rental Removed $1,500 TURBOTENANT
- 2024-10-12 Listed for Rent $1,500 TURBOTENANT
- 2024-10-01 Rental Removed $1,650 TURBOTENANT
- 2024-09-02 Price Changed $1,650 TURBOTENANT
- 2024-09-01 Price Changed $1,700 TURBOTENANT
- 2024-08-31 Listed for Rent $1,750 TURBOTENANT
- 2024-08-12 Sold (MLS) $73,528 MiRealSource-MiMLS
- 2024-08-12 Sold (MLS) $73,528 REALCOMP
- 2024-07-22 Pending — MiRealSource-MiMLS
- 2024-07-22 Pending — REALCOMP
- 2024-07-05 Listed $69,900 MiRealSource-MiMLS
- 2024-07-05 Listed $69,900 REALCOMP
Property tax history
+3.8%/yrLatest (2025): $2,503 · +40.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…