5063 Mcclellan St · Detroit, MI 48213

$140,000

3 bd · 1.0 ba · 1,306 sqft · SingleFamily public records · 37 Days on market

Built 1914 3,485 sqft lot $107/sqft · at area comps ↓ 35% since listing

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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 +20.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +4.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely rebuilt and ready for its next chapter, this Detroit colonial delivers a fresh start from top to bottom. Updated exterior finishes and a clean, inviting front porch set the tone, while the fenced backyard adds privacy and usable outdoor space. Step inside to a bright, open main level with updated flooring and a seamless flow between living and dining spaces. Large windows bring in natural light, creating a warm, comfortable feel throughout. The kitchen has been fully refreshed with new cabinetry, clean finishes, and a functional layout designed for everyday use. Upstairs, you'll find three bedrooms, including a finished attic conversion that adds valuable additional living space. Each room features updated flooring, neutral tones, and a clean, move-in-ready feel. The home includes one full bath and one half bath, both updated with modern fixtures and finishes. The basement offers additional usable space with partial finishing, giving flexibility for storage, workspace, or future customization. Mechanical systems including plumbing and electrical have been fully redone as part of the renovation, providing peace of mind moving forward. Outdoor space continues to deliver with a fenced yard, rear patio area, and balcony off the upper level, creating multiple spots to enjoy the property. Street parking keeps things simple and consistent with the surrounding area. Located near E Warren and McClellan with easy access to main roads and city amenities, this is a fully renovated opportunity with strong long-term potential. Schedule your showing and see it in person.

Key facts

• 3,485 sq ft lot
• Built 1914
• Listed 37 days

Property features AI

Finance

• Other: Lot is level with paved road access; lot dimensions approximately 30 x 120 (0.08 acres)
• HOA & community: Sidewalks; Pets allowed

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Circuit breaker electric; Cable available; Underground utilities
• Home design: Single-family residence; Residential property; Ground-level entry
• Construction: Vinyl siding; Brick/mortar foundation; Asphalt roof; Built-up living area above grade and finished basement space (below-grade finished area present)
• Exterior features: Balcony; Outdoor lighting; Patio; Porch; Back yard fencing (fenced)

Interior

• Kitchen: Free-standing gas oven; Free-standing gas range; Gas water heater
• Bedrooms: 6 total rooms (bedroom count not specified)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Window cooling units
• Interior features: High-speed internet; Smart thermostat; Unfurnished
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $177 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (3.0% below list).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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: 190 active listings in the ZIP; 23 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).
• At $1,358/mo this rent would consume 48% of the median local household income ($34k/yr) (locally 1202% 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 $968 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

• It's been on market 37 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $75k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.97% ✗
• Cap rate: 7.81%
• Cash-on-cash: 5.42%
• DSCR: 1.24
• GRM: 8.6

CMA / ARV

• ARV (median comp): $474,954
• List price: $140,000
• Delta: -70.52%
• Verdict: UNDERPRICED
• Comps: 14 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5239 Crane St	0.29mi	3/1.0	1,404 (+8%)	4mo	$24,500	$17	71
5855 Hurlbut St	0.57mi	3/1.0	1,296 (-1%)	5mo	$119,900	$93	68
4533 Mcclellan St	0.31mi	3/1.0	1,194 (-9%)	7mo	$86,000	$72	66
5171 Burns St	0.39mi	3/1.0	1,425 (+9%)	3mo	$20,000	$14	64
5326 Belvidere St	0.16mi	4/1.5 (+1)	1,469 (+12%)	5mo	$82,500	$56	60
3872 Fischer St	0.66mi	3/1.0	1,288 (-1%)	9mo	$62,500	$49	59
4472 French Rd	0.67mi	3/1.0	1,245 (-5%)	4mo	$98,000	$79	58
5406 Iroquois St	0.52mi	4/1.0 (+1)	1,371 (+5%)	11mo	$80,000	$58	53
4780 Hurlbut St	0.34mi	4/2.0 (+1)	1,489 (+14%)	2mo	$155,000	$104	50
4481 Seminole St	0.62mi	3/1.5	1,426 (+9%)	8mo	$77,000	$54	47
5832 Garland St	0.68mi	3/1.0	1,169 (-10%)	6mo	$29,900	$26	45
4688 French Rd	0.60mi	4/2.0 (+1)	1,458 (+12%)	4mo	$170,000	$117	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -7.9%
• Equity multiple: 0.71×
• Total profit: $-11,430
• Equity at exit: $20,874

10-year hold

• IRR: 1.6%
• Equity multiple: 1.11×
• Total profit: $4,474
• Equity at exit: $12,105

Cash invested: $39,200 (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 48213

• Active inventory: 190
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,358 high
• Mortgage (P&I): −$734
• Tax from tax record: −$103 /mo · $1,239/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $177

Break-even live

Break-even rent $1,134

Max offer price $140,000

Occupancy floor 82%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5342 Cooper St Detroit, MI	3.0	1.0	1125	$1,200	$1.07	24d	1	0.17mi
8843 E Canfield St Detroit, MI	4.0	2.0	1200	$2,400	$2.00	43d	1	0.46mi
4190 Hurlbut St Unit 2 Detroit, MI	2.0	1.0	900	$945	$1.05	15d	1	0.57mi
5858 Seneca St Detroit, MI	3.0	1.0	1348	$999	$0.74	17d	1	0.62mi
5380 Maxwell St Unit 5380 Detroit, MI	2.0	1.0	1100	$900	$0.82	17d	1	0.62mi
4487 French Rd Detroit, MI	4.0	2.0	1280	$1,800	$1.41	43d	1	0.63mi
4169 Burns St Detroit, MI	4.0	2.5	1326	$2,300	$1.73	24d	1	0.64mi
5045 Fairview St Detroit, MI	3.0	1.0	1303	$1,200	$0.92	43d	1	0.74mi
4811 Seyburn St Detroit, MI	3.0	1.0	1196	$1,037	$0.87	17d	1	0.81mi
3475 Crane St Detroit, MI	3.0	1.5	1000	$1,338	$1.34	43d	1	0.91mi
3501 Garland St Detroit, MI	2.0	1.0	1000	$900	$0.90	24d	1	0.91mi
3495 Garland St Detroit, MI	2.0	1.0	1100	$900	$0.82	43d	1	0.92mi
9354 Bessemore St Detroit, MI	3.0	1.0	1125	$1,294	$1.15	17d	1	0.96mi
4055 Beniteau St Detroit, MI	2.0	1.0	1000	$900	$0.90	17d	1	0.96mi
3937 Beniteau St Detroit, MI	2.0	1.0	900	$950	$1.06	15d	1	1.02mi
3937 Beniteau St Unit 1 Detroit, MI	2.0	1.0	1250	$900	$0.72	43d	1	1.02mi
3032 Hurlbut St Unit 1 Detroit, MI	2.0	1.0	950	$900	$0.95	3d	1	1.03mi
9142 Isham Detroit, MI	3.0	1.0	1000	$1,344	$1.34	17d	1	1.19mi
2544 Cadillac Blvd Unit 2 Detroit, MI	2.0	1.0	973	$825	$0.85	23d	1	1.25mi
8215 Badger St Detroit, MI	2.0	1.0	1000	$1,000	$1.00	15d	1	1.27mi
2282 Belvidere St Unit 102 Detroit, MI	2.0	2.0	1000	$1,250	$1.25	43d	1	1.29mi
3460 Field St Detroit, MI	2.0	1.0	1000	$1,260	$1.26	5d	1	1.35mi
2972 Field St Detroit, MI	3.0	1.0	1225	$1,395	$1.14	17d	1	1.46mi

Listing history 14 events

1. 2026-06-15
   statusdays on market $140,000 Pending 37 DOM
2. 2026-06-13
   days on market $140,000 Active 36 DOM
3. 2026-06-13
   days on market $140,000 Active 35 DOM
4. 2026-06-09
   days on market $140,000 Active 32 DOM
5. 2026-06-08
   days on market $140,000 Active 31 DOM
6. 2026-06-07
   pricedays on market $140,000 Active 30 DOM
7. 2026-06-04
   days on market $150,000 Active 27 DOM
8. 2026-06-03
   days on market $150,000 Active 26 DOM
9. 2026-06-02
   days on market $150,000 Active 25 DOM
10. 2026-06-01
    days on market $150,000 Active 24 DOM
11. 2026-05-31
    days on market $150,000 Active 23 DOM
12. 2026-05-09
    listed $215,000 Active 1593-char remark

    Show marketing remark (1593 chars)

    Completely rebuilt and ready for its next chapter, this Detroit colonial delivers a fresh start from top to bottom. Updated exterior finishes and a clean, inviting front porch set the tone, while the fenced backyard adds privacy and usable outdoor space. Step inside to a bright, open main level with updated flooring and a seamless flow between living and dining spaces. Large windows bring in natural light, creating a warm, comfortable feel throughout. The kitchen has been fully refreshed with new cabinetry, clean finishes, and a functional layout designed for everyday use. Upstairs, you'll find three bedrooms, including a finished attic conversion that adds valuable additional living space. Each room features updated flooring, neutral tones, and a clean, move-in-ready feel. The home includes one full bath and one half bath, both updated with modern fixtures and finishes. The basement offers additional usable space with partial finishing, giving flexibility for storage, workspace, or future customization. Mechanical systems including plumbing and electrical have been fully redone as part of the renovation, providing peace of mind moving forward. Outdoor space continues to deliver with a fenced yard, rear patio area, and balcony off the upper level, creating multiple spots to enjoy the property. Street parking keeps things simple and consistent with the surrounding area. Located near E Warren and McClellan with easy access to main roads and city amenities, this is a fully renovated opportunity with strong long-term potential. Schedule your showing and see it in person.

13. 2026-05-09
    listed $215,000 Active 1599-char remark

    Show marketing remark (1593 chars)

    Completely rebuilt and ready for its next chapter, this Detroit colonial delivers a fresh start from top to bottom. Updated exterior finishes and a clean, inviting front porch set the tone, while the fenced backyard adds privacy and usable outdoor space. Step inside to a bright, open main level with updated flooring and a seamless flow between living and dining spaces. Large windows bring in natural light, creating a warm, comfortable feel throughout. The kitchen has been fully refreshed with new cabinetry, clean finishes, and a functional layout designed for everyday use. Upstairs, you'll find three bedrooms, including a finished attic conversion that adds valuable additional living space. Each room features updated flooring, neutral tones, and a clean, move-in-ready feel. The home includes one full bath and one half bath, both updated with modern fixtures and finishes. The basement offers additional usable space with partial finishing, giving flexibility for storage, workspace, or future customization. Mechanical systems including plumbing and electrical have been fully redone as part of the renovation, providing peace of mind moving forward. Outdoor space continues to deliver with a fenced yard, rear patio area, and balcony off the upper level, creating multiple spots to enjoy the property. Street parking keeps things simple and consistent with the surrounding area. Located near E Warren and McClellan with easy access to main roads and city amenities, this is a fully renovated opportunity with strong long-term potential. Schedule your showing and see it in person.

14. 2026-05-07
    historical $215,000 1593-char remark

    Show marketing remark (1593 chars)

    Completely rebuilt and ready for its next chapter, this Detroit colonial delivers a fresh start from top to bottom. Updated exterior finishes and a clean, inviting front porch set the tone, while the fenced backyard adds privacy and usable outdoor space. Step inside to a bright, open main level with updated flooring and a seamless flow between living and dining spaces. Large windows bring in natural light, creating a warm, comfortable feel throughout. The kitchen has been fully refreshed with new cabinetry, clean finishes, and a functional layout designed for everyday use. Upstairs, you'll find three bedrooms, including a finished attic conversion that adds valuable additional living space. Each room features updated flooring, neutral tones, and a clean, move-in-ready feel. The home includes one full bath and one half bath, both updated with modern fixtures and finishes. The basement offers additional usable space with partial finishing, giving flexibility for storage, workspace, or future customization. Mechanical systems including plumbing and electrical have been fully redone as part of the renovation, providing peace of mind moving forward. Outdoor space continues to deliver with a fenced yard, rear patio area, and balcony off the upper level, creating multiple spots to enjoy the property. Street parking keeps things simple and consistent with the surrounding area. Located near E Warren and McClellan with easy access to main roads and city amenities, this is a fully renovated opportunity with strong long-term potential. Schedule your showing and see it in person.

ⓘ 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: $1,239 · $103/mo
• Projected year-2 tax: $1,698 · $141/mo
• Expected delta: +$458/yr (+$38/mo · 37.0%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,297
• − Mortgage interest: −$7,842
• − Property taxes: −$1,239
• − Insurance: −$700
• − Repairs & maintenance: −$1,304
• − Management: −$1,304
• − Depreciation: −$4,073
• Taxable loss: −$165
• Est. tax savings @ 24.0%: +$40
• After-tax cash flow: $2,165/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): 20,075
• Household income: $34,003
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1202.0

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 (92%)
• Race & ethnicity: Black 92% White 4% Hispanic / Latino 2% Two or more races 1%
• Common ancestry: Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Arabic 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: ▼ -122.86%
• Current HPI: 217.2037
• Rent YoY: —
• 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

-34.9% since first listed

11 events — show timeline

• 2026-06-14 Pending — REALCOMP
• 2026-06-14 Pending — MiRealSource-MiMLS
• 2026-06-05 Price Changed $140,000 MiRealSource-MiMLS
• 2026-06-04 Price Changed $140,000 REALCOMP
• 2026-05-21 Price Changed $150,000 MiRealSource-MiMLS
• 2026-05-21 Price Changed $150,000 REALCOMP
• 2026-05-21 Price Changed $140,000 MiRealSource-MiMLS
• 2026-05-21 Price Changed $140,000 REALCOMP
• 2026-05-09 Listed $215,000 MiRealSource-MiMLS
• 2026-05-09 Listed $215,000 REALCOMP
• 2026-05-07 Coming Soon $215,000 MiRealSource-MiMLS

Property tax history

+6.5%/yr

Latest (2025): $1,239 · +0.0% YoY. Source: county tax records.