6065 Plainview Ave · Detroit, MI 48228

$95,000

2 bd · 1.0 ba · 688 sqft · SingleFamily public records · 119 Days on market

Built 1926 4,792 sqft lot $138/sqft · 123% above area Est $85k · 12% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• ARV discount +2.2/15.0
• Rent growth +1.9/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated Sellers! Seller offering concessions for the buyers. .. Welcome Home! Great Opportunity for First Time Home Buyers and Investors. .. Super Clean & Updated. .. 2 Bedroom Ranch. .. New Flooring Throughout. .. Spacious Layout. .. Large Basement. .. Nice Yard. .. Detached Garage with new door. .. New Roof. .. Schedule your showing today!

Key facts

• New flooring
• Large basement
• New roof

Tags

• NEW FLOORING
• LARGE BASEMENT
• DETACHED GARAGE
• NEW ROOF

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $342 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.

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 soft (-2.3%/yr); 363 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,188/mo this rent would consume 46% of the median local household income ($31k/yr) (locally 4144% 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 $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $86,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — 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. 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: 1.25% ✓
• Cap rate: 10.61%
• Cash-on-cash: 15.42%
• DSCR: 1.69
• GRM: 6.7

CMA / ARV

• ARV (median comp): $85,038
• List price: $95,000
• Delta: 11.72%
• 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
6078 Plainview Ave	0.03mi	2/1.0	700 (+2%)	1mo	$54,500	$78	95
6434 Piedmont St W	0.46mi	2/1.0	693 (+1%)	9mo	$70,000	$101	70
6803 Grandville Ave	0.59mi	2/1.0	700 (+2%)	2mo	$32,000	$46	68
6346 Warwick St	0.45mi	2/1.0	681 (-1%)	12mo	$50,000	$73	67
6803 Plainview Ave	0.53mi	2/1.0	677 (-2%)	8mo	$55,250	$82	66
6136 Brace St	0.58mi	2/1.0	708 (+3%)	9mo	$89,000	$126	60
6339 Warwick St	0.43mi	3/1.0 (+1)	725 (+5%)	8mo	$75,000	$103	60
6394 Westwood St	0.35mi	3/1.0 (+1)	770 (+12%)	2mo	$90,000	$117	57
5706 Greenview Ave	0.68mi	2/1.0	719 (+4%)	10mo	$72,000	$100	53
6893 Plainview Ave	0.62mi	2/1.0	600 (-13%)	2mo	$23,500	$39	48
6816 Evergreen Ave	0.55mi	3/1.0 (+1)	768 (+12%)	7mo	$50,000	$65	44
6426 Artesian St	0.56mi	2/1.0	600 (-13%)	10mo	$45,000	$75	44

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 2.9%
• Equity multiple: 1.11×
• Total profit: $2,873
• Equity at exit: $14,165

10-year hold

• IRR: 9.5%
• Equity multiple: 1.64×
• Total profit: $17,000
• Equity at exit: $8,214

Cash invested: $26,600 (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 48228

• Rents YoY: -2.3%
• Active inventory: 363
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,188 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$59 /mo · $708/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $342

Break-even live

Break-even rent $755

Max offer price $95,000

Occupancy floor 66%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6980 Town Ln Dearborn Heights, MI	1.0	1.0	600	$895	$1.49	17d	1	0.54mi
5777 Southfield Fwy Detroit, MI	2.0	1.0–2.0	667	$1,540	$2.31	3d	10	0.76mi
7635 Evergreen Ave Detroit, MI	3.0	1.0	690	$1,350	$1.96	43d	1	1.00mi
22330 W Warren Ave Redford Charter Twp, MI	2.0	1.0	750	$1,200	$1.60	43d	1	1.37mi

Listing history 18 events

1. 2026-06-18
   days on market $95,000 Active 119 DOM
2. 2026-06-17
   days on market $95,000 Active 118 DOM
3. 2026-06-15
   days on market $95,000 Active 116 DOM
4. 2026-06-13
   days on market $95,000 Active 114 DOM
5. 2026-06-13
   days on market $95,000 Active 113 DOM
6. 2026-06-09
   days on market $95,000 Active 110 DOM
7. 2026-06-08
   days on market $95,000 Active 109 DOM
8. 2026-06-07
   days on market $95,000 Active 108 DOM
9. 2026-06-04
   days on market $95,000 Active 105 DOM
10. 2026-06-03
    days on market $95,000 Active 104 DOM
11. 2026-06-01
    days on market $95,000 Active 102 DOM
12. 2026-05-31
    days on market $95,000 Active 101 DOM
13. 2026-04-25
    price $95,000 351-char remark

    Show marketing remark (351 chars)

    Motivated Sellers! Seller offering concessions for the buyers. .. Welcome Home! Great Opportunity for First Time Home Buyers and Investors. .. Super Clean & Updated. .. 2 Bedroom Ranch. .. New Flooring Throughout. .. Spacious Layout. .. Large Basement. .. Nice Yard. .. Detached Garage with new door. .. New Roof. .. Schedule your showing today!

14. 2026-04-24
    price $95,000 351-char remark

    Show marketing remark (351 chars)

    Motivated Sellers! Seller offering concessions for the buyers. .. Welcome Home! Great Opportunity for First Time Home Buyers and Investors. .. Super Clean & Updated. .. 2 Bedroom Ranch. .. New Flooring Throughout. .. Spacious Layout. .. Large Basement. .. Nice Yard. .. Detached Garage with new door. .. New Roof. .. Schedule your showing today!

15. 2026-02-19
    listed $99,900 Active 351-char remark

    Show marketing remark (351 chars)

    Motivated Sellers! Seller offering concessions for the buyers. .. Welcome Home! Great Opportunity for First Time Home Buyers and Investors. .. Super Clean & Updated. .. 2 Bedroom Ranch. .. New Flooring Throughout. .. Spacious Layout. .. Large Basement. .. Nice Yard. .. Detached Garage with new door. .. New Roof. .. Schedule your showing today!

16. 2026-02-19
    listed $99,900 Active 351-char remark

    Show marketing remark (351 chars)

    Motivated Sellers! Seller offering concessions for the buyers. .. Welcome Home! Great Opportunity for First Time Home Buyers and Investors. .. Super Clean & Updated. .. 2 Bedroom Ranch. .. New Flooring Throughout. .. Spacious Layout. .. Large Basement. .. Nice Yard. .. Detached Garage with new door. .. New Roof. .. Schedule your showing today!

17. 2026-01-11
    historical $1,150
18. 2025-11-15
    listed $1,150

ⓘ 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: $708 · $59/mo
• Projected year-2 tax: $1,086 · $90/mo
• Expected delta: +$377/yr (+$31/mo · 53.3%)

ⓘ 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 ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,257
• − Mortgage interest: −$5,321
• − Property taxes: −$708
• − Insurance: −$475
• − Repairs & maintenance: −$1,141
• − Management: −$1,141
• − Depreciation: −$2,764
• Taxable income: $2,707
• Est. tax owed @ 24.0%: −$650
• After-tax cash flow: $3,452/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): 50,117
• Household income: $30,680
• Rent vs Own: 50.7% rent · 49.3% own
• Severe rent burden: 4144.0

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 (71%)
• Race & ethnicity: Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Arab 2% Romanian 2% Lithuanian 1%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 11% Spanish 5%

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: ▼ -160.81%
• Current HPI: 168.6843
• Rent YoY: ▼ -2.30%
• 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

+8160.9% since first listed

6 events — show timeline

• 2026-04-25 Price Changed $95,000 MiRealSource-MiMLS
• 2026-04-24 Price Changed $95,000 REALCOMP
• 2026-02-19 Listed $99,900 REALCOMP
• 2026-02-19 Listed $99,900 MiRealSource-MiMLS
• 2026-01-11 Rental Removed $1,150 RENTLY
• 2025-11-15 Listed for Rent $1,150 RENTLY

Property tax history

-3.5%/yr

Latest (2025): $708 · -6.6% YoY. Source: county tax records.