17267 Warwick St · Detroit, MI 48219

$73,500

3 bd · 1.0 ba · 1,082 sqft · SingleFamily public records · 91 Days on market

Built 1950 4,792 sqft lot $68/sqft · 36% below area Est $114k · 36% under

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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
• Rent growth +4.5/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming brick bungalow featuring 3 bedrooms, 1.5 baths, and a full basement. The home offers a spacious living room with a large picture window that brings in plenty of natural light, a formal dining room, and a fenced rear yard perfect for outdoor enjoyment. Great opportunity for an owner-occupant or investor. All offers are subject to third-party approval.

Key facts

• Brick bungalow
• Full basement
• Fenced rear yard

Tags

• BRICK BUNGALOW
• FULL BASEMENT
• FENCED REAR YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $74k.

Deal economics

• At list price, monthly cash flow is $476 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $74k).
• Recommended offer: $67k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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 rising fast (+8.0%/yr); 305 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 39% of the median local income ($44k/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 $508 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 + 8.0% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y 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: property tax is 3.7% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,885 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 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 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.92% ✓
• Cap rate: 14.06%
• Cash-on-cash: 27.75%
• DSCR: 2.23
• GRM: 4.3

CMA / ARV

• ARV (median comp): $114,324
• List price: $73,500
• Delta: -35.71%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19003 Curtis St	0.33mi	3/1.0	1,138 (+5%)	1mo	$95,000	$83	75
17694 Shaftsbury Ave	0.28mi	2/1.5 (-1)	1,058 (-2%)	4mo	$90,000	$85	73
19105 Curtis St	0.32mi	3/1.5	1,156 (+7%)	3mo	$97,422	$84	69
18217 Archdale St	0.73mi	3/1.0	1,085 (+0%)	0mo	$82,000	$76	65
19352 Margareta St	0.67mi	3/1.0	1,060 (-2%)	3mo	$105,000	$99	63
18801 Margareta St	0.62mi	3/1.0	1,045 (-3%)	3mo	$60,000	$57	63
18431 Edinborough Rd	0.57mi	3/1.0	1,000 (-8%)	4mo	$95,000	$95	58
17511 Westmoreland Rd	0.38mi	3/2.0	939 (-13%)	1mo	$100,000	$106	56
18631 Margareta St	0.63mi	3/1.0	950 (-12%)	0mo	$62,000	$65	50
18452 Shaftsbury Ave	0.54mi	3/1.0	927 (-14%)	4mo	$55,000	$59	48
18555 Edinborough Rd	0.68mi	3/1.0	950 (-12%)	2mo	$70,000	$74	46
16550 Stahelin Ave	0.52mi	2/1.0 (-1)	923 (-15%)	2mo	$115,000	$125	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 28.2%
• Equity multiple: 2.26×
• Total profit: $25,980
• Equity at exit: $10,959

10-year hold

• IRR: 38.8%
• Equity multiple: 5.67×
• Total profit: $96,082
• Equity at exit: $6,355

Cash invested: $20,580 (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 48219

• Home prices YoY: -10.3%
• Rents YoY: 8.0%
• Active inventory: 305
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,414 high
• Mortgage (P&I): −$385
• Tax from tax record: −$225 /mo · $2,697/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $476

Break-even live

Break-even rent $811

Max offer price $73,500

Occupancy floor 61%

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: $18,375
• Closing costs: $2,205
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17238 Shaftsbury Ave Detroit, MI	3.0	1.0	1200	$1,550	$1.29	43d	1	0.04mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	43d	1	0.25mi
16823 Stahelin Ave Detroit, MI	3.0	2.5	1500	$1,600	$1.07	17d	1	0.32mi
17654 Greenview Ave Detroit, MI	4.0	1.0	1377	$1,350	$0.98	16d	1	0.36mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	16d	1	0.52mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	43d	1	0.55mi
18134 Vaughan St Detroit, MI	3.0	1.0	1060	$1,150	$1.08	16d	1	0.56mi
18191 Heyden St Detroit, MI	2.0	1.0	917	$1,100	$1.20	24d	1	0.64mi
18659 Shaftsbury Ave Detroit, MI	3.0	1.0	763	$1,373	$1.80	12d	1	0.66mi
18699 Shaftsbury Ave Detroit, MI	2.0	1.0	800	$1,000	$1.25	43d	1	0.70mi
18461 Heyden St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	4d	1	0.75mi
18205 Stout St Detroit, MI	3.0	1.0	901	$1,078	$1.20	24d	1	0.75mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	16d	1	0.76mi
17624 Patton St Detroit, MI	3.0	1.0	1260	$1,695	$1.35	43d	1	0.78mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	43d	1	0.78mi
18274 Fielding St Detroit, MI	2.0	1.0	700	$1,200	$1.71	16d	1	0.81mi
18556 Kentfield St Detroit, MI	3.0	1.0	952	$1,250	$1.31	2d	1	0.84mi
15829 Minock St Detroit, MI	3.0	1.5	1200	$1,550	$1.29	24d	1	0.84mi
16194 Fielding St Unit 2 Detroit, MI	2.0	1.0	750	$950	$1.27	14d	1	0.89mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	43d	1	0.90mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	4d	1	0.90mi
15815 Evergreen Rd Detroit, MI	3.0	1.0	1350	$1,300	$0.96	43d	1	0.90mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	43d	1	0.99mi
15712 Evergreen Rd Detroit, MI	2.0	1.0	850	$1,050	$1.24	43d	1	0.99mi
15712 Vaughan St Detroit, MI	3.0	1.0	1280	$1,400	$1.09	14d	1	1.02mi
15519 Plainview Ave Detroit, MI	3.0	1.0	900	$1,396	$1.55	16d	1	1.04mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	14d	1	1.05mi
16717 Trinity St Detroit, MI	3.0	1.5	1101	$1,250	$1.14	43d	1	1.06mi
17255 Westbrook St Detroit, MI	3.0	2.0	1500	$1,450	$0.97	11d	1	1.09mi
18437 Trinity St Detroit, MI	3.0	1.0	875	$1,364	$1.56	14d	1	1.12mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	43d	1	1.13mi
17721 Westbrook St Detroit, MI	4.0	1.0	1040	$1,125	$1.08	24d	1	1.14mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$850	$1.21	43d	2	1.15mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$838	$1.20	24d	2	1.15mi
17274 Bentler St #46 Detroit, MI	2.0	1.0	700	$850	$1.21	16d	1	1.16mi
17201 Saint Marys St Detroit, MI	2.0	1.0	1200	$1,200	$1.00	2d	1	1.17mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	24d	1	1.18mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	3d	1	1.18mi
19457 Evergreen Rd Detroit, MI	2.0	1.0	1100	$1,200	$1.09	43d	1	1.20mi
18025 Bentler St Detroit, MI	3.0	1.0	728	$1,250	$1.72	24d	1	1.22mi

Listing history 35 events

1. 2026-06-18
   days on market $73,500 Active 91 DOM
2. 2026-06-17
   days on market $73,500 Active 90 DOM
3. 2026-06-15
   days on market $73,500 Active 88 DOM
4. 2026-06-13
   days on market $73,500 Active 86 DOM
5. 2026-06-13
   days on market $73,500 Active 85 DOM
6. 2026-06-09
   days on market $73,500 Active 82 DOM
7. 2026-06-08
   days on market $73,500 Active 81 DOM
8. 2026-06-07
   days on market $73,500 Active 80 DOM
9. 2026-06-04
   days on market $73,500 Active 77 DOM
10. 2026-06-03
    days on market $73,500 Active 76 DOM
11. 2026-06-01
    days on market $73,500 Active 74 DOM
12. 2026-05-31
    days on market $73,500 Active 73 DOM
13. 2026-03-19
    listed $73,500 Active 361-char remark

    Show marketing remark (361 chars)

    Charming brick bungalow featuring 3 bedrooms, 1.5 baths, and a full basement. The home offers a spacious living room with a large picture window that brings in plenty of natural light, a formal dining room, and a fenced rear yard perfect for outdoor enjoyment. Great opportunity for an owner-occupant or investor. All offers are subject to third-party approval.

14. 2026-03-19
    listed $73,500 Active 361-char remark

    Show marketing remark (361 chars)

    Charming brick bungalow featuring 3 bedrooms, 1.5 baths, and a full basement. The home offers a spacious living room with a large picture window that brings in plenty of natural light, a formal dining room, and a fenced rear yard perfect for outdoor enjoyment. Great opportunity for an owner-occupant or investor. All offers are subject to third-party approval.

15. 2023-02-02
    soldstatus $98,000
16. 2023-01-31
    soldstatus $98,000 Sold
17. 2023-01-31
    soldstatus $98,000 Closed
18. 2022-12-19
    status Pending
19. 2022-12-19
    status Pending
20. 2022-12-01
    historical Accepting Backup Offers
21. 2022-12-01
    historical Accepting Backup Offers
22. 2022-11-14
    price $112,000
23. 2022-11-11
    price $112,000
24. 2022-10-29
    price $114,900
25. 2022-10-29
    price $114,900
26. 2022-10-06
    price $119,000
27. 2022-10-06
    price $119,000
28. 2022-09-26
    listed $125,000 Active
29. 2022-09-26
    listed $125,000 Active
30. 2021-12-28
    historical
31. 2021-11-17
    status Pending
32. 2021-11-17
    status Pending
33. 2021-11-16
    historical
34. 2021-11-12
    listed $50,000 Active
35. 2021-11-12
    listed $50,000 Active

ⓘ 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: $2,697 · $225/mo
• Projected year-2 tax: $2,697 · $225/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 2/10 Low 7 d/yr ≥98°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: $16,964
• − Mortgage interest: −$4,117
• − Property taxes: −$2,697
• − Insurance: −$368
• − Repairs & maintenance: −$1,357
• − Management: −$1,357
• − Depreciation: −$2,138
• Taxable income: $4,930
• Est. tax owed @ 24.0%: −$1,183
• After-tax cash flow: $4,529/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): 47,208
• Household income: $43,655
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 3584.0

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 5% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% 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: ▼ -65.06%
• Current HPI: 563.3263
• Rent YoY: ▲ 8.04%
• 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

+47.0% since first listed

23 events — show timeline

• 2026-03-19 Listed $73,500 REALCOMP
• 2026-03-19 Listed $73,500 MiRealSource-MiMLS
• 2023-02-02 Sold (Public Records) $98,000 Public Records
• 2023-01-31 Sold (MLS) $98,000 MiRealSource-MiMLS
• 2023-01-31 Sold (MLS) $98,000 REALCOMP
• 2022-12-19 Pending — MiRealSource-MiMLS
• 2022-12-19 Pending — REALCOMP
• 2022-12-01 Contingent — MiRealSource-MiMLS
• 2022-12-01 Contingent — REALCOMP
• 2022-11-14 Price Changed $112,000 MiRealSource-MiMLS
• 2022-11-11 Price Changed $112,000 REALCOMP
• 2022-10-29 Price Changed $114,900 MiRealSource-MiMLS
• 2022-10-29 Price Changed $114,900 REALCOMP
• 2022-10-06 Price Changed $119,000 MiRealSource-MiMLS
• 2022-10-06 Price Changed $119,000 REALCOMP
• 2022-09-26 Listed $125,000 MiRealSource-MiMLS
• 2022-09-26 Listed $125,000 REALCOMP
• 2021-12-28 Listing Removed — REALCOMP
• 2021-11-17 Pending — MiRealSource-MiMLS
• 2021-11-17 Pending — REALCOMP
• 2021-11-16 Listing Removed — MiRealSource-MiMLS
• 2021-11-12 Listed $50,000 MiRealSource-MiMLS
• 2021-11-12 Listed $50,000 REALCOMP

Property tax history

+4.1%/yr

Latest (2025): $2,697 · -40.3% YoY. Source: county tax records.