3709 Haverhill St · Detroit, 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 96°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 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- 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
$62,500
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is.
Key facts
- 4,792 sq ft lot
- Built 1924
- Listed 147 days
Neighborhood map
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 $657 ($8k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $62k).
- Recommended offer: $55k (12.0% below list) — sets the bar for market timing.
- Cap rate 18.9% 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 22d 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 38% 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
- It's been on market 147 days — a 12% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
- 18 sale attempts since 19y ago; this cycle's ask has dropped $8k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $1k; list at $62k implies a 6150% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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?
- 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
- 2.25% ✓
- Cap rate
- 18.91%
- Cash-on-cash
- 45.06%
- DSCR
- 3.01
- GRM
- 3.7
CMA / ARV
- ARV (median comp)
- $134,580
- List price
- $62,500
- Delta
- -53.56%
- 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 |
|---|---|---|---|---|---|---|---|
| 3619 Buckingham Ave | 0.10mi | 3/1.5 | 1,374 (+5%) | 1mo | $175,000 | $127 | 84 |
| 4404 Somerset Ave | 0.45mi | 3/1.0 | 1,292 (-1%) | 0mo | $190,000 | $147 | 77 |
| 4605 Devonshire Rd | 0.41mi | 3/1.0 | 1,357 (+4%) | 1mo | $139,000 | $102 | 73 |
| 3677 Somerset Ave | 0.28mi | 3/1.0 | 1,154 (-12%) | 0mo | $69,000 | $60 | 67 |
| 4619 Balfour Rd | 0.47mi | 3/1.0 | 1,188 (-9%) | 2mo | $44,000 | $37 | 62 |
| 4890 Three Mile Dr | 0.64mi | 4/1.5 (+1) | 1,308 (+0%) | 3mo | $150,000 | $115 | 60 |
| 5050 Somerset Ave | 0.74mi | 3/1.0 | 1,356 (+4%) | 1mo | $84,900 | $63 | 58 |
| 1332 Wayburn St | 0.71mi | 3/1.0 | 1,248 (-4%) | 3mo | $335,000 | $268 | 57 |
| 4121 Harvard St | 0.70mi | 3/1.5 | 1,373 (+5%) | 1mo | $189,000 | $138 | 56 |
| 4154 Grayton St | 0.67mi | 3/1.5 | 1,227 (-6%) | 2mo | $215,000 | $175 | 55 |
| 4503 Bishop St | 0.73mi | 3/1.5 | 1,215 (-7%) | 3mo | $158,000 | $130 | 50 |
| 1330 Beaconsfield St | 0.57mi | 4/1.0 (+1) | 1,144 (-12%) | 0mo | $285,000 | $249 | 48 |
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
- IRR
- 39.5%
- Equity multiple
- 2.64×
- Total profit
- $28,627
- Equity at exit
- $9,319
- IRR
- 44.8%
- Equity multiple
- 4.81×
- Total profit
- $66,668
- 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
ZIP-level market 48224
- Rents YoY
- 0.7%
- Active inventory
- 484
- Price-to-rent
- 3.7×
Monthly cashflow live
- Estimated rent
- $1,404 high interval (Pro) →
- Mortgage (P&I)
- −$328
- Tax from tax record
- −$98 /mo · $1,176/yr
- Insurance
- −$26
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$295
- Net cashflow
- $657
Break-even live
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
- —
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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3651 Buckingham Ave Detroit, MI | 3.0 | 1.0 | 1320 | $1,300 | $0.98 | 17d | 1 | 0.09mi |
| 3625 Chatsworth St Detroit, MI | 3.0 | 1.5 | 1182 | $1,295 | $1.10 | 24d | 1 | 0.18mi |
| 3626 Courville St Detroit, MI | 3.0 | 1.0 | 1260 | $1,300 | $1.03 | 43d | 1 | 0.28mi |
| 4151 Nottingham Rd Detroit, MI | 2.0 | 1.0 | 1022 | $1,275 | $1.25 | 17d | 1 | 0.37mi |
| 4627 Bedford St Unit 1 Detroit, MI | 2.0 | 1.0 | 1050 | $945 | $0.90 | 20d | 1 | 0.42mi |
| 4391 Nottingham Rd Unit 4393 Detroit, MI | 2.0 | 1.0 | 1038 | $950 | $0.92 | 5d | 1 | 0.47mi |
| 1312 Somerset Ave Grosse Pointe Park, MI | 2.0 | 1.0 | 1200 | $1,400 | $1.17 | 16d | 1 | 0.56mi |
| 4251 Wayburn St Detroit, MI | 3.0 | 1.5 | 1326 | $1,650 | $1.24 | 43d | 1 | 0.62mi |
| 1334 Maryland St Grosse Pointe Park, MI | 2.0 | 1.0 | 1786 | $1,200 | $0.67 | 18d | 1 | 0.67mi |
| 5028 Bedford St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 5d | 1 | 0.68mi |
| 5031 Bedford St Detroit, MI | 2.0 | 1.0 | 876 | $1,870 | $2.13 | 1d | 1 | 0.68mi |
| 1236 Beaconsfield Ave Unit 1 Grosse Pointe Park, MI | 2.0 | 1.0 | 1100 | $1,600 | $1.45 | 24d | 1 | 0.69mi |
| 1314 Maryland St Grosse Pointe Park, MI | 2.0 | 1.0 | 1008 | $1,250 | $1.24 | 43d | 1 | 0.70mi |
| 1348 Wayburn St Grosse Pointe, MI | 3.0 | 2.0 | 1035 | $2,200 | $2.13 | 24d | 1 | 0.70mi |
| 1300 Maryland St Grosse Pointe Park, MI | 2.0 | 1.0 | 900 | $1,200 | $1.33 | 21d | 1 | 0.72mi |
| 1300 Maryland St Grosse Pointe Park, MI | 2.0 | 1.0 | 900 | $1,200 | $1.33 | 3d | 1 | 0.72mi |
| 5112 Haverhill St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 43d | 1 | 0.74mi |
| 5235 Chatsworth St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 43d | 1 | 0.80mi |
| 5267 Haverhill St Detroit, MI | 3.0 | 1.5 | 1458 | $1,300 | $0.89 | 17d | 1 | 0.82mi |
| 5267 Haverhill St Detroit, MI | 3.0 | 1.5 | 1458 | $1,300 | $0.89 | 16d | 1 | 0.82mi |
| 17137 Ontario St Unit 1 Detroit, MI | 2.0 | 1.0 | 982 | $1,123 | $1.14 | 24d | 1 | 0.94mi |
| 5574 Buckingham Ave Detroit, MI | 3.0 | 1.0 | 1430 | $1,450 | $1.01 | 4d | 1 | 0.96mi |
| 1052 Beaconsfield Ave Grosse Pointe Park, MI | 2.0 | 1.0 | 1000 | $1,350 | $1.35 | 17d | 1 | 0.99mi |
| 1042 Wayburn St Grosse Pointe Park, MI | 3.0 | 1.0 | 1000 | $1,575 | $1.57 | 5d | 1 | 1.06mi |
| 890 Neff Rd Grosse Pointe, MI | 2.0 | 1.0 | 1100 | $2,000 | $1.82 | 24d | 1 | 1.07mi |
| 5751 Nottingham Rd Unit 5/21/26 Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 15d | 1 | 1.11mi |
| 5791 Somerset Ave Detroit, MI | 3.0 | 2.0 | 1660 | $1,400 | $0.84 | 17d | 1 | 1.14mi |
| 5747 Lakepointe St Detroit, MI | 3.0 | 1.5 | 1316 | $1,473 | $1.12 | 43d | 1 | 1.16mi |
| 981 Beaconsfield Ave Grosse Pointe Park, MI | 2.0 | 1.0 | 1000 | $1,095 | $1.09 | 43d | 1 | 1.19mi |
| 5783 Yorkshire Rd Detroit, MI | 2.0 | 1.0 | 1040 | $1,200 | $1.15 | 43d | 1 | 1.21mi |
| 15857 Evanston St Detroit, MI | 3.0 | 1.5 | 1232 | $1,250 | $1.01 | 5d | 1 | 1.30mi |
| 509 Saint Clair Ave Grosse Pointe, MI | 2.0 | 1.0 | 1000 | $1,300 | $1.30 | 43d | 1 | 1.31mi |
| 542 Neff Ln Grosse Pointe, MI | 2.0 | 1.0 | 900 | $1,595 | $1.77 | 43d | 1 | 1.32mi |
| 9409 Balfour Rd Detroit, MI | 3.0 | 1.0 | 1195 | $1,200 | $1.00 | 43d | 1 | 1.34mi |
| 832 Harcourt Rd Grosse Pointe Park, MI | 2.0 | 2.5 | 1675 | $1,850 | $1.10 | 1d | 1 | 1.35mi |
| 861 Beaconsfield Ave Grosse Pointe Park, MI | 2.0 | 1.0 | 1300 | $1,500 | $1.15 | 12d | 1 | 1.39mi |
| 1050 Lakewood St Unit 1S Detroit, MI | 2.0 | 1.0 | 896 | $1,100 | $1.23 | 43d | 1 | 1.41mi |
| 875 Philip St Detroit, MI | 3.0 | 1.0 | 1353 | $1,400 | $1.03 | 43d | 1 | 1.41mi |
| 734 Ashland St Detroit, MI | 3.0 | 1.0 | 1110 | $1,300 | $1.17 | 23d | 1 | 1.45mi |
| 734 Ashland St Detroit, MI | 3.0 | 1.0 | 1110 | $1,300 | $1.17 | 21d | 1 | 1.45mi |
Listing history 50 events
-
2026-06-18days on market $62,500 Active 147 DOM
-
2026-06-17days on market $62,500 Active 146 DOM
-
2026-06-15days on market $62,500 Active 144 DOM
-
2026-06-13days on market $62,500 Active 142 DOM
-
2026-06-13pricedays on market $62,500 Active 141 DOM
-
2026-06-09days on market $65,000 Active 138 DOM
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2026-06-08days on market $65,000 Active 137 DOM
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2026-06-07days on market $65,000 Active 136 DOM
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2026-06-04days on market $65,000 Active 133 DOM
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2026-06-03days on market $65,000 Active 132 DOM
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2026-06-01days on market $65,000 Active 130 DOM
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2026-05-31days on market $65,000 Active 129 DOM
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2026-05-08status Active 902-char remark
Show marketing remark (902 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is.
-
2026-05-06historical 902-char remark
Show marketing remark (902 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is.
-
2026-02-10price $65,000 902-char remark
Show marketing remark (902 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is.
-
2026-02-09price $65,000 1001-char remark
Show marketing remark (1001 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is. This offering is well-suited for investors focused on long-term value creation through renovation.
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2026-02-09price $65,000
Show marketing remark (1001 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is. This offering is well-suited for investors focused on long-term value creation through renovation.
-
2026-01-22$70,000 Active 902-char remark
Show marketing remark (1001 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is. This offering is well-suited for investors focused on long-term value creation through renovation.
-
2026-01-22$70,000 Active 1001-char remark
Show marketing remark (1001 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is. This offering is well-suited for investors focused on long-term value creation through renovation.
-
2026-01-22$70,000 Active
Show marketing remark (1001 chars)
This two-story residential property with a basement offers a classic Detroit footprint and strong value-add potential. Built in 1924, the home features three bedrooms and one bathroom, creating a functional layout suitable for renovation and repositioning. The two full stories plus basement provide flexibility for interior improvements while maintaining a traditional single-family configuration. The property presents an opportunity for investors seeking a project with clear upside through updates and modernization. Its size and layout support multiple renovation approaches, from cosmetic enhancements to more extensive interior improvements. The existing structure offers a solid foundation for executing a value-add strategy. Located within the City of Detroit in Wayne County, the property sits in an established residential area with continued investor interest. The home is being sold as-is. This offering is well-suited for investors focused on long-term value creation through renovation.
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2016-08-03status Pending
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2016-08-01soldstatus $1,000 Sold
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2016-08-01soldstatus $1,000 Closed
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2016-08-01soldstatus $1,000 Closed
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2016-07-14$1,000 Active
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2016-07-14$1,000 Active
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2016-07-14$1,000 Active
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2016-07-13historical
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2016-07-13historical
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2016-07-13historical
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2016-04-29status Active
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2016-04-25historical
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2016-04-16$1,200 Active
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2016-03-15price $1,200
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2016-03-14price $1,200
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2016-02-18price $1,500
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2016-02-17price $1,500
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2016-02-05status Active
-
2016-02-01historical
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2015-11-04price $1,800
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2015-11-04price $1,800
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2015-11-04status Active
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2015-11-04historical
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2015-09-22price $2,300
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2015-09-05price $3,000
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2015-09-04price $3,000
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2015-06-25price $3,800
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2015-06-25price $3,800
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2015-06-24price $5,500
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2015-06-24price $5,500
ⓘ 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
- $1,176 · $98/mo
- Projected year-2 tax
- $1,176 · $98/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 ≥96°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,845
- − Mortgage interest
- −$3,501
- − Property taxes
- −$1,176
- − Insurance
- −$312
- − Repairs & maintenance
- −$1,348
- − Management
- −$1,348
- − Depreciation
- −$1,818
- Taxable income
- $7,342
- Est. tax owed @ 24.0%
- −$1,762
- After-tax cash flow
- $6,124/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
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
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+86.2% since first listed52 events — show timeline
- 2026-05-08 Relisted — MiRealSource-MiMLS
- 2026-05-06 Listing Removed — MiRealSource-MiMLS
- 2026-02-10 Price Changed $65,000 MiRealSource-MiMLS
- 2026-02-09 Price Changed $65,000 REALCOMP
- 2026-02-09 Price Changed $65,000 SW Michigan MLS
- 2026-01-22 Listed $70,000 SW Michigan MLS
- 2026-01-22 Listed $70,000 REALCOMP
- 2026-01-22 Listed $70,000 MiRealSource-MiMLS
- 2016-08-03 Pending — REALCOMP
- 2016-08-01 Sold (MLS) $1,000 MiRealSource-MiMLS
- 2016-08-01 Sold (MLS) $1,000 MiRealSource-MiMLS
- 2016-08-01 Sold (MLS) $1,000 REALCOMP
- 2016-07-14 Listed $1,000 MiRealSource-MiMLS
- 2016-07-14 Listed $1,000 MiRealSource-MiMLS
- 2016-07-14 Listed $1,000 REALCOMP
- 2016-07-13 Listing Removed — REALCOMP
- 2016-07-13 Listing Removed — MiRealSource-MiMLS
- 2016-07-13 Listing Removed — MiRealSource-MiMLS
- 2016-04-29 Relisted — MiRealSource-MiMLS
- 2016-04-25 Listing Removed — MiRealSource-MiMLS
- 2016-04-16 Listed $1,200 MiRealSource-MiMLS
- 2016-03-15 Price Changed $1,200 MiRealSource-MiMLS
- 2016-03-14 Price Changed $1,200 REALCOMP
- 2016-02-18 Price Changed $1,500 MiRealSource-MiMLS
- 2016-02-17 Price Changed $1,500 REALCOMP
- 2016-02-05 Relisted — REALCOMP
- 2016-02-01 Listing Removed — REALCOMP
- 2015-11-04 Price Changed $1,800 MiRealSource-MiMLS
- 2015-11-04 Price Changed $1,800 REALCOMP
- 2015-11-04 Relisted — REALCOMP
- 2015-11-04 Listing Removed — REALCOMP
- 2015-09-22 Price Changed $2,300 MiRealSource-MiMLS
- 2015-09-05 Price Changed $3,000 MiRealSource-MiMLS
- 2015-09-04 Price Changed $3,000 REALCOMP
- 2015-06-25 Price Changed $3,800 MiRealSource-MiMLS
- 2015-06-25 Price Changed $3,800 REALCOMP
- 2015-06-24 Price Changed $5,500 MiRealSource-MiMLS
- 2015-06-24 Price Changed $5,500 REALCOMP
- 2015-05-29 Price Changed $5,700 MiRealSource-MiMLS
- 2015-05-29 Price Changed $5,700 REALCOMP
- 2015-05-10 Listed $6,000 REALCOMP
- 2015-05-04 Listed $6,000 MiRealSource-MiMLS
- 2008-04-30 Listing Removed — REALCOMP
- 2008-04-30 Listing Removed — MiRealSource-MiMLS
- 2007-10-19 Listed $110,000 REALCOMP
- 2007-10-19 Listed $110,000 MiRealSource-MiMLS
- 2007-05-16 Listing Removed — REALCOMP
- 2007-04-23 Listed $34,900 REALCOMP
- 2007-04-22 Listing Removed — MiRealSource-MiMLS
- 2007-04-22 Listing Removed — REALCOMP
- 2007-04-09 Listed $34,900 MiRealSource-MiMLS
- 2007-03-29 Listed $34,900 REALCOMP
Property tax history
+0.7%/yrLatest (2025): $1,176 · -53.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…