3745 Hogarth St · Detroit, MI 48206

$95,000

4 bd · 2.0 ba · 2,264 sqft · Townhouse public records · 41 Days on market

Built 1915 3,920 sqft lot $42/sqft · 51% above area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTENTION INVESTORS AND ENTREPRENEURS: ARV $260K. New Windows, New electrical, New plumbing and New mechanicals. Bring your vision and finish the project. The next block is fully occupied. This block in under construction! Minutes from Boston/Edison Historical District. This property boasts three potential units, one potential in the lower level. This property has a LIVABLE unit! Move in and renovate! Grab this rare opportunity to own a 2(4 potential)-unit multi-family property at 3745 Hogarth, Detroit! Stripped to the studs and ready for your vision, with one LIVABLE UNIT - the hard work is already done! Three separate meters make management and tenant billing simple and efficient. Offering an impressive 3,391 total square feet, this property features two main units at 2,264 sq ft, plus a potential efficiency unit in the attic or use the attic a primary suite and a 1,127 sq ft basement unit. Units are generously sized with 2 bedrooms and 1 bath, making them highly attractive to quality tenants commanding $1200 rental rates . Whether you're a seasoned investor or an owner-occupant looking to live in one unit while renting the others, this has a livable unit and is ready for your custom finishes. Move in, renovate at your own pace, and build serious equity in one of Detroit's emerging neighborhoods. The heavy lifting is done - bring your design ideas and turn this diamond in the rough into a cash-flowing asset. Opportunities like this don't last! VIDEO TOUR AVAILABLE!

Key facts

• New plumbing
• New electrical
• New mechanicals

Tags

• NEW ELECTRICAL
• NEW PLUMBING
• NEW MECHANICALS

Property features AI

Exterior

• Parking: Four parking spaces; Parking lot with assigned and unassigned spaces
• Utilities: Public water; Public sewer
• Home design: Multi-family residential income property; Brick construction
• Construction: Brick exterior; Block foundation
• Exterior features: Paved road access; Pets allowed

Interior

• Bathrooms: Four full bathrooms
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Full unfinished basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $95k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.1% 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 (+5.2%/yr); 271 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $2,117/mo this rent would consume 56% of the median local household income ($45k/yr) (locally 646% 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.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $27k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 2 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 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 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 1915 — 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. 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.
7. 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.
8. 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: 2.23% ✓
• Cap rate: 19.12%
• Cash-on-cash: 45.82%
• DSCR: 3.04
• GRM: 3.7

CMA / ARV

• ARV (median comp): $63,103
• List price: $95,000
• Delta: 50.55%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.2% rent growth · sell at horizon

5-year hold

• IRR: 45.5%
• Equity multiple: 3.03×
• Total profit: $54,119
• Equity at exit: $14,165

10-year hold

• IRR: 52.3%
• Equity multiple: 6.68×
• Total profit: $151,113
• 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 48206

• Rents YoY: 5.2%
• Active inventory: 271
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $2,117 high
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $1,016

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 47%

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 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3799 W Philadelphia St Detroit, MI	5.0	2.0	2200	$1,650	$0.75	16d	1	0.41mi
2509 Gladstone St Unit 1 Detroit, MI	3.0	2.0	3000	$2,650	$0.88	1d	1	0.85mi
5315 Spokane St Detroit, MI	3.0	1.0	2110	$1,200	$0.57	16d	1	0.86mi
8951 La Salle Blvd Unit NA Detroit, MI	4.0	2.5	2440	$2,500	$1.02	10d	1	1.01mi
8951 La Salle Blvd Detroit, MI	5.0	2.5	2440	$2,500	$1.02	14d	1	1.01mi
8951 La Salle Blvd Detroit, MI	4.0	2.5	2440	$2,500	$1.02	1d	1	1.01mi
2080 Gladstone St #1 Detroit, MI	4.0	2.0	2426	$3,000	$1.24	1d	1	1.09mi
2028 Gladstone St Unit 1 Detroit, MI	5.0	2.0	2500	$2,850	$1.14	3d	1	1.13mi
1441 W Euclid St Detroit, MI	3.0	1.0	2380	$2,600	$1.09	24d	1	1.40mi
1418 W Euclid St Detroit, MI	3.0	1.0	2264	$1,200	$0.53	43d	1	1.42mi
3241 Lawrence St Detroit, MI	4.0	2.0	2636	$1,800	$0.68	16d	1	1.44mi
2655 Collingwood St Detroit, MI	4.0	1.5	1881	$2,700	$1.44	1d	1	1.45mi
3031 Lawrence St Detroit, MI	4.0	1.0	1700	$1,600	$0.94	16d	1	1.45mi

Listing history 15 events

1. 2026-06-18
   days on market $95,000 Active 41 DOM
2. 2026-06-17
   days on market $95,000 Active 40 DOM
3. 2026-06-15
   days on market $95,000 Active 38 DOM
4. 2026-06-13
   days on market $95,000 Active 36 DOM
5. 2026-06-13
   days on market $95,000 Active 35 DOM
6. 2026-06-09
   days on market $95,000 Active 32 DOM
7. 2026-06-08
   days on market $95,000 Active 31 DOM
8. 2026-06-07
   days on market $95,000 Active 30 DOM
9. 2026-06-04
   days on market $95,000 Active 27 DOM
10. 2026-06-03
    days on market $95,000 Active 26 DOM
11. 2026-06-02
    days on market $95,000 Active 25 DOM
12. 2026-06-01
    days on market $95,000 Active 24 DOM
13. 2026-05-31
    days on market $95,000 Active 23 DOM
14. 2026-05-08
    listed $95,000 Active 1443-char remark

    Show marketing remark (1495 chars)

    ATTENTION INVESTORS AND ENTREPRENEURS: ARV $260K. New Windows, New electrical, New plumbing and New mechanicals. Bring your vision and finish the project. The next block is fully occupied. This block in under construction! Minutes from Boston/Edison Historical District. This property boasts three potential units, one potential in the lower level. This property has a LIVABLE unit! Move in and renovate! Grab this rare opportunity to own a 2(4 potential)-unit multi-family property at 3745 Hogarth, Detroit! Stripped to the studs and ready for your vision, with one LIVABLE UNIT - the hard work is already done! Three separate meters make management and tenant billing simple and efficient. Offering an impressive 3,391 total square feet, this property features two main units at 2,264 sq ft, plus a potential efficiency unit in the attic or use the attic a primary suite and a 1,127 sq ft basement unit. Units are generously sized with 2 bedrooms and 1 bath, making them highly attractive to quality tenants commanding $1200 rental rates . Whether you're a seasoned investor or an owner-occupant looking to live in one unit while renting the others, this has a livable unit and is ready for your custom finishes. Move in, renovate at your own pace, and build serious equity in one of Detroit's emerging neighborhoods. The heavy lifting is done - bring your design ideas and turn this diamond in the rough into a cash-flowing asset. Opportunities like this don't last! VIDEO TOUR AVAILABLE!

15. 2026-05-08
    listed $95,000 Active 1435-char remark

    Show marketing remark (1495 chars)

    ATTENTION INVESTORS AND ENTREPRENEURS: ARV $260K. New Windows, New electrical, New plumbing and New mechanicals. Bring your vision and finish the project. The next block is fully occupied. This block in under construction! Minutes from Boston/Edison Historical District. This property boasts three potential units, one potential in the lower level. This property has a LIVABLE unit! Move in and renovate! Grab this rare opportunity to own a 2(4 potential)-unit multi-family property at 3745 Hogarth, Detroit! Stripped to the studs and ready for your vision, with one LIVABLE UNIT - the hard work is already done! Three separate meters make management and tenant billing simple and efficient. Offering an impressive 3,391 total square feet, this property features two main units at 2,264 sq ft, plus a potential efficiency unit in the attic or use the attic a primary suite and a 1,127 sq ft basement unit. Units are generously sized with 2 bedrooms and 1 bath, making them highly attractive to quality tenants commanding $1200 rental rates . Whether you're a seasoned investor or an owner-occupant looking to live in one unit while renting the others, this has a livable unit and is ready for your custom finishes. Move in, renovate at your own pace, and build serious equity in one of Detroit's emerging neighborhoods. The heavy lifting is done - bring your design ideas and turn this diamond in the rough into a cash-flowing asset. Opportunities like this don't last! VIDEO TOUR AVAILABLE!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,401
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$2,032
• − Management: −$2,032
• − Depreciation: −$2,764
• Taxable income: $11,352
• Est. tax owed @ 24.0%: −$2,725
• After-tax cash flow: $9,464/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): 15,227
• Household income: $45,046
• Rent vs Own: 46.4% rent · 53.6% own
• Severe rent burden: 646.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Iranian 3% Romanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 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: ▼ -139.60%
• Current HPI: 130.9545
• Rent YoY: ▲ 5.20%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-08 Listed $95,000 MiRealSource-MiMLS
• 2026-05-08 Listed $95,000 REALCOMP

Property tax history

+13.0%/yr

Latest (2025): $5,584 · +1542.5% YoY. Source: county tax records.