4576 Guilford St · Detroit, MI 48224

$15,000

2 bd · 1.0 ba · 712 sqft · SingleFamily public records · 5 Days on market

Built 1939 6,970 sqft lot $21/sqft · 59% below area ↓ 12% 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

Listing remarks MLS

Opportunity awaits at 4576 Guilford! Located on Detroit's east side near Cadieux and E Warren and just across the street from East English Village Preparatory Academy. This 2 bedroom, 1 bath brick ranch is an excellent opportunity for buyers looking to bring their vison to life! Featuring new electric, gas, and water meters! Don't miss out on this great opportunity!

Key facts

• 6,970 sq ft lot
• Garage
• Built 1939

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer; Water service available
• Home design: Single-family residence; One story; Ground-level entry with steps; Brick exterior
• Construction: Built on block foundation
• Exterior features: Paved road access; Lot dimensions approximately 60 x 114.46 (0.16 acres)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $782 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Cap rate 68.8% vs local median 10.1% 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; 492 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $104 of loan paydown is wiped out by about $450 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 25y 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.
• Current owner paid $3k; list at $15k implies a 456% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $15,000

Questions for the listing agent

1. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 7.47% ✓
• Cap rate: 68.82%
• Cash-on-cash: 223.31%
• DSCR: 10.94
• GRM: 1.1

CMA / ARV

• ARV (median comp): $36,559
• List price: $15,000
• Delta: -58.97%
• 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
5251 Neff Ave	0.38mi	2/1.0	720 (+1%)	2mo	$46,000	$64	79
5298 Neff Ave	0.42mi	2/1.0	720 (+1%)	2mo	$46,000	$64	77
4607 Radnor St	0.45mi	2/1.0	731 (+3%)	2mo	$50,000	$68	73
5290 University Pl	0.48mi	2/1.0	721 (+1%)	5mo	$60,000	$83	71
4811 Radnor St	0.45mi	2/1.0	719 (+1%)	10mo	$50,000	$70	69
4138 University Pl	0.35mi	3/1.0 (+1)	780 (+10%)	7mo	$77,500	$99	57
4528 Marseilles St	0.33mi	3/1.0 (+1)	637 (-10%)	7mo	$77,500	$122	56
4481 Radnor St	0.47mi	2/1.0	792 (+11%)	5mo	$32,000	$40	55
5243 Neff Ave	0.37mi	2/1.0	816 (+15%)	7mo	$85,000	$104	53
5558 Radnor St	0.69mi	2/1.0	660 (-7%)	6mo	$18,000	$27	50
5203 Marseilles St	0.44mi	3/1.0 (+1)	816 (+15%)	7mo	$77,500	$95	44
5955 Guilford St	0.74mi	3/1.0 (+1)	802 (+13%)	6mo	$43,000	$54	35

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

5-year hold

• IRR: —
• Equity multiple: 11.68×
• Total profit: $44,864
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 23.24×
• Total profit: $93,422
• Equity at exit: $1,297

Cash invested: $4,200 (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 48224

• Rents YoY: 0.7%
• Active inventory: 492
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $1,121 high
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $782

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 25%

Sensitivity live

Price	-10% $792	-5% $787	+0% $782	+5% $776	+10% $771
Rent	-10% $693	-5% $737	+0% $782	+5% $826	+10% $870
Rate	-1.0pp $789	-0.5pp $785	base $782	+0.5pp $778	+1.0pp $774

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4811 Cadieux Rd Unit 2 Detroit, MI	1.0	1.0	600	$950	$1.58	44d	1	0.22mi
4811 Cadieux Rd Unit 11 Detroit, MI	2.0	1.0	663	$1,200	$1.81	22d	1	0.22mi
4811 Cadieux Rd Unit 10 Detroit, MI	2.0	1.0	663	$1,200	$1.81	44d	1	0.22mi
4837 Cadieux Rd Unit 9 Detroit, MI	2.0	1.0	650	$1,200	$1.85	44d	1	0.22mi
4865 Cadieux Rd Unit 11 Detroit, MI	2.0	1.0	630	$1,200	$1.90	44d	1	0.23mi
17161 Denver St Detroit, MI	1.0	1.0	700	$800	$1.14	13d	1	0.56mi
17161 Denver St Apt 10 Detroit, MI	1.0	1.0	700	$800	$1.14	11d	1	0.56mi
16927 Chandler Park Dr Unit 3_ Detroit, MI	1.0	1.0	600	$900	$1.50	16d	1	0.64mi
5284 Devonshire Rd Unit 2 Detroit, MI	1.0	1.0	750	$1,050	$1.40	16d	1	0.95mi
5284 Devonshire Rd Detroit, MI	2.0	1.0	650	$1,050	$1.62	25d	1	0.95mi
9140 Whittier Ave Unit 1 Detroit, MI	1.0	1.0	550	$700	$1.27	44d	1	1.13mi
21301 Kingsville St Apt 108 Harper Woods, MI	1.0	1.0	700	$900	$1.29	4d	1	1.34mi

Listing history 29 events

1. 2026-06-21
   days on market $15,000 Active 5 DOM
2. 2026-06-18
   days on market $15,000 Active 2 DOM
3. 2026-06-17
   days on marketlisting id $15,000 Active 1 DOM
4. 2026-06-04
   days on market $15,000 Active 92 DOM
5. 2026-06-03
   days on market $15,000 Active 91 DOM
6. 2026-06-01
   days on market $15,000 Active 89 DOM
7. 2026-05-31
   days on market $15,000 Active 88 DOM
8. 2026-04-21
   price $15,000 421-char remark
9. 2026-04-21
   price $15,000 421-char remark
10. 2026-04-01
    price $17,000 421-char remark
11. 2026-04-01
    price $17,000 421-char remark
12. 2026-03-04
    listed $19,900 Active 421-char remark
13. 2026-03-04
    listed $19,900 Active 421-char remark
14. 2012-08-13
    soldstatus $2,700
15. 2012-08-13
    soldstatus $2,700
16. 2012-08-06
    historical
17. 2012-07-06
    listed $2,000
18. 2012-07-06
    listed $2,000
19. 2012-05-31
    soldstatus $150
20. 2012-05-31
    soldstatus $150
21. 2012-02-09
    historical
22. 2012-01-23
    listed $125
23. 2012-01-23
    listed $125
24. 2002-07-24
    soldstatus $17,000
25. 2002-03-28
    soldstatus $64,900
26. 2001-12-20
    soldstatus $64,900
27. 2001-11-08
    historical
28. 2001-09-09
    listed $69,900
29. 1997-12-11
    soldstatus $17,000

ⓘ 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 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 · 14 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

Taxation est. · year 1

• Rental income: $13,447
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$1,076
• − Management: −$1,076
• − Depreciation: −$436
• Taxable income: $9,719
• Est. tax owed @ 24.0%: −$2,333
• After-tax cash flow: $7,047/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% 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
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

-11.8% since first listed

26 events — show timeline

• 2026-06-16 Listed $15,000 REALCOMP
• 2026-06-16 Listed $15,000 MiRealSource-MiMLS
• 2026-06-07 Listing Removed — REALCOMP
• 2026-06-07 Listing Removed — MiRealSource-MiMLS
• 2026-04-21 Price Changed $15,000 MiRealSource-MiMLS
• 2026-04-21 Price Changed $15,000 REALCOMP
• 2026-04-01 Price Changed $17,000 MiRealSource-MiMLS
• 2026-04-01 Price Changed $17,000 REALCOMP
• 2026-03-04 Listed $19,900 REALCOMP
• 2026-03-04 Listed $19,900 MiRealSource-MiMLS
• 2012-08-13 Sold (MLS) $2,700 MiRealSource-MiMLS
• 2012-08-13 Sold (MLS) $2,700 REALCOMP
• 2012-08-06 Listing Removed — MiRealSource-MiMLS
• 2012-07-06 Listed $2,000 MiRealSource-MiMLS
• 2012-07-06 Listed $2,000 REALCOMP
• 2012-05-31 Sold (MLS) $150 REALCOMP
• 2012-05-31 Sold (MLS) $150 MiRealSource-MiMLS
• 2012-02-09 Listing Removed — MiRealSource-MiMLS
• 2012-01-23 Listed $125 REALCOMP
• 2012-01-23 Listed $125 MiRealSource-MiMLS
• 2002-07-24 Sold (Public Records) $17,000 Public Records
• 2002-03-28 Sold (Public Records) $64,900 Public Records
• 2001-12-20 Sold (MLS) $64,900 MiRealSource-MiMLS
• 2001-11-08 Listing Removed — MiRealSource-MiMLS
• 2001-09-09 Listed $69,900 MiRealSource-MiMLS
• 1997-12-11 Sold (Public Records) $17,000 Public Records

Property tax history

+16.5%/yr

Latest (2025): $6,469 · +258.7% YoY. Source: county tax records.