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595-597 Belmont St Duplex
B+ Composite 76.88
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
  • Condition / age +4.0/5.0
  • Livability +3.7/5.0
  • Rent growth +2.5/5.0
  • Schools +1.7/10.0
  • Appreciation +0.0/10.0

$169,900

595-597 Belmont St · Detroit, MI 48202
6 bd · 2.0 ba · 2,372 sqft · MultiFamily · 181 Days on market
Built 1913 Good condition 4,356 sqft lot $72/sqft · 23% below area Est $221k · 23% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

Key facts

  • Hardwood flooring
  • Multifamily home
  • Bright living room

Tags

MULTIFAMILY HOMEBRIGHT LIVING ROOMHARDWOOD FLOORINGWHITE CABINETRYDECENT SIZED BACKYARD

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2 × 3-bed/1.0-bath units multifamily listed at $170k. Condition is rated good.
  • This rent per unit runs 37% of the median local income ($44k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

  • At list price, monthly cash flow is $959 ($12k/yr) — positive. Per door: $479/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $170k).
  • Recommended offer: $150k (12.0% below list) — sets the bar for market timing.
  • Cap rate 13.1% vs local median 9.9% 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: 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.
  • Zoned schools: Golightly Education Center (math 24% / reading 24%, grade F, #980 of 1,397 statewide, top 74%, 351 students, 81% FRL); Southeastern High School (math 5% / reading 15%, grade F, #659 of 713 statewide, top 97%, 644 students, 87% FRL).
  • Market conditions: 91 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k 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 + 3.0% rent growth), your $48k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 181 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 2y ago; this cycle's ask has dropped $25k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $149,512 (12.0% below list)

Questions for the listing agent

  1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Built in 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.59%
Cap rate
13.07%
Cash-on-cash
24.19%
DSCR
2.08
GRM
5.2

CMA / ARV

ARV (median comp)
$220,825
List price
$169,900
Delta
-23.06%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
539 Kenilworth St 0.33mi 6/2.0 2,244 (-5%) 5mo $60,000 $27 71
613 Belmont St 0.02mi 6/2.0 2,121 (-11%) 21mo $253,200 $119 64
552 Holbrook St 0.61mi 6/2.0 2,410 (+2%) 19mo $260,000 $108 53
66 W Philadelphia St 0.96mi 6/2.0 2,562 (+8%) 2mo $319,000 $125 50
142 Leicester Ct 0.51mi 6/2.0 2,574 (+8%) 15mo $102,000 $40 49
141 - 143 Blaine St 0.93mi 6/2.0 2,589 (+9%) 8mo $130,000 $50 43
2346 Carpenter St 1.04mi 5/3.0 (-1) 2,352 (-1%) 20mo $225,000 $96 38
2392 Neibel St 1.04mi 5/2.0 (-1) 2,036 (-14%) 20mo $255,000 $125 20
112 - 114 E Buena Vista St 0.95mi 5/3.0 (-1) 2,800 (+18%) 20mo $215,000 $77 15

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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
17.5%
Equity multiple
1.71×
Total profit
$33,580
Equity at exit
$25,333
10-year hold
IRR
26.0%
Equity multiple
3.27×
Total profit
$108,044
Equity at exit
$14,690

Cash invested: $47,572 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
1 active · 1 under contract
Months of supply
3.0 mo (33%/mo absorbed)
Median asking
$323,000 ($149/sqft)
Median days on market
23 d
This list price
lowest-priced of the active set
ARV vs active asking
-37.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 48202

Active inventory
91
Price-to-rent
10.5×

Monthly cashflow live

Estimated rent
$2,700 high interval (Pro) →
Mortgage (P&I)
$891
Tax est. 1.5%
$212 /mo · $2,548/yr
Insurance
$71
HOA
$0
Vacancy / Maint / Mgmt
$567
Net cashflow
$959

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (2 units) $2,700

Break-even live

Break-even rent $1,486
Max offer price $169,900
Occupancy floor 59%

Sensitivity live

Price -10% $1,076 -5% $1,018 +0% $959 +5% $900 +10% $841
Rent -10% $746 -5% $852 +0% $959 +5% $1,066 +10% $1,172
Rate -1.0pp $1,044 -0.5pp $1,002 base $959 +0.5pp $915 +1.0pp $870

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
$42,475
Closing costs
$5,097
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
613 Belmont St Detroit, MI 3.0 1.0 1100 $1,350 $1.23 38d 1 0.02mi
520 Englewood St Detroit, MI 4.0 1.5 1086 $1,575 $1.45 42d 1 0.22mi
242 Englewood St Detroit, MI 3.0 2.0 1500 $1,725 $1.15 30d 1 0.30mi
512 Westminster St Detroit, MI 3.0 1.0 1389 $2,400 $1.73 0d 1 0.32mi
9429 Brush St Unit 1B Detroit, MI 2.0 1.0 1500 $1,523 $1.02 93d 1 0.35mi
9429 Brush St Unit 2B Detroit, MI 2.0 1.0 1500 $1,323 $0.88 9d 1 0.35mi
9429 Brush St Unit 1B Detroit, MI 2.0 1.0 1500 $1,423 $0.95 9d 1 0.35mi
9426 John R St Detroit, MI 2.0 1.0 1100 $1,250 $1.14 34d 1 0.43mi
641 Josephine St Detroit, MI 2.0 1.0 1068 $1,500 $1.40 35d 1 0.53mi
156 Leicester Ct Apt 2 Detroit, MI 3.0 1.0 1000 $1,250 $1.25 93d 1 0.53mi
9 Woodland St Detroit, MI 1.0–2.0 1.0 637 $1,150 $1.80 42d 5 0.54mi
558 Holbrook St Detroit, MI 4.0 1.0 1500 $1,600 $1.07 31d 1 0.63mi
11384 Nagel St Hamtramck, MI 2.0 1.0 800 $1,150 $1.44 66d 1 0.66mi
11326 Saint Aubin St Unit 2 Hamtramck, MI 2.0 1.0 800 $950 $1.19 8d 1 0.70mi
11326 Saint Aubin St Apt 1 Hamtramck, MI 2.0 1.0 800 $1,050 $1.31 8d 1 0.70mi
70 Clairmount Ave Unit 2B Detroit, MI 2.0 1.0 955 $1,400 $1.47 52d 1 0.70mi
426 King St Detroit, MI 4.0 2.0 950 $1,300 $1.37 15d 1 0.70mi
557 Hague St Detroit, MI 2.0 1.0 1250 $1,400 $1.12 93d 1 0.78mi
21 Hazelwood St Detroit, MI 1.0–2.0 1.0 855 $1,300 $1.52 18d 4 0.79mi
2228 Norwalk St Hamtramck, MI 2.0 1.0 866 $1,149 $1.33 64d 1 0.81mi
2315 Yemans St Hamtramck, MI 2.0 2.5 1328 $1,600 $1.20 66d 1 0.85mi
2297 Florian St Unit 2297 Hamtramck, MI 2.0 1.0 1500 $1,250 $0.83 73d 1 0.89mi
141 Gladstone Ave Apt 1E Detroit, MI 3.0 1.0 920 $975 $1.06 39d 1 0.91mi
8416 Brush St Detroit, MI 3.0 1.5 1200 $2,200 $1.83 42d 1 0.91mi
8410 Brush St Detroit, MI 3.0 2.5 1300 $2,200 $1.69 46d 1 0.92mi
614 E Euclid St Detroit, MI 3.0 1.0 1080 $1,850 $1.71 28d 1 0.93mi
614 E Euclid St Detroit, MI 3.0 1.0 1400 $1,850 $1.32 39d 1 0.93mi
9441 Brombach St Unit 2348 Hamtramck, MI 2.0 1.0 950 $1,200 $1.26 32d 1 0.94mi
9441 Brombach St Unit 2354 Hamtramck, MI 2.0 1.0 1000 $1,500 $1.50 30d 1 0.94mi
68 E Philadelphia St Unit 1 Detroit, MI 3.0 2.0 1000 $1,750 $1.75 42d 1 0.95mi
68 E Philadelphia St Unit 4 Detroit, MI 3.0 2.0 1100 $1,500 $1.36 27d 1 0.95mi
68 E Philadelphia St Detroit, MI 3.0 2.0 1000 $1,750 $1.75 93d 1 0.95mi
645 Gladstone Ave Unit 2W Detroit, MI 2.0 1.0 720 $1,050 $1.46 42d 1 0.96mi
64 Glendale St Highland Park, MI 4.0 1.0 1464 $1,500 $1.02 59d 1 1.00mi
159 Winona St Highland Park, MI 3.0 1.0 1200 $1,500 $1.25 21d 1 1.01mi
719 Gladstone Ave Detroit, MI 2.0 1.0 1200 $1,750 $1.46 69d 1 1.02mi
715 Gladstone Ave Detroit, MI 2.0 1.0 1200 $1,750 $1.46 69d 1 1.02mi
2716 Belmont St Unit B Hamtramck, MI 2.0 1.0 965 $775 $0.80 69d 1 1.02mi
1251 Glynn Ct Detroit, MI 2.0 1.0 712 $1,225 $1.72 13d 2 1.12mi
36 Mount Vernon St Unit 6 Detroit, MI 3.0 2.5 1485 $2,300 $1.55 0d 1 1.13mi

Listing history 42 events

  1. 2026-07-07
    days on market $169,900 Active 181 DOM
  2. 2026-07-06
    days on market $169,900 Active 180 DOM
  3. 2026-07-06
    days on market $169,900 Active 179 DOM
  4. 2026-07-05
    days on market $169,900 Active 178 DOM
  5. 2026-07-03
    days on market $169,900 Active 177 DOM
  6. 2026-07-02
    days on market $169,900 Active 176 DOM
  7. 2026-07-01
    days on market $169,900 Active 175 DOM
  8. 2026-06-30
    days on market $169,900 Active 174 DOM
  9. 2026-06-29
    days on market $169,900 Active 173 DOM
  10. 2026-06-28
    days on market $169,900 Active 172 DOM
  11. 2026-06-27
    days on market $169,900 Active 171 DOM
  12. 2026-06-26
    days on market $169,900 Active 170 DOM
  13. 2026-06-24
    days on market $169,900 Active 168 DOM
  14. 2026-06-22
    days on market $169,900 Active 166 DOM
  15. 2026-06-21
    days on market $169,900 Active 165 DOM
  16. 2026-06-18
    days on market $169,900 Active 162 DOM
  17. 2026-06-17
    pricedays on market $169,900 Active 161 DOM
  18. 2026-06-15
    days on market $175,900 Active 159 DOM
  19. 2026-06-13
    days on market $175,900 Active 157 DOM
  20. 2026-06-13
    days on market $175,900 Active 156 DOM
  21. 2026-06-10
    status $175,900 Active 153 DOM
  22. 2026-06-09
    days on market $175,900 Active Under Contract 153 DOM
  23. 2026-06-08
    days on market $175,900 Active Under Contract 152 DOM
  24. 2026-06-07
    days on market $175,900 Active Under Contract 151 DOM
  25. 2026-06-04
    days on market $175,900 Active Under Contract 148 DOM
  26. 2026-06-03
    days on market $175,900 Active Under Contract 147 DOM
  27. 2026-06-01
    days on market $175,900 Active Under Contract 145 DOM
  28. 2026-05-31
    days on market $175,900 Active Under Contract 144 DOM
  29. 2026-05-06
    historical Accepting Backup Offers 506-char remark
    Show marketing remark (506 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  30. 2026-05-05
    historical Active Under Contract 510-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  31. 2026-04-17
    price $175,900 506-char remark
    Show marketing remark (506 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  32. 2026-04-16
    price $175,900 510-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  33. 2026-03-27
    status Active 506-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  34. 2026-03-27
    status Active 510-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  35. 2026-03-06
    historical Accepting Backup Offers 506-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  36. 2026-03-06
    historical Active Under Contract 510-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  37. 2026-02-12
    price $184,900 506-char remark
    Show marketing remark (506 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  38. 2026-02-11
    price $184,900 510-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  39. 2026-01-07
    listed $194,900 Active 506-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  40. 2026-01-07
    listed $194,900 Active 510-char remark
    Show marketing remark (510 chars)

    Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.

  41. 2024-04-04
    historical $1,200
  42. 2024-01-09
    listed $1,200

ⓘ 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 · 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$32,400
− Mortgage interest
−$9,517
− Property taxes
−$2,548
− Insurance
−$850
− Repairs & maintenance
−$2,592
− Management
−$2,592
− Depreciation
−$4,943
Taxable income
$9,358
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,246
After-tax cash flow
$9,260/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $11,860–$35,580 screening

This 2-unit multifamily home in Detroit is in good condition with a fresh paint job and a well-maintained yard. It offers a good return on investment with potential for further improvements to enhance its curb appeal and value.

Value-add opportunities

  • Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
  • Both Landscaping the yard — A well-maintained yard can improve curb appeal and attract potential buyers/tenants.
  • Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers and increase the home's value.
  • Rental Adding a deck or patio — An outdoor space can increase rental income and attract tenants who value outdoor living spaces.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 17/100

Zoned Schools

Elementary Golightly Education Center F MI #980/1,397 Nat'l #30,133/41,679 High Southeastern High School F MI #659/713 Nat'l #15,975/17,239

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
B Composite livability gradescore 73/100

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 · 1,675,273 people
City population
572,865
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
15,780
Household income
$43,627
Rent vs Own
69.1% rent · 30.9% own
Severe rent burden
12% of renters

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
Diverse neighborhood (Simpson 0.57)
Race & ethnicity
Black 60% White 26% Asian 6% Two or more races 4% Hispanic / Latino 3%
Common ancestry
Romanian 3% Slovak 1% Lithuanian 1%
Foreign-born
8% · Canada, Vietnam
Languages at home
90% English-only · Other Indo-European 3% Arabic 2% 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

Price history

+14558.3% since first listed
14 events — show timeline
  • 2026-05-06 Contingent MiRealSource-MiMLS
  • 2026-05-05 Contingent REALCOMP
  • 2026-04-17 Price Changed $175,900 MiRealSource-MiMLS
  • 2026-04-16 Price Changed $175,900 REALCOMP
  • 2026-03-27 Relisted MiRealSource-MiMLS
  • 2026-03-27 Relisted REALCOMP
  • 2026-03-06 Contingent MiRealSource-MiMLS
  • 2026-03-06 Contingent REALCOMP
  • 2026-02-12 Price Changed $184,900 MiRealSource-MiMLS
  • 2026-02-11 Price Changed $184,900 REALCOMP
  • 2026-01-07 Listed $194,900 REALCOMP
  • 2026-01-07 Listed $194,900 MiRealSource-MiMLS
  • 2024-04-04 Rental Removed $1,200 REALSOURCE
  • 2024-01-09 Listed for Rent $1,200 REALSOURCE

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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