19124 Moross Rd · Detroit, MI 48224

$60,000

2 bd · 1.0 ba · 704 sqft · Townhouse public records · 266 Days on market

Built 1943 3,049 sqft lot $85/sqft · 67% above area ↓ 14% since listing

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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
• 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

National Real Estate Management Group is excited to announce your next investment opportunity. This affordable half duplex offers a reliable long-term tenant already in place, making it an instant income property. Featuring 2 bedrooms, 1 bathroom, a private fenced-in yard, a one-stall detached garage, and basement for extra storage. Enjoy the screened-in patio, which overlooks the backyard. Conveniently located near public transportation, this home provides easy access to shopping, restaurants, and everyday amenities. Don't miss this opportunity to own a low-maintenance property with steady rental income potential! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

Key facts

• Screened-in patio
• 3,049 sq ft lot
• Garage

Tags

• PRIVATE FENCED-IN YARD
• SCREENED-IN PATIO
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO RESTAURANTS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $60k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% 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 $415 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 $17k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 266 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $15k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 266 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1943 — 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: 1.74% ✓
• Cap rate: 13.15%
• Cash-on-cash: 24.49%
• DSCR: 2.09
• GRM: 4.8

CMA / ARV

• ARV (median comp): $35,899
• List price: $60,000
• Delta: 67.13%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 15.1%
• Equity multiple: 1.59×
• Total profit: $9,839
• Equity at exit: $8,946

10-year hold

• IRR: 21.9%
• Equity multiple: 2.65×
• Total profit: $27,778
• Equity at exit: $5,188

Cash invested: $16,800 (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: 484
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,044 high
• Mortgage (P&I): −$315
• Tax from tax record: −$142 /mo · $1,704/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $343

Break-even live

Break-even rent $610

Max offer price $60,000

Occupancy floor 62%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11529 Roxbury St Detroit, MI	2.0	1.0	720	$1,200	$1.67	12d	1	0.39mi
11611 Morang Ave Detroit, MI	1.0–2.0	1.0	709	$1,040	$1.47	43d	1	0.40mi
12201 Morang Ave Unit 8 Detroit, MI	2.0	1.0	610	$875	$1.43	43d	1	0.43mi
16241 Seven Mile E Unit 4 Detroit, MI	1.0	1.0	650	$650	$1.00	43d	1	0.45mi
9140 Whittier Ave Unit 1 Detroit, MI	1.0	1.0	550	$700	$1.27	43d	1	1.22mi
15030 Rossini Dr Unit 2 Detroit, MI	1.0	1.0	720	$800	$1.11	43d	1	1.31mi
21301 Kingsville St Apt 108 Harper Woods, MI	1.0	1.0	700	$900	$1.29	3d	1	1.34mi

Listing history 23 events

1. 2026-06-18
   days on market $60,000 Active 266 DOM
2. 2026-06-17
   days on market $60,000 Active 265 DOM
3. 2026-06-15
   days on market $60,000 Active 263 DOM
4. 2026-06-13
   days on market $60,000 Active 261 DOM
5. 2026-06-13
   days on market $60,000 Active 260 DOM
6. 2026-06-09
   days on market $60,000 Active 257 DOM
7. 2026-06-08
   days on market $60,000 Active 256 DOM
8. 2026-06-07
   days on market $60,000 Active 255 DOM
9. 2026-06-04
   days on market $60,000 Active 252 DOM
10. 2026-06-03
    days on market $60,000 Active 251 DOM
11. 2026-06-01
    days on market $60,000 Active 249 DOM
12. 2026-05-31
    days on market $60,000 Active 248 DOM
13. 2026-02-23
    price $60,000 1093-char remark

    Show marketing remark (1100 chars)

    National Real Estate Management Group is excited to announce your next investment opportunity. This affordable half duplex offers a reliable long-term tenant already in place, making it an instant income property. Featuring 2 bedrooms, 1 bathroom, a private fenced-in yard, a one-stall detached garage, and basement for extra storage. Enjoy the screened-in patio, which overlooks the backyard. Conveniently located near public transportation, this home provides easy access to shopping, restaurants, and everyday amenities. Don’t miss this opportunity to own a low-maintenance property with steady rental income potential! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

14. 2026-02-23
    price $60,000 1100-char remark

    Show marketing remark (1100 chars)

    National Real Estate Management Group is excited to announce your next investment opportunity. This affordable half duplex offers a reliable long-term tenant already in place, making it an instant income property. Featuring 2 bedrooms, 1 bathroom, a private fenced-in yard, a one-stall detached garage, and basement for extra storage. Enjoy the screened-in patio, which overlooks the backyard. Conveniently located near public transportation, this home provides easy access to shopping, restaurants, and everyday amenities. Don’t miss this opportunity to own a low-maintenance property with steady rental income potential! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

15. 2025-10-20
    price $70,000 1100-char remark

    Show marketing remark (1093 chars)

    National Real Estate Management Group is excited to announce your next investment opportunity. This affordable half duplex offers a reliable long-term tenant already in place, making it an instant income property. Featuring 2 bedrooms, 1 bathroom, a private fenced-in yard, a one-stall detached garage, and basement for extra storage. Enjoy the screened-in patio, which overlooks the backyard. Conveniently located near public transportation, this home provides easy access to shopping, restaurants, and everyday amenities. Don't miss this opportunity to own a low-maintenance property with steady rental income potential! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

16. 2025-10-20
    price $70,000 1093-char remark

    Show marketing remark (1093 chars)

    National Real Estate Management Group is excited to announce your next investment opportunity. This affordable half duplex offers a reliable long-term tenant already in place, making it an instant income property. Featuring 2 bedrooms, 1 bathroom, a private fenced-in yard, a one-stall detached garage, and basement for extra storage. Enjoy the screened-in patio, which overlooks the backyard. Conveniently located near public transportation, this home provides easy access to shopping, restaurants, and everyday amenities. Don't miss this opportunity to own a low-maintenance property with steady rental income potential! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

17. 2025-09-23
    listed $75,000 Active 1093-char remark

    Show marketing remark (1100 chars)

    National Real Estate Management Group is excited to announce your next investment opportunity. This affordable half duplex offers a reliable long-term tenant already in place, making it an instant income property. Featuring 2 bedrooms, 1 bathroom, a private fenced-in yard, a one-stall detached garage, and basement for extra storage. Enjoy the screened-in patio, which overlooks the backyard. Conveniently located near public transportation, this home provides easy access to shopping, restaurants, and everyday amenities. Don’t miss this opportunity to own a low-maintenance property with steady rental income potential! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

18. 2025-09-23
    listed $75,000 Active 1100-char remark

    Show marketing remark (1100 chars)

    National Real Estate Management Group is excited to announce your next investment opportunity. This affordable half duplex offers a reliable long-term tenant already in place, making it an instant income property. Featuring 2 bedrooms, 1 bathroom, a private fenced-in yard, a one-stall detached garage, and basement for extra storage. Enjoy the screened-in patio, which overlooks the backyard. Conveniently located near public transportation, this home provides easy access to shopping, restaurants, and everyday amenities. Don’t miss this opportunity to own a low-maintenance property with steady rental income potential! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

19. 2025-05-11
    historical
20. 2025-05-11
    historical
21. 2025-02-11
    listed $85,000 Active
22. 2025-01-30
    listed $85,000 Active
23. 2022-03-22
    soldstatus $70,000

ⓘ 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: $1,704 · $142/mo
• Projected year-2 tax: $1,704 · $142/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 ≥95°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: $12,523
• − Mortgage interest: −$3,361
• − Property taxes: −$1,704
• − Insurance: −$300
• − Repairs & maintenance: −$1,002
• − Management: −$1,002
• − Depreciation: −$1,745
• Taxable income: $3,410
• Est. tax owed @ 24.0%: −$818
• After-tax cash flow: $3,296/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

-14.3% since first listed

11 events — show timeline

• 2026-02-23 Price Changed $60,000 MiRealSource-MiMLS
• 2026-02-23 Price Changed $60,000 REALCOMP
• 2025-10-20 Price Changed $70,000 REALCOMP
• 2025-10-20 Price Changed $70,000 MiRealSource-MiMLS
• 2025-09-23 Listed $75,000 REALCOMP
• 2025-09-23 Listed $75,000 MiRealSource-MiMLS
• 2025-05-11 Listing Removed — MiRealSource-MiMLS
• 2025-05-11 Listing Removed — REALCOMP
• 2025-02-11 Listed $85,000 MiRealSource-MiMLS
• 2025-01-30 Listed $85,000 REALCOMP
• 2022-03-22 Sold (Public Records) $70,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $1,704 · -37.5% YoY. Source: county tax records.