15226 Bringard Dr · Detroit, MI 48205

$50,000

3 bd · 1.0 ba · 1,136 sqft · SingleFamily public records · 29 Days on market

Built 1949 4,792 sqft lot Est $87k · 43% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Take a look at this brick bungalow located on the east side of Detroit. This three bedroom, one bathroom property is a great income producing asset. Schedule your showing today!

Key facts

• 4,792 sq ft lot
• Garage
• Built 1949

Property features AI

Finance

• Financial info: Annual tax: $6,221

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps
• Construction: Brick construction; Block foundation
• Exterior features: Paved road access; Lot approximately 0.11 acres (37 x 123.96)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No air conditioning
• Interior features: Full, unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $704 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 23.2% vs local median 10.0% 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: Fisher Magnet Lower Academy (456 students, 93% FRL); Fisher Magnet Upper Academy (math 15% / reading 44%, grade F, #341 of 493 statewide, top 69%, 378 students, 93% FRL); Denby High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 537 students, 88% FRL) — zoned schools at 91% FRL track the district average.
• Market conditions: Rents rising (+1.3%/yr); 376 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 41% of the median local income ($39k/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 $346 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 + 1.3% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 28y 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.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $49,250 (1.5% below list)

Questions for the listing agent

1. Built in 1949 — 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. 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.
6. 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.
7. 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: 2.66% ✓
• Cap rate: 23.19%
• Cash-on-cash: 60.34%
• DSCR: 3.68
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $87,472
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15275 Eastburn St	0.06mi	3/1.0	1,100 (-3%)	2mo	$56,000	$51	91
14910 Fairmount Dr	0.22mi	3/1.0	1,116 (-2%)	1mo	$15,000	$13	86
15011 Bringard Dr	0.09mi	3/1.0	1,208 (+6%)	2mo	$125,000	$103	84
14788 Rossini Dr	0.31mi	3/1.0	1,099 (-3%)	1mo	$82,000	$75	79
15644 Carlisle St	0.33mi	3/1.0	1,055 (-7%)	1mo	$129,900	$123	72
16267 Edmore Dr	0.67mi	3/1.0	1,100 (-3%)	1mo	$122,500	$111	63
19953 Regent Dr	0.58mi	3/1.0	1,038 (-9%)	2mo	$55,000	$53	57
16092 Manning St	0.67mi	3/1.5	1,200 (+6%)	0mo	$20,000	$17	57
14076 Rossini Dr	0.70mi	3/1.0	1,055 (-7%)	0mo	$90,000	$85	55
16260 Bringard Dr	0.65mi	3/1.0	1,036 (-9%)	1mo	$80,000	$77	54
16209 Tacoma St	0.68mi	3/1.0	968 (-15%)	1mo	$62,900	$65	43
16291 Fairmount Dr	0.70mi	3/1.0	977 (-14%)	2mo	$112,000	$115	43

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 57.2%
• Equity multiple: 3.47×
• Total profit: $34,559
• Equity at exit: $7,455

10-year hold

• IRR: 61.5%
• Equity multiple: 6.66×
• Total profit: $79,197
• Equity at exit: $4,323

Cash invested: $14,000 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 376
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,329 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $704

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 42%

Sensitivity live

Price	-10% $739	-5% $721	+0% $704	+5% $687	+10% $669
Rent	-10% $599	-5% $652	+0% $704	+5% $756	+10% $809
Rate	-1.0pp $729	-0.5pp $717	base $704	+0.5pp $691	+1.0pp $678

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15503 Edmore Dr Detroit, MI	3.0	1.0	1285	$1,100	$0.86	45d	1	0.21mi
15663 Carlisle St Detroit, MI	2.0	1.0	803	$1,050	$1.31	16d	1	0.35mi
15604 Coram St Detroit, MI	3.0	1.0	1210	$1,000	$0.83	45d	1	0.60mi
16242 Bringard Dr Detroit, MI	3.0	1.0	1350	$1,300	$0.96	6d	1	0.63mi
14134 Collingham Dr Detroit, MI	3.0	1.5	1300	$1,350	$1.04	45d	1	0.65mi
16291 Eastburn St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	26d	1	0.67mi
14504 Coram St Detroit, MI	3.0	1.0	1203	$1,175	$0.98	26d	1	0.69mi
16225 Manning St Detroit, MI	4.0	2.0	1036	$1,475	$1.42	45d	1	0.70mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	26d	1	0.72mi
16410 Edmore Dr Detroit, MI	3.0	1.0	850	$1,250	$1.47	16d	1	0.73mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	19d	1	0.76mi
15616 E 7 Mile Rd Detroit, MI	3.0	1.5	1150	$1,150	$1.00	19d	1	0.79mi
15909 Maddelein St Detroit, MI	3.0	1.0	894	$1,266	$1.42	45d	1	0.79mi
16446 E State Fair St Detroit, MI	2.0	1.0	1200	$1,350	$1.12	26d	1	0.80mi
14481 Maddelein St Detroit, MI	3.0	1.0	1200	$1,100	$0.92	45d	1	0.80mi
16031 E 7 Mile Rd #5 Detroit, MI	2.0	1.0	1204	$1,200	$1.00	4d	1	0.86mi
16212 Maddelein St Detroit, MI	2.0	1.0	800	$1,200	$1.50	14d	1	0.91mi
13693 Edmore Dr Detroit, MI	3.0	1.5	1269	$1,550	$1.22	13d	1	0.95mi
18530 Kingsville St Harper Woods, MI	3.0	1.5	1396	$1,375	$0.98	19d	1	1.01mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	19d	1	1.07mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	19d	1	1.11mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	19d	1	1.13mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	13d	1	1.16mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	26d	1	1.18mi
15494 Mapleridge St Detroit, MI	3.0	1.0	937	$1,275	$1.36	45d	1	1.19mi
12716 Riad St Detroit, MI	3.0	1.0	974	$1,275	$1.31	19d	1	1.20mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	19d	1	1.25mi
15238 Seymour St Detroit, MI	3.0	1.0	1064	$1,300	$1.22	0d	1	1.31mi
19152 Woodside St Harper Woods, MI	3.0	1.0	916	$1,500	$1.64	19d	1	1.33mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	19d	1	1.37mi
22030 Cushing Ave Eastpointe, MI	3.0	2.0	1300	$1,650	$1.27	6d	1	1.37mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	45d	1	1.39mi
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	45d	1	1.43mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	26d	1	1.45mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	45d	1	1.45mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	19d	1	1.45mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	26d	1	1.48mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	16d	1	1.48mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	45d	1	1.48mi
19365 Kingsville St Harper Woods, MI	4.0	1.5	996	$1,650	$1.66	16d	1	1.49mi

Listing history 41 events

1. 2026-06-21
   days on market $50,000 Active 29 DOM
2. 2026-06-18
   days on market $50,000 Active 26 DOM
3. 2026-06-17
   days on market $50,000 Active 25 DOM
4. 2026-06-15
   days on market $50,000 Active 23 DOM
5. 2026-06-13
   days on market $50,000 Active 21 DOM
6. 2026-06-13
   days on market $50,000 Active 20 DOM
7. 2026-06-09
   days on market $50,000 Active 17 DOM
8. 2026-06-08
   days on market $50,000 Active 16 DOM
9. 2026-06-07
   days on market $50,000 Active 15 DOM
10. 2026-06-04
    days on market $50,000 Active 12 DOM
11. 2026-06-03
    days on market $50,000 Active 11 DOM
12. 2026-06-02
    days on market $50,000 Active 10 DOM
13. 2026-06-01
    days on market $50,000 Active 9 DOM
14. 2026-05-31
    days on market $50,000 Active 8 DOM
15. 2026-05-23
    listed $50,000 Active 177-char remark

    Show marketing remark (177 chars)

    Take a look at this brick bungalow located on the east side of Detroit. This three bedroom, one bathroom property is a great income producing asset. Schedule your showing today!

16. 2026-05-23
    listed $50,000 Active

    Show marketing remark (177 chars)

    Take a look at this brick bungalow located on the east side of Detroit. This three bedroom, one bathroom property is a great income producing asset. Schedule your showing today!

17. 2022-04-25
    soldstatus $59,000
18. 2020-08-21
    soldstatus $41,500 Sold 242-char remark

    Show marketing remark (242 chars)

    Three bedroom brick bungalow with a tenant paying $700/m rent. PLEASE DO NOT DISTURB THE TENANT. All room sizes are estimated, property sold as-is, buyer to obtain certificate of compliance if needed. Interior photos prior to tenants move-in.

19. 2020-08-21
    soldstatus $41,500 Closed

    Show marketing remark (242 chars)

    Three bedroom brick bungalow with a tenant paying $700/m rent. PLEASE DO NOT DISTURB THE TENANT. All room sizes are estimated, property sold as-is, buyer to obtain certificate of compliance if needed. Interior photos prior to tenants move-in.

20. 2020-07-31
    status Pending

    Show marketing remark (242 chars)

    Three bedroom brick bungalow with a tenant paying $700/m rent. PLEASE DO NOT DISTURB THE TENANT. All room sizes are estimated, property sold as-is, buyer to obtain certificate of compliance if needed. Interior photos prior to tenants move-in.

21. 2020-07-31
    status Pending 242-char remark

    Show marketing remark (242 chars)

    Three bedroom brick bungalow with a tenant paying $700/m rent. PLEASE DO NOT DISTURB THE TENANT. All room sizes are estimated, property sold as-is, buyer to obtain certificate of compliance if needed. Interior photos prior to tenants move-in.

22. 2020-07-10
    listed $45,000 Active 242-char remark

    Show marketing remark (242 chars)

    Three bedroom brick bungalow with a tenant paying $700/m rent. PLEASE DO NOT DISTURB THE TENANT. All room sizes are estimated, property sold as-is, buyer to obtain certificate of compliance if needed. Interior photos prior to tenants move-in.

23. 2020-07-10
    listed $45,000 Active

    Show marketing remark (242 chars)

    Three bedroom brick bungalow with a tenant paying $700/m rent. PLEASE DO NOT DISTURB THE TENANT. All room sizes are estimated, property sold as-is, buyer to obtain certificate of compliance if needed. Interior photos prior to tenants move-in.

24. 2008-04-28
    soldstatus $25,000
25. 2008-04-28
    soldstatus $25,000
26. 2008-04-25
    historical
27. 2008-03-07
    listed $32,900
28. 2008-03-07
    historical
29. 2008-03-05
    listed $32,900
30. 2008-02-26
    listed $65,720
31. 2007-12-27
    historical
32. 2007-11-26
    listed $29,900
33. 2007-11-26
    historical
34. 2007-08-20
    listed $34,900
35. 2007-08-20
    historical
36. 2007-05-31
    listed $55,000
37. 1998-10-15
    soldstatus $70,000
38. 1998-08-10
    soldstatus $70,000
39. 1998-07-13
    historical
40. 1998-06-10
    listed $72,500
41. 1991-06-11
    soldstatus $41,500

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,942
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,275
• − Management: −$1,275
• − Depreciation: −$1,455
• Taxable income: $8,136
• Est. tax owed @ 24.0%: −$1,953
• After-tax cash flow: $6,495/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+20.5% since first listed

27 events — show timeline

• 2026-05-23 Listed $50,000 REALCOMP
• 2026-05-23 Listed $50,000 MiRealSource-MiMLS
• 2022-04-25 Sold (Public Records) $59,000 Public Records
• 2020-08-21 Sold (MLS) $41,500 MiRealSource-MiMLS
• 2020-08-21 Sold (MLS) $41,500 REALCOMP
• 2020-07-31 Pending — MiRealSource-MiMLS
• 2020-07-31 Pending — REALCOMP
• 2020-07-10 Listed $45,000 MiRealSource-MiMLS
• 2020-07-10 Listed $45,000 REALCOMP
• 2008-04-28 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2008-04-28 Sold (MLS) $25,000 REALCOMP
• 2008-04-25 Listing Removed — MiRealSource-MiMLS
• 2008-03-07 Listing Removed — REALCOMP
• 2008-03-07 Listed $32,900 REALCOMP
• 2008-03-05 Listed $32,900 MiRealSource-MiMLS
• 2008-02-26 Listed $65,720 REALCOMP
• 2007-12-27 Listing Removed — REALCOMP
• 2007-11-26 Listing Removed — REALCOMP
• 2007-11-26 Listed $29,900 REALCOMP
• 2007-08-20 Listing Removed — REALCOMP
• 2007-08-20 Listed $34,900 REALCOMP
• 2007-05-31 Listed $55,000 REALCOMP
• 1998-10-15 Sold (Public Records) $70,000 Public Records
• 1998-08-10 Sold (MLS) $70,000 MiRealSource-MiMLS
• 1998-07-13 Listing Removed — MiRealSource-MiMLS
• 1998-06-10 Listed $72,500 MiRealSource-MiMLS
• 1991-06-11 Sold (Public Records) $41,500 Public Records

Property tax history

+13.1%/yr

Latest (2025): $2,820 · -54.4% YoY. Source: county tax records.