2681 Burlingame St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
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 +16.8/30.0
- ARV discount +7.5/15.0
- DSCR +5.2/10.0
- Rent growth +3.8/5.0
- Livability +3.7/5.0
- 1% rule +3.5/10.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$179,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to 2681 Burlingame - a fully renovated 3-bedroom, 2-bathroom home showcasing quality craftsmanship and top-tier finishes throughout. No detail was overlooked in this stunning transformation, offering the perfect combination of modern design, comfort, and functionality in one of the area's rapidly growing neighborhoods. Step inside to find beautiful hardwood floors flowing throughout the entire home, complemented by recessed spot lighting that creates a bright and inviting atmosphere in every room. The completely updated kitchen features brand-new cabinetry, new appliances, and stylish tile flooring, making it both functional and visually impressive. Both bathrooms have also been fully updated with tiled finishes that add a sleek, modern touch. The basement is setup for a kitchen and bathroom. Additional upgrades include newer windows, a newer roof, newer interior doors, and updated door handles throughout the home - all completed with exceptional attention to detail and quality workmanship. This is not your average renovation; everything was done the right way with no shortcuts taken. There is also a large room on the 3rd floor with a large walk in closet. Outside, the oversized 2-car garage offers excellent space for parking, storage, or a workshop setup. Located in an up-and-coming neighborhood experiencing exciting growth and revitalization, this property is an outstanding opportunity for homeowners and investors alike. Move-in ready and truly turn-key, 2681 Burlingame is a home that stands out from the rest. Schedule your private showing today!
Key facts
- Fully renovated
- New appliances
- Updated kitchen
Tags
Property features AI
Finance
- Other: Paved road access; Lot dimensions approximately 35 x 126 (0.1 acres); Subdivision: Burlingame Park Sub
Exterior
- Parking: Detached garage; Driveway; Garage faces front; 2 garage spaces
- Utilities: Public water; Public sewer
- Home design: Single family residence; Two levels; Ground-level entry with steps
- Construction: Brick and vinyl siding construction; Asphalt roof; Block foundation; Built area above grade: 1,600
- Exterior features: Balcony; Porch; Back yard with fencing (fenced)
Interior
- Kitchen: Gas range; Refrigerator; Microwave
- Bedrooms: Total of 7 rooms (includes bedrooms and living spaces)
- Bathrooms: 1 full bathroom; 1 half bathroom
- Heating & cooling: Forced air heating (natural gas); Central air conditioning
- Interior features: Gas water heater; Free-standing gas range; Free-standing refrigerator; Microwave; Living room fireplace; Full unfinished basement
- Laundry & utility: Washer hookup; Gas dryer hookup
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.5-bath single-family listed at $180k.
Deal economics
- At list price, monthly cash flow is $114 ($1k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $152k (15.4% below list).
- Recommended offer: $152k (15.4% below list) — sets the bar for 1% rule.
- Cap rate 7.1% vs local median 10.0% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
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: Durfee Elementarymiddle School (593 students, 91% FRL); Central High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 353 students, 89% FRL) — zoned schools at 90% FRL track the district average.
- Market conditions: Rents rising fast (+5.2%/yr); 273 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 41% of the median local income ($45k/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 $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.
Negotiation context
- It's been on market 26 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
- 26 sale attempts since 22y ago; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $12k; list at $180k implies a 1399% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- 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
- 0.85% ✗
- Cap rate
- 7.05%
- Cash-on-cash
- 2.71%
- DSCR
- 1.12
- GRM
- 9.9
CMA / ARV
- ARV (on-the-fly)
- $115,413
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2704 Burlingame St | 0.04mi | 3/1.5 | 1,618 (+2%) | 6mo | $119,000 | $74 | 90 |
| 3275 Collingwood St | 0.33mi | 4/1.5 (+1) | 1,600 (+1%) | 2mo | $64,000 | $40 | 76 |
| 3765 Cortland St | 0.62mi | 3/1.5 | 1,587 (+0%) | 2mo | $120,000 | $76 | 69 |
| 2405 Sturtevant St | 0.53mi | 3/1.5 | 1,636 (+4%) | 3mo | $45,000 | $28 | 67 |
| 2064 Glynn Ct | 0.48mi | 4/1.5 (+1) | 1,624 (+3%) | 4mo | $118,556 | $73 | 65 |
| 3421 Edison St | 0.62mi | 3/1.5 | 1,574 (-0%) | 13mo | $30,000 | $19 | 59 |
| 2930 Taylor St | 0.74mi | 3/1.5 | 1,554 (-2%) | 5mo | $46,000 | $30 | 58 |
| 4255 Webb St | 0.74mi | 3/1.5 | 1,569 (-1%) | 7mo | $155,000 | $99 | 58 |
| 2460 Atkinson St | 0.62mi | 3/1.5 | 1,590 (+1%) | 16mo | $239,000 | $150 | 57 |
| 3040 Burlingame St | 0.22mi | 3/2.5 | 1,778 (+12%) | 12mo | $275,000 | $155 | 55 |
| 2050 Atkinson St | 0.75mi | 4/1.5 (+1) | 1,624 (+3%) | 8mo | $75,000 | $46 | 49 |
| 3266 Collingwood St | 0.32mi | 3/1.5 | 1,358 (-14%) | 15mo | $55,000 | $41 | 49 |
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 · 5.2% rent growth · sell at horizon
- IRR
- -9.9%
- Equity multiple
- 0.63×
- Total profit
- $-18,536
- Equity at exit
- $26,824
- IRR
- 2.0%
- Equity multiple
- 1.15×
- Total profit
- $7,671
- Equity at exit
- $15,554
Cash invested: $50,372 (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
ZIP-level market 48206
- Rents YoY
- 5.2%
- Active inventory
- 273
- Price-to-rent
- 9.9×
Monthly cashflow live
- Estimated rent
- $1,522 high interval (Pro) →
- Mortgage (P&I)
- −$943
- Tax from tax record
- −$70 /mo · $839/yr
- Insurance
- −$75
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$320
- Net cashflow
- $114
Break-even live
Sensitivity live
| Price | -10% $216 | -5% $165 | +0% $114 | +5% $63 | +10% $12 |
|---|---|---|---|---|---|
| Rent | -10% $-6 | -5% $54 | +0% $114 | +5% $174 | +10% $234 |
| Rate | -1.0pp $204 | -0.5pp $160 | base $114 | +0.5pp $67 | +1.0pp $20 |
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
- $44,975
- Closing costs
- $5,397
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2634 Lawrence St Detroit, MI | 3.0 | 1.5 | 1388 | $1,600 | $1.15 | 3d | 1 | 0.07mi |
| 2655 Collingwood St Detroit, MI | 4.0 | 1.5 | 1881 | $2,700 | $1.44 | 0d | 1 | 0.12mi |
| 2727 Calvert Ave Unit 1 Detroit, MI | 3.0 | 1.5 | 1350 | $1,200 | $0.89 | 45d | 1 | 0.18mi |
| 2653 Calvert Ave Unit 1 Detroit, MI | 3.0 | 1.0 | 1305 | $1,200 | $0.92 | 45d | 1 | 0.18mi |
| 3031 Lawrence St Detroit, MI | 4.0 | 1.0 | 1700 | $1,600 | $0.94 | 18d | 1 | 0.19mi |
| 2925 Calvert St Detroit, MI | 3.0 | 1.0 | 1400 | $1,300 | $0.93 | 18d | 1 | 0.19mi |
| 3224 Calvert St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 45d | 1 | 0.28mi |
| 3226 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 14d | 1 | 0.28mi |
| 3266 Calvert Ave Fl 2 Detroit, MI | 3.0 | 1.0 | 1279 | $1,300 | $1.02 | 26d | 1 | 0.32mi |
| 3322 Webb St Unit 1 Detroit, MI | 3.0 | 1.0 | 1656 | $1,350 | $0.82 | 45d | 1 | 0.35mi |
| 3322 Webb St Unit 2 Detroit, MI | 3.0 | 1.0 | 1656 | $1,350 | $0.82 | 45d | 1 | 0.35mi |
| 3322 Webb St Detroit, MI | 3.0 | 1.0 | 1600 | $1,250 | $0.78 | 18d | 1 | 0.35mi |
| 3224 Monterey St Unit 2E Detroit, MI | 2.0 | 1.0 | 1200 | $1,350 | $1.12 | 45d | 1 | 0.39mi |
| 2045 Calvert St Detroit, MI | 2.0 | 2.0 | 1400 | $1,600 | $1.14 | 45d | 1 | 0.50mi |
| 3422 Edison St Detroit, MI | 3.0 | 1.0 | 1300 | $1,295 | $1.00 | 18d | 1 | 0.57mi |
| 2474 Fullerton St Detroit, MI | 3.0 | 1.0 | 1400 | $1,300 | $0.93 | 17d | 1 | 0.60mi |
| 1929 Calvert Ave Unit 2 Detroit, MI | 3.0 | 1.0 | 1414 | $1,199 | $0.85 | 17d | 1 | 0.60mi |
| 2463 Taylor St Detroit, MI | 3.0 | 1.0 | 1350 | $1,100 | $0.81 | 45d | 1 | 0.76mi |
| 2254 Taylor St Unit Taylor St unit Detroit, MI | 3.0 | 1.0 | 1307 | $1,550 | $1.19 | 5d | 1 | 0.79mi |
| 9844 Woodrow Wilson St Detroit, MI | 3.0 | 1.0 | 1187 | $1,300 | $1.10 | 14d | 1 | 0.82mi |
| 2302 Hazelwood St Unit 1 Detroit, MI | 3.0 | 1.0 | 1550 | $1,273 | $0.82 | 26d | 1 | 0.83mi |
| 3220 Gladstone St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 45d | 1 | 0.86mi |
| 11704 Broadstreet Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,050 | $0.88 | 45d | 1 | 0.88mi |
| 3740 Tyler St Unit 1 Detroit, MI | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 7d | 1 | 0.91mi |
| 1427 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,850 | $1.68 | 26d | 1 | 0.93mi |
| 1427 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,750 | $1.59 | 45d | 1 | 0.93mi |
| 12546 Broadstreet Ave Detroit, MI | 3.0 | 1.5 | 1899 | $1,250 | $0.66 | 46d | 1 | 1.00mi |
| 3786 Carter St Unit 2 Detroit, MI | 3.0 | 1.0 | 1400 | $1,100 | $0.79 | 26d | 1 | 1.01mi |
| 3209 W Grand St Detroit, MI | 3.0 | 1.0 | 1550 | $1,103 | $0.71 | 45d | 1 | 1.02mi |
| 4341 Glendale St Detroit, MI | 4.0 | 2.5 | 1832 | $1,680 | $0.92 | 7d | 1 | 1.03mi |
| 3757 Blaine St Detroit, MI | 3.0 | 1.0 | 1169 | $1,480 | $1.27 | 18d | 1 | 1.07mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 45d | 1 | 1.09mi |
| 2506 W Euclid St Detroit, MI | 3.0 | 1.0 | 1475 | $1,675 | $1.14 | 45d | 1 | 1.10mi |
| 2504 W Euclid St Unit 2506 Detroit, MI | 3.0 | 1.0 | 1475 | $1,675 | $1.14 | 45d | 1 | 1.10mi |
| 2504 W Euclid St Unit 2504 Detroit, MI | 3.0 | 1.0 | 1475 | $1,650 | $1.12 | 45d | 1 | 1.11mi |
| 3259 W Philadelphia St Detroit, MI | 3.0 | 1.0 | 1293 | $1,400 | $1.08 | 18d | 1 | 1.11mi |
| 1926 Clements St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 7d | 1 | 1.11mi |
| 1926 Clements St Unit 1926 Detroit, MI | 3.0 | 1.0 | 1150 | $1,250 | $1.09 | 22d | 1 | 1.11mi |
| 3812 W Grand St Detroit, MI | 2.0 | 1.0 | 1100 | $1,025 | $0.93 | 18d | 1 | 1.14mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 45d | 1 | 1.24mi |
Listing history 50 events
-
2026-06-21days on market $179,900 Active 26 DOM
-
2026-06-18days on market $179,900 Active 23 DOM
-
2026-06-17days on market $179,900 Active 22 DOM
-
2026-06-15days on market $179,900 Active 20 DOM
-
2026-06-13days on market $179,900 Active 18 DOM
-
2026-06-13days on market $179,900 Active 17 DOM
-
2026-06-10price $179,900 Active 14 DOM
-
2026-06-09days on market $199,900 Active 14 DOM
-
2026-06-08days on market $199,900 Active 13 DOM
-
2026-06-07days on market $199,900 Active 12 DOM
-
2026-06-04days on market $199,900 Active 9 DOM
-
2026-06-03days on market $199,900 Active 8 DOM
-
2026-06-02days on market $199,900 Active 7 DOM
-
2026-06-01days on market $199,900 Active 6 DOM
-
2026-05-31days on market $199,900 Active 5 DOM
-
2026-05-26$199,900 Active
Show marketing remark (1586 chars)
Welcome to 2681 Burlingame - a fully renovated 3-bedroom, 2-bathroom home showcasing quality craftsmanship and top-tier finishes throughout. No detail was overlooked in this stunning transformation, offering the perfect combination of modern design, comfort, and functionality in one of the area's rapidly growing neighborhoods. Step inside to find beautiful hardwood floors flowing throughout the entire home, complemented by recessed spot lighting that creates a bright and inviting atmosphere in every room. The completely updated kitchen features brand-new cabinetry, new appliances, and stylish tile flooring, making it both functional and visually impressive. Both bathrooms have also been fully updated with tiled finishes that add a sleek, modern touch. The basement is setup for a kitchen and bathroom. Additional upgrades include newer windows, a newer roof, newer interior doors, and updated door handles throughout the home - all completed with exceptional attention to detail and quality workmanship. This is not your average renovation; everything was done the right way with no shortcuts taken. There is also a large room on the 3rd floor with a large walk in closet. Outside, the oversized 2-car garage offers excellent space for parking, storage, or a workshop setup. Located in an up-and-coming neighborhood experiencing exciting growth and revitalization, this property is an outstanding opportunity for homeowners and investors alike. Move-in ready and truly turn-key, 2681 Burlingame is a home that stands out from the rest. Schedule your private showing today!
-
2026-05-26$199,900 Active 1586-char remark
Show marketing remark (1586 chars)
Welcome to 2681 Burlingame - a fully renovated 3-bedroom, 2-bathroom home showcasing quality craftsmanship and top-tier finishes throughout. No detail was overlooked in this stunning transformation, offering the perfect combination of modern design, comfort, and functionality in one of the area's rapidly growing neighborhoods. Step inside to find beautiful hardwood floors flowing throughout the entire home, complemented by recessed spot lighting that creates a bright and inviting atmosphere in every room. The completely updated kitchen features brand-new cabinetry, new appliances, and stylish tile flooring, making it both functional and visually impressive. Both bathrooms have also been fully updated with tiled finishes that add a sleek, modern touch. The basement is setup for a kitchen and bathroom. Additional upgrades include newer windows, a newer roof, newer interior doors, and updated door handles throughout the home - all completed with exceptional attention to detail and quality workmanship. This is not your average renovation; everything was done the right way with no shortcuts taken. There is also a large room on the 3rd floor with a large walk in closet. Outside, the oversized 2-car garage offers excellent space for parking, storage, or a workshop setup. Located in an up-and-coming neighborhood experiencing exciting growth and revitalization, this property is an outstanding opportunity for homeowners and investors alike. Move-in ready and truly turn-key, 2681 Burlingame is a home that stands out from the rest. Schedule your private showing today!
-
2026-04-30historical
-
2026-04-30historical
-
2026-04-13price $179,999
-
2026-04-13price $179,999
-
2026-04-07price $180,000
-
2026-04-06price $180,000
-
2026-03-17$210,000 Active
-
2026-03-17historical
-
2026-03-17historical
-
2026-03-17$210,000 Active
-
2026-03-17$210,000 Active
-
2026-03-17$210,000 Active
-
2026-03-16historical
-
2026-02-16historical
-
2026-02-16historical
-
2026-02-03price $210,000
-
2026-02-02price $210,000
-
2025-12-05price $229,999
-
2025-12-04price $229,999
-
2025-10-07price $230,000
-
2025-10-07price $230,000
-
2025-10-03status Active
-
2025-10-02historical
-
2025-09-09price $250,000
-
2025-09-09price $250,000
-
2025-08-29$270,000 Active
-
2025-08-29$270,000 Active
-
2025-08-27historical
-
2025-08-13historical
-
2025-08-13historical
-
2025-07-06$270,000 Active
-
2025-07-05$270,000 Active
-
2008-06-13soldstatus $12,000
ⓘ 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
- $839 · $70/mo
- Projected year-2 tax
- $1,805 · $150/mo
- Expected delta
- +$966/yr (+$80/mo · 115.1%)
ⓘ 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 ≥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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $18,259
- − Mortgage interest
- −$10,077
- − Property taxes
- −$839
- − Insurance
- −$900
- − Repairs & maintenance
- −$1,461
- − Management
- −$1,461
- − Depreciation
- −$5,233
- Taxable loss
- −$1,711
- Est. tax savings @ 24.0%
- +$411
- After-tax cash flow
- $1,776/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
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
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
|
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| Healthcare / Medical Devices | 1 | $23B |
|
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| Automotive Technology | 1 | $20B |
|
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Price history
+750.6% since first listed66 events — show timeline
- 2026-05-26 Listed $199,900 REALCOMP
- 2026-05-26 Listed $199,900 MiRealSource-MiMLS
- 2026-04-30 Listing Removed — REALCOMP
- 2026-04-30 Listing Removed — MiRealSource-MiMLS
- 2026-04-13 Price Changed $179,999 MiRealSource-MiMLS
- 2026-04-13 Price Changed $179,999 REALCOMP
- 2026-04-07 Price Changed $180,000 MiRealSource-MiMLS
- 2026-04-06 Price Changed $180,000 REALCOMP
- 2026-03-17 Listed $210,000 REALCOMP
- 2026-03-17 Listed $210,000 MiRealSource-MiMLS
- 2026-03-17 Listing Removed — REALCOMP
- 2026-03-17 Listing Removed — MiRealSource-MiMLS
- 2026-03-17 Listed $210,000 MiRealSource-MiMLS
- 2026-03-17 Listed $210,000 REALCOMP
- 2026-03-16 Coming Soon — MiRealSource-MiMLS
- 2026-02-16 Listing Removed — REALCOMP
- 2026-02-16 Listing Removed — MiRealSource-MiMLS
- 2026-02-03 Price Changed $210,000 MiRealSource-MiMLS
- 2026-02-02 Price Changed $210,000 REALCOMP
- 2025-12-05 Price Changed $229,999 MiRealSource-MiMLS
- 2025-12-04 Price Changed $229,999 REALCOMP
- 2025-10-07 Price Changed $230,000 MiRealSource-MiMLS
- 2025-10-07 Price Changed $230,000 REALCOMP
- 2025-10-03 Relisted — REALCOMP
- 2025-10-02 Listing Removed — REALCOMP
- 2025-09-09 Price Changed $250,000 MiRealSource-MiMLS
- 2025-09-09 Price Changed $250,000 REALCOMP
- 2025-08-29 Listed $270,000 MiRealSource-MiMLS
- 2025-08-29 Listed $270,000 REALCOMP
- 2025-08-27 Coming Soon — MiRealSource-MiMLS
- 2025-08-13 Listing Removed — REALCOMP
- 2025-08-13 Listing Removed — MiRealSource-MiMLS
- 2025-07-06 Listed $270,000 REALCOMP
- 2025-07-05 Listed $270,000 MiRealSource-MiMLS
- 2008-06-13 Sold (MLS) $12,000 REALCOMP
- 2008-04-09 Listing Removed — REALCOMP
- 2008-04-09 Listing Removed — MiRealSource-MiMLS
- 2008-02-09 Listed $31,000 REALCOMP
- 2008-02-09 Listed $35,900 MiRealSource-MiMLS
- 2008-02-09 Listed $20,000 REALCOMP
- 2008-02-05 Listing Removed — MiRealSource-MiMLS
- 2008-02-05 Listing Removed — REALCOMP
- 2007-12-05 Listing Removed — MiRealSource-MiMLS
- 2007-12-05 Listing Removed — REALCOMP
- 2007-11-06 Listed $39,900 MiRealSource-MiMLS
- 2007-11-06 Listed $39,900 REALCOMP
- 2007-11-05 Listing Removed — REALCOMP
- 2007-08-26 Listed $53,900 REALCOMP
- 2007-08-26 Listed $53,900 MiRealSource-MiMLS
- 2007-08-26 Listed $53,900 REALCOMP
- 2007-08-14 Listing Removed — REALCOMP
- 2007-08-14 Listing Removed — MiRealSource-MiMLS
- 2007-08-14 Listing Removed — MiRealSource-MiMLS
- 2007-08-14 Listing Removed — REALCOMP
- 2007-08-14 Listing Removed — REALCOMP
- 2007-05-21 Listed $53,900 MiRealSource-MiMLS
- 2007-05-21 Listed $53,900 REALCOMP
- 2007-05-20 Listed $53,900 MiRealSource-MiMLS
- 2007-05-20 Listed $53,900 REALCOMP
- 2007-05-14 Listed $53,900 REALCOMP
- 2004-10-18 Sold (Public Records) $100,000 Public Records
- 2004-10-13 Sold (MLS) $100,000 REALCOMP
- 2004-08-23 Listed $125,000 REALCOMP
- 2004-07-26 Listing Removed — REALCOMP
- 2004-04-29 Listed $99,500 REALCOMP
- 1991-04-02 Sold (Public Records) $23,500 Public Records
Property tax history
-6.8%/yrLatest (2025): $839 · -10.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…