14953 Pinehurst St · Detroit, MI 48238

$59,000

3 bd · 1.0 ba · 1,485 sqft · SingleFamily public records · 368 Days on market

Built 1928 3,049 sqft lot $40/sqft · at area comps Est $59k · at est.

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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 +7.2/15.0
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is an investment opportunity on Detroit's west side. Brick bungalow on corner lot with one car detached garage. Hardwood floors. Living room with fireplace. Good candidate to flip or fix up and rent out. Cash or DSCR Buyers only.

Key facts

• Brick bungalow
• Corner lot
• Hardwood floors

Tags

• INVESTMENT OPPORTUNITY
• BRICK BUNGALOW
• CORNER LOT
• HARDWOOD FLOORS
• LIVING ROOM WITH FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.8% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.1%/yr); 348 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 44% of the median local income ($33k/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 $408 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 + 6.1% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 368 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.5% of price; built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 368 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 1928 — 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: 2.08% ✓
• Cap rate: 14.80%
• Cash-on-cash: 30.39%
• DSCR: 2.35
• GRM: 4.0

CMA / ARV

• ARV (median comp): $58,623
• List price: $59,000
• Delta: 0.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15087 Pinehurst St	0.10mi	3/1.0	1,497 (+1%)	4mo	$55,000	$37	91
14931 Monte Vista St	0.06mi	3/1.5	1,307 (-12%)	0mo	$35,000	$27	75
14889 Manor St	0.13mi	4/2.5 (+1)	1,375 (-7%)	0mo	$159,000	$116	70
15841 Steel St	0.65mi	3/1.0	1,460 (-2%)	1mo	$50,000	$34	66
14905 Littlefield St	0.50mi	3/1.0	1,368 (-8%)	1mo	$52,000	$38	62
14265 Appoline St	0.55mi	3/2.0	1,384 (-7%)	0mo	$76,000	$55	58
14942 Ward Ave	0.36mi	4/2.0 (+1)	1,619 (+9%)	4mo	$75,000	$46	56
15771 Birwood St	0.50mi	3/1.5	1,290 (-13%)	0mo	$128,995	$100	52
14974 Cheyenne St	0.42mi	3/2.5	1,300 (-12%)	4mo	$155,000	$119	51
15788 Littlefield St	0.70mi	3/1.0	1,608 (+8%)	4mo	$95,000	$59	50
15053 Littlefield St	0.50mi	3/2.0	1,286 (-13%)	2mo	$75,000	$58	48
15103 Cheyenne St	0.46mi	4/2.0 (+1)	1,317 (-11%)	4mo	$121,500	$92	48

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 · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 29.3%
• Equity multiple: 2.28×
• Total profit: $21,201
• Equity at exit: $8,797

10-year hold

• IRR: 38.7%
• Equity multiple: 5.28×
• Total profit: $70,752
• Equity at exit: $5,101

Cash invested: $16,520 (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 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 348
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,230 high
• Mortgage (P&I): −$309
• Tax from tax record: −$219 /mo · $2,630/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $418

Break-even live

Break-even rent $700

Max offer price $59,000

Occupancy floor 61%

Sensitivity live

Price	-10% $452	-5% $435	+0% $418	+5% $402	+10% $385
Rent	-10% $321	-5% $370	+0% $418	+5% $467	+10% $516
Rate	-1.0pp $448	-0.5pp $433	base $418	+0.5pp $403	+1.0pp $388

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	25d	1	0.08mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	44d	1	0.34mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	5d	1	0.41mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	44d	1	0.41mi
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	5d	1	0.44mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	44d	1	0.48mi
15088 Littlefield St Detroit, MI	2.0	1.0	1294	$1,275	$0.99	22d	1	0.50mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	44d	1	0.54mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	44d	1	0.63mi
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	17d	1	0.63mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	44d	1	0.64mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	5d	1	0.69mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	17d	1	0.72mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	17d	1	0.74mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	18d	1	0.74mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	44d	1	0.77mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	25d	1	0.77mi
15791 Cherrylawn St Detroit, MI	2.0	1.0	1792	$1,100	$0.61	44d	1	0.78mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	0.79mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	44d	1	0.82mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	13d	1	0.83mi
13910 Kentucky St Detroit, MI	2.0	1.0	1680	$1,000	$0.60	44d	1	0.88mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	44d	1	0.89mi
15517 Lesure St Unit BDRM1A Detroit, MI	2.0	1.0	1000	$850	$0.85	25d	1	0.89mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	44d	1	0.91mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	18d	1	0.91mi
13979 Cherrylawn St Detroit, MI	3.0	1.0	1296	$1,334	$1.03	21d	1	0.93mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	5d	1	0.94mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	3d	1	0.96mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	17d	1	1.00mi
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	44d	1	1.01mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	44d	1	1.01mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	18d	1	1.01mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	2d	1	1.01mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	18d	1	1.11mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	44d	1	1.12mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	20d	1	1.15mi
14559 Strathmoor St Detroit, MI	2.0	1.0	1033	$1,150	$1.11	21d	1	1.15mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	17d	1	1.15mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	4d	1	1.19mi

Listing history 21 events

1. 2026-06-21
   days on market $59,000 Active 368 DOM
2. 2026-06-18
   days on market $59,000 Active 365 DOM
3. 2026-06-17
   days on market $59,000 Active 364 DOM
4. 2026-06-15
   days on market $59,000 Active 362 DOM
5. 2026-06-13
   days on market $59,000 Active 360 DOM
6. 2026-06-13
   days on market $59,000 Active 359 DOM
7. 2026-06-09
   days on market $59,000 Active 356 DOM
8. 2026-06-08
   days on market $59,000 Active 355 DOM
9. 2026-06-07
   days on market $59,000 Active 354 DOM
10. 2026-06-04
    days on market $59,000 Active 351 DOM
11. 2026-06-03
    days on market $59,000 Active 350 DOM
12. 2026-06-01
    days on market $59,000 Active 348 DOM
13. 2026-05-31
    days on market $59,000 Active 347 DOM
14. 2026-05-08
    price $59,000 234-char remark

    Show marketing remark (234 chars)

    Here is an investment opportunity on Detroit's west side. Brick bungalow on corner lot with one car detached garage. Hardwood floors. Living room with fireplace. Good candidate to flip or fix up and rent out. Cash or DSCR Buyers only.

15. 2026-05-08
    price $59,000 234-char remark

    Show marketing remark (234 chars)

    Here is an investment opportunity on Detroit's west side. Brick bungalow on corner lot with one car detached garage. Hardwood floors. Living room with fireplace. Good candidate to flip or fix up and rent out. Cash or DSCR Buyers only.

16. 2025-07-31
    price $62,000 234-char remark

    Show marketing remark (234 chars)

    Here is an investment opportunity on Detroit's west side. Brick bungalow on corner lot with one car detached garage. Hardwood floors. Living room with fireplace. Good candidate to flip or fix up and rent out. Cash or DSCR Buyers only.

17. 2025-07-31
    price $62,000 234-char remark

    Show marketing remark (234 chars)

    Here is an investment opportunity on Detroit's west side. Brick bungalow on corner lot with one car detached garage. Hardwood floors. Living room with fireplace. Good candidate to flip or fix up and rent out. Cash or DSCR Buyers only.

18. 2025-06-18
    listed $69,000 Active 234-char remark

    Show marketing remark (234 chars)

    Here is an investment opportunity on Detroit's west side. Brick bungalow on corner lot with one car detached garage. Hardwood floors. Living room with fireplace. Good candidate to flip or fix up and rent out. Cash or DSCR Buyers only.

19. 2025-06-18
    listed $69,000 Active 234-char remark

    Show marketing remark (234 chars)

    Here is an investment opportunity on Detroit's west side. Brick bungalow on corner lot with one car detached garage. Hardwood floors. Living room with fireplace. Good candidate to flip or fix up and rent out. Cash or DSCR Buyers only.

20. 2023-03-29
    soldstatus $81,000
21. 2022-05-19
    soldstatus $52,500

ⓘ 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: $2,630 · $219/mo
• Projected year-2 tax: $2,630 · $219/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 2/10 Low 7 d/yr ≥97°F today · 14 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: $14,757
• − Mortgage interest: −$3,305
• − Property taxes: −$2,630
• − Insurance: −$295
• − Repairs & maintenance: −$1,181
• − Management: −$1,181
• − Depreciation: −$1,716
• Taxable income: $4,450
• Est. tax owed @ 24.0%: −$1,068
• After-tax cash flow: $3,953/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

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 (94%)
• Race & ethnicity: Black 94% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

+12.4% since first listed

8 events — show timeline

• 2026-05-08 Price Changed $59,000 MiRealSource-MiMLS
• 2026-05-08 Price Changed $59,000 REALCOMP
• 2025-07-31 Price Changed $62,000 MiRealSource-MiMLS
• 2025-07-31 Price Changed $62,000 REALCOMP
• 2025-06-18 Listed $69,000 REALCOMP
• 2025-06-18 Listed $69,000 MiRealSource-MiMLS
• 2023-03-29 Sold (Public Records) $81,000 Public Records
• 2022-05-19 Sold (Public Records) $52,500 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,630 · -10.5% YoY. Source: county tax records.