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20026 Goulburn St
B- Composite 67.79
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 +2.8/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$79,000

20026 Goulburn St · Detroit, MI 48205
3 bd · 1.0 ba · 821 sqft · SingleFamily public records · 30 Days on market
Built 1948 4,792 sqft lot

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

Listing remarks MLS

Welcome home! This solid brick bungalow is move-in ready and perfect for first-time homebuyers or investors looking to expand their portfolio. Conveniently located with easy access from 8 Mile, making commuting a breeze. The entire house has been freshly painted and features brand-new carpet & hardwood flooring throughout. The kitchen features new vinyl flooring, while the bathroom has ceramic walls and flooring for a clean feel. The basement includes freshly painted walls and durable epoxy flooring, providing a versatile space for storage or additional living use. Enjoy the outdoors with a spacious backyard fenced for added privacy. Schedule your showing today! All measurements are estimated. The property is under a surveillance system. BATVAI No seller financing or land contract.

Key facts

  • Hardwood flooring
  • Ceramic flooring
  • Solid brick bungalow

Tags

SOLID BRICK BUNGALOWBRAND NEW CARPETHARDWOOD FLOORINGNEW VINYL FLOORINGCERAMIC WALLSCERAMIC FLOORING

Property features AI

Exterior

  • Parking: Detached 1-car garage
  • Utilities: Water available; Public sewer
  • Home design: Single-family residence; Two levels
  • Construction: Brick and vinyl siding exterior; Block foundation
  • Exterior features: Asphalt roof; Paved road access; Lot approximately 0.11 acres (40 x 114.5); Ground-level entry with steps

Interior

  • Bathrooms: One full bathroom
  • Heating & cooling: Forced air heating; Natural gas heating; No central cooling
  • Interior features: Unfinished basement; Six total rooms

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $79k.

Deal economics

  • At list price, monthly cash flow is $462 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $79k).
  • Recommended offer: $78k (1.5% below list) — sets the bar for market timing.
  • Cap rate 13.3% 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 (+1.3%/yr); 373 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 42% 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 $546 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 $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 30 days — a 2% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
  • 10 sale attempts since 24y 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 1948 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $77,815 (1.5% below list)

Questions for the listing agent

  1. Built in 1948 — 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
1.71%
Cap rate
13.30%
Cash-on-cash
25.04%
DSCR
2.11
GRM
4.9

CMA / ARV

ARV (on-the-fly)
$45,976
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
20543 Waltham St 0.28mi 3/1.0 890 (+8%) 1mo $50,000 $56 72
20200 Alcoy St 0.27mi 3/1.0 917 (+12%) 2mo $55,100 $60 66
13452 Tacoma St 0.42mi 3/1.0 900 (+10%) 1mo $69,072 $77 63
12753 Georgiana Ave 0.46mi 3/1.0 888 (+8%) 2mo $120,000 $135 63
20300 Hickory St 0.37mi 3/1.0 918 (+12%) 1mo $31,000 $34 62
20218 Hickory St 0.33mi 3/1.0 930 (+13%) 1mo $26,000 $28 61
19170 Schoenherr St 0.73mi 3/1.0 797 (-3%) 0mo $25,500 $32 61
20091 Annott St 0.47mi 2/1.0 (-1) 747 (-9%) 1mo $12,800 $17 57
13046 Sherman Ave 0.62mi 4/1.0 (+1) 870 (+6%) 1mo $120,000 $138 55
12416 Vernon Ave 0.52mi 3/1.0 944 (+15%) 2mo $128,000 $136 49
19392 Pelkey St 0.56mi 2/1.0 (-1) 731 (-11%) 2mo $30,000 $41 49
14027 Tacoma St 0.74mi 2/1.5 (-1) 860 (+5%) 2mo $34,000 $40 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 · 1.33% rent growth · sell at horizon

5-year hold
IRR
16.5%
Equity multiple
1.65×
Total profit
$14,425
Equity at exit
$11,779
10-year hold
IRR
23.8%
Equity multiple
2.89×
Total profit
$41,795
Equity at exit
$6,830

Cash invested: $22,120 (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.

ZIP-level market 48205

Home prices YoY
-28.1%
Rents YoY
1.3%
Active inventory
373
Price-to-rent
4.9×

Monthly cashflow live

Estimated rent
$1,350 high interval (Pro) →
Mortgage (P&I)
$414
Tax from tax record
$158 /mo · $1,893/yr
Insurance
$33
HOA
$0
Vacancy / Maint / Mgmt
$284
Net cashflow
$462

Break-even live

Break-even rent $766
Max offer price $79,000
Occupancy floor 61%

Sensitivity live

Price -10% $506 -5% $484 +0% $462 +5% $439 +10% $417
Rent -10% $355 -5% $408 +0% $462 +5% $515 +10% $568
Rate -1.0pp $501 -0.5pp $482 base $462 +0.5pp $441 +1.0pp $420

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
$19,750
Closing costs
$2,370
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 36 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
20091 Barlow St Detroit, MI 3.0 1.0 930 $1,300 $1.40 18d 1 0.16mi
20296 Waltham St Detroit, MI 3.0 1.5 986 $1,300 $1.32 18d 1 0.21mi
20027 Alcoy St Detroit, MI 3.0 1.0 1000 $1,349 $1.35 18d 1 0.24mi
20553 Hamburg St Detroit, MI 3.0 1.0 1074 $1,300 $1.21 4d 1 0.35mi
20242 Hickory St Detroit, MI 3.0 1.0 747 $1,300 $1.74 12d 1 0.36mi
20227 Pelkey St Detroit, MI 3.0 1.0 968 $1,350 $1.39 18d 1 0.39mi
12807 Coleen Ave Warren, MI 3.0 1.0 1080 $1,250 $1.16 25d 1 0.43mi
20215 Schoenherr St Unit 1 Detroit, MI 2.0 1.0 1000 $1,200 $1.20 18d 1 0.44mi
12846 Georgiana Ave Warren, MI 3.0 1.0 912 $1,300 $1.43 25d 1 0.47mi
19220 Alcoy St Detroit, MI 3.0 1.0 1023 $1,350 $1.32 18d 1 0.58mi
19143 Fairport St Detroit, MI 3.0 1.0 1070 $1,225 $1.14 18d 1 0.60mi
19170 Joann St Detroit, MI 4.0 1.0 1020 $1,400 $1.37 44d 1 0.60mi
13669 Pfent St Detroit, MI 3.0 2.0 1031 $1,374 $1.33 18d 1 0.67mi
13501 Vernon Ave Warren, MI 2.0 1.0 850 $1,300 $1.53 25d 1 0.67mi
21412 Waltham Rd Warren, MI 2.0 1.0 696 $1,225 $1.76 44d 1 0.71mi
19335 Hoover St Detroit, MI 2.0 1.0 620 $1,099 $1.77 18d 1 0.75mi
19335 Hoover St Detroit, MI 2.0 1.0 620 $1,099 $1.77 44d 1 0.75mi
18703 Waltham St Detroit, MI 2.0 1.0 1000 $1,100 $1.10 44d 1 0.79mi
13050 Couwlier Ave Warren, MI 3.0 1.0 850 $1,350 $1.59 25d 1 0.80mi
18681 Barlow St Detroit, MI 3.0 1.0 1041 $1,400 $1.34 25d 1 0.82mi
14068 Carlisle St Detroit, MI 3.0 1.0 1020 $1,300 $1.27 25d 1 0.84mi
18624 Fairport St Unit NA Detroit, MI 3.0 1.0 924 $1,450 $1.57 25d 1 0.87mi
18624 Fairport St Detroit, MI 3.0 1.0 874 $1,450 $1.66 22d 1 0.87mi
18119 Joann St Detroit, MI 2.0 1.0 800 $1,100 $1.38 25d 1 1.04mi
11228 Sherman Ave Warren, MI 2.0 1.0 1000 $1,200 $1.20 13d 1 1.08mi
14461 Lappin St Detroit, MI 3.0 1.5 989 $1,150 $1.16 18d 1 1.12mi
17851 Strasburg St Detroit, MI 3.0 1.0 1079 $1,100 $1.02 18d 1 1.24mi
11319 Chalmers Ave Warren, MI 3.0 1.0 975 $1,500 $1.54 25d 1 1.24mi
11513 Greiner St Unit 11521 Greiner Detroit, MI 2.0 1.0 942 $1,050 $1.11 44d 1 1.28mi
11236 Studebaker Ave Warren, MI 2.0 1.0 672 $1,175 $1.75 44d 1 1.31mi
22852 Sharrow Ave Warren, MI 3.0 1.0 1000 $1,400 $1.40 5d 1 1.33mi
11076 Hudson Ave Warren, MI 3.0 1.0 936 $1,395 $1.49 3d 1 1.41mi
8285 Rivard Ave Warren, MI 3.0 1.0 902 $1,549 $1.72 25d 1 1.42mi
8242 Jackson Ave Warren, MI 3.0 1.0 840 $1,198 $1.43 44d 1 1.46mi
8640 Chalmers Ave Warren, MI 3.0 1.0 804 $1,423 $1.77 25d 1 1.48mi
11359 Maxwell Ave Unit 11359 Warren, MI 2.0 1.0 900 $1,000 $1.11 4d 1 1.49mi

Listing history 41 events

  1. 2026-06-18
    days on market $79,000 Active 30 DOM
  2. 2026-06-17
    days on market $79,000 Active 29 DOM
  3. 2026-06-15
    days on market $79,000 Active 27 DOM
  4. 2026-06-13
    days on market $79,000 Active 25 DOM
  5. 2026-06-13
    days on market $79,000 Active 24 DOM
  6. 2026-06-09
    days on market $79,000 Active 21 DOM
  7. 2026-06-08
    days on market $79,000 Active 20 DOM
  8. 2026-06-07
    days on market $79,000 Active 19 DOM
  9. 2026-06-04
    days on market $79,000 Active 16 DOM
  10. 2026-06-03
    days on market $79,000 Active 15 DOM
  11. 2026-06-02
    days on market $79,000 Active 14 DOM
  12. 2026-06-01
    days on market $79,000 Active 13 DOM
  13. 2026-05-31
    days on market $79,000 Active 12 DOM
  14. 2026-05-19
    listed $79,000 Active 798-char remark
    Show marketing remark (798 chars)

    Welcome home! This solid brick bungalow is move-in ready and perfect for first-time homebuyers or investors looking to expand their portfolio. Conveniently located with easy access from 8 Mile, making commuting a breeze. The entire house has been freshly painted and features brand-new carpet & hardwood flooring throughout. The kitchen features new vinyl flooring, while the bathroom has ceramic walls and flooring for a clean feel. The basement includes freshly painted walls and durable epoxy flooring, providing a versatile space for storage or additional living use. Enjoy the outdoors with a spacious backyard fenced for added privacy. Schedule your showing today! All measurements are estimated. The property is under a surveillance system. BATVAI No seller financing or land contract.

  15. 2026-05-19
    listed $79,000 Active
    Show marketing remark (798 chars)

    Welcome home! This solid brick bungalow is move-in ready and perfect for first-time homebuyers or investors looking to expand their portfolio. Conveniently located with easy access from 8 Mile, making commuting a breeze. The entire house has been freshly painted and features brand-new carpet & hardwood flooring throughout. The kitchen features new vinyl flooring, while the bathroom has ceramic walls and flooring for a clean feel. The basement includes freshly painted walls and durable epoxy flooring, providing a versatile space for storage or additional living use. Enjoy the outdoors with a spacious backyard fenced for added privacy. Schedule your showing today! All measurements are estimated. The property is under a surveillance system. BATVAI No seller financing or land contract.

  16. 2023-08-14
    soldstatus $87,100
  17. 2023-03-23
    soldstatus $61,000
  18. 2023-03-15
    soldstatus $61,000 Sold 773-char remark
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  19. 2023-03-15
    soldstatus $61,000 Closed
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  20. 2023-03-06
    status Pending
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  21. 2023-03-06
    status Pending 773-char remark
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  22. 2023-03-03
    historical Accepting Backup Offers
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  23. 2023-03-03
    historical Accepting Backup Offers 773-char remark
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  24. 2023-02-17
    listed $64,900 Active 773-char remark
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  25. 2023-02-17
    listed $64,900 Active
    Show marketing remark (773 chars)

    * * OPPORTUNITY * * Investors add this 3 bedroom, 1 bathroom Greensbriar brick bungalow to your rental portfolio! The property was just rehabbed and made rent-ready, meaning all you need to do it purchase it, rent it, and start collecting! Rents in the area are going for $1,000/month for a cash-paying tenant or up to $1,300 for a Section 8 tenant. The property features fresh paint throughout, an updated kitchen, refinished hardwood floors throughout the 1st floor, almost all new vinyl windows, a 3D architectural shingle roof, forced-air heating, an updated 100 amp circuit breaker panel, PEX supply plumbing, and a 1.5 car garage! The property is located on a quiet and well-kept block that is near numerous restaurant, shopping, and entertainment options as well!

  26. 2018-08-14
    soldstatus $14,000
  27. 2018-08-14
    soldstatus $14,000
  28. 2018-08-04
    historical
  29. 2018-07-02
    listed $19,900
  30. 2018-07-02
    listed $19,900
  31. 2018-04-03
    soldstatus $7,000 Closed
  32. 2018-04-03
    soldstatus $7,000
  33. 2018-02-07
    status Pending
  34. 2018-01-30
    price $8,900
  35. 2017-12-29
    listed $13,900 Active
  36. 2017-12-29
    listed $8,900
  37. 2005-10-01
    historical
  38. 2005-04-01
    listed $89,000
  39. 2003-08-04
    soldstatus $67,000
  40. 2003-04-03
    historical
  41. 2002-06-16
    listed $65,000

ⓘ 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
$1,893 · $158/mo
Projected year-2 tax
$1,893 · $158/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 ≥96°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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$16,201
− Mortgage interest
−$4,425
− Property taxes
−$1,893
− Insurance
−$395
− Repairs & maintenance
−$1,296
− Management
−$1,296
− Depreciation
−$2,298
Taxable income
$4,598
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,103
After-tax cash flow
$4,436/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

Price history

+21.5% since first listed
28 events — show timeline
  • 2026-05-19 Listed $79,000 REALCOMP
  • 2026-05-19 Listed $79,000 MiRealSource-MiMLS
  • 2023-08-14 Sold (Public Records) $87,100 Public Records
  • 2023-03-23 Sold (Public Records) $61,000 Public Records
  • 2023-03-15 Sold (MLS) $61,000 MiRealSource-MiMLS
  • 2023-03-15 Sold (MLS) $61,000 REALCOMP
  • 2023-03-06 Pending MiRealSource-MiMLS
  • 2023-03-06 Pending REALCOMP
  • 2023-03-03 Contingent MiRealSource-MiMLS
  • 2023-03-03 Contingent REALCOMP
  • 2023-02-17 Listed $64,900 MiRealSource-MiMLS
  • 2023-02-17 Listed $64,900 REALCOMP
  • 2018-08-14 Sold (MLS) $14,000 MiRealSource-MiMLS
  • 2018-08-14 Sold (MLS) $14,000 REALCOMP
  • 2018-08-04 Listing Removed REALCOMP
  • 2018-07-02 Listed $19,900 MiRealSource-MiMLS
  • 2018-07-02 Listed $19,900 REALCOMP
  • 2018-04-03 Sold (MLS) $7,000 REALCOMP
  • 2018-04-03 Sold (MLS) $7,000 MiRealSource-MiMLS
  • 2018-02-07 Pending MiRealSource-MiMLS
  • 2018-01-30 Price Changed $8,900 MiRealSource-MiMLS
  • 2017-12-29 Listed $8,900 REALCOMP
  • 2017-12-29 Listed $13,900 MiRealSource-MiMLS
  • 2005-10-01 Listing Removed REALCOMP
  • 2005-04-01 Listed $89,000 REALCOMP
  • 2003-08-04 Sold (Public Records) $67,000 Public Records
  • 2003-04-03 Listing Removed REALCOMP
  • 2002-06-16 Listed $65,000 REALCOMP

Property tax history

+2.4%/yr

Latest (2025): $1,893 · -9.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…