20026 Goulburn 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 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
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
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.
Questions for the listing agent
- Built in 1948 — 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?
- 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
- 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
- IRR
- 16.5%
- Equity multiple
- 1.65×
- Total profit
- $14,425
- Equity at exit
- $11,779
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-18days on market $79,000 Active 30 DOM
-
2026-06-17days on market $79,000 Active 29 DOM
-
2026-06-15days on market $79,000 Active 27 DOM
-
2026-06-13days on market $79,000 Active 25 DOM
-
2026-06-13days on market $79,000 Active 24 DOM
-
2026-06-09days on market $79,000 Active 21 DOM
-
2026-06-08days on market $79,000 Active 20 DOM
-
2026-06-07days on market $79,000 Active 19 DOM
-
2026-06-04days on market $79,000 Active 16 DOM
-
2026-06-03days on market $79,000 Active 15 DOM
-
2026-06-02days on market $79,000 Active 14 DOM
-
2026-06-01days on market $79,000 Active 13 DOM
-
2026-05-31days on market $79,000 Active 12 DOM
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2026-05-19$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.
-
2026-05-19$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.
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2023-08-14soldstatus $87,100
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2023-03-23soldstatus $61,000
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2023-03-15soldstatus $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!
-
2023-03-15soldstatus $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!
-
2023-03-06status 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!
-
2023-03-06status 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!
-
2023-03-03historical 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!
-
2023-03-03historical 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!
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2023-02-17$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!
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2023-02-17$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!
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2018-08-14soldstatus $14,000
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2018-08-14soldstatus $14,000
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2018-08-04historical
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2018-07-02$19,900
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2018-07-02$19,900
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2018-04-03soldstatus $7,000 Closed
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2018-04-03soldstatus $7,000
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2018-02-07status Pending
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2018-01-30price $8,900
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2017-12-29$13,900 Active
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2017-12-29$8,900
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2005-10-01historical
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2005-04-01$89,000
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2003-08-04soldstatus $67,000
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2003-04-03historical
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2002-06-16$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
- 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
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
- 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 |
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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
+21.5% since first listed28 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%/yrLatest (2025): $1,893 · -9.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…