19720 Asbury Park · 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 2/10 · Minimal
- Hot days now (above 98°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 +3.3/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$85,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Turnkey investment opportunity on Detroit's west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
Key facts
- 4,356 sq ft lot
- Garage
- Built 1948
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $85k.
Deal economics
- At list price, monthly cash flow is $364 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $85k).
- Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
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 (+3.2%/yr); 291 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 $588 of loan paydown is wiped out by about $3k 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 + 3.2% rent growth), your $24k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- It's been on market 379 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
- 17 sale attempts since 29y ago; this cycle's ask has dropped $17k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $60k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: property tax is 3.3% of price; built in 1948 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 379 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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
- 1.60% ✓
- Cap rate
- 11.44%
- Cash-on-cash
- 18.38%
- DSCR
- 1.82
- GRM
- 5.2
CMA / ARV
- ARV (median comp)
- $47,666
- List price
- $85,000
- Delta
- 78.32%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 19975 Ferguson St | 0.24mi | 3/1.0 | 889 (+7%) | 1mo | $50,650 | $57 | 76 |
| 19510 Ferguson St | 0.06mi | 2/1.0 (-1) | 717 (-14%) | 3mo | $21,000 | $29 | 67 |
| 18950 Biltmore St | 0.48mi | 2/1.0 (-1) | 781 (-6%) | 1mo | $46,000 | $59 | 62 |
| 19751 Oakfield St | 0.31mi | 2/1.0 (-1) | 735 (-12%) | 1mo | $17,500 | $24 | 60 |
| 19900 Southfield Rd | 0.50mi | 3/1.0 | 898 (+8%) | 4mo | $110,000 | $122 | 60 |
| 19365 Fenmore St | 0.50mi | 3/1.0 | 912 (+10%) | 1mo | $94,900 | $104 | 60 |
| 20245 Archdale St | 0.56mi | 3/1.0 | 890 (+7%) | 4mo | $53,000 | $60 | 58 |
| 19913 Prevost St | 0.28mi | 2/1.0 (-1) | 716 (-14%) | 4mo | $27,900 | $39 | 56 |
| 20232 Prevost St | 0.47mi | 3/1.0 | 933 (+12%) | 4mo | $110,000 | $118 | 54 |
| 18937 Lindsay St | 0.54mi | 3/1.0 | 951 (+14%) | 2mo | $59,000 | $62 | 49 |
| 20004 Southfield Fwy | 0.54mi | 2/1.0 (-1) | 929 (+12%) | 1mo | $20,000 | $22 | 49 |
| 19307 Fenmore St | 0.54mi | 2/1.0 (-1) | 725 (-13%) | 3mo | $72,500 | $100 | 47 |
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 · 3.25% rent growth · sell at horizon
- IRR
- 10.5%
- Equity multiple
- 1.42×
- Total profit
- $9,881
- Equity at exit
- $12,674
- IRR
- 19.8%
- Equity multiple
- 2.69×
- Total profit
- $40,309
- Equity at exit
- $7,349
Cash invested: $23,800 (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 48235
- Rents YoY
- 3.2%
- Active inventory
- 291
- Price-to-rent
- 5.2×
Monthly cashflow live
- Estimated rent
- $1,364 high interval (Pro) →
- Mortgage (P&I)
- −$446
- Tax from tax record
- −$232 /mo · $2,780/yr
- Insurance
- −$35
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$286
- Net cashflow
- $364
Break-even live
Sensitivity live
| Price | -10% $413 | -5% $389 | +0% $364 | +5% $340 | +10% $316 |
|---|---|---|---|---|---|
| Rent | -10% $257 | -5% $311 | +0% $364 | +5% $418 | +10% $472 |
| Rate | -1.0pp $407 | -0.5pp $386 | base $364 | +0.5pp $342 | +1.0pp $320 |
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
- $21,250
- Closing costs
- $2,550
- 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 35 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 19736 Gilchrist St Detroit, MI | 2.0 | 1.0 | 696 | $995 | $1.43 | 14d | 1 | 0.15mi |
| 19467 Rutherford St Detroit, MI | 3.0 | 1.0 | 1002 | $1,200 | $1.20 | 18d | 1 | 0.23mi |
| 19440 Rutherford St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 25d | 1 | 0.27mi |
| 19307 Lindsay St Detroit, MI | 2.0 | 1.0 | 900 | $1,100 | $1.22 | 0d | 1 | 0.35mi |
| 20210 Biltmore St Detroit, MI | 3.0 | 1.0 | 1033 | $1,350 | $1.31 | 25d | 1 | 0.38mi |
| 20203 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1031 | $1,250 | $1.21 | 6d | 1 | 0.40mi |
| 19818 Fenmore St Detroit, MI | 3.0 | 1.0 | 902 | $1,275 | $1.41 | 45d | 1 | 0.43mi |
| 19918 Southfield Fwy Detroit, MI | 3.0 | 1.0 | 915 | $1,375 | $1.50 | 16d | 1 | 0.48mi |
| 20314 Gilchrist St Detroit, MI | 3.0 | 1.0 | 1042 | $1,500 | $1.44 | 6d | 1 | 0.49mi |
| 20043 Fenmore St Detroit, MI | 3.0 | 1.0 | 1030 | $1,423 | $1.38 | 0d | 1 | 0.51mi |
| 20259 Oakfield St Detroit, MI | 3.0 | 1.0 | 1056 | $1,250 | $1.18 | 18d | 1 | 0.51mi |
| 19970 Ashton Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,000 | $1.00 | 45d | 1 | 0.59mi |
| 20555 Motor Dr Detroit, MI | 1.0–2.0 | 1.0 | 750 | $1,222 | $1.63 | 16d | 5 | 0.64mi |
| 20068 Faust Ave Detroit, MI | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 25d | 1 | 0.79mi |
| 18400 Rutherford St Detroit, MI | 3.0 | 1.0 | 1050 | $1,400 | $1.33 | 5d | 1 | 0.80mi |
| 20527 Rosemont Ave Detroit, MI | 2.0 | 2.0 | 975 | $1,528 | $1.57 | 45d | 1 | 0.81mi |
| 18494 Ashton Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,600 | $1.60 | 18d | 1 | 0.85mi |
| 18268 Mansfield St Detroit, MI | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 18d | 1 | 0.85mi |
| 18276 Oakfield St Detroit, MI | 2.0 | 1.0 | 726 | $1,175 | $1.62 | 45d | 1 | 0.85mi |
| 19445 Avon Ave Detroit, MI | 3.0 | 1.0 | 1023 | $1,550 | $1.52 | 45d | 1 | 0.88mi |
| 18481 Prest St Detroit, MI | 3.0 | 1.5 | 1100 | $1,300 | $1.18 | 20d | 1 | 0.89mi |
| 18427 Greenfield Rd Detroit, MI | 2.0 | 1.0 | 952 | $980 | $1.03 | 6d | 1 | 0.89mi |
| 20011 Avon Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 6d | 1 | 0.91mi |
| 19329 Stahelin Ave Unit 1 Detroit, MI | 3.0 | 1.5 | 833 | $1,250 | $1.50 | 45d | 1 | 0.96mi |
| 17573 Asbury Park Detroit, MI | 3.0 | 2.0 | 990 | $1,400 | $1.41 | 0d | 1 | 1.06mi |
| 19372 Grandville Ave Detroit, MI | 2.0 | 1.5 | 733 | $1,025 | $1.40 | 0d | 1 | 1.14mi |
| 19176 Grandville Ave Detroit, MI | 3.0 | 1.0 | 941 | $1,300 | $1.38 | 6d | 1 | 1.17mi |
| 18699 Shaftsbury Ave Detroit, MI | 2.0 | 1.0 | 800 | $1,000 | $1.25 | 45d | 1 | 1.21mi |
| 18659 Shaftsbury Ave Detroit, MI | 3.0 | 1.0 | 763 | $1,323 | $1.73 | 0d | 1 | 1.23mi |
| 20271 Grandville Ave Detroit, MI | 3.0 | 1.0 | 1010 | $1,550 | $1.53 | 25d | 1 | 1.26mi |
| 18452 Shaftsbury Ave Detroit, MI | 3.0 | 1.0 | 927 | $1,500 | $1.62 | 18d | 1 | 1.27mi |
| 16500 N Park Dr Southfield, MI | 1.0–3.0 | 1.0–2.5 | 1500 | $2,289 | $1.53 | 0d | 1 | 1.30mi |
| 17165 Prevost St Detroit, MI | 3.0 | 1.0 | 1060 | $2,400 | $2.26 | 3d | 1 | 1.36mi |
| 17654 Sunderland Rd Detroit, MI | 3.0 | 1.0 | 1100 | $1,500 | $1.36 | 45d | 1 | 1.37mi |
| 18450 Edinborough Rd Detroit, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 45d | 1 | 1.43mi |
Listing history 48 events
-
2026-02-09price $85,000 616-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2026-02-09price $85,000 622-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-11-05price $97,500 616-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-11-05price $97,500 622-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-07-19status Active 616-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-07-19status Active 622-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-05-28historical Accepting Backup Offers 616-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-05-28historical Active Under Contract 622-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-05-12$102,000 Active 616-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-05-12$102,000 Active 622-char remark
Show marketing remark (622 chars)
Turnkey investment opportunity on Detroit’s west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2025-05-11historical $102,000 616-char remark
Show marketing remark (616 chars)
Turnkey investment opportunity on Detroit's west side! 19720 Asbury Park is a solid brick bungalow featuring new carpet and fresh paint throughout, offering immediate appeal and low upfront maintenance. This home includes 3 bedrooms, 1 full bath, and a full basement, making it a desirable layout for long-term tenants. The property is currently tenant-occupied and generating $950/month in rental income, making it a great addition to any portfolio. Conveniently located near major roads, schools, and amenities, this is a dependable income-producing asset in an established neighborhood. Do not disturb the tenant.
-
2024-08-21soldstatus $60,000
-
2024-03-14historical $950
-
2024-02-15$950
-
2024-02-14historical $950
-
2023-12-15$950
-
2023-12-15historical $950
-
2023-11-16$950
-
2020-02-12soldstatus $57,000
-
2019-10-01historical
-
2019-09-30historical
-
2019-08-01price $28,000
-
2019-08-01price $28,000
-
2019-07-02price $30,000
-
2019-07-02price $30,000
-
2019-06-07price $33,000
-
2019-06-07price $33,000
-
2019-05-23$35,000 Active
-
2019-05-23$35,000 Active
-
2014-03-19soldstatus $7,000
-
2014-03-19soldstatus $7,000
-
2014-02-28historical
-
2014-02-12$13,000
-
2014-02-12$13,000
-
2012-11-09soldstatus $10,000
-
2012-11-09soldstatus $10,000
-
2012-02-17historical
-
2012-02-17historical
-
2011-11-16$14,900
-
2011-11-16$14,900
-
2006-01-17soldstatus $62,000
-
2005-12-09historical
-
2005-12-07$64,900
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2005-08-29$64,900
-
2003-10-09soldstatus $79,000
-
2003-06-05$79,900
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1998-04-29soldstatus $47,000
-
1997-11-10$43,000
ⓘ 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
- $2,780 · $232/mo
- Projected year-2 tax
- $2,780 · $232/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 ≥98°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
- $16,363
- − Mortgage interest
- −$4,761
- − Property taxes
- −$2,780
- − Insurance
- −$425
- − Repairs & maintenance
- −$1,309
- − Management
- −$1,309
- − Depreciation
- −$2,473
- Taxable income
- $3,307
- Est. tax owed @ 24.0%
- −$794
- After-tax cash flow
- $3,580/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)
- 45,600
- Household income
- $39,265
- Rent vs Own
- Severe rent burden
- 3064.0
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% White 3% Two or more races 2% Hispanic / Latino 1%
- 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
- ▼ -153.02%
- Current HPI
- 263.6326
- Rent YoY
- ▲ 3.25%
- 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
+97.7% since first listed48 events — show timeline
- 2026-02-09 Price Changed $85,000 MiRealSource-MiMLS
- 2026-02-09 Price Changed $85,000 REALCOMP
- 2025-11-05 Price Changed $97,500 MiRealSource-MiMLS
- 2025-11-05 Price Changed $97,500 REALCOMP
- 2025-07-19 Relisted — MiRealSource-MiMLS
- 2025-07-19 Relisted — REALCOMP
- 2025-05-28 Contingent — MiRealSource-MiMLS
- 2025-05-28 Contingent — REALCOMP
- 2025-05-12 Listed $102,000 MiRealSource-MiMLS
- 2025-05-12 Listed $102,000 REALCOMP
- 2025-05-11 Coming Soon $102,000 MiRealSource-MiMLS
- 2024-08-21 Sold (Public Records) $60,000 Public Records
- 2024-03-14 Rental Removed $950 APPFOLIO
- 2024-02-15 Listed for Rent $950 APPFOLIO
- 2024-02-14 Rental Removed $950 REALSOURCE
- 2023-12-15 Listed for Rent $950 REALSOURCE
- 2023-12-15 Rental Removed $950 APPFOLIO
- 2023-11-16 Listed for Rent $950 APPFOLIO
- 2020-02-12 Sold (Public Records) $57,000 Public Records
- 2019-10-01 Listing Removed — REALCOMP
- 2019-09-30 Listing Removed — MiRealSource-MiMLS
- 2019-08-01 Price Changed $28,000 MiRealSource-MiMLS
- 2019-08-01 Price Changed $28,000 REALCOMP
- 2019-07-02 Price Changed $30,000 MiRealSource-MiMLS
- 2019-07-02 Price Changed $30,000 REALCOMP
- 2019-06-07 Price Changed $33,000 MiRealSource-MiMLS
- 2019-06-07 Price Changed $33,000 REALCOMP
- 2019-05-23 Listed $35,000 MiRealSource-MiMLS
- 2019-05-23 Listed $35,000 REALCOMP
- 2014-03-19 Sold (MLS) $7,000 REALCOMP
- 2014-03-19 Sold (MLS) $7,000 MiRealSource-MiMLS
- 2014-02-28 Listing Removed — MiRealSource-MiMLS
- 2014-02-12 Listed $13,000 REALCOMP
- 2014-02-12 Listed $13,000 MiRealSource-MiMLS
- 2012-11-09 Sold (MLS) $10,000 REALCOMP
- 2012-11-09 Sold (MLS) $10,000 MiRealSource-MiMLS
- 2012-02-17 Listing Removed — REALCOMP
- 2012-02-17 Listing Removed — MiRealSource-MiMLS
- 2011-11-16 Listed $14,900 REALCOMP
- 2011-11-16 Listed $14,900 MiRealSource-MiMLS
- 2006-01-17 Sold (MLS) $62,000 REALCOMP
- 2005-12-09 Listing Removed — REALCOMP
- 2005-12-07 Listed $64,900 REALCOMP
- 2005-08-29 Listed $64,900 REALCOMP
- 2003-10-09 Sold (MLS) $79,000 REALCOMP
- 2003-06-05 Listed $79,900 REALCOMP
- 1998-04-29 Sold (MLS) $47,000 REALCOMP
- 1997-11-10 Listed $43,000 REALCOMP
Property tax history
+6.5%/yrLatest (2025): $2,780 · +58.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…