19303 Fairport St · Detroit, MI 48205

$72,500

3 bd · 1.0 ba · 908 sqft · SingleFamily public records · 52 Days on market

Built 1943 4,792 sqft lot $80/sqft · 25% above area Est $58k · 25% over

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Why this score? — see what drove the C+ 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
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Solid brick home located in an attractive neighborhood, featuring 3 bedrooms, 1 bath, a full basement, and a 2-car garage. Property is currently tenant-occupied, generating $1,050/month in rental income, making it a great investment opportunity. BATVAI.

Key facts

• 4,792 sq ft lot
• 2 garage spots
• Built 1943

Property features AI

Exterior

• Parking: Detached garage; 2-car garage
• Utilities: Public water
• Home design: Single-family residence; Residential property
• Construction: Built in 1943; Brick construction
• Exterior features: Public water service; Lot of about 0.11 acres

Interior

• Bedrooms: Primary bedroom; Two additional bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Three total rooms; Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $70k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.0% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $501 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 $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 25y 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: property tax is 4.1% of price; built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,325 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1943 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.86% ✓
• Cap rate: 13.04%
• Cash-on-cash: 24.11%
• DSCR: 2.07
• GRM: 4.5

CMA / ARV

• ARV (median comp): $58,012
• List price: $72,500
• Delta: 24.98%
• 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
13452 Tacoma St	0.40mi	3/1.0	900 (-1%)	1mo	$69,072	$77	79
13424 Tacoma St	0.38mi	3/1.0	900 (-1%)	3mo	$72,000	$80	78
18982 Hamburg St	0.33mi	3/1.0	952 (+5%)	3mo	$45,000	$47	74
19161 Hamburg St	0.32mi	3/1.0	960 (+6%)	2mo	$116,000	$121	74
19730 Goulburn St	0.30mi	3/1.5	977 (+8%)	1mo	$114,000	$117	70
19633 Barlow St	0.35mi	3/1.5	962 (+6%)	3mo	$72,000	$75	69
20200 Alcoy St	0.65mi	3/1.0	917 (+1%)	2mo	$55,100	$60	66
19170 Schoenherr St	0.35mi	3/1.0	797 (-12%)	0mo	$25,500	$32	63
20218 Hickory St	0.68mi	3/1.0	930 (+2%)	1mo	$26,000	$28	63
20218 Goulburn St	0.64mi	3/1.0	965 (+6%)	1mo	$12,000	$12	58
20020 Pelkey St	0.59mi	3/1.0	1,020 (+12%)	2mo	$75,000	$74	50
14027 Tacoma St	0.70mi	2/1.5 (-1)	860 (-5%)	2mo	$34,000	$40	50

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: 15.2%
• Equity multiple: 1.60×
• Total profit: $12,118
• Equity at exit: $10,810

10-year hold

• IRR: 22.5%
• Equity multiple: 2.76×
• Total profit: $35,633
• Equity at exit: $6,268

Cash invested: $20,300 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,348 high
• Mortgage (P&I): −$380
• Tax from tax record: −$247 /mo · $2,964/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $408

Break-even live

Break-even rent $832

Max offer price $72,500

Occupancy floor 65%

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: $18,125
• Closing costs: $2,175
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	0.11mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	43d	1	0.14mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	0.18mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.34mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	21d	1	0.38mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.38mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.39mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	17d	1	0.43mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	17d	1	0.53mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	0.54mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	17d	1	0.61mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	43d	1	0.67mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	0.67mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	17d	1	0.69mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	0.69mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	17d	1	0.70mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	17d	1	0.70mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.81mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	3d	1	0.83mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	0.92mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	17d	1	0.92mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	43d	1	0.94mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	0.94mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	24d	1	1.04mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.07mi
21412 Waltham Rd Warren, MI	2.0	1.0	696	$1,225	$1.76	43d	1	1.20mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	24d	1	1.27mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	4d	1	1.31mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	43d	1	1.41mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	43d	1	1.43mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	17d	1	1.43mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	12d	1	1.46mi
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	43d	1	1.50mi

Listing history 50 events

1. 2026-06-18
   days on market $72,500 Active 52 DOM
2. 2026-06-17
   days on market $72,500 Active 51 DOM
3. 2026-06-15
   days on market $72,500 Active 49 DOM
4. 2026-06-13
   days on market $72,500 Active 47 DOM
5. 2026-06-13
   days on market $72,500 Active 46 DOM
6. 2026-06-09
   days on market $72,500 Active 43 DOM
7. 2026-06-08
   days on market $72,500 Active 42 DOM
8. 2026-06-07
   days on market $72,500 Active 41 DOM
9. 2026-06-04
   days on market $72,500 Active 38 DOM
10. 2026-06-03
    days on market $72,500 Active 37 DOM
11. 2026-06-02
    days on market $72,500 Active 36 DOM
12. 2026-06-01
    days on market $72,500 Active 35 DOM
13. 2026-05-31
    days on market $72,500 Active 34 DOM
14. 2026-04-27
    listed $74,900 Active 253-char remark

    Show marketing remark (253 chars)

    Solid brick home located in an attractive neighborhood, featuring 3 bedrooms, 1 bath, a full basement, and a 2-car garage. Property is currently tenant-occupied, generating $1,050/month in rental income, making it a great investment opportunity. BATVAI.

15. 2026-04-27
    listed $74,900 Active 253-char remark

    Show marketing remark (253 chars)

    Solid brick home located in an attractive neighborhood, featuring 3 bedrooms, 1 bath, a full basement, and a 2-car garage. Property is currently tenant-occupied, generating $1,050/month in rental income, making it a great investment opportunity. BATVAI.

16. 2026-04-27
    listed $74,900 Active

    Show marketing remark (253 chars)

    Solid brick home located in an attractive neighborhood, featuring 3 bedrooms, 1 bath, a full basement, and a 2-car garage. Property is currently tenant-occupied, generating $1,050/month in rental income, making it a great investment opportunity. BATVAI.

17. 2026-03-24
    historical $1,050
18. 2026-03-09
    price $1,050
19. 2026-03-02
    listed $1,100
20. 2025-10-14
    historical
21. 2025-10-13
    historical
22. 2025-07-06
    listed $75,000 Active
23. 2025-07-06
    listed $75,000 Active
24. 2025-06-09
    historical
25. 2025-06-09
    historical
26. 2025-04-15
    listed $88,000 Active
27. 2025-04-15
    listed $88,000 Active
28. 2022-05-26
    soldstatus $77,000
29. 2018-11-07
    soldstatus $46,500
30. 2018-08-06
    soldstatus $12,000 Sold
31. 2018-08-06
    soldstatus $12,000 Closed
32. 2018-06-13
    status Pending
33. 2018-06-13
    status Pending
34. 2018-04-03
    price $16,000
35. 2018-04-02
    price $16,000
36. 2017-11-22
    listed $18,000 Active
37. 2017-11-22
    listed $18,000 Active
38. 2010-07-26
    soldstatus $5,000
39. 2010-07-26
    soldstatus $5,000
40. 2010-07-12
    historical
41. 2010-06-03
    listed $5,000
42. 2010-06-02
    listed $5,000
43. 2006-12-04
    historical
44. 2006-11-02
    listed $82,000
45. 2006-07-25
    soldstatus $12,500
46. 2006-06-08
    listed $14,500
47. 2001-08-17
    soldstatus $42,000
48. 2001-06-22
    listed $41,000
49. 1999-06-25
    soldstatus $57,100
50. 1996-07-16
    soldstatus $27,200

ⓘ 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: $2,964 · $247/mo
• Projected year-2 tax: $2,964 · $247/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 · 15 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: $16,182
• − Mortgage interest: −$4,061
• − Property taxes: −$2,964
• − Insurance: −$362
• − Repairs & maintenance: −$1,295
• − Management: −$1,295
• − Depreciation: −$2,109
• Taxable income: $4,096
• Est. tax owed @ 24.0%: −$983
• After-tax cash flow: $3,912/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
▸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

+166.5% since first listed

41 events — show timeline

• 2026-05-30 Price Changed $72,500 MiRealSource-MiMLS
• 2026-05-29 Price Changed $72,500 REALCOMP
• 2026-05-29 Price Changed $72,500 SW Michigan MLS
• 2026-04-27 Listed $74,900 SW Michigan MLS
• 2026-04-27 Listed $74,900 REALCOMP
• 2026-04-27 Listed $74,900 MiRealSource-MiMLS
• 2026-03-24 Rental Removed $1,050 TENANTCLOUD
• 2026-03-09 Price Changed $1,050 TENANTCLOUD
• 2026-03-02 Listed for Rent $1,100 TENANTCLOUD
• 2025-10-14 Listing Removed — MiRealSource-MiMLS
• 2025-10-13 Listing Removed — REALCOMP
• 2025-07-06 Listed $75,000 REALCOMP
• 2025-07-06 Listed $75,000 MiRealSource-MiMLS
• 2025-06-09 Listing Removed — MiRealSource-MiMLS
• 2025-06-09 Listing Removed — REALCOMP
• 2025-04-15 Listed $88,000 REALCOMP
• 2025-04-15 Listed $88,000 MiRealSource-MiMLS
• 2022-05-26 Sold (Public Records) $77,000 Public Records
• 2018-11-07 Sold (Public Records) $46,500 Public Records
• 2018-08-06 Sold (MLS) $12,000 MiRealSource-MiMLS
• 2018-08-06 Sold (MLS) $12,000 REALCOMP
• 2018-06-13 Pending — MiRealSource-MiMLS
• 2018-06-13 Pending — REALCOMP
• 2018-04-03 Price Changed $16,000 MiRealSource-MiMLS
• 2018-04-02 Price Changed $16,000 REALCOMP
• 2017-11-22 Listed $18,000 MiRealSource-MiMLS
• 2017-11-22 Listed $18,000 REALCOMP
• 2010-07-26 Sold (MLS) $5,000 MiRealSource-MiMLS
• 2010-07-26 Sold (MLS) $5,000 REALCOMP
• 2010-07-12 Listing Removed — MiRealSource-MiMLS
• 2010-06-03 Listed $5,000 REALCOMP
• 2010-06-02 Listed $5,000 MiRealSource-MiMLS
• 2006-12-04 Listing Removed — REALCOMP
• 2006-11-02 Listed $82,000 REALCOMP
• 2006-07-25 Sold (MLS) $12,500 REALCOMP
• 2006-06-08 Listed $14,500 REALCOMP
• 2001-08-17 Sold (MLS) $42,000 REALCOMP
• 2001-06-22 Listed $41,000 REALCOMP
• 1999-06-25 Sold (Public Records) $57,100 Public Records
• 1996-07-16 Sold (Public Records) $28,200 Public Records
• 1996-07-16 Sold (Public Records) $27,200 Public Records

Property tax history

+10.0%/yr

Latest (2025): $2,964 · +37.5% YoY. Source: county tax records.