12200 Auburn 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 99°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Rent growth +1.9/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$59,999
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home's rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you're seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
Key facts
- 6,098 sq ft lot
- Garage
- Built 1946
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $60k.
Deal economics
- At list price, monthly cash flow is $539 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $60k).
- Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
- Cap rate 17.1% 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 soft (-2.3%/yr); 363 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- At $1,215/mo this rent would consume 48% of the median local household income ($31k/yr) (locally 4144% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $415 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 + 0.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 188 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
- 15 sale attempts since 22y ago; this cycle's ask has dropped $15k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 188 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 2.02% ✓
- Cap rate
- 17.06%
- Cash-on-cash
- 38.47%
- DSCR
- 2.71
- GRM
- 4.1
CMA / ARV
- ARV (median comp)
- $74,137
- List price
- $59,999
- Delta
- -19.07%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 12219 Stout St | 0.34mi | 3/1.0 | 846 (-1%) | 1mo | $25,000 | $30 | 82 |
| 11329 Minock St | 0.45mi | 3/1.0 | 816 (-4%) | 4mo | $50,000 | $61 | 69 |
| 11720 Minock St | 0.20mi | 3/1.5 | 771 (-10%) | 5mo | $95,000 | $123 | 68 |
| 11689 Minock St | 0.22mi | 3/1.0 | 950 (+12%) | 6mo | $82,000 | $86 | 65 |
| 13500 Heyden St | 0.57mi | 2/1.0 (-1) | 850 (-0%) | 4mo | $20,000 | $24 | 65 |
| 11700 Auburn St | 0.21mi | 3/1.5 | 964 (+13%) | 3mo | $55,000 | $57 | 64 |
| 12087 Heyden St | 0.29mi | 3/1.0 | 956 (+12%) | 5mo | $46,000 | $48 | 62 |
| 9634 Evergreen Ave | 0.69mi | 3/1.0 | 912 (+7%) | 3mo | $23,000 | $25 | 54 |
| 11792 Burt Rd | 0.64mi | 2/1.0 (-1) | 810 (-5%) | 4mo | $27,000 | $33 | 54 |
| 12900 Stahelin Ave | 0.63mi | 3/1.0 | 924 (+8%) | 6mo | $50,000 | $54 | 52 |
| 12950 Glastonbury Ave | 0.70mi | 3/1.0 | 958 (+12%) | 4mo | $40,000 | $42 | 43 |
| 11419 Braile St | 0.66mi | 2/1.0 (-1) | 969 (+14%) | 2mo | $45,000 | $46 | 40 |
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 · 0.0% rent growth · sell at horizon
- IRR
- 31.1%
- Equity multiple
- 2.25×
- Total profit
- $21,042
- Equity at exit
- $8,946
- IRR
- 36.6%
- Equity multiple
- 3.91×
- Total profit
- $48,826
- Equity at exit
- $5,188
Cash invested: $16,800 (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 48228
- Rents YoY
- -2.3%
- Active inventory
- 363
- Price-to-rent
- 4.1×
Monthly cashflow live
- Estimated rent
- $1,215 high interval (Pro) →
- Mortgage (P&I)
- −$315
- Tax from tax record
- −$81 /mo · $976/yr
- Insurance
- −$25
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$255
- Net cashflow
- $539
Break-even live
Sensitivity live
| Price | -10% $573 | -5% $556 | +0% $539 | +5% $522 | +10% $505 |
|---|---|---|---|---|---|
| Rent | -10% $443 | -5% $491 | +0% $539 | +5% $587 | +10% $635 |
| Rate | -1.0pp $569 | -0.5pp $554 | base $539 | +0.5pp $523 | +1.0pp $507 |
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
- $15,000
- Closing costs
- $1,800
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 12084 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 0.21mi |
| 11652 Fielding St Detroit, MI | 3.0 | 1.0 | 1000 | $1,386 | $1.39 | 44d | 1 | 0.46mi |
| 13500 Heyden St Detroit, MI | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 44d | 1 | 0.54mi |
| 19050 W Davison St Detroit, MI | 3.0 | 1.0 | 1118 | $1,400 | $1.25 | 44d | 1 | 0.59mi |
| 11704 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1046 | $1,300 | $1.24 | 24d | 1 | 0.62mi |
| 13514 Stahelin Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 0.67mi |
| 12950 Glastonbury Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 24d | 1 | 0.69mi |
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 17d | 1 | 0.70mi |
| 12875 Faust Ave Detroit, MI | 2.0 | 1.0 | 735 | $1,200 | $1.63 | 5d | 1 | 0.72mi |
| 12941 Penrod St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.81mi |
| 13591 Faust Ave Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 0.83mi |
| 19449 W Chicago St Detroit, MI | 3.0 | 1.5 | 950 | $1,500 | $1.58 | 44d | 1 | 0.86mi |
| 12944 Rosemont Ave Detroit, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 5d | 1 | 0.89mi |
| 12867 Westbrook St Detroit, MI | 2.0 | 1.0 | 736 | $1,050 | $1.43 | 44d | 1 | 0.91mi |
| 20522 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 0.93mi |
| 20550 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.93mi |
| 20529 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.95mi |
| 9401 Fielding St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.95mi |
| 20541 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.95mi |
| 20545 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.96mi |
| 20547 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.96mi |
| 9410 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.96mi |
| 14258 Plainview Ave Detroit, MI | 3.0 | 1.0 | 918 | $1,200 | $1.31 | 44d | 1 | 0.97mi |
| 9404 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 0.97mi |
| 20619 W Chicago Detroit, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 44d | 1 | 0.97mi |
| 14347 Westwood St Detroit, MI | 2.0 | 1.0 | 706 | $1,200 | $1.70 | 24d | 1 | 1.03mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 2d | 15 | 1.05mi |
| 13600 Southfield Fwy Detroit, MI | 2.0 | 1.0 | 848 | $1,100 | $1.30 | 5d | 1 | 1.06mi |
| 20921 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 1.09mi |
| 20935 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 44d | 1 | 1.09mi |
| 20937 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 1.09mi |
| 20945 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 1.09mi |
| 9416 Trinity St Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 44d | 1 | 1.10mi |
| 19431 Lyndon St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 44d | 1 | 1.13mi |
| 12880 Dolson St Detroit, MI | 1.0–2.0 | 1.0 | 750 | $1,200 | $1.60 | 44d | 6 | 1.15mi |
| 9090 Stahelin Ave Detroit, MI | 2.0 | 1.0 | 787 | $1,250 | $1.59 | 44d | 1 | 1.21mi |
| 14541 Kentfield St Detroit, MI | 3.0 | 1.0 | 797 | $1,300 | $1.63 | 17d | 1 | 1.22mi |
| 12711 Grandmont Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 18d | 1 | 1.25mi |
| 14177 Bentler St Detroit, MI | 4.0 | 1.0 | 1000 | $1,475 | $1.48 | 44d | 1 | 1.26mi |
| 12850 Dolphin St Detroit, MI | 1.0–2.0 | 1.0 | 746 | $999 | $1.34 | 5d | 4 | 1.29mi |
Listing history 49 events
-
2026-06-18days on market $59,999 Active 188 DOM
-
2026-06-17days on market $59,999 Active 187 DOM
-
2026-06-15days on market $59,999 Active 185 DOM
-
2026-06-13days on market $59,999 Active 183 DOM
-
2026-06-13days on market $59,999 Active 182 DOM
-
2026-06-09days on market $59,999 Active 179 DOM
-
2026-06-08days on market $59,999 Active 178 DOM
-
2026-06-07pricedays on market $59,999 Active 177 DOM
-
2026-06-04days on market $65,000 Active 174 DOM
-
2026-06-03days on market $65,000 Active 173 DOM
-
2026-06-01days on market $65,000 Active 171 DOM
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2026-05-31days on market $65,000 Active 170 DOM
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2026-05-08status Active 807-char remark
Show marketing remark (819 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home’s rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you’re seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2026-05-08status Active 819-char remark
Show marketing remark (819 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home’s rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you’re seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2026-04-28historical 807-char remark
Show marketing remark (807 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home's rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you're seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2026-02-14price $65,000 807-char remark
Show marketing remark (807 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home's rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you're seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2026-02-14price $72,500 807-char remark
Show marketing remark (807 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home's rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you're seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2026-02-13price $65,000 819-char remark
Show marketing remark (819 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home’s rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you’re seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2026-02-13price $72,500 819-char remark
Show marketing remark (819 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home’s rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you’re seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2025-11-29$75,000 Active 807-char remark
Show marketing remark (819 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home’s rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you’re seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
-
2025-11-29$75,000 Active 819-char remark
Show marketing remark (819 chars)
Discover the potential in this charming 3-bedroom bungalow with an attached garage, perfectly suited for investors or homeowners looking to customize a home to their vision. Solid bones and a functional layout provide the ideal canvas for modern updates, while the spacious bedrooms and inviting living areas offer endless possibilities for comfort and style. With renovation, the home’s rental potential can reach up to $1,300 per month, making it an attractive opportunity to build equity and long-term income. Whether you’re seeking your next investment or a place to make your own, this property delivers value, versatility, and room to grow. Property is under surveillance, please do not approach. Home is being sold AS-IS. Can be packaged with 9940 Vaughan Street - information available upon request.
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2020-10-23soldstatus $65,000
-
2019-07-16historical
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2019-07-16historical
-
2019-05-16$40,000 Active
-
2019-05-16$40,000 Active
-
2016-04-20soldstatus $12,500 Sold
-
2016-04-20soldstatus $12,500 Closed
-
2016-04-01status Pending
-
2016-04-01historical
-
2016-03-01$14,000 Active
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2016-03-01$14,000
-
2016-02-29historical
-
2016-02-29historical
-
2015-10-22$16,000 Active
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2015-10-19$16,000
-
2013-03-26soldstatus $6,699
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2013-03-26soldstatus $6,699
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2013-03-02historical
-
2013-03-02historical
-
2012-12-04$6,999
-
2012-12-04$6,999
-
2005-02-15historical
-
2004-08-22$70,000
-
2004-08-17historical
-
2004-06-13$75,000
-
2004-06-12historical
-
2004-02-28$85,000
-
1994-06-27soldstatus $15,000
ⓘ 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
- $976 · $81/mo
- Projected year-2 tax
- $976 · $81/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 ≥99°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $14,576
- − Mortgage interest
- −$3,361
- − Property taxes
- −$976
- − Insurance
- −$300
- − Repairs & maintenance
- −$1,166
- − Management
- −$1,166
- − Depreciation
- −$1,745
- Taxable income
- $5,861
- Est. tax owed @ 24.0%
- −$1,407
- After-tax cash flow
- $5,056/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)
- 50,117
- Household income
- $30,680
- Rent vs Own
- Severe rent burden
- 4144.0
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 (71%)
- Race & ethnicity
- Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 2%
- Common ancestry
- Arab 2% Romanian 2% Lithuanian 1%
- Foreign-born
- 11% · Canada
- Languages at home
- 82% English-only · Arabic 11% Spanish 5%
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
- ▼ -160.81%
- Current HPI
- 168.6843
- Rent YoY
- ▼ -2.30%
- 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
+333.3% since first listed37 events — show timeline
- 2026-05-08 Relisted — MiRealSource-MiMLS
- 2026-05-08 Relisted — REALCOMP
- 2026-04-28 Listing Removed — MiRealSource-MiMLS
- 2026-02-14 Price Changed $65,000 MiRealSource-MiMLS
- 2026-02-14 Price Changed $72,500 MiRealSource-MiMLS
- 2026-02-13 Price Changed $65,000 REALCOMP
- 2026-02-13 Price Changed $72,500 REALCOMP
- 2025-11-29 Listed $75,000 REALCOMP
- 2025-11-29 Listed $75,000 MiRealSource-MiMLS
- 2020-10-23 Sold (Public Records) $65,000 Public Records
- 2019-07-16 Listing Removed — MiRealSource-MiMLS
- 2019-07-16 Listing Removed — REALCOMP
- 2019-05-16 Listed $40,000 MiRealSource-MiMLS
- 2019-05-16 Listed $40,000 REALCOMP
- 2016-04-20 Sold (MLS) $12,500 MiRealSource-MiMLS
- 2016-04-20 Sold (MLS) $12,500 REALCOMP
- 2016-04-01 Pending — REALCOMP
- 2016-04-01 Listing Removed — MiRealSource-MiMLS
- 2016-03-01 Listed $14,000 REALCOMP
- 2016-03-01 Listed $14,000 MiRealSource-MiMLS
- 2016-02-29 Listing Removed — REALCOMP
- 2016-02-29 Listing Removed — MiRealSource-MiMLS
- 2015-10-22 Listed $16,000 REALCOMP
- 2015-10-19 Listed $16,000 MiRealSource-MiMLS
- 2013-03-26 Sold (MLS) $6,699 MiRealSource-MiMLS
- 2013-03-26 Sold (MLS) $6,699 REALCOMP
- 2013-03-02 Listing Removed — MiRealSource-MiMLS
- 2013-03-02 Listing Removed — REALCOMP
- 2012-12-04 Listed $6,999 MiRealSource-MiMLS
- 2012-12-04 Listed $6,999 REALCOMP
- 2005-02-15 Listing Removed — REALCOMP
- 2004-08-22 Listed $70,000 REALCOMP
- 2004-08-17 Listing Removed — REALCOMP
- 2004-06-13 Listed $75,000 REALCOMP
- 2004-06-12 Listing Removed — REALCOMP
- 2004-02-28 Listed $85,000 REALCOMP
- 1994-06-27 Sold (Public Records) $15,000 Public Records
Property tax history
+0.4%/yrLatest (2025): $976 · -8.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…