14752 Petoskey Ave · Detroit, MI 48238

$54,000

3 bd · 1.0 ba · 1,029 sqft · SingleFamily public records · 1 Days on market

Built 1947 4,356 sqft lot

---

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
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special located at 14752 Petoskey, a solid brick bungalow offering 3 bedrooms and 1.5 bathrooms in Detroit's Dexter-Fenkell neighborhood. Built in 1947 with approximately 1,000+ square feet, this property presents a strong value-add opportunity for investors looking to renovate and capitalize on rental or resale potential . Situated in a federally designated Opportunity Zone, this is an ideal play for long-term appreciation and tax advantages. Convenient location near major roads, shopping, and access to key Detroit corridors. Perfect for fix-and-flip or buy-and-hold investors looking for upside at an attractive entry point. BATVAI.

Key facts

• Brick bungalow
• Opportunity zone
• Convenient location

Tags

• BRICK BUNGALOW
• DEXTER-FENKELL NEIGHBORHOOD
• OPPORTUNITY ZONE
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $54k.

Deal economics

• At list price, monthly cash flow is $535 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $54k).
• Cap rate 18.2% 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 fast (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 44% of the median local income ($33k/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 $373 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 + 6.1% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 2.7% of price; built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $54,000

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.26% ✓
• Cap rate: 18.19%
• Cash-on-cash: 42.48%
• DSCR: 2.89
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $31,899
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14752 Petoskey Ave	0.00mi	3/1.5	1,029 (0%)	0mo	$40,000	$39	98
14629 Monica St	0.26mi	3/1.0	1,128 (+10%)	4mo	$19,000	$17	68
15021 Petoskey Ave	0.19mi	3/1.0	1,177 (+14%)	1mo	$28,000	$24	66
15455 Wildemere St	0.59mi	3/1.0	1,095 (+6%)	2mo	$18,500	$17	60
15488 Wildemere St	0.63mi	3/1.0	949 (-8%)	1mo	$49,900	$53	57
15853 Santa Rosa Dr	0.73mi	4/1.0 (+1)	1,050 (+2%)	2mo	$140,000	$133	56
7447 Ellsworth St	0.46mi	3/1.0	1,160 (+13%)	5mo	$35,500	$31	53
15494 Muirland St	0.60mi	2/1.0 (-1)	1,090 (+6%)	9mo	$39,000	$36	50
15798 Muirland St	0.72mi	2/1.0 (-1)	943 (-8%)	1mo	$29,000	$31	46
15863 Belden St	0.74mi	3/1.0	1,156 (+12%)	1mo	$18,600	$16	44
6362 Globe St	0.62mi	2/1.0 (-1)	888 (-14%)	0mo	$15,000	$17	43
14677 Cloverlawn Ave	0.71mi	3/1.5	900 (-12%)	1mo	$20,000	$22	43

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 · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 43.0%
• Equity multiple: 2.94×
• Total profit: $29,364
• Equity at exit: $8,052

10-year hold

• IRR: 50.6%
• Equity multiple: 6.76×
• Total profit: $87,064
• Equity at exit: $4,669

Cash invested: $15,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 346
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,219 high
• Mortgage (P&I): −$283
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $535

Break-even live

Break-even rent $541

Max offer price $54,000

Occupancy floor 51%

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: $13,500
• Closing costs: $1,620
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2034 Ewald Cir Detroit, MI	2.0	1.0	1000	$995	$0.99	5d	1	0.45mi
15345 Parkside St Detroit, MI	3.0	1.0	1152	$1,300	$1.13	43d	1	0.54mi
2690 Ewald Cir Detroit, MI	1.0–2.0	1.0	750	$900	$1.20	24d	4	0.54mi
3812 W Grand St Detroit, MI	2.0	1.0	1100	$1,025	$0.93	16d	1	0.56mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.61mi
4287 W Grand St Unit 4289 Detroit, MI	3.0	1.0	1250	$1,000	$0.80	43d	1	0.63mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	24d	1	0.65mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	43d	1	0.65mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	3d	1	0.68mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	16d	1	0.73mi
14570 Cherrylawn St Detroit, MI	3.0	1.0	840	$1,250	$1.49	12d	1	0.78mi
13620 Tuller St Detroit, MI	4.0	1.0	1064	$1,374	$1.29	12d	1	0.78mi
3824 Tyler St Apt 1 Detroit, MI	3.0	1.0	900	$1,523	$1.69	16d	1	0.79mi
2926 Ewald Cir Detroit, MI	2.0	1.0	800	$900	$1.12	17d	1	0.79mi
3740 Tyler St Unit 1 Detroit, MI	3.0	1.0	1300	$1,300	$1.00	5d	1	0.79mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	43d	1	0.81mi
3783 Tyler St Unit Lower Detroit, MI	3.0	1.0	1000	$1,150	$1.15	43d	1	0.81mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	17d	1	0.82mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	1d	1	0.82mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	43d	1	0.83mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	43d	1	0.85mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	24d	1	0.86mi
4336 Buena Vista St Detroit, MI	3.0	1.0	1300	$1,100	$0.85	43d	1	0.89mi
15906 Alden St Detroit, MI	3.0	1.0	1030	$1,150	$1.12	16d	1	0.90mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	43d	1	0.90mi
2433 Pasadena St Unit 2435 Detroit, MI	2.0	1.0	700	$1,025	$1.46	43d	1	0.92mi
13979 Cherrylawn St Detroit, MI	3.0	1.0	1296	$1,334	$1.03	20d	1	0.97mi
13639 La Salle Blvd Detroit, MI	2.0	1.0	800	$695	$0.87	10d	1	0.97mi
16174 Princeton St Unit 2 Detroit, MI	2.0	1.0	985	$1,100	$1.12	43d	1	1.06mi
16174 Princeton St Detroit, MI	2.0	1.0	985	$1,100	$1.12	19d	1	1.06mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	17d	1	1.06mi
16582 Santa Rosa Dr Detroit, MI	3.0	1.0	1314	$1,399	$1.06	17d	1	1.09mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	21d	1	1.10mi
12663 Stoepel St Unit 1 Detroit, MI	2.0	1.0	750	$975	$1.30	17d	1	1.10mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	5d	1	1.12mi
4268 Cortland St Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	43d	1	1.18mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	5d	1	1.19mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	43d	1	1.20mi
2676 Sturtevant St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	24d	1	1.22mi
1926 Clements St Unit 1926 Detroit, MI	3.0	1.0	1150	$1,250	$1.09	20d	1	1.25mi

Listing history 4 events

1. 2026-04-22
   status Pending 649-char remark

   Show marketing remark (649 chars)

   Investor special located at 14752 Petoskey, a solid brick bungalow offering 3 bedrooms and 1.5 bathrooms in Detroit's Dexter-Fenkell neighborhood. Built in 1947 with approximately 1,000+ square feet, this property presents a strong value-add opportunity for investors looking to renovate and capitalize on rental or resale potential . Situated in a federally designated Opportunity Zone, this is an ideal play for long-term appreciation and tax advantages. Convenient location near major roads, shopping, and access to key Detroit corridors. Perfect for fix-and-flip or buy-and-hold investors looking for upside at an attractive entry point. BATVAI.

2. 2026-04-22
   status Pending

   Show marketing remark (649 chars)

   Investor special located at 14752 Petoskey, a solid brick bungalow offering 3 bedrooms and 1.5 bathrooms in Detroit's Dexter-Fenkell neighborhood. Built in 1947 with approximately 1,000+ square feet, this property presents a strong value-add opportunity for investors looking to renovate and capitalize on rental or resale potential . Situated in a federally designated Opportunity Zone, this is an ideal play for long-term appreciation and tax advantages. Convenient location near major roads, shopping, and access to key Detroit corridors. Perfect for fix-and-flip or buy-and-hold investors looking for upside at an attractive entry point. BATVAI.

3. 2026-04-21
   listed $54,000 Active 649-char remark

   Show marketing remark (649 chars)

   Investor special located at 14752 Petoskey, a solid brick bungalow offering 3 bedrooms and 1.5 bathrooms in Detroit's Dexter-Fenkell neighborhood. Built in 1947 with approximately 1,000+ square feet, this property presents a strong value-add opportunity for investors looking to renovate and capitalize on rental or resale potential . Situated in a federally designated Opportunity Zone, this is an ideal play for long-term appreciation and tax advantages. Convenient location near major roads, shopping, and access to key Detroit corridors. Perfect for fix-and-flip or buy-and-hold investors looking for upside at an attractive entry point. BATVAI.

4. 2026-04-21
   listed $54,000 Active

   Show marketing remark (649 chars)

   Investor special located at 14752 Petoskey, a solid brick bungalow offering 3 bedrooms and 1.5 bathrooms in Detroit's Dexter-Fenkell neighborhood. Built in 1947 with approximately 1,000+ square feet, this property presents a strong value-add opportunity for investors looking to renovate and capitalize on rental or resale potential . Situated in a federally designated Opportunity Zone, this is an ideal play for long-term appreciation and tax advantages. Convenient location near major roads, shopping, and access to key Detroit corridors. Perfect for fix-and-flip or buy-and-hold investors looking for upside at an attractive entry point. BATVAI.

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,464 · $122/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,627
• − Mortgage interest: −$3,025
• − Property taxes: −$1,464
• − Insurance: −$270
• − Repairs & maintenance: −$1,170
• − Management: −$1,170
• − Depreciation: −$1,571
• Taxable income: $5,957
• Est. tax owed @ 24.0%: −$1,430
• After-tax cash flow: $4,993/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

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% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

+0.0% since first listed

4 events — show timeline

• 2026-04-22 Pending — MiRealSource-MiMLS
• 2026-04-22 Pending — REALCOMP
• 2026-04-21 Listed $54,000 REALCOMP
• 2026-04-21 Listed $54,000 MiRealSource-MiMLS

Property tax history

+11.5%/yr

Latest (2025): $1,464 · -54.1% YoY. Source: county tax records.