13521 Wyoming 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 97°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 D 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 +15.0/30.0
- ARV discount +7.5/15.0
- 1% rule +5.0/10.0
- DSCR +5.0/10.0
- 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
$20,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
Key facts
- 3,920 sq ft lot
- Garage
- Built 1955
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/1.0-bath single-family listed at $20k.
Deal economics
- At list price, monthly cash flow is $873 ($10k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $20k).
- Recommended offer: $18k (12.0% below list) — sets the bar for market timing.
- Cap rate 58.6% 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; 32 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).
- At $1,339/mo this rent would consume 48% of the median local household income ($33k/yr) (locally 2172% 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 $138 of loan paydown is wiped out by about $600 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 $6k cash investment doubles in ~1 year — after that, you're playing with house money.
Negotiation context
- It's been on market 392 days — a 12% lower offer ($18k) is reasonable based on typical stale-listing flexibility.
- 14 sale attempts since 25y ago; this cycle's ask has dropped $33k (63%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 4.3% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 392 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1955 — 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 6.69% ✓
- Cap rate
- 58.65%
- Cash-on-cash
- 186.98%
- DSCR
- 9.32
- GRM
- 1.2
CMA / ARV
- ARV (on-the-fly)
- $68,035
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 13586 Indiana St | 0.14mi | 3/1.0 (-1) | 1,298 (+5%) | 2mo | $30,000 | $23 | 79 |
| 13581 Cloverlawn St | 0.37mi | 4/2.0 | 1,240 (+0%) | 4mo | $143,000 | $115 | 75 |
| 12754 Mendota St | 0.35mi | 3/1.0 (-1) | 1,224 (-1%) | 8mo | $28,500 | $23 | 71 |
| 13903 Cloverlawn Ave | 0.40mi | 3/1.5 (-1) | 1,265 (+2%) | 5mo | $140,000 | $111 | 67 |
| 13558 Pinehurst St | 0.30mi | 4/1.0 | 1,099 (-11%) | 2mo | $135,000 | $123 | 66 |
| 14203 Cherrylawn St | 0.45mi | 3/2.0 (-1) | 1,250 (+1%) | 5mo | $58,000 | $46 | 64 |
| 12629 Washburn St | 0.37mi | 3/1.0 (-1) | 1,392 (+12%) | 7mo | $75,000 | $54 | 51 |
| 12738 Manor | 0.49mi | 3/1.0 (-1) | 1,348 (+9%) | 8mo | $20,000 | $15 | 51 |
| 12162 Kentucky St | 0.55mi | 3/1.0 (-1) | 1,415 (+14%) | 4mo | $42,000 | $30 | 42 |
| 12351 Cherrylawn St | 0.53mi | 3/1.0 (-1) | 1,418 (+15%) | 8mo | $109,500 | $77 | 40 |
| 14265 Appoline St | 0.70mi | 3/2.0 (-1) | 1,384 (+12%) | 0mo | $76,000 | $55 | 38 |
| 11931 Wisconsin St | 0.65mi | 3/3.0 (-1) | 1,407 (+14%) | 5mo | $135,900 | $97 | 30 |
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
- IRR
- —
- Equity multiple
- 11.13×
- Total profit
- $56,746
- Equity at exit
- $2,982
- IRR
- —
- Equity multiple
- 26.05×
- Total profit
- $140,272
- Equity at exit
- $1,729
Cash invested: $5,600 (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 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 346
- Price-to-rent
- 1.2×
Monthly cashflow live
- Estimated rent
- $1,339 high interval (Pro) →
- Mortgage (P&I)
- −$105
- Tax from tax record
- −$72 /mo · $864/yr
- Insurance
- −$8
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$281
- Net cashflow
- $873
Break-even live
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
- $5,000
- Closing costs
- $600
- 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 32 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 13620 Kentucky St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 5d | 1 | 0.14mi |
| 13979 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 1296 | $1,334 | $1.03 | 20d | 1 | 0.35mi |
| 13965 Mendota St Detroit, MI | 3.0 | 1.0 | 1222 | $1,294 | $1.06 | 17d | 1 | 0.37mi |
| 14242 Ohio St Detroit, MI | 4.0 | 1.0 | 1400 | $1,000 | $0.71 | 43d | 1 | 0.49mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 1d | 1 | 0.50mi |
| 14011 Roselawn St Detroit, MI | 4.0 | 1.5 | 1300 | $1,450 | $1.12 | 17d | 1 | 0.50mi |
| 12144 Washburn St Detroit, MI | 3.0 | 1.0 | 1200 | $1,200 | $1.00 | 15d | 1 | 0.56mi |
| 12303 Cloverlawn St Detroit, MI | 3.0 | 1.5 | 1454 | $1,400 | $0.96 | 43d | 1 | 0.59mi |
| 13620 Tuller St Detroit, MI | 4.0 | 1.0 | 1064 | $1,374 | $1.29 | 12d | 1 | 0.67mi |
| Ohio St Unit 4 Detroit, MI | 4.0 | 1.5 | 1400 | $750 | $0.54 | 43d | 1 | 0.67mi |
| 14570 Cherrylawn St Detroit, MI | 3.0 | 1.0 | 840 | $1,250 | $1.49 | 12d | 1 | 0.76mi |
| 14550 Northlawn St Detroit, MI | 3.0 | 2.0 | 950 | $1,200 | $1.26 | 16d | 1 | 0.76mi |
| 14656 Roselawn St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 17d | 1 | 0.90mi |
| 14881 Mendota St Detroit, MI | 3.0 | 1.0 | 1026 | $1,100 | $1.07 | 24d | 1 | 0.95mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 43d | 1 | 1.10mi |
| 12032 Santa Rosa Dr Unit 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,423 | $1.58 | 5d | 1 | 1.13mi |
| 10002 Manor Unit 2 Detroit, MI | 3.0 | 1.0 | 1100 | $1,150 | $1.05 | 43d | 1 | 1.15mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 43d | 1 | 1.15mi |
| 14847 Cheyenne St Detroit, MI | 3.0 | 2.0 | 849 | $1,150 | $1.35 | 17d | 1 | 1.16mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 43d | 1 | 1.27mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 24d | 1 | 1.27mi |
| 14284 Cruse St Detroit, MI | 3.0 | 1.0 | 1121 | $1,150 | $1.03 | 16d | 1 | 1.29mi |
| 14891 Hartwell St Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 43d | 1 | 1.31mi |
| 15457 Cloverlawn St Detroit, MI | 3.0 | 2.0 | 1500 | $1,275 | $0.85 | 24d | 1 | 1.37mi |
| 3824 Tyler St Apt 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,523 | $1.69 | 16d | 1 | 1.38mi |
| 9558 Meyers Rd Detroit, MI | 3.0 | 1.0 | 950 | $1,150 | $1.21 | 43d | 1 | 1.39mi |
| 14903 Tracey St Detroit, MI | 3.0 | 1.0 | 1004 | $1,100 | $1.10 | 16d | 1 | 1.40mi |
| 15708 Birwood St Detroit, MI | 3.0 | 1.0 | 1255 | $1,100 | $0.88 | 5d | 1 | 1.41mi |
| 3783 Tyler St Unit Lower Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 43d | 1 | 1.42mi |
| 3740 Tyler St Unit 1 Detroit, MI | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 5d | 1 | 1.44mi |
| 14590 Ardmore St Detroit, MI | 3.0 | 1.0 | 1200 | $1,195 | $1.00 | 2d | 1 | 1.46mi |
| 13331 Strathmoor St Detroit, MI | 3.0 | 1.0 | 1084 | $1,100 | $1.01 | 16d | 1 | 1.47mi |
Listing history 47 events
-
2025-06-27status Pending
-
2025-06-11status Pending
-
2025-03-25historical
-
2024-12-17status Pending
-
2023-03-06status Pending 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-03-06status Pending
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-03-06historical
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-02-23price $20,000 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-02-23price $20,000
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-01-04price $28,000 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-01-03price $28,000
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-01-03status Active 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2023-01-03status Active
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-10-03status Pending 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-10-03status Pending
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-09-15status Active 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-09-15status Active
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-07-30status Pending 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-07-30status Pending
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-06-09price $25,168 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-06-08price $25,168
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-06-08status Active 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-06-08status Active
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-05-31status Pending 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-05-31status Pending
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-05-20status Active 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-05-20status Active
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-03-07status Pending 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-03-07status Pending
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-03-05price $19,900 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-03-04price $19,900
-
2022-02-22status Active
-
2022-02-22status Pending
-
2022-02-16price $39,700 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-02-15price $39,700
-
2022-01-11price $43,990 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2022-01-11price $43,990
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2021-07-01$53,400 Active
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2021-07-01$53,400 Active 202-char remark
Show marketing remark (202 chars)
This Diamond in the rough home has 4 bedrooms and 3 full bathrooms. Two of the Bathrooms are Ensuite. Access to freeways and public transportation and shopping nearby. Subject to probate court approval.
-
2005-12-16soldstatus $36,000 32-char remark
Show marketing remark (32 chars)
Handyman special or good rental.
-
2005-12-16soldstatus $36,000
Show marketing remark (32 chars)
Handyman special or good rental.
-
2005-11-08historical
-
2005-09-27$27,500 32-char remark
Show marketing remark (32 chars)
Handyman special or good rental.
-
2005-09-27$27,500
Show marketing remark (32 chars)
Handyman special or good rental.
-
2003-02-26soldstatus $67,900
-
2002-08-23soldstatus $67,900
-
2001-12-15$67,900
ⓘ 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
- $864 · $72/mo
- Projected year-2 tax
- $864 · $72/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 ≥97°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
- $16,068
- − Mortgage interest
- −$1,120
- − Property taxes
- −$864
- − Insurance
- −$100
- − Repairs & maintenance
- −$1,285
- − Management
- −$1,285
- − Depreciation
- −$582
- Taxable income
- $10,831
- Est. tax owed @ 24.0%
- −$2,599
- After-tax cash flow
- $7,871/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)
- 24,731
- Household income
- $33,315
- Rent vs 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 |
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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
-70.5% since first listed47 events — show timeline
- 2025-06-27 Pending — REALCOMP
- 2025-06-11 Pending — REALCOMP
- 2025-03-25 Listing Removed — REALCOMP
- 2024-12-17 Pending — REALCOMP
- 2023-03-06 Pending — MiRealSource-MiMLS
- 2023-03-06 Pending — REALCOMP
- 2023-03-06 Listing Removed — REALCOMP
- 2023-02-23 Price Changed $20,000 MiRealSource-MiMLS
- 2023-02-23 Price Changed $20,000 REALCOMP
- 2023-01-04 Price Changed $28,000 MiRealSource-MiMLS
- 2023-01-03 Price Changed $28,000 REALCOMP
- 2023-01-03 Relisted — MiRealSource-MiMLS
- 2023-01-03 Relisted — REALCOMP
- 2022-10-03 Pending — MiRealSource-MiMLS
- 2022-10-03 Pending — REALCOMP
- 2022-09-15 Relisted — MiRealSource-MiMLS
- 2022-09-15 Relisted — REALCOMP
- 2022-07-30 Pending — MiRealSource-MiMLS
- 2022-07-30 Pending — REALCOMP
- 2022-06-09 Price Changed $25,168 MiRealSource-MiMLS
- 2022-06-08 Price Changed $25,168 REALCOMP
- 2022-06-08 Relisted — MiRealSource-MiMLS
- 2022-06-08 Relisted — REALCOMP
- 2022-05-31 Pending — MiRealSource-MiMLS
- 2022-05-31 Pending — REALCOMP
- 2022-05-20 Relisted — MiRealSource-MiMLS
- 2022-05-20 Relisted — REALCOMP
- 2022-03-07 Pending — MiRealSource-MiMLS
- 2022-03-07 Pending — REALCOMP
- 2022-03-05 Price Changed $19,900 MiRealSource-MiMLS
- 2022-03-04 Price Changed $19,900 REALCOMP
- 2022-02-22 Relisted — REALCOMP
- 2022-02-22 Pending — REALCOMP
- 2022-02-16 Price Changed $39,700 MiRealSource-MiMLS
- 2022-02-15 Price Changed $39,700 REALCOMP
- 2022-01-11 Price Changed $43,990 MiRealSource-MiMLS
- 2022-01-11 Price Changed $43,990 REALCOMP
- 2021-07-01 Listed $53,400 MiRealSource-MiMLS
- 2021-07-01 Listed $53,400 REALCOMP
- 2005-12-16 Sold (MLS) $36,000 MiRealSource-MiMLS
- 2005-12-16 Sold (MLS) $36,000 REALCOMP
- 2005-11-08 Listing Removed — MiRealSource-MiMLS
- 2005-09-27 Listed $27,500 MiRealSource-MiMLS
- 2005-09-27 Listed $27,500 REALCOMP
- 2003-02-26 Sold (Public Records) $67,900 Public Records
- 2002-08-23 Sold (MLS) $67,900 REALCOMP
- 2001-12-15 Listed $67,900 REALCOMP
Property tax history
-3.2%/yrLatest (2025): $864 · -63.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…