17303 Prevost St · Detroit, MI 48235

$70,000

4 bd · 2.5 ba · 1,062 sqft · SingleFamily public records · 7 Days on market

Built 1939 6,098 sqft lot Est $75k · 7% under ↓ 36% since listing

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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 +10.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Listing remarks MLS

* * AUCTION PROPERTY * * Don't miss this rare opportunity to own a beautifully maintained, 4-bedroom, 1.5-bath bungalow in one of Northwest Detroit's most sought-after neighborhoods! Offering more space than the typical area home, this gem features a gorgeous natural fireplace with stone accents, a cozy all-season room, and stunningly refinished original hardwood floors throughout. Enjoy the massive curb appeal of a premium corner lot, complete with a detached 2-car garage featuring convenient street-side access. Situated just steps from the prestigious Renaissance High School, this thriving community is attracting buyers from all across Metro Detroit. Cash only. Sold as is. Buyer and agent to verify all information. This property has been placed in an upcoming event. This property has been placed in an upcoming event. All bids should be submitted at XOME (dot) COM. void where prohibited. Please submit any pre-auction offer received through the property details page on XOME (dot) COM. Any post- auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 3.5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply.

Key facts

• Premium corner lot
• Natural fireplace
• All-season room

Tags

• NATURAL FIREPLACE
• ALL-SEASON ROOM
• PREMIUM CORNER LOT
• DETACHED 2-CAR GARAGE

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-and-a-half story; Ground-level entry
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Paved road access; Lot approximately 0.14 acres (45.9 x 147.3)

Interior

• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Five total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $761 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Cap rate 19.3% vs local median 10.0% 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 (+3.2%/yr); 291 active listings in the ZIP; 39 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 $1,712/mo this rent would consume 52% of the median local household income ($39k/yr) (locally 3064% 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 $484 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 + 3.2% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 sale attempts since 4y 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 3.3% of price; built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1939 — 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: 2.45% ✓
• Cap rate: 19.34%
• Cash-on-cash: 46.61%
• DSCR: 3.07
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $75,402
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17355 Saint Marys St	0.18mi	3/1.0 (-1)	1,000 (-6%)	5mo	$55,000	$55	67
17540 Asbury Park St	0.30mi	3/1.0 (-1)	1,100 (+4%)	4mo	$57,500	$52	66
16853 Mansfield St	0.23mi	3/2.0 (-1)	950 (-10%)	4mo	$205,000	$216	62
18239 Saint Marys St	0.44mi	3/1.0 (-1)	1,136 (+7%)	1mo	$124,900	$110	56
17552 Ferguson St	0.35mi	3/1.0 (-1)	957 (-10%)	5mo	$43,000	$45	52
16773 Ferguson St	0.43mi	3/1.0 (-1)	1,156 (+9%)	6mo	$62,000	$54	49
16727 Mansfield St	0.36mi	3/1.5 (-1)	1,207 (+14%)	3mo	$165,000	$137	49
18460 Winthrop St	0.57mi	3/1.0 (-1)	1,002 (-6%)	7mo	$65,000	$65	47
16818 Gilchrist St	0.47mi	3/1.0 (-1)	1,190 (+12%)	3mo	$83,000	$70	44
16199 Ferguson St	0.63mi	3/1.0 (-1)	1,192 (+12%)	4mo	$85,000	$71	36
16709 Lindsay St	0.62mi	3/1.0 (-1)	1,218 (+15%)	2mo	$124,888	$103	34
18435 Robson St	0.75mi	3/1.0 (-1)	925 (-13%)	0mo	$86,000	$93	32

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

5-year hold

• IRR: 44.3%
• Equity multiple: 2.92×
• Total profit: $37,670
• Equity at exit: $10,437

10-year hold

• IRR: 50.4%
• Equity multiple: 5.97×
• Total profit: $97,395
• Equity at exit: $6,052

Cash invested: $19,600 (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

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

Methodology + full state rankings →

ZIP-level market 48235

• Rents YoY: 3.2%
• Active inventory: 291
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,712 high
• Mortgage (P&I): −$367
• Tax from tax record: −$195 /mo · $2,338/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $761

Break-even live

Break-even rent $748

Max offer price $70,000

Occupancy floor 51%

Sensitivity live

Price	-10% $801	-5% $781	+0% $761	+5% $742	+10% $722
Rent	-10% $626	-5% $694	+0% $761	+5% $829	+10% $897
Rate	-1.0pp $797	-0.5pp $779	base $761	+0.5pp $743	+1.0pp $725

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	3d	1	0.08mi
16837 Winthrop St Detroit, MI	5.0	2.0	1500	$2,000	$1.33	21d	1	0.27mi
17573 Asbury Park Detroit, MI	3.0	2.0	990	$1,400	$1.41	0d	1	0.33mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	5d	1	0.49mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	25d	1	0.55mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	45d	1	0.61mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	5d	1	0.61mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	20d	1	0.63mi
18675 Forrer St Detroit, MI	3.0	1.0	1200	$1,225	$1.02	6d	1	0.68mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	25d	1	0.71mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	16d	1	0.79mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	6d	1	0.83mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	18d	1	0.92mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.94mi
18964 Coyle St Detroit, MI	3.0	1.0	1300	$1,350	$1.04	4d	1	0.94mi
18257 Mark Twain St Detroit, MI	3.0	1.0	1185	$1,507	$1.27	18d	1	0.95mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	18d	1	1.00mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	18d	1	1.03mi
17654 Greenview Ave Detroit, MI	4.0	1.0	1377	$1,350	$0.98	18d	1	1.08mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	18d	1	1.10mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	25d	1	1.15mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,500	$1.49	0d	1	1.15mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	12d	1	1.15mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	18d	1	1.17mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	18d	1	1.18mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	25d	1	1.20mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	25d	1	1.20mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	14d	1	1.20mi
16823 Stahelin Ave Detroit, MI	3.0	2.5	1500	$1,600	$1.07	19d	1	1.20mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	1.20mi
19503 Mansfield St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	18d	1	1.21mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	45d	1	1.23mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	18d	1	1.24mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	45d	1	1.25mi
19400 Harlow St Detroit, MI	4.0	1.0	1298	$1,275	$0.98	18d	1	1.26mi
17238 Shaftsbury Ave Detroit, MI	3.0	1.0	1200	$1,550	$1.29	45d	1	1.34mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	45d	1	1.36mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	16d	1	1.41mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	18d	1	1.45mi

Listing history 32 events

1. 2026-05-20
   listed $70,000 Active

   Show marketing remark (1268 chars)

   * * AUCTION PROPERTY * * Don't miss this rare opportunity to own a beautifully maintained, 4-bedroom, 1.5-bath bungalow in one of Northwest Detroit's most sought-after neighborhoods! Offering more space than the typical area home, this gem features a gorgeous natural fireplace with stone accents, a cozy all-season room, and stunningly refinished original hardwood floors throughout. Enjoy the massive curb appeal of a premium corner lot, complete with a detached 2-car garage featuring convenient street-side access. Situated just steps from the prestigious Renaissance High School, this thriving community is attracting buyers from all across Metro Detroit. Cash only. Sold as is. Buyer and agent to verify all information. This property has been placed in an upcoming event. This property has been placed in an upcoming event. All bids should be submitted at XOME (dot) COM. void where prohibited. Please submit any pre-auction offer received through the property details page on XOME (dot) COM. Any post- auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 3.5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply.

2. 2026-05-20
   listed $70,000 Active 1268-char remark

   Show marketing remark (1268 chars)

   * * AUCTION PROPERTY * * Don't miss this rare opportunity to own a beautifully maintained, 4-bedroom, 1.5-bath bungalow in one of Northwest Detroit's most sought-after neighborhoods! Offering more space than the typical area home, this gem features a gorgeous natural fireplace with stone accents, a cozy all-season room, and stunningly refinished original hardwood floors throughout. Enjoy the massive curb appeal of a premium corner lot, complete with a detached 2-car garage featuring convenient street-side access. Situated just steps from the prestigious Renaissance High School, this thriving community is attracting buyers from all across Metro Detroit. Cash only. Sold as is. Buyer and agent to verify all information. This property has been placed in an upcoming event. This property has been placed in an upcoming event. All bids should be submitted at XOME (dot) COM. void where prohibited. Please submit any pre-auction offer received through the property details page on XOME (dot) COM. Any post- auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 3.5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply.

3. 2025-01-01
   historical
4. 2025-01-01
   historical
5. 2024-11-10
   price $119,000
6. 2024-11-09
   price $119,000
7. 2024-10-08
   price $125,000
8. 2024-10-08
   price $125,000
9. 2024-09-02
   price $135,000
10. 2024-09-02
    price $135,000
11. 2024-08-06
    listed $145,000 Active
12. 2024-08-06
    listed $145,000 Active
13. 2022-08-26
    soldstatus $115,000 Sold
14. 2022-08-26
    soldstatus $115,000 Closed
15. 2022-06-22
    status Pending
16. 2022-06-22
    status Pending
17. 2022-05-31
    status Active
18. 2022-05-31
    status Active
19. 2022-05-25
    status Pending
20. 2022-05-25
    status Pending
21. 2022-05-19
    status Active
22. 2022-05-19
    status Active
23. 2022-05-14
    status Pending
24. 2022-05-14
    status Pending
25. 2022-05-13
    status Active
26. 2022-05-12
    status Active
27. 2022-05-10
    status Pending
28. 2022-05-10
    status Pending
29. 2022-05-06
    listed $110,000 Active
30. 2022-05-06
    listed $110,000 Active
31. 2022-05-05
    historical $110,000
32. 2022-05-05
    historical $110,000

ⓘ 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: $2,338 · $195/mo
• Projected year-2 tax: $2,338 · $195/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 ≥98°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: $20,544
• − Mortgage interest: −$3,921
• − Property taxes: −$2,338
• − Insurance: −$350
• − Repairs & maintenance: −$1,644
• − Management: −$1,644
• − Depreciation: −$2,036
• Taxable income: $8,611
• Est. tax owed @ 24.0%: −$2,067
• After-tax cash flow: $7,069/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): 45,600
• Household income: $39,265
• Rent vs Own: 46.5% rent · 53.5% 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
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

-36.4% since first listed

32 events — show timeline

• 2026-05-20 Listed $70,000 MiRealSource-MiMLS
• 2026-05-20 Listed $70,000 REALCOMP
• 2025-01-01 Listing Removed — MiRealSource-MiMLS
• 2025-01-01 Listing Removed — REALCOMP
• 2024-11-10 Price Changed $119,000 MiRealSource-MiMLS
• 2024-11-09 Price Changed $119,000 REALCOMP
• 2024-10-08 Price Changed $125,000 MiRealSource-MiMLS
• 2024-10-08 Price Changed $125,000 REALCOMP
• 2024-09-02 Price Changed $135,000 MiRealSource-MiMLS
• 2024-09-02 Price Changed $135,000 REALCOMP
• 2024-08-06 Listed $145,000 REALCOMP
• 2024-08-06 Listed $145,000 MiRealSource-MiMLS
• 2022-08-26 Sold (MLS) $115,000 MiRealSource-MiMLS
• 2022-08-26 Sold (MLS) $115,000 REALCOMP
• 2022-06-22 Pending — MiRealSource-MiMLS
• 2022-06-22 Pending — REALCOMP
• 2022-05-31 Relisted — MiRealSource-MiMLS
• 2022-05-31 Relisted — REALCOMP
• 2022-05-25 Pending — MiRealSource-MiMLS
• 2022-05-25 Pending — REALCOMP
• 2022-05-19 Relisted — MiRealSource-MiMLS
• 2022-05-19 Relisted — REALCOMP
• 2022-05-14 Pending — MiRealSource-MiMLS
• 2022-05-14 Pending — REALCOMP
• 2022-05-13 Relisted — MiRealSource-MiMLS
• 2022-05-12 Relisted — REALCOMP
• 2022-05-10 Pending — MiRealSource-MiMLS
• 2022-05-10 Pending — REALCOMP
• 2022-05-06 Listed $110,000 MiRealSource-MiMLS
• 2022-05-06 Listed $110,000 REALCOMP
• 2022-05-05 Coming Soon $110,000 MiRealSource-MiMLS
• 2022-05-05 Coming Soon $110,000 REALCOMP

Property tax history

+3.4%/yr

Latest (2025): $2,338 · -40.1% YoY. Source: county tax records.