12684 Birwood St · Detroit, MI 48238

$85,000

4 bd · 1.0 ba · 1,412 sqft · SingleFamily public records · 75 Days on market

Built 1927 3,920 sqft lot $60/sqft · 63% above area Est $60k · 41% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area - perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space - ideal for a recreation room, home gym, or additional storage - along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

Key facts

• 3,920 sq ft lot
• Garage
• Built 1927

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $552 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $80k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.1% vs local median 10.1% 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); 348 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $1,371/mo this rent would consume 49% 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 $588 of loan paydown is wiped out by about $3k 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 $24k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($80k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 24y 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: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.61% ✓
• Cap rate: 14.08%
• Cash-on-cash: 27.83%
• DSCR: 2.24
• GRM: 5.2

CMA / ARV

• ARV (median comp): $60,202
• List price: $85,000
• Delta: 41.19%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12162 Kentucky St	0.36mi	3/1.0 (-1)	1,415 (+0%)	4mo	$42,000	$30	74
13546 Ilene St	0.35mi	3/1.0 (-1)	1,440 (+2%)	6mo	$32,000	$22	70
13176 Manor St	0.29mi	3/1.5 (-1)	1,478 (+5%)	2mo	$60,500	$41	70
12027 Manor St	0.46mi	3/1.0 (-1)	1,340 (-5%)	3mo	$86,750	$65	62
11931 Wisconsin St	0.47mi	3/3.0 (-1)	1,407 (-0%)	5mo	$135,900	$97	61
12667 Sorrento St	0.49mi	3/1.0 (-1)	1,309 (-7%)	0mo	$65,000	$50	60
13586 Indiana St	0.49mi	3/1.0 (-1)	1,298 (-8%)	2mo	$30,000	$23	57
12303 Cloverlawn St	0.59mi	3/1.5 (-1)	1,454 (+3%)	4mo	$58,500	$40	57
13955 Ohio St	0.65mi	3/1.0 (-1)	1,448 (+2%)	5mo	$37,000	$26	57
12096 Meyers Rd	0.42mi	3/1.0 (-1)	1,248 (-12%)	0mo	$30,000	$24	56
13581 Cloverlawn St	0.67mi	4/2.0	1,240 (-12%)	4mo	$143,000	$115	41
13903 Cloverlawn Ave	0.72mi	3/1.5 (-1)	1,265 (-10%)	5mo	$140,000	$111	38

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: 25.3%
• Equity multiple: 2.09×
• Total profit: $25,832
• Equity at exit: $12,674

10-year hold

• IRR: 34.8%
• Equity multiple: 4.67×
• Total profit: $87,257
• Equity at exit: $7,349

Cash invested: $23,800 (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

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: 348
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,371 high
• Mortgage (P&I): −$446
• Tax from tax record: −$50 /mo · $601/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $552

Break-even live

Break-even rent $672

Max offer price $85,000

Occupancy floor 55%

Sensitivity live

Price	-10% $600	-5% $576	+0% $552	+5% $528	+10% $504
Rent	-10% $444	-5% $498	+0% $552	+5% $606	+10% $660
Rate	-1.0pp $595	-0.5pp $574	base $552	+0.5pp $530	+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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12650 Griggs St Detroit, MI	3.0	2.0	1628	$1,375	$0.84	25d	1	0.07mi
12144 Washburn St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	16d	1	0.33mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	6d	1	0.48mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	18d	1	0.51mi
12303 Cloverlawn St Detroit, MI	3.0	1.5	1454	$1,400	$0.96	44d	1	0.60mi
13979 Cherrylawn St Detroit, MI	3.0	1.0	1296	$1,334	$1.03	21d	1	0.69mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	44d	1	0.82mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	44d	1	0.83mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	3d	1	0.83mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	18d	1	0.83mi
13620 Tuller St Detroit, MI	4.0	1.0	1064	$1,374	$1.29	13d	1	0.96mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	44d	1	1.00mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	44d	1	1.07mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	17d	1	1.10mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	25d	1	1.18mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,423	$1.58	6d	1	1.19mi
12778 Strathmoor St Detroit, MI	3.0	1.0	1597	$1,150	$0.72	6d	1	1.22mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	1.24mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	17d	1	1.24mi
13331 Strathmoor St Detroit, MI	3.0	1.0	1084	$1,100	$1.01	17d	1	1.29mi
9355 Ward St Detroit, MI	3.0	1.0	1200	$1,327	$1.11	44d	1	1.31mi
12754 Marlowe St Detroit, MI	3.0	2.0	1008	$1,400	$1.39	17d	1	1.33mi
9209 Pinehurst St Detroit, MI	3.0	1.0	1589	$1,500	$0.94	44d	1	1.34mi
4287 W Grand St Unit 4289 Detroit, MI	3.0	1.0	1250	$1,000	$0.80	44d	1	1.37mi
4336 Buena Vista St Detroit, MI	3.0	1.0	1300	$1,100	$0.85	44d	1	1.38mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	44d	1	1.38mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	44d	1	1.40mi
4341 Glendale St Detroit, MI	4.0	2.5	1832	$1,680	$0.92	6d	1	1.40mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	3d	1	1.45mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	17d	1	1.46mi
12039 Lauder St Detroit, MI	3.0	1.5	1000	$1,500	$1.50	25d	1	1.47mi
11431 Marlowe St Detroit, MI	3.0	1.0	1172	$1,400	$1.19	17d	1	1.49mi

Listing history 28 events

1. 2026-06-21
   days on market $85,000 Active 75 DOM
2. 2026-06-18
   days on market $85,000 Active 72 DOM
3. 2026-06-17
   days on market $85,000 Active 71 DOM
4. 2026-06-15
   days on market $85,000 Active 69 DOM
5. 2026-06-13
   days on market $85,000 Active 67 DOM
6. 2026-06-13
   days on market $85,000 Active 66 DOM
7. 2026-06-09
   days on market $85,000 Active 63 DOM
8. 2026-06-08
   days on market $85,000 Active 62 DOM
9. 2026-06-07
   days on market $85,000 Active 61 DOM
10. 2026-06-04
    days on market $85,000 Active 58 DOM
11. 2026-06-03
    days on market $85,000 Active 57 DOM
12. 2026-06-02
    days on market $85,000 Active 56 DOM
13. 2026-06-01
    days on market $85,000 Active 55 DOM
14. 2026-05-31
    days on market $85,000 Active 54 DOM
15. 2026-04-30
    status Active 1094-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

16. 2026-04-30
    status Active 1106-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

17. 2026-04-02
    status Pending 1094-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

18. 2026-04-02
    status Pending 1106-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

19. 2026-03-21
    status Active 1094-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

20. 2026-03-21
    status Active 1106-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

21. 2026-03-16
    status Pending 1106-char remark

    Show marketing remark (1094 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area - perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space - ideal for a recreation room, home gym, or additional storage - along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

22. 2026-03-16
    status Pending 1094-char remark

    Show marketing remark (1094 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area - perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space - ideal for a recreation room, home gym, or additional storage - along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

23. 2026-03-06
    listed $85,000 Active 1094-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

24. 2026-03-06
    listed $85,000 Active 1106-char remark

    Show marketing remark (1106 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area—perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space—ideal for a recreation room, home gym, or additional storage—along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

25. 2026-03-04
    historical $85,000 1094-char remark

    Show marketing remark (1094 chars)

    Charming and solid, this classic 4-bedroom, 1.1-bath brick home offers timeless character and plenty of space in the heart of Detroit. Featuring a traditional layout with generous room sizes, this property blends comfort and functionality for everyday living. The spacious living room welcomes you with abundant natural light and flows seamlessly into the dining area - perfect for entertaining or family gatherings. The kitchen offers ample cabinet space and the opportunity to make it your own. Four well-sized bedrooms provide flexibility for family, guests, or a home office. The partially finished basement adds valuable bonus space - ideal for a recreation room, home gym, or additional storage - along with a convenient half bath for added practicality. Constructed with durable brick exterior, this home offers classic curb appeal and low-maintenance living. Whether you're a first-time buyer or an investor looking to add to your portfolio, this property presents a fantastic opportunity to own a solid home with room to grow. Schedule your showing today and imagine the possibilities!

26. 2003-01-10
    soldstatus $76,000
27. 2002-10-17
    historical
28. 2002-04-17
    listed $73,900

ⓘ 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: $601 · $50/mo
• Projected year-2 tax: $955 · $80/mo
• Expected delta: +$354/yr (+$30/mo · 59.0%)

ⓘ 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

Taxation est. · year 1

• Rental income: $16,453
• − Mortgage interest: −$4,761
• − Property taxes: −$601
• − Insurance: −$425
• − Repairs & maintenance: −$1,316
• − Management: −$1,316
• − Depreciation: −$2,473
• Taxable income: $5,561
• Est. tax owed @ 24.0%: −$1,335
• After-tax cash flow: $5,288/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

+15.0% since first listed

14 events — show timeline

• 2026-04-30 Relisted — MiRealSource-MiMLS
• 2026-04-30 Relisted — REALCOMP
• 2026-04-02 Pending — MiRealSource-MiMLS
• 2026-04-02 Pending — REALCOMP
• 2026-03-21 Relisted — MiRealSource-MiMLS
• 2026-03-21 Relisted — REALCOMP
• 2026-03-16 Pending — REALCOMP
• 2026-03-16 Pending — MiRealSource-MiMLS
• 2026-03-06 Listed $85,000 MiRealSource-MiMLS
• 2026-03-06 Listed $85,000 REALCOMP
• 2026-03-04 Coming Soon $85,000 MiRealSource-MiMLS
• 2003-01-10 Sold (Public Records) $76,000 Public Records
• 2002-10-17 Listing Removed — REALCOMP
• 2002-04-17 Listed $73,900 REALCOMP

Property tax history

-0.5%/yr

Latest (2025): $601 · -37.0% YoY. Source: county tax records.