19491 Ilene St · Detroit, MI 48221

$108,000

3 bd · 1.0 ba · 1,116 sqft · SingleFamily public records · 46 Days on market

Built 1949 4,792 sqft lot $97/sqft · at area comps Est $149k · 28% under

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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 +29.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 3 bedroom 2 bath brick home in highly desirable McDowell sub, Detroit's best kept secret just north of Bagley, just steps away from prestigious Van Antwerp Park. Huge opportunity for value gain! This home is in immaculate condition and includes a 5 star tenant paying $1,100/mo. The property manager said this is one of the best tenants you could have, and the home is truly immaculate for the price point. There is a newer central air unit out back and the home has been tastefully updated throughout. Full partially finished basement includes a full bath with a nice, functional shower. The backyard is fully privacy fenced. So much more with this house, hurry and write your offer now! Tenant is to stay in the property. Clear title with warranty deed and title insurance. Buyer to verify all information, taxes, room sizes, etc. Buyer to pay 495 compliance to list office.

Key facts

• Mcdowell sub
• Brick home
• Van antwerp park

Tags

• BRICK HOME
• MCDOWELL SUB
• VAN ANTWERP PARK
• NEWER CENTRAL AIR UNIT
• PARTIALLY FINISHED BASEMENT
• FULL PRIVACY FENCED BACKYARD

Property features AI

Finance

• Other: Lot is paved and measures approximately 40 x 118 (0.11 acre)
• Financial info: No investor or income/expense details provided
• HOA & community: No HOA details provided

Exterior

• Parking: Driveway; Carport; No garage
• Security: No security details provided
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and a half stories; Ground-level entry with steps; Brick and stone exterior
• Construction: Block foundation
• Exterior features: Awnings

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Total of 3 rooms (includes bedrooms and living areas)
• Flooring: No flooring details provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Partial finished basement with a full bath and plumbing stubbed for additional bath; Ceiling fans
• Laundry & utility: No laundry details provided

🏷️ Possibly a rental listed for sale. The $108,000 price doesn't fit this home's estimated sale value (~$149,352) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $376 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $108k).
• Recommended offer: $105k (3.0% below list) — sets the bar for market timing.

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 (+3.4%/yr); 349 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $747 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 + 3.4% rent growth), your $30k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $7k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $108k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $104,760 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.32% ✓
• Cap rate: 10.47%
• Cash-on-cash: 14.92%
• DSCR: 1.66
• GRM: 6.3

CMA / ARV

• ARV (median comp): $149,352
• List price: $108,000
• Delta: -27.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19322 Ilene St	0.19mi	3/1.0	1,144 (+2%)	0mo	$165,000	$144	87
19366 Kentucky St	0.25mi	3/1.5	1,148 (+3%)	4mo	$99,000	$86	78
20018 Wyoming Ave	0.30mi	3/1.0	1,043 (-6%)	4mo	$66,500	$64	72
20110 Northlawn St	0.58mi	3/1.0	1,100 (-1%)	3mo	$67,000	$61	68
19159 Meyers Rd	0.48mi	2/1.0 (-1)	1,094 (-2%)	3mo	$87,500	$80	67
20484 Appoline St	0.70mi	3/2.0	1,150 (+3%)	3mo	$182,000	$158	56
20203 Monte Vista St	0.50mi	3/1.0	1,000 (-10%)	4mo	$75,000	$75	56
20145 Kentucky St	0.39mi	3/1.0	949 (-15%)	5mo	$97,000	$102	52
20115 Ward St	0.69mi	3/1.0	1,000 (-10%)	4mo	$160,000	$160	47
20501 Northlawn St	0.73mi	3/1.0	992 (-11%)	3mo	$90,000	$91	45
20403 Manor St	0.59mi	3/2.0	968 (-13%)	2mo	$57,000	$59	45
20242 Ward St	0.74mi	3/1.0	982 (-12%)	4mo	$80,000	$81	42

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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: 6.0%
• Equity multiple: 1.23×
• Total profit: $7,102
• Equity at exit: $16,103

10-year hold

• IRR: 15.8%
• Equity multiple: 2.31×
• Total profit: $39,727
• Equity at exit: $9,338

Cash invested: $30,240 (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 48221

• Rents YoY: 3.4%
• Active inventory: 349
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,421 high
• Mortgage (P&I): −$566
• Tax est. 1.5%: −$135 /mo · $1,620/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $376

Break-even live

Break-even rent $945

Max offer price $108,000

Occupancy floor 69%

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: $27,000
• Closing costs: $3,240
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19929 Monte Vista St Detroit, MI	3.0	1.0	860	$1,450	$1.69	17d	1	0.33mi
20032 Monte Vista St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	20d	1	0.38mi
20009 Wisconsin St Detroit, MI	3.0	1.5	1051	$1,400	$1.33	17d	1	0.41mi
20122 Manor St Detroit, MI	3.0	1.0	1028	$1,200	$1.17	43d	1	0.46mi
18935 Indiana St Detroit, MI	3.0	1.0	1248	$1,523	$1.22	5d	1	0.48mi
20185 Indiana St Detroit, MI	2.0	1.5	1096	$1,275	$1.16	43d	1	0.49mi
19986 Cherrylawn St Detroit, MI	4.0	1.5	1144	$1,700	$1.49	17d	1	0.51mi
20460 Griggs St Detroit, MI	2.0	1.0	910	$1,100	$1.21	17d	1	0.56mi
20245 Manor Detroit, MI	3.0	1.0	1018	$1,400	$1.38	2d	1	0.57mi
20445 Kentucky St Detroit, MI	3.0	1.0	1046	$1,200	$1.15	24d	1	0.58mi
20429 Monte Vista St Detroit, MI	3.0	1.0	872	$1,300	$1.49	17d	1	0.59mi
18675 Meyers Rd Unit 18677 Detroit, MI	2.0	1.0	942	$1,100	$1.17	43d	1	0.61mi
20110 Northlawn St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	17d	1	0.61mi
20515 Ilene St Detroit, MI	3.0	1.0	891	$1,450	$1.63	43d	1	0.61mi
20458 Indiana St Detroit, MI	3.0	1.0	1049	$1,300	$1.24	17d	1	0.62mi
20045 Greenlawn St Detroit, MI	3.0	1.0	925	$1,350	$1.46	43d	1	0.68mi
19474 Schaefer Hwy Detroit, MI	2.0	1.0	896	$1,075	$1.20	5d	1	0.83mi
18512 Schaefer Hwy Detroit, MI	2.0	1.0	962	$1,200	$1.25	24d	1	1.01mi
17540 Pinehurst St Detroit, MI	3.0	1.0	1200	$1,395	$1.16	43d	1	1.04mi
20426 Tracey St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	24d	1	1.04mi
21374 Ithaca Ave Ferndale, MI	3.0	1.0	996	$1,775	$1.78	24d	1	1.08mi
20038 Santa Rosa Dr Detroit, MI	3.0	1.0	927	$1,300	$1.40	17d	1	1.09mi
19031 Livernois Unit F Detroit, MI	2.0	2.0	1100	$2,135	$1.94	43d	1	1.19mi
20042 Freeland St Detroit, MI	3.0	1.5	1445	$1,400	$0.97	16d	1	1.19mi
17150 Meyers Rd Detroit, MI	1.0–2.0	1.0	775	$975	$1.26	43d	2	1.27mi
17195 Northlawn St #2 Detroit, MI	2.0	1.0	1200	$1,050	$0.88	24d	1	1.32mi
17195 Northlawn St #1 Detroit, MI	2.0	1.0	1200	$1,100	$0.92	20d	1	1.32mi
17368 Woodingham Dr Detroit, MI	3.0	1.5	1200	$1,800	$1.50	43d	1	1.32mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	1.33mi
17159 Northlawn St Unit 17161 Detroit, MI	2.0	1.0	1122	$975	$0.87	5d	1	1.35mi
631 Shasta Pl Ferndale, MI	3.0	2.0	1317	$2,100	$1.59	43d	1	1.36mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	17d	1	1.40mi
510 Stratford Rd Ferndale, MI	2.0	1.0	965	$1,750	$1.81	43d	1	1.40mi
578 Kensington Ave Ferndale, MI	2.0	1.0	860	$1,600	$1.86	5d	1	1.40mi
17596 Santa Rosa Dr Unit 2 Detroit, MI	2.0	1.0	1350	$1,195	$0.89	24d	1	1.44mi
17596 Santa Rosa Dr Detroit, MI	2.0	1.0	1350	$1,195	$0.89	43d	1	1.44mi
17551 Santa Rosa Dr Detroit, MI	2.0	1.0	1036	$1,095	$1.06	43d	1	1.45mi
18257 Mark Twain St Detroit, MI	3.0	1.0	1185	$1,507	$1.27	16d	1	1.45mi
20129 Stratford Rd Unit 2 Detroit, MI	2.0	1.0	1100	$1,223	$1.11	24d	1	1.46mi

Listing history 16 events

1. 2026-06-18
   days on market $108,000 Active 46 DOM
2. 2026-06-17
   days on market $108,000 Active 45 DOM
3. 2026-06-15
   days on market $108,000 Active 43 DOM
4. 2026-06-13
   days on market $108,000 Active 41 DOM
5. 2026-06-13
   days on market $108,000 Active 40 DOM
6. 2026-06-09
   days on market $108,000 Active 37 DOM
7. 2026-06-08
   days on market $108,000 Active 36 DOM
8. 2026-06-07
   days on market $108,000 Active 35 DOM
9. 2026-06-04
   days on market $108,000 Active 32 DOM
10. 2026-06-03
    pricedays on market $108,000 Active 31 DOM

    Show marketing remark (886 chars)

    Beautiful 3 bedroom 2 bath brick home in highly desirable McDowell sub, Detroit's best kept secret just north of Bagley, just steps away from prestigious Van Antwerp Park. Huge opportunity for value gain! This home is in immaculate condition and includes a 5 star tenant paying $1,100/mo. The property manager said this is one of the best tenants you could have, and the home is truly immaculate for the price point. There is a newer central air unit out back and the home has been tastefully updated throughout. Full partially finished basement includes a full bath with a nice, functional shower. The backyard is fully privacy fenced. So much more with this house, hurry and write your offer now! Tenant is to stay in the property. Clear title with warranty deed and title insurance. Buyer to verify all information, taxes, room sizes, etc. Buyer to pay 495 compliance to list office.

11. 2026-06-02
    days on market $115,000 Active 30 DOM
12. 2026-06-01
    days on market $115,000 Active 29 DOM
13. 2026-05-31
    days on market $115,000 Active 28 DOM
14. 2026-05-04
    listed $115,000 Active 886-char remark

    Show marketing remark (886 chars)

    Beautiful 3 bedroom 2 bath brick home in highly desirable McDowell sub, Detroit's best kept secret just north of Bagley, just steps away from prestigious Van Antwerp Park. Huge opportunity for value gain! This home is in immaculate condition and includes a 5 star tenant paying $1,100/mo. The property manager said this is one of the best tenants you could have, and the home is truly immaculate for the price point. There is a newer central air unit out back and the home has been tastefully updated throughout. Full partially finished basement includes a full bath with a nice, functional shower. The backyard is fully privacy fenced. So much more with this house, hurry and write your offer now! Tenant is to stay in the property. Clear title with warranty deed and title insurance. Buyer to verify all information, taxes, room sizes, etc. Buyer to pay 495 compliance to list office.

15. 2026-05-04
    listed $115,000 Active 886-char remark

    Show marketing remark (886 chars)

    Beautiful 3 bedroom 2 bath brick home in highly desirable McDowell sub, Detroit's best kept secret just north of Bagley, just steps away from prestigious Van Antwerp Park. Huge opportunity for value gain! This home is in immaculate condition and includes a 5 star tenant paying $1,100/mo. The property manager said this is one of the best tenants you could have, and the home is truly immaculate for the price point. There is a newer central air unit out back and the home has been tastefully updated throughout. Full partially finished basement includes a full bath with a nice, functional shower. The backyard is fully privacy fenced. So much more with this house, hurry and write your offer now! Tenant is to stay in the property. Clear title with warranty deed and title insurance. Buyer to verify all information, taxes, room sizes, etc. Buyer to pay 495 compliance to list office.

16. 2021-02-22
    soldstatus $60,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $17,049
• − Mortgage interest: −$6,050
• − Property taxes: −$1,620
• − Insurance: −$540
• − Repairs & maintenance: −$1,364
• − Management: −$1,364
• − Depreciation: −$3,142
• Taxable income: $2,970
• Est. tax owed @ 24.0%: −$713
• After-tax cash flow: $3,800/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): 41,392
• Household income: $57,878
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1646.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 4% Asian 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -433.14%
• Current HPI: 280.5434
• Rent YoY: ▲ 3.44%
• 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

+80.0% since first listed

5 events — show timeline

• 2026-06-03 Price Changed $108,000 MiRealSource-MiMLS
• 2026-06-03 Price Changed $108,000 REALCOMP
• 2026-05-04 Listed $115,000 MiRealSource-MiMLS
• 2026-05-04 Listed $115,000 REALCOMP
• 2021-02-22 Sold (Public Records) $60,000 Public Records

Property tax history

+15.3%/yr

Latest (2025): $6,778 · +97.0% YoY. Source: county tax records.