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19491 Ilene St 🏷️ Likely Rental
A- Composite 80.8
Why this score? — see what drove the A- 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 +15.0/15.0
  • DSCR +10.0/10.0
  • 1% rule +8.5/10.0
  • Appreciation +5.0/10.0
  • Condition / age +3.8/5.0
  • Livability +3.7/5.0
  • Rent growth +2.5/5.0
  • Schools +2.5/10.0

$100,000

19491 Ilene St · Detroit, MI 48221 1447
3 bd · 1.0 ba · 1,116 sqft · SingleFamily public records · 142 Days on market
Built 1949 Good condition 4,791 sqft lot $90/sqft · 10% below area Est $160k · 37% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

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

  • Brick home
  • 4,791 sq ft lot
  • Built 1949

Tags

BRICK HOMENEWER CENTRAL AIR UNITPARTIALLY FINISHED BASEMENTFULL PRIVACY FENCED BACKYARD

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $100,000 price doesn't fit this home's estimated sale value (~$159,885) 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 $100k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $373 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $100k).
  • Recommended offer: $88k (12.0% 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: 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.
  • Zoned schools: Vernor Elementary School (math 24% / reading 24%, grade F, #980 of 1,397 statewide, top 74%, 328 students, 87% FRL); Mumford High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 889 students, 86% FRL) — zoned schools at 87% FRL track the district average.
  • Market conditions: 1 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 72d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

  • In year one you build about $4k of equity ($691 loan paydown + $3k appreciation (3.0% local appreciation)).
  • 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 + 3.0% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.
  • By year 9, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 142 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $15k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $60k; list at $100k implies a 67% 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 $88,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% 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. 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
1.35%
Cap rate
10.77%
Cash-on-cash
15.97%
DSCR
1.71
GRM
6.2

CMA / ARV

ARV (median comp)
$159,885
List price
$100,000
Delta
-37.46%
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
19450 Washburn St 0.09mi 3/1.5 1,125 (+1%) 3mo $177,000 $157 90
19322 Ilene St 0.19mi 3/1.0 1,144 (+2%) 3mo $165,000 $144 84
20055 Birwood St 0.32mi 3/1.0 1,100 (-1%) 2mo $67,000 $61 81
20005 Griggs St 0.26mi 4/1.0 (+1) 1,078 (-3%) 3mo $50,000 $46 75
20110 Northlawn St 0.58mi 3/1.0 1,100 (-1%) 6mo $67,000 $61 65
19159 Meyers Rd 0.48mi 2/1.0 (-1) 1,094 (-2%) 6mo $87,500 $80 65
20412 Steel St 0.68mi 3/1.0 1,172 (+5%) 4mo $150,000 $128 57
19999 Roselawn St 0.57mi 2/1.0 (-1) 1,208 (+8%) 1mo $59,000 $49 54
20484 Appoline St 0.70mi 3/2.0 1,150 (+3%) 6mo $182,000 $158 53
8700 W 7 Mile Rd 0.44mi 3/1.5 1,274 (+14%) 2mo $147,000 $115 52
20495 Meyers Rd 0.69mi 2/1.0 (-1) 1,035 (-7%) 1mo $42,000 $41 50
20403 Manor St 0.59mi 3/2.0 968 (-13%) 6mo $57,000 $59 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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
22.5%
Equity multiple
2.28×
Total profit
$35,806
Equity at exit
$44,964
10-year hold
IRR
23.5%
Equity multiple
4.37×
Total profit
$94,240
Equity at exit
$69,295

Cash invested: $28,000 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
22 active · 23 under contract
Months of supply
4.6 mo (22%/mo absorbed)
Median asking
$91,200 ($95/sqft)
Median days on market
80 d
This list price
55% of active listings are priced below it
ARV vs active asking
+50.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 48221 1447

Active inventory
1
Price-to-rent
6.2×

Monthly cashflow live

Estimated rent
$1,347 high interval (Pro) →
Mortgage (P&I)
$524
Tax est. 1.5%
$125 /mo · $1,500/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$283
Net cashflow
$373

Break-even live

Break-even rent $875
Max offer price $100,000
Occupancy floor 67%

Sensitivity live

Price -10% $442 -5% $407 +0% $373 +5% $338 +10% $304
Rent -10% $266 -5% $320 +0% $373 +5% $426 +10% $479
Rate -1.0pp $423 -0.5pp $398 base $373 +0.5pp $347 +1.0pp $320

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
$25,000
Closing costs
$3,000
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
8805 Kingswood St Detroit, MI 1.0–2.0 1.0–2.0 955 $1,600 $1.67 3d 9 0.22mi
19727 Monte Vista St Unit 2 Detroit, MI 2.0 1.0 750 $577 $0.77 43d 1 0.27mi
20005 Griggs St Detroit, MI 4.0 1.0 1078 $1,475 $1.37 30d 1 0.28mi
19970 Wyoming St Detroit, MI 3.0 1.0 1043 $1,600 $1.53 24d 1 0.29mi
19929 Monte Vista St Detroit, MI 3.0 1.0 860 $1,450 $1.69 113d 1 0.33mi
19981 Indiana St Detroit, MI 3.0 1.0 1000 $1,350 $1.35 18d 1 0.35mi
20032 Monte Vista St Detroit, MI 3.0 1.0 1000 $1,294 $1.29 116d 1 0.38mi
20009 Wisconsin St Detroit, MI 3.0 1.5 1051 $1,400 $1.33 113d 1 0.41mi
20119 Indiana St Detroit, MI 3.0 1.0 810 $1,423 $1.76 2d 1 0.44mi
20122 Manor St Detroit, MI 3.0 1.0 1028 $1,200 $1.17 139d 1 0.46mi
20174 Kentucky St Detroit, MI 3.0 1.5 1092 $1,150 $1.05 18d 1 0.47mi
18935 Indiana St Detroit, MI 3.0 1.0 1248 $1,523 $1.22 100d 1 0.48mi
20185 Indiana St Detroit, MI 2.0 1.5 1096 $1,275 $1.16 139d 1 0.49mi
20200 Monte Vista St Detroit, MI 3.0 1.0 860 $1,450 $1.69 33d 1 0.50mi
19986 Cherrylawn St Detroit, MI 4.0 1.5 1144 $1,700 $1.49 113d 1 0.51mi
20460 Griggs St Detroit, MI 2.0 1.0 910 $950 $1.04 71d 1 0.56mi
20245 Manor Detroit, MI 3.0 1.5 1018 $1,400 $1.38 88d 1 0.57mi
20445 Kentucky St Detroit, MI 3.0 1.0 1046 $1,200 $1.15 120d 1 0.58mi
20429 Monte Vista St Detroit, MI 3.0 1.0 872 $1,300 $1.49 113d 1 0.59mi
20495 Mendota St Detroit, MI 3.0 1.5 705 $1,195 $1.70 18d 1 0.61mi
18675 Meyers Rd Unit 18677 Detroit, MI 2.0 1.0 942 $1,100 $1.17 139d 1 0.61mi
20110 Northlawn St Detroit, MI 3.0 1.0 1100 $1,350 $1.23 113d 1 0.61mi
20515 Ilene St Detroit, MI 3.0 1.0 891 $1,450 $1.63 139d 1 0.61mi
20458 Indiana St Detroit, MI 3.0 1.0 1049 $1,199 $1.14 43d 1 0.62mi
20045 Greenlawn St Detroit, MI 3.0 1.0 925 $1,350 $1.46 139d 1 0.68mi
18301 Birwood St Detroit, MI 3.0 1.0 925 $1,475 $1.59 69d 1 0.72mi
20469 Steel St Detroit, MI 2.0 1.0 996 $1,200 $1.20 24d 1 0.74mi
19977 Snowden St Detroit, MI 4.0 1.5 1500 $1,500 $1.00 0d 1 0.80mi
19928 Santa Barbara Dr Detroit, MI 3.0 1.0 865 $1,250 $1.45 69d 1 0.81mi
19474 Schaefer Hwy Detroit, MI 2.0 1.0 896 $950 $1.06 72d 1 0.83mi
18260 Sorrento St Detroit, MI 3.0 1.5 1500 $1,500 $1.00 69d 1 0.91mi
19300 Lesure St Detroit, MI 2.0 1.0 928 $1,150 $1.24 67d 1 0.98mi
18512 Schaefer Hwy Detroit, MI 2.0 1.0 962 $1,200 $1.25 120d 1 1.01mi
17540 Pinehurst St Detroit, MI 3.0 1.0 1200 $1,450 $1.21 75d 1 1.04mi
21094 Reimanville Ave Ferndale, MI 3.0 1.0 1000 $1,700 $1.70 0d 1 1.04mi
20426 Tracey St Detroit, MI 3.0 1.0 1200 $1,200 $1.00 120d 1 1.04mi
21374 Ithaca Ave Ferndale, MI 3.0 1.0 996 $1,775 $1.78 120d 1 1.08mi
20038 Santa Rosa Dr Detroit, MI 3.0 1.0 927 $1,300 $1.40 113d 1 1.09mi
18503 Prairie St Detroit, MI 3.0 1.5 1327 $1,650 $1.24 10d 1 1.09mi
20400 Monica St Detroit, MI 4.0 2.0 1450 $1,500 $1.03 69d 1 1.12mi

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
DrivewayCarportNo garage
Security
No security details provided
Utilities
Public waterPublic sewer
Home design
Single-family residenceOne and a half storiesGround-level entry with stepsBrick 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 conditioningForced air heatingNatural gas heating
Interior features
Partial finished basement with a full bath and plumbing stubbed for additional bathCeiling fans
Laundry & utility
No laundry details provided

Listing history 50 events

  1. 2026-09-23
    days on market $100,000 Active 142 DOM
  2. 2026-09-22
    days on market $100,000 Active 141 DOM
  3. 2026-09-21
    days on market $100,000 Active 140 DOM
  4. 2026-09-20
    days on market $100,000 Active 139 DOM
  5. 2026-09-19
    days on market $100,000 Active 138 DOM
  6. 2026-09-18
    days on market $100,000 Active 137 DOM
  7. 2026-09-17
    days on market $100,000 Active 136 DOM
  8. 2026-09-16
    days on market $100,000 Active 135 DOM
  9. 2026-09-15
    days on market $100,000 Active 134 DOM
  10. 2026-09-14
    days on market $100,000 Active 133 DOM
  11. 2026-09-13
    days on market $100,000 Active 132 DOM
  12. 2026-09-12
    days on market $100,000 Active 131 DOM
  13. 2026-09-11
    days on market $100,000 Active 130 DOM
  14. 2026-09-05
    days on market $100,000 Active 124 DOM
  15. 2026-09-04
    days on market $100,000 Active 123 DOM
  16. 2026-09-03
    days on market $100,000 Active 122 DOM
  17. 2026-08-31
    days on market $100,000 Active 119 DOM
  18. 2026-08-30
    days on market $100,000 Active 118 DOM
  19. 2026-08-29
    days on market $100,000 Active 117 DOM
  20. 2026-08-28
    days on market $100,000 Active 116 DOM
  21. 2026-08-27
    days on market $100,000 Active 115 DOM
  22. 2026-08-26
    days on market $100,000 Active 114 DOM
  23. 2026-08-25
    days on market $100,000 Active 113 DOM
  24. 2026-08-24
    days on market $100,000 Active 112 DOM
  25. 2026-08-23
    days on market $100,000 Active 111 DOM
  26. 2026-08-22
    days on market $100,000 Active 110 DOM
  27. 2026-08-21
    days on market $100,000 Active 109 DOM
  28. 2026-08-20
    days on market $100,000 Active 108 DOM
  29. 2026-08-19
    days on market $100,000 Active 107 DOM
  30. 2026-08-18
    days on market $100,000 Active 106 DOM
  31. 2026-08-17
    days on market $100,000 Active 105 DOM
  32. 2026-08-16
    days on market $100,000 Active 104 DOM
  33. 2026-08-14
    days on market $100,000 Active 102 DOM
  34. 2026-08-13
    days on market $100,000 Active 101 DOM
  35. 2026-08-12
    days on market $100,000 Active 100 DOM
  36. 2026-08-11
    days on market $100,000 Active 99 DOM
  37. 2026-08-10
    days on market $100,000 Active 98 DOM
  38. 2026-08-09
    days on market $100,000 Active 97 DOM
  39. 2026-08-08
    days on market $100,000 Active 96 DOM
  40. 2026-08-06
    days on market $100,000 Active 94 DOM
  41. 2026-08-05
    days on market $100,000 Active 93 DOM
  42. 2026-08-04
    days on market $100,000 Active 92 DOM
  43. 2026-08-03
    days on market $100,000 Active 91 DOM
  44. 2026-07-31
    days on market $100,000 Active 88 DOM
  45. 2026-07-30
    days on market $100,000 Active 87 DOM
  46. 2026-07-30
    days on market $100,000 Active 86 DOM
  47. 2026-07-28
    days on market $100,000 Active 85 DOM
  48. 2026-07-26
    days on market $100,000 Active 83 DOM
  49. 2026-07-24
    days on market $100,000 Active 81 DOM
  50. 2026-07-23
    days on marketlisting id $100,000 Active 80 DOM

ⓘ 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$16,159
− Mortgage interest
−$5,602
− Property taxes
−$1,500
− Insurance
−$500
− Repairs & maintenance
−$1,293
− Management
−$1,293
− Depreciation
−$2,909
Taxable income
$3,063
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$735
After-tax cash flow
$3,738/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.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $5,580–$16,740 screening

This 1949 single-family home in McDowell Subdivision is in good condition with minimal repairs needed. It offers a great opportunity for value gain with tasteful updates and a 5-star tenant.

Components & finishes AI

Roof asphalt shingle · good Flooring wood

Deferred maintenance Est. $3,000–$12,000 screening

  • Minor Roof (roof) — No visible signs of damage or wear
  • Minor Windows (windows) — No visible signs of damage or wear
  • Minor Electrical (electrical) — No visible signs of damage or wear
  • Minor Plumbing (plumbing) — No visible signs of damage or wear
  • Minor Exterior (exterior) — No visible signs of damage or wear
  • Minor Other — No visible signs of damage or wear

Value-add opportunities

  • Both Paint exterior trim — Enhances curb appeal and value
  • Both Clean gutters — Improves drainage and prevents water damage

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 24/100

Zoned Schools

Elementary Vernor Elementary School F MI #980/1,397 Nat'l #30,133/41,679 High Mumford High School F MI #481/713 Nat'l #12,478/17,239

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
B Composite livability gradescore 73/100

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

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%

Not yet ingested

Political lean
Race & ethnicity
Common origin
Civics

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.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…