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19491 Ilene St 🏷️ Likely Rental
A- Composite 80.93
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 +8.6/10.0
  • 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 · 96 Days on market
Built 1949 Good condition 4,791 sqft lot $90/sqft · 9% below area Est $158k · 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 (~$158,189) 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 $382 ($5k/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: $91k (9.0% 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 67d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% 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 96 days — a 9% lower offer ($91k) 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 $91,000 (9.0% below list)

Questions for the listing agent

  1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% 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
1.36%
Cap rate
10.88%
Cash-on-cash
16.37%
DSCR
1.73
GRM
6.1

CMA / ARV

ARV (median comp)
$158,189
List price
$100,000
Delta
-36.78%
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%) 1mo $177,000 $157 91
19322 Ilene St 0.19mi 3/1.0 1,144 (+2%) 2mo $165,000 $144 86
20055 Birwood St 0.32mi 3/1.0 1,100 (-1%) 1mo $67,000 $61 82
20005 Griggs St 0.26mi 4/1.0 (+1) 1,078 (-3%) 2mo $50,000 $46 76
20018 Wyoming Ave 0.30mi 3/1.0 1,043 (-6%) 5mo $66,500 $64 71
20110 Northlawn St 0.58mi 3/1.0 1,100 (-1%) 5mo $67,000 $61 67
19159 Meyers Rd 0.48mi 2/1.0 (-1) 1,094 (-2%) 4mo $87,500 $80 66
20412 Steel St 0.68mi 3/1.0 1,172 (+5%) 2mo $150,000 $128 58
20484 Appoline St 0.70mi 3/2.0 1,150 (+3%) 5mo $182,000 $158 54
8700 W 7 Mile Rd 0.44mi 3/1.5 1,274 (+14%) 0mo $147,000 $115 54
20501 Northlawn St 0.73mi 3/1.0 992 (-11%) 5mo $90,000 $91 43
20403 Manor St 0.59mi 3/2.0 968 (-13%) 4mo $57,000 $59 43

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
22.9%
Equity multiple
2.30×
Total profit
$36,399
Equity at exit
$44,964
10-year hold
IRR
23.8%
Equity multiple
4.41×
Total profit
$95,521
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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
45 active · 37 under contract
Months of supply
7.7 mo (13%/mo absorbed)
Median asking
$129,900 ($113/sqft)
Median days on market
61 d
This list price
42% of active listings are priced below it
ARV vs active asking
+25.5% 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
6.1×

Monthly cashflow live

Estimated rent
$1,358 high interval (Pro) →
Mortgage (P&I)
$524
Tax est. 1.5%
$125 /mo · $1,500/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$285
Net cashflow
$382

Break-even live

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

Sensitivity live

Price -10% $451 -5% $417 +0% $382 +5% $347 +10% $313
Rent -10% $275 -5% $328 +0% $382 +5% $436 +10% $489
Rate -1.0pp $432 -0.5pp $407 base $382 +0.5pp $356 +1.0pp $330

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 $1,430 $1.50 10d 6 0.22mi
19929 Monte Vista St Detroit, MI 3.0 1.0 860 $1,450 $1.69 66d 1 0.33mi
20032 Monte Vista St Detroit, MI 3.0 1.0 1000 $1,294 $1.29 69d 1 0.38mi
20009 Wisconsin St Detroit, MI 3.0 1.5 1051 $1,400 $1.33 66d 1 0.41mi
20122 Manor St Detroit, MI 3.0 1.0 1028 $1,200 $1.17 93d 1 0.46mi
18935 Indiana St Detroit, MI 3.0 1.0 1248 $1,523 $1.22 54d 1 0.48mi
20185 Indiana St Detroit, MI 2.0 1.5 1096 $1,275 $1.16 93d 1 0.49mi
19986 Cherrylawn St Detroit, MI 4.0 1.5 1144 $1,700 $1.49 66d 1 0.51mi
20460 Griggs St Detroit, MI 2.0 1.0 910 $950 $1.04 24d 1 0.56mi
20245 Manor Detroit, MI 3.0 1.5 1018 $1,400 $1.38 42d 1 0.57mi
20445 Kentucky St Detroit, MI 3.0 1.0 1046 $1,200 $1.15 73d 1 0.58mi
20429 Monte Vista St Detroit, MI 3.0 1.0 872 $1,300 $1.49 66d 1 0.59mi
18675 Meyers Rd Unit 18677 Detroit, MI 2.0 1.0 942 $1,100 $1.17 93d 1 0.61mi
20110 Northlawn St Detroit, MI 3.0 1.0 1100 $1,350 $1.23 66d 1 0.61mi
20515 Ilene St Detroit, MI 3.0 1.0 891 $1,450 $1.63 93d 1 0.61mi
20458 Indiana St Detroit, MI 3.0 1.0 1049 $1,300 $1.24 67d 1 0.62mi
20045 Greenlawn St Detroit, MI 3.0 1.0 925 $1,350 $1.46 93d 1 0.68mi
18472 Meyers Rd Detroit, MI 2.0 1.0 918 $1,295 $1.41 38d 1 0.70mi
18301 Birwood St Detroit, MI 3.0 1.0 925 $1,475 $1.59 23d 1 0.72mi
19928 Santa Barbara Dr Detroit, MI 3.0 1.0 865 $1,250 $1.45 23d 1 0.81mi
19474 Schaefer Hwy Detroit, MI 2.0 1.0 896 $950 $1.06 25d 1 0.83mi
18260 Sorrento St Detroit, MI 3.0 1.5 1500 $1,500 $1.00 23d 1 0.91mi
19300 Lesure St Detroit, MI 2.0 1.0 928 $1,150 $1.24 21d 1 0.98mi
18512 Schaefer Hwy Detroit, MI 2.0 1.0 962 $1,200 $1.25 73d 1 1.01mi
17540 Pinehurst St Detroit, MI 3.0 1.0 1200 $1,450 $1.21 29d 1 1.04mi
20426 Tracey St Detroit, MI 3.0 1.0 1200 $1,200 $1.00 73d 1 1.04mi
21374 Ithaca Ave Ferndale, MI 3.0 1.0 996 $1,775 $1.78 73d 1 1.08mi
20038 Santa Rosa Dr Detroit, MI 3.0 1.0 927 $1,300 $1.40 66d 1 1.09mi
20400 Monica St Detroit, MI 4.0 2.0 1450 $1,500 $1.03 23d 1 1.12mi
17606 Roselawn St Detroit, MI 2.0 1.0 1300 $1,200 $0.92 38d 1 1.12mi
18283 Tracey St Detroit, MI 3.0 1.0 1200 $1,600 $1.33 15d 1 1.18mi
19031 Livernois Unit F Detroit, MI 2.0 2.0 1100 $2,135 $1.94 93d 1 1.19mi
20042 Freeland St Detroit, MI 3.0 1.5 1445 $1,300 $0.90 47d 1 1.19mi
17150 Meyers Rd Detroit, MI 1.0–2.0 1.0 775 $975 $1.26 93d 2 1.27mi
17195 Northlawn St #1 Detroit, MI 2.0 1.0 1200 $1,100 $0.92 69d 1 1.32mi
17195 Northlawn St #2 Detroit, MI 2.0 1.0 1200 $1,050 $0.88 73d 1 1.32mi
17368 Woodingham Dr Detroit, MI 3.0 1.5 1200 $1,800 $1.50 93d 1 1.32mi
18010 Lesure St Detroit, MI 3.0 1.0 1010 $1,425 $1.41 21d 1 1.33mi
17159 Northlawn St Unit 17161 Detroit, MI 2.0 1.0 1122 $975 $0.87 54d 1 1.35mi
631 Shasta Pl Ferndale, MI 3.0 2.0 1317 $2,100 $1.59 93d 1 1.36mi

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. 2026-08-08
    days on market $100,000 Active 96 DOM
  2. 2026-08-06
    days on market $100,000 Active 94 DOM
  3. 2026-08-05
    days on market $100,000 Active 93 DOM
  4. 2026-08-04
    days on market $100,000 Active 92 DOM
  5. 2026-08-03
    days on market $100,000 Active 91 DOM
  6. 2026-07-31
    days on market $100,000 Active 88 DOM
  7. 2026-07-30
    days on market $100,000 Active 87 DOM
  8. 2026-07-30
    days on market $100,000 Active 86 DOM
  9. 2026-07-28
    days on market $100,000 Active 85 DOM
  10. 2026-07-26
    days on market $100,000 Active 83 DOM
  11. 2026-07-24
    days on market $100,000 Active 81 DOM
  12. 2026-07-23
    days on marketlisting id $100,000 Active 80 DOM
  13. 2026-07-23
    days on market $100,000 Active 81 DOM
  14. 2026-07-22
    days on market $100,000 Active 80 DOM
  15. 2026-07-21
    days on market $100,000 Active 79 DOM
  16. 2026-07-20
    days on market $100,000 Active 78 DOM
  17. 2026-07-18
    days on market $100,000 Active 76 DOM
  18. 2026-07-18
    days on market $100,000 Active 75 DOM
  19. 2026-07-16
    days on market $100,000 Active 74 DOM
  20. 2026-07-15
    days on market $100,000 Active 73 DOM
  21. 2026-07-14
    days on market $100,000 Active 72 DOM
  22. 2026-07-13
    days on market $100,000 Active 71 DOM
  23. 2026-07-13
    days on market $100,000 Active 70 DOM
  24. 2026-07-11
    days on market $100,000 Active 69 DOM
  25. 2026-07-10
    days on market $100,000 Active 68 DOM
  26. 2026-07-09
    days on market $100,000 Active 67 DOM
  27. 2026-07-07
    pricedays on market $100,000 Active 65 DOM
  28. 2026-07-06
    days on market $108,000 Active 64 DOM
  29. 2026-07-06
    days on market $108,000 Active 63 DOM
  30. 2026-07-05
    days on market $108,000 Active 62 DOM
  31. 2026-07-03
    days on market $108,000 Active 61 DOM
  32. 2026-07-02
    days on market $108,000 Active 60 DOM
  33. 2026-07-01
    days on market $108,000 Active 59 DOM
  34. 2026-06-30
    days on market $108,000 Active 58 DOM
  35. 2026-06-29
    days on market $108,000 Active 57 DOM
  36. 2026-06-28
    days on market $108,000 Active 56 DOM
  37. 2026-06-27
    days on market $108,000 Active 55 DOM
  38. 2026-06-26
    days on market $108,000 Active 54 DOM
  39. 2026-06-24
    days on market $108,000 Active 52 DOM
  40. 2026-06-22
    days on market $108,000 Active 50 DOM
  41. 2026-06-21
    days on market $108,000 Active 49 DOM
  42. 2026-06-18
    days on market $108,000 Active 46 DOM
  43. 2026-06-17
    days on market $108,000 Active 45 DOM
  44. 2026-06-15
    days on market $108,000 Active 43 DOM
  45. 2026-06-13
    days on market $108,000 Active 41 DOM
  46. 2026-06-13
    days on market $108,000 Active 40 DOM
  47. 2026-06-09
    days on market $108,000 Active 37 DOM
  48. 2026-06-08
    days on market $108,000 Active 36 DOM
  49. 2026-06-07
    days on market $108,000 Active 35 DOM
  50. 2026-06-04
    days on market $108,000 Active 32 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
$16,301
− Mortgage interest
−$5,602
− Property taxes
−$1,500
− Insurance
−$500
− Repairs & maintenance
−$1,304
− Management
−$1,304
− Depreciation
−$2,909
Taxable income
$3,182
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$764
After-tax cash flow
$3,821/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…