16634 Cruse St · Detroit, MI 48235

$69,900

4 bd · 1.0 ba · 1,179 sqft · SingleFamily public records · 66 Days on market

Built 1930 4,356 sqft lot $59/sqft · 19% below area Est $86k · 19% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 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

Positioned at 16634 Cruse Street in Detroit, this single-family home offers a straightforward, flexible layout in a great neighborhood. With 3 bedrooms, hardwood floors, and an upstairs space that can adapt as your needs evolve, it is the type of property that supports long-term ownership with room to add functionality over time. Updated electrical and plumbing add confidence for buyers focused on reliability and reduced maintenance. Inside, you have 1,180 sq ft arranged for comfortable daily living, with 3 bedrooms and 1 bath. Hardwood floors bring durability and a clean, classic feel across the main living spaces, helping the home show well while keeping upkeep simple. The upstairs room remains a standout feature and can be easily split to create a fourth bedroom, giving you a clear path to reconfigure the floor plan to match demand and maximize how the home is used. Outdoors, the 4,443 sq ft lot offers manageable space that is easy to maintain while still providing breathing room for everyday use. Whether you want a low-hassle yard that stays neat with minimal effort or a simple outdoor area to enjoy without taking on a major landscaping project, the lot size strikes a practical balance for long-term living and ownership. If you are looking for a Detroit single-family home with solid fundamentals, hardwood floors, updated electrical and plumbing, and a built-in value-add angle through the upstairs room conversion, this one is worth a closer look. Schedule a showing and see how 16634 Cruse Street fits your plan.

Key facts

• Updated electrical
• Manageable space
• Flexible layout

Tags

• FLEXIBLE LAYOUT
• UPDATED ELECTRICAL
• UPDATED PLUMBING
• UPSTAIRS SPACE
• MANAGEABLE SPACE
• LOW HASSLE YARD

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $581 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.3% 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 (+3.2%/yr); 290 active listings in the ZIP; 40 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 $1,494/mo this rent would consume 46% 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 $483 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 ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 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 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.14% ✓
• Cap rate: 16.27%
• Cash-on-cash: 35.64%
• DSCR: 2.59
• GRM: 3.9

CMA / ARV

• ARV (median comp): $85,883
• List price: $69,900
• Delta: -15.58%
• 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
16863 Tracey St	0.19mi	3/2.0 (-1)	1,200 (+2%)	2mo	$165,000	$138	77
16180 Snowden St	0.39mi	3/1.0 (-1)	1,137 (-4%)	0mo	$61,000	$54	70
16176 Tracey St	0.27mi	3/2.0 (-1)	1,270 (+8%)	0mo	$70,000	$55	65
15824 Snowden St	0.52mi	3/1.0 (-1)	1,127 (-4%)	0mo	$61,000	$54	63
15824 Snowden St	0.52mi	3/1.0 (-1)	1,127 (-4%)	0mo	$61,000	$54	63
15770 Stansbury St	0.46mi	3/1.0 (-1)	1,100 (-7%)	1mo	$50,000	$45	62
18034 Tracey St	0.63mi	4/1.0	1,116 (-5%)	2mo	$118,600	$106	60
17531 Ardmore St	0.50mi	4/2.0	1,304 (+11%)	2mo	$195,000	$150	53
17147 Appoline St	0.68mi	3/2.0 (-1)	1,100 (-7%)	1mo	$170,000	$155	47
15430 Mark Twain St	0.66mi	3/1.0 (-1)	1,026 (-13%)	1mo	$95,000	$93	42
16516 Appoline St	0.67mi	3/1.0 (-1)	1,350 (+14%)	1mo	$39,500	$29	38
15868 Whitcomb St	0.74mi	3/1.0 (-1)	1,332 (+13%)	2mo	$95,000	$71	37

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: 31.7%
• Equity multiple: 2.34×
• Total profit: $26,164
• Equity at exit: $10,422

10-year hold

• IRR: 39.0%
• Equity multiple: 4.70×
• Total profit: $72,387
• Equity at exit: $6,044

Cash invested: $19,572 (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: 290
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,494 high
• Mortgage (P&I): −$367
• Tax from tax record: −$203 /mo · $2,440/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $581

Break-even live

Break-even rent $758

Max offer price $69,900

Occupancy floor 56%

Sensitivity live

Price	-10% $621	-5% $601	+0% $581	+5% $561	+10% $542
Rent	-10% $463	-5% $522	+0% $581	+5% $640	+10% $699
Rate	-1.0pp $616	-0.5pp $599	base $581	+0.5pp $563	+1.0pp $545

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	12d	1	0.16mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	18d	1	0.51mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	16d	1	0.56mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,550	$1.53	25d	1	0.57mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.64mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	45d	1	0.66mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	13d	1	0.74mi
18257 Mark Twain St Detroit, MI	3.0	1.0	1185	$1,507	$1.27	18d	1	0.75mi
15738 Sorrento Ave Detroit, MI	3.0	1.0	762	$1,175	$1.54	45d	1	0.78mi
16837 Winthrop St Detroit, MI	5.0	2.0	1500	$2,000	$1.33	21d	1	0.87mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	18d	1	0.88mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	0.94mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	25d	1	0.94mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	25d	1	0.94mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	13d	1	0.94mi
17540 Pinehurst St Detroit, MI	3.0	1.0	1200	$1,395	$1.16	45d	1	1.00mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	3d	1	1.03mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	18d	1	1.07mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	45d	1	1.10mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	20d	1	1.13mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	18d	1	1.15mi
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	6d	1	1.16mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	25d	1	1.17mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	6d	1	1.17mi
14847 Cheyenne St Detroit, MI	3.0	2.0	849	$1,150	$1.35	19d	1	1.20mi
18964 Coyle St Detroit, MI	3.0	1.0	1300	$1,350	$1.04	4d	1	1.22mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	4d	1	1.24mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	18d	1	1.24mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	45d	1	1.25mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	45d	1	1.28mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	25d	1	1.30mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	16d	1	1.30mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	4d	1	1.31mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	4d	1	1.33mi
18675 Forrer St Detroit, MI	3.0	1.0	1200	$1,225	$1.02	6d	1	1.36mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	18d	1	1.39mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	45d	1	1.40mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	25d	1	1.41mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	18d	1	1.47mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	45d	1	1.48mi

Listing history 41 events

1. 2026-06-21
   pricedays on market $69,900 Active 66 DOM
2. 2026-06-18
   days on market $72,500 Active 63 DOM
3. 2026-06-17
   days on market $72,500 Active 62 DOM
4. 2026-06-15
   days on market $72,500 Active 60 DOM
5. 2026-06-13
   days on market $72,500 Active 58 DOM
6. 2026-06-13
   days on market $72,500 Active 57 DOM
7. 2026-06-09
   days on market $72,500 Active 54 DOM
8. 2026-06-08
   days on market $72,500 Active 53 DOM
9. 2026-06-07
   days on market $72,500 Active 52 DOM
10. 2026-06-04
    days on market $72,500 Active 49 DOM
11. 2026-06-03
    pricedays on market $72,500 Active 48 DOM
12. 2026-06-02
    days on market $74,900 Active 47 DOM
13. 2026-06-01
    days on market $74,900 Active 46 DOM
14. 2026-05-31
    days on market $74,900 Active 45 DOM
15. 2026-05-14
    price $76,900 1539-char remark

    Show marketing remark (1539 chars)

    Positioned at 16634 Cruse Street in Detroit, this single-family home offers a straightforward, flexible layout in a great neighborhood. With 3 bedrooms, hardwood floors, and an upstairs space that can adapt as your needs evolve, it is the type of property that supports long-term ownership with room to add functionality over time. Updated electrical and plumbing add confidence for buyers focused on reliability and reduced maintenance. Inside, you have 1,180 sq ft arranged for comfortable daily living, with 3 bedrooms and 1 bath. Hardwood floors bring durability and a clean, classic feel across the main living spaces, helping the home show well while keeping upkeep simple. The upstairs room remains a standout feature and can be easily split to create a fourth bedroom, giving you a clear path to reconfigure the floor plan to match demand and maximize how the home is used. Outdoors, the 4,443 sq ft lot offers manageable space that is easy to maintain while still providing breathing room for everyday use. Whether you want a low-hassle yard that stays neat with minimal effort or a simple outdoor area to enjoy without taking on a major landscaping project, the lot size strikes a practical balance for long-term living and ownership. If you are looking for a Detroit single-family home with solid fundamentals, hardwood floors, updated electrical and plumbing, and a built-in value-add angle through the upstairs room conversion, this one is worth a closer look. Schedule a showing and see how 16634 Cruse Street fits your plan.

16. 2026-05-14
    price $76,900 1539-char remark

    Show marketing remark (1539 chars)

    Positioned at 16634 Cruse Street in Detroit, this single-family home offers a straightforward, flexible layout in a great neighborhood. With 3 bedrooms, hardwood floors, and an upstairs space that can adapt as your needs evolve, it is the type of property that supports long-term ownership with room to add functionality over time. Updated electrical and plumbing add confidence for buyers focused on reliability and reduced maintenance. Inside, you have 1,180 sq ft arranged for comfortable daily living, with 3 bedrooms and 1 bath. Hardwood floors bring durability and a clean, classic feel across the main living spaces, helping the home show well while keeping upkeep simple. The upstairs room remains a standout feature and can be easily split to create a fourth bedroom, giving you a clear path to reconfigure the floor plan to match demand and maximize how the home is used. Outdoors, the 4,443 sq ft lot offers manageable space that is easy to maintain while still providing breathing room for everyday use. Whether you want a low-hassle yard that stays neat with minimal effort or a simple outdoor area to enjoy without taking on a major landscaping project, the lot size strikes a practical balance for long-term living and ownership. If you are looking for a Detroit single-family home with solid fundamentals, hardwood floors, updated electrical and plumbing, and a built-in value-add angle through the upstairs room conversion, this one is worth a closer look. Schedule a showing and see how 16634 Cruse Street fits your plan.

17. 2026-05-03
    price $77,000 1539-char remark

    Show marketing remark (1539 chars)

    Positioned at 16634 Cruse Street in Detroit, this single-family home offers a straightforward, flexible layout in a great neighborhood. With 3 bedrooms, hardwood floors, and an upstairs space that can adapt as your needs evolve, it is the type of property that supports long-term ownership with room to add functionality over time. Updated electrical and plumbing add confidence for buyers focused on reliability and reduced maintenance. Inside, you have 1,180 sq ft arranged for comfortable daily living, with 3 bedrooms and 1 bath. Hardwood floors bring durability and a clean, classic feel across the main living spaces, helping the home show well while keeping upkeep simple. The upstairs room remains a standout feature and can be easily split to create a fourth bedroom, giving you a clear path to reconfigure the floor plan to match demand and maximize how the home is used. Outdoors, the 4,443 sq ft lot offers manageable space that is easy to maintain while still providing breathing room for everyday use. Whether you want a low-hassle yard that stays neat with minimal effort or a simple outdoor area to enjoy without taking on a major landscaping project, the lot size strikes a practical balance for long-term living and ownership. If you are looking for a Detroit single-family home with solid fundamentals, hardwood floors, updated electrical and plumbing, and a built-in value-add angle through the upstairs room conversion, this one is worth a closer look. Schedule a showing and see how 16634 Cruse Street fits your plan.

18. 2026-05-02
    price $77,000 1539-char remark

    Show marketing remark (1539 chars)

    Positioned at 16634 Cruse Street in Detroit, this single-family home offers a straightforward, flexible layout in a great neighborhood. With 3 bedrooms, hardwood floors, and an upstairs space that can adapt as your needs evolve, it is the type of property that supports long-term ownership with room to add functionality over time. Updated electrical and plumbing add confidence for buyers focused on reliability and reduced maintenance. Inside, you have 1,180 sq ft arranged for comfortable daily living, with 3 bedrooms and 1 bath. Hardwood floors bring durability and a clean, classic feel across the main living spaces, helping the home show well while keeping upkeep simple. The upstairs room remains a standout feature and can be easily split to create a fourth bedroom, giving you a clear path to reconfigure the floor plan to match demand and maximize how the home is used. Outdoors, the 4,443 sq ft lot offers manageable space that is easy to maintain while still providing breathing room for everyday use. Whether you want a low-hassle yard that stays neat with minimal effort or a simple outdoor area to enjoy without taking on a major landscaping project, the lot size strikes a practical balance for long-term living and ownership. If you are looking for a Detroit single-family home with solid fundamentals, hardwood floors, updated electrical and plumbing, and a built-in value-add angle through the upstairs room conversion, this one is worth a closer look. Schedule a showing and see how 16634 Cruse Street fits your plan.

19. 2026-04-16
    listed $79,900 Active 1539-char remark

    Show marketing remark (1539 chars)

    Positioned at 16634 Cruse Street in Detroit, this single-family home offers a straightforward, flexible layout in a great neighborhood. With 3 bedrooms, hardwood floors, and an upstairs space that can adapt as your needs evolve, it is the type of property that supports long-term ownership with room to add functionality over time. Updated electrical and plumbing add confidence for buyers focused on reliability and reduced maintenance. Inside, you have 1,180 sq ft arranged for comfortable daily living, with 3 bedrooms and 1 bath. Hardwood floors bring durability and a clean, classic feel across the main living spaces, helping the home show well while keeping upkeep simple. The upstairs room remains a standout feature and can be easily split to create a fourth bedroom, giving you a clear path to reconfigure the floor plan to match demand and maximize how the home is used. Outdoors, the 4,443 sq ft lot offers manageable space that is easy to maintain while still providing breathing room for everyday use. Whether you want a low-hassle yard that stays neat with minimal effort or a simple outdoor area to enjoy without taking on a major landscaping project, the lot size strikes a practical balance for long-term living and ownership. If you are looking for a Detroit single-family home with solid fundamentals, hardwood floors, updated electrical and plumbing, and a built-in value-add angle through the upstairs room conversion, this one is worth a closer look. Schedule a showing and see how 16634 Cruse Street fits your plan.

20. 2026-04-16
    listed $79,900 Active 1539-char remark

    Show marketing remark (1539 chars)

    Positioned at 16634 Cruse Street in Detroit, this single-family home offers a straightforward, flexible layout in a great neighborhood. With 3 bedrooms, hardwood floors, and an upstairs space that can adapt as your needs evolve, it is the type of property that supports long-term ownership with room to add functionality over time. Updated electrical and plumbing add confidence for buyers focused on reliability and reduced maintenance. Inside, you have 1,180 sq ft arranged for comfortable daily living, with 3 bedrooms and 1 bath. Hardwood floors bring durability and a clean, classic feel across the main living spaces, helping the home show well while keeping upkeep simple. The upstairs room remains a standout feature and can be easily split to create a fourth bedroom, giving you a clear path to reconfigure the floor plan to match demand and maximize how the home is used. Outdoors, the 4,443 sq ft lot offers manageable space that is easy to maintain while still providing breathing room for everyday use. Whether you want a low-hassle yard that stays neat with minimal effort or a simple outdoor area to enjoy without taking on a major landscaping project, the lot size strikes a practical balance for long-term living and ownership. If you are looking for a Detroit single-family home with solid fundamentals, hardwood floors, updated electrical and plumbing, and a built-in value-add angle through the upstairs room conversion, this one is worth a closer look. Schedule a showing and see how 16634 Cruse Street fits your plan.

21. 2023-10-04
    soldstatus $50,000 Sold
22. 2023-10-04
    soldstatus $50,000 Closed
23. 2023-08-22
    status Pending
24. 2023-08-22
    status Pending
25. 2023-07-22
    price $45,000
26. 2023-07-22
    price $45,000
27. 2023-07-13
    price $49,900
28. 2023-07-13
    price $49,900
29. 2023-07-11
    price $54,900
30. 2023-07-11
    price $54,900
31. 2023-06-26
    price $59,900
32. 2023-06-26
    price $59,900
33. 2023-06-26
    status Active
34. 2023-06-26
    status Active
35. 2023-06-14
    status Pending
36. 2023-06-14
    status Pending
37. 2023-05-14
    listed $89,900 Active
38. 2023-05-14
    listed $89,900 Active
39. 2018-05-11
    soldstatus $49,320
40. 1999-03-04
    soldstatus $36,223
41. 1994-06-03
    soldstatus $10,371

ⓘ 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: $2,440 · $203/mo
• Projected year-2 tax: $2,440 · $203/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 2/10 Low 7 d/yr ≥98°F today · 14 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: $17,928
• − Mortgage interest: −$3,915
• − Property taxes: −$2,440
• − Insurance: −$350
• − Repairs & maintenance: −$1,434
• − Management: −$1,434
• − Depreciation: −$2,033
• Taxable income: $6,321
• Est. tax owed @ 24.0%: −$1,517
• After-tax cash flow: $5,458/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

+641.5% since first listed

27 events — show timeline

• 2026-05-14 Price Changed $76,900 MiRealSource-MiMLS
• 2026-05-14 Price Changed $76,900 REALCOMP
• 2026-05-03 Price Changed $77,000 MiRealSource-MiMLS
• 2026-05-02 Price Changed $77,000 REALCOMP
• 2026-04-16 Listed $79,900 REALCOMP
• 2026-04-16 Listed $79,900 MiRealSource-MiMLS
• 2023-10-04 Sold (MLS) $50,000 MiRealSource-MiMLS
• 2023-10-04 Sold (MLS) $50,000 REALCOMP
• 2023-08-22 Pending — REALCOMP
• 2023-08-22 Pending — MiRealSource-MiMLS
• 2023-07-22 Price Changed $45,000 MiRealSource-MiMLS
• 2023-07-22 Price Changed $45,000 REALCOMP
• 2023-07-13 Price Changed $49,900 MiRealSource-MiMLS
• 2023-07-13 Price Changed $49,900 REALCOMP
• 2023-07-11 Price Changed $54,900 MiRealSource-MiMLS
• 2023-07-11 Price Changed $54,900 REALCOMP
• 2023-06-26 Price Changed $59,900 MiRealSource-MiMLS
• 2023-06-26 Price Changed $59,900 REALCOMP
• 2023-06-26 Relisted — MiRealSource-MiMLS
• 2023-06-26 Relisted — REALCOMP
• 2023-06-14 Pending — MiRealSource-MiMLS
• 2023-06-14 Pending — REALCOMP
• 2023-05-14 Listed $89,900 MiRealSource-MiMLS
• 2023-05-14 Listed $89,900 REALCOMP
• 2018-05-11 Sold (Public Records) $49,320 Public Records
• 1999-03-04 Sold (Public Records) $36,223 Public Records
• 1994-06-03 Sold (Public Records) $10,371 Public Records

Property tax history

+5.3%/yr

Latest (2025): $2,440 · -54.4% YoY. Source: county tax records.