15847 Asbury Park Park · Detroit, MI 48227

$74,900

2 bd · 1.0 ba · 1,164 sqft · SingleFamily public records · 114 Days on market

Built 1940 $64/sqft · 21% below area ↓ 35% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming brick ranch alert! Whether you're a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

Key facts

• Covered sunporch
• Finished basement
• Fenced backyard

Tags

• FINISHED BASEMENT
• FENCED BACKYARD
• COVERED SUNPORCH
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $492 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $68k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.2% 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 (+5.6%/yr); 391 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• This rent runs 43% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 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 + 5.6% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y ago; this cycle's ask has dropped $13k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,159 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 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 1940 — 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: 1.73% ✓
• Cap rate: 14.18%
• Cash-on-cash: 28.17%
• DSCR: 2.25
• GRM: 4.8

CMA / ARV

• ARV (median comp): $152,059
• List price: $74,900
• Delta: -50.74%
• 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
15800 Biltmore St	0.08mi	3/2.5 (+1)	1,188 (+2%)	3mo	$112,000	$94	79
15725 Asbury Park	0.14mi	3/2.0 (+1)	1,206 (+4%)	2mo	$80,200	$67	76
15508 Saint Marys St	0.24mi	3/1.0 (+1)	1,100 (-6%)	0mo	$59,900	$54	75
15316 Prevost St NE	0.50mi	2/1.5	1,193 (+2%)	2mo	$157,000	$132	69
16709 Lindsay St	0.41mi	3/1.0 (+1)	1,218 (+5%)	2mo	$124,888	$103	66
16818 Gilchrist St	0.49mi	3/1.0 (+1)	1,190 (+2%)	3mo	$83,000	$70	66
16727 Mansfield St	0.41mi	3/1.5 (+1)	1,207 (+4%)	3mo	$165,000	$137	66
15771 Rutherford St	0.24mi	3/1.0 (+1)	1,289 (+11%)	1mo	$55,106	$43	65
15727 Mansfield St	0.22mi	3/1.5 (+1)	1,300 (+12%)	3mo	$55,000	$42	61
14736 Mansfield St	0.73mi	3/1.0 (+1)	1,318 (+13%)	0mo	$62,000	$47	39
15328 Prest St E	0.70mi	3/1.5 (+1)	1,298 (+12%)	3mo	$66,999	$52	39
15868 Whitcomb St	0.66mi	3/1.0 (+1)	1,332 (+14%)	2mo	$95,000	$71	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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 25.3%
• Equity multiple: 2.08×
• Total profit: $22,707
• Equity at exit: $11,168

10-year hold

• IRR: 34.6%
• Equity multiple: 4.59×
• Total profit: $75,239
• Equity at exit: $6,476

Cash invested: $20,972 (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 48227

• Rents YoY: 5.6%
• Active inventory: 391
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,295 high
• Mortgage (P&I): −$393
• Tax from tax record: −$107 /mo · $1,280/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $492

Break-even live

Break-even rent $672

Max offer price $74,900

Occupancy floor 57%

Sensitivity live

Price	-10% $535	-5% $513	+0% $492	+5% $471	+10% $450
Rent	-10% $390	-5% $441	+0% $492	+5% $543	+10% $595
Rate	-1.0pp $530	-0.5pp $511	base $492	+0.5pp $473	+1.0pp $453

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	17d	1	0.12mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	25d	1	0.20mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	6d	1	0.26mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	25d	1	0.27mi
15332 Saint Marys St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	17d	1	0.37mi
15065 Gilchrist St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	0.43mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	44d	1	0.64mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	6d	1	0.71mi
14753 Saint Marys St Detroit, MI	2.0	1.0	900	$1,150	$1.28	13d	1	0.71mi
17201 Saint Marys St Detroit, MI	2.0	1.0	1200	$1,200	$1.00	3d	1	0.72mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	3d	1	0.73mi
14836 Rutherford St Unit 2 Detroit, MI	2.0	1.0	1104	$950	$0.86	44d	1	0.73mi
15468 Sussex St #2 Detroit, MI	2.0	1.0	900	$1,250	$1.39	44d	1	0.75mi
14716 Archdale St Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	0.76mi
15100 Whitcomb St Detroit, MI	2.0	1.0	750	$925	$1.23	44d	1	0.79mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	16d	1	0.83mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	25d	1	0.84mi
14893 Prest St Detroit, MI	3.0	1.0	1100	$1,000	$0.91	16d	1	0.85mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	25d	1	0.85mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	13d	1	0.85mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	25d	1	0.85mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	19d	1	0.85mi
14535 Mettetal St Unit 1 Detroit, MI	2.0	1.0	965	$1,000	$1.04	44d	1	0.85mi
14580 Forrer St Unit Unit Detroit, MI	2.0	1.0	1300	$900	$0.69	21d	1	0.92mi
14615 Winthrop St Detroit, MI	2.0	1.0	1217	$1,300	$1.07	17d	1	0.95mi
14834 Sussex St Unit 3 Detroit, MI	1.0	1.0	800	$800	$1.00	44d	1	0.99mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	44d	1	1.01mi
16823 Stahelin Ave Detroit, MI	3.0	2.5	1500	$1,600	$1.07	19d	1	1.04mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	17d	1	1.15mi
15073 Strathmoor St Detroit, MI	2.0	1.0	860	$1,350	$1.57	17d	1	1.16mi
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	17d	1	1.19mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	44d	1	1.21mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	4d	1	1.26mi
14375 Terry St Detroit, MI	3.0	2.0	1300	$1,425	$1.10	44d	1	1.29mi
15829 Minock St Detroit, MI	3.0	1.5	1200	$1,550	$1.29	25d	1	1.29mi
17238 Shaftsbury Ave Detroit, MI	3.0	1.0	1200	$1,550	$1.29	44d	1	1.30mi
14264 Coyle St Detroit, MI	2.0	1.0	1000	$1,150	$1.15	44d	1	1.34mi
14559 Strathmoor St Detroit, MI	2.0	1.0	1033	$1,150	$1.11	21d	1	1.35mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	6d	1	1.35mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	12d	1	1.37mi

Listing history 34 events

1. 2026-06-17
   status $74,900 Pending 114 DOM
2. 2026-06-17
   days on market $74,900 Active 114 DOM
3. 2026-06-15
   days on market $74,900 Active 112 DOM
4. 2026-06-13
   days on market $74,900 Active 110 DOM
5. 2026-06-13
   days on market $74,900 Active 109 DOM
6. 2026-06-09
   days on market $74,900 Active 106 DOM
7. 2026-06-08
   days on market $74,900 Active 105 DOM
8. 2026-06-07
   days on market $74,900 Active 104 DOM
9. 2026-06-04
   days on market $74,900 Active 101 DOM
10. 2026-06-03
    days on market $74,900 Active 100 DOM
11. 2026-06-01
    days on market $74,900 Active 98 DOM
12. 2026-05-31
    days on market $74,900 Active 97 DOM
13. 2026-05-16
    price $74,900 801-char remark

    Show marketing remark (801 chars)

    Charming brick ranch alert! Whether you're a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

14. 2026-05-15
    price $74,900 809-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

15. 2026-04-19
    price $77,000 801-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

16. 2026-04-19
    price $77,000 809-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

17. 2026-04-01
    price $82,000 801-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

18. 2026-04-01
    price $82,000 809-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

19. 2026-03-13
    price $85,000 801-char remark

    Show marketing remark (801 chars)

    Charming brick ranch alert! Whether you're a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

20. 2026-03-12
    price $85,000 809-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

21. 2026-02-26
    status Active 801-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

22. 2026-02-26
    status Active 809-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

23. 2026-02-25
    status Pending 801-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

24. 2026-02-25
    status Pending 809-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

25. 2026-02-18
    listed $87,900 Active 801-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

26. 2026-02-18
    listed $87,900 Active 809-char remark

    Show marketing remark (809 chars)

    Charming brick ranch alert! Whether you’re a first-time buyer or a savvy investor, this home offers incredible potential in a prime location. Featuring 2 bedrooms, 1 bath, and a cozy fireplace, the layout is enhanced by a finished basement for extra living space. Enjoy outdoor living with a spacious fenced backyard, a covered sunporch, and a convenient 2-car detached garage. Bring your vision and a few updates to transform this solid house into your dream home or a high-performing rental asset. Key Details: Sold AS-IS. Buyer to pay a $495 compliance fee at closing. All measurements are approximate; Buyer/Agent to verify all information. Schedule your tour via ShowingTime today (licensed agent must be present). Showings: Weekdays 5:00-7:00 pm Saturdays: No Showings Sundays: 12:00 pm-4:00 pm.

27. 2006-03-21
    soldstatus $95,000
28. 2006-01-27
    soldstatus $95,000
29. 2006-01-27
    soldstatus $95,000
30. 2005-12-21
    historical
31. 2005-10-03
    listed $89,900
32. 2005-02-18
    historical
33. 2005-02-09
    listed $89,900
34. 2005-02-02
    listed $115,000

ⓘ 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: $1,280 · $107/mo
• Projected year-2 tax: $1,280 · $107/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 3/10 Moderate 7 d/yr ≥98°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: $15,539
• − Mortgage interest: −$4,196
• − Property taxes: −$1,280
• − Insurance: −$374
• − Repairs & maintenance: −$1,243
• − Management: −$1,243
• − Depreciation: −$2,179
• Taxable income: $5,023
• Est. tax owed @ 24.0%: −$1,206
• After-tax cash flow: $4,702/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

-34.9% since first listed

22 events — show timeline

• 2026-05-16 Price Changed $74,900 MiRealSource-MiMLS
• 2026-05-15 Price Changed $74,900 REALCOMP
• 2026-04-19 Price Changed $77,000 MiRealSource-MiMLS
• 2026-04-19 Price Changed $77,000 REALCOMP
• 2026-04-01 Price Changed $82,000 MiRealSource-MiMLS
• 2026-04-01 Price Changed $82,000 REALCOMP
• 2026-03-13 Price Changed $85,000 MiRealSource-MiMLS
• 2026-03-12 Price Changed $85,000 REALCOMP
• 2026-02-26 Relisted — MiRealSource-MiMLS
• 2026-02-26 Relisted — REALCOMP
• 2026-02-25 Pending — MiRealSource-MiMLS
• 2026-02-25 Pending — REALCOMP
• 2026-02-18 Listed $87,900 REALCOMP
• 2026-02-18 Listed $87,900 MiRealSource-MiMLS
• 2006-03-21 Sold (Public Records) $95,000 Public Records
• 2006-01-27 Sold (MLS) $95,000 REALCOMP
• 2006-01-27 Sold (MLS) $95,000 MiRealSource-MiMLS
• 2005-12-21 Listing Removed — MiRealSource-MiMLS
• 2005-10-03 Listed $89,900 MiRealSource-MiMLS
• 2005-02-18 Listing Removed — REALCOMP
• 2005-02-09 Listed $89,900 REALCOMP
• 2005-02-02 Listed $115,000 REALCOMP

Property tax history

-3.2%/yr

Latest (2025): $1,280 · -55.4% YoY. Source: county tax records.