CashFlowRE
Sign in Sign up
16820 Harlow St
C Composite 58.98
Why this score? — see what drove the C 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
  • DSCR +10.0/10.0
  • 1% rule +8.2/10.0
  • Livability +3.7/5.0
  • Rent growth +3.3/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • ARV discount +0.0/15.0
  • Appreciation +0.0/10.0

$109,900

16820 Harlow St · Detroit, MI 48235
3 bd · 1.0 ba · 1,144 sqft · SingleFamily public records · 37 Days on market
Built 1941 4,356 sqft lot Est $87k · 26% over

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

Key facts

  • New lighting
  • Built-in cabinet
  • Baby blue cabinets

Tags

NEW LIGHTINGLVP FLOORING IN THE KITCHENFIREPLACEBUILT-IN CABINETNEW COUNTERTOPSBABY BLUE CABINETS

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

  • At list price, monthly cash flow is $411 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $110k).
  • Recommended offer: $107k (3.0% below list) — sets the bar for market timing.

Location & tenants

  • Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
  • Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising (+3.2%/yr); 283 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).
  • This rent runs 44% of the median local income ($39k/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 $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
  • At projected returns (-3.0% appreciation + 3.2% rent growth), your $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 37 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $12k; list at $110k implies a 816% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $106,603 (3.0% below list)

Questions for the listing agent

  1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.32%
Cap rate
10.78%
Cash-on-cash
16.02%
DSCR
1.71
GRM
6.3

CMA / ARV

ARV (on-the-fly)
$86,944
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
16818 Gilchrist St 0.18mi 3/1.0 1,190 (+4%) 3mo $83,000 $70 82
16773 Ferguson St 0.26mi 3/1.0 1,156 (+1%) 6mo $62,000 $54 81
16709 Lindsay St 0.16mi 3/1.0 1,218 (+6%) 2mo $124,888 $103 80
16199 Ferguson St 0.39mi 3/1.0 1,192 (+4%) 4mo $85,000 $71 72
17540 Asbury Park St 0.52mi 3/1.0 1,100 (-4%) 4mo $57,500 $52 66
16727 Mansfield St 0.48mi 3/1.5 1,207 (+6%) 3mo $165,000 $137 64
18217 Archdale St 0.63mi 3/1.0 1,085 (-5%) 0mo $82,000 $76 62
15800 Biltmore St 0.56mi 3/2.5 1,188 (+4%) 3mo $112,000 $94 59
15725 Asbury Park 0.69mi 3/2.0 1,206 (+5%) 2mo $80,200 $67 53
17355 Saint Marys St 0.50mi 3/1.0 1,000 (-13%) 5mo $55,000 $55 52
16839 Prevost St 0.59mi 3/1.0 1,272 (+11%) 6mo $135,000 $106 49
15751 Biltmore St 0.63mi 3/1.0 1,000 (-13%) 5mo $119,000 $119 46

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
7.2%
Equity multiple
1.28×
Total profit
$8,738
Equity at exit
$16,386
10-year hold
IRR
16.8%
Equity multiple
2.39×
Total profit
$42,852
Equity at exit
$9,502

Cash invested: $30,772 (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.

ZIP-level market 48235

Rents YoY
3.2%
Active inventory
283
Price-to-rent
6.3×

Monthly cashflow live

Estimated rent
$1,452 high interval (Pro) →
Mortgage (P&I)
$576
Tax from tax record
$114 /mo · $1,372/yr
Insurance
$46
HOA
$0
Vacancy / Maint / Mgmt
$305
Net cashflow
$411

Break-even live

Break-even rent $932
Max offer price $109,900
Occupancy floor 67%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$27,475
Closing costs
$3,297
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
16876 Harlow Ave Unit (NO) Detroit, MI 3.0 1.0 1250 $1,350 $1.08 43d 1 0.07mi
16535 Asbury Park Detroit, MI 3.0 1.5 1152 $1,450 $1.26 24d 1 0.37mi
16210 Ferguson St Detroit, MI 4.0 2.0 1493 $1,750 $1.17 3d 1 0.39mi
17201 Saint Marys St Detroit, MI 2.0 1.0 1200 $1,200 $1.00 2d 1 0.46mi
17165 Prevost St Detroit, MI 3.0 1.0 1060 $2,400 $2.26 1d 1 0.61mi
16823 Stahelin Ave Detroit, MI 3.0 2.5 1500 $1,600 $1.07 17d 1 0.61mi
15736 Biltmore St Detroit, MI 3.0 1.5 1000 $1,200 $1.20 16d 1 0.63mi
15866 Mansfield St Detroit, MI 3.0 1.0 1324 $1,425 $1.08 24d 1 0.66mi
18276 Oakfield St Detroit, MI 2.0 1.0 726 $1,175 $1.62 43d 1 0.70mi
17654 Greenview Ave Detroit, MI 4.0 1.0 1377 $1,350 $0.98 16d 1 0.71mi
15752 Rutherford St Detroit, MI 3.0 2.0 1174 $1,386 $1.18 4d 1 0.79mi
17238 Shaftsbury Ave Detroit, MI 3.0 1.0 1200 $1,550 $1.29 43d 1 0.81mi
17654 Sunderland Rd Detroit, MI 3.0 1.0 1100 $1,500 $1.36 43d 1 0.83mi
18268 Mansfield St Detroit, MI 2.0 1.0 800 $1,200 $1.50 16d 1 0.84mi
18494 Ashton Ave Detroit, MI 3.0 1.0 1000 $1,600 $1.60 16d 1 0.89mi
15065 Gilchrist St Detroit, MI 3.0 1.0 1100 $1,250 $1.14 43d 1 0.91mi
18400 Rutherford St Detroit, MI 3.0 1.0 1050 $1,400 $1.33 3d 1 0.92mi
15332 Saint Marys St Detroit, MI 3.0 1.0 1200 $1,200 $1.00 16d 1 0.94mi
15375 Prevost St Detroit, MI 4.0 1.0 907 $1,300 $1.43 16d 1 0.96mi
18427 Greenfield Rd Detroit, MI 2.0 1.0 952 $980 $1.03 4d 1 1.10mi
15829 Minock St Detroit, MI 3.0 1.5 1200 $1,550 $1.29 24d 1 1.12mi
18452 Shaftsbury Ave Detroit, MI 3.0 1.0 927 $1,500 $1.62 16d 1 1.12mi
18675 Forrer St Detroit, MI 3.0 1.0 1200 $1,225 $1.02 4d 1 1.14mi
16151 Robson St Detroit, MI 3.0 1.0 1300 $1,525 $1.17 14d 1 1.15mi
14716 Archdale St Detroit, MI 2.0 1.0 900 $1,100 $1.22 43d 1 1.15mi
18481 Prest St Detroit, MI 3.0 1.5 1100 $1,300 $1.18 19d 1 1.18mi
16014 Hackett St Detroit, MI 4.0 2.0 1142 $1,500 $1.31 43d 1 1.21mi
15468 Sussex St #2 Detroit, MI 2.0 1.0 900 $1,250 $1.39 43d 1 1.22mi
15810 Robson St Detroit, MI 3.0 1.0 1142 $1,500 $1.31 24d 1 1.23mi
18659 Shaftsbury Ave Detroit, MI 3.0 1.0 763 $1,373 $1.80 12d 1 1.25mi
18450 Edinborough Rd Detroit, MI 3.0 1.0 1000 $1,500 $1.50 43d 1 1.25mi
14753 Saint Marys St Detroit, MI 2.0 1.0 900 $1,150 $1.28 12d 1 1.25mi
14753 Saint Marys St Detroit, MI 2.0 1.0 900 $1,150 $1.28 4d 1 1.25mi
18699 Shaftsbury Ave Detroit, MI 2.0 1.0 800 $1,000 $1.25 43d 1 1.28mi
15815 Evergreen Rd Detroit, MI 3.0 1.0 1350 $1,300 $0.96 43d 1 1.29mi
14836 Rutherford St Unit 2 Detroit, MI 2.0 1.0 1104 $950 $0.86 43d 1 1.30mi
15712 Evergreen Rd Detroit, MI 2.0 1.0 850 $1,050 $1.24 43d 1 1.31mi
15519 Plainview Ave Detroit, MI 3.0 1.0 900 $1,396 $1.55 16d 1 1.31mi
15100 Whitcomb St Detroit, MI 2.0 1.0 750 $925 $1.23 43d 1 1.33mi
15330 Coyle St Unit 2 Detroit, MI 3.0 1.0 1000 $1,450 $1.45 24d 1 1.36mi

Listing history 17 events

  1. 2026-04-20
    status Pending 952-char remark
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  2. 2026-04-20
    status Pending
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  3. 2026-03-27
    historical Active Under Contract
  4. 2026-03-27
    historical
  5. 2026-03-26
    historical Accepting Backup Offers 952-char remark
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  6. 2026-03-26
    historical Active Under Contract
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  7. 2026-03-17
    status Active
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  8. 2026-03-17
    status Active 952-char remark
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  9. 2026-03-15
    historical 952-char remark
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  10. 2026-03-11
    listed $109,900 Active 952-char remark
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  11. 2026-03-11
    listed $109,900 Active
    Show marketing remark (952 chars)

    Welcome to 16820 Harlow! A 3-bedroom, 1-bath bungalow offering 1,144 SQFT of living space. The home features refurbished original hardwood floors, fresh paint, and new lighting throughout, along with LVP flooring in the kitchen and upstairs room. The living room includes a fireplace, and the dining room features a built-in cabinet. The updated kitchen offers new countertops, baby blue cabinets, drawers, and a glass block window. The bathroom has been updated with a new vanity. Two ample-sized bedrooms are located on the main floor, with the third and largest bedroom upstairs. The finished attic bedroom includes its own central heating and cooling unit. The partially finished basement provides additional living space or storage. Step outside to a large fenced-in backyard with a wooden deck, perfect for relaxing or entertaining. The home also includes an ADT security system that is transferable to the buyer. Schedule a showing today! BTVAI.

  12. 2015-02-20
    soldstatus $12,000 Sold 179-char remark
    Show marketing remark (179 chars)

    BUYER TO TAKE CARE OF GETTING C. OF O. TRY TO AVOID LATE EVENING SHOWINGS AND NO SHOWINGS THURSDAYS UNTIL 1:00 P. M. OR LATER. ONE YEAR OLD FURNACE AND A/C. NEWER CIRCUIT BREAKERS

  13. 2015-02-20
    soldstatus $12,000
    Show marketing remark (179 chars)

    BUYER TO TAKE CARE OF GETTING C. OF O. TRY TO AVOID LATE EVENING SHOWINGS AND NO SHOWINGS THURSDAYS UNTIL 1:00 P. M. OR LATER. ONE YEAR OLD FURNACE AND A/C. NEWER CIRCUIT BREAKERS

  14. 2014-12-19
    historical 179-char remark
    Show marketing remark (179 chars)

    BUYER TO TAKE CARE OF GETTING C. OF O. TRY TO AVOID LATE EVENING SHOWINGS AND NO SHOWINGS THURSDAYS UNTIL 1:00 P. M. OR LATER. ONE YEAR OLD FURNACE AND A/C. NEWER CIRCUIT BREAKERS

  15. 2014-12-17
    historical
  16. 2014-12-09
    listed $13,900 Active 179-char remark
    Show marketing remark (179 chars)

    BUYER TO TAKE CARE OF GETTING C. OF O. TRY TO AVOID LATE EVENING SHOWINGS AND NO SHOWINGS THURSDAYS UNTIL 1:00 P. M. OR LATER. ONE YEAR OLD FURNACE AND A/C. NEWER CIRCUIT BREAKERS

  17. 2014-12-08
    listed $13,900

ⓘ 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
$1,372 · $114/mo
Projected year-2 tax
$1,532 · $128/mo
Expected delta
+$160/yr (+$13/mo · 11.7%)

ⓘ 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$17,428
− Mortgage interest
−$6,156
− Property taxes
−$1,372
− Insurance
−$550
− Repairs & maintenance
−$1,394
− Management
−$1,394
− Depreciation
−$3,197
Taxable income
$3,365
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$808
After-tax cash flow
$4,123/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

Price history

+690.6% since first listed
17 events — show timeline
  • 2026-04-20 Pending MiRealSource-MiMLS
  • 2026-04-20 Pending REALCOMP
  • 2026-03-27 Contingent REALCOMP
  • 2026-03-27 Listing Removed REALCOMP
  • 2026-03-26 Contingent MiRealSource-MiMLS
  • 2026-03-26 Contingent REALCOMP
  • 2026-03-17 Relisted REALCOMP
  • 2026-03-17 Relisted MiRealSource-MiMLS
  • 2026-03-15 Listing Removed MiRealSource-MiMLS
  • 2026-03-11 Listed $109,900 REALCOMP
  • 2026-03-11 Listed $109,900 MiRealSource-MiMLS
  • 2015-02-20 Sold (MLS) $12,000 MiRealSource-MiMLS
  • 2015-02-20 Sold (MLS) $12,000 REALCOMP
  • 2014-12-19 Listing Removed REALCOMP
  • 2014-12-17 Listing Removed MiRealSource-MiMLS
  • 2014-12-09 Listed $13,900 REALCOMP
  • 2014-12-08 Listed $13,900 MiRealSource-MiMLS

Property tax history

-0.1%/yr

Latest (2025): $1,372 · -37.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…