15900 Curtis St · Detroit, MI 48235

$69,900

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 88 Days on market

Built 1948 5,227 sqft lot $70/sqft · 6% below area Est $75k · 6% under

---

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 +10.3/15.0
• 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

SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

• 5,227 sq ft lot
• Built 1948
• Listed 88 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $638 ($8k/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 17.3% vs local median 10.2% 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); 283 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $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 ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 19y ago; this cycle's ask has dropped $6k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1948 — 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 88 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 1948 — 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: 2.04% ✓
• Cap rate: 17.25%
• Cash-on-cash: 39.14%
• DSCR: 2.74
• GRM: 4.1

CMA / ARV

• ARV (median comp): $74,549
• List price: $69,900
• Delta: -6.24%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17355 Saint Marys St	0.37mi	3/1.0	1,000 (0%)	5mo	$55,000	$55	79
17552 Ferguson St	0.37mi	3/1.0	957 (-4%)	5mo	$43,000	$45	72
18239 Saint Marys St	0.18mi	3/1.0	1,136 (+14%)	1mo	$124,900	$110	68
19165 Rutherford St	0.56mi	3/1.0	1,013 (+1%)	6mo	$43,500	$43	67
17540 Asbury Park St	0.33mi	3/1.0	1,100 (+10%)	4mo	$57,500	$52	65
18435 Robson St	0.54mi	3/1.0	925 (-8%)	0mo	$86,000	$93	62
18937 Lindsay St	0.65mi	3/1.0	951 (-5%)	2mo	$59,000	$62	60
19348 Montrose St	0.70mi	3/1.5	990 (-1%)	5mo	$145,900	$147	60
19152 Whitcomb St	0.66mi	2/1.5 (-1)	1,012 (+1%)	1mo	$110,000	$109	59
16853 Mansfield St	0.59mi	3/2.0	950 (-5%)	4mo	$205,000	$216	57
18217 Archdale St	0.67mi	3/1.0	1,085 (+8%)	0mo	$82,000	$76	54
19160 Gilchrist St	0.70mi	3/1.0	1,100 (+10%)	5mo	$85,000	$77	47

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: 35.7%
• Equity multiple: 2.52×
• Total profit: $29,717
• Equity at exit: $10,422

10-year hold

• IRR: 42.5%
• Equity multiple: 5.08×
• Total profit: $79,816
• 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: 283
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,426 high
• Mortgage (P&I): −$367
• Tax from tax record: −$92 /mo · $1,109/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $638

Break-even live

Break-even rent $618

Max offer price $69,900

Occupancy floor 50%

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
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	16d	1	0.12mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	3d	1	0.14mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	4d	1	0.26mi
18675 Forrer St Detroit, MI	3.0	1.0	1200	$1,225	$1.02	4d	1	0.34mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	19d	1	0.35mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	1d	1	0.42mi
17201 Saint Marys St Detroit, MI	2.0	1.0	1200	$1,200	$1.00	2d	1	0.42mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	43d	1	0.54mi
18964 Coyle St Detroit, MI	3.0	1.0	1300	$1,350	$1.04	2d	1	0.67mi
16876 Harlow Ave Unit (NO) Detroit, MI	3.0	1.0	1250	$1,350	$1.08	43d	1	0.80mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	24d	1	0.80mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	16d	1	0.83mi
18257 Mark Twain St Detroit, MI	3.0	1.0	1185	$1,507	$1.27	16d	1	0.84mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	16d	1	0.85mi
19503 Mansfield St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	16d	1	0.87mi
16535 Asbury Park Detroit, MI	3.0	1.5	1152	$1,450	$1.26	24d	1	0.87mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	3d	1	0.93mi
19400 Harlow St Detroit, MI	4.0	1.0	1298	$1,275	$0.98	16d	1	0.97mi
15866 Mansfield St Detroit, MI	3.0	1.0	1324	$1,425	$1.08	24d	1	1.05mi
17654 Greenview Ave Detroit, MI	4.0	1.0	1377	$1,350	$0.98	16d	1	1.06mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	14d	1	1.07mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	1.12mi
15752 Rutherford St Detroit, MI	3.0	2.0	1174	$1,386	$1.18	4d	1	1.18mi
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	43d	1	1.22mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	24d	1	1.23mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	43d	1	1.23mi
15736 Biltmore St Detroit, MI	3.0	1.5	1000	$1,200	$1.20	16d	1	1.25mi
18512 Schaefer Hwy Detroit, MI	2.0	1.0	962	$1,200	$1.25	24d	1	1.26mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	14d	1	1.28mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	10d	1	1.32mi
16823 Stahelin Ave Detroit, MI	3.0	2.5	1500	$1,600	$1.07	17d	1	1.32mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	24d	1	1.33mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	4d	1	1.35mi
15468 Sussex St #2 Detroit, MI	2.0	1.0	900	$1,250	$1.39	43d	1	1.36mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	16d	1	1.37mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	43d	1	1.37mi
15375 Prevost St Detroit, MI	4.0	1.0	907	$1,300	$1.43	16d	1	1.38mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	43d	1	1.39mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	43d	1	1.39mi
17238 Shaftsbury Ave Detroit, MI	3.0	1.0	1200	$1,550	$1.29	43d	1	1.39mi

Listing history 42 events

1. 2026-06-18
   days on market $69,900 Active 88 DOM
2. 2026-06-17
   days on market $69,900 Active 87 DOM
3. 2026-06-15
   days on market $69,900 Active 85 DOM
4. 2026-06-13
   days on market $69,900 Active 83 DOM
5. 2026-06-13
   days on market $69,900 Active 82 DOM
6. 2026-06-09
   days on market $69,900 Active 79 DOM
7. 2026-06-08
   days on market $69,900 Active 78 DOM
8. 2026-06-07
   days on market $69,900 Active 77 DOM
9. 2026-06-04
   days on market $69,900 Active 74 DOM
10. 2026-06-03
    days on market $69,900 Active 73 DOM
11. 2026-06-01
    days on market $69,900 Active 71 DOM
12. 2026-05-31
    days on market $69,900 Active 70 DOM
13. 2026-04-03
    price $69,900 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

14. 2026-04-02
    status Active 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

15. 2026-04-02
    status Active 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

16. 2026-04-02
    price $69,900 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

17. 2026-03-16
    status Pending 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

18. 2026-03-16
    status Pending 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

19. 2026-03-05
    listed $75,900 Active 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

20. 2026-03-05
    listed $75,900 Active 584-char remark

    Show marketing remark (584 chars)

    SPACIOUS SECTION 8 TENANT OCCUPIED BUNGALOW HOME LOCATED NORTH OF W. OUTER DRIVE AND WEST OF GREENFIELD. THIS HOME FEATURES A SPACIOUS LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR AND A LARGE PRIMARY BEDROOM ON THE SECOND FLOOR WITH LOTS OF CLOSET SPACE AND BUILT-INS, AND AN UNFINISHED BASEMENT. THE TENANT PAYS 1000 PER MONTH AND ARE IN A LEASE UNTIL 6/30/26. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

21. 2026-01-27
    historical
22. 2026-01-27
    historical
23. 2025-08-26
    listed $76,500 Active
24. 2025-08-26
    listed $76,500 Active
25. 2022-06-12
    historical
26. 2022-06-12
    historical
27. 2022-05-26
    status Active
28. 2022-05-26
    status Active
29. 2022-03-11
    historical Keep Showing-Contgcy Appl
30. 2022-03-11
    historical Contingent - Continue To Show
31. 2022-02-15
    listed $89,900 Active
32. 2022-02-14
    historical
33. 2022-02-11
    listed $89,900 Active
34. 2019-01-03
    soldstatus $420,000
35. 2016-11-30
    historical
36. 2016-11-30
    historical
37. 2016-02-18
    listed $11,500
38. 2016-02-18
    listed $11,500
39. 2008-12-29
    soldstatus $5,000
40. 2008-06-03
    listed $5,500
41. 2008-03-13
    historical
42. 2007-12-13
    listed $17,500

ⓘ 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: $1,109 · $92/mo
• Projected year-2 tax: $1,109 · $92/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: $17,111
• − Mortgage interest: −$3,915
• − Property taxes: −$1,109
• − Insurance: −$350
• − Repairs & maintenance: −$1,369
• − Management: −$1,369
• − Depreciation: −$2,033
• Taxable income: $6,966
• Est. tax owed @ 24.0%: −$1,672
• After-tax cash flow: $5,989/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

+299.4% since first listed

30 events — show timeline

• 2026-04-03 Price Changed $69,900 MiRealSource-MiMLS
• 2026-04-02 Relisted — MiRealSource-MiMLS
• 2026-04-02 Relisted — REALCOMP
• 2026-04-02 Price Changed $69,900 REALCOMP
• 2026-03-16 Pending — MiRealSource-MiMLS
• 2026-03-16 Pending — REALCOMP
• 2026-03-05 Listed $75,900 REALCOMP
• 2026-03-05 Listed $75,900 MiRealSource-MiMLS
• 2026-01-27 Listing Removed — MiRealSource-MiMLS
• 2026-01-27 Listing Removed — REALCOMP
• 2025-08-26 Listed $76,500 MiRealSource-MiMLS
• 2025-08-26 Listed $76,500 REALCOMP
• 2022-06-12 Listing Removed — MiRealSource-MiMLS
• 2022-06-12 Listing Removed — REALCOMP
• 2022-05-26 Relisted — MiRealSource-MiMLS
• 2022-05-26 Relisted — REALCOMP
• 2022-03-11 Contingent — MiRealSource-MiMLS
• 2022-03-11 Contingent — REALCOMP
• 2022-02-15 Listed $89,900 REALCOMP
• 2022-02-14 Coming Soon — REALCOMP
• 2022-02-11 Listed $89,900 MiRealSource-MiMLS
• 2019-01-03 Sold (Public Records) $420,000 Public Records
• 2016-11-30 Listing Removed — MiRealSource-MiMLS
• 2016-11-30 Listing Removed — REALCOMP
• 2016-02-18 Listed $11,500 MiRealSource-MiMLS
• 2016-02-18 Listed $11,500 REALCOMP
• 2008-12-29 Sold (MLS) $5,000 REALCOMP
• 2008-06-03 Listed $5,500 REALCOMP
• 2008-03-13 Listing Removed — REALCOMP
• 2007-12-13 Listed $17,500 REALCOMP

Property tax history

-4.1%/yr

Latest (2025): $1,109 · -53.8% YoY. Source: county tax records.