16851 Ilene St · Detroit, MI 48221

$130,000

3 bd · 1.0 ba · 1,394 sqft · SingleFamily public records · 140 Days on market

Built 1950 4,792 sqft lot Est $139k · 7% under

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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 +22.7/30.0
• ARV discount +10.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.4/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

Key facts

• 4,792 sq ft lot
• 2 garage spots
• Built 1950

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Schulze Academy For Technology And Arts (math 10% / reading 30%, grade F, #1,083 of 1,397 statewide, top 78%, 692 students, 87% FRL); Mumford High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 889 students, 86% FRL) — zoned schools at 87% FRL track the district average.
• Market conditions: Rents rising (+3.4%/yr); 349 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 28y 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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: 1.04% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.36%
• DSCR: 1.33
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $139,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16800 Ilene St	0.05mi	3/2.5	1,298 (-7%)	1mo	$210,000	$162	79
16516 Appoline St	0.46mi	3/1.0	1,350 (-3%)	1mo	$39,500	$29	72
16811 Manor St	0.34mi	3/1.5	1,516 (+9%)	1mo	$71,000	$47	67
17161 Ward Ave	0.66mi	3/1.5	1,377 (-1%)	2mo	$194,500	$141	63
16204 Wisconsin St	0.42mi	3/1.5	1,536 (+10%)	1mo	$163,000	$106	61
17190 Washburn St	0.22mi	4/1.0 (+1)	1,581 (+13%)	3mo	$65,250	$41	60
15841 Steel St	0.68mi	3/1.0	1,460 (+5%)	1mo	$50,000	$34	60
18011 Appoline St W	0.68mi	3/1.5	1,440 (+3%)	3mo	$170,000	$118	59
15771 Birwood St	0.57mi	3/1.5	1,290 (-8%)	0mo	$128,995	$100	58
17621 Meyers Rd	0.62mi	2/2.0 (-1)	1,264 (-9%)	0mo	$40,000	$32	46
18292 Mendota St	0.73mi	3/1.0	1,232 (-12%)	1mo	$145,000	$118	46
16631 Sorrento St	0.55mi	4/2.0 (+1)	1,537 (+10%)	3mo	$154,400	$100	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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-6,254
• Equity at exit: $19,383

10-year hold

• IRR: 5.6%
• Equity multiple: 1.42×
• Total profit: $15,292
• Equity at exit: $11,240

Cash invested: $36,400 (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 48221

• Rents YoY: 3.4%
• Active inventory: 349
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,346 high
• Mortgage (P&I): −$682
• Tax from tax record: −$104 /mo · $1,252/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $223

Break-even live

Break-even rent $1,064

Max offer price $130,000

Occupancy floor 78%

Sensitivity live

Price	-10% $297	-5% $260	+0% $223	+5% $187	+10% $150
Rent	-10% $117	-5% $170	+0% $223	+5% $277	+10% $330
Rate	-1.0pp $289	-0.5pp $256	base $223	+0.5pp $190	+1.0pp $155

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	19d	1	0.09mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	21d	1	0.11mi
16230 Indiana St Unit 2 Detroit, MI	2.0	1.0	1050	$1,200	$1.14	19d	1	0.36mi
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	45d	1	0.36mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	45d	1	0.41mi
17540 Pinehurst St Detroit, MI	3.0	1.0	1200	$1,395	$1.16	45d	1	0.46mi
17159 Northlawn St Unit 17161 Detroit, MI	2.0	1.0	1122	$975	$0.87	6d	1	0.51mi
17195 Northlawn St #1 Detroit, MI	2.0	1.0	1200	$1,100	$0.92	21d	1	0.52mi
17195 Northlawn St #2 Detroit, MI	2.0	1.0	1200	$1,050	$0.88	26d	1	0.52mi
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	45d	1	0.52mi
15765 Washburn St Unit 15767 Washburn Upper Detroit, MI	2.0	1.0	1093	$950	$0.87	0d	1	0.56mi
15760 Monte Vista St Detroit, MI	2.0	1.0	1080	$1,250	$1.16	45d	1	0.60mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	6d	1	0.61mi
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	6d	1	0.61mi
15512 Mendota St Detroit, MI	2.0	1.0	931	$1,200	$1.29	6d	1	0.64mi
15512 Mendota St Apt 2 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	45d	1	0.64mi
15791 Cherrylawn St Detroit, MI	2.0	1.0	1792	$1,100	$0.61	45d	1	0.66mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	45d	1	0.66mi
17530 Roselawn St Unit 1 Detroit, MI	3.0	2.0	1600	$2,000	$1.25	26d	1	0.70mi
17368 Woodingham Dr Detroit, MI	3.0	1.5	1200	$1,800	$1.50	45d	1	0.76mi
16722 Tuller St Detroit, MI	3.0	1.5	1100	$1,500	$1.36	18d	1	0.78mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	19d	1	0.83mi
15388 Appoline St #203 Detroit, MI	2.0	1.0	900	$850	$0.94	45d	1	0.85mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	26d	1	0.85mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	45d	1	0.90mi
17163 Prairie St Unit 1B Detroit, MI	3.0	1.5	1317	$1,350	$1.03	45d	1	0.92mi
17147 Monica St Unit 2 1 Detroit, MI	2.0	1.0	900	$975	$1.08	26d	1	0.97mi
17145 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	1050	$1,400	$1.33	19d	1	1.03mi
18675 Meyers Rd Unit 18677 Detroit, MI	2.0	1.0	942	$1,100	$1.17	45d	1	1.03mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	12d	1	1.05mi
16505 Stansbury St Detroit, MI	3.0	1.0	1700	$1,345	$0.79	45d	1	1.05mi
16582 Santa Rosa Dr Detroit, MI	3.0	1.0	1314	$1,399	$1.06	19d	1	1.05mi
18935 Indiana St Detroit, MI	3.0	1.0	1248	$1,523	$1.22	6d	1	1.07mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	5d	1	1.09mi
17551 Santa Rosa Dr Detroit, MI	2.0	1.0	1036	$1,095	$1.06	45d	1	1.10mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,500	$1.49	0d	1	1.10mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	26d	1	1.11mi
15340 Hartwell St Detroit, MI	2.0	1.0	900	$1,300	$1.44	18d	1	1.14mi
17596 Santa Rosa Dr Detroit, MI	2.0	1.0	1350	$1,195	$0.89	45d	1	1.14mi
17596 Santa Rosa Dr Unit 2 Detroit, MI	2.0	1.0	1350	$1,195	$0.89	26d	1	1.14mi

Listing history 23 events

1. 2026-03-02
   status Pending

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

2. 2026-03-02
   status Pending 886-char remark

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

3. 2026-01-31
   historical Accepting Backup Offers 886-char remark

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

4. 2026-01-31
   historical Active Under Contract

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

5. 2026-01-27
   status Active 886-char remark

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

6. 2026-01-27
   status Active

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

7. 2026-01-06
   status Pending 886-char remark

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

8. 2026-01-06
   status Pending

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

9. 2025-09-23
   status Active 886-char remark

   Show marketing remark (886 chars)

   Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

10. 2025-09-23
    status Active

    Show marketing remark (886 chars)

    Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

11. 2025-09-23
    status Pending 886-char remark

    Show marketing remark (886 chars)

    Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

12. 2025-09-23
    status Pending

    Show marketing remark (886 chars)

    Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

13. 2025-09-15
    listed $130,000 Active

    Show marketing remark (886 chars)

    Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

14. 2025-09-15
    listed $130,000 Active 886-char remark

    Show marketing remark (886 chars)

    Charming Bungalow Near Marygrove College! Nestled on a quiet street in desirable Palmer Blvd Heights, this spacious home blends classic charm and needs a little updating and repair (priced accordingly). Qualifies for most mortgage and down payment programs but FHA (would have to be 203k). Features include a formal dining room, cozy fireplace, and an eat-in kitchen perfect for family gatherings. The upper-level suite offers versatile living space deal with an extra room that could be used as a family room or a 4th bedroom. Enjoy additional living and entertaining space in the partially finished basement and relaxing back three season room. Recent upgrades include a newer roof and A/C. Detached 2-car garage and a home warranty included for peace of mind. A must-see for the tray ceilings and medallion. Some kitchen cabinets have been replaced, along with some plumbing updates.

15. 2008-02-20
    historical
16. 2007-05-13
    listed $59,000
17. 2002-04-05
    soldstatus $129,900
18. 2002-01-08
    soldstatus $129,900
19. 2001-10-03
    listed $129,900
20. 1998-08-20
    soldstatus $92,900
21. 1998-07-14
    soldstatus $92,900
22. 1998-07-06
    listed $92,900
23. 1994-04-14
    soldstatus $49,500

ⓘ 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: $1,252 · $104/mo
• Projected year-2 tax: $1,627 · $136/mo
• Expected delta: +$375/yr (+$31/mo · 29.9%)

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,157
• − Mortgage interest: −$7,282
• − Property taxes: −$1,252
• − Insurance: −$650
• − Repairs & maintenance: −$1,293
• − Management: −$1,293
• − Depreciation: −$3,782
• Taxable income: $606
• Est. tax owed @ 24.0%: −$145
• After-tax cash flow: $2,535/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): 41,392
• Household income: $57,878
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1646.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 4% Asian 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -433.14%
• Current HPI: 280.5434
• Rent YoY: ▲ 3.44%
• 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

+162.6% since first listed

23 events — show timeline

• 2026-03-02 Pending — REALCOMP
• 2026-03-02 Pending — MiRealSource-MiMLS
• 2026-01-31 Contingent — MiRealSource-MiMLS
• 2026-01-31 Contingent — REALCOMP
• 2026-01-27 Relisted — MiRealSource-MiMLS
• 2026-01-27 Relisted — REALCOMP
• 2026-01-06 Pending — MiRealSource-MiMLS
• 2026-01-06 Pending — REALCOMP
• 2025-09-23 Relisted — MiRealSource-MiMLS
• 2025-09-23 Relisted — REALCOMP
• 2025-09-23 Pending — MiRealSource-MiMLS
• 2025-09-23 Pending — REALCOMP
• 2025-09-15 Listed $130,000 MiRealSource-MiMLS
• 2025-09-15 Listed $130,000 REALCOMP
• 2008-02-20 Listing Removed — REALCOMP
• 2007-05-13 Listed $59,000 REALCOMP
• 2002-04-05 Sold (Public Records) $129,900 Public Records
• 2002-01-08 Sold (MLS) $129,900 REALCOMP
• 2001-10-03 Listed $129,900 REALCOMP
• 1998-08-20 Sold (Public Records) $92,900 Public Records
• 1998-07-14 Sold (MLS) $92,900 REALCOMP
• 1998-07-06 Listed $92,900 REALCOMP
• 1994-04-14 Sold (Public Records) $49,500 Public Records

Property tax history

-0.9%/yr

Latest (2025): $1,252 · -45.2% YoY. Source: county tax records.