9760 Wayburn St · Detroit, MI 48224

$84,900

3 bd · 1.0 ba · 1,244 sqft · SingleFamily public records · 26 Days on market

Built 1937 7,405 sqft lot Est $118k · 28% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the quintessential Detroit brick bungalow at 9760 Wayburn, where timeless architectural style meets a clean, contemporary interior. This residence offers a traditional floor plan which includes a formal dining room, a gorgeous fireplace and a fresh, neutral palette that complements any décor. The kitchen provides a functional and modern culinary space, equipped with durable cabinetry in a generous space. Every room has been thoughtfully refreshed to offer a move-in-ready experience that honors the home's classic roots. The property includes a full basement for additional utility and a detached garage within a private fenced yard. Positioned on a quiet street just minutes from the Grosse Pointe border and Ascension St. John Hospital, this property's location is ideal, offering both the tranquility of yesteryear and modern conveniences at your fingertips.

Key facts

• Brick bungalow
• Formal dining room
• Gorgeous fireplace

Tags

• BRICK BUNGALOW
• FORMAL DINING ROOM
• GORGEOUS FIREPLACE
• FUNCTIONAL CULINARY SPACE
• FULL BASEMENT
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $452 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.7% vs local median 10.0% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Wayne Elementary School (math 5% / reading 15%, grade F, #1,230 of 1,397 statewide, top 91%, 237 students, 94% FRL); Clippert Academy (379 students, 82% FRL); Denby High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 537 students, 88% FRL) — zoned schools at 88% FRL track the district average.
• Market conditions: Rents flat; 492 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 36% of the median local income ($45k/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 $587 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 + 0.7% rent growth), your $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y 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 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,626 (1.5% below list)

Questions for the listing agent

1. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.59% ✓
• Cap rate: 12.68%
• Cash-on-cash: 22.81%
• DSCR: 2.01
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $118,180
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9500 Lakepointe St	0.11mi	3/1.0	1,130 (-9%)	0mo	$125,000	$111	79
9817 Somerset Ave	0.34mi	3/1.0	1,290 (+4%)	2mo	$30,000	$23	76
10185 Beaconsfield St	0.33mi	3/1.0	1,300 (+4%)	2mo	$73,000	$56	75
9988 Somerset Ave	0.42mi	3/1.0	1,206 (-3%)	1mo	$130,000	$108	74
10441 Roxbury St	0.33mi	3/1.5	1,127 (-9%)	3mo	$59,000	$52	65
10318 Beaconsfield St	0.44mi	3/1.5	1,146 (-8%)	1mo	$78,000	$68	63
9722 Everts St	0.70mi	3/1.0	1,178 (-5%)	1mo	$147,000	$125	58
5743 Buckingham Ave	0.69mi	3/1.5	1,328 (+7%)	2mo	$160,000	$120	52
11336 Courville St	0.58mi	3/1.0	1,425 (+14%)	0mo	$62,500	$44	48
9771 Mckinney St	0.60mi	4/1.0 (+1)	1,112 (-11%)	2mo	$100,000	$90	47
11323 Lansdowne St	0.63mi	3/1.5	1,397 (+12%)	2mo	$133,282	$95	47
5777 Lakepointe St	0.54mi	4/2.5 (+1)	1,075 (-14%)	2mo	$174,999	$163	40

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 13.1%
• Equity multiple: 1.51×
• Total profit: $12,051
• Equity at exit: $12,659

10-year hold

• IRR: 20.1%
• Equity multiple: 2.51×
• Total profit: $35,907
• Equity at exit: $7,341

Cash invested: $23,772 (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.

Methodology + full state rankings →

ZIP-level market 48224

• Rents YoY: 0.7%
• Active inventory: 492
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,346 high
• Mortgage (P&I): −$445
• Tax from tax record: −$131 /mo · $1,575/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $452

Break-even live

Break-even rent $774

Max offer price $84,900

Occupancy floor 61%

Sensitivity live

Price	-10% $500	-5% $476	+0% $452	+5% $428	+10% $404
Rent	-10% $346	-5% $399	+0% $452	+5% $505	+10% $558
Rate	-1.0pp $495	-0.5pp $473	base $452	+0.5pp $430	+1.0pp $407

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9755 Wayburn St Detroit, MI	3.0	2.0	1498	$1,400	$0.93	5d	1	0.06mi
10141 Roxbury St Detroit, MI	3.0	1.0	1115	$1,000	$0.90	46d	1	0.11mi
9516 Wayburn St Detroit, MI	2.0	1.0	800	$950	$1.19	19d	1	0.11mi
9927 Beaconsfield St Detroit, MI	3.0	1.0	942	$1,375	$1.46	17d	1	0.20mi
10644 Stratman St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	19d	1	0.21mi
9400 Lakepointe St Detroit, MI	3.0	1.0	1300	$1,150	$0.88	7d	1	0.22mi
10724 Whitehill St Detroit, MI	3.0	3.0	1425	$1,550	$1.09	20d	1	0.23mi
9984 Beaconsfield St Detroit, MI	3.0	1.0	1222	$1,575	$1.29	46d	1	0.25mi
9168 Wayburn St Detroit, MI	3.0	1.0	1274	$1,300	$1.02	22d	1	0.27mi
10813 Whitehill St Detroit, MI	3.0	1.0	1392	$1,350	$0.97	19d	1	0.28mi
9747 Somerset Ave Detroit, MI	2.0	1.0	797	$1,100	$1.38	46d	1	0.31mi
11018 Whitehill St Detroit, MI	3.0	1.0	1146	$1,450	$1.27	13d	1	0.38mi
9409 Balfour Rd Detroit, MI	3.0	1.0	1195	$1,200	$1.00	46d	1	0.38mi
9190 Hayes St Unit 1 Detroit, MI	2.0	1.0	750	$850	$1.13	17d	1	0.43mi
15857 Evanston St Detroit, MI	3.0	1.5	1232	$1,250	$1.01	7d	1	0.48mi
5911 Somerset Ave Detroit, MI	3.0	1.0	1200	$1,350	$1.12	0d	1	0.52mi
10803 Roxbury St Detroit, MI	3.0	1.0	1150	$900	$0.78	22d	1	0.56mi
5751 Nottingham Rd Unit 5/21/26 Detroit, MI	3.0	1.0	1100	$1,225	$1.11	0d	1	0.60mi
5747 Lakepointe St Detroit, MI	3.0	1.5	1316	$1,473	$1.12	46d	1	0.60mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	5d	1	0.63mi
13400 Longview St Detroit, MI	3.0	1.5	1000	$1,400	$1.40	46d	1	0.69mi
9635 Everts St Detroit, MI	4.0	2.0	1450	$1,650	$1.14	46d	1	0.72mi
5574 Buckingham Ave Detroit, MI	3.0	1.0	1430	$1,450	$1.01	6d	1	0.79mi
13137 Elmdale St Detroit, MI	3.0	1.0	1115	$1,400	$1.26	26d	1	0.81mi
5966 Eastlawn St Unit NA Detroit, MI	3.0	1.5	1366	$1,500	$1.10	26d	1	0.81mi
15000 Mayfield St Detroit, MI	3.0	1.0	1146	$970	$0.85	19d	1	0.82mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	19d	1	0.87mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	5d	1	0.89mi
5235 Chatsworth St Detroit, MI	2.0	1.0	900	$1,050	$1.17	46d	1	0.89mi
10177 Boleyn St Detroit, MI	3.0	1.0	767	$1,250	$1.63	46d	1	0.92mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	19d	1	0.92mi
5267 Haverhill St Detroit, MI	3.0	1.5	1458	$1,300	$0.89	19d	1	0.92mi
11689 Wayburn St Detroit, MI	3.0	1.0	1142	$1,350	$1.18	46d	1	1.00mi
9241 Boleyn St Detroit, MI	3.0	1.0	1350	$1,350	$1.00	46d	1	1.00mi
5112 Haverhill St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	46d	1	1.01mi
9313 Harvard Rd Detroit, MI	3.0	1.5	1329	$1,200	$0.90	19d	1	1.02mi
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	46d	1	1.02mi
11911 Lansdowne St Detroit, MI	4.0	1.0	1350	$1,400	$1.04	46d	1	1.02mi
11620 Rossiter St Detroit, MI	3.0	1.0	1140	$1,200	$1.05	19d	1	1.03mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	46d	1	1.03mi

Listing history 13 events

1. 2026-04-06
   status Pending 881-char remark

   Show marketing remark (881 chars)

   Discover the quintessential Detroit brick bungalow at 9760 Wayburn, where timeless architectural style meets a clean, contemporary interior. This residence offers a traditional floor plan which includes a formal dining room, a gorgeous fireplace and a fresh, neutral palette that complements any décor. The kitchen provides a functional and modern culinary space, equipped with durable cabinetry in a generous space. Every room has been thoughtfully refreshed to offer a move-in-ready experience that honors the home's classic roots. The property includes a full basement for additional utility and a detached garage within a private fenced yard. Positioned on a quiet street just minutes from the Grosse Pointe border and Ascension St. John Hospital, this property's location is ideal, offering both the tranquility of yesteryear and modern conveniences at your fingertips.

2. 2026-04-06
   status Pending

   Show marketing remark (881 chars)

   Discover the quintessential Detroit brick bungalow at 9760 Wayburn, where timeless architectural style meets a clean, contemporary interior. This residence offers a traditional floor plan which includes a formal dining room, a gorgeous fireplace and a fresh, neutral palette that complements any décor. The kitchen provides a functional and modern culinary space, equipped with durable cabinetry in a generous space. Every room has been thoughtfully refreshed to offer a move-in-ready experience that honors the home's classic roots. The property includes a full basement for additional utility and a detached garage within a private fenced yard. Positioned on a quiet street just minutes from the Grosse Pointe border and Ascension St. John Hospital, this property's location is ideal, offering both the tranquility of yesteryear and modern conveniences at your fingertips.

3. 2026-03-11
   listed $84,900 Active 881-char remark

   Show marketing remark (881 chars)

   Discover the quintessential Detroit brick bungalow at 9760 Wayburn, where timeless architectural style meets a clean, contemporary interior. This residence offers a traditional floor plan which includes a formal dining room, a gorgeous fireplace and a fresh, neutral palette that complements any décor. The kitchen provides a functional and modern culinary space, equipped with durable cabinetry in a generous space. Every room has been thoughtfully refreshed to offer a move-in-ready experience that honors the home's classic roots. The property includes a full basement for additional utility and a detached garage within a private fenced yard. Positioned on a quiet street just minutes from the Grosse Pointe border and Ascension St. John Hospital, this property's location is ideal, offering both the tranquility of yesteryear and modern conveniences at your fingertips.

4. 2026-03-11
   listed $84,900 Active

   Show marketing remark (881 chars)

   Discover the quintessential Detroit brick bungalow at 9760 Wayburn, where timeless architectural style meets a clean, contemporary interior. This residence offers a traditional floor plan which includes a formal dining room, a gorgeous fireplace and a fresh, neutral palette that complements any décor. The kitchen provides a functional and modern culinary space, equipped with durable cabinetry in a generous space. Every room has been thoughtfully refreshed to offer a move-in-ready experience that honors the home's classic roots. The property includes a full basement for additional utility and a detached garage within a private fenced yard. Positioned on a quiet street just minutes from the Grosse Pointe border and Ascension St. John Hospital, this property's location is ideal, offering both the tranquility of yesteryear and modern conveniences at your fingertips.

5. 2021-03-18
   soldstatus $75,050
6. 2015-10-29
   historical
7. 2015-10-29
   historical
8. 2015-10-12
   price $14,500
9. 2015-10-09
   price $23,000
10. 2015-07-29
    listed $25,000 Active
11. 2015-07-29
    listed $14,500
12. 2008-01-08
    historical
13. 2007-10-08
    listed $29,900

ⓘ 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: $1,575 · $131/mo
• Projected year-2 tax: $1,575 · $131/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 ≥95°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: −$4,756
• − Property taxes: −$1,575
• − Insurance: −$424
• − Repairs & maintenance: −$1,293
• − Management: −$1,293
• − Depreciation: −$2,470
• Taxable income: $4,348
• Est. tax owed @ 24.0%: −$1,043
• After-tax cash flow: $4,379/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+183.9% since first listed

13 events — show timeline

• 2026-04-06 Pending — MiRealSource-MiMLS
• 2026-04-06 Pending — REALCOMP
• 2026-03-11 Listed $84,900 REALCOMP
• 2026-03-11 Listed $84,900 MiRealSource-MiMLS
• 2021-03-18 Sold (Public Records) $75,050 Public Records
• 2015-10-29 Listing Removed — REALCOMP
• 2015-10-29 Listing Removed — MiRealSource-MiMLS
• 2015-10-12 Price Changed $14,500 REALCOMP
• 2015-10-09 Price Changed $23,000 REALCOMP
• 2015-07-29 Listed $25,000 REALCOMP
• 2015-07-29 Listed $14,500 MiRealSource-MiMLS
• 2008-01-08 Listing Removed — REALCOMP
• 2007-10-08 Listed $29,900 REALCOMP

Property tax history

-2.4%/yr

Latest (2025): $1,575 · -9.5% YoY. Source: county tax records.