16001 Collingham Dr · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D+ 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 +22.5/30.0
- DSCR +7.2/10.0
- 1% rule +5.7/10.0
- Livability +3.7/5.0
- Rent growth +2.8/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$125,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Very well maintained full brick colonial on a larger (68X134) corner lot at a great price. Ceramic foyer leads to large living room with brick face fireplace. Formal dining room. Hardwood floors under the carpet. Kitchen features raised panel thermofoil door cabinets with tall uppers and a full set of included appliances. First floor primary bedroom suite with private half bath and exit to three season room. Two large bedrooms up with one having a large walkin closet with beautiful hardwood floors. Upper ceramic full bath with ceramic tub surround and glass tub doors. Basement with glass block windows, bar and included washer and dryer. Side entry vinyl sided garage with opener and rollup door in fenced yard. Old furnace & hwh have been removed along with some old plumbing. .. seller will install new plumbing, new furnace and new hwh with the right offer. No FHA offers please. Taxes are currently non-homestead but will be rated at a lower millage for an owner occupant buyer. Owner is a licensed broker in the state of Michigan.
Key facts
- Full brick colonial
- Three season room
- Ceramic foyer
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.5-bath single-family listed at $125k.
Deal economics
- At list price, monthly cash flow is $210 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $125k).
- Recommended offer: $123k (1.5% 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 (+1.3%/yr); 373 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 41% 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 $864 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 16 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts 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 $80k; list at $125k implies a 56% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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.
- 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.
- 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
- 1.07% ✓
- Cap rate
- 8.31%
- Cash-on-cash
- 7.19%
- DSCR
- 1.32
- GRM
- 7.8
CMA / ARV
- ARV (on-the-fly)
- $105,525
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 16516 Collingham Dr | 0.36mi | 3/2.0 | 1,590 (+1%) | 10mo | $120,000 | $75 | 72 |
| 16087 Collingham Dr | 0.08mi | 3/1.5 | 1,339 (-15%) | 2mo | $135,000 | $101 | 70 |
| 15211 Fairmount Dr | 0.55mi | 3/2.0 | 1,500 (-5%) | 1mo | $70,000 | $47 | 64 |
| 16661 Rossini Dr | 0.53mi | 2/1.0 (-1) | 1,500 (-5%) | 0mo | $87,000 | $58 | 60 |
| 16286 E State Fair St | 0.45mi | 4/1.0 (+1) | 1,439 (-9%) | 1mo | $99,900 | $69 | 56 |
| 19659 Kelly Rd | 0.64mi | 3/1.0 | 1,558 (-1%) | 13mo | $105,000 | $67 | 56 |
| 14973 Bringard Dr | 0.61mi | 3/1.5 | 1,431 (-9%) | 2mo | $60,000 | $42 | 55 |
| 14965 Edmore Dr | 0.61mi | 3/1.0 | 1,620 (+3%) | 18mo | $134,000 | $83 | 50 |
| 15200 Rossini Dr | 0.60mi | 3/1.0 | 1,680 (+7%) | 11mo | $65,000 | $39 | 50 |
| 15211 Bringard Dr | 0.51mi | 3/1.5 | 1,439 (-9%) | 16mo | $82,500 | $57 | 49 |
| 15047 Rossini Dr | 0.61mi | 3/1.5 | 1,700 (+8%) | 12mo | $54,500 | $32 | 48 |
| 14840 Eastburn St | 0.72mi | 3/1.5 | 1,358 (-14%) | 10mo | $155,000 | $114 | 35 |
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 · 1.33% rent growth · sell at horizon
- IRR
- -7.2%
- Equity multiple
- 0.74×
- Total profit
- $-9,102
- Equity at exit
- $18,638
- IRR
- 0.2%
- Equity multiple
- 1.02×
- Total profit
- $526
- Equity at exit
- $10,808
Cash invested: $35,000 (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
ZIP-level market 48205
- Home prices YoY
- -28.1%
- Rents YoY
- 1.3%
- Active inventory
- 373
- Price-to-rent
- 7.8×
Monthly cashflow live
- Estimated rent
- $1,341 high interval (Pro) →
- Mortgage (P&I)
- −$656
- Tax from tax record
- −$142 /mo · $1,708/yr
- Insurance
- −$52
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$282
- Net cashflow
- $210
Break-even live
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
- $31,250
- Closing costs
- $3,750
- 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 17 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 16242 Bringard Dr Detroit, MI | 3.0 | 1.0 | 1350 | $1,300 | $0.96 | 5d | 1 | 0.21mi |
| 15503 Edmore Dr Detroit, MI | 3.0 | 1.0 | 1285 | $1,100 | $0.86 | 43d | 1 | 0.28mi |
| 16446 E State Fair St Detroit, MI | 2.0 | 1.0 | 1200 | $1,350 | $1.12 | 24d | 1 | 0.48mi |
| 15604 Coram St Detroit, MI | 3.0 | 1.0 | 1210 | $1,000 | $0.83 | 43d | 1 | 0.73mi |
| 18808 Eastwood Dr Harper Woods, MI | 2.0 | 1.0 | 2021 | $1,500 | $0.74 | 24d | 1 | 0.81mi |
| 16031 E 7 Mile Rd #5 Detroit, MI | 2.0 | 1.0 | 1204 | $1,200 | $1.00 | 2d | 1 | 0.84mi |
| 15616 E 7 Mile Rd Detroit, MI | 3.0 | 1.5 | 1150 | $1,150 | $1.00 | 17d | 1 | 0.89mi |
| 18530 Kingsville St Harper Woods, MI | 3.0 | 1.5 | 1396 | $1,375 | $0.98 | 17d | 1 | 0.90mi |
| 22030 Cushing Ave Eastpointe, MI | 3.0 | 2.0 | 1300 | $1,650 | $1.27 | 4d | 1 | 0.98mi |
| 14134 Collingham Dr Detroit, MI | 3.0 | 1.5 | 1300 | $1,350 | $1.04 | 43d | 1 | 1.10mi |
| 14504 Coram St Detroit, MI | 3.0 | 1.0 | 1203 | $1,175 | $0.98 | 24d | 1 | 1.12mi |
| 14481 Maddelein St Detroit, MI | 3.0 | 1.0 | 1200 | $1,100 | $0.92 | 43d | 1 | 1.21mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 15d | 1 | 1.36mi |
| 12075 Rossiter St Detroit, MI | 3.0 | 1.0 | 1100 | $1,245 | $1.13 | 43d | 1 | 1.36mi |
| 19435 McCormick St Detroit, MI | 3.0 | 2.0 | 1148 | $1,300 | $1.13 | 17d | 1 | 1.37mi |
| 13693 Edmore Dr Detroit, MI | 3.0 | 1.5 | 1269 | $1,550 | $1.22 | 11d | 1 | 1.41mi |
| 20600 Balfour St Harper Woods, MI | 1.0–2.0 | 1.0–2.0 | 971 | $1,671 | $1.72 | 1d | 12 | 1.48mi |
Listing history 17 events
-
2026-04-16status Pending 1048-char remark
Show marketing remark (1048 chars)
Very well maintained full brick colonial on a larger (68X134) corner lot at a great price. Ceramic foyer leads to large living room with brick face fireplace. Formal dining room. Hardwood floors under the carpet. Kitchen features raised panel thermofoil door cabinets with tall uppers and a full set of included appliances. First floor primary bedroom suite with private half bath and exit to three season room. Two large bedrooms up with one having a large walkin closet with beautiful hardwood floors. Upper ceramic full bath with ceramic tub surround and glass tub doors. Basement with glass block windows, bar and included washer and dryer. Side entry vinyl sided garage with opener and rollup door in fenced yard. Old furnace & hwh have been removed along with some old plumbing. .. seller will install new plumbing, new furnace and new hwh with the right offer. No FHA offers please. Taxes are currently non-homestead but will be rated at a lower millage for an owner occupant buyer. Owner is a licensed broker in the state of Michigan.
-
2026-04-16status Pending
Show marketing remark (1048 chars)
Very well maintained full brick colonial on a larger (68X134) corner lot at a great price. Ceramic foyer leads to large living room with brick face fireplace. Formal dining room. Hardwood floors under the carpet. Kitchen features raised panel thermofoil door cabinets with tall uppers and a full set of included appliances. First floor primary bedroom suite with private half bath and exit to three season room. Two large bedrooms up with one having a large walkin closet with beautiful hardwood floors. Upper ceramic full bath with ceramic tub surround and glass tub doors. Basement with glass block windows, bar and included washer and dryer. Side entry vinyl sided garage with opener and rollup door in fenced yard. Old furnace & hwh have been removed along with some old plumbing. .. seller will install new plumbing, new furnace and new hwh with the right offer. No FHA offers please. Taxes are currently non-homestead but will be rated at a lower millage for an owner occupant buyer. Owner is a licensed broker in the state of Michigan.
-
2026-03-31status Pending 776-char remark
Show marketing remark (1048 chars)
Very well maintained full brick colonial on a larger (68X134) corner lot at a great price. Ceramic foyer leads to large living room with brick face fireplace. Formal dining room. Hardwood floors under the carpet. Kitchen features raised panel thermofoil door cabinets with tall uppers and a full set of included appliances. First floor primary bedroom suite with private half bath and exit to three season room. Two large bedrooms up with one having a large walkin closet with beautiful hardwood floors. Upper ceramic full bath with ceramic tub surround and glass tub doors. Basement with glass block windows, bar and included washer and dryer. Side entry vinyl sided garage with opener and rollup door in fenced yard. Old furnace & hwh have been removed along with some old plumbing. .. seller will install new plumbing, new furnace and new hwh with the right offer. No FHA offers please. Taxes are currently non-homestead but will be rated at a lower millage for an owner occupant buyer. Owner is a licensed broker in the state of Michigan.
-
2026-03-31$125,000 Active 1048-char remark
Show marketing remark (1048 chars)
Very well maintained full brick colonial on a larger (68X134) corner lot at a great price. Ceramic foyer leads to large living room with brick face fireplace. Formal dining room. Hardwood floors under the carpet. Kitchen features raised panel thermofoil door cabinets with tall uppers and a full set of included appliances. First floor primary bedroom suite with private half bath and exit to three season room. Two large bedrooms up with one having a large walkin closet with beautiful hardwood floors. Upper ceramic full bath with ceramic tub surround and glass tub doors. Basement with glass block windows, bar and included washer and dryer. Side entry vinyl sided garage with opener and rollup door in fenced yard. Old furnace & hwh have been removed along with some old plumbing. .. seller will install new plumbing, new furnace and new hwh with the right offer. No FHA offers please. Taxes are currently non-homestead but will be rated at a lower millage for an owner occupant buyer. Owner is a licensed broker in the state of Michigan.
-
2026-03-31$125,000 Active
Show marketing remark (1048 chars)
Very well maintained full brick colonial on a larger (68X134) corner lot at a great price. Ceramic foyer leads to large living room with brick face fireplace. Formal dining room. Hardwood floors under the carpet. Kitchen features raised panel thermofoil door cabinets with tall uppers and a full set of included appliances. First floor primary bedroom suite with private half bath and exit to three season room. Two large bedrooms up with one having a large walkin closet with beautiful hardwood floors. Upper ceramic full bath with ceramic tub surround and glass tub doors. Basement with glass block windows, bar and included washer and dryer. Side entry vinyl sided garage with opener and rollup door in fenced yard. Old furnace & hwh have been removed along with some old plumbing. .. seller will install new plumbing, new furnace and new hwh with the right offer. No FHA offers please. Taxes are currently non-homestead but will be rated at a lower millage for an owner occupant buyer. Owner is a licensed broker in the state of Michigan.
-
2026-03-27soldstatus $80,000 Closed 776-char remark
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
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2026-03-27soldstatus $80,000 Closed 776-char remark
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
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2026-03-27soldstatus $80,000 Closed
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
-
2026-03-01status Pending
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
-
2026-03-01status Pending 776-char remark
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
-
2026-02-27historical Accepting Backup Offers
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
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2026-02-27historical Active Under Contract 776-char remark
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
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2026-02-18$125,000 Active
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
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2026-02-18$125,000 Active 776-char remark
Show marketing remark (776 chars)
Solid brick colonial, the perfect starter home! This well-maintained 3-bedroom, 1.5-bath property features beautiful natural hardwood floors in great condition and central air for year-round comfort. The main level offers a bright living space, while the upper level includes a spacious bedroom with a huge walk-in closet and access to a private back deck. A mother-in-law suite with its own private entrance and half bath provides flexible living options that is ideal for guests, extended family, or additional privacy. Enjoy the oversized backyard, perfect for entertaining or outdoor activities, along with a detached two-car remote operated garage for added convenience. There's even a bar in the basement. All appliances stay with the home. Property is being sold as-is.
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2026-02-13historical $125,000
-
1995-10-16soldstatus $65,000
-
1995-08-29soldstatus $32,500
ⓘ 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
- $1,708 · $142/mo
- Projected year-2 tax
- $1,817 · $151/mo
- Expected delta
- +$108/yr (+$9/mo · 6.4%)
ⓘ 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 ≥96°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
- $16,096
- − Mortgage interest
- −$7,002
- − Property taxes
- −$1,708
- − Insurance
- −$625
- − Repairs & maintenance
- −$1,288
- − Management
- −$1,288
- − Depreciation
- −$3,636
- Taxable income
- $550
- Est. tax owed @ 24.0%
- −$132
- After-tax cash flow
- $2,385/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
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)
- 34,187
- Household income
- $38,966
- Rent vs Own
- Severe rent burden
- 2121.0
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 (93%)
- Race & ethnicity
- Black 93% White 3% Two or more races 2%
- 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
- ▼ -91.80%
- Current HPI
- 235.0926
- Rent YoY
- ▲ 1.33%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+284.6% since first listed17 events — show timeline
- 2026-04-16 Pending — MiRealSource-MiMLS
- 2026-04-16 Pending — REALCOMP
- 2026-03-31 Pending — REALCOMP
- 2026-03-31 Listed $125,000 REALCOMP
- 2026-03-31 Listed $125,000 MiRealSource-MiMLS
- 2026-03-27 Sold (MLS) $80,000 MiRealSource-MiMLS
- 2026-03-27 Sold (MLS) $80,000 REALCOMP
- 2026-03-27 Sold (MLS) $80,000 REALCOMP
- 2026-03-01 Pending — MiRealSource-MiMLS
- 2026-03-01 Pending — REALCOMP
- 2026-02-27 Contingent — MiRealSource-MiMLS
- 2026-02-27 Contingent — REALCOMP
- 2026-02-18 Listed $125,000 MiRealSource-MiMLS
- 2026-02-18 Listed $125,000 REALCOMP
- 2026-02-13 Coming Soon $125,000 MiRealSource-MiMLS
- 1995-10-16 Sold (Public Records) $65,000 Public Records
- 1995-08-29 Sold (Public Records) $32,500 Public Records
Property tax history
-4.8%/yrLatest (2025): $1,708 · -9.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…