19337 Annott St · Detroit, MI 48205

$62,000

3 bd · 1.0 ba · 866 sqft · SingleFamily public records · 4 Days on market

Built 1944 5,227 sqft lot $72/sqft · 44% above area Est $43k · 44% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Listing remarks MLS

* * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

Key facts

• Proximity to schools
• Pulaski neighborhood
• 5,227 sq ft lot

Tags

• PULASKI NEIGHBORHOOD
• EAST SIDE DETROIT LOCATION
• QUIET RESIDENTIAL STREET
• EASY ACCESS TO MAJOR HIGHWAYS
• CLOSE TO EVERYDAY AMENITIES
• PROXIMITY TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $62k.

Deal economics

• At list price, monthly cash flow is $578 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Cap rate 17.5% 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 (+1.3%/yr); 373 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 40% 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 $429 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 + 1.3% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 16y ago; this cycle's ask has dropped $13k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $62,000

Questions for the listing agent

1. Built in 1944 — 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: 2.08% ✓
• Cap rate: 17.49%
• Cash-on-cash: 39.98%
• DSCR: 2.78
• GRM: 4.0

CMA / ARV

• ARV (median comp): $42,969
• List price: $62,000
• Delta: 44.29%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19361 Beland St	0.34mi	3/1.0	901 (+4%)	2mo	$47,500	$53	76
19140 Algonac St	0.40mi	2/1.0 (-1)	892 (+3%)	1mo	$46,000	$52	71
19161 Hamburg St	0.26mi	3/1.0	960 (+11%)	2mo	$116,000	$121	68
19616 Westphalia St	0.57mi	3/1.0	884 (+2%)	4mo	$60,000	$68	67
18982 Hamburg St	0.35mi	3/1.0	952 (+10%)	3mo	$45,000	$47	65
18488 Waltham St	0.61mi	3/1.0	902 (+4%)	4mo	$56,000	$62	62
19758 Waltham St	0.50mi	3/1.0	790 (-9%)	3mo	$6,000	$8	59
19633 Barlow St	0.38mi	3/1.5	962 (+11%)	3mo	$72,000	$75	59
19730 Goulburn St	0.55mi	3/1.5	977 (+13%)	1mo	$114,000	$117	50
20091 Annott St	0.56mi	2/1.0 (-1)	747 (-14%)	1mo	$12,800	$17	45
20259 Bradford St	0.65mi	4/1.0 (+1)	979 (+13%)	4mo	$68,000	$69	40
17892 Runyon St	0.73mi	3/1.5	995 (+15%)	2mo	$56,000	$56	38

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

5-year hold

• IRR: 34.4%
• Equity multiple: 2.42×
• Total profit: $24,680
• Equity at exit: $9,244

10-year hold

• IRR: 40.4%
• Equity multiple: 4.49×
• Total profit: $60,560
• Equity at exit: $5,361

Cash invested: $17,360 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 373
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$325
• Tax from tax record: −$92 /mo · $1,099/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $578

Break-even live

Break-even rent $560

Max offer price $62,000

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	44d	1	0.10mi
19335 Hoover St Detroit, MI	2.0	1.0	620	$1,099	$1.77	17d	1	0.11mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.48mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	0.51mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	0.60mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	17d	1	0.64mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	44d	1	0.67mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	44d	1	0.68mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	22d	1	0.73mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.73mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	0.74mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.77mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	17d	1	0.80mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	3d	1	0.81mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	0.85mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	17d	1	0.86mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	17d	1	0.98mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	1.02mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	17d	1	1.04mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	1.04mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	1.08mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	1.08mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	12d	1	1.13mi
21412 Waltham Rd Warren, MI	2.0	1.0	696	$1,225	$1.76	44d	1	1.25mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	24d	1	1.25mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	44d	1	1.28mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	44d	1	1.30mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.33mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	44d	1	1.33mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.34mi
19691 Cliff St #1 Detroit, MI	2.0	1.0	850	$1,050	$1.24	5d	1	1.35mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	24d	1	1.41mi
11319 Chalmers Ave Warren, MI	3.0	1.0	975	$1,500	$1.54	24d	1	1.44mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	24d	1	1.47mi
11236 Studebaker Ave Warren, MI	2.0	1.0	672	$1,175	$1.75	44d	1	1.48mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	17d	1	1.48mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	44d	1	1.50mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	17d	1	1.50mi

Listing history 35 events

1. 2026-06-18
   days on market $62,000 Active 4 DOM
2. 2026-06-17
   days on market $62,000 Active 3 DOM
3. 2026-06-16
   days on market $62,000 Active 2 DOM
4. 2026-06-15
   days on marketlisting id $62,000 Active 1 DOM
5. 2026-06-15
   remarks 699-char remark
6. 2026-06-15
   days on marketlisting id $62,000 Active 2 DOM
7. 2026-06-13
   days on market $62,000 Active 302 DOM
8. 2026-06-13
   days on market $62,000 Active 301 DOM
9. 2026-06-09
   days on market $62,000 Active 298 DOM
10. 2026-06-08
    days on market $62,000 Active 297 DOM
11. 2026-06-07
    days on market $62,000 Active 296 DOM
12. 2026-06-04
    days on market $62,000 Active 293 DOM
13. 2026-06-03
    days on market $62,000 Active 292 DOM
14. 2026-06-01
    days on market $62,000 Active 290 DOM
15. 2026-05-31
    days on market $62,000 Active 289 DOM
16. 2026-04-14
    price $65,000 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

17. 2026-04-14
    price $65,000 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

18. 2026-02-21
    price $70,000 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

19. 2026-02-20
    price $70,000 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

20. 2026-01-06
    price $74,000 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

21. 2026-01-06
    price $74,000 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

22. 2025-08-13
    listed $75,000 Active 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

23. 2025-08-13
    listed $75,000 Active 261-char remark

    Show marketing remark (261 chars)

    * * * Seller May be open to LAND CONTRACT TERMS * * * * Welcome to this charming home on Detroit!!!! this well-maintained property w Enjoy the convenience of being close to fantastic restaurants, shops, major highways, and more. Don't miss the opportunity

24. 2021-04-27
    soldstatus $68,900
25. 2010-05-04
    soldstatus $3,157
26. 2010-05-04
    soldstatus $3,157
27. 2010-04-20
    historical
28. 2010-04-12
    listed $2,900
29. 2010-04-12
    listed $2,900
30. 2010-02-18
    historical
31. 2010-02-18
    historical
32. 2010-02-06
    listed $2,900
33. 2010-02-06
    listed $2,900
34. 2004-01-13
    soldstatus $53,000
35. 1994-06-27
    soldstatus $16,500

ⓘ 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: $1,099 · $92/mo
• Projected year-2 tax: $1,099 · $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 3/10 Moderate 7 d/yr ≥96°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: $15,507
• − Mortgage interest: −$3,473
• − Property taxes: −$1,099
• − Insurance: −$310
• − Repairs & maintenance: −$1,241
• − Management: −$1,241
• − Depreciation: −$1,804
• Taxable income: $6,340
• Est. tax owed @ 24.0%: −$1,522
• After-tax cash flow: $5,418/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% 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
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+293.9% since first listed

20 events — show timeline

• 2026-04-14 Price Changed $65,000 MiRealSource-MiMLS
• 2026-04-14 Price Changed $65,000 REALCOMP
• 2026-02-21 Price Changed $70,000 MiRealSource-MiMLS
• 2026-02-20 Price Changed $70,000 REALCOMP
• 2026-01-06 Price Changed $74,000 MiRealSource-MiMLS
• 2026-01-06 Price Changed $74,000 REALCOMP
• 2025-08-13 Listed $75,000 REALCOMP
• 2025-08-13 Listed $75,000 MiRealSource-MiMLS
• 2021-04-27 Sold (Public Records) $68,900 Public Records
• 2010-05-04 Sold (MLS) $3,157 REALCOMP
• 2010-05-04 Sold (MLS) $3,157 MiRealSource-MiMLS
• 2010-04-20 Listing Removed — MiRealSource-MiMLS
• 2010-04-12 Listed $2,900 REALCOMP
• 2010-04-12 Listed $2,900 MiRealSource-MiMLS
• 2010-02-18 Listing Removed — MiRealSource-MiMLS
• 2010-02-18 Listing Removed — REALCOMP
• 2010-02-06 Listed $2,900 MiRealSource-MiMLS
• 2010-02-06 Listed $2,900 REALCOMP
• 2004-01-13 Sold (Public Records) $53,000 Public Records
• 1994-06-27 Sold (Public Records) $16,500 Public Records

Property tax history

-0.2%/yr

Latest (2025): $1,099 · -53.8% YoY. Source: county tax records.