10360 Crocuslawn St · Detroit, MI 48204

$43,999

3 bd · 1.0 ba · 1,339 sqft · SingleFamily public records · 180 Days on market

Built 1927 4,356 sqft lot $33/sqft · at area comps Est $44k · at est.

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.7/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

Charming 3-bedroom, 1.5-bath home! Bright, functional layout with plenty of space, close to shopping, and major roads perfect for first-time buyers or investors.

Key facts

• 4,356 sq ft lot
• Garage
• Built 1927

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $44k.

Deal economics

• At list price, monthly cash flow is $586 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $44k).
• Recommended offer: $39k (12.0% below list) — sets the bar for market timing.
• Cap rate 22.3% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 244 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $5k of equity ($304 loan paydown + $4k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 20y ago; this cycle's ask has dropped $6k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $44k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $38,719 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 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 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.66% ✓
• Cap rate: 22.27%
• Cash-on-cash: 57.07%
• DSCR: 3.54
• GRM: 3.1

CMA / ARV

• ARV (median comp): $44,189
• List price: $43,999
• Delta: -0.43%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10405 Orangelawn St	0.05mi	3/1.5	1,350 (+1%)	3mo	$7,000	$5	92
10340 Maplelawn St	0.10mi	3/2.0	1,296 (-3%)	5mo	$27,000	$21	82
9206 Pinehurst St	0.42mi	3/1.5	1,308 (-2%)	3mo	$45,000	$34	72
9412 Steel St	0.42mi	3/1.5	1,353 (+1%)	7mo	$95,000	$70	71
12027 Manor St	0.57mi	3/1.0	1,340 (+0%)	3mo	$86,750	$65	70
10327 Kramer St	0.62mi	3/1.5	1,273 (-5%)	0mo	$133,770	$105	61
12096 Meyers Rd	0.64mi	3/1.0	1,248 (-7%)	0mo	$30,000	$24	59
9145 Pinehurst St	0.48mi	3/1.5	1,240 (-7%)	5mo	$66,000	$53	59
8999 Griggs St	0.50mi	3/2.0	1,196 (-11%)	0mo	$190,000	$159	54
12026 Manor Arc	0.56mi	3/1.0	1,200 (-10%)	8mo	$65,000	$54	50
11931 Wisconsin St	0.72mi	3/3.0	1,407 (+5%)	5mo	$135,900	$97	46
9982 Littlefield St	0.63mi	3/1.0	1,152 (-14%)	8mo	$47,000	$41	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 69.7%
• Equity multiple: 5.98×
• Total profit: $61,317
• Equity at exit: $39,638

10-year hold

• IRR: 63.4%
• Equity multiple: 13.28×
• Total profit: $151,301
• Equity at exit: $85,480

Cash invested: $12,320 (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 48204

• Home prices YoY: 18.5%
• Active inventory: 244
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,170 high
• Mortgage (P&I): −$231
• Tax from tax record: −$89 /mo · $1,072/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $586

Break-even live

Break-even rent $428

Max offer price $43,999

Occupancy floor 45%

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: $11,000
• Closing costs: $1,320
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10359 Violetlawn St Unit 1 Detroit, MI	2.0	1.0	1200	$985	$0.82	43d	1	0.04mi
10303 Morley St #1 Detroit, MI	2.0	1.0	950	$950	$1.00	43d	1	0.11mi
10002 Manor Unit 1 Detroit, MI	2.0	1.0	1000	$1,050	$1.05	43d	1	0.25mi
10002 Manor Unit 2 Detroit, MI	3.0	1.0	1100	$1,150	$1.05	43d	1	0.25mi
9558 Meyers Rd Detroit, MI	3.0	1.0	950	$1,150	$1.21	43d	1	0.25mi
9209 Pinehurst St Detroit, MI	3.0	1.0	1589	$1,500	$0.94	43d	1	0.40mi
12775 Plymouth Rd Unit 16 Detroit, MI	2.0	1.0	1009	$825	$0.82	43d	1	0.46mi
9355 Ward St Detroit, MI	3.0	1.0	1200	$1,327	$1.11	43d	1	0.57mi
12144 Washburn St Detroit, MI	3.0	1.0	1200	$1,200	$1.00	14d	1	0.71mi
9340 Hartwell St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	43d	1	0.72mi
9022 Northlawn St Detroit, MI	2.0	1.0	1100	$1,300	$1.18	24d	1	0.74mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,100	$1.00	43d	1	0.83mi
12468 Mendota St Detroit, MI	2.0	1.0	1100	$1,000	$0.91	24d	1	0.83mi
8283 Pinehurst St Unit 2 Detroit, MI	2.0	1.0	1000	$900	$0.90	43d	1	0.89mi
12650 Griggs St Detroit, MI	3.0	2.0	1628	$1,375	$0.84	24d	1	0.93mi
12303 Cloverlawn St Detroit, MI	3.0	1.5	1454	$1,400	$0.96	43d	1	0.96mi
8320 Northlawn St Detroit, MI	3.0	1.0	1737	$1,550	$0.89	20d	1	1.01mi
8230 Ohio St Detroit, MI	3.0	1.0	1350	$1,200	$0.89	16d	1	1.06mi
8143 Wisconsin St Detroit, MI	4.0	1.0	1370	$1,800	$1.31	1d	1	1.07mi
12703 Northlawn St Detroit, MI	2.0	1.0	1365	$1,053	$0.77	20d	1	1.11mi
8353 Alpine St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	43d	1	1.14mi
12032 Santa Rosa Dr Unit 1 Detroit, MI	3.0	1.0	900	$1,423	$1.58	4d	1	1.28mi
12123 Santa Rosa Dr Detroit, MI	2.0	1.0	1680	$1,000	$0.60	24d	1	1.29mi
12019 Stoepel St Detroit, MI	2.0	1.0	1000	$943	$0.94	4d	1	1.29mi
9590 Marlowe St Detroit, MI	2.0	1.0	877	$1,430	$1.63	43d	1	1.30mi
12415 Monica St Detroit, MI	2.0	1.0	1000	$1,200	$1.20	43d	1	1.36mi
14740 W Chicago Unit B Detroit, MI	2.0	1.0	900	$845	$0.94	43d	1	1.37mi
11431 Marlowe St Detroit, MI	3.0	1.0	1172	$1,400	$1.19	16d	1	1.37mi
9501 Lauder St Detroit, MI	3.0	2.0	1152	$1,350	$1.17	43d	1	1.38mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	4d	1	1.40mi
9789 Chenlot St Unit 1 Detroit, MI	2.0	1.0	1000	$1,000	$1.00	4d	1	1.43mi
13910 Kentucky St Detroit, MI	2.0	1.0	1680	$1,000	$0.60	43d	1	1.46mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	17d	1	1.47mi
12039 Lauder St Detroit, MI	3.0	1.5	1000	$1,500	$1.50	24d	1	1.49mi

Listing history 45 events

1. 2026-06-13
   days on market $43,999 Active 180 DOM
2. 2026-06-13
   days on market $43,999 Active 179 DOM
3. 2026-06-09
   days on market $43,999 Active 176 DOM
4. 2026-06-08
   days on market $43,999 Active 175 DOM
5. 2026-06-07
   days on market $43,999 Active 174 DOM
6. 2026-06-04
   days on market $43,999 Active 171 DOM
7. 2026-06-03
   days on market $43,999 Active 170 DOM
8. 2026-06-01
   days on market $43,999 Active 168 DOM
9. 2026-05-31
   days on market $43,999 Active 167 DOM
10. 2026-01-29
    price $43,999 161-char remark

    Show marketing remark (161 chars)

    Charming 3-bedroom, 1.5-bath home! Bright, functional layout with plenty of space, close to shopping, and major roads perfect for first-time buyers or investors.

11. 2026-01-29
    price $43,999 161-char remark

    Show marketing remark (161 chars)

    Charming 3-bedroom, 1.5-bath home! Bright, functional layout with plenty of space, close to shopping, and major roads perfect for first-time buyers or investors.

12. 2026-01-15
    price $45,000 161-char remark

    Show marketing remark (161 chars)

    Charming 3-bedroom, 1.5-bath home! Bright, functional layout with plenty of space, close to shopping, and major roads perfect for first-time buyers or investors.

13. 2026-01-14
    price $45,000 161-char remark

    Show marketing remark (161 chars)

    Charming 3-bedroom, 1.5-bath home! Bright, functional layout with plenty of space, close to shopping, and major roads perfect for first-time buyers or investors.

14. 2025-12-15
    listed $50,000 Active 161-char remark

    Show marketing remark (161 chars)

    Charming 3-bedroom, 1.5-bath home! Bright, functional layout with plenty of space, close to shopping, and major roads perfect for first-time buyers or investors.

15. 2025-12-15
    listed $50,000 Active 161-char remark

    Show marketing remark (161 chars)

    Charming 3-bedroom, 1.5-bath home! Bright, functional layout with plenty of space, close to shopping, and major roads perfect for first-time buyers or investors.

16. 2024-11-05
    historical
17. 2024-11-05
    historical
18. 2024-08-28
    price $69,000
19. 2024-08-27
    price $69,000
20. 2024-08-13
    price $70,000
21. 2024-08-12
    price $70,000
22. 2024-08-09
    price $78,500
23. 2024-08-09
    price $78,500
24. 2024-06-27
    listed $79,900 Active
25. 2024-06-27
    listed $79,900 Active
26. 2024-06-26
    historical
27. 2024-06-26
    historical
28. 2023-02-09
    historical
29. 2023-02-09
    historical
30. 2023-02-01
    listed $49,999 Active
31. 2023-02-01
    listed $49,999 Active
32. 2008-08-01
    historical
33. 2008-08-01
    historical
34. 2008-02-12
    listed $6,900
35. 2008-02-12
    listed $6,900
36. 2007-12-19
    historical
37. 2007-12-17
    historical
38. 2007-06-14
    listed $9,900
39. 2007-06-14
    listed $9,900
40. 2007-06-02
    listed $9,900
41. 2007-05-20
    historical
42. 2007-02-20
    listed $11,900
43. 2007-02-07
    historical
44. 2006-09-18
    listed $11,900
45. 2002-11-12
    soldstatus $22,000

ⓘ 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: $1,072 · $89/mo
• Projected year-2 tax: $1,072 · $89/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 ≥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: $14,040
• − Mortgage interest: −$2,465
• − Property taxes: −$1,072
• − Insurance: −$220
• − Repairs & maintenance: −$1,123
• − Management: −$1,123
• − Depreciation: −$1,280
• Taxable income: $6,757
• Est. tax owed @ 24.0%: −$1,622
• After-tax cash flow: $5,409/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): 20,696
• Household income: $34,468
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1418.0

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 (86%)
• Race & ethnicity: Black 86% Two or more races 7% Hispanic / Latino 5% White 4% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▲ 36.51%
• Current HPI: 234.0465
• Rent YoY: —
• 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

+100.0% since first listed

36 events — show timeline

• 2026-01-29 Price Changed $43,999 MiRealSource-MiMLS
• 2026-01-29 Price Changed $43,999 REALCOMP
• 2026-01-15 Price Changed $45,000 MiRealSource-MiMLS
• 2026-01-14 Price Changed $45,000 REALCOMP
• 2025-12-15 Listed $50,000 REALCOMP
• 2025-12-15 Listed $50,000 MiRealSource-MiMLS
• 2024-11-05 Listing Removed — REALCOMP
• 2024-11-05 Listing Removed — MiRealSource-MiMLS
• 2024-08-28 Price Changed $69,000 MiRealSource-MiMLS
• 2024-08-27 Price Changed $69,000 REALCOMP
• 2024-08-13 Price Changed $70,000 MiRealSource-MiMLS
• 2024-08-12 Price Changed $70,000 REALCOMP
• 2024-08-09 Price Changed $78,500 MiRealSource-MiMLS
• 2024-08-09 Price Changed $78,500 REALCOMP
• 2024-06-27 Listed $79,900 MiRealSource-MiMLS
• 2024-06-27 Listed $79,900 REALCOMP
• 2024-06-26 Coming Soon — MiRealSource-MiMLS
• 2024-06-26 Coming Soon — REALCOMP
• 2023-02-09 Listing Removed — MiRealSource-MiMLS
• 2023-02-09 Listing Removed — REALCOMP
• 2023-02-01 Listed $49,999 MiRealSource-MiMLS
• 2023-02-01 Listed $49,999 REALCOMP
• 2008-08-01 Listing Removed — REALCOMP
• 2008-08-01 Listing Removed — MiRealSource-MiMLS
• 2008-02-12 Listed $6,900 REALCOMP
• 2008-02-12 Listed $6,900 MiRealSource-MiMLS
• 2007-12-19 Listing Removed — MiRealSource-MiMLS
• 2007-12-17 Listing Removed — REALCOMP
• 2007-06-14 Listed $9,900 REALCOMP
• 2007-06-14 Listed $9,900 MiRealSource-MiMLS
• 2007-06-02 Listed $9,900 REALCOMP
• 2007-05-20 Listing Removed — REALCOMP
• 2007-02-20 Listed $11,900 REALCOMP
• 2007-02-07 Listing Removed — REALCOMP
• 2006-09-18 Listed $11,900 REALCOMP
• 2002-11-12 Sold (Public Records) $22,000 Public Records

Property tax history

+14.6%/yr

Latest (2025): $1,072 · -53.8% YoY. Source: county tax records.