14128 Saint Marys St · Detroit, MI 48227

$139,900

5 bd · 1.5 ba · 1,734 sqft · SingleFamily public records · 23 Days on market

Built 1926 4,792 sqft lot Est $179k · 22% 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 +23.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +7.2/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, location, location, don’t get left out of the prime opportunity this spacious 4 bed, 2 bath Grandmont Neighborhood diamond-in-the-rough is!! Last occupied as a rental, this home sits in a very active part of the Rosedale Park collection of neighborhoods, sits just south of the newly renovated Grand River Business Corridor, and is only a few miles from the Millers Grove Meijer. This house is a blank canvas, come walk the space and see your own housing ideas come to life!! SOLD AS IS.

Key facts

• 4,792 sq ft lot
• Built 1926
• Listed 22 days

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities: Public water; Natural gas; Forced air heating
• Home design: Residential property; 1 1/2-story structure; Built in 1926; Facing/East side of street (side of street: E); City location (Detroit), subdivision: A M Campaus Glenmore Sub
• Construction: Brick and wood construction; Basement foundation; Basement present
• Exterior features: Porch; Paved street access; Frontage approximately 40 feet

Interior

• Kitchen:
• Bedrooms: Bedroom 1 on entry level — 9 x 10, wood floor; Bedroom 2 on entry level — 11 x 10, carpet; Bedroom 3 on second level — approx. 10 wide, carpet; Bedroom 4 on second level — 11 x 13, carpet; Bedroom 5 on entry level — 10 x 10, carpet
• Flooring: Wood flooring in at least one bedroom; Carpet in multiple bedrooms; Ceramic tile in bathrooms
• Bathrooms: 2 total baths/lavatories; 1 full bathroom; One lavatory (dimensions approx. 4 x 7); Bathroom on entry level (approx. 6 x 7) with ceramic flooring; Second-level lavatory with ceramic flooring
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: 7 total rooms; Unfinished basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 5-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (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 fast (+5.6%/yr); 392 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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).
• At $1,706/mo this rent would consume 56% of the median local household income ($37k/yr) (locally 2371% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 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.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 22 sale attempts since 29y ago; this cycle's ask is 115% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $43k; list at $140k implies a 225% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.22% ✓
• Cap rate: 8.46%
• Cash-on-cash: 7.75%
• DSCR: 1.35
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $178,602
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14121 Prevost St	0.14mi	4/2.5 (-1)	1,721 (-1%)	11mo	$242,000	$141	74
14010 Rutherford St	0.14mi	4/2.0 (-1)	1,840 (+6%)	5mo	$190,000	$103	72
14329 Montrose St	0.29mi	4/1.5 (-1)	1,775 (+2%)	9mo	$92,000	$52	70
14529 Asbury Park	0.36mi	4/2.0 (-1)	1,688 (-3%)	4mo	$127,500	$76	68
14174 Saint Marys St	0.05mi	4/2.0 (-1)	1,609 (-7%)	15mo	$189,000	$117	66
14050 Prevost St	0.17mi	4/2.0 (-1)	1,932 (+11%)	4mo	$165,000	$85	63
14004 Woodmont Ave	0.21mi	4/1.0 (-1)	1,939 (+12%)	2mo	$146,000	$75	62
14702 Winthrop St	0.54mi	4/2.0 (-1)	1,716 (-1%)	15mo	$70,000	$41	53
13501 Mettetal St	0.35mi	5/3.0	1,993 (+15%)	2mo	$255,000	$128	51
14885 Rutherford St	0.56mi	4/2.0 (-1)	1,580 (-9%)	8mo	$70,000	$44	45
14953 Winthrop St	0.68mi	4/2.5 (-1)	1,600 (-8%)	10mo	$183,000	$114	38
14802 Rutherford St	0.49mi	4/2.0 (-1)	1,481 (-15%)	13mo	$210,000	$142	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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: -1.2%
• Equity multiple: 0.95×
• Total profit: $-1,882
• Equity at exit: $20,860

10-year hold

• IRR: 11.3%
• Equity multiple: 2.00×
• Total profit: $39,281
• Equity at exit: $12,096

Cash invested: $39,172 (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 48227

• Rents YoY: 5.6%
• Active inventory: 392
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,706 high
• Mortgage (P&I): −$734
• Tax from tax record: −$303 /mo · $3,632/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $253

Break-even live

Break-even rent $1,386

Max offer price $139,900

Occupancy floor 80%

Sensitivity live

Price	-10% $332	-5% $293	+0% $253	+5% $214	+10% $174
Rent	-10% $118	-5% $186	+0% $253	+5% $321	+10% $388
Rate	-1.0pp $324	-0.5pp $289	base $253	+0.5pp $217	+1.0pp $180

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14504 Saint Marys St Detroit, MI	4.0	1.0	1362	$1,473	$1.08	45d	1	0.30mi
16014 Hackett St Detroit, MI	4.0	2.0	1142	$1,500	$1.31	45d	1	0.58mi
14941 Robson St Detroit, MI	6.0	2.0	1820	$1,600	$0.88	45d	1	0.87mi
14941 Robson St Detroit, MI	6.0	2.0	1820	$1,600	$0.88	26d	1	0.87mi
13581 Penrod St Detroit, MI	4.0	1.0	1152	$1,200	$1.04	45d	1	0.89mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	45d	1	1.00mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	18d	1	1.10mi
16210 Ferguson St Detroit, MI	4.0	2.0	1493	$1,750	$1.17	5d	1	1.41mi
10030 Abington Ave Detroit, MI	4.0	2.0	1350	$1,475	$1.09	12d	1	1.44mi

Listing history 50 events

1. 2026-06-21
   pricedays on market $139,900 Active 23 DOM
2. 2026-06-18
   days on market $149,900 Active 20 DOM
3. 2026-06-17
   days on market $149,900 Active 19 DOM
4. 2026-06-15
   days on market $149,900 Active 17 DOM
5. 2026-06-13
   days on market $149,900 Active 15 DOM
6. 2026-06-13
   days on market $149,900 Active 14 DOM
7. 2026-06-09
   days on market $149,900 Active 11 DOM
8. 2026-06-08
   days on market $149,900 Active 10 DOM
9. 2026-06-07
   days on market $149,900 Active 9 DOM
10. 2026-06-04
    days on market $149,900 Active 6 DOM
11. 2026-06-03
    days on market $149,900 Active 5 DOM
12. 2026-06-02
    days on market $149,900 Active 4 DOM
13. 2026-06-01
    days on market $149,900 Active 3 DOM
14. 2026-05-31
    days on market $149,900 Active 2 DOM
15. 2026-05-27
    historical $149,900
16. 2023-02-23
    soldstatus $43,000 Sold 503-char remark

    Show marketing remark (503 chars)

    Location, location, location, don’t get left out of the prime opportunity this spacious 4 bed, 2 bath Grandmont Neighborhood diamond-in-the-rough is!! Last occupied as a rental, this home sits in a very active part of the Rosedale Park collection of neighborhoods, sits just south of the newly renovated Grand River Business Corridor, and is only a few miles from the Millers Grove Meijer. This house is a blank canvas, come walk the space and see your own housing ideas come to life!! SOLD AS IS.

17. 2023-02-23
    soldstatus $43,000 Closed

    Show marketing remark (503 chars)

    Location, location, location, don’t get left out of the prime opportunity this spacious 4 bed, 2 bath Grandmont Neighborhood diamond-in-the-rough is!! Last occupied as a rental, this home sits in a very active part of the Rosedale Park collection of neighborhoods, sits just south of the newly renovated Grand River Business Corridor, and is only a few miles from the Millers Grove Meijer. This house is a blank canvas, come walk the space and see your own housing ideas come to life!! SOLD AS IS.

18. 2023-02-13
    status Pending

    Show marketing remark (503 chars)

    Location, location, location, don’t get left out of the prime opportunity this spacious 4 bed, 2 bath Grandmont Neighborhood diamond-in-the-rough is!! Last occupied as a rental, this home sits in a very active part of the Rosedale Park collection of neighborhoods, sits just south of the newly renovated Grand River Business Corridor, and is only a few miles from the Millers Grove Meijer. This house is a blank canvas, come walk the space and see your own housing ideas come to life!! SOLD AS IS.

19. 2023-02-13
    status Pending 503-char remark

    Show marketing remark (503 chars)

    Location, location, location, don’t get left out of the prime opportunity this spacious 4 bed, 2 bath Grandmont Neighborhood diamond-in-the-rough is!! Last occupied as a rental, this home sits in a very active part of the Rosedale Park collection of neighborhoods, sits just south of the newly renovated Grand River Business Corridor, and is only a few miles from the Millers Grove Meijer. This house is a blank canvas, come walk the space and see your own housing ideas come to life!! SOLD AS IS.

20. 2023-01-20
    listed $65,000 Active 503-char remark

    Show marketing remark (503 chars)

    Location, location, location, don’t get left out of the prime opportunity this spacious 4 bed, 2 bath Grandmont Neighborhood diamond-in-the-rough is!! Last occupied as a rental, this home sits in a very active part of the Rosedale Park collection of neighborhoods, sits just south of the newly renovated Grand River Business Corridor, and is only a few miles from the Millers Grove Meijer. This house is a blank canvas, come walk the space and see your own housing ideas come to life!! SOLD AS IS.

21. 2023-01-19
    listed $65,000 Active
22. 2022-01-24
    historical
23. 2022-01-24
    historical
24. 2021-12-07
    price $105,000
25. 2021-12-07
    price $105,000
26. 2021-12-03
    status Active
27. 2021-11-29
    historical
28. 2021-11-18
    price $120,000
29. 2021-11-18
    price $120,000
30. 2021-11-03
    price $127,500
31. 2021-11-03
    price $127,500
32. 2021-10-06
    price $135,000
33. 2021-10-06
    price $135,000
34. 2021-09-23
    listed $140,000 Active
35. 2021-09-23
    listed $140,000 Active
36. 2019-04-01
    historical
37. 2019-03-22
    status Pending
38. 2019-03-22
    status Pending
39. 2019-03-21
    historical
40. 2019-03-19
    listed $14,900 Active
41. 2019-03-19
    listed $14,900 Active
42. 2016-10-29
    historical
43. 2016-10-28
    historical
44. 2016-10-27
    historical
45. 2016-10-27
    historical
46. 2016-07-09
    status Active
47. 2016-07-05
    historical
48. 2016-06-30
    listed $27,000 Active
49. 2016-06-30
    listed $27,000 Active
50. 2016-06-30
    listed $27,000 Active

ⓘ 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: $3,632 · $303/mo
• Projected year-2 tax: $3,632 · $303/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 ≥98°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: $20,473
• − Mortgage interest: −$7,837
• − Property taxes: −$3,632
• − Insurance: −$700
• − Repairs & maintenance: −$1,638
• − Management: −$1,638
• − Depreciation: −$4,070
• Taxable income: $959
• Est. tax owed @ 24.0%: −$230
• After-tax cash flow: $2,808/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• 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

+172.5% since first listed

59 events — show timeline

• 2026-05-27 Coming Soon $149,900 MiRealSource-MiMLS
• 2023-02-23 Sold (MLS) $43,000 MiRealSource-MiMLS
• 2023-02-23 Sold (MLS) $43,000 REALCOMP
• 2023-02-13 Pending — MiRealSource-MiMLS
• 2023-02-13 Pending — REALCOMP
• 2023-01-20 Listed $65,000 REALCOMP
• 2023-01-19 Listed $65,000 MiRealSource-MiMLS
• 2022-01-24 Listing Removed — MiRealSource-MiMLS
• 2022-01-24 Listing Removed — REALCOMP
• 2021-12-07 Price Changed $105,000 MiRealSource-MiMLS
• 2021-12-07 Price Changed $105,000 REALCOMP
• 2021-12-03 Relisted — REALCOMP
• 2021-11-29 Listing Removed — REALCOMP
• 2021-11-18 Price Changed $120,000 MiRealSource-MiMLS
• 2021-11-18 Price Changed $120,000 REALCOMP
• 2021-11-03 Price Changed $127,500 MiRealSource-MiMLS
• 2021-11-03 Price Changed $127,500 REALCOMP
• 2021-10-06 Price Changed $135,000 MiRealSource-MiMLS
• 2021-10-06 Price Changed $135,000 REALCOMP
• 2021-09-23 Listed $140,000 MiRealSource-MiMLS
• 2021-09-23 Listed $140,000 REALCOMP
• 2019-04-01 Listing Removed — REALCOMP
• 2019-03-22 Pending — MiRealSource-MiMLS
• 2019-03-22 Pending — REALCOMP
• 2019-03-21 Listing Removed — MiRealSource-MiMLS
• 2019-03-19 Listed $14,900 MiRealSource-MiMLS
• 2019-03-19 Listed $14,900 REALCOMP
• 2016-10-29 Listing Removed — REALCOMP
• 2016-10-28 Listing Removed — MiRealSource-MiMLS
• 2016-10-27 Listing Removed — MiRealSource-MiMLS
• 2016-10-27 Listing Removed — REALCOMP
• 2016-07-09 Relisted — MiRealSource-MiMLS
• 2016-07-05 Listing Removed — MiRealSource-MiMLS
• 2016-06-30 Listed $27,000 MiRealSource-MiMLS
• 2016-06-30 Listed $27,000 MiRealSource-MiMLS
• 2016-06-30 Listed $27,000 REALCOMP
• 2016-06-30 Listed $27,000 REALCOMP
• 2016-05-19 Listing Removed — MiRealSource-MiMLS
• 2016-05-19 Listing Removed — REALCOMP
• 2016-04-19 Listed $24,900 MiRealSource-MiMLS
• 2016-04-19 Listed $24,900 REALCOMP
• 2008-10-07 Listing Removed — REALCOMP
• 2008-10-07 Listing Removed — MiRealSource-MiMLS
• 2008-04-22 Listed $10,600 REALCOMP
• 2008-04-22 Listed $10,600 MiRealSource-MiMLS
• 2008-04-07 Listing Removed — REALCOMP
• 2008-04-07 Listing Removed — MiRealSource-MiMLS
• 2008-01-18 Listed $49,900 REALCOMP
• 2008-01-18 Listed $49,900 MiRealSource-MiMLS
• 2004-03-09 Sold (MLS) $65,000 MiRealSource-MiMLS
• 2004-03-09 Sold (MLS) $65,000 REALCOMP
• 2004-01-23 Listing Removed — MiRealSource-MiMLS
• 2003-12-28 Listed $69,900 MiRealSource-MiMLS
• 2003-12-28 Listed $69,900 REALCOMP
• 2003-06-15 Listing Removed — REALCOMP
• 2003-01-15 Listed $120,000 REALCOMP
• 1998-01-29 Sold (Public Records) $50,000 Public Records
• 1997-08-11 Sold (MLS) $50,000 REALCOMP
• 1997-04-03 Listed $55,000 REALCOMP

Property tax history

+4.3%/yr

Latest (2025): $3,632 · -38.1% YoY. Source: county tax records.