20700 Damman St · Harper Woods, MI 48225

$229,900

3 bd · 1.5 ba · 1,255 sqft · SingleFamily public records · 4 Days on market

Built 1951 7,405 sqft lot Est $210k · 10% over

---

Why this score? — see what drove the F 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 +7.4/30.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• ARV discount +3.1/15.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.5/10.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 20700 Damman Street in Harper Woods, Michigan! This beautifully renovated bungalow combines timeless character with modern updates throughout. Fully remodeled in 2026, this move-in-ready home offers 3 bedrooms, 2 bathrooms, and a versatile layout designed for comfortable everyday living. The updated kitchen features sleek stainless steel appliances, modern finishes, and ample cabinet space, flowing seamlessly into the bright and inviting living room highlighted by a cozy fireplace. A separate family room provides a second living area, perfect for entertaining, relaxing, or creating a dedicated recreation space. The spacious upper-level primary suite offers a private retreat with a large bedroom and convenient half bath. The finished basement adds even more functional living space, ideal for a home office, gym, media room, or play area. Step outside to enjoy the private backyard and patio, perfect for summer gatherings and outdoor entertaining. Completing the property is a detached two-car garage, providing plenty of parking and storage. With its extensive 2026 renovations, finished basement, multiple living areas, and charming bungalow design, this home offers the perfect blend of style, comfort, and functionality. Schedule your private showing today! All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information.

Key facts

• Private backyard
• Finished basement
• Renovated bungalow

Tags

• RENOVATED BUNGALOW
• UPDATED KITCHEN
• COZY FIREPLACE
• SEPARATE FAMILY ROOM
• FINISHED BASEMENT
• PRIVATE BACKYARD

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half story; Ground-level entry; Brick construction
• Construction: Block foundation
• Exterior features: Paved road access; Lot approximately 0.17 acres (45 x 160.11)

Interior

• Bedrooms: 6 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Finished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-298 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (22.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (31.7% below list).
• Recommended offer: $157k (31.7% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 7.6% in Harper Woods — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 73/100 on livability (#199 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, health & safety D+, crime F.
• Harper Woods School District (suburban): math 4% / reading 15% proficiency, ranked #524 of 540 in MI (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Beacon Elementary School (338 students, 84% FRL); Harper Woods Middle School (math 4% / reading 19%, grade F, #469 of 493 statewide, top 95%, 313 students, 82% FRL).
• Market conditions: Rents rising fast (+5.1%/yr); 135 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 31% of the median local income ($62k/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 $2k of loan paydown is wiped out by about $7k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y 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.
• Current owner paid $158k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $156,983 (31.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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. 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?
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: 0.68% ✗
• Cap rate: 4.74%
• Cash-on-cash: -5.56%
• DSCR: 0.75
• GRM: 12.2

CMA / ARV

• ARV (on-the-fly): $209,585
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20506 Lochmoor St	0.23mi	3/1.5	1,170 (-7%)	0mo	$179,550	$153	78
20631 Lochmoor St	0.23mi	3/2.5	1,311 (+4%)	2mo	$219,000	$167	76
20640 Fleetwood Dr	0.38mi	3/1.0	1,300 (+4%)	1mo	$125,000	$96	73
20260 Lancaster St	0.43mi	4/2.0 (+1)	1,272 (+1%)	1mo	$112,700	$89	70
21135 Littlestone Rd	0.50mi	3/1.0	1,119 (-11%)	1mo	$187,500	$168	56
1866 Country Club Rd	0.66mi	3/1.5	1,367 (+9%)	1mo	$299,000	$219	54
20488 Fleetwood Dr	0.40mi	4/1.5 (+1)	1,401 (+12%)	4mo	$189,900	$136	53
20520 Anita St	0.72mi	2/1.0 (-1)	1,318 (+5%)	4mo	$139,000	$105	48
1818 Norwood Dr	0.65mi	3/1.0	1,125 (-10%)	3mo	$270,000	$240	48
21211 Newcastle Rd	0.74mi	3/1.0	1,120 (-11%)	2mo	$135,000	$121	44
1992 Lennon St	0.72mi	3/1.0	1,400 (+12%)	4mo	$275,000	$196	42
1817 Manchester Blvd	0.73mi	3/1.5	1,440 (+15%)	4mo	$316,000	$219	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 · 5.1% rent growth · sell at horizon

5-year hold

• IRR: -23.6%
• Equity multiple: 0.18×
• Total profit: $-52,859
• Equity at exit: $34,279

10-year hold

• IRR: -13.9%
• Equity multiple: 0.13×
• Total profit: $-55,998
• Equity at exit: $19,878

Cash invested: $64,372 (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 48225

• Rents YoY: 5.1%
• Active inventory: 135
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $1,570 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$237 /mo · $2,842/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $-298

Break-even live

Break-even rent $1,947

Max offer price $177,244

Occupancy floor —

Sensitivity live

Price	-10% $-168	-5% $-233	+0% $-298	+5% $-363	+10% $-428
Rent	-10% $-422	-5% $-360	+0% $-298	+5% $-236	+10% $-174
Rate	-1.0pp $-182	-0.5pp $-240	base $-298	+0.5pp $-358	+1.0pp $-418

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20015 Lochmoor St Harper Woods, MI	3.0	1.0	1006	$1,500	$1.49	19d	1	0.44mi
1883 Lochmoor Blvd Grosse Pointe Woods, MI	3.0	2.5	1744	$2,900	$1.66	0d	1	0.61mi
20600 Balfour St Harper Woods, MI	1.0–2.0	1.0–2.0	971	$1,640	$1.69	0d	14	0.77mi
20461 Kingsville St Harper Woods, MI	4.0	1.0	1100	$1,399	$1.27	17d	1	0.79mi
19203 Edgefield St Harper Woods, MI	2.0	1.0	1100	$1,100	$1.00	26d	1	0.83mi
19661 Kenosha St Harper Woods, MI	3.0	2.0	1000	$1,400	$1.40	26d	1	0.88mi
20270 Hollywood St Harper Woods, MI	3.0	1.0	1228	$1,650	$1.34	0d	1	0.89mi
21401 Kingsville St Harper Woods, MI	2.0	1.0	944	$1,200	$1.27	26d	1	0.92mi
1992 Hawthorne Rd Grosse Pointe Woods, MI	3.0	2.0	1071	$2,100	$1.96	12d	1	0.95mi
2175 Ridgemont Rd Grosse Pointe Woods, MI	2.0	1.0	1100	$1,300	$1.18	46d	1	0.95mi
20926 Moross Rd Grosse Pointe, MI	3.0	1.0	1200	$1,350	$1.12	46d	1	0.97mi
19168 Berden St Grosse Pointe, MI	3.0	1.0	1200	$1,800	$1.50	0d	1	1.02mi
19152 Woodside St Harper Woods, MI	3.0	1.0	916	$1,500	$1.64	19d	1	1.04mi
19442 Kingsville St Harper Woods, MI	3.0	1.0	1000	$1,500	$1.50	19d	1	1.06mi
10870 Marne St Detroit, MI	3.0	1.0	1156	$1,100	$0.95	19d	1	1.07mi
19639 Moross Rd Unit 1 Detroit, MI	2.0	1.0	900	$1,100	$1.22	46d	1	1.07mi
10985 Peerless St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	7d	1	1.07mi
19435 McCormick St Detroit, MI	3.0	2.0	1148	$1,300	$1.13	19d	1	1.08mi
19365 Kingsville St Harper Woods, MI	4.0	1.5	996	$1,650	$1.66	17d	1	1.09mi
10542 Lanark St Detroit, MI	3.0	1.0	1023	$1,250	$1.22	46d	1	1.17mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	46d	1	1.24mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	46d	1	1.24mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	15d	1	1.24mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	1d	1	1.24mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	46d	1	1.30mi
6175 Marseilles St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	46d	1	1.32mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	46d	1	1.33mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	17d	1	1.33mi
19000 Chandler Park Dr Grosse Pointe, MI	2.0	1.0	1374	$2,195	$1.60	0d	1	1.36mi
19000 Chandler Park Dr Grosse Pointe, MI	2.0	1.0	1374	$2,300	$1.67	1d	1	1.36mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	5d	1	1.41mi
5915 Farmbrook St Detroit, MI	3.0	1.5	1000	$1,250	$1.25	26d	1	1.41mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	15d	1	1.44mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	20d	1	1.46mi
1150 Anita Ave Grosse Pointe Woods, MI	3.0	1.5	1129	$2,600	$2.30	12d	1	1.48mi
1150 Anita Ave Grosse Pointe Woods, MI	3.0	1.5	1829	$2,600	$1.42	46d	1	1.48mi
16446 E State Fair St Detroit, MI	2.0	1.0	1200	$1,350	$1.12	26d	1	1.48mi
18530 Kingsville St Harper Woods, MI	3.0	1.5	1396	$1,375	$0.98	19d	1	1.49mi

Listing history 4 events

1. 2026-06-22
   days on market $229,900 Active 4 DOM
2. 2026-06-21
   days on market $229,900 Active 3 DOM
3. 2026-06-18
   remarks 699-char remark

   Show marketing remark (1385 chars)

   Welcome to 20700 Damman Street in Harper Woods, Michigan! This beautifully renovated bungalow combines timeless character with modern updates throughout. Fully remodeled in 2026, this move-in-ready home offers 3 bedrooms, 2 bathrooms, and a versatile layout designed for comfortable everyday living. The updated kitchen features sleek stainless steel appliances, modern finishes, and ample cabinet space, flowing seamlessly into the bright and inviting living room highlighted by a cozy fireplace. A separate family room provides a second living area, perfect for entertaining, relaxing, or creating a dedicated recreation space. The spacious upper-level primary suite offers a private retreat with a large bedroom and convenient half bath. The finished basement adds even more functional living space, ideal for a home office, gym, media room, or play area. Step outside to enjoy the private backyard and patio, perfect for summer gatherings and outdoor entertaining. Completing the property is a detached two-car garage, providing plenty of parking and storage. With its extensive 2026 renovations, finished basement, multiple living areas, and charming bungalow design, this home offers the perfect blend of style, comfort, and functionality. Schedule your private showing today! All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information.

4. 2026-06-18
   listed $229,900 Active 1 DOM

   Show marketing remark (1385 chars)

   Welcome to 20700 Damman Street in Harper Woods, Michigan! This beautifully renovated bungalow combines timeless character with modern updates throughout. Fully remodeled in 2026, this move-in-ready home offers 3 bedrooms, 2 bathrooms, and a versatile layout designed for comfortable everyday living. The updated kitchen features sleek stainless steel appliances, modern finishes, and ample cabinet space, flowing seamlessly into the bright and inviting living room highlighted by a cozy fireplace. A separate family room provides a second living area, perfect for entertaining, relaxing, or creating a dedicated recreation space. The spacious upper-level primary suite offers a private retreat with a large bedroom and convenient half bath. The finished basement adds even more functional living space, ideal for a home office, gym, media room, or play area. Step outside to enjoy the private backyard and patio, perfect for summer gatherings and outdoor entertaining. Completing the property is a detached two-car garage, providing plenty of parking and storage. With its extensive 2026 renovations, finished basement, multiple living areas, and charming bungalow design, this home offers the perfect blend of style, comfort, and functionality. Schedule your private showing today! All information deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information.

ⓘ 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: $2,842 · $237/mo
• Projected year-2 tax: $3,191 · $266/mo
• Expected delta: +$349/yr (+$29/mo · 12.3%)

ⓘ 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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,838
• − Mortgage interest: −$12,878
• − Property taxes: −$2,842
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,507
• − Management: −$1,507
• − Depreciation: −$6,688
• Taxable loss: −$7,733
• Est. tax savings @ 24.0%: +$1,856
• After-tax cash flow: $-1,721/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: Harper Woods School District
• NCES district ID: 2617760
• Math proficiency: 4% ▼ -7.00%
• Reading proficiency: 15% ▼ -9.00%
• Median HH income: $46,155
• Composite: 8.8/100
• National rank: #9892
• State rank: #524 of 540 in MI

Livability — Harper Woods

• Score: 73/100
• State rank: #199
• US rank: #5054

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harper Woods, MI
• County: Wayne County · 1,562,939 people
• City population: 16,098
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 16,098
• Household income: $61,750
• Rent vs Own: 33.8% rent · 66.2% own
• Severe rent burden: 410.0

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 (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Lithuanian 1% German 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Arabic 2% 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: ▼ -150.40%
• Current HPI: 181.4961
• Rent YoY: ▲ 5.10%
• 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

+41.1% since first listed

11 events — show timeline

• 2026-06-18 Listed $229,900 MiRealSource-MiMLS
• 2026-06-18 Listed $229,900 REALCOMP
• 2005-12-01 Sold (Public Records) $158,000 Public Records
• 2005-09-09 Sold (Public Records) $118,000 Public Records
• 2005-09-07 Sold (MLS) $118,000 MiRealSource-MiMLS
• 2005-07-29 Listing Removed — MiRealSource-MiMLS
• 2005-02-01 Listed $127,900 MiRealSource-MiMLS
• 2003-09-02 Sold (Public Records) $161,000 Public Records
• 2003-07-03 Sold (MLS) $161,000 MiRealSource-MiMLS
• 2003-06-09 Listing Removed — MiRealSource-MiMLS
• 2003-04-17 Listed $162,900 MiRealSource-MiMLS

Property tax history

+2.4%/yr

Latest (2025): $2,842 · -1.0% YoY. Source: county tax records.