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16591 Asbury Park
D Composite 42.14
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 +14.9/30.0
  • ARV discount +7.5/15.0
  • DSCR +4.6/10.0
  • 1% rule +4.4/10.0
  • Livability +3.7/5.0
  • Rent growth +3.3/5.0
  • Condition / age +2.5/5.0
  • Schools +1.3/10.0
  • Appreciation +0.0/10.0

$169,999

16591 Asbury Park · Detroit, MI 48235
4 bd · 1.0 ba · 1,191 sqft · SingleFamily public records · 116 Days on market
Built 1938 4,356 sqft lot

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

* OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

Key facts

  • Brick bungalow
  • Remodeled
  • Convenient access

Tags

BRICK BUNGALOWREMODELEDBRAND-NEW ROOFBRAND-NEW DRIVEWAYCONVENIENT ACCESS

Property features AI

Exterior

  • Parking: No garage
  • Utilities: Public water; Public sewer
  • Home design: Single-family residence; One and one-half stories; Ground-level entry with steps
  • Construction: Brick construction; Brick/mortar foundation
  • Exterior features: Paved road access; Lot approximately 0.1 acres (40 x 109.52)

Interior

  • Bathrooms: One full bathroom
  • Heating & cooling: Forced air heating; Natural gas heating; No cooling
  • Interior features: Finished basement; Seven total rooms

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/1.0-bath single-family listed at $170k.

Deal economics

  • At list price, monthly cash flow is $50 ($597/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $160k (5.9% below list).
  • Recommended offer: $155k (9.0% below list) — sets the bar for market timing.
  • Cap rate 6.6% vs local median 10.2% in Detroit — 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 (#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 (+3.2%/yr); 283 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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).
  • At $1,600/mo this rent would consume 49% of the median local household income ($39k/yr) (locally 3064% 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 $1k of loan paydown is wiped out by about $5k 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 116 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
  • 9 sale attempts since 17y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $84k; list at $170k implies a 102% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $154,699 (9.0% below list)

Questions for the listing agent

  1. It's been on market 116 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1938 — 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. 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?
  8. 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.
  9. 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.
  10. 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
0.94%
Cap rate
6.64%
Cash-on-cash
1.25%
DSCR
1.06
GRM
8.9

CMA / ARV

ARV (on-the-fly)
$83,370
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
16199 Ferguson St 0.13mi 3/1.0 (-1) 1,192 (+0%) 4mo $85,000 $71 86
16818 Gilchrist St 0.22mi 3/1.0 (-1) 1,190 (-0%) 3mo $83,000 $70 82
16727 Mansfield St 0.19mi 3/1.5 (-1) 1,207 (+1%) 3mo $165,000 $137 80
16709 Lindsay St 0.23mi 3/1.0 (-1) 1,218 (+2%) 2mo $124,888 $103 79
16773 Ferguson St 0.15mi 3/1.0 (-1) 1,156 (-3%) 6mo $62,000 $54 78
15800 Biltmore St 0.34mi 3/2.5 (-1) 1,188 (-0%) 3mo $112,000 $94 70
15725 Asbury Park 0.43mi 3/2.0 (-1) 1,206 (+1%) 2mo $80,200 $67 67
15771 Rutherford St 0.44mi 3/1.0 (-1) 1,289 (+8%) 1mo $55,106 $43 60
15508 Saint Marys St 0.50mi 3/1.0 (-1) 1,100 (-8%) 0mo $59,900 $54 58
15727 Mansfield St 0.47mi 3/1.5 (-1) 1,300 (+9%) 3mo $55,000 $42 53
17540 Asbury Park St 0.59mi 3/1.0 (-1) 1,100 (-8%) 4mo $57,500 $52 52
15868 Whitcomb St 0.71mi 3/1.0 (-1) 1,332 (+12%) 2mo $95,000 $71 40

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 · 3.25% rent growth · sell at horizon

5-year hold
IRR
-14.0%
Equity multiple
0.50×
Total profit
$-23,927
Equity at exit
$25,347
10-year hold
IRR
-4.7%
Equity multiple
0.69×
Total profit
$-14,895
Equity at exit
$14,698

Cash invested: $47,600 (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.

ZIP-level market 48235

Rents YoY
3.2%
Active inventory
283
Price-to-rent
8.9×

Monthly cashflow live

Estimated rent
$1,600 high interval (Pro) →
Mortgage (P&I)
$891
Tax from tax record
$252 /mo · $3,024/yr
Insurance
$71
HOA
$0
Vacancy / Maint / Mgmt
$336
Net cashflow
$50

Break-even live

Break-even rent $1,537
Max offer price $169,999
Occupancy floor 92%

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
$42,500
Closing costs
$5,100
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 36 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
16535 Asbury Park Detroit, MI 3.0 1.5 1152 $1,450 $1.26 24d 1 0.08mi
16210 Ferguson St Detroit, MI 4.0 2.0 1493 $1,750 $1.17 3d 1 0.13mi
15866 Mansfield St Detroit, MI 3.0 1.0 1324 $1,425 $1.08 24d 1 0.35mi
16876 Harlow Ave Unit (NO) Detroit, MI 3.0 1.0 1250 $1,350 $1.08 43d 1 0.38mi
17165 Prevost St Detroit, MI 3.0 1.0 1060 $2,400 $2.26 1d 1 0.43mi
16837 Winthrop St Detroit, MI 5.0 2.0 1500 $2,000 $1.33 20d 1 0.45mi
15736 Biltmore St Detroit, MI 3.0 1.5 1000 $1,200 $1.20 16d 1 0.45mi
15752 Rutherford St Detroit, MI 3.0 2.0 1174 $1,386 $1.18 5d 1 0.49mi
15375 Prevost St Detroit, MI 4.0 1.0 907 $1,300 $1.43 16d 1 0.68mi
15332 Saint Marys St Detroit, MI 3.0 1.0 1200 $1,200 $1.00 16d 1 0.70mi
15065 Gilchrist St Detroit, MI 3.0 1.0 1100 $1,250 $1.14 43d 1 0.77mi
16151 Robson St Detroit, MI 3.0 1.0 1300 $1,525 $1.17 15d 1 0.82mi
15810 Robson St Detroit, MI 3.0 1.0 1142 $1,500 $1.31 24d 1 0.90mi
18400 Rutherford St Detroit, MI 3.0 1.0 1050 $1,400 $1.33 3d 1 0.92mi
16823 Stahelin Ave Detroit, MI 3.0 2.5 1500 $1,600 $1.07 17d 1 0.93mi
16014 Hackett St Detroit, MI 4.0 2.0 1142 $1,500 $1.31 43d 1 0.97mi
15330 Coyle St Unit 1 Detroit, MI 3.0 1.0 1000 $1,425 $1.43 12d 1 1.03mi
15330 Coyle St Unit 2 Detroit, MI 3.0 1.0 1000 $1,450 $1.45 24d 1 1.03mi
15330 Coyle St Unit 1 Detroit, MI 3.0 1.0 1000 $1,375 $1.38 24d 1 1.03mi
17654 Greenview Ave Detroit, MI 4.0 1.0 1377 $1,350 $0.98 16d 1 1.03mi
15328 Coyle St Detroit, MI 3.0 1.0 1000 $1,450 $1.45 17d 1 1.03mi
15341 Lauder St Detroit, MI 4.0 1.5 1080 $1,475 $1.37 16d 1 1.10mi
18481 Prest St Detroit, MI 3.0 1.5 1100 $1,300 $1.18 19d 1 1.11mi
14893 Prest St Detroit, MI 3.0 1.0 1100 $1,000 $0.91 15d 1 1.12mi
18494 Ashton Ave Detroit, MI 3.0 1.0 1000 $1,600 $1.60 16d 1 1.14mi
18675 Forrer St Detroit, MI 3.0 1.0 1200 $1,225 $1.02 5d 1 1.14mi
17238 Shaftsbury Ave Detroit, MI 3.0 1.0 1200 $1,550 $1.29 43d 1 1.14mi
17654 Sunderland Rd Detroit, MI 3.0 1.0 1100 $1,500 $1.36 43d 1 1.16mi
15762 Mark Twain St Detroit, MI 3.0 2.0 1430 $1,250 $0.87 16d 1 1.20mi
14504 Saint Marys St Detroit, MI 4.0 1.0 1362 $1,473 $1.08 43d 1 1.23mi
14814 Sussex St Unit 2 Detroit, MI 3.0 1.0 1100 $1,000 $0.91 43d 1 1.27mi
16505 Stansbury St Detroit, MI 3.0 1.0 1100 $1,250 $1.14 11d 1 1.33mi
15829 Minock St Detroit, MI 3.0 1.5 1200 $1,550 $1.29 24d 1 1.35mi
18257 Mark Twain St Detroit, MI 3.0 1.0 1185 $1,507 $1.27 16d 1 1.39mi
18964 Coyle St Detroit, MI 3.0 1.0 1300 $1,350 $1.04 2d 1 1.43mi
18452 Shaftsbury Ave Detroit, MI 3.0 1.0 927 $1,500 $1.62 16d 1 1.44mi

Listing history 30 events

  1. 2026-04-29
    status Pending 701-char remark
    Show marketing remark (701 chars)

    * OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

  2. 2026-04-29
    status Pending
    Show marketing remark (701 chars)

    * OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

  3. 2026-03-23
    price $169,999 701-char remark
    Show marketing remark (701 chars)

    * OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

  4. 2026-03-23
    price $169,999
    Show marketing remark (701 chars)

    * OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

  5. 2026-02-25
    price $175,000 701-char remark
    Show marketing remark (701 chars)

    * OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

  6. 2026-02-24
    price $175,000
  7. 2026-01-02
    listed $179,999 Active
    Show marketing remark (701 chars)

    * OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

  8. 2026-01-02
    listed $179,999 Active 701-char remark
    Show marketing remark (701 chars)

    * OPEN HOUSE 1/9/2026 * Welcome to 16591 Asbury Park, a delightful brick bungalow that captures the essence of enduring Detroit charm. This 4-bedroom, 1-bathroom home provides the perfect blank slate for stylish living. Nestled in a friendly and established neighborhood, you'll enjoy convenient access to local amenities, parks, and essential services, making this an ideal location for families and professionals alike. This property has been completely remodeled including a brand-new roof and a brand-new driveway and many more updates. Don't miss the opportunity to making this your dream home. Schedule your showing today! * * Hot water tank and furnace to be installed prior to closing. * *

  9. 2025-08-07
    soldstatus $84,000 Closed 582-char remark
    Show marketing remark (582 chars)

    Charming Full Brick Bungalow with Endless Potential! Welcome to this solidly built 4-bedroom, 1-bathroom bungalow offering a spacious and functional layout perfect for families, investors, or first-time buyers. Highlighting timeless original features and a warm, inviting atmosphere, this home is ready for your personal touch. Step outside to a generous backyard—ideal for gardening, entertaining, or future expansion. Conveniently located close to schools, shopping, parks, and public transit. Don’t miss this opportunity to own a classic home in a great neighborhood!

  10. 2025-08-07
    soldstatus $84,000 Closed
    Show marketing remark (582 chars)

    Charming Full Brick Bungalow with Endless Potential! Welcome to this solidly built 4-bedroom, 1-bathroom bungalow offering a spacious and functional layout perfect for families, investors, or first-time buyers. Highlighting timeless original features and a warm, inviting atmosphere, this home is ready for your personal touch. Step outside to a generous backyard—ideal for gardening, entertaining, or future expansion. Conveniently located close to schools, shopping, parks, and public transit. Don’t miss this opportunity to own a classic home in a great neighborhood!

  11. 2025-07-29
    status Pending
    Show marketing remark (582 chars)

    Charming Full Brick Bungalow with Endless Potential! Welcome to this solidly built 4-bedroom, 1-bathroom bungalow offering a spacious and functional layout perfect for families, investors, or first-time buyers. Highlighting timeless original features and a warm, inviting atmosphere, this home is ready for your personal touch. Step outside to a generous backyard—ideal for gardening, entertaining, or future expansion. Conveniently located close to schools, shopping, parks, and public transit. Don’t miss this opportunity to own a classic home in a great neighborhood!

  12. 2025-07-29
    status Pending 582-char remark
    Show marketing remark (582 chars)

    Charming Full Brick Bungalow with Endless Potential! Welcome to this solidly built 4-bedroom, 1-bathroom bungalow offering a spacious and functional layout perfect for families, investors, or first-time buyers. Highlighting timeless original features and a warm, inviting atmosphere, this home is ready for your personal touch. Step outside to a generous backyard—ideal for gardening, entertaining, or future expansion. Conveniently located close to schools, shopping, parks, and public transit. Don’t miss this opportunity to own a classic home in a great neighborhood!

  13. 2025-07-22
    listed $125,000 Active 582-char remark
    Show marketing remark (582 chars)

    Charming Full Brick Bungalow with Endless Potential! Welcome to this solidly built 4-bedroom, 1-bathroom bungalow offering a spacious and functional layout perfect for families, investors, or first-time buyers. Highlighting timeless original features and a warm, inviting atmosphere, this home is ready for your personal touch. Step outside to a generous backyard—ideal for gardening, entertaining, or future expansion. Conveniently located close to schools, shopping, parks, and public transit. Don’t miss this opportunity to own a classic home in a great neighborhood!

  14. 2025-07-22
    listed $125,000 Active
    Show marketing remark (582 chars)

    Charming Full Brick Bungalow with Endless Potential! Welcome to this solidly built 4-bedroom, 1-bathroom bungalow offering a spacious and functional layout perfect for families, investors, or first-time buyers. Highlighting timeless original features and a warm, inviting atmosphere, this home is ready for your personal touch. Step outside to a generous backyard—ideal for gardening, entertaining, or future expansion. Conveniently located close to schools, shopping, parks, and public transit. Don’t miss this opportunity to own a classic home in a great neighborhood!

  15. 2024-02-05
    soldstatus $58,000
  16. 2024-01-29
    soldstatus $58,000 Sold
  17. 2024-01-29
    soldstatus $58,000 Closed
  18. 2024-01-16
    status Pending
  19. 2024-01-16
    status Pending
  20. 2024-01-12
    listed $60,000 Active
  21. 2024-01-12
    listed $60,000 Active
  22. 2024-01-11
    historical $60,000
  23. 2024-01-11
    historical $60,000
  24. 2017-08-14
    soldstatus $53,900
  25. 2016-09-30
    historical
  26. 2016-09-30
    historical
  27. 2016-09-01
    listed $9,100
  28. 2016-09-01
    listed $9,100
  29. 2009-11-23
    soldstatus $8,250
  30. 2009-10-13
    listed $10,500

ⓘ 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
$3,024 · $252/mo
Projected year-2 tax
$3,024 · $252/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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$19,200
− Mortgage interest
−$9,523
− Property taxes
−$3,024
− Insurance
−$850
− Repairs & maintenance
−$1,536
− Management
−$1,536
− Depreciation
−$4,945
Taxable loss
−$2,213
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$531
After-tax cash flow
$1,128/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)
45,600
Household income
$39,265
Rent vs Own
46.5% rent · 53.5% own
Severe rent burden
3064.0

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 (94%)
Race & ethnicity
Black 94% White 3% Two or more races 2% Hispanic / Latino 1%
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
▼ -153.02%
Current HPI
263.6326
Rent YoY
▲ 3.25%
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

Price history

+1519.0% since first listed
30 events — show timeline
  • 2026-04-29 Pending MiRealSource-MiMLS
  • 2026-04-29 Pending REALCOMP
  • 2026-03-23 Price Changed $169,999 MiRealSource-MiMLS
  • 2026-03-23 Price Changed $169,999 REALCOMP
  • 2026-02-25 Price Changed $175,000 MiRealSource-MiMLS
  • 2026-02-24 Price Changed $175,000 REALCOMP
  • 2026-01-02 Listed $179,999 REALCOMP
  • 2026-01-02 Listed $179,999 MiRealSource-MiMLS
  • 2025-08-07 Sold (MLS) $84,000 MiRealSource-MiMLS
  • 2025-08-07 Sold (MLS) $84,000 REALCOMP
  • 2025-07-29 Pending MiRealSource-MiMLS
  • 2025-07-29 Pending REALCOMP
  • 2025-07-22 Listed $125,000 MiRealSource-MiMLS
  • 2025-07-22 Listed $125,000 REALCOMP
  • 2024-02-05 Sold (Public Records) $58,000 Public Records
  • 2024-01-29 Sold (MLS) $58,000 MiRealSource-MiMLS
  • 2024-01-29 Sold (MLS) $58,000 REALCOMP
  • 2024-01-16 Pending REALCOMP
  • 2024-01-16 Pending MiRealSource-MiMLS
  • 2024-01-12 Listed $60,000 MiRealSource-MiMLS
  • 2024-01-12 Listed $60,000 REALCOMP
  • 2024-01-11 Coming Soon $60,000 MiRealSource-MiMLS
  • 2024-01-11 Coming Soon $60,000 REALCOMP
  • 2017-08-14 Sold (Public Records) $53,900 Public Records
  • 2016-09-30 Listing Removed MiRealSource-MiMLS
  • 2016-09-30 Listing Removed REALCOMP
  • 2016-09-01 Listed $9,100 MiRealSource-MiMLS
  • 2016-09-01 Listed $9,100 REALCOMP
  • 2009-11-23 Sold (MLS) $8,250 REALCOMP
  • 2009-10-13 Listed $10,500 REALCOMP

Property tax history

+4.8%/yr

Latest (2025): $3,024 · +14.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…