19811 Harlow St · Detroit, MI 48235

$37,900

2 bd · 1.0 ba · 696 sqft · SingleFamily public records · 47 Days on market

Built 1950 4,356 sqft lot $54/sqft · at area comps Est $73k · 48% under ↓ 5% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Listing remarks MLS

Welcome to your next smart investment! This cozy two-bedroom, one-bathroom home is hitting the market and ready for its next chapter. Whether you're looking for a solid rental property or a renovation project you can really make your own, this one checks the boxes without breaking the bank. Step inside and you'll find updated vinyl flooring in the living areas along with recessed lighting that gives the main room a clean, modern feel. The kitchen comes with appliances included, so that's one less thing to worry about. Downstairs, the partially basement is basically a blank canvas waiting for your vision - extra living space, storage, a workshop, whatever suits your style. The price point on this property makes it a seriously attractive opportunity for investors chasing rental income in a neighborhood with steady demand. First-time buyers looking to build equity through sweat equity will love it too. Plus, you're just a short drive from Henry Ford High School and all the conveniences along Evergreen Road. Homes at this price with this much potential don't sit around for long. Reach out today to schedule a showing and see the possibilities for yourself!

Key facts

• 4,356 sq ft lot
• 2 garage spots
• Built 1950

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Vinyl siding; Block foundation
• Exterior features: Paved road access; Lot approximately 0.1 acre (40 x 113); Ground-level entry with steps

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Unfinished basement; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $38k.

Deal economics

• At list price, monthly cash flow is $643 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $38k).
• Recommended offer: $37k (3.0% below list) — sets the bar for market timing.
• Cap rate 26.7% vs local median 10.1% 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 (+3.2%/yr); 290 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 35% 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 $262 of loan paydown is wiped out by about $1k 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 + 3.2% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($37k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 6y ago; this cycle's ask has dropped $27k (42%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $36,763 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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 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: 3.02% ✓
• Cap rate: 26.66%
• Cash-on-cash: 72.74%
• DSCR: 4.24
• GRM: 2.8

CMA / ARV

• ARV (median comp): $73,349
• List price: $37,900
• Delta: -48.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19751 Oakfield St	0.07mi	2/1.0	735 (+6%)	1mo	$17,500	$24	86
19781 Oakfield St	0.06mi	2/1.0	752 (+8%)	8mo	$65,000	$86	77
19425 Fenmore St	0.23mi	2/1.0	720 (+3%)	8mo	$79,000	$110	77
19510 Ferguson St	0.34mi	2/1.0	717 (+3%)	3mo	$21,000	$29	76
19307 Fenmore St	0.35mi	2/1.0	725 (+4%)	3mo	$72,500	$100	74
19944 Faust Ave	0.40mi	2/1.0	665 (-4%)	4mo	$30,400	$46	70
19195 Fenmore St	0.40mi	2/1.0	720 (+3%)	8mo	$79,500	$110	69
19749 Rosemont Ave	0.29mi	2/1.0	753 (+8%)	7mo	$90,000	$120	67
19786 Oakfield St	0.09mi	3/1.0 (+1)	780 (+12%)	7mo	$80,000	$103	65
19913 Prevost St	0.62mi	2/1.0	716 (+3%)	4mo	$27,900	$39	63
18950 Biltmore St	0.60mi	2/1.0	781 (+12%)	1mo	$46,000	$59	50
19470 Forrer St	0.71mi	2/1.0	771 (+11%)	6mo	$27,000	$35	44

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: 72.8%
• Equity multiple: 4.31×
• Total profit: $35,135
• Equity at exit: $5,651

10-year hold

• IRR: 76.7%
• Equity multiple: 8.97×
• Total profit: $84,612
• Equity at exit: $3,277

Cash invested: $10,612 (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 48235

• Rents YoY: 3.2%
• Active inventory: 290
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,146 high
• Mortgage (P&I): −$199
• Tax est. 1.5%: −$47 /mo · $568/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $643

Break-even live

Break-even rent $332

Max offer price $37,900

Occupancy floor 39%

Sensitivity live

Price	-10% $669	-5% $656	+0% $643	+5% $630	+10% $617
Rent	-10% $553	-5% $598	+0% $643	+5% $689	+10% $734
Rate	-1.0pp $662	-0.5pp $653	base $643	+0.5pp $633	+1.0pp $623

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: $9,475
• Closing costs: $1,137
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19736 Gilchrist St Detroit, MI	2.0	1.0	696	$995	$1.43	13d	1	0.22mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	25d	1	0.43mi
20539 Southfield Rd Detroit, MI	1.0	1.0	700	$800	$1.14	11d	4	0.47mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	16d	1	0.81mi
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	16d	5	0.84mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	44d	1	0.90mi
21697 Greenfield Rd Unit A-219 Oak Park, MI	1.0	1.0	714	$1,774	$2.48	25d	1	1.34mi

Listing history 33 events

1. 2026-06-21
   days on market $37,900 Active 47 DOM
2. 2026-06-18
   days on market $37,900 Active 44 DOM
3. 2026-06-17
   days on market $37,900 Active 43 DOM
4. 2026-06-15
   days on market $37,900 Active 41 DOM
5. 2026-06-13
   days on market $37,900 Active 39 DOM
6. 2026-06-13
   days on market $37,900 Active 38 DOM
7. 2026-06-09
   days on market $37,900 Active 35 DOM
8. 2026-06-08
   pricedays on market $37,900 Active 34 DOM

   Show marketing remark (1171 chars)

   Welcome to your next smart investment! This cozy two-bedroom, one-bathroom home is hitting the market and ready for its next chapter. Whether you're looking for a solid rental property or a renovation project you can really make your own, this one checks the boxes without breaking the bank. Step inside and you'll find updated vinyl flooring in the living areas along with recessed lighting that gives the main room a clean, modern feel. The kitchen comes with appliances included, so that's one less thing to worry about. Downstairs, the partially basement is basically a blank canvas waiting for your vision - extra living space, storage, a workshop, whatever suits your style. The price point on this property makes it a seriously attractive opportunity for investors chasing rental income in a neighborhood with steady demand. First-time buyers looking to build equity through sweat equity will love it too. Plus, you're just a short drive from Henry Ford High School and all the conveniences along Evergreen Road. Homes at this price with this much potential don't sit around for long. Reach out today to schedule a showing and see the possibilities for yourself!

9. 2026-06-07
   days on market $52,900 Active 33 DOM
10. 2026-06-04
    days on market $52,900 Active 30 DOM
11. 2026-06-03
    days on market $52,900 Active 29 DOM
12. 2026-06-02
    days on market $52,900 Active 28 DOM
13. 2026-06-01
    days on market $52,900 Active 27 DOM
14. 2026-05-31
    days on market $52,900 Active 26 DOM
15. 2026-05-05
    listed $64,900 Active 1175-char remark

    Show marketing remark (1171 chars)

    Welcome to your next smart investment! This cozy two-bedroom, one-bathroom home is hitting the market and ready for its next chapter. Whether you're looking for a solid rental property or a renovation project you can really make your own, this one checks the boxes without breaking the bank. Step inside and you'll find updated vinyl flooring in the living areas along with recessed lighting that gives the main room a clean, modern feel. The kitchen comes with appliances included, so that's one less thing to worry about. Downstairs, the partially basement is basically a blank canvas waiting for your vision - extra living space, storage, a workshop, whatever suits your style. The price point on this property makes it a seriously attractive opportunity for investors chasing rental income in a neighborhood with steady demand. First-time buyers looking to build equity through sweat equity will love it too. Plus, you're just a short drive from Henry Ford High School and all the conveniences along Evergreen Road. Homes at this price with this much potential don't sit around for long. Reach out today to schedule a showing and see the possibilities for yourself!

16. 2026-05-05
    listed $64,900 Active 1171-char remark

    Show marketing remark (1171 chars)

    Welcome to your next smart investment! This cozy two-bedroom, one-bathroom home is hitting the market and ready for its next chapter. Whether you're looking for a solid rental property or a renovation project you can really make your own, this one checks the boxes without breaking the bank. Step inside and you'll find updated vinyl flooring in the living areas along with recessed lighting that gives the main room a clean, modern feel. The kitchen comes with appliances included, so that's one less thing to worry about. Downstairs, the partially basement is basically a blank canvas waiting for your vision - extra living space, storage, a workshop, whatever suits your style. The price point on this property makes it a seriously attractive opportunity for investors chasing rental income in a neighborhood with steady demand. First-time buyers looking to build equity through sweat equity will love it too. Plus, you're just a short drive from Henry Ford High School and all the conveniences along Evergreen Road. Homes at this price with this much potential don't sit around for long. Reach out today to schedule a showing and see the possibilities for yourself!

17. 2026-05-01
    historical
18. 2026-05-01
    historical
19. 2026-04-13
    price $65,000
20. 2026-04-12
    price $65,000
21. 2026-02-27
    listed $69,999 Active
22. 2026-02-27
    listed $69,999 Active
23. 2026-02-26
    historical
24. 2020-10-23
    soldstatus $27,900 Sold
25. 2020-10-23
    soldstatus $27,900 Closed
26. 2020-10-12
    status Pending
27. 2020-10-12
    status Pending
28. 2020-07-30
    price $31,000
29. 2020-07-30
    price $31,000
30. 2020-06-08
    price $35,000
31. 2020-06-08
    price $35,000
32. 2020-05-11
    listed $40,000 Active
33. 2020-05-11
    listed $40,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $13,750
• − Mortgage interest: −$2,123
• − Property taxes: −$568
• − Insurance: −$190
• − Repairs & maintenance: −$1,100
• − Management: −$1,100
• − Depreciation: −$1,103
• Taxable income: $7,566
• Est. tax owed @ 24.0%: −$1,816
• After-tax cash flow: $5,903/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
▸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

-5.2% since first listed

23 events — show timeline

• 2026-06-08 Price Changed $37,900 MiRealSource-MiMLS
• 2026-06-08 Price Changed $37,900 REALCOMP
• 2026-05-27 Price Changed $52,900 REALCOMP
• 2026-05-27 Price Changed $52,900 MiRealSource-MiMLS
• 2026-05-05 Listed $64,900 REALCOMP
• 2026-05-05 Listed $64,900 MiRealSource-MiMLS
• 2026-05-01 Listing Removed — MiRealSource-MiMLS
• 2026-05-01 Listing Removed — REALCOMP
• 2026-04-13 Price Changed $65,000 MiRealSource-MiMLS
• 2026-04-12 Price Changed $65,000 REALCOMP
• 2026-02-27 Listed $69,999 MiRealSource-MiMLS
• 2026-02-27 Listed $69,999 REALCOMP
• 2026-02-26 Coming Soon — MiRealSource-MiMLS
• 2020-10-23 Sold (MLS) $27,900 MiRealSource-MiMLS
• 2020-10-23 Sold (MLS) $27,900 REALCOMP
• 2020-10-12 Pending — MiRealSource-MiMLS
• 2020-10-12 Pending — REALCOMP
• 2020-07-30 Price Changed $31,000 MiRealSource-MiMLS
• 2020-07-30 Price Changed $31,000 REALCOMP
• 2020-06-08 Price Changed $35,000 MiRealSource-MiMLS
• 2020-06-08 Price Changed $35,000 REALCOMP
• 2020-05-11 Listed $40,000 MiRealSource-MiMLS
• 2020-05-11 Listed $40,000 REALCOMP

Property tax history

+10.7%/yr

Latest (2025): $2,747 · +0.8% YoY. Source: county tax records.