14053 Strathmoor St · Detroit, MI 48227

$44,900

6 bd · 1.0 ba · 1,458 sqft · SingleFamily public records · 95 Days on market

Built 1925 3,920 sqft lot $31/sqft · 26% below area Est $64k · 29% 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

14053 Strathmoor Street offers an excellent investment opportunity in Detroit. This brick duplex features a spacious 2-bedroom, 1-bath unit alongside a 1-bedroom, 1-bath unit, making it ideal for rental income potential. The property needs renovations, but the strong brick exterior and solid structure provide a great foundation to build on. With the right updates, this property could quickly turn into a profitable investment, whether you’re looking to rent both units or occupy one and lease the other. A small investment here could bring a significant return.

Key facts

• Brick duplex
• Solid structure
• 3,920 sq ft lot

Tags

• BRICK DUPLEX
• RENTAL INCOME POTENTIAL
• STRONG BRICK EXTERIOR
• SOLID STRUCTURE

What this means for you Summary

Snapshot

• This is a 6-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $45k).
• Recommended offer: $41k (9.0% below list) — sets the bar for market timing.
• Cap rate 37.9% 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: Rents rising fast (+5.6%/yr); 385 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,892/mo this rent would consume 62% 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 $310 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 + 5.6% rent growth), your $13k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($41k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 20y 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 $24k; list at $45k implies a 86% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $40,859 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 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 1925 — 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: 4.21% ✓
• Cap rate: 37.94%
• Cash-on-cash: 113.04%
• DSCR: 6.03
• GRM: 2.0

CMA / ARV

• ARV (median comp): $63,536
• List price: $44,900
• Delta: -29.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.59% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.83×
• Total profit: $73,236
• Equity at exit: $6,695

10-year hold

• IRR: —
• Equity multiple: 15.55×
• Total profit: $182,898
• Equity at exit: $3,882

Cash invested: $12,572 (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: 385
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,892 medium
• Mortgage (P&I): −$235
• Tax est. 1.5%: −$56 /mo · $674/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $1,184

Break-even live

Break-even rent $393

Max offer price $44,900

Occupancy floor 32%

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14941 Robson St Detroit, MI	6.0	2.0	1820	$1,600	$0.88	44d	1	0.73mi
14941 Robson St Detroit, MI	6.0	2.0	1820	$1,600	$0.88	24d	1	0.73mi

Listing history 47 events

1. 2026-06-13
   days on market $44,900 Active 95 DOM
2. 2026-06-13
   days on market $44,900 Active 94 DOM
3. 2026-06-09
   days on market $44,900 Active 91 DOM
4. 2026-06-08
   days on market $44,900 Active 90 DOM
5. 2026-06-07
   days on market $44,900 Active 89 DOM
6. 2026-06-04
   days on market $44,900 Active 86 DOM
7. 2026-06-03
   days on market $44,900 Active 85 DOM
8. 2026-06-01
   days on market $44,900 Active 83 DOM
9. 2026-05-31
   days on market $44,900 Active 82 DOM
10. 2026-03-10
    listed $44,900 Active 570-char remark

    Show marketing remark (570 chars)

    14053 Strathmoor Street offers an excellent investment opportunity in Detroit. This brick duplex features a spacious 2-bedroom, 1-bath unit alongside a 1-bedroom, 1-bath unit, making it ideal for rental income potential. The property needs renovations, but the strong brick exterior and solid structure provide a great foundation to build on. With the right updates, this property could quickly turn into a profitable investment, whether you’re looking to rent both units or occupy one and lease the other. A small investment here could bring a significant return.

11. 2026-03-10
    historical

    Show marketing remark (570 chars)

    14053 Strathmoor Street offers an excellent investment opportunity in Detroit. This brick duplex features a spacious 2-bedroom, 1-bath unit alongside a 1-bedroom, 1-bath unit, making it ideal for rental income potential. The property needs renovations, but the strong brick exterior and solid structure provide a great foundation to build on. With the right updates, this property could quickly turn into a profitable investment, whether you’re looking to rent both units or occupy one and lease the other. A small investment here could bring a significant return.

12. 2026-03-10
    listed $44,900 Active

    Show marketing remark (570 chars)

    14053 Strathmoor Street offers an excellent investment opportunity in Detroit. This brick duplex features a spacious 2-bedroom, 1-bath unit alongside a 1-bedroom, 1-bath unit, making it ideal for rental income potential. The property needs renovations, but the strong brick exterior and solid structure provide a great foundation to build on. With the right updates, this property could quickly turn into a profitable investment, whether you’re looking to rent both units or occupy one and lease the other. A small investment here could bring a significant return.

13. 2026-03-10
    historical

    Show marketing remark (570 chars)

    14053 Strathmoor Street offers an excellent investment opportunity in Detroit. This brick duplex features a spacious 2-bedroom, 1-bath unit alongside a 1-bedroom, 1-bath unit, making it ideal for rental income potential. The property needs renovations, but the strong brick exterior and solid structure provide a great foundation to build on. With the right updates, this property could quickly turn into a profitable investment, whether you’re looking to rent both units or occupy one and lease the other. A small investment here could bring a significant return.

14. 2025-09-09
    price $44,900
15. 2025-09-09
    price $44,900
16. 2025-08-20
    listed $50,000 Active
17. 2025-08-20
    listed $50,000 Active
18. 2024-03-27
    historical
19. 2024-03-27
    historical
20. 2024-01-14
    price $44,400
21. 2024-01-13
    price $44,400
22. 2023-11-28
    price $49,950
23. 2023-11-28
    price $49,950
24. 2023-11-09
    listed $54,000 Active
25. 2023-11-09
    listed $54,000 Active
26. 2022-07-06
    soldstatus $24,100 Sold
27. 2022-07-06
    soldstatus $24,100 Closed
28. 2022-03-29
    status Pending
29. 2022-03-29
    status Pending
30. 2022-01-04
    status Active
31. 2022-01-04
    status Active
32. 2022-01-01
    historical
33. 2022-01-01
    historical
34. 2021-10-27
    price $29,900
35. 2021-10-27
    price $29,900
36. 2021-10-09
    price $34,900
37. 2021-10-08
    price $34,900
38. 2021-09-20
    listed $49,900 Active
39. 2021-09-20
    listed $49,900 Active
40. 2019-11-20
    historical
41. 2019-11-20
    historical
42. 2019-11-13
    listed $25,000 Active
43. 2019-11-13
    listed $25,000 Active
44. 2007-03-31
    historical
45. 2006-10-19
    listed $65,500
46. 2001-10-15
    soldstatus $55,000
47. 1997-01-29
    soldstatus $26,100

ⓘ 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 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: $22,702
• − Mortgage interest: −$2,515
• − Property taxes: −$674
• − Insurance: −$224
• − Repairs & maintenance: −$1,816
• − Management: −$1,816
• − Depreciation: −$1,306
• Taxable income: $14,350
• Est. tax owed @ 24.0%: −$3,444
• After-tax cash flow: $10,767/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

+72.0% since first listed

38 events — show timeline

• 2026-03-10 Listed $44,900 REALCOMP
• 2026-03-10 Listing Removed — MiRealSource-MiMLS
• 2026-03-10 Listed $44,900 MiRealSource-MiMLS
• 2026-03-10 Listing Removed — REALCOMP
• 2025-09-09 Price Changed $44,900 MiRealSource-MiMLS
• 2025-09-09 Price Changed $44,900 REALCOMP
• 2025-08-20 Listed $50,000 MiRealSource-MiMLS
• 2025-08-20 Listed $50,000 REALCOMP
• 2024-03-27 Listing Removed — MiRealSource-MiMLS
• 2024-03-27 Listing Removed — REALCOMP
• 2024-01-14 Price Changed $44,400 MiRealSource-MiMLS
• 2024-01-13 Price Changed $44,400 REALCOMP
• 2023-11-28 Price Changed $49,950 MiRealSource-MiMLS
• 2023-11-28 Price Changed $49,950 REALCOMP
• 2023-11-09 Listed $54,000 MiRealSource-MiMLS
• 2023-11-09 Listed $54,000 REALCOMP
• 2022-07-06 Sold (MLS) $24,100 MiRealSource-MiMLS
• 2022-07-06 Sold (MLS) $24,100 REALCOMP
• 2022-03-29 Pending — REALCOMP
• 2022-03-29 Pending — MiRealSource-MiMLS
• 2022-01-04 Relisted — REALCOMP
• 2022-01-04 Relisted — MiRealSource-MiMLS
• 2022-01-01 Listing Removed — REALCOMP
• 2022-01-01 Listing Removed — MiRealSource-MiMLS
• 2021-10-27 Price Changed $29,900 MiRealSource-MiMLS
• 2021-10-27 Price Changed $29,900 REALCOMP
• 2021-10-09 Price Changed $34,900 MiRealSource-MiMLS
• 2021-10-08 Price Changed $34,900 REALCOMP
• 2021-09-20 Listed $49,900 MiRealSource-MiMLS
• 2021-09-20 Listed $49,900 REALCOMP
• 2019-11-20 Listing Removed — REALCOMP
• 2019-11-20 Listing Removed — MiRealSource-MiMLS
• 2019-11-13 Listed $25,000 MiRealSource-MiMLS
• 2019-11-13 Listed $25,000 REALCOMP
• 2007-03-31 Listing Removed — MiRealSource-MiMLS
• 2006-10-19 Listed $65,500 MiRealSource-MiMLS
• 2001-10-15 Sold (Public Records) $55,000 Public Records
• 1997-01-29 Sold (Public Records) $26,100 Public Records

Property tax history

+3.5%/yr

Latest (2025): $2,334 · -54.4% YoY. Source: county tax records.