19365 Fenmore St · Detroit, MI 48235

$94,900

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 192 Days on market

Built 1950 3,920 sqft lot

---

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
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• 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 this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

Key facts

• 3,920 sq ft lot
• Garage
• Built 1950

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-and-a-half story; Ground-level entry
• Construction: Vinyl siding
• Exterior features: Back yard with fencing; Asphalt roof; Paved road access

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Attic fan
• Interior features: Unfurnished; Gas water heater; Unfinished basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% 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 (+3.2%/yr); 283 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 42% 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 $656 of loan paydown is wiped out by about $3k 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 $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 14y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $83,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.45% ✓
• Cap rate: 12.12%
• Cash-on-cash: 20.82%
• DSCR: 1.93
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $56,544
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19365 Fenmore St	0.00mi	3/1.0	912 (0%)	1mo	$94,900	$104	99
19900 Southfield Rd	0.29mi	3/1.0	898 (-2%)	4mo	$110,000	$122	81
18937 Lindsay St	0.38mi	3/1.0	951 (+4%)	2mo	$59,000	$62	74
20004 Southfield Fwy	0.41mi	2/1.0 (-1)	929 (+2%)	1mo	$20,000	$22	72
19975 Ferguson St	0.54mi	3/1.0	889 (-2%)	1mo	$50,650	$57	70
18494 Ashton Ave	0.48mi	3/1.0	943 (+3%)	2mo	$95,000	$101	70
20245 Archdale St	0.58mi	3/1.0	890 (-2%)	4mo	$53,000	$60	66
18631 Margareta St	0.60mi	3/1.0	950 (+4%)	0mo	$62,000	$65	65
19455 Avon Ave	0.43mi	3/1.0	1,023 (+12%)	2mo	$72,000	$70	57
18950 Biltmore St	0.46mi	2/1.0 (-1)	781 (-14%)	1mo	$46,000	$59	48
19333 Grandville Ave	0.71mi	2/1.0 (-1)	851 (-7%)	3mo	$45,000	$53	48
18801 Margareta St	0.62mi	3/1.0	1,045 (+15%)	3mo	$60,000	$57	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: 13.5%
• Equity multiple: 1.54×
• Total profit: $14,335
• Equity at exit: $14,150

10-year hold

• IRR: 22.5%
• Equity multiple: 2.95×
• Total profit: $51,744
• Equity at exit: $8,205

Cash invested: $26,572 (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 48235

• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,381 high
• Mortgage (P&I): −$498
• Tax from tax record: −$92 /mo · $1,110/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $461

Break-even live

Break-even rent $797

Max offer price $94,900

Occupancy floor 62%

Sensitivity live

Price	-10% $515	-5% $488	+0% $461	+5% $434	+10% $407
Rent	-10% $352	-5% $406	+0% $461	+5% $516	+10% $570
Rate	-1.0pp $509	-0.5pp $485	base $461	+0.5pp $436	+1.0pp $411

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	44d	1	0.29mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	15d	1	0.33mi
19736 Gilchrist St Detroit, MI	2.0	1.0	696	$995	$1.43	13d	1	0.38mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	44d	1	0.41mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	44d	1	0.42mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	44d	1	0.46mi
18494 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,600	$1.60	17d	1	0.47mi
19329 Stahelin Ave Unit 1 Detroit, MI	3.0	1.5	833	$1,250	$1.50	44d	1	0.47mi
20068 Faust Ave Detroit, MI	2.0	1.0	750	$1,100	$1.47	25d	1	0.55mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.60mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	5d	1	0.61mi
20259 Oakfield St Detroit, MI	3.0	1.0	1056	$1,250	$1.18	17d	1	0.62mi
18276 Oakfield St Detroit, MI	2.0	1.0	726	$1,175	$1.62	44d	1	0.66mi
19372 Grandville Ave Detroit, MI	2.0	1.5	733	$1,050	$1.43	15d	1	0.67mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	25d	1	0.67mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	5d	1	0.68mi
19467 Rutherford St Detroit, MI	3.0	1.0	1002	$1,200	$1.20	17d	1	0.69mi
18699 Shaftsbury Ave Detroit, MI	2.0	1.0	800	$1,000	$1.25	44d	1	0.71mi
20527 Rosemont Ave Detroit, MI	2.0	2.0	975	$1,528	$1.57	44d	1	0.71mi
19440 Rutherford St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	25d	1	0.72mi
20314 Gilchrist St Detroit, MI	3.0	1.0	1042	$1,500	$1.44	5d	1	0.72mi
18659 Shaftsbury Ave Detroit, MI	3.0	1.0	763	$1,373	$1.80	13d	1	0.73mi
18452 Shaftsbury Ave Detroit, MI	3.0	1.0	927	$1,500	$1.62	17d	1	0.78mi
18268 Mansfield St Detroit, MI	2.0	1.0	800	$1,200	$1.50	17d	1	0.91mi
18400 Rutherford St Detroit, MI	3.0	1.0	1050	$1,400	$1.33	4d	1	0.91mi
17654 Sunderland Rd Detroit, MI	3.0	1.0	1100	$1,500	$1.36	44d	1	0.93mi
18450 Edinborough Rd Detroit, MI	3.0	1.0	1000	$1,500	$1.50	44d	1	0.93mi
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	0.94mi
19457 Evergreen Rd Detroit, MI	2.0	1.0	1100	$1,200	$1.09	44d	1	1.04mi
20555 Motor Dr Detroit, MI	1.0–2.0	1.0	750	$1,222	$1.63	15d	5	1.10mi
18427 Greenfield Rd Detroit, MI	2.0	1.0	952	$980	$1.03	5d	1	1.10mi
18481 Prest St Detroit, MI	3.0	1.5	1100	$1,300	$1.18	20d	1	1.13mi
18556 Kentfield St Detroit, MI	3.0	1.0	952	$1,250	$1.31	3d	1	1.23mi
18461 Heyden St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	5d	1	1.23mi
18134 Vaughan St Detroit, MI	3.0	1.0	1060	$1,150	$1.08	17d	1	1.27mi
18191 Heyden St Detroit, MI	2.0	1.0	917	$1,100	$1.20	25d	1	1.31mi
19781 Fielding St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	5d	1	1.33mi
17165 Prevost St Detroit, MI	3.0	1.0	1060	$2,400	$2.26	2d	1	1.35mi
18205 Stout St Detroit, MI	3.0	1.0	901	$1,078	$1.20	25d	1	1.41mi
18274 Fielding St Detroit, MI	2.0	1.0	700	$1,200	$1.71	17d	1	1.41mi

Listing history 19 events

1. 2026-04-29
   status Pending 395-char remark

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

2. 2026-04-29
   status Pending

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

3. 2026-03-05
   price $94,900 395-char remark

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

4. 2026-03-04
   price $94,900
5. 2025-11-06
   status Active 395-char remark

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

6. 2025-11-06
   status Active

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

7. 2025-09-29
   status Pending

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

8. 2025-09-29
   status Pending 395-char remark

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

9. 2025-09-12
   listed $99,900 Active 395-char remark

   Show marketing remark (395 chars)

   Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

10. 2025-09-12
    listed $99,900 Active

    Show marketing remark (395 chars)

    Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

11. 2025-09-10
    historical $99,900 395-char remark

    Show marketing remark (395 chars)

    Welcome to this beautifully updated Detroit home on Fenmore, offered with an additional vacant lot at 19361 Fenmore! Featuring 3 bedrooms and 1 full bath, this property is move-in ready with recently upgraded features throughout, including LVP flooring and ceramic tile in the kitchen. With no tenant and immediate availability, it presents a great opportunity for homeowners or investors alike.

12. 2025-06-13
    historical
13. 2025-05-09
    listed $95,000 Active
14. 2025-05-09
    listed $95,000 Active
15. 2025-05-08
    historical
16. 2012-03-25
    historical
17. 2012-03-25
    historical
18. 2012-03-20
    listed $7,300
19. 2012-03-20
    listed $7,300

ⓘ 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: $1,110 · $92/mo
• Projected year-2 tax: $1,286 · $107/mo
• Expected delta: +$176/yr (+$15/mo · 15.8%)

ⓘ 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 2/10 Low 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: $16,567
• − Mortgage interest: −$5,316
• − Property taxes: −$1,110
• − Insurance: −$474
• − Repairs & maintenance: −$1,325
• − Management: −$1,325
• − Depreciation: −$2,761
• Taxable income: $4,256
• Est. tax owed @ 24.0%: −$1,021
• After-tax cash flow: $4,510/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

+1200.0% since first listed

19 events — show timeline

• 2026-04-29 Pending — MiRealSource-MiMLS
• 2026-04-29 Pending — REALCOMP
• 2026-03-05 Price Changed $94,900 MiRealSource-MiMLS
• 2026-03-04 Price Changed $94,900 REALCOMP
• 2025-11-06 Relisted — MiRealSource-MiMLS
• 2025-11-06 Relisted — REALCOMP
• 2025-09-29 Pending — REALCOMP
• 2025-09-29 Pending — MiRealSource-MiMLS
• 2025-09-12 Listed $99,900 MiRealSource-MiMLS
• 2025-09-12 Listed $99,900 REALCOMP
• 2025-09-10 Coming Soon $99,900 MiRealSource-MiMLS
• 2025-06-13 Listing Removed — MiRealSource-MiMLS
• 2025-05-09 Listed $95,000 MiRealSource-MiMLS
• 2025-05-09 Listed $95,000 REALCOMP
• 2025-05-08 Coming Soon — MiRealSource-MiMLS
• 2012-03-25 Listing Removed — REALCOMP
• 2012-03-25 Listing Removed — MiRealSource-MiMLS
• 2012-03-20 Listed $7,300 REALCOMP
• 2012-03-20 Listed $7,300 MiRealSource-MiMLS

Property tax history

-1.7%/yr

Latest (2025): $1,110 · -53.8% YoY. Source: county tax records.