17388 Teppert St · Detroit, MI 48234

$109,000

3 bd · 1.0 ba · 1,010 sqft · SingleFamily public records · 55 Days on market

Built 1943 4,792 sqft lot $108/sqft · 78% above area

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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 +25.6/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming and well-maintained home located in a quiet, established neighborhood of Detroit. This property offers a great blend of comfort, functionality, and investment potential. Featuring a spacious layout, the home includes an expansive upstairs master bedroom, along with two well-sized bedrooms on the main level, providing flexibility for families or tenants. The home boasts a bright and inviting living room that offers plenty of space to relax or entertain, while the generously sized kitchen provides ample room for cooking and gathering. A conveniently located full bathroom serves the home efficiently. Natural light flows throughout, enhancing the warm and welcoming atmosphere. The layout offers comfortable room proportions across all living spaces, making it ideal for everyday living. Outside, the property includes a generous yard - perfect for outdoor enjoyment, gardening, or entertaining guests. Conveniently located near schools, parks, shopping, and major roadways, this home offers easy access to everything Detroit has to offer while maintaining a peaceful residential feel. Whether you're a homeowner looking for an affordable place to settle in or an investor seeking a solid rental opportunity, this property presents excellent value and potential. ALL measurements are estimated, BATVAI. Thanks

Key facts

• Generous yard
• Easy access to parks
• 4,792 sq ft lot

Tags

• GENEROUSLY SIZED KITCHEN
• GENEROUS YARD
• EASY ACCESS TO SCHOOLS
• EASY ACCESS TO PARKS
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO MAJOR ROADWAYS

Property features AI

Finance

• Other: Residential property in DRENNAN & SELDONS LASALLE COLLEGE PARK 3 subdivision; Cross streets: Mc Nicholas and Hoover St; directions: Teppert and Sauer

Exterior

• Parking: Driveway, no garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry
• Construction: Brick construction; Block foundation; Built area above grade: 1,010 square feet
• Exterior features: Paved road access; Lot approximately 0.11 acres (36 x 126.59)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $106k (3.0% 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 fast (+6.7%/yr); 227 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $1,339/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 2372% 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 $754 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 + 6.7% rent growth), your $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $11k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $109k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,730 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 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 1943 — 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: 1.23% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.13%
• DSCR: 1.45
• GRM: 6.8

CMA / ARV

• ARV (median comp): $61,312
• List price: $109,000
• Delta: 77.78%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17694 Teppert St	0.12mi	3/1.0	1,013 (+0%)	6mo	$120,000	$118	89
17892 Runyon St	0.23mi	3/1.5	995 (-2%)	2mo	$56,000	$56	83
17650 Beland St	0.10mi	3/1.5	1,094 (+8%)	2mo	$67,000	$61	78
17665 Runyon St	0.10mi	3/2.0	1,096 (+8%)	1mo	$50,000	$46	77
17680 Teppert St	0.10mi	3/1.0	1,101 (+9%)	6mo	$120,000	$109	75
18104 Runyon St	0.37mi	3/1.0	1,078 (+7%)	0mo	$58,000	$54	71
11085 Kenmoor St	0.48mi	3/1.0	1,025 (+2%)	6mo	$66,300	$65	70
18696 Blackmoor St	0.65mi	3/1.0	1,010 (0%)	0mo	$77,500	$77	70
11455 Kenmoor St	0.40mi	3/1.5	955 (-5%)	4mo	$119,000	$125	67
17401 Albion St	0.10mi	2/1.0 (-1)	865 (-14%)	1mo	$50,000	$58	66
11294 Engleside St	0.51mi	2/1.0 (-1)	986 (-2%)	4mo	$85,000	$86	64
12802 Dresden St	0.56mi	3/1.0	1,152 (+14%)	5mo	$25,000	$22	46

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.13×
• Total profit: $3,986
• Equity at exit: $16,252

10-year hold

• IRR: 16.2%
• Equity multiple: 2.57×
• Total profit: $47,824
• Equity at exit: $9,424

Cash invested: $30,520 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 227
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,339 high
• Mortgage (P&I): −$572
• Tax from tax record: −$183 /mo · $2,199/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $258

Break-even live

Break-even rent $1,013

Max offer price $109,000

Occupancy floor 76%

Sensitivity live

Price	-10% $319	-5% $288	+0% $258	+5% $227	+10% $196
Rent	-10% $152	-5% $205	+0% $258	+5% $310	+10% $363
Rate	-1.0pp $312	-0.5pp $285	base $258	+0.5pp $229	+1.0pp $201

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	19d	1	0.25mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	45d	1	0.34mi
11074 Kennebec St Detroit, MI	3.0	1.0	1200	$1,350	$1.12	45d	1	0.43mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	3d	1	0.45mi
11700 Engleside St Detroit, MI	3.0	1.0	1000	$1,175	$1.18	45d	1	0.50mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	19d	1	0.54mi
11785 Nashville St Detroit, MI	3.0	2.0	1360	$1,450	$1.07	5d	1	0.56mi
11760 Nashville St Detroit, MI	3.0	1.0	1200	$1,250	$1.04	19d	1	0.58mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	45d	1	0.85mi
12110 Christy St Detroit, MI	2.0	1.5	950	$1,200	$1.26	19d	1	0.85mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	25d	1	0.88mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	45d	1	0.93mi
7600 Dobel St Detroit, MI	3.0	1.0	1234	$1,400	$1.13	18d	1	0.97mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	25d	1	1.02mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	19d	1	1.03mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	23d	1	1.06mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	25d	1	1.06mi
11765 Glenfield Ave Unit 1510880P Detroit, MI	2.0	1.0	990	$3,102	$3.13	16d	1	1.10mi
7533 Quinn St Unit 1 Detroit, MI	2.0	1.0	700	$850	$1.21	45d	1	1.12mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	6d	1	1.16mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	19d	1	1.21mi
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	19d	1	1.21mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	45d	1	1.28mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	19d	1	1.31mi
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	18d	1	1.35mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	19d	1	1.36mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	19d	1	1.42mi
12051 Wilshire Dr Detroit, MI	3.0	1.5	1224	$1,250	$1.02	19d	1	1.50mi

Listing history 21 events

1. 2026-06-21
   days on market $109,000 Active 55 DOM
2. 2026-06-18
   days on market $109,000 Active 52 DOM
3. 2026-06-17
   days on market $109,000 Active 51 DOM
4. 2026-06-15
   days on market $109,000 Active 49 DOM
5. 2026-06-13
   days on market $109,000 Active 47 DOM
6. 2026-06-13
   days on market $109,000 Active 46 DOM
7. 2026-06-09
   days on market $109,000 Active 43 DOM
8. 2026-06-08
   days on market $109,000 Active 42 DOM
9. 2026-06-07
   days on market $109,000 Active 41 DOM
10. 2026-06-04
    days on market $109,000 Active 38 DOM
11. 2026-06-03
    pricedays on market $109,000 Active 37 DOM

    Show marketing remark (1338 chars)

    Welcome to this charming and well-maintained home located in a quiet, established neighborhood of Detroit. This property offers a great blend of comfort, functionality, and investment potential. Featuring a spacious layout, the home includes an expansive upstairs master bedroom, along with two well-sized bedrooms on the main level, providing flexibility for families or tenants. The home boasts a bright and inviting living room that offers plenty of space to relax or entertain, while the generously sized kitchen provides ample room for cooking and gathering. A conveniently located full bathroom serves the home efficiently. Natural light flows throughout, enhancing the warm and welcoming atmosphere. The layout offers comfortable room proportions across all living spaces, making it ideal for everyday living. Outside, the property includes a generous yard - perfect for outdoor enjoyment, gardening, or entertaining guests. Conveniently located near schools, parks, shopping, and major roadways, this home offers easy access to everything Detroit has to offer while maintaining a peaceful residential feel. Whether you're a homeowner looking for an affordable place to settle in or an investor seeking a solid rental opportunity, this property presents excellent value and potential. ALL measurements are estimated, BATVAI. Thanks

12. 2026-06-02
    days on market $114,000 Active 36 DOM
13. 2026-06-01
    days on market $114,000 Active 35 DOM
14. 2026-05-31
    days on market $114,000 Active 34 DOM
15. 2026-05-16
    price $114,000 1338-char remark

    Show marketing remark (1338 chars)

    Welcome to this charming and well-maintained home located in a quiet, established neighborhood of Detroit. This property offers a great blend of comfort, functionality, and investment potential. Featuring a spacious layout, the home includes an expansive upstairs master bedroom, along with two well-sized bedrooms on the main level, providing flexibility for families or tenants. The home boasts a bright and inviting living room that offers plenty of space to relax or entertain, while the generously sized kitchen provides ample room for cooking and gathering. A conveniently located full bathroom serves the home efficiently. Natural light flows throughout, enhancing the warm and welcoming atmosphere. The layout offers comfortable room proportions across all living spaces, making it ideal for everyday living. Outside, the property includes a generous yard - perfect for outdoor enjoyment, gardening, or entertaining guests. Conveniently located near schools, parks, shopping, and major roadways, this home offers easy access to everything Detroit has to offer while maintaining a peaceful residential feel. Whether you're a homeowner looking for an affordable place to settle in or an investor seeking a solid rental opportunity, this property presents excellent value and potential. ALL measurements are estimated, BATVAI. Thanks

16. 2026-05-15
    price $114,000 1342-char remark
17. 2026-04-27
    listed $119,999 Active 1342-char remark

    Show marketing remark (1338 chars)

    Welcome to this charming and well-maintained home located in a quiet, established neighborhood of Detroit. This property offers a great blend of comfort, functionality, and investment potential. Featuring a spacious layout, the home includes an expansive upstairs master bedroom, along with two well-sized bedrooms on the main level, providing flexibility for families or tenants. The home boasts a bright and inviting living room that offers plenty of space to relax or entertain, while the generously sized kitchen provides ample room for cooking and gathering. A conveniently located full bathroom serves the home efficiently. Natural light flows throughout, enhancing the warm and welcoming atmosphere. The layout offers comfortable room proportions across all living spaces, making it ideal for everyday living. Outside, the property includes a generous yard - perfect for outdoor enjoyment, gardening, or entertaining guests. Conveniently located near schools, parks, shopping, and major roadways, this home offers easy access to everything Detroit has to offer while maintaining a peaceful residential feel. Whether you're a homeowner looking for an affordable place to settle in or an investor seeking a solid rental opportunity, this property presents excellent value and potential. ALL measurements are estimated, BATVAI. Thanks

18. 2026-04-27
    listed $119,999 Active 1338-char remark

    Show marketing remark (1338 chars)

    Welcome to this charming and well-maintained home located in a quiet, established neighborhood of Detroit. This property offers a great blend of comfort, functionality, and investment potential. Featuring a spacious layout, the home includes an expansive upstairs master bedroom, along with two well-sized bedrooms on the main level, providing flexibility for families or tenants. The home boasts a bright and inviting living room that offers plenty of space to relax or entertain, while the generously sized kitchen provides ample room for cooking and gathering. A conveniently located full bathroom serves the home efficiently. Natural light flows throughout, enhancing the warm and welcoming atmosphere. The layout offers comfortable room proportions across all living spaces, making it ideal for everyday living. Outside, the property includes a generous yard - perfect for outdoor enjoyment, gardening, or entertaining guests. Conveniently located near schools, parks, shopping, and major roadways, this home offers easy access to everything Detroit has to offer while maintaining a peaceful residential feel. Whether you're a homeowner looking for an affordable place to settle in or an investor seeking a solid rental opportunity, this property presents excellent value and potential. ALL measurements are estimated, BATVAI. Thanks

19. 2025-12-26
    soldstatus $40,000
20. 2025-12-26
    soldstatus $40,000
21. 2025-12-25
    listed $40,000

ⓘ 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: $2,199 · $183/mo
• Projected year-2 tax: $2,199 · $183/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 ≥96°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: $16,068
• − Mortgage interest: −$6,106
• − Property taxes: −$2,199
• − Insurance: −$545
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − Depreciation: −$3,171
• Taxable income: $1,476
• Est. tax owed @ 24.0%: −$354
• After-tax cash flow: $2,736/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+172.5% since first listed

9 events — show timeline

• 2026-06-03 Price Changed $109,000 MiRealSource-MiMLS
• 2026-06-03 Price Changed $109,000 REALCOMP
• 2026-05-16 Price Changed $114,000 MiRealSource-MiMLS
• 2026-05-15 Price Changed $114,000 REALCOMP
• 2026-04-27 Listed $119,999 REALCOMP
• 2026-04-27 Listed $119,999 MiRealSource-MiMLS
• 2025-12-26 Sold (MLS) $40,000 MiRealSource-MiMLS
• 2025-12-26 Sold (MLS) $40,000 REALCOMP
• 2025-12-25 Listed $40,000 MiRealSource-MiMLS

Property tax history

+1.5%/yr

Latest (2025): $2,199 · +1.0% YoY. Source: county tax records.