17158 Santa Barbara Dr · Detroit, MI 48221

$134,000

4 bd · 2.0 ba · 2,208 sqft · SingleFamily public records · 3 Days on market

Built 1938 4,792 sqft lot Est $247k · 46% under ↓ 4% 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 +29.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS 4 BEDROOM ALL BRICK COLONIAL, HAS A LOT OF POTENTIAL. LARGE BEDROOMS, NICE SIZE KITCHEN, HARDWOOD FLOORS, 1 FULL BATH, FULL BASEMENT. GOOD LOCATION CLOSE TO SCHOOLS AND SHOPPING. ALL DATA AND MEASUREMENT APPROX.

Key facts

• 4,792 sq ft lot
• Built 1938
• Listed 3 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Sewer available; Water available
• Home design: Single-family residence; Two levels; Ground-level entry
• Construction: Brick construction; Block foundation; Below-grade finished area present
• Exterior features: Paved road access; Lot approximately 0.11 acres (40 x 125)

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: 9 total rooms; Basement with interior entry, partially finished

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $486 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $134k).

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 (+3.4%/yr); 349 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 37% of the median local income ($58k/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 $926 of loan paydown is wiped out by about $4k 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 + 3.4% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 17 sale attempts since 24y 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.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $134,000

Questions for the listing agent

1. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.33% ✓
• Cap rate: 10.64%
• Cash-on-cash: 15.54%
• DSCR: 1.69
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $247,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16653 Woodingham Dr	0.27mi	3/1.0 (-1)	2,368 (+7%)	1mo	$75,000	$32	66
18287 Santa Rosa Dr	0.58mi	3/2.0 (-1)	2,142 (-3%)	1mo	$200,000	$93	62
17540 Indiana St	0.54mi	4/2.0	2,020 (-8%)	2mo	$155,000	$77	59
17202 Warrington Dr	0.45mi	3/3.0 (-1)	2,071 (-6%)	1mo	$195,000	$94	59
17214 Ohio St	0.38mi	3/1.5 (-1)	2,400 (+9%)	4mo	$173,000	$72	58
18084 Birchcrest Dr	0.73mi	4/2.5	2,157 (-2%)	3mo	$220,000	$102	58
17584 Cherrylawn St	0.42mi	3/1.5 (-1)	2,021 (-8%)	4mo	$281,000	$139	56
8549 Marygrove Dr	0.47mi	3/1.5 (-1)	1,993 (-10%)	1mo	$224,000	$112	54
17585 Wisconsin St	0.54mi	4/2.0	1,944 (-12%)	3mo	$290,000	$149	52
16801 Washburn St	0.71mi	4/2.0	2,031 (-8%)	2mo	$230,000	$113	52
18264 San Juan Dr	0.52mi	4/3.5	2,537 (+15%)	0mo	$324,500	$128	45
18661 San Juan Dr	0.75mi	4/2.5	1,882 (-15%)	4mo	$236,000	$125	36

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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: 6.8%
• Equity multiple: 1.27×
• Total profit: $10,054
• Equity at exit: $19,980

10-year hold

• IRR: 16.6%
• Equity multiple: 2.39×
• Total profit: $52,002
• Equity at exit: $11,586

Cash invested: $37,520 (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 48221

• Rents YoY: 3.4%
• Active inventory: 349
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,787 high
• Mortgage (P&I): −$703
• Tax est. 1.5%: −$168 /mo · $2,010/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $486

Break-even live

Break-even rent $1,172

Max offer price $134,000

Occupancy floor 68%

Sensitivity live

Price	-10% $578	-5% $532	+0% $486	+5% $440	+10% $393
Rent	-10% $345	-5% $415	+0% $486	+5% $556	+10% $627
Rate	-1.0pp $553	-0.5pp $520	base $486	+0.5pp $451	+1.0pp $416

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17530 Roselawn St Unit 1 Detroit, MI	3.0	2.0	1600	$2,000	$1.25	25d	1	0.31mi
16546 Wisconsin St Detroit, MI	3.0	1.0	1577	$1,500	$0.95	44d	1	0.56mi
16934 Ilene St Detroit, MI	3.0	1.5	1516	$1,400	$0.92	20d	1	0.73mi
16211 Kentucky St Detroit, MI	4.0	2.0	2168	$1,995	$0.92	18d	1	0.74mi
15756 Ohio St Detroit, MI	5.0	2.0	1934	$1,700	$0.88	25d	1	0.84mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	25d	1	0.91mi
16503 Linwood St Detroit, MI	4.0	2.0	2415	$1,800	$0.75	4d	1	1.07mi
15537 Normandy St Detroit, MI	3.0	1.0	2626	$1,400	$0.53	44d	1	1.38mi
16230 Cheyenne St Detroit, MI	3.0	1.0	1653	$1,450	$0.88	44d	1	1.46mi

Listing history 5 events

1. 2026-06-19
   status $134,000 Pending 3 DOM
2. 2026-06-18
   days on market $134,000 Active 3 DOM
3. 2026-06-17
   days on market $134,000 Active 2 DOM
4. 2026-06-15
   remarks 216-char remark
5. 2026-06-15
   listed $134,000 Active 1 DOM

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,447
• − Mortgage interest: −$7,506
• − Property taxes: −$2,010
• − Insurance: −$670
• − Repairs & maintenance: −$1,716
• − Management: −$1,716
• − Depreciation: −$3,898
• Taxable income: $3,931
• Est. tax owed @ 24.0%: −$943
• After-tax cash flow: $4,887/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): 41,392
• Household income: $57,878
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1646.0

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 (85%)
• Race & ethnicity: Black 85% White 8% Two or more races 4% Asian 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 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: ▼ -433.14%
• Current HPI: 280.5434
• Rent YoY: ▲ 3.44%
• 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

-4.3% since first listed

44 events — show timeline

• 2026-06-14 Listed $134,000 REALCOMP
• 2026-06-14 Listed $134,000 MiRealSource-MiMLS
• 2025-08-18 Listing Removed — MiRealSource-MiMLS
• 2025-07-22 Price Changed $224,900 MiRealSource-MiMLS
• 2025-07-22 Relisted — MiRealSource-MiMLS
• 2025-07-22 Relisted — REALCOMP
• 2025-07-22 Price Changed $224,900 REALCOMP
• 2025-05-29 Listing Removed — REALCOMP
• 2025-05-29 Listing Removed — MiRealSource-MiMLS
• 2025-05-28 Listed $200,000 REALCOMP
• 2025-05-28 Listed $200,000 MiRealSource-MiMLS
• 2025-01-24 Listing Removed — REALCOMP
• 2025-01-24 Listing Removed — MiRealSource-MiMLS
• 2024-12-03 Listed $285,000 MiRealSource-MiMLS
• 2024-12-03 Listed $285,000 REALCOMP
• 2024-12-02 Coming Soon — MiRealSource-MiMLS
• 2024-12-02 Coming Soon — REALCOMP
• 2021-12-16 Sold (Public Records) $237,500 Public Records
• 2021-09-01 Sold (MLS) $237,500 MiRealSource-MiMLS
• 2021-09-01 Sold (MLS) $237,500 REALCOMP
• 2021-08-03 Listed $237,500 MiRealSource-MiMLS
• 2021-08-03 Listing Removed — MiRealSource-MiMLS
• 2021-08-03 Listed $237,500 REALCOMP
• 2021-08-03 Listing Removed — REALCOMP
• 2020-12-02 Sold (Public Records) $140,000 Public Records
• 2009-06-25 Sold (Public Records) $135,000 Public Records
• 2009-01-12 Sold (MLS) $18,000 REALCOMP
• 2009-01-12 Sold (MLS) $18,000 MiRealSource-MiMLS
• 2008-12-23 Listing Removed — MiRealSource-MiMLS
• 2008-12-05 Listed $17,500 REALCOMP
• 2008-12-05 Listed $17,500 MiRealSource-MiMLS
• 2007-11-06 Sold (Public Records) $170,000 Public Records
• 2007-04-27 Sold (MLS) $80,000 REALCOMP
• 2007-04-27 Sold (MLS) $80,000 MiRealSource-MiMLS
• 2007-04-27 Sold (MLS) $80,000 REALCOMP
• 2007-03-20 Listing Removed — MiRealSource-MiMLS
• 2007-01-16 Listed $89,900 MiRealSource-MiMLS
• 2007-01-16 Listed $89,900 REALCOMP
• 2006-12-13 Listed $89,900 REALCOMP
• 2003-10-07 Sold (Public Records) $153,000 Public Records
• 2003-07-18 Sold (MLS) $150,000 REALCOMP
• 2003-03-10 Listed $160,000 REALCOMP
• 2002-11-06 Listing Removed — REALCOMP
• 2002-05-06 Listed $140,000 REALCOMP

Property tax history

+12.9%/yr

Latest (2025): $8,171 · +0.0% YoY. Source: county tax records.