18988 Dale St · Detroit, MI 48219

$57,900

3 bd · 1.0 ba · 1,068 sqft · SingleFamily public records · 104 Days on market

Built 1952 4,792 sqft lot $54/sqft · 24% below area Est $77k · 24% under

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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
• Rent growth +4.5/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

Key facts

• 4,792 sq ft lot
• Garage
• Built 1952

🏷️ Possibly a rental listed for sale. The $57,900 price doesn't fit this home's estimated sale value (~$76,666) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $58k.

Deal economics

• At list price, monthly cash flow is $593 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $53k (9.0% below list) — sets the bar for market timing.
• Cap rate 18.6% 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 (+8.0%/yr); 305 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 ($44k/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 $400 of loan paydown is wiped out by about $2k 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 + 8.0% rent growth), your $16k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $33k; list at $58k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $52,689 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 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 1952 — 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: 2.17% ✓
• Cap rate: 18.57%
• Cash-on-cash: 43.86%
• DSCR: 2.95
• GRM: 3.8

CMA / ARV

• ARV (median comp): $76,666
• List price: $57,900
• Delta: -24.48%
• 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
18614 Winston St	0.42mi	3/1.0	1,064 (-0%)	5mo	$110,000	$103	76
18434 Wormer St	0.32mi	3/1.5	1,024 (-4%)	7mo	$95,000	$93	70
23450 Margareta St	0.34mi	3/1.0	957 (-10%)	4mo	$45,000	$47	64
18293 Codding St	0.41mi	3/1.0	962 (-10%)	1mo	$30,000	$31	63
19848 Winston St	0.65mi	3/1.5	1,032 (-3%)	2mo	$92,000	$89	60
18935 Woodbine St	0.17mi	4/2.0 (+1)	1,178 (+10%)	8mo	$190,000	$161	59
19309 Lenore	0.37mi	3/1.0	920 (-14%)	2mo	$86,900	$94	58
19371 Winston St	0.50mi	3/1.5	960 (-10%)	5mo	$120,200	$125	54
19311 Grandview St	0.52mi	3/1.5	1,214 (+14%)	3mo	$52,500	$43	48
18212 Fenton St	0.52mi	3/1.0	1,200 (+12%)	9mo	$87,000	$73	48
17655 Fenton St	0.64mi	3/1.0	969 (-9%)	8mo	$76,500	$79	48
17714 Salem St	0.67mi	3/2.0	1,200 (+12%)	4mo	$150,000	$125	41

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 46.4%
• Equity multiple: 3.16×
• Total profit: $35,018
• Equity at exit: $8,633

10-year hold

• IRR: 54.3%
• Equity multiple: 7.75×
• Total profit: $109,392
• Equity at exit: $5,006

Cash invested: $16,212 (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 48219

• Home prices YoY: -10.3%
• Rents YoY: 8.0%
• Active inventory: 305
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,257 high
• Mortgage (P&I): −$304
• Tax est. 1.5%: −$72 /mo · $868/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $593

Break-even live

Break-even rent $506

Max offer price $57,900

Occupancy floor 48%

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: $14,475
• Closing costs: $1,737
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19250 Telegraph Rd Unit O7 Detroit, MI	2.0	1.0	820	$975	$1.19	24d	1	0.20mi
19248 Telegraph Rd Unit P7 Detroit, MI	2.0	1.0	820	$975	$1.19	24d	1	0.21mi
19276 Telegraph Rd Detroit, MI	2.0	1.0	820	$975	$1.19	44d	1	0.23mi
19264 Telegraph Rd Unit G7 Detroit, MI	2.0	1.0	820	$975	$1.19	44d	1	0.23mi
19301 Shiawassee Dr Detroit, MI	1.0–2.0	1.0	740	$1,150	$1.55	44d	2	0.31mi
18302 Wormer St Detroit, MI	3.0	1.0	1046	$1,475	$1.41	44d	1	0.38mi
18732 Salem Unit 2 Detroit, MI	2.0	1.0	925	$1,050	$1.14	13d	1	0.49mi
22570 Seven Mile W Detroit, MI	2.0	1.0	890	$875	$0.98	44d	1	0.54mi
19800 Telegraph Rd Detroit, MI	2.0	1.0	855	$1,020	$1.19	44d	1	0.54mi
22649 Frisbee St Detroit, MI	3.0	1.0	1100	$1,495	$1.36	44d	1	0.66mi
19800 Berg Rd Detroit, MI	3.0	1.0	1000	$1,550	$1.55	17d	1	0.67mi
17324 Salem St Detroit, MI	2.0	1.0	989	$1,200	$1.21	24d	1	0.88mi
17355 McIntyre St Detroit, MI	3.0	1.0	1500	$1,250	$0.83	44d	1	0.90mi
22238 Pembroke Ave Detroit, MI	3.0	1.5	1100	$1,500	$1.36	44d	1	0.93mi
17328 McIntyre St Unit 2 Detroit, MI	3.0	1.0	1200	$1,250	$1.04	44d	1	0.93mi
20083 Salem St Detroit, MI	3.0	1.0	969	$1,050	$1.08	5d	1	0.94mi
20083 Salem St Detroit, MI	3.0	1.0	969	$1,050	$1.08	11d	1	0.94mi
23411 W Eight Mile Rd Detroit, MI	1.0–2.0	1.0	742	$1,000	$1.35	44d	1	1.00mi
19928 Houghton St Detroit, MI	3.0	1.0	880	$1,495	$1.70	11d	1	1.00mi
20410 Five Points St Redford, MI	3.0	1.0	950	$1,600	$1.68	5d	1	1.00mi
16800 Telegraph Rd Detroit, MI	2.0	1.0	775	$875	$1.13	44d	1	1.09mi
16800 Wormer St Detroit, MI	3.0	1.0	912	$1,250	$1.37	18d	1	1.11mi
16896 Salem St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	44d	1	1.11mi
21455 Pickford St Detroit, MI	2.0	1.0	1000	$1,275	$1.27	44d	1	1.14mi
21434 Karl St Detroit, MI	2.0	1.0	1000	$1,350	$1.35	44d	1	1.17mi
21451 Glenco St Detroit, MI	3.0	1.0	1026	$1,400	$1.36	17d	1	1.20mi
16581 Wormer St Detroit, MI	2.0	1.0	720	$1,100	$1.53	44d	1	1.21mi
18025 Bentler St Detroit, MI	3.0	1.0	728	$1,250	$1.72	24d	1	1.25mi
21440 Bennett St Detroit, MI	3.0	1.0	1037	$1,394	$1.34	17d	1	1.26mi
21422 Pembroke Ave Detroit, MI	3.0	1.5	1000	$1,695	$1.70	17d	1	1.26mi
20555 Lahser Rd Detroit, MI	1.0–2.0	1.0	737	$975	$1.32	44d	2	1.27mi
17721 Westbrook St Detroit, MI	4.0	1.0	1040	$1,125	$1.08	24d	1	1.32mi
16207 Woodbine St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	5d	1	1.33mi
18437 Trinity St Detroit, MI	3.0	1.0	875	$1,364	$1.56	15d	1	1.36mi
16131 Dale St Detroit, MI	3.0	1.0	1100	$1,500	$1.36	18d	1	1.38mi
19810 Blackstone St Detroit, MI	3.0	1.0	1216	$1,395	$1.15	44d	1	1.40mi
17274 Bentler St #46 Detroit, MI	2.0	1.0	700	$850	$1.21	17d	1	1.40mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$850	$1.21	44d	2	1.42mi
17274 Bentler St Detroit, MI	2.0	1.0	700	$838	$1.20	24d	2	1.42mi
25822 W 6 Mile Rd Redford Township, MI	2.0	2.0	1100	$1,100	$1.00	24d	1	1.43mi

Listing history 42 events

1. 2026-06-18
   days on market $57,900 Active 104 DOM
2. 2026-06-17
   days on market $57,900 Active 103 DOM
3. 2026-06-15
   days on market $57,900 Active 101 DOM
4. 2026-06-13
   days on market $57,900 Active 99 DOM
5. 2026-06-13
   pricedays on market $57,900 Active 98 DOM
6. 2026-06-09
   days on market $58,900 Active 95 DOM
7. 2026-06-08
   days on market $58,900 Active 94 DOM
8. 2026-06-07
   days on market $58,900 Active 93 DOM
9. 2026-06-04
   days on market $58,900 Active 90 DOM
10. 2026-06-03
    days on market $58,900 Active 89 DOM
11. 2026-06-02
    price $58,900 Active 87 DOM
12. 2026-06-01
    days on market $59,900 Active 87 DOM
13. 2026-05-31
    days on market $59,900 Active 86 DOM
14. 2026-05-14
    price $59,900 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

15. 2026-05-13
    price $59,900 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

16. 2026-04-24
    price $61,900 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

17. 2026-04-23
    price $61,900 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

18. 2026-03-26
    price $62,900 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

19. 2026-03-25
    price $62,900 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

20. 2026-03-06
    listed $67,400 Active 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

21. 2026-03-06
    listed $67,400 Active 566-char remark

    Show marketing remark (566 chars)

    TENANT OCCUPIED BUNGALOW HOME LOCATED JUST SOUTH OF SEVEN MILE AND JUST EAST OF TELEGRAPH. THIS HOME FEATURES A 1 CAR DETACHED GARAGE, HARDWOOD FLOORS, INVITING LIVING ROOM, DINING ROOM, TWO BEDROOMS AND BATHROOM ON THE MAIN FLOOR, LARGE PRIMARY BEDROOM ON THE SECOND FLOORS, AND AN UNFINISHED BASEMENT. THE TENANT RENT IS 925 PER MONTH, AND THE TENANT WISHES TO STAY. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. BUYER TO PAY DETROIT INVESTMENT CO A 295 PROCESSING FEE AT CLOSING.

22. 2026-01-21
    historical
23. 2026-01-20
    historical
24. 2025-11-06
    price $67,900
25. 2025-11-05
    price $67,900
26. 2025-11-05
    price $67,900
27. 2025-09-02
    listed $69,900 Active
28. 2025-09-02
    listed $69,900 Active
29. 2024-12-17
    historical
30. 2024-12-16
    historical
31. 2024-05-16
    listed $69,900 Active
32. 2024-05-16
    listed $69,900 Active
33. 2023-10-11
    historical
34. 2023-10-11
    historical
35. 2023-06-20
    listed $75,900 Active
36. 2023-06-20
    listed $75,900 Active
37. 2023-06-14
    historical
38. 2023-06-14
    historical
39. 2007-02-28
    soldstatus $33,000
40. 2006-09-19
    listed $39,900
41. 1994-06-24
    soldstatus $38,000
42. 1994-06-24
    soldstatus $38,000

ⓘ 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,079
• − Mortgage interest: −$3,243
• − Property taxes: −$868
• − Insurance: −$290
• − Repairs & maintenance: −$1,206
• − Management: −$1,206
• − Depreciation: −$1,684
• Taxable income: $6,581
• Est. tax owed @ 24.0%: −$1,579
• After-tax cash flow: $5,531/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): 47,208
• Household income: $43,655
• Rent vs Own: 45.1% rent · 54.9% own
• Severe rent burden: 3584.0

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 (88%)
• Race & ethnicity: Black 88% White 5% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% 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: ▼ -65.06%
• Current HPI: 563.3263
• Rent YoY: ▲ 8.04%
• 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

+57.6% since first listed

29 events — show timeline

• 2026-05-14 Price Changed $59,900 MiRealSource-MiMLS
• 2026-05-13 Price Changed $59,900 REALCOMP
• 2026-04-24 Price Changed $61,900 MiRealSource-MiMLS
• 2026-04-23 Price Changed $61,900 REALCOMP
• 2026-03-26 Price Changed $62,900 MiRealSource-MiMLS
• 2026-03-25 Price Changed $62,900 REALCOMP
• 2026-03-06 Listed $67,400 REALCOMP
• 2026-03-06 Listed $67,400 MiRealSource-MiMLS
• 2026-01-21 Listing Removed — MiRealSource-MiMLS
• 2026-01-20 Listing Removed — REALCOMP
• 2025-11-06 Price Changed $67,900 MiRealSource-MiMLS
• 2025-11-05 Price Changed $67,900 REALCOMP
• 2025-11-05 Price Changed $67,900 SW Michigan MLS
• 2025-09-02 Listed $69,900 REALCOMP
• 2025-09-02 Listed $69,900 MiRealSource-MiMLS
• 2024-12-17 Listing Removed — MiRealSource-MiMLS
• 2024-12-16 Listing Removed — REALCOMP
• 2024-05-16 Listed $69,900 MiRealSource-MiMLS
• 2024-05-16 Listed $69,900 REALCOMP
• 2023-10-11 Listing Removed — MiRealSource-MiMLS
• 2023-10-11 Listing Removed — REALCOMP
• 2023-06-20 Listed $75,900 MiRealSource-MiMLS
• 2023-06-20 Listed $75,900 REALCOMP
• 2023-06-14 Coming Soon — MiRealSource-MiMLS
• 2023-06-14 Coming Soon — REALCOMP
• 2007-02-28 Sold (MLS) $33,000 REALCOMP
• 2006-09-19 Listed $39,900 REALCOMP
• 1994-06-24 Sold (Public Records) $38,000 Public Records
• 1994-06-24 Sold (Public Records) $38,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $2,942 · +69.3% YoY. Source: county tax records.