7667 Ellsworth St · Detroit, MI 48238

$54,999

2 bd · 1.0 ba · 704 sqft · SingleFamily public records · 14 Days on market

Built 1924 3,049 sqft lot $78/sqft · 76% above area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Whether you're an investor or a first-time home buyer, this home offers a great opportunity. Featuring spacious rooms and a large yard, the property has solid bones and plenty of potential. While some updates and TLC are needed, the price reflects the condition, making it an excellent value. A great option for buyers looking to build equity or add to their investment portfolio. Schedule your showing today!

Key facts

• 3,049 sq ft lot
• Built 1924
• Listed 13 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Ground-level entry with steps
• Construction: Asphalt construction materials; Brick/mortar foundation
• Exterior features: Paved road frontage; Lot approximately 0.07 acres (30 x 100)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Five total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $273 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($923 rent vs $55k).
• Cap rate 12.3% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 (+6.1%/yr); 346 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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 33% of the median local income ($33k/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 $380 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 + 6.1% rent growth), your $15k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 8y 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: property tax is 3.2% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $54,999

Questions for the listing agent

1. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.68% ✓
• Cap rate: 12.25%
• Cash-on-cash: 21.29%
• DSCR: 1.95
• GRM: 5.0

CMA / ARV

• ARV (median comp): $31,219
• List price: $54,999
• Delta: 124.22%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14830 Greenlawn St	0.24mi	2/1.0	672 (-4%)	13mo	$15,000	$22	71
7326 Ellsworth St	0.20mi	2/1.0	756 (+7%)	13mo	$35,000	$46	67
14619 Greenlawn St	0.34mi	2/1.0	804 (+14%)	5mo	$52,000	$65	56
14890 Holmur St	0.60mi	2/1.0	779 (+11%)	10mo	$40,598	$52	45
6445 SW Globe St S	0.42mi	2/1.0	795 (+13%)	18mo	$30,000	$38	44
14611 Washburn St	0.73mi	2/1.0	790 (+12%)	10mo	$34,900	$44	37

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 · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 17.8%
• Equity multiple: 1.75×
• Total profit: $11,560
• Equity at exit: $8,201

10-year hold

• IRR: 28.6%
• Equity multiple: 3.98×
• Total profit: $45,890
• Equity at exit: $4,755

Cash invested: $15,400 (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 48238

• Home prices YoY: -14.4%
• Rents YoY: 6.1%
• Active inventory: 346
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $923 high
• Mortgage (P&I): −$288
• Tax from tax record: −$145 /mo · $1,737/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$194
• Net cashflow: $273

Break-even live

Break-even rent $577

Max offer price $54,999

Occupancy floor 65%

Sensitivity live

Price	-10% $304	-5% $289	+0% $273	+5% $258	+10% $242
Rent	-10% $200	-5% $237	+0% $273	+5% $310	+10% $346
Rate	-1.0pp $301	-0.5pp $287	base $273	+0.5pp $259	+1.0pp $244

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14950 Stoepel St Detroit, MI	2.0	1.0	600	$900	$1.50	25d	1	0.38mi
3808 Kendall St Unit 3 Detroit, MI	1.0	1.0	550	$700	$1.27	44d	1	0.82mi
2690 Ewald Cir Detroit, MI	1.0–2.0	1.0	750	$900	$1.20	25d	4	0.83mi
2341 Ewald Cir Unit 3 Detroit, MI	1.0	1.0	600	$900	$1.50	44d	1	0.89mi
3700 Pasadena St Unit 8 Detroit, MI	1.0	1.0	500	$775	$1.55	25d	1	1.03mi
1875 Ewald Cir Unit 2E Detroit, MI	1.0	1.0	725	$875	$1.21	5d	1	1.07mi
3266 Pasadena St Unit 3 Detroit, MI	1.0	1.0	696	$700	$1.01	44d	1	1.09mi
1705 Oakman Blvd Unit 5 Detroit, MI	1.0	1.0	650	$895	$1.38	44d	1	1.18mi
1705 Oakman Blvd Unit 10 Detroit, MI	1.0	1.0	650	$895	$1.38	24d	1	1.18mi
3235 W Grand St Detroit, MI	2.0	1.0	500	$850	$1.70	15d	1	1.18mi
12728 Monica St Unit 2 Detroit, MI	1.0	1.0	620	$750	$1.21	44d	1	1.34mi
2952 Waverly St Unit 2W Detroit, MI	1.0	1.0	439	$750	$1.71	11d	1	1.37mi
12663 Stoepel St Unit 1 Detroit, MI	2.0	1.0	750	$975	$1.30	18d	1	1.42mi
2623 W McNichols Rd Unit 23106 Detroit, MI	1.0	1.0	750	$1,075	$1.43	44d	1	1.43mi
2433 Pasadena St Unit 2435 Detroit, MI	2.0	1.0	700	$1,025	$1.46	44d	1	1.43mi

Listing history 26 events

1. 2026-06-18
   days on market $54,999 Active 14 DOM
2. 2026-06-17
   days on market $54,999 Active 13 DOM
3. 2026-06-16
   days on market $54,999 Active 12 DOM
4. 2026-06-15
   days on market $54,999 Active 11 DOM
5. 2026-06-13
   days on market $54,999 Active 9 DOM
6. 2026-06-13
   days on market $54,999 Active 8 DOM
7. 2026-06-09
   days on market $54,999 Active 5 DOM
8. 2026-06-08
   days on market $54,999 Active 4 DOM
9. 2026-06-07
   statusdays on marketlisting id $54,999 Active 3 DOM
10. 2026-06-04
    remarks 409-char remark
11. 2026-06-04
    pricestatusdays on marketlisting id $54,999 Coming Soon 1 DOM
12. 2026-05-05
    historical
13. 2026-05-05
    historical
14. 2026-02-06
    price $70,000
15. 2026-02-05
    price $70,000
16. 2025-08-25
    listed $80,000 Active
17. 2025-08-25
    listed $80,000 Active
18. 2021-06-04
    soldstatus $65,400
19. 2019-02-15
    soldstatus $6,000 Sold
20. 2019-02-15
    soldstatus $6,000 Closed
21. 2019-01-31
    status Pending
22. 2019-01-31
    status Pending
23. 2018-12-06
    price $6,000
24. 2018-12-05
    price $6,000
25. 2018-09-12
    listed $10,000 Active
26. 2018-09-12
    listed $10,000 Active

ⓘ 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: $1,737 · $145/mo
• Projected year-2 tax: $1,737 · $145/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 ≥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: $11,079
• − Mortgage interest: −$3,081
• − Property taxes: −$1,737
• − Insurance: −$275
• − Repairs & maintenance: −$886
• − Management: −$886
• − Depreciation: −$1,600
• Taxable income: $2,613
• Est. tax owed @ 24.0%: −$627
• After-tax cash flow: $2,652/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): 24,731
• Household income: $33,315
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2172.0

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% Two or more races 3% White 1%
• Foreign-born: 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: ▼ -31.96%
• Current HPI: 189.6227
• Rent YoY: ▲ 6.14%
• 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

+450.0% since first listed

18 events — show timeline

• 2026-06-05 Listed $54,999 MiRealSource-MiMLS
• 2026-06-05 Listed $54,999 REALCOMP
• 2026-06-03 Coming Soon $54,999 MiRealSource-MiMLS
• 2026-05-05 Listing Removed — REALCOMP
• 2026-05-05 Listing Removed — MiRealSource-MiMLS
• 2026-02-06 Price Changed $70,000 MiRealSource-MiMLS
• 2026-02-05 Price Changed $70,000 REALCOMP
• 2025-08-25 Listed $80,000 REALCOMP
• 2025-08-25 Listed $80,000 MiRealSource-MiMLS
• 2021-06-04 Sold (Public Records) $65,400 Public Records
• 2019-02-15 Sold (MLS) $6,000 MiRealSource-MiMLS
• 2019-02-15 Sold (MLS) $6,000 REALCOMP
• 2019-01-31 Pending — MiRealSource-MiMLS
• 2019-01-31 Pending — REALCOMP
• 2018-12-06 Price Changed $6,000 MiRealSource-MiMLS
• 2018-12-05 Price Changed $6,000 REALCOMP
• 2018-09-12 Listed $10,000 MiRealSource-MiMLS
• 2018-09-12 Listed $10,000 REALCOMP

Property tax history

+16.6%/yr

Latest (2025): $1,737 · +98.5% YoY. Source: county tax records.