1917 Orleans St #49 · Detroit, MI 48207

$70,000

3 bd · 2.0 ba · 1,478 sqft · Condo public records · 282 Days on market

Built 1966 $47/sqft · 57% below area $945/mo HOA · 41% of rent

---

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
• Livability +3.7/5.0
• Appreciation +3.6/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

Key facts

• $945 HOA
• Garage
• Built 1966

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $70k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.3% 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 (+3.5%/yr); 244 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $2,295/mo this rent would consume 58% of the median local household income ($48k/yr) (locally 2017% 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 (-2.8%/yr); year-one equity from $484 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 (-2.8% appreciation + 3.5% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 282 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 2y ago; this cycle's ask has dropped $40k (36%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $70k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.

Recommended offer $61,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 282 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 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 3.28% ✓
• Cap rate: 13.29%
• Cash-on-cash: 24.99%
• DSCR: 2.11
• GRM: 2.5

CMA / ARV

• ARV (median comp): $163,067
• List price: $70,000
• Delta: -57.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-2.79% appreciation · 3.53% rent growth · sell at horizon

5-year hold

• IRR: 20.7%
• Equity multiple: 1.87×
• Total profit: $17,093
• Equity at exit: $11,090

10-year hold

• IRR: 29.6%
• Equity multiple: 3.88×
• Total profit: $56,421
• Equity at exit: $7,179

Cash invested: $19,600 (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 48207

• Home prices YoY: -2.0%
• Rents YoY: 3.5%
• Active inventory: 244
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $2,295 high
• Mortgage (P&I): −$367
• Tax from tax record: −$64 /mo · $763/yr
• Insurance: −$29
• HOA: −$945
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $408

Break-even live

Break-even rent $1,778

Max offer price $70,000

Occupancy floor 77%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2003 Orleans St Unit 528 Detroit, MI	4.0	2.0	1800	$2,500	$1.39	44d	1	0.03mi
1989 Orleans St Detroit, MI	2.0	2.0	964	$1,700	$1.76	43d	1	0.03mi
1 Lafayette Plaisance St Detroit, MI	2.0	1.0	840	$2,337	$2.78	1d	28	0.27mi
1405 Rivard St Detroit, MI	2.0	1.0–2.0	665	$2,530	$3.80	3d	9	0.39mi
2280 E Vernor Hwy Detroit, MI	1.0–3.0	1.0–2.0	872	$1,111	$1.27	20d	1	0.40mi
2001 Chene St Detroit, MI	2.0	1.0	950	$1,069	$1.13	43d	1	0.47mi
1544 1566 E LAFAYETTE St Detroit, MI	2.0	1.0–2.0	848	$2,515	$2.97	3d	16	0.48mi
1941 Chene Ct Detroit, MI	1.0–2.0	1.0–2.0	795	$1,200	$1.51	12d	4	0.50mi
621 Orleans St Detroit, MI	1.0–2.0	1.0	775	$1,425	$1.84	2d	7	0.54mi
1387 Larned St Detroit, MI	2.0	1.0–1.5	825	$1,599	$1.94	3d	8	0.60mi
2928 Prince Hall Dr Detroit, MI	2.0	2.0	1425	$2,000	$1.40	4d	1	0.65mi
1001 E Jefferson Ave Detroit, MI	2.0	1.0	615	$2,265	$3.68	43d	20	0.73mi
310 Gratiot Ave Detroit, MI	2.0	1.0–2.0	753	$3,635	$4.83	20d	13	0.77mi
3670 Chrysler Dr Detroit, MI	1.0–2.0	1.0–1.5	877	$1,550	$1.77	43d	1	0.82mi
1323 Broadway St Detroit, MI	2.0	1.0	1500	$2,200	$1.47	43d	1	0.83mi
229 Orleans St Detroit, MI	1.0–2.0	1.0–2.5	1087	$2,779	$2.56	2d	10	0.83mi
66 Winder St #458 Detroit, MI	2.0	2.0	1300	$2,600	$2.00	24d	1	0.86mi
10 Witherell St Detroit, MI	1.0–2.0	1.0–2.5	1394	$6,000	$4.30	4d	8	0.89mi
555 Brush St Unit 2912 Detroit, MI	2.0	2.0	1265	$1,860	$1.47	44d	1	0.93mi
555 Brush St Unit : 1017 Detroit, MI	2.0	1.0	1020	$1,495	$1.47	44d	1	0.93mi
555 Brush St Unit 2706 Detroit, MI	2.0	2.0	1410	$2,075	$1.47	44d	1	0.93mi
555 Brush St Unit 3104 Detroit, MI	2.0	2.0	1020	$2,195	$2.15	44d	1	0.93mi
555 Brush St Unit 1615 Detroit, MI	2.0	1.0	1020	$1,715	$1.68	44d	1	0.93mi
76 W Adams Ave Detroit, MI	1.0–2.0	1.0–2.0	881	$2,787	$3.16	24d	10	0.98mi
1212 Griswold St Unit 1024685P Detroit, MI	2.0	2.0	1291	$11,873	$9.20	23d	1	1.01mi
500 River Pl Dr Detroit, MI	1.0–3.0	1.0–2.0	950	$2,000	$2.11	43d	1	1.03mi
1215 Griswold St Detroit, MI	2.0–3.0	2.0	912	$2,420	$2.65	3d	2	1.05mi
1133 Griswold St Detroit, MI	2.0	2.0	956	$2,400	$2.51	23d	1	1.05mi
111 State St Unit 1024679P Detroit, MI	2.0	2.0	1248	$7,718	$6.18	12d	1	1.05mi
111 State St Unit 1024673P Detroit, MI	2.0	2.0	1291	$8,342	$6.46	23d	1	1.05mi
600 Woodward Ave Detroit, MI	2.0	2.5	1392	$5,817	$4.18	1d	4	1.05mi
150 Bagley St Detroit, MI	1.0–2.0	1.0–2.5	960	$4,100	$4.27	17d	1	1.05mi
415 Clifford St Detroit, MI	2.0	1.0–2.0	755	$1,999	$2.65	4d	9	1.06mi
1265 Washington Blvd Detroit, MI	2.0	1.0–2.5	944	$5,560	$5.89	1d	9	1.10mi
3439 Woodward Ave Detroit, MI	2.0	1.0–2.0	901	$3,400	$3.77	1d	5	1.13mi
3325 Gratiot Ave Unit R Detroit, MI	2.0	1.0	1200	$1,000	$0.83	43d	1	1.14mi
3323 Gratiot Ave Unit R Detroit, MI	2.0	1.0	1200	$975	$0.81	43d	1	1.14mi
1440 Robert Bradby Dr Detroit, MI	2.0	2.0	1250	$1,472	$1.18	43d	1	1.18mi
321 W Lafayette Blvd Detroit, MI	1.0–2.0	1.0–2.0	834	$3,135	$3.76	2d	4	1.22mi
525 W Lafayette Blvd Detroit, MI	2.0–3.0	2.0	1546	$4,250	$2.75	43d	3	1.34mi

HOA detail condo

• Monthly dues: $945 · $11,340/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-05-11
   status Active 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

2. 2026-05-11
   status Active 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

3. 2026-01-08
   status Pending 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

4. 2026-01-08
   status Pending 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

5. 2025-12-01
   price $70,000 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

6. 2025-12-01
   price $70,000 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

7. 2025-10-22
   price $75,000 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

8. 2025-10-21
   price $75,000 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

9. 2025-09-12
   price $79,500 405-char remark

   Show marketing remark (405 chars)

   three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

10. 2025-09-12
    status Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

11. 2025-09-12
    status Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

12. 2025-09-12
    price $79,500 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

13. 2025-06-30
    status Pending 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

14. 2025-06-30
    status Pending 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

15. 2025-06-27
    status Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

16. 2025-06-27
    status Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

17. 2024-12-17
    status Pending 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

18. 2024-09-06
    status Pending 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

19. 2024-09-06
    status Pending 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

20. 2024-08-30
    status Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

21. 2024-08-30
    status Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

22. 2024-07-22
    status Pending 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

23. 2024-07-22
    status Pending 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

24. 2024-06-21
    price $79,900 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

25. 2024-06-21
    price $79,900 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

26. 2024-05-13
    price $89,900 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

27. 2024-05-13
    price $89,900 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

28. 2024-04-04
    price $99,900 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

29. 2024-04-04
    price $99,900 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

30. 2024-03-04
    listed $109,900 Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

31. 2024-03-01
    listed $109,900 Active 405-char remark

    Show marketing remark (405 chars)

    three bedroom, 2 bath two story condo with security gate parking lot, and parking garage that leads to your one car attached garage. fenced patio located through door wall from your unit. Unit is in good shape, ready for your finishing touches. Great area close to downtown activities. All information is estimated, should be verified. Back on Market, Deal fell through, the last buyers loss is YOUR gain!

32. 1999-08-06
    soldstatus $34,500

ⓘ 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: $763 · $64/mo
• Projected year-2 tax: $921 · $77/mo
• Expected delta: +$157/yr (+$13/mo · 20.6%)

ⓘ 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 ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,539
• − Mortgage interest: −$3,921
• − Property taxes: −$763
• − Insurance: −$350
• − Repairs & maintenance: −$2,203
• − Management: −$2,203
• − HOA: −$11,340
• − Depreciation: −$2,036
• Taxable income: $4,722
• Est. tax owed @ 24.0%: −$1,133
• After-tax cash flow: $3,764/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): 20,848
• Household income: $47,831
• Rent vs Own: 74.2% rent · 25.8% own
• Severe rent burden: 2017.0

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 (74%)
• Race & ethnicity: Black 74% White 18% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 2% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Arabic 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: ▼ -2.79%
• Current HPI: 136.6328
• Rent YoY: ▲ 3.53%
• 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

+102.9% since first listed

32 events — show timeline

• 2026-05-11 Relisted — MiRealSource-MiMLS
• 2026-05-11 Relisted — REALCOMP
• 2026-01-08 Pending — REALCOMP
• 2026-01-08 Pending — MiRealSource-MiMLS
• 2025-12-01 Price Changed $70,000 MiRealSource-MiMLS
• 2025-12-01 Price Changed $70,000 REALCOMP
• 2025-10-22 Price Changed $75,000 MiRealSource-MiMLS
• 2025-10-21 Price Changed $75,000 REALCOMP
• 2025-09-12 Price Changed $79,500 MiRealSource-MiMLS
• 2025-09-12 Relisted — MiRealSource-MiMLS
• 2025-09-12 Relisted — REALCOMP
• 2025-09-12 Price Changed $79,500 REALCOMP
• 2025-06-30 Pending — MiRealSource-MiMLS
• 2025-06-30 Pending — REALCOMP
• 2025-06-27 Relisted — MiRealSource-MiMLS
• 2025-06-27 Relisted — REALCOMP
• 2024-12-17 Pending — REALCOMP
• 2024-09-06 Pending — MiRealSource-MiMLS
• 2024-09-06 Pending — REALCOMP
• 2024-08-30 Relisted — MiRealSource-MiMLS
• 2024-08-30 Relisted — REALCOMP
• 2024-07-22 Pending — MiRealSource-MiMLS
• 2024-07-22 Pending — REALCOMP
• 2024-06-21 Price Changed $79,900 MiRealSource-MiMLS
• 2024-06-21 Price Changed $79,900 REALCOMP
• 2024-05-13 Price Changed $89,900 MiRealSource-MiMLS
• 2024-05-13 Price Changed $89,900 REALCOMP
• 2024-04-04 Price Changed $99,900 MiRealSource-MiMLS
• 2024-04-04 Price Changed $99,900 REALCOMP
• 2024-03-04 Listed $109,900 REALCOMP
• 2024-03-01 Listed $109,900 MiRealSource-MiMLS
• 1999-08-06 Sold (Public Records) $34,500 Public Records

Property tax history

+1.2%/yr

Latest (2025): $763 · -38.6% YoY. Source: county tax records.