2334 Highland St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
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 +27.7/30.0
- DSCR +9.8/10.0
- ARV discount +7.5/15.0
- 1% rule +7.4/10.0
- Rent growth +3.8/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$118,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you'll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
Key facts
- New furnace
- New siding
- Updated colonial
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/1.0-bath single-family listed at $118k.
Deal economics
- At list price, monthly cash flow is $356 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $118k).
- Recommended offer: $114k (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 (+5.2%/yr); 271 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 39% of the median local income ($45k/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 $816 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 + 5.2% rent growth), your $33k cash investment doubles in ~8 years — after that, you're playing with house money.
Negotiation context
- It's been on market 58 days — a 3% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 16y ago; this cycle's ask has dropped $12k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.24% ✓
- Cap rate
- 9.92%
- Cash-on-cash
- 12.94%
- DSCR
- 1.58
- GRM
- 6.7
CMA / ARV
- ARV (median comp)
- $39,742
- List price
- $118,000
- Delta
- 196.91%
- 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 |
|---|---|---|---|---|---|---|---|
| 2268 Highland St | 0.06mi | 3/1.0 (-1) | 1,163 (-9%) | 0mo | $10,000 | $9 | 76 |
| 13141 Montville Pl | 0.31mi | 4/2.0 | 1,296 (+1%) | 15mo | $29,900 | $23 | 67 |
| 2291 Tuxedo St | 0.31mi | 3/1.5 (-1) | 1,197 (-6%) | 4mo | $35,000 | $29 | 65 |
| 1689 Tyler St | 0.44mi | 3/1.5 (-1) | 1,260 (-2%) | 6mo | $77,300 | $61 | 65 |
| 2401 Cortland St | 0.10mi | 3/1.0 (-1) | 1,176 (-8%) | 15mo | $18,000 | $15 | 65 |
| 2509 Richton St | 0.21mi | 3/1.0 (-1) | 1,114 (-13%) | 2mo | $15,000 | $13 | 62 |
| 1568 Highland St | 0.45mi | 4/2.0 | 1,344 (+5%) | 6mo | $65,000 | $48 | 62 |
| 2474 Sturtevant St | 0.14mi | 3/1.0 (-1) | 1,092 (-15%) | 4mo | $28,000 | $26 | 61 |
| 2674 Glynn Ct | 0.72mi | 3/1.0 (-1) | 1,248 (-2%) | 15mo | $55,000 | $44 | 45 |
| 2476 Ford St | 0.69mi | 3/1.0 (-1) | 1,344 (+5%) | 11mo | $46,500 | $35 | 45 |
| 1996 W Grand St | 0.59mi | 3/1.5 (-1) | 1,400 (+9%) | 6mo | $40,009 | $29 | 44 |
| 371 Highland St | 0.57mi | 4/1.0 | 1,128 (-12%) | 14mo | $55,000 | $49 | 42 |
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 · 5.2% rent growth · sell at horizon
- IRR
- 5.3%
- Equity multiple
- 1.21×
- Total profit
- $6,899
- Equity at exit
- $17,594
- IRR
- 16.6%
- Equity multiple
- 2.50×
- Total profit
- $49,491
- Equity at exit
- $10,202
Cash invested: $33,040 (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
ZIP-level market 48206
- Rents YoY
- 5.2%
- Active inventory
- 271
- Price-to-rent
- 6.7×
Monthly cashflow live
- Estimated rent
- $1,463 high interval (Pro) →
- Mortgage (P&I)
- −$619
- Tax from tax record
- −$132 /mo · $1,579/yr
- Insurance
- −$49
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$307
- Net cashflow
- $356
Break-even live
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
- $29,500
- Closing costs
- $3,540
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 38 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2474 Fullerton St Detroit, MI | 3.0 | 1.0 | 1400 | $1,300 | $0.93 | 15d | 1 | 0.16mi |
| 2634 Lawrence St Detroit, MI | 3.0 | 1.5 | 1388 | $1,600 | $1.15 | 2d | 1 | 0.54mi |
| 1926 Clements St Unit 1926 Detroit, MI | 3.0 | 1.0 | 1150 | $1,250 | $1.09 | 20d | 1 | 0.56mi |
| 1926 Clements St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 5d | 1 | 0.56mi |
| 1929 Calvert Ave Unit 2 Detroit, MI | 3.0 | 1.0 | 1414 | $1,199 | $0.85 | 15d | 1 | 0.67mi |
| 2653 Calvert Ave Unit 1 Detroit, MI | 3.0 | 1.0 | 1305 | $1,200 | $0.92 | 43d | 1 | 0.69mi |
| 2727 Calvert Ave Unit 1 Detroit, MI | 3.0 | 1.5 | 1350 | $1,200 | $0.89 | 43d | 1 | 0.72mi |
| 3031 Lawrence St Detroit, MI | 4.0 | 1.0 | 1700 | $1,600 | $0.94 | 16d | 1 | 0.72mi |
| 2925 Calvert St Detroit, MI | 3.0 | 1.0 | 1400 | $1,300 | $0.93 | 16d | 1 | 0.75mi |
| 3322 Webb St Detroit, MI | 3.0 | 1.0 | 1600 | $1,250 | $0.78 | 16d | 1 | 0.76mi |
| 3322 Webb St Unit 2 Detroit, MI | 3.0 | 1.0 | 1656 | $1,350 | $0.82 | 43d | 1 | 0.76mi |
| 3322 Webb St Unit 1 Detroit, MI | 3.0 | 1.0 | 1656 | $1,350 | $0.82 | 43d | 1 | 0.76mi |
| 3209 W Grand St Detroit, MI | 3.0 | 1.0 | 1550 | $1,103 | $0.71 | 43d | 1 | 0.78mi |
| 9844 Woodrow Wilson St Detroit, MI | 3.0 | 1.0 | 1187 | $1,300 | $1.10 | 12d | 1 | 0.82mi |
| 3224 Calvert St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 43d | 1 | 0.83mi |
| 3226 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 12d | 1 | 0.83mi |
| 1427 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,850 | $1.68 | 24d | 1 | 0.85mi |
| 1427 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,750 | $1.59 | 43d | 1 | 0.85mi |
| 3266 Calvert Ave Fl 2 Detroit, MI | 3.0 | 1.0 | 1279 | $1,300 | $1.02 | 24d | 1 | 0.86mi |
| 3740 Tyler St Unit 1 Detroit, MI | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 5d | 1 | 0.87mi |
| 3783 Tyler St Unit Lower Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 43d | 1 | 0.89mi |
| 3824 Tyler St Apt 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,523 | $1.69 | 16d | 1 | 0.94mi |
| 3040 Kendall St Detroit, MI | 5.0 | 1.0 | 1188 | $1,386 | $1.17 | 12d | 1 | 0.98mi |
| 3422 Edison St Detroit, MI | 3.0 | 1.0 | 1300 | $1,295 | $1.00 | 16d | 1 | 1.14mi |
| 2254 Taylor St Unit Taylor St unit Detroit, MI | 3.0 | 1.0 | 1307 | $1,550 | $1.19 | 3d | 1 | 1.16mi |
| 4341 Glendale St Detroit, MI | 4.0 | 2.5 | 1832 | $1,680 | $0.92 | 5d | 1 | 1.16mi |
| 64 Glendale St Highland Park, MI | 4.0 | 1.0 | 1464 | $1,500 | $1.02 | 10d | 1 | 1.17mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 43d | 1 | 1.18mi |
| 2463 Taylor St Detroit, MI | 3.0 | 1.0 | 1350 | $1,100 | $0.81 | 43d | 1 | 1.19mi |
| 41 Richton St Highland Park, MI | 5.0 | 2.0 | 1871 | $1,800 | $0.96 | 2d | 1 | 1.20mi |
| 41 Richton St Highland Park, MI | 5.0 | 2.0 | 1871 | $1,800 | $0.96 | 15d | 1 | 1.20mi |
| 2302 Hazelwood St Unit 1 Detroit, MI | 3.0 | 1.0 | 1550 | $1,273 | $0.82 | 24d | 1 | 1.22mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 43d | 1 | 1.22mi |
| 11704 Broadstreet Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,050 | $0.88 | 43d | 1 | 1.25mi |
| 15345 Parkside St Detroit, MI | 3.0 | 1.0 | 1152 | $1,300 | $1.13 | 43d | 1 | 1.35mi |
| 3220 Gladstone St Detroit, MI | 3.0 | 1.0 | 1248 | $1,200 | $0.96 | 43d | 1 | 1.40mi |
| 2531 Pingree St Unit 2 (FL 2) Detroit, MI | 3.0 | 1.0 | 893 | $1,100 | $1.23 | 2d | 1 | 1.45mi |
| 101 Colorado St Unit NA Highland Park, MI | 4.0 | 1.5 | 1695 | $1,500 | $0.88 | 24d | 1 | 1.49mi |
Listing history 26 events
-
2026-06-17statusdays on market $118,000 Pending 58 DOM
-
2026-06-15days on market $118,000 Active 57 DOM
-
2026-06-13days on market $118,000 Active 55 DOM
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2026-06-13days on market $118,000 Active 54 DOM
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2026-06-09days on market $118,000 Active 51 DOM
-
2026-06-08days on market $118,000 Active 50 DOM
-
2026-06-07days on market $118,000 Active 49 DOM
-
2026-06-04days on market $118,000 Active 46 DOM
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2026-06-03days on market $118,000 Active 45 DOM
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2026-06-02days on market $118,000 Active 44 DOM
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2026-06-02status $118,000 Active 43 DOM
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2026-05-13status Active 1021-char remark
Show marketing remark (1027 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you’ll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
-
2026-05-13status Active 1027-char remark
Show marketing remark (1027 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you’ll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
-
2026-04-17status Pending 1021-char remark
Show marketing remark (1027 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you’ll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
-
2026-04-17status Pending 1027-char remark
Show marketing remark (1027 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you’ll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
-
2026-04-10price $118,000 1027-char remark
Show marketing remark (1027 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you’ll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
-
2026-04-09price $118,000 1021-char remark
Show marketing remark (1021 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you'll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
-
2026-03-19$129,900 Active 1021-char remark
Show marketing remark (1027 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you’ll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
-
2026-03-19$129,900 Active 1027-char remark
Show marketing remark (1027 chars)
Welcome to this updated colonial in Detroit offering 4 bedrooms and 1.5 bathrooms, thoughtfully renovated from top to bottom. Major updates include new windows, furnace, roof, and siding, providing peace of mind for years to come. Step inside to a spacious living room filled with natural light and featuring a cozy fireplace. The fully remodeled kitchen boasts stylish butcher block-style countertops, a tiled backsplash, and a center island. A versatile bonus room on the main floor offers endless possibilities, ideal for a home office, den, or potential 4th bedroom. Upstairs, you’ll find three generously sized bedrooms, each with walk-in closets, along with an updated full bathroom. The home sits on a solid foundation and includes a basement with a convenient half bathroom, offering additional usable space. Local rental rates support up to $1,350/month as a rental property. An added bonus: there is an opportunity for the next owner to purchase adjacent lots from the Detroit Land Bank and expand the property.
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2026-01-13historical
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2025-10-05price $119,900
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2025-10-04price $119,900
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2025-10-04$129,900 Active
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2025-10-04$129,900 Active
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2010-10-02historical
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2010-04-02$8,500
ⓘ 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
- $1,579 · $132/mo
- Projected year-2 tax
- $1,698 · $141/mo
- Expected delta
- +$119/yr (+$10/mo · 7.6%)
ⓘ 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 ≥97°F today · 14 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $17,558
- − Mortgage interest
- −$6,610
- − Property taxes
- −$1,579
- − Insurance
- −$590
- − Repairs & maintenance
- −$1,405
- − Management
- −$1,405
- − Depreciation
- −$3,433
- Taxable income
- $2,537
- Est. tax owed @ 24.0%
- −$609
- After-tax cash flow
- $3,667/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
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)
- 15,227
- Household income
- $45,046
- Rent vs Own
- Severe rent burden
- 646.0
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 (81%)
- Race & ethnicity
- Black 81% White 12% Two or more races 5% Hispanic / Latino 3%
- Common ancestry
- Iranian 3% Romanian 1% Slovak 1%
- Foreign-born
- 4% · Canada
- Languages at home
- 94% English-only · Spanish 4% 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
- ▼ -139.60%
- Current HPI
- 130.9545
- Rent YoY
- ▲ 5.20%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+1288.2% since first listed15 events — show timeline
- 2026-05-13 Relisted — REALCOMP
- 2026-05-13 Relisted — MiRealSource-MiMLS
- 2026-04-17 Pending — REALCOMP
- 2026-04-17 Pending — MiRealSource-MiMLS
- 2026-04-10 Price Changed $118,000 MiRealSource-MiMLS
- 2026-04-09 Price Changed $118,000 REALCOMP
- 2026-03-19 Listed $129,900 MiRealSource-MiMLS
- 2026-03-19 Listed $129,900 REALCOMP
- 2026-01-13 Listing Removed — MiRealSource-MiMLS
- 2025-10-05 Price Changed $119,900 MiRealSource-MiMLS
- 2025-10-04 Price Changed $119,900 REALCOMP
- 2025-10-04 Listed $129,900 REALCOMP
- 2025-10-04 Listed $129,900 MiRealSource-MiMLS
- 2010-10-02 Listing Removed — REALCOMP
- 2010-04-02 Listed $8,500 REALCOMP
Property tax history
+3.0%/yrLatest (2025): $1,579 · +557.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…