19130 Woodcrest St · Harper Woods, MI 48225

$109,000

3 bd · 1.0 ba · 910 sqft · SingleFamily public records · 40 Days on market

Built 1950 5,663 sqft lot

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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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained Ranch home ready to move in! Fresh paint throughout, new carpet & vinyl flooring. Newer roof & mechanicals. Don't miss out!

Key facts

• 5,663 sq ft lot
• Garage
• Built 1950

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $106k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#199 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, health & safety D+, schools D-.
• Harper Woods School District (suburban): math 4% / reading 15% proficiency, ranked #524 of 540 in MI (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.1%/yr); 134 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k 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 + 5.1% rent growth), your $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 25y ago; this cycle's ask is 7417% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,730 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-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: 1.30% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.11%
• DSCR: 1.45
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $69,160
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18746 Woodside St	0.25mi	3/1.0	921 (+1%)	2mo	$110,000	$119	85
16301 Coram St	0.49mi	3/1.0	929 (+2%)	1mo	$19,500	$21	73
19100 Kingsville St	0.34mi	3/1.0	972 (+7%)	2mo	$110,000	$113	71
18905 Woodland St	0.18mi	3/1.5	1,023 (+12%)	1mo	$105,000	$103	68
16277 Liberal St	0.54mi	3/1.0	945 (+4%)	1mo	$25,000	$26	67
16107 Manning St	0.65mi	3/1.0	925 (+2%)	2mo	$61,000	$66	65
18591 Kingsville St	0.43mi	2/1.0 (-1)	824 (-10%)	1mo	$74,000	$90	59
16209 Tacoma St	0.65mi	3/1.0	968 (+6%)	1mo	$62,900	$65	58
12897 Riad St	0.57mi	3/1.0	831 (-9%)	1mo	$63,000	$76	58
16291 Fairmount Dr	0.72mi	3/1.0	977 (+7%)	2mo	$112,000	$115	53
12893 Payton St	0.65mi	3/1.0	1,020 (+12%)	2mo	$75,000	$74	48
11640 Somerset Ave	0.65mi	3/2.0	1,028 (+13%)	0mo	$70,000	$68	44

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 · 5.1% rent growth · sell at horizon

5-year hold

• IRR: 1.5%
• Equity multiple: 1.06×
• Total profit: $1,850
• Equity at exit: $16,252

10-year hold

• IRR: 13.4%
• Equity multiple: 2.18×
• Total profit: $36,131
• Equity at exit: $9,424

Cash invested: $30,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48225

• Rents YoY: 5.1%
• Active inventory: 134
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,416 high
• Mortgage (P&I): −$572
• Tax from tax record: −$245 /mo · $2,934/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $257

Break-even live

Break-even rent $1,091

Max offer price $109,000

Occupancy floor 77%

Sensitivity live

Price	-10% $319	-5% $288	+0% $257	+5% $226	+10% $195
Rent	-10% $145	-5% $201	+0% $257	+5% $313	+10% $369
Rate	-1.0pp $312	-0.5pp $285	base $257	+0.5pp $229	+1.0pp $200

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19152 Woodside St Harper Woods, MI	3.0	1.0	916	$1,500	$1.64	18d	1	0.04mi
19365 Kingsville St Harper Woods, MI	4.0	1.5	996	$1,650	$1.66	15d	1	0.32mi
19661 Kenosha St Harper Woods, MI	3.0	2.0	1000	$1,400	$1.40	25d	1	0.37mi
19442 Kingsville St Harper Woods, MI	3.0	1.0	1000	$1,500	$1.50	18d	1	0.38mi
19144 Moross Rd Detroit, MI	2.0	1.0	900	$1,050	$1.17	44d	1	0.45mi
19639 Moross Rd Unit 1 Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	0.50mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	15d	1	0.55mi
12075 Rossiter St Detroit, MI	3.0	1.0	1100	$1,245	$1.13	44d	1	0.55mi
16212 Maddelein St Detroit, MI	2.0	1.0	800	$1,200	$1.50	13d	1	0.56mi
16225 Manning St Detroit, MI	4.0	2.0	1036	$1,475	$1.42	44d	1	0.63mi
19982 McCormick St Detroit, MI	3.0	1.0	866	$1,200	$1.39	4d	1	0.64mi
12716 Riad St Detroit, MI	3.0	1.0	974	$1,275	$1.31	18d	1	0.66mi
15909 Maddelein St Detroit, MI	3.0	1.0	894	$1,266	$1.42	44d	1	0.72mi
11776 Rossiter St Detroit, MI	3.0	1.0	964	$1,150	$1.19	12d	1	0.78mi
16291 Eastburn St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	25d	1	0.79mi
10985 Peerless St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	5d	1	0.80mi
20015 Lochmoor St Harper Woods, MI	3.0	1.0	1006	$1,500	$1.49	17d	1	0.83mi
11529 Roxbury St Detroit, MI	2.0	1.0	720	$1,200	$1.67	13d	1	0.84mi
16410 Edmore Dr Detroit, MI	3.0	1.0	850	$1,250	$1.47	15d	1	0.84mi
20461 Kingsville St Harper Woods, MI	4.0	1.0	1100	$1,399	$1.27	15d	1	0.85mi
11611 Morang Ave Detroit, MI	1.0–2.0	1.0	709	$1,040	$1.47	44d	1	0.88mi
12201 Morang Ave Unit 8 Detroit, MI	2.0	1.0	610	$875	$1.43	44d	1	0.90mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	13d	1	1.06mi
20600 Balfour St Harper Woods, MI	1.0–2.0	1.0–2.0	971	$1,640	$1.69	0d	14	1.06mi
10542 Lanark St Detroit, MI	3.0	1.0	1023	$1,250	$1.22	44d	1	1.06mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	18d	1	1.08mi
15494 Mapleridge St Detroit, MI	3.0	1.0	937	$1,275	$1.36	44d	1	1.12mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	44d	1	1.15mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	1.17mi
19203 Edgefield St Harper Woods, MI	2.0	1.0	1100	$1,100	$1.00	25d	1	1.20mi
15663 Carlisle St Detroit, MI	2.0	1.0	803	$1,050	$1.31	15d	1	1.25mi
10177 Boleyn St Detroit, MI	3.0	1.0	767	$1,250	$1.63	44d	1	1.28mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	44d	1	1.35mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	44d	1	1.35mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	1.35mi
21401 Kingsville St Harper Woods, MI	2.0	1.0	944	$1,200	$1.27	25d	1	1.40mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	3d	1	1.41mi
10404 Somerset Ave Detroit, MI	3.0	1.0	1108	$1,475	$1.33	4d	1	1.43mi
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	13d	1	1.43mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	44d	1	1.45mi

Listing history 19 events

1. 2024-12-17
   status Pending
2. 2024-06-05
   historical $1,450
3. 2024-04-23
   listed $1,450
4. 2024-03-11
   soldstatus $107,500
5. 2024-03-02
   status Pending 151-char remark

   Show marketing remark (151 chars)

   Well maintained Ranch home ready to move in! Fresh paint throughout, new carpet & vinyl flooring. Newer roof & mechanicals. Don't miss out!

6. 2024-03-02
   status Pending

   Show marketing remark (151 chars)

   Well maintained Ranch home ready to move in! Fresh paint throughout, new carpet & vinyl flooring. Newer roof & mechanicals. Don't miss out!

7. 2024-01-31
   historical Accepting Backup Offers 151-char remark

   Show marketing remark (151 chars)

   Well maintained Ranch home ready to move in! Fresh paint throughout, new carpet & vinyl flooring. Newer roof & mechanicals. Don't miss out!

8. 2024-01-31
   historical Accepting Backup Offers

   Show marketing remark (151 chars)

   Well maintained Ranch home ready to move in! Fresh paint throughout, new carpet & vinyl flooring. Newer roof & mechanicals. Don't miss out!

9. 2024-01-22
   listed $109,000 Active

   Show marketing remark (151 chars)

   Well maintained Ranch home ready to move in! Fresh paint throughout, new carpet & vinyl flooring. Newer roof & mechanicals. Don't miss out!

10. 2024-01-22
    listed $109,000 Active 151-char remark

    Show marketing remark (151 chars)

    Well maintained Ranch home ready to move in! Fresh paint throughout, new carpet & vinyl flooring. Newer roof & mechanicals. Don't miss out!

11. 2021-01-14
    historical
12. 2021-01-14
    historical
13. 2020-11-24
    listed $69,000
14. 2020-11-24
    listed $69,000
15. 2002-01-28
    soldstatus $98,900
16. 2001-09-19
    soldstatus $98,900
17. 2001-08-23
    historical
18. 2001-08-04
    listed $99,900
19. 1992-03-20
    soldstatus $61,900

ⓘ 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: $2,934 · $245/mo
• Projected year-2 tax: $2,934 · $245/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 ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,991
• − Mortgage interest: −$6,106
• − Property taxes: −$2,934
• − Insurance: −$545
• − Repairs & maintenance: −$1,359
• − Management: −$1,359
• − Depreciation: −$3,171
• Taxable income: $1,517
• Est. tax owed @ 24.0%: −$364
• After-tax cash flow: $2,720/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: Harper Woods School District
• NCES district ID: 2617760
• Math proficiency: 4% ▼ -7.00%
• Reading proficiency: 15% ▼ -9.00%
• Median HH income: $46,155
• Composite: 8.8/100
• National rank: #9892
• State rank: #524 of 540 in MI

Livability — Harper Woods

• Score: 73/100
• State rank: #199
• US rank: #5054

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harper Woods, MI
• County: Wayne County · 1,562,939 people
• City population: 16,098
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 16,098
• Household income: $61,750
• Rent vs Own: 33.8% rent · 66.2% own
• Severe rent burden: 410.0

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 (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Lithuanian 1% German 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Arabic 2% Spanish 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: ▼ -150.40%
• Current HPI: 181.4961
• Rent YoY: ▲ 5.10%
• 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

-97.7% since first listed

19 events — show timeline

• 2024-12-17 Pending — REALCOMP
• 2024-06-05 Rental Removed $1,450 BUILDIUM
• 2024-04-23 Listed for Rent $1,450 BUILDIUM
• 2024-03-11 Sold (Public Records) $107,500 Public Records
• 2024-03-02 Pending — MiRealSource-MiMLS
• 2024-03-02 Pending — REALCOMP
• 2024-01-31 Contingent — MiRealSource-MiMLS
• 2024-01-31 Contingent — REALCOMP
• 2024-01-22 Listed $109,000 MiRealSource-MiMLS
• 2024-01-22 Listed $109,000 REALCOMP
• 2021-01-14 Listing Removed — MiRealSource-MiMLS
• 2021-01-14 Listing Removed — REALCOMP
• 2020-11-24 Listed $69,000 MiRealSource-MiMLS
• 2020-11-24 Listed $69,000 REALCOMP
• 2002-01-28 Sold (Public Records) $98,900 Public Records
• 2001-09-19 Sold (MLS) $98,900 MiRealSource-MiMLS
• 2001-08-23 Listing Removed — MiRealSource-MiMLS
• 2001-08-04 Listed $99,900 MiRealSource-MiMLS
• 1992-03-20 Sold (Public Records) $61,900 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,934 · +16.9% YoY. Source: county tax records.