7559 Prairie St · Detroit, MI 48210

$69,900

2 bd · 1.0 ba · 868 sqft · SingleFamily public records · 23 Days on market

Built 1954 3,920 sqft lot Est $49k · 44% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this bungalow featuring a welcoming front porch, full basement, detached garage, and a spacious backyard with plenty of potential. Whether you're an investor looking for your next project or a buyer ready to bring their vision to life, this property offers a great opportunity to build equity and unlock its possibilities. Conveniently located near local shopping, dining, and major roadways. Cash only. Land contract available at $75,000.

Key facts

• Spacious backyard
• Front porch
• Full basement

Tags

• FRONT PORCH
• FULL BASEMENT
• DETACHED GARAGE
• SPACIOUS BACKYARD

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps; Brick exterior
• Construction: Block foundation
• Exterior features: Paved road access; Lot dimensions approximately 34 x 110 (0.09 acres)

Interior

• Bedrooms: Two-story layout (bedroom count not specified)
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (natural gas); No central 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 $70k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($934 rent vs $70k).
• Recommended offer: $69k (1.5% 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: 96 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 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 + 3.0% rent growth), your $20k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 27y 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.
• Current owner paid $42k; list at $70k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,851 (1.5% below list)

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.34% ✓
• Cap rate: 11.23%
• Cash-on-cash: 17.63%
• DSCR: 1.78
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $48,608
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6608 Majestic St	0.29mi	2/1.0	792 (-9%)	5mo	$50,000	$63	67
6404 Belfast St	0.34mi	3/1.0 (+1)	890 (+2%)	16mo	$85,000	$96	62
8053 Roselawn St	0.41mi	3/1.0 (+1)	872 (+0%)	21mo	$45,000	$52	58
8136 Roselawn St	0.44mi	3/1.5 (+1)	919 (+6%)	10mo	$65,000	$71	54
8131 Greenlawn St	0.42mi	3/1.0 (+1)	960 (+11%)	6mo	$26,000	$27	52
6137 Proctor St	0.54mi	3/1.0 (+1)	780 (-10%)	2mo	$39,000	$50	51
8245 Carbondale St	0.47mi	3/2.0 (+1)	960 (+11%)	4mo	$25,000	$26	47
8539 Cloverlawn St	0.68mi	3/1.0 (+1)	848 (-2%)	20mo	$47,500	$56	43
8294 Northlawn St	0.60mi	3/1.0 (+1)	998 (+15%)	4mo	$52,000	$52	38
8566 Cloverlawn St	0.69mi	3/1.0 (+1)	929 (+7%)	20mo	$78,000	$84	34

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.1%
• Equity multiple: 1.36×
• Total profit: $6,977
• Equity at exit: $10,422

10-year hold

• IRR: 18.2%
• Equity multiple: 2.51×
• Total profit: $29,627
• Equity at exit: $6,044

Cash invested: $19,572 (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 48210

• Home prices YoY: -22.3%
• Active inventory: 96
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $934 high
• Mortgage (P&I): −$367
• Tax from tax record: −$55 /mo · $659/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $287

Break-even live

Break-even rent $570

Max offer price $69,900

Occupancy floor 64%

Sensitivity live

Price	-10% $327	-5% $307	+0% $287	+5% $268	+10% $248
Rent	-10% $214	-5% $251	+0% $287	+5% $324	+10% $361
Rate	-1.0pp $323	-0.5pp $305	base $287	+0.5pp $269	+1.0pp $251

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7405 Garden St Unit 8 Detroit, MI	1.0	1.0	650	$795	$1.22	0d	1	0.31mi
7405 Garden St Unit 6 Detroit, MI	1.0	1.0	650	$795	$1.22	19d	1	0.31mi
8353 Alpine St Detroit, MI	2.0	1.0	1000	$1,050	$1.05	45d	1	0.55mi
8544 Cloverlawn St Detroit, MI	2.0	1.0	800	$800	$1.00	18d	1	0.70mi
8762 Epworth St Unit 8768 Detroit, MI	2.0	1.0	900	$995	$1.11	0d	1	0.86mi
5398 Allendale St Detroit, MI	2.0	1.0	1100	$1,200	$1.09	25d	1	0.91mi
7100 Freda St Dearborn, MI	1.0	1.0	900	$895	$0.99	45d	3	0.91mi
9022 Northlawn St Detroit, MI	2.0	1.0	1100	$1,300	$1.18	25d	1	0.96mi
5440 Milford St Unit 1 Detroit, MI	2.0	1.0	850	$1,150	$1.35	45d	1	1.00mi
5101 Oregon St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	45d	1	1.10mi
8283 Pinehurst St Unit 2 Detroit, MI	2.0	1.0	1000	$900	$0.90	45d	1	1.23mi
6307 Woodrow St Detroit, MI	2.0	1.0	1000	$750	$0.75	45d	1	1.28mi
9353 Kentucky St Detroit, MI	2.0	1.0	800	$999	$1.25	18d	1	1.31mi
9917 Woodside St Apt 1 Detroit, MI	2.0	1.0	800	$800	$1.00	45d	1	1.46mi

Listing history 14 events

1. 2026-06-21
   days on market $69,900 Active 23 DOM
2. 2026-06-18
   days on market $69,900 Active 20 DOM
3. 2026-06-17
   days on market $69,900 Active 19 DOM
4. 2026-06-15
   days on market $69,900 Active 17 DOM
5. 2026-06-13
   days on market $69,900 Active 15 DOM
6. 2026-06-13
   days on market $69,900 Active 14 DOM
7. 2026-06-09
   days on market $69,900 Active 11 DOM
8. 2026-06-08
   days on market $69,900 Active 10 DOM
9. 2026-06-07
   days on market $69,900 Active 9 DOM
10. 2026-06-04
    days on market $69,900 Active 6 DOM
11. 2026-06-03
    days on market $69,900 Active 5 DOM
12. 2026-06-02
    days on market $69,900 Active 4 DOM
13. 2026-06-01
    days on market $69,900 Active 3 DOM
14. 2026-05-31
    days on market $69,900 Active 2 DOM

ⓘ 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: $659 · $55/mo
• Projected year-2 tax: $868 · $72/mo
• Expected delta: +$209/yr (+$17/mo · 31.7%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,211
• − Mortgage interest: −$3,915
• − Property taxes: −$659
• − Insurance: −$350
• − Repairs & maintenance: −$897
• − Management: −$897
• − Depreciation: −$2,033
• Taxable income: $2,460
• Est. tax owed @ 24.0%: −$590
• After-tax cash flow: $2,859/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
• City population: 572,865
• Population (ZIP): 26,925

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 59% White 20% Black 17% Two or more races 16% Native American 1%
• Hispanic origin (detail): Mexican 44% Puerto Rican 5% Dominican 1%
• Common ancestry: Romanian 2% Danish 1%
• Foreign-born: 27% · Canada, Jamaica
• Languages at home: 39% English-only · Spanish 50% Arabic 10%

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: ▼ -85.82%
• Current HPI: 299.5909
• Rent YoY: —
• Metro: —
• 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

+55.7% since first listed

5 events — show timeline

• 2026-05-29 Listed $69,900 MiRealSource-MiMLS
• 2026-05-29 Listed $69,900 REALCOMP
• 2002-07-02 Sold (Public Records) $42,000 Public Records
• 1999-08-19 Sold (MLS) $42,500 REALCOMP
• 1999-04-07 Listed $44,900 REALCOMP

Property tax history

-6.1%/yr

Latest (2025): $659 · -53.1% YoY. Source: county tax records.