14856 Santa Rosa Dr · Detroit, MI 48238

$99,000

3 bd · 1.0 ba · 1,180 sqft · SingleFamily public records · 62 Days on market

Built 1925 4,356 sqft lot $84/sqft · 129% 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 +29.1/30.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• 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

WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI - A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

Key facts

• 4,356 sq ft lot
• Built 1925
• Listed 62 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $342 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $93k (6.0% 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 (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 44% 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 $684 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 + 6.1% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 25y ago; this cycle's ask has dropped $11k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $99k implies a 296% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.25% ✓
• Cap rate: 10.44%
• Cash-on-cash: 14.82%
• DSCR: 1.66
• GRM: 6.7

CMA / ARV

• ARV (median comp): $40,216
• List price: $99,000
• Delta: 146.17%
• 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
15021 Petoskey Ave	0.19mi	3/1.0	1,177 (-0%)	1mo	$28,000	$24	89
14629 Monica St	0.14mi	3/1.0	1,128 (-4%)	4mo	$19,000	$17	83
7447 Ellsworth St	0.29mi	3/1.0	1,160 (-2%)	5mo	$35,500	$31	79
14752 Petoskey Ave	0.18mi	3/1.5	1,029 (-13%)	0mo	$40,000	$39	68
15863 Belden St	0.75mi	3/1.0	1,156 (-2%)	1mo	$18,600	$16	61
15455 Wildemere St	0.66mi	3/1.0	1,095 (-7%)	2mo	$18,500	$17	55
15379 Woodingham Dr	0.53mi	4/1.0 (+1)	1,300 (+10%)	4mo	$7,000	$5	50
14628 Ohio St	0.68mi	4/1.5 (+1)	1,129 (-4%)	9mo	$50,000	$44	46
6433 Globe St	0.52mi	3/1.0	1,344 (+14%)	7mo	$100,000	$74	46
15853 Santa Rosa Dr	0.65mi	4/1.0 (+1)	1,050 (-11%)	2mo	$140,000	$133	44
15494 Muirland St	0.66mi	2/1.0 (-1)	1,090 (-8%)	9mo	$39,000	$36	44
14249 Cloverlawn St	0.68mi	3/1.0	1,035 (-12%)	5mo	$69,000	$67	43

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: 8.7%
• Equity multiple: 1.35×
• Total profit: $9,765
• Equity at exit: $14,761

10-year hold

• IRR: 20.3%
• Equity multiple: 2.95×
• Total profit: $54,107
• Equity at exit: $8,560

Cash invested: $27,720 (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: 6.7×

Monthly cashflow live

• Estimated rent: $1,233 high
• Mortgage (P&I): −$519
• Tax from tax record: −$71 /mo · $853/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $342

Break-even live

Break-even rent $799

Max offer price $99,000

Occupancy floor 67%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.47mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	3d	1	0.56mi
2690 Ewald Cir Detroit, MI	1.0–2.0	1.0	750	$900	$1.20	24d	4	0.58mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	16d	1	0.60mi
2034 Ewald Cir Detroit, MI	2.0	1.0	1000	$995	$0.99	5d	1	0.62mi
15345 Parkside St Detroit, MI	3.0	1.0	1152	$1,300	$1.13	43d	1	0.62mi
14570 Cherrylawn St Detroit, MI	3.0	1.0	840	$1,250	$1.49	12d	1	0.64mi
15771 Turner St Detroit, MI	2.0	1.0	1000	$1,049	$1.05	43d	1	0.67mi
3812 W Grand St Detroit, MI	2.0	1.0	1100	$1,025	$0.93	16d	1	0.70mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	24d	1	0.70mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	43d	1	0.72mi
4287 W Grand St Unit 4289 Detroit, MI	3.0	1.0	1250	$1,000	$0.80	43d	1	0.73mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	17d	1	0.76mi
14011 Roselawn St Detroit, MI	4.0	1.5	1300	$1,450	$1.12	1d	1	0.76mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	43d	1	0.78mi
4045 Clements St Detroit, MI	3.0	1.0	850	$1,150	$1.35	24d	1	0.78mi
13620 Tuller St Detroit, MI	4.0	1.0	1064	$1,374	$1.29	12d	1	0.78mi
2926 Ewald Cir Detroit, MI	2.0	1.0	800	$900	$1.12	17d	1	0.80mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	43d	1	0.80mi
13979 Cherrylawn St Detroit, MI	3.0	1.0	1296	$1,334	$1.03	20d	1	0.90mi
3824 Tyler St Apt 1 Detroit, MI	3.0	1.0	900	$1,523	$1.69	16d	1	0.92mi
15906 Alden St Detroit, MI	3.0	1.0	1030	$1,150	$1.12	16d	1	0.93mi
3740 Tyler St Unit 1 Detroit, MI	3.0	1.0	1300	$1,300	$1.00	5d	1	0.93mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	17d	1	0.94mi
4203 Tyler St Detroit, MI	2.0	1.0	950	$895	$0.94	43d	1	0.95mi
3783 Tyler St Unit Lower Detroit, MI	3.0	1.0	1000	$1,150	$1.15	43d	1	0.95mi
15777 Wisconsin St Unit 77 Detroit, MI	2.0	1.0	900	$950	$1.06	5d	1	0.96mi
4336 Buena Vista St Detroit, MI	3.0	1.0	1300	$1,100	$0.85	43d	1	0.99mi
16582 Santa Rosa Dr Detroit, MI	3.0	1.0	1314	$1,399	$1.06	17d	1	1.01mi
2433 Pasadena St Unit 2435 Detroit, MI	2.0	1.0	700	$1,025	$1.46	43d	1	1.08mi
16174 Princeton St Unit 2 Detroit, MI	2.0	1.0	985	$1,100	$1.12	43d	1	1.09mi
16174 Princeton St Detroit, MI	2.0	1.0	985	$1,100	$1.12	19d	1	1.09mi
15839 Kentucky St Detroit, MI	2.0	1.0	800	$1,200	$1.50	17d	1	1.10mi
15878 Kentucky St Detroit, MI	2.0	1.0	800	$900	$1.12	43d	1	1.10mi
13620 Kentucky St Detroit, MI	3.0	1.0	1248	$1,200	$0.96	5d	1	1.12mi
15765 Washburn St Detroit, MI	2.0	1.0	1093	$950	$0.87	43d	1	1.12mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	43d	1	1.13mi
13639 La Salle Blvd Detroit, MI	2.0	1.0	800	$695	$0.87	10d	1	1.14mi
12663 Stoepel St Detroit, MI	2.0	1.0	1100	$1,050	$0.95	21d	1	1.17mi
12663 Stoepel St Unit 1 Detroit, MI	2.0	1.0	750	$975	$1.30	17d	1	1.17mi

Listing history 46 events

1. 2026-06-19
   price $99,000 Active 62 DOM
2. 2026-06-18
   days on market $102,500 Active 62 DOM
3. 2026-06-17
   days on market $102,500 Active 61 DOM
4. 2026-06-15
   days on market $102,500 Active 59 DOM
5. 2026-06-13
   days on market $102,500 Active 57 DOM
6. 2026-06-13
   days on market $102,500 Active 56 DOM
7. 2026-06-09
   days on market $102,500 Active 53 DOM
8. 2026-06-08
   days on market $102,500 Active 52 DOM
9. 2026-06-07
   days on market $102,500 Active 51 DOM
10. 2026-06-04
    days on market $102,500 Active 48 DOM
11. 2026-06-03
    days on market $102,500 Active 47 DOM
12. 2026-06-02
    days on market $102,500 Active 46 DOM
13. 2026-06-01
    days on market $102,500 Active 45 DOM
14. 2026-05-31
    days on market $102,500 Active 44 DOM
15. 2026-05-18
    price $102,500 578-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

16. 2026-05-18
    price $102,500 582-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

17. 2026-04-30
    price $107,500 578-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

18. 2026-04-30
    price $107,500 582-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

19. 2026-04-24
    status Active 578-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

20. 2026-04-24
    status Active 582-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

21. 2026-04-15
    status Pending 578-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

22. 2026-04-15
    status Pending 582-char remark

    Show marketing remark (582 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI — A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

23. 2026-04-08
    listed $110,000 Active 582-char remark

    Show marketing remark (578 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI - A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

24. 2026-04-08
    listed $110,000 Active 578-char remark

    Show marketing remark (578 chars)

    WELCOME TO 14856 SANTA ROSA DRIVE, DETROIT, MI - A TURNKEY, CASH-FLOWING INVESTMENT OPPORTUNITY. THIS UPDATED 3-BEDROOM, 1-BATHROOM PROPERTY IS ALREADY PERFORMING WITH A SECTION 8 TENANT IN PLACE PAYING $1,325/MONTH IN GUARANTEED RENT. RECENT UPDATES INCLUDE NEW VINYL WINDOWS, FRESH PAINT THROUGHOUT, NEW CARPET AND VINYL FLOORING, AND AN UPDATED KITCHEN WITH NEW CABINETS AND COUNTERTOPS. THIS IS A TRUE SET-IT-AND-COLLECT ASSET IDEAL FOR ANY INVESTOR LOOKING TO ADD STABLE, GOVERNMENT-BACKED INCOME TO THEIR PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL LIST PRICE OFFER.

25. 2025-12-18
    status Pending
26. 2025-12-18
    status Pending
27. 2025-12-15
    soldstatus $25,000 Closed
28. 2025-12-15
    soldstatus $25,000 Closed
29. 2025-11-21
    listed $25,000 Active
30. 2025-11-20
    listed $25,000 Active
31. 2011-03-29
    soldstatus $3,180
32. 2011-03-29
    soldstatus $3,180
33. 2011-02-28
    historical
34. 2011-02-22
    listed $3,180
35. 2011-02-22
    listed $3,180
36. 2011-02-19
    historical
37. 2011-02-19
    historical
38. 2010-02-25
    listed $19,900
39. 2010-02-25
    listed $19,900
40. 2009-12-31
    historical
41. 2009-01-08
    listed $40,000
42. 2006-04-15
    historical
43. 2005-07-19
    listed $45,000
44. 2003-05-15
    soldstatus $45,000
45. 2003-01-06
    historical
46. 2001-12-08
    listed $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: $853 · $71/mo
• Projected year-2 tax: $1,189 · $99/mo
• Expected delta: +$336/yr (+$28/mo · 39.4%)

ⓘ 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: $14,792
• − Mortgage interest: −$5,546
• − Property taxes: −$853
• − Insurance: −$495
• − Repairs & maintenance: −$1,183
• − Management: −$1,183
• − Depreciation: −$2,880
• Taxable income: $2,652
• Est. tax owed @ 24.0%: −$637
• After-tax cash flow: $3,472/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

+65.6% since first listed

32 events — show timeline

• 2026-05-18 Price Changed $102,500 MiRealSource-MiMLS
• 2026-05-18 Price Changed $102,500 REALCOMP
• 2026-04-30 Price Changed $107,500 MiRealSource-MiMLS
• 2026-04-30 Price Changed $107,500 REALCOMP
• 2026-04-24 Relisted — MiRealSource-MiMLS
• 2026-04-24 Relisted — REALCOMP
• 2026-04-15 Pending — MiRealSource-MiMLS
• 2026-04-15 Pending — REALCOMP
• 2026-04-08 Listed $110,000 REALCOMP
• 2026-04-08 Listed $110,000 MiRealSource-MiMLS
• 2025-12-18 Pending — MiRealSource-MiMLS
• 2025-12-18 Pending — REALCOMP
• 2025-12-15 Sold (MLS) $25,000 REALCOMP
• 2025-12-15 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2025-11-21 Listed $25,000 REALCOMP
• 2025-11-20 Listed $25,000 MiRealSource-MiMLS
• 2011-03-29 Sold (MLS) $3,180 MiRealSource-MiMLS
• 2011-03-29 Sold (MLS) $3,180 REALCOMP
• 2011-02-28 Listing Removed — MiRealSource-MiMLS
• 2011-02-22 Listed $3,180 MiRealSource-MiMLS
• 2011-02-22 Listed $3,180 REALCOMP
• 2011-02-19 Listing Removed — MiRealSource-MiMLS
• 2011-02-19 Listing Removed — REALCOMP
• 2010-02-25 Listed $19,900 MiRealSource-MiMLS
• 2010-02-25 Listed $19,900 REALCOMP
• 2009-12-31 Listing Removed — REALCOMP
• 2009-01-08 Listed $40,000 REALCOMP
• 2006-04-15 Listing Removed — REALCOMP
• 2005-07-19 Listed $45,000 REALCOMP
• 2003-05-15 Sold (Public Records) $45,000 Public Records
• 2003-01-06 Listing Removed — REALCOMP
• 2001-12-08 Listed $61,900 REALCOMP

Property tax history

-1.1%/yr

Latest (2025): $853 · -54.8% YoY. Source: county tax records.