19400 Hickory St · Detroit, MI 48205

$39,900

3 bd · 1.0 ba · 1,030 sqft · SingleFamily public records · 57 Days on market

Built 1943 5,227 sqft lot $39/sqft · 28% below area Est $55k · 28% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

Key facts

• Generous yard
• Functional layout
• 5,227 sq ft lot

Tags

• FUNCTIONAL LAYOUT
• SPACIOUS LIVING AREAS
• GENEROUS YARD
• EASY ACCESS TO EVERYTHING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $804 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.
• Cap rate 30.5% vs local median 10.1% 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 (+1.3%/yr); 376 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 43% of the median local income ($39k/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 $276 of loan paydown is wiped out by about $1k 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 + 1.3% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 28y ago; this cycle's ask has dropped $10k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $38,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 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 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 3.48% ✓
• Cap rate: 30.49%
• Cash-on-cash: 86.41%
• DSCR: 4.84
• GRM: 2.4

CMA / ARV

• ARV (median comp): $55,443
• List price: $39,900
• Delta: -28.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20020 Pelkey St	0.42mi	3/1.0	1,020 (-1%)	2mo	$75,000	$74	78
19730 Goulburn St	0.35mi	3/1.5	977 (-5%)	1mo	$114,000	$117	72
14076 Rossini Dr	0.57mi	3/1.0	1,055 (+2%)	0mo	$90,000	$85	69
13452 Tacoma St	0.20mi	3/1.0	900 (-13%)	1mo	$69,072	$77	69
19940 Westphalia St	0.41mi	3/1.0	1,114 (+8%)	0mo	$30,000	$27	67
19953 Regent Dr	0.68mi	3/1.0	1,038 (+1%)	2mo	$55,000	$53	65
19161 Hamburg St	0.55mi	3/1.0	960 (-7%)	2mo	$116,000	$121	61
20218 Goulburn St	0.61mi	3/1.0	965 (-6%)	1mo	$12,000	$12	60
20218 Hickory St	0.53mi	3/1.0	930 (-10%)	1mo	$26,000	$28	58
20577 Fairport St	0.75mi	3/1.0	1,078 (+5%)	1mo	$65,000	$60	56
20300 Hickory St	0.61mi	3/1.0	918 (-11%)	1mo	$31,000	$34	53
14078 Bringard Dr	0.69mi	3/1.5	1,110 (+8%)	2mo	$76,000	$68	51

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: 85.0%
• Equity multiple: 4.80×
• Total profit: $42,507
• Equity at exit: $5,949

10-year hold

• IRR: 87.8%
• Equity multiple: 9.41×
• Total profit: $94,010
• Equity at exit: $3,450

Cash invested: $11,172 (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 48205

• Home prices YoY: -28.1%
• Rents YoY: 1.3%
• Active inventory: 376
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,388 high
• Mortgage (P&I): −$209
• Tax from tax record: −$66 /mo · $797/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $804

Break-even live

Break-even rent $370

Max offer price $39,900

Occupancy floor 37%

Sensitivity live

Price	-10% $827	-5% $816	+0% $804	+5% $793	+10% $782
Rent	-10% $695	-5% $750	+0% $804	+5% $859	+10% $914
Rate	-1.0pp $825	-0.5pp $815	base $804	+0.5pp $794	+1.0pp $784

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	18d	1	0.13mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	18d	1	0.16mi
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	44d	1	0.21mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	18d	1	0.29mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	18d	1	0.30mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	18d	1	0.30mi
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	18d	1	0.32mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	18d	1	0.46mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	22d	1	0.48mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	25d	1	0.48mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	44d	1	0.56mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	18d	1	0.56mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	18d	1	0.57mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	12d	1	0.59mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	25d	1	0.62mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	25d	1	0.62mi
13693 Edmore Dr Detroit, MI	3.0	1.5	1269	$1,550	$1.22	12d	1	0.64mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	18d	1	0.66mi
14481 Maddelein St Detroit, MI	3.0	1.0	1200	$1,100	$0.92	44d	1	0.69mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	18d	1	0.70mi
14504 Coram St Detroit, MI	3.0	1.0	1203	$1,175	$0.98	25d	1	0.71mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	18d	1	0.74mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	18d	1	0.74mi
14134 Collingham Dr Detroit, MI	3.0	1.5	1300	$1,350	$1.04	44d	1	0.82mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	25d	1	0.84mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	4d	1	0.90mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	25d	1	0.90mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	25d	1	0.92mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	25d	1	0.97mi
20290 Annott St Detroit, MI	3.0	1.0	1300	$1,250	$0.96	18d	1	0.99mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	18d	1	1.00mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	44d	1	1.18mi
14201 Mayfield St Detroit, MI	4.0	1.5	1296	$1,250	$0.96	44d	1	1.20mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	25d	1	1.23mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	2d	1	1.25mi
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	44d	1	1.33mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	6d	1	1.34mi
15604 Coram St Detroit, MI	3.0	1.0	1210	$1,000	$0.83	44d	1	1.35mi
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	18d	1	1.36mi
15616 E 7 Mile Rd Detroit, MI	3.0	1.5	1150	$1,150	$1.00	18d	1	1.41mi

Listing history 37 events

1. 2026-06-07
   statusdays on market $39,900 Pending 57 DOM
2. 2026-06-04
   days on market $39,900 Active Under Contract 55 DOM
3. 2026-06-03
   days on market $39,900 Active Under Contract 54 DOM
4. 2026-06-02
   days on market $39,900 Active Under Contract 53 DOM
5. 2026-06-01
   days on market $39,900 Active Under Contract 52 DOM
6. 2026-05-31
   days on market $39,900 Active Under Contract 51 DOM
7. 2026-05-15
   price $39,900 998-char remark

   Show marketing remark (998 chars)

   A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

8. 2026-05-15
   price $39,900 998-char remark

   Show marketing remark (998 chars)

   A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

9. 2026-05-01
   price $44,900 998-char remark

   Show marketing remark (998 chars)

   A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

10. 2026-04-30
    price $44,900 998-char remark

    Show marketing remark (998 chars)

    A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

11. 2026-04-24
    price $47,900 998-char remark

    Show marketing remark (998 chars)

    A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

12. 2026-04-23
    price $47,900 998-char remark

    Show marketing remark (998 chars)

    A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

13. 2026-04-22
    price $48,900 998-char remark

    Show marketing remark (998 chars)

    A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

14. 2026-04-22
    price $48,900 998-char remark

    Show marketing remark (998 chars)

    A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

15. 2026-04-11
    listed $49,900 Active 998-char remark

    Show marketing remark (998 chars)

    A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

16. 2026-04-10
    listed $49,900 Active 998-char remark

    Show marketing remark (998 chars)

    A solid and inviting home offering comfort, space, and opportunity. This property features a functional layout with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The main living area provides a warm and welcoming atmosphere, ideal for both everyday living and entertaining. The kitchen offers ample cabinet and counter space, ready for your personal touches and updates. Additional space throughout the home provides flexibility for storage, a home office, or future finishing possibilities. Outside, enjoy a generous yard perfect for outdoor gatherings, gardening, or relaxing. Conveniently located near schools, shopping, dining, and major roadways, this home offers easy access to everything Detroit has to offer. Whether you're a first-time buyer, homeowner looking to personalize a space, or an investor seeking a solid addition to your portfolio, 19400 Hickory St presents a great opportunity. This home is being sold AS IS. Schedule your showing today!

17. 2026-03-06
    historical
18. 2026-03-06
    historical
19. 2026-03-03
    listed $49,900 Active
20. 2026-03-03
    listed $49,900 Active
21. 2022-12-12
    soldstatus $45,000
22. 2020-07-26
    historical
23. 2020-07-26
    status Active
24. 2020-07-24
    historical
25. 2020-07-24
    historical
26. 2020-07-23
    status Active
27. 2020-05-20
    status Pending
28. 2020-05-20
    status Pending
29. 2019-12-20
    listed $32,500 Active
30. 2019-12-20
    listed $32,500 Active
31. 2008-12-10
    soldstatus $2,500
32. 2008-10-28
    listed $2,500
33. 1998-12-12
    historical
34. 1998-08-12
    listed $49,900
35. 1998-05-20
    soldstatus $35,094
36. 1994-12-15
    soldstatus $32,500
37. 1994-02-02
    soldstatus $15,250

ⓘ 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: $797 · $66/mo
• Projected year-2 tax: $797 · $66/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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,659
• − Mortgage interest: −$2,235
• − Property taxes: −$797
• − Insurance: −$200
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − Depreciation: −$1,161
• Taxable income: $9,601
• Est. tax owed @ 24.0%: −$2,304
• After-tax cash flow: $7,349/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): 34,187
• Household income: $38,966
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 2121.0

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 (93%)
• Race & ethnicity: Black 93% White 3% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · 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: ▼ -91.80%
• Current HPI: 235.0926
• Rent YoY: ▲ 1.33%
• 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

+161.6% since first listed

31 events — show timeline

• 2026-05-15 Price Changed $39,900 MiRealSource-MiMLS
• 2026-05-15 Price Changed $39,900 REALCOMP
• 2026-05-01 Price Changed $44,900 MiRealSource-MiMLS
• 2026-04-30 Price Changed $44,900 REALCOMP
• 2026-04-24 Price Changed $47,900 MiRealSource-MiMLS
• 2026-04-23 Price Changed $47,900 REALCOMP
• 2026-04-22 Price Changed $48,900 MiRealSource-MiMLS
• 2026-04-22 Price Changed $48,900 REALCOMP
• 2026-04-11 Listed $49,900 REALCOMP
• 2026-04-10 Listed $49,900 MiRealSource-MiMLS
• 2026-03-06 Listing Removed — MiRealSource-MiMLS
• 2026-03-06 Listing Removed — REALCOMP
• 2026-03-03 Listed $49,900 MiRealSource-MiMLS
• 2026-03-03 Listed $49,900 REALCOMP
• 2022-12-12 Sold (Public Records) $45,000 Public Records
• 2020-07-26 Listing Removed — REALCOMP
• 2020-07-26 Relisted — REALCOMP
• 2020-07-24 Listing Removed — REALCOMP
• 2020-07-24 Listing Removed — MiRealSource-MiMLS
• 2020-07-23 Relisted — REALCOMP
• 2020-05-20 Pending — MiRealSource-MiMLS
• 2020-05-20 Pending — REALCOMP
• 2019-12-20 Listed $32,500 MiRealSource-MiMLS
• 2019-12-20 Listed $32,500 REALCOMP
• 2008-12-10 Sold (MLS) $2,500 REALCOMP
• 2008-10-28 Listed $2,500 REALCOMP
• 1998-12-12 Listing Removed — REALCOMP
• 1998-08-12 Listed $49,900 REALCOMP
• 1998-05-20 Sold (Public Records) $35,094 Public Records
• 1994-12-15 Sold (Public Records) $32,500 Public Records
• 1994-02-02 Sold (Public Records) $15,250 Public Records

Property tax history

-1.8%/yr

Latest (2025): $797 · -53.4% YoY. Source: county tax records.