4320 Devonshire Rd · 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 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$68,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
Key facts
- Brick exterior
- Flexible layout
- Additional storage
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $68k.
Deal economics
- At list price, monthly cash flow is $494 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $68k).
- Recommended offer: $62k (9.0% below list) — sets the bar for market timing.
- Cap rate 15.0% vs local median 10.2% 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 flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 34% 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 $470 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 + 0.7% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 115 days — a 9% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 16y ago; this cycle's ask has dropped $21k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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
- 1.85% ✓
- Cap rate
- 15.01%
- Cash-on-cash
- 31.15%
- DSCR
- 2.39
- GRM
- 4.5
CMA / ARV
- ARV (median comp)
- $132,482
- List price
- $68,000
- Delta
- -48.67%
- 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 |
|---|---|---|---|---|---|---|---|
| 4619 Balfour Rd | 0.33mi | 3/1.0 (+1) | 1,188 (-2%) | 2mo | $44,000 | $37 | 75 |
| 4605 Devonshire Rd | 0.11mi | 3/1.0 (+1) | 1,357 (+12%) | 1mo | $139,000 | $102 | 68 |
| 4404 Somerset Ave | 0.35mi | 3/1.0 (+1) | 1,292 (+7%) | 0mo | $190,000 | $147 | 67 |
| 4503 Bishop St | 0.51mi | 3/1.5 (+1) | 1,215 (+0%) | 3mo | $158,000 | $130 | 66 |
| 3677 Somerset Ave | 0.49mi | 3/1.0 (+1) | 1,154 (-5%) | 0mo | $69,000 | $60 | 64 |
| 4154 Grayton St | 0.58mi | 3/1.5 (+1) | 1,227 (+1%) | 2mo | $215,000 | $175 | 62 |
| 5266 Devonshire Rd | 0.55mi | 3/1.0 (+1) | 1,274 (+5%) | 1mo | $118,000 | $93 | 60 |
| 3619 Buckingham Ave | 0.40mi | 3/1.5 (+1) | 1,374 (+14%) | 1mo | $175,000 | $127 | 51 |
| 5050 Somerset Ave | 0.52mi | 3/1.0 (+1) | 1,356 (+12%) | 1mo | $84,900 | $63 | 50 |
| 4820 Lakepointe St | 0.59mi | 3/1.5 (+1) | 1,100 (-9%) | 2mo | $160,000 | $145 | 49 |
| 4871 Lakepointe St | 0.63mi | 3/1.5 (+1) | 1,100 (-9%) | 2mo | $160,000 | $145 | 47 |
| 4121 Harvard St | 0.62mi | 3/1.5 (+1) | 1,373 (+14%) | 1mo | $189,000 | $138 | 41 |
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 · 0.73% rent growth · sell at horizon
- IRR
- 23.3%
- Equity multiple
- 1.93×
- Total profit
- $17,685
- Equity at exit
- $10,139
- IRR
- 29.7%
- Equity multiple
- 3.37×
- Total profit
- $45,058
- Equity at exit
- $5,879
Cash invested: $19,040 (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 48224
- Rents YoY
- 0.7%
- Active inventory
- 484
- Price-to-rent
- 4.5×
Monthly cashflow live
- Estimated rent
- $1,260 high interval (Pro) →
- Mortgage (P&I)
- −$357
- Tax from tax record
- −$116 /mo · $1,390/yr
- Insurance
- −$28
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$265
- Net cashflow
- $494
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
- $17,000
- Closing costs
- $2,040
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4627 Bedford St Unit 1 Detroit, MI | 2.0 | 1.0 | 1050 | $945 | $0.90 | 20d | 1 | 0.14mi |
| 3651 Buckingham Ave Detroit, MI | 3.0 | 1.0 | 1320 | $1,300 | $0.98 | 17d | 1 | 0.36mi |
| 5028 Bedford St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 5d | 1 | 0.40mi |
| 5031 Bedford St Detroit, MI | 2.0 | 1.0 | 876 | $1,870 | $2.13 | 2d | 1 | 0.40mi |
| 4391 Nottingham Rd Unit 4393 Detroit, MI | 2.0 | 1.0 | 1038 | $950 | $0.92 | 5d | 1 | 0.41mi |
| 4151 Nottingham Rd Detroit, MI | 2.0 | 1.0 | 1022 | $1,275 | $1.25 | 17d | 1 | 0.41mi |
| 3626 Courville St Detroit, MI | 3.0 | 1.0 | 1260 | $1,300 | $1.03 | 44d | 1 | 0.41mi |
| 3625 Chatsworth St Detroit, MI | 3.0 | 1.5 | 1182 | $1,295 | $1.10 | 24d | 1 | 0.43mi |
| 5112 Haverhill St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 44d | 1 | 0.47mi |
| 16530 E Warren Ave Unit 209 Detroit, MI | 1.0 | 1.0 | 850 | $1,292 | $1.52 | 44d | 1 | 0.50mi |
| 5025 Somerset Ave Detroit, MI | 1.0 | 1.0 | 772 | $900 | $1.17 | 44d | 1 | 0.52mi |
| 5267 Haverhill St Detroit, MI | 3.0 | 1.5 | 1458 | $1,300 | $0.89 | 17d | 1 | 0.56mi |
| 5267 Haverhill St Detroit, MI | 3.0 | 1.5 | 1458 | $1,300 | $0.89 | 17d | 1 | 0.56mi |
| 5235 Chatsworth St Detroit, MI | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 44d | 1 | 0.57mi |
| 5284 Devonshire Rd Unit 2 Detroit, MI | 1.0 | 1.0 | 750 | $1,050 | $1.40 | 15d | 1 | 0.57mi |
| 4251 Wayburn St Detroit, MI | 3.0 | 1.5 | 1326 | $1,650 | $1.24 | 44d | 1 | 0.66mi |
| 5574 Buckingham Ave Detroit, MI | 3.0 | 1.0 | 1430 | $1,450 | $1.01 | 4d | 1 | 0.69mi |
| 17137 Ontario St Unit 1 Detroit, MI | 2.0 | 1.0 | 982 | $1,123 | $1.14 | 24d | 1 | 0.77mi |
| 1415 Maryland St Grosse Pointe Park, MI | 3.0 | 1.0 | 700 | $1,275 | $1.82 | 44d | 1 | 0.83mi |
| 1312 Somerset Ave Grosse Pointe Park, MI | 2.0 | 1.0 | 1200 | $1,400 | $1.17 | 17d | 1 | 0.83mi |
| 17161 Denver St Detroit, MI | 1.0 | 1.0 | 700 | $800 | $1.14 | 12d | 1 | 0.84mi |
| 17161 Denver St Apt 10 Detroit, MI | 1.0 | 1.0 | 700 | $800 | $1.14 | 11d | 1 | 0.84mi |
| 5751 Nottingham Rd Unit 5/21/26 Detroit, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 15d | 1 | 0.88mi |
| 1367 Wayburn St Unit 1 Grosse Pointe Park, MI | 3.0 | 1.0 | 816 | $1,250 | $1.53 | 44d | 1 | 0.93mi |
| 5783 Yorkshire Rd Detroit, MI | 2.0 | 1.0 | 1040 | $1,200 | $1.15 | 44d | 1 | 0.94mi |
| 1348 Wayburn St Grosse Pointe, MI | 3.0 | 2.0 | 1035 | $2,200 | $2.13 | 24d | 1 | 0.94mi |
| 1314 Maryland St Grosse Pointe Park, MI | 2.0 | 1.0 | 1008 | $1,250 | $1.24 | 44d | 1 | 0.95mi |
| 5747 Lakepointe St Detroit, MI | 3.0 | 1.5 | 1316 | $1,473 | $1.12 | 44d | 1 | 0.96mi |
| 1236 Beaconsfield Ave Unit 1 Grosse Pointe Park, MI | 2.0 | 1.0 | 1100 | $1,600 | $1.45 | 24d | 1 | 0.96mi |
| 1300 Maryland St Grosse Pointe Park, MI | 2.0 | 1.0 | 900 | $1,200 | $1.33 | 22d | 1 | 0.97mi |
| 1300 Maryland St Grosse Pointe Park, MI | 2.0 | 1.0 | 900 | $1,200 | $1.33 | 3d | 1 | 0.97mi |
| 15857 Evanston St Detroit, MI | 3.0 | 1.5 | 1232 | $1,250 | $1.01 | 5d | 1 | 1.04mi |
| 5076 Chalmers St Unit 5074 Detroit, MI | 1.0 | 1.0 | 700 | $925 | $1.32 | 24d | 1 | 1.04mi |
| 890 Neff Rd Grosse Pointe, MI | 2.0 | 1.0 | 1100 | $2,000 | $1.82 | 24d | 1 | 1.08mi |
| 14800 Vernor Hwy Unit 9 Detroit, MI | 1.0 | 1.0 | 800 | $900 | $1.12 | 44d | 1 | 1.09mi |
| 9409 Balfour Rd Detroit, MI | 3.0 | 1.0 | 1195 | $1,200 | $1.00 | 44d | 1 | 1.09mi |
| 1127 Beaconsfield Ave Grosse Pointe Park, MI | 1.0 | 1.0 | 700 | $975 | $1.39 | 44d | 1 | 1.14mi |
| 9747 Somerset Ave Detroit, MI | 2.0 | 1.0 | 797 | $1,100 | $1.38 | 44d | 1 | 1.20mi |
| 5955 Guilford St Detroit, MI | 3.0 | 1.0 | 802 | $1,400 | $1.75 | 17d | 1 | 1.25mi |
| 9400 Lakepointe St Detroit, MI | 3.0 | 1.0 | 1300 | $1,150 | $0.88 | 5d | 1 | 1.27mi |
Listing history 28 events
-
2026-06-18days on market $68,000 Active 115 DOM
-
2026-06-17days on market $68,000 Active 114 DOM
-
2026-06-15days on market $68,000 Active 112 DOM
-
2026-06-13days on market $68,000 Active 110 DOM
-
2026-06-13days on market $68,000 Active 109 DOM
-
2026-06-09days on market $68,000 Active 106 DOM
-
2026-06-08days on market $68,000 Active 105 DOM
-
2026-06-07pricestatusdays on market $68,000 Active 104 DOM
-
2026-06-02status $72,500 Pending 102 DOM
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2026-06-01days on market $72,500 Active 102 DOM
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2026-05-31days on market $72,500 Active 101 DOM
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2026-05-05price $72,500 958-char remark
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-05-04price $72,500 958-char remark
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-05-04price $72,500
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-02-24price $75,850 958-char remark
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-02-23price $75,850 958-char remark
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-02-23price $75,850
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-02-19$88,888 Active 958-char remark
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-02-19$88,888 Active 958-char remark
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
-
2026-02-19$88,888 Active
Show marketing remark (958 chars)
This brick single-family fixer-upper offers a flexible 2-3 bedroom layout with a finished second floor providing approximately 388 square feet of additional living space. Built in 1948, the property features two bedrooms and one full bath on the main level, plus a finished upper-level space currently configured as a bedroom. The second floor adds valuable square footage and can function as a third bedroom, home office, or bonus room depending on buyer preference. The main level includes a living room, dining area, kitchenette, full bath, and two bedrooms. A basement level provides additional storage and utility space. The brick exterior offers durability and long-term appeal, while the overall layout presents an opportunity for updates and improvements to bring this beautiful home back to life and enhance value. This property is well suited for investors seeking a value-add renovation or long-term hold opportunity. Property is being sold as-is.
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2013-02-28historical
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2013-02-28historical
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2012-09-06$10,350
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2012-09-06$10,350
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2011-08-15historical
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2010-11-30historical
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2010-11-29$20,000
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2010-11-29$20,000
ⓘ 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
- $1,390 · $116/mo
- Projected year-2 tax
- $1,390 · $116/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 3 unhealthy d/yr today · 4 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
- $15,115
- − Mortgage interest
- −$3,809
- − Property taxes
- −$1,390
- − Insurance
- −$340
- − Repairs & maintenance
- −$1,209
- − Management
- −$1,209
- − Depreciation
- −$1,978
- Taxable income
- $5,179
- Est. tax owed @ 24.0%
- −$1,243
- After-tax cash flow
- $4,688/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)
- 39,668
- Household income
- $44,856
- Rent vs Own
- Severe rent burden
- 2515.0
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 (88%)
- Race & ethnicity
- Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
- Common ancestry
- Iranian 1% Romanian 1% Lithuanian 1%
- Foreign-born
- 1%
- Languages at home
- 97% English-only · Spanish 2%
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
- ▼ -226.38%
- Current HPI
- 161.886
- Rent YoY
- ▲ 0.73%
- 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
+262.5% since first listed17 events — show timeline
- 2026-05-05 Price Changed $72,500 MiRealSource-MiMLS
- 2026-05-04 Price Changed $72,500 REALCOMP
- 2026-05-04 Price Changed $72,500 SW Michigan MLS
- 2026-02-24 Price Changed $75,850 MiRealSource-MiMLS
- 2026-02-23 Price Changed $75,850 REALCOMP
- 2026-02-23 Price Changed $75,850 SW Michigan MLS
- 2026-02-19 Listed $88,888 SW Michigan MLS
- 2026-02-19 Listed $88,888 REALCOMP
- 2026-02-19 Listed $88,888 MiRealSource-MiMLS
- 2013-02-28 Listing Removed — REALCOMP
- 2013-02-28 Listing Removed — MiRealSource-MiMLS
- 2012-09-06 Listed $10,350 REALCOMP
- 2012-09-06 Listed $10,350 MiRealSource-MiMLS
- 2011-08-15 Listing Removed — REALCOMP
- 2010-11-30 Listing Removed — MiRealSource-MiMLS
- 2010-11-29 Listed $20,000 MiRealSource-MiMLS
- 2010-11-29 Listed $20,000 REALCOMP
Property tax history
-3.2%/yrLatest (2025): $1,390 · -54.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…