19423 Spencer St · Detroit, MI 48234

$95,000

3 bd · 1.0 ba · 1,360 sqft · SingleFamily public records · 233 Days on market

Built 1940 3,920 sqft lot $70/sqft · 35% above area Est $70k · 35% 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 +28.3/30.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• 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

Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures - ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that's ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

Key facts

• 3,920 sq ft lot
• Garage
• Built 1940

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% 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 (+6.7%/yr); 226 active listings in the ZIP; 31 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).
• At $1,338/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 2372% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 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 + 6.7% rent growth), your $27k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 233 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $17k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $33k; list at $95k implies a 188% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.41% ✓
• Cap rate: 10.12%
• Cash-on-cash: 13.68%
• DSCR: 1.61
• GRM: 5.9

CMA / ARV

• ARV (median comp): $70,163
• List price: $95,000
• Delta: 35.40%
• 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
19363 Packard St	0.07mi	3/1.5	1,368 (+1%)	8mo	$60,000	$44	87
8078 Rolyat St	0.23mi	3/1.0	1,317 (-3%)	2mo	$40,000	$30	82
19487 Spencer St	0.06mi	3/1.0	1,285 (-6%)	8mo	$53,000	$41	82
19466 Packard St	0.05mi	3/1.0	1,179 (-13%)	6mo	$62,000	$53	71
4001 E Outer Dr	0.45mi	3/2.0	1,400 (+3%)	2mo	$105,000	$75	69
20143 Rogge St	0.47mi	3/1.0	1,411 (+4%)	7mo	$84,000	$60	66
19178 Sherwood St	0.41mi	3/2.5	1,381 (+2%)	8mo	$149,000	$108	66
19610 Cliff St	0.13mi	3/1.0	1,183 (-13%)	8mo	$45,000	$38	65
8175 House St	0.36mi	3/1.0	1,160 (-15%)	1mo	$100,000	$86	58
20000 Concord St	0.46mi	3/1.0	1,200 (-12%)	4mo	$140,000	$117	55
18665 Helen St	0.52mi	3/2.0	1,248 (-8%)	9mo	$98,000	$79	50
20438 Veach St	0.69mi	3/1.0	1,174 (-14%)	8mo	$90,000	$77	39

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 · 6.72% rent growth · sell at horizon

5-year hold

• IRR: 8.4%
• Equity multiple: 1.35×
• Total profit: $9,190
• Equity at exit: $14,165

10-year hold

• IRR: 20.9%
• Equity multiple: 3.11×
• Total profit: $56,212
• Equity at exit: $8,214

Cash invested: $26,600 (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 48234

• Home prices YoY: -11.9%
• Rents YoY: 6.7%
• Active inventory: 226
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,338 high
• Mortgage (P&I): −$498
• Tax from tax record: −$216 /mo · $2,595/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $303

Break-even live

Break-even rent $955

Max offer price $95,000

Occupancy floor 72%

Sensitivity live

Price	-10% $357	-5% $330	+0% $303	+5% $276	+10% $249
Rent	-10% $197	-5% $250	+0% $303	+5% $356	+10% $409
Rate	-1.0pp $351	-0.5pp $327	base $303	+0.5pp $279	+1.0pp $253

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19171 Cliff St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	0.23mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	44d	1	0.38mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	25d	1	0.82mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	25d	1	0.86mi
18947 Runyon St Detroit, MI	3.0	1.0	1614	$1,100	$0.68	44d	1	1.05mi
7060 Victory Ave Warren, MI	3.0	1.0	945	$1,450	$1.53	12d	1	1.06mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	2d	1	1.11mi
19260 Bloom St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	5d	1	1.13mi
7043 Meadow Ave Warren, MI	2.0	1.0	911	$1,274	$1.40	44d	1	1.14mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	17d	1	1.18mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	22d	1	1.18mi
18884 Bloom St Detroit, MI	3.0	1.0	979	$975	$1.00	44d	1	1.18mi
8162 Orchard Ave Warren, MI	2.0	1.0	900	$1,000	$1.11	44d	1	1.18mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	17d	1	1.20mi
19361 Moenart St Unit 1 Detroit, MI	2.0	1.0	1000	$1,100	$1.10	24d	1	1.21mi
11228 Sherman Ave Warren, MI	2.0	1.0	1000	$1,200	$1.20	13d	1	1.22mi
7511 Toepfer Rd Warren, MI	3.0	1.0	1032	$1,199	$1.16	22d	1	1.23mi
18891 Moenart St Detroit, MI	3.0	1.0	1150	$1,300	$1.13	2d	1	1.25mi
18677 Moenart St Detroit, MI	2.0	1.0	1470	$1,200	$0.82	44d	1	1.29mi
11377 Sherman Ave Warren, MI	3.0	1.0	1200	$1,400	$1.17	25d	1	1.32mi
19162 Conley St Detroit, MI	2.0	1.0	1000	$1,300	$1.30	44d	1	1.33mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	44d	1	1.34mi
7568 Hudson Ave Unit 2 Warren, MI	2.0	1.0	1415	$900	$0.64	5d	1	1.36mi
7568 Hudson Ave Unit 1 Warren, MI	3.0	1.0	1415	$1,100	$0.78	5d	1	1.36mi
19450 Fenelon St Detroit, MI	3.0	1.0	1062	$1,384	$1.30	5d	1	1.37mi
7044 Hudson Ave Warren, MI	3.0	1.5	1730	$1,700	$0.98	25d	1	1.38mi
20290 Annott St Detroit, MI	3.0	1.0	1300	$1,250	$0.96	18d	1	1.39mi
8251 Hudson Ave Warren, MI	3.0	1.0	908	$1,400	$1.54	25d	1	1.42mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1160	$1,595	$1.38	44d	1	1.46mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1152	$1,595	$1.38	2d	1	1.46mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	44d	1	1.48mi

Listing history 22 events

1. 2026-05-31
   days on market $95,000 Active 233 DOM
2. 2026-04-25
   price $95,000 1064-char remark

   Show marketing remark (1075 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

3. 2026-04-25
   price $95,000 1075-char remark

   Show marketing remark (1075 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

4. 2026-02-13
   price $99,000 1064-char remark

   Show marketing remark (1075 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

5. 2026-02-13
   price $99,000 1075-char remark

   Show marketing remark (1075 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

6. 2026-01-26
   price $102,000 1064-char remark

   Show marketing remark (1064 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures - ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that's ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

7. 2026-01-25
   price $102,000 1075-char remark

   Show marketing remark (1075 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

8. 2025-12-03
   price $107,000 1064-char remark

   Show marketing remark (1075 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

9. 2025-12-03
   price $107,000 1075-char remark

   Show marketing remark (1075 chars)

   Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

10. 2025-10-11
    listed $112,000 Active 1064-char remark

    Show marketing remark (1075 chars)

    Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

11. 2025-10-11
    listed $112,000 Active 1075-char remark

    Show marketing remark (1075 chars)

    Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures — ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that’s ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

12. 2025-10-10
    historical $112,000 1064-char remark

    Show marketing remark (1064 chars)

    Call to schedule your tour today! Welcome to this beautifully updated 3-bedroom, 1-bathroom home offering the perfect combination of classic character and modern comfort. The home features a brick exterior that enhances its timeless curb appeal and a thoughtfully refreshed interior that feels bright and inviting. Each of the three bedrooms offers ample space and natural light, while the updated full bathroom provides modern style and convenience. Recent updates include a new roof (2024), new kitchen (2025), fresh paint, and new flooring throughout, ensuring peace of mind for years to come. The kitchen has been completely remodeled with updated cabinetry, countertops, and fixtures - ready for everyday living and entertaining alike. Outside, the property features a well-maintained yard that's ideal for relaxing, gardening, or hosting family gatherings. Located in a convenient Detroit neighborhood close to schools, parks, and major commuter routes, this move-in-ready home is an excellent choice for buyers seeking quality and value. B. A. T. V. A. I.

13. 2024-08-08
    soldstatus $33,000 Sold
14. 2024-08-08
    soldstatus $33,000 Closed
15. 2024-07-23
    status Pending
16. 2024-07-23
    status Pending
17. 2024-06-04
    status Active
18. 2024-06-04
    status Active
19. 2024-06-01
    status Pending
20. 2024-06-01
    status Pending
21. 2024-05-24
    listed $25,000 Active
22. 2024-05-24
    listed $25,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,595 · $216/mo
• Projected year-2 tax: $2,595 · $216/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 3/10 Moderate FEMA zone X (unshaded) · 17% 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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,059
• − Mortgage interest: −$5,321
• − Property taxes: −$2,595
• − Insurance: −$475
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − Depreciation: −$2,764
• Taxable income: $2,334
• Est. tax owed @ 24.0%: −$560
• After-tax cash flow: $3,078/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): 32,760
• Household income: $35,322
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 2372.0

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% White 3% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 2% · Canada, Vietnam, Philippines
• Languages at home: 97% English-only · French/Haitian/Cajun 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: ▼ -44.65%
• Current HPI: 328.8978
• Rent YoY: ▲ 6.72%
• 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

+280.0% since first listed

21 events — show timeline

• 2026-04-25 Price Changed $95,000 MiRealSource-MiMLS
• 2026-04-25 Price Changed $95,000 REALCOMP
• 2026-02-13 Price Changed $99,000 MiRealSource-MiMLS
• 2026-02-13 Price Changed $99,000 REALCOMP
• 2026-01-26 Price Changed $102,000 MiRealSource-MiMLS
• 2026-01-25 Price Changed $102,000 REALCOMP
• 2025-12-03 Price Changed $107,000 MiRealSource-MiMLS
• 2025-12-03 Price Changed $107,000 REALCOMP
• 2025-10-11 Listed $112,000 MiRealSource-MiMLS
• 2025-10-11 Listed $112,000 REALCOMP
• 2025-10-10 Coming Soon $112,000 MiRealSource-MiMLS
• 2024-08-08 Sold (MLS) $33,000 MiRealSource-MiMLS
• 2024-08-08 Sold (MLS) $33,000 REALCOMP
• 2024-07-23 Pending — REALCOMP
• 2024-07-23 Pending — MiRealSource-MiMLS
• 2024-06-04 Relisted — MiRealSource-MiMLS
• 2024-06-04 Relisted — REALCOMP
• 2024-06-01 Pending — MiRealSource-MiMLS
• 2024-06-01 Pending — REALCOMP
• 2024-05-24 Listed $25,000 MiRealSource-MiMLS
• 2024-05-24 Listed $25,000 REALCOMP

Property tax history

+11.7%/yr

Latest (2025): $2,595 · +7.6% YoY. Source: county tax records.