6301 Lodewyck St · 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 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 +29.7/30.0
- DSCR +10.0/10.0
- 1% rule +8.7/10.0
- Livability +3.7/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$99,950
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Check out this super clean 3 bedroom brick bungalow that is priced to sell quickly! Whether you are a first time home buyer or an investor looking for a turnkey rental property, this house is turnkey and ready for a new owner. Property has been well maintained and cared for. A full remodel was done less than 2 years ago including the kitchen and bathroom. Roof is less than 5 years old. Vinyl windows throughout. Corner lot with a detached 1 car garage. Basement is clean and dry. Plumbing has been mostly updated to PEX. Property is currently occupied but will be delivered vacant at closing. Showings by appointment only. This property may qualify for down payment assistance, please reach out directly if you would like more info on financing options. Reach out to schedule a showing asap!
Key facts
- Brick bungalow
- Vinyl windows
- Full remodel
Tags
Property features AI
Exterior
- Parking: Detached garage (1 car); Driveway
- Utilities: Public water; Public sewer
- Home design: Single-family residence; Two levels; Ground-level entry with steps; Brick exterior
- Construction: Brick construction
- Exterior features: Paved road access; Lot approx. 0.1 acre (40 x 103.44)
Interior
- Bathrooms: One full bathroom
- Heating & cooling: Forced air heating (natural gas); No central cooling
- Interior features: Unfinished basement; Three total rooms
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $100k.
Deal economics
- At list price, monthly cash flow is $364 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $100k).
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; 492 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 37% 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 $692 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 + 0.7% rent growth), your $28k cash investment doubles in ~10 years — after that, you're playing with house money.
Negotiation context
- Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
- 21 sale attempts since 18y ago; this cycle's ask is 7304% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
- Current owner paid $70k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 1.37% ✓
- Cap rate
- 10.66%
- Cash-on-cash
- 15.60%
- DSCR
- 1.69
- GRM
- 6.1
CMA / ARV
- ARV (on-the-fly)
- $71,544
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 6135 Marseilles St | 0.11mi | 3/1.0 | 988 (-9%) | 0mo | $55,000 | $56 | 80 |
| 9369 Sanilac St | 0.41mi | 3/1.0 | 1,124 (+4%) | 1mo | $65,000 | $58 | 74 |
| 21628 Newcastle Rd | 0.59mi | 3/1.0 | 1,079 (-0%) | 0mo | $173,500 | $161 | 71 |
| 6230 Oldtown St | 0.46mi | 3/1.0 | 1,149 (+6%) | 2mo | $76,000 | $66 | 67 |
| 21211 Newcastle Rd | 0.57mi | 3/1.0 | 1,120 (+3%) | 2mo | $135,000 | $121 | 66 |
| 6106 Oldtown St | 0.47mi | 3/1.5 | 961 (-11%) | 1mo | $132,000 | $137 | 56 |
| 20244 Mccormick St | 0.67mi | 3/1.0 | 1,000 (-8%) | 1mo | $75,000 | $75 | 55 |
| 5220 University Pl | 0.61mi | 2/1.0 (-1) | 1,001 (-8%) | 0mo | $40,000 | $40 | 53 |
| 10945 Peerless St | 0.66mi | 3/1.0 | 964 (-11%) | 2mo | $54,000 | $56 | 49 |
| 20300 Mccormick St | 0.62mi | 3/1.0 | 940 (-13%) | 1mo | $60,000 | $64 | 48 |
| 11017 Worden St | 0.72mi | 3/1.0 | 961 (-11%) | 0mo | $47,500 | $49 | 47 |
| 11160 Worden St | 0.72mi | 3/2.0 | 1,234 (+14%) | 1mo | $156,000 | $126 | 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 · 0.73% rent growth · sell at horizon
- IRR
- 3.8%
- Equity multiple
- 1.14×
- Total profit
- $3,960
- Equity at exit
- $14,903
- IRR
- 11.0%
- Equity multiple
- 1.77×
- Total profit
- $21,454
- Equity at exit
- $8,642
Cash invested: $27,986 (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
- 492
- Price-to-rent
- 6.1×
Monthly cashflow live
- Estimated rent
- $1,369 high interval (Pro) →
- Mortgage (P&I)
- −$524
- Tax from tax record
- −$152 /mo · $1,821/yr
- Insurance
- −$42
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$287
- Net cashflow
- $364
Break-even live
Sensitivity live
| Price | -10% $420 | -5% $392 | +0% $364 | +5% $336 | +10% $307 |
|---|---|---|---|---|---|
| Rent | -10% $256 | -5% $310 | +0% $364 | +5% $418 | +10% $472 |
| Rate | -1.0pp $414 | -0.5pp $389 | base $364 | +0.5pp $338 | +1.0pp $312 |
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
- $24,988
- Closing costs
- $2,998
- 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 |
|---|---|---|---|---|---|---|---|---|
| 6301 Lodewyck St Detroit, MI | 3.0 | 1.0 | 1084 | $1,300 | $1.20 | 13d | 1 | 0.03mi |
| 6175 Marseilles St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 45d | 1 | 0.06mi |
| 17720 Chester St Detroit, MI | 2.0 | 1.0 | 986 | $1,250 | $1.27 | 45d | 1 | 0.13mi |
| 17710 Chester St Detroit, MI | 2.0 | 1.0 | 984 | $1,250 | $1.27 | 45d | 1 | 0.13mi |
| 5915 Farmbrook St Detroit, MI | 3.0 | 1.5 | 1000 | $1,250 | $1.25 | 25d | 1 | 0.22mi |
| 6181 Neff Ave Detroit, MI | 3.0 | 1.0 | 1102 | $1,299 | $1.18 | 19d | 1 | 0.26mi |
| 6325 Neff Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 4d | 1 | 0.26mi |
| 6154 Woodhall St Detroit, MI | 2.0 | 1.0 | 1136 | $1,000 | $0.88 | 45d | 1 | 0.30mi |
| 20926 Moross Rd Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,350 | $1.12 | 45d | 1 | 0.32mi |
| 5786 Neff Ave Detroit, MI | 3.0 | 1.5 | 1100 | $1,225 | $1.11 | 18d | 1 | 0.35mi |
| 6304 Bluehill St Detroit, MI | 3.0 | 1.0 | 1088 | $1,500 | $1.38 | 45d | 1 | 0.40mi |
| 5955 Guilford St Detroit, MI | 3.0 | 1.0 | 802 | $1,400 | $1.75 | 18d | 1 | 0.41mi |
| 19168 Berden St Grosse Pointe, MI | 3.0 | 1.0 | 1200 | $1,800 | $1.50 | 0d | 1 | 0.42mi |
| 21401 Kingsville St Harper Woods, MI | 2.0 | 1.0 | 944 | $1,200 | $1.27 | 25d | 1 | 0.43mi |
| 19203 Edgefield St Harper Woods, MI | 2.0 | 1.0 | 1100 | $1,100 | $1.00 | 25d | 1 | 0.44mi |
| 10542 Lanark St Detroit, MI | 3.0 | 1.0 | 1023 | $1,250 | $1.22 | 45d | 1 | 0.45mi |
| 6225 Oldtown St Detroit, MI | 3.0 | 1.0 | 1330 | $1,199 | $0.90 | 18d | 1 | 0.48mi |
| 19000 Chandler Park Dr Grosse Pointe, MI | 2.0 | 1.0 | 1374 | $2,195 | $1.60 | 0d | 1 | 0.61mi |
| 19000 Chandler Park Dr Grosse Pointe, MI | 2.0 | 1.0 | 1374 | $2,300 | $1.67 | 0d | 1 | 0.61mi |
| 10870 Marne St Detroit, MI | 3.0 | 1.0 | 1156 | $1,100 | $0.95 | 18d | 1 | 0.61mi |
| 20461 Kingsville St Harper Woods, MI | 4.0 | 1.0 | 1100 | $1,399 | $1.27 | 16d | 1 | 0.63mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 19d | 1 | 0.65mi |
| 22144 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,350 | $1.65 | 4d | 1 | 0.65mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 4d | 1 | 0.66mi |
| 22148 Moross Rd Grosse Pointe, MI | 2.0 | 1.0 | 819 | $1,250 | $1.53 | 18d | 1 | 0.66mi |
| 10985 Peerless St Detroit, MI | 3.0 | 1.0 | 1000 | $1,364 | $1.36 | 6d | 1 | 0.70mi |
| 9241 Boleyn St Detroit, MI | 3.0 | 1.0 | 1350 | $1,350 | $1.00 | 45d | 1 | 0.72mi |
| 9313 Harvard Rd Detroit, MI | 3.0 | 1.5 | 1329 | $1,200 | $0.90 | 18d | 1 | 0.72mi |
| 10692 Meuse St Detroit, MI | 3.0 | 1.0 | 955 | $1,250 | $1.31 | 13d | 1 | 0.74mi |
| 10370 Britain St Detroit, MI | 3.0 | 1.0 | 1100 | $1,100 | $1.00 | 45d | 1 | 0.76mi |
| 10400 Britain St Detroit, MI | 3.0 | 1.0 | 890 | $1,100 | $1.24 | 45d | 1 | 0.78mi |
| 5783 Yorkshire Rd Detroit, MI | 2.0 | 1.0 | 1040 | $1,200 | $1.15 | 45d | 1 | 0.82mi |
| 19982 McCormick St Detroit, MI | 3.0 | 1.0 | 866 | $1,200 | $1.39 | 4d | 1 | 0.83mi |
| 10177 Boleyn St Detroit, MI | 3.0 | 1.0 | 767 | $1,250 | $1.63 | 45d | 1 | 0.83mi |
| 10037 Grayton St Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 4d | 1 | 0.83mi |
| 9635 Everts St Detroit, MI | 4.0 | 2.0 | 1450 | $1,650 | $1.14 | 45d | 1 | 0.99mi |
| 17137 Ontario St Unit 1 Detroit, MI | 2.0 | 1.0 | 982 | $1,123 | $1.14 | 25d | 1 | 1.01mi |
| 19639 Moross Rd Unit 1 Detroit, MI | 2.0 | 1.0 | 900 | $1,100 | $1.22 | 45d | 1 | 1.02mi |
| 19661 Kenosha St Harper Woods, MI | 3.0 | 2.0 | 1000 | $1,400 | $1.40 | 25d | 1 | 1.09mi |
| 11529 Roxbury St Detroit, MI | 2.0 | 1.0 | 720 | $1,200 | $1.67 | 13d | 1 | 1.10mi |
Listing history 50 events
-
2026-06-04days on market $99,950 Active 14 DOM
-
2026-06-03days on market $99,950 Active 13 DOM
-
2026-06-02days on market $99,950 Active 12 DOM
-
2026-06-01days on market $99,950 Active 11 DOM
-
2026-05-31days on market $99,950 Active 10 DOM
-
2026-05-21$1,350
Show marketing remark (794 chars)
Check out this super clean 3 bedroom brick bungalow that is priced to sell quickly! Whether you are a first time home buyer or an investor looking for a turnkey rental property, this house is turnkey and ready for a new owner. Property has been well maintained and cared for. A full remodel was done less than 2 years ago including the kitchen and bathroom. Roof is less than 5 years old. Vinyl windows throughout. Corner lot with a detached 1 car garage. Basement is clean and dry. Plumbing has been mostly updated to PEX. Property is currently occupied but will be delivered vacant at closing. Showings by appointment only. This property may qualify for down payment assistance, please reach out directly if you would like more info on financing options. Reach out to schedule a showing asap!
-
2026-05-21$110,000 Active
Show marketing remark (794 chars)
Check out this super clean 3 bedroom brick bungalow that is priced to sell quickly! Whether you are a first time home buyer or an investor looking for a turnkey rental property, this house is turnkey and ready for a new owner. Property has been well maintained and cared for. A full remodel was done less than 2 years ago including the kitchen and bathroom. Roof is less than 5 years old. Vinyl windows throughout. Corner lot with a detached 1 car garage. Basement is clean and dry. Plumbing has been mostly updated to PEX. Property is currently occupied but will be delivered vacant at closing. Showings by appointment only. This property may qualify for down payment assistance, please reach out directly if you would like more info on financing options. Reach out to schedule a showing asap!
-
2026-05-21$110,000 Active 794-char remark
Show marketing remark (794 chars)
Check out this super clean 3 bedroom brick bungalow that is priced to sell quickly! Whether you are a first time home buyer or an investor looking for a turnkey rental property, this house is turnkey and ready for a new owner. Property has been well maintained and cared for. A full remodel was done less than 2 years ago including the kitchen and bathroom. Roof is less than 5 years old. Vinyl windows throughout. Corner lot with a detached 1 car garage. Basement is clean and dry. Plumbing has been mostly updated to PEX. Property is currently occupied but will be delivered vacant at closing. Showings by appointment only. This property may qualify for down payment assistance, please reach out directly if you would like more info on financing options. Reach out to schedule a showing asap!
-
2026-02-12soldstatus $70,000
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2026-02-11soldstatus $70,000 Closed 521-char remark
Show marketing remark (521 chars)
Turnkey Detroit Investment Property! Beautifully updated 3-bedroom, 1-bath bungalow featuring a full basement, detached garage, and fenced yard. Inside, enjoy a completely refreshed interior with a new kitchen, fresh paint, and new flooring throughout. Property is tenant-occupied and generating $1,300/month in rent - an excellent opportunity for a cash-flowing addition to your portfolio. Convenient location with strong rental demand. Nothing to do but start collecting rent! TENANT OCCUPIED - DO NOT DISTURB TENANT!
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2026-02-11soldstatus $70,000 Closed
Show marketing remark (521 chars)
Turnkey Detroit Investment Property! Beautifully updated 3-bedroom, 1-bath bungalow featuring a full basement, detached garage, and fenced yard. Inside, enjoy a completely refreshed interior with a new kitchen, fresh paint, and new flooring throughout. Property is tenant-occupied and generating $1,300/month in rent - an excellent opportunity for a cash-flowing addition to your portfolio. Convenient location with strong rental demand. Nothing to do but start collecting rent! TENANT OCCUPIED - DO NOT DISTURB TENANT!
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2025-12-02status Pending 521-char remark
Show marketing remark (521 chars)
Turnkey Detroit Investment Property! Beautifully updated 3-bedroom, 1-bath bungalow featuring a full basement, detached garage, and fenced yard. Inside, enjoy a completely refreshed interior with a new kitchen, fresh paint, and new flooring throughout. Property is tenant-occupied and generating $1,300/month in rent - an excellent opportunity for a cash-flowing addition to your portfolio. Convenient location with strong rental demand. Nothing to do but start collecting rent! TENANT OCCUPIED - DO NOT DISTURB TENANT!
-
2025-12-02status Pending
Show marketing remark (521 chars)
Turnkey Detroit Investment Property! Beautifully updated 3-bedroom, 1-bath bungalow featuring a full basement, detached garage, and fenced yard. Inside, enjoy a completely refreshed interior with a new kitchen, fresh paint, and new flooring throughout. Property is tenant-occupied and generating $1,300/month in rent - an excellent opportunity for a cash-flowing addition to your portfolio. Convenient location with strong rental demand. Nothing to do but start collecting rent! TENANT OCCUPIED - DO NOT DISTURB TENANT!
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2025-11-10$77,000 Active 521-char remark
Show marketing remark (521 chars)
Turnkey Detroit Investment Property! Beautifully updated 3-bedroom, 1-bath bungalow featuring a full basement, detached garage, and fenced yard. Inside, enjoy a completely refreshed interior with a new kitchen, fresh paint, and new flooring throughout. Property is tenant-occupied and generating $1,300/month in rent - an excellent opportunity for a cash-flowing addition to your portfolio. Convenient location with strong rental demand. Nothing to do but start collecting rent! TENANT OCCUPIED - DO NOT DISTURB TENANT!
-
2025-11-10$77,000 Active
Show marketing remark (521 chars)
Turnkey Detroit Investment Property! Beautifully updated 3-bedroom, 1-bath bungalow featuring a full basement, detached garage, and fenced yard. Inside, enjoy a completely refreshed interior with a new kitchen, fresh paint, and new flooring throughout. Property is tenant-occupied and generating $1,300/month in rent - an excellent opportunity for a cash-flowing addition to your portfolio. Convenient location with strong rental demand. Nothing to do but start collecting rent! TENANT OCCUPIED - DO NOT DISTURB TENANT!
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2025-11-07historical
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2025-10-21historical $1,300
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2025-10-09$1,300
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2025-10-06price $85,000
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2025-10-06price $85,000
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2025-10-03status Active
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2025-10-03status Active
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2025-09-19historical $1,300
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2025-09-02historical Accepting Backup Offers
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2025-09-02historical Active Under Contract
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2025-08-13price $1,300
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2025-08-13$100,000 Active
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2025-08-13$100,000 Active
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2025-07-04price $1,600
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2025-05-28$1,800
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2025-05-23soldstatus $77,000 Closed
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2025-05-23soldstatus $77,000 Closed
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2025-05-23soldstatus $77,000
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2025-04-30status Pending
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2025-04-30status Pending
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2025-04-19$80,000 Active
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2025-04-19$80,000 Active
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2025-03-22status Pending
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2025-03-22status Pending
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2025-03-22historical
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2025-03-14$80,000 Active
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2025-03-14$80,000 Active
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2019-01-29status Pending
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2019-01-24soldstatus $35,000 Sold
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2019-01-24soldstatus $35,000 Closed
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2018-11-21$39,500 Active
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2018-11-21$39,500 Active
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2011-04-07historical
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2011-04-07historical
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2011-03-22$10,000
ⓘ 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
- $1,821 · $152/mo
- Projected year-2 tax
- $1,821 · $152/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
- $16,427
- − Mortgage interest
- −$5,599
- − Property taxes
- −$1,821
- − Insurance
- −$500
- − Repairs & maintenance
- −$1,314
- − Management
- −$1,314
- − Depreciation
- −$2,908
- Taxable income
- $2,971
- Est. tax owed @ 24.0%
- −$713
- After-tax cash flow
- $3,654/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
-96.4% since first listed52 events — show timeline
- 2026-05-21 Listed for Rent $1,350 RentEngineListings
- 2026-05-21 Listed $110,000 MiRealSource-MiMLS
- 2026-05-21 Listed $110,000 REALCOMP
- 2026-02-12 Sold (Public Records) $70,000 Public Records
- 2026-02-11 Sold (MLS) $70,000 REALCOMP
- 2026-02-11 Sold (MLS) $70,000 MiRealSource-MiMLS
- 2025-12-02 Pending — MiRealSource-MiMLS
- 2025-12-02 Pending — REALCOMP
- 2025-11-10 Listed $77,000 REALCOMP
- 2025-11-10 Listed $77,000 MiRealSource-MiMLS
- 2025-11-07 Listing Removed — MiRealSource-MiMLS
- 2025-10-21 Rental Removed $1,300 REALSOURCE
- 2025-10-09 Listed for Rent $1,300 REALSOURCE
- 2025-10-06 Price Changed $85,000 MiRealSource-MiMLS
- 2025-10-06 Price Changed $85,000 REALCOMP
- 2025-10-03 Relisted — MiRealSource-MiMLS
- 2025-10-03 Relisted — REALCOMP
- 2025-09-19 Rental Removed $1,300 REALSOURCE
- 2025-09-02 Contingent — MiRealSource-MiMLS
- 2025-09-02 Contingent — REALCOMP
- 2025-08-13 Price Changed $1,300 REALSOURCE
- 2025-08-13 Listed $100,000 REALCOMP
- 2025-08-13 Listed $100,000 MiRealSource-MiMLS
- 2025-07-04 Price Changed $1,600 REALSOURCE
- 2025-05-28 Listed for Rent $1,800 REALSOURCE
- 2025-05-23 Sold (Public Records) $77,000 Public Records
- 2025-05-23 Sold (MLS) $77,000 REALCOMP
- 2025-05-23 Sold (MLS) $77,000 MiRealSource-MiMLS
- 2025-04-30 Pending — REALCOMP
- 2025-04-30 Pending — MiRealSource-MiMLS
- 2025-04-19 Listed $80,000 REALCOMP
- 2025-04-19 Listed $80,000 MiRealSource-MiMLS
- 2025-03-22 Pending — REALCOMP
- 2025-03-22 Pending — MiRealSource-MiMLS
- 2025-03-22 Listing Removed — MiRealSource-MiMLS
- 2025-03-14 Listed $80,000 MiRealSource-MiMLS
- 2025-03-14 Listed $80,000 REALCOMP
- 2019-01-29 Pending — REALCOMP
- 2019-01-24 Sold (MLS) $35,000 MiRealSource-MiMLS
- 2019-01-24 Sold (MLS) $35,000 REALCOMP
- 2018-11-21 Listed $39,500 MiRealSource-MiMLS
- 2018-11-21 Listed $39,500 REALCOMP
- 2011-04-07 Listing Removed — MiRealSource-MiMLS
- 2011-04-07 Listing Removed — REALCOMP
- 2011-03-22 Listed $10,000 MiRealSource-MiMLS
- 2011-03-22 Listed $10,000 REALCOMP
- 2010-02-01 Listing Removed — REALCOMP
- 2009-07-08 Listed $85,000 REALCOMP
- 2008-11-22 Listing Removed — REALCOMP
- 2008-06-30 Listed $89,900 REALCOMP
- 1999-08-30 Sold (Public Records) $81,900 Public Records
- 1991-12-09 Sold (Public Records) $38,000 Public Records
Property tax history
+1.3%/yrLatest (2025): $1,821 · -37.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…