19211 Alcoy St · Detroit, MI 48205

$59,000

3 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 688 Days on market

Built 1948 5,663 sqft lot $58/sqft · 7% above area Est $55k · 7% over

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +4.4/15.0
• 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

Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

Key facts

• Brick bungalow
• 5,663 sq ft lot
• Garage

Tags

• BRICK BUNGALOW

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $703 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.6% 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 rising (+1.3%/yr); 373 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 $408 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 + 1.3% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 688 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 19y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $59k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 688 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 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.37% ✓
• Cap rate: 20.59%
• Cash-on-cash: 51.07%
• DSCR: 3.27
• GRM: 3.5

CMA / ARV

• ARV (median comp): $55,164
• List price: $59,000
• Delta: 6.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19730 Goulburn St	0.38mi	3/1.5	977 (-5%)	1mo	$114,000	$117	72
20020 Pelkey St	0.57mi	3/1.0	1,020 (-0%)	2mo	$75,000	$74	71
19161 Hamburg St	0.44mi	3/1.0	960 (-6%)	2mo	$116,000	$121	68
18982 Hamburg St	0.43mi	3/1.0	952 (-7%)	3mo	$45,000	$47	66
19633 Barlow St	0.47mi	3/1.5	962 (-6%)	3mo	$72,000	$75	64
19940 Westphalia St	0.49mi	3/1.0	1,114 (+9%)	0mo	$30,000	$27	62
13452 Tacoma St	0.35mi	3/1.0	900 (-12%)	1mo	$69,072	$77	62
13424 Tacoma St	0.35mi	3/1.0	900 (-12%)	3mo	$72,000	$80	61
14076 Rossini Dr	0.72mi	3/1.0	1,055 (+3%)	0mo	$90,000	$85	61
20218 Goulburn St	0.70mi	3/1.0	965 (-6%)	1mo	$12,000	$12	57
20218 Hickory St	0.68mi	3/1.0	930 (-9%)	1mo	$26,000	$28	52
20200 Alcoy St	0.66mi	3/1.0	917 (-10%)	2mo	$55,100	$60	50

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: 47.0%
• Equity multiple: 2.99×
• Total profit: $32,927
• Equity at exit: $8,797

10-year hold

• IRR: 52.0%
• Equity multiple: 5.68×
• Total profit: $77,240
• Equity at exit: $5,101

Cash invested: $16,520 (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: 373
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,397 high
• Mortgage (P&I): −$309
• Tax from tax record: −$66 /mo · $796/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $703

Break-even live

Break-even rent $507

Max offer price $59,000

Occupancy floor 45%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19170 Joann St Detroit, MI	4.0	1.0	1020	$1,400	$1.37	43d	1	0.04mi
19220 Alcoy St Detroit, MI	3.0	1.0	1023	$1,350	$1.32	17d	1	0.04mi
19143 Fairport St Detroit, MI	3.0	1.0	1070	$1,225	$1.14	17d	1	0.13mi
19207 Westphalia St Detroit, MI	4.0	1.0	1179	$1,800	$1.53	17d	1	0.19mi
19419 Westphalia St Detroit, MI	3.0	1.0	1293	$1,325	$1.02	17d	1	0.25mi
13669 Pfent St Detroit, MI	3.0	2.0	1031	$1,374	$1.33	17d	1	0.30mi
18624 Fairport St Unit NA Detroit, MI	3.0	1.0	924	$1,450	$1.57	24d	1	0.32mi
18624 Fairport St Detroit, MI	3.0	1.0	874	$1,450	$1.66	21d	1	0.32mi
19610 Westphalia St Detroit, MI	3.0	1.0	1200	$1,595	$1.33	17d	1	0.32mi
18703 Waltham St Detroit, MI	2.0	1.0	1000	$1,100	$1.10	43d	1	0.39mi
18681 Barlow St Detroit, MI	3.0	1.0	1041	$1,400	$1.34	24d	1	0.45mi
18119 Joann St Detroit, MI	2.0	1.0	800	$1,100	$1.38	24d	1	0.47mi
20027 Alcoy St Detroit, MI	3.0	1.0	1000	$1,349	$1.35	17d	1	0.58mi
13218 Greiner St Detroit, MI	3.0	1.0	1162	$1,195	$1.03	17d	1	0.59mi
20215 Schoenherr St Unit 1 Detroit, MI	2.0	1.0	1000	$1,200	$1.20	17d	1	0.71mi
20227 Pelkey St Detroit, MI	3.0	1.0	968	$1,350	$1.39	17d	1	0.71mi
20242 Hickory St Detroit, MI	3.0	1.0	747	$1,300	$1.74	11d	1	0.73mi
20091 Barlow St Detroit, MI	3.0	1.0	930	$1,300	$1.40	17d	1	0.74mi
14461 Lappin St Detroit, MI	3.0	1.5	989	$1,150	$1.16	17d	1	0.77mi
14481 Maddelein St Detroit, MI	3.0	1.0	1200	$1,100	$0.92	43d	1	0.79mi
13693 Edmore Dr Detroit, MI	3.0	1.5	1269	$1,550	$1.22	11d	1	0.81mi
20296 Waltham St Detroit, MI	3.0	1.5	986	$1,300	$1.32	17d	1	0.82mi
14504 Coram St Detroit, MI	3.0	1.0	1203	$1,175	$0.98	24d	1	0.82mi
17851 Strasburg St Detroit, MI	3.0	1.0	1079	$1,100	$1.02	17d	1	0.83mi
20553 Hamburg St Detroit, MI	3.0	1.0	1074	$1,300	$1.21	3d	1	0.96mi
14134 Collingham Dr Detroit, MI	3.0	1.5	1300	$1,350	$1.04	43d	1	1.00mi
12807 Coleen Ave Warren, MI	3.0	1.0	1080	$1,250	$1.16	24d	1	1.01mi
14068 Carlisle St Detroit, MI	3.0	1.0	1020	$1,300	$1.27	24d	1	1.01mi
20290 Annott St Detroit, MI	3.0	1.0	1300	$1,250	$0.96	17d	1	1.01mi
11513 Greiner St Unit 11521 Greiner Detroit, MI	2.0	1.0	942	$1,050	$1.11	43d	1	1.01mi
12846 Georgiana Ave Warren, MI	3.0	1.0	912	$1,300	$1.43	24d	1	1.03mi
18431 Teppert St Detroit, MI	4.0	1.0	1200	$1,400	$1.17	1d	1	1.09mi
13501 Vernon Ave Warren, MI	2.0	1.0	850	$1,300	$1.53	24d	1	1.11mi
14201 Mayfield St Detroit, MI	4.0	1.5	1296	$1,250	$0.96	43d	1	1.13mi
17241 Rowe St Detroit, MI	3.0	1.5	1316	$1,450	$1.10	17d	1	1.19mi
12740 August St Detroit, MI	2.0	1.0	900	$1,300	$1.44	5d	1	1.21mi
15010 Cedargrove St Detroit, MI	3.0	1.5	1018	$1,350	$1.33	43d	1	1.33mi
13050 Couwlier Ave Warren, MI	3.0	1.0	850	$1,350	$1.59	24d	1	1.35mi
11785 Nashville St Detroit, MI	3.0	2.0	1360	$1,450	$1.07	3d	1	1.37mi
12112 Christy St Unit 12110 Detroit, MI	2.0	1.0	950	$1,200	$1.26	43d	1	1.38mi

Listing history 41 events

1. 2026-06-18
   days on market $59,000 Active 688 DOM
2. 2026-06-17
   days on market $59,000 Active 687 DOM
3. 2026-06-15
   days on market $59,000 Active 685 DOM
4. 2026-06-13
   days on market $59,000 Active 683 DOM
5. 2026-06-13
   days on market $59,000 Active 682 DOM
6. 2026-06-09
   days on market $59,000 Active 679 DOM
7. 2026-06-08
   days on market $59,000 Active 678 DOM
8. 2026-06-07
   days on market $59,000 Active 677 DOM
9. 2026-06-04
   days on market $59,000 Active 674 DOM
10. 2026-06-03
    days on market $59,000 Active 673 DOM
11. 2026-06-01
    days on market $59,000 Active 671 DOM
12. 2026-05-31
    days on market $59,000 Active 670 DOM
13. 2026-01-14
    status Active 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

14. 2026-01-14
    status Active 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

15. 2025-11-11
    status Pending 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

16. 2025-11-11
    status Pending 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

17. 2025-07-09
    price $59,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

18. 2025-07-08
    price $59,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

19. 2025-04-17
    price $60,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

20. 2025-04-16
    price $60,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

21. 2025-03-06
    price $65,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

22. 2025-03-05
    price $65,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

23. 2024-12-03
    price $68,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

24. 2024-12-02
    price $68,000 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

25. 2024-05-27
    listed $69,000 Active 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

26. 2024-05-27
    listed $69,000 Active 164-char remark

    Show marketing remark (164 chars)

    Brick bungalow on Detroit's East Side. Tenant occupied, current rent rate 935 / month. Lease and ledger available upon request. No showings prior to accepted offer.

27. 2008-10-15
    historical
28. 2008-10-15
    historical
29. 2008-09-16
    listed $10,899
30. 2008-09-15
    historical
31. 2008-08-25
    listed $10,899
32. 2008-08-25
    listed $10,900
33. 2008-07-30
    historical
34. 2008-07-30
    historical
35. 2008-02-20
    listed $14,900
36. 2008-02-20
    listed $14,900
37. 2007-09-11
    historical
38. 2007-05-07
    listed $75,000
39. 1997-12-22
    soldstatus $29,500
40. 1997-11-05
    soldstatus $48,000
41. 1997-04-19
    soldstatus $24,023

ⓘ 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: $796 · $66/mo
• Projected year-2 tax: $853 · $71/mo
• Expected delta: +$56/yr (+$5/mo · 7.0%)

ⓘ 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: $16,761
• − Mortgage interest: −$3,305
• − Property taxes: −$796
• − Insurance: −$295
• − Repairs & maintenance: −$1,341
• − Management: −$1,341
• − Depreciation: −$1,716
• Taxable income: $7,967
• Est. tax owed @ 24.0%: −$1,912
• After-tax cash flow: $6,525/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

+145.6% since first listed

29 events — show timeline

• 2026-01-14 Relisted — MiRealSource-MiMLS
• 2026-01-14 Relisted — REALCOMP
• 2025-11-11 Pending — MiRealSource-MiMLS
• 2025-11-11 Pending — REALCOMP
• 2025-07-09 Price Changed $59,000 MiRealSource-MiMLS
• 2025-07-08 Price Changed $59,000 REALCOMP
• 2025-04-17 Price Changed $60,000 MiRealSource-MiMLS
• 2025-04-16 Price Changed $60,000 REALCOMP
• 2025-03-06 Price Changed $65,000 MiRealSource-MiMLS
• 2025-03-05 Price Changed $65,000 REALCOMP
• 2024-12-03 Price Changed $68,000 MiRealSource-MiMLS
• 2024-12-02 Price Changed $68,000 REALCOMP
• 2024-05-27 Listed $69,000 REALCOMP
• 2024-05-27 Listed $69,000 MiRealSource-MiMLS
• 2008-10-15 Listing Removed — MiRealSource-MiMLS
• 2008-10-15 Listing Removed — REALCOMP
• 2008-09-16 Listed $10,899 REALCOMP
• 2008-09-15 Listing Removed — REALCOMP
• 2008-08-25 Listed $10,900 REALCOMP
• 2008-08-25 Listed $10,899 MiRealSource-MiMLS
• 2008-07-30 Listing Removed — REALCOMP
• 2008-07-30 Listing Removed — MiRealSource-MiMLS
• 2008-02-20 Listed $14,900 REALCOMP
• 2008-02-20 Listed $14,900 MiRealSource-MiMLS
• 2007-09-11 Listing Removed — REALCOMP
• 2007-05-07 Listed $75,000 REALCOMP
• 1997-12-22 Sold (Public Records) $29,500 Public Records
• 1997-11-05 Sold (Public Records) $48,000 Public Records
• 1997-04-19 Sold (Public Records) $24,023 Public Records

Property tax history

+0.8%/yr

Latest (2025): $796 · -53.4% YoY. Source: county tax records.