CashFlowRE
Sign in Sign up
14593 Superior St
C- Composite 53.87
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 +19.3/30.0
  • ARV discount +10.3/15.0
  • DSCR +6.1/10.0
  • 1% rule +5.5/10.0
  • Livability +4.2/5.0
  • Rent growth +3.5/5.0
  • Schools +2.5/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$159,900

14593 Superior St · Southgate, MI 48195
3 bd · 1.0 ba · 1,070 sqft · SingleFamily public records · 15 Days on market
Built 1951 5,227 sqft lot $149/sqft · at area comps Est $170k · 6% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

Key facts

  • 5,227 sq ft lot
  • Built 1951
  • Listed 15 days

Property features AI

Exterior

  • Parking: No garage
  • Utilities: Public water; Public sewer
  • Home design: Single family residence; One and one-half stories; Ground-level entry with steps; Aluminum siding
  • Construction: Asphalt roof; Aluminum siding construction; Unfinished basement
  • Exterior features: Porch; Fenced yard; Paved road access

Interior

  • Kitchen: Free-standing gas range; Free-standing refrigerator; Dishwasher; Microwave; Disposal; Stainless steel appliances
  • Bathrooms: 1 full bathroom
  • Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
  • Interior features: Dishwasher; Disposal; Microwave; Stainless steel appliances; Gas water heater

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

  • At list price, monthly cash flow is $175 ($2k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $160k).
  • Recommended offer: $158k (1.5% below list) — sets the bar for market timing.
  • Cap rate 7.6% vs local median 5.2% in Southgate — 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 85/100 on livability (#29 in MI, #582 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D, crime D-.
  • Southgate Community School District (suburban): math 21% / reading 36% proficiency, ranked #379 of 540 in MI (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Market conditions: Rents rising fast (+4.0%/yr); 115 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
  • This rent runs 30% of the median local income ($66k/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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

  • It's been on market 15 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
  • 8 sale attempts since 23y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $109k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $157,501 (1.5% below list)

Questions for the listing agent

  1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  4. Crime grade is D 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?
  5. 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.
  6. 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.
  7. 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
1.05%
Cap rate
7.61%
Cash-on-cash
4.69%
DSCR
1.21
GRM
7.9

CMA / ARV

ARV (median comp)
$170,369
List price
$159,900
Delta
-6.15%
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
13550 Karl St 0.22mi 3/1.0 1,116 (+4%) 7mo $190,000 $170 76
14706 Eureka Rd 0.47mi 3/1.0 1,088 (+2%) 2mo $192,000 $176 73
13080 Poplar St 0.43mi 3/1.0 1,120 (+5%) 1mo $227,500 $203 71
14834 Kennebec St 0.44mi 3/1.0 1,088 (+2%) 7mo $160,000 $147 71
14620 Trenton Rd 0.54mi 3/1.0 1,100 (+3%) 6mo $172,000 $156 65
13668 Agnes St 0.35mi 3/1.5 1,180 (+10%) 0mo $180,000 $153 64
14559 Balsam St 0.58mi 3/1.0 1,026 (-4%) 2mo $165,000 $161 64
13054 Agnes St 0.57mi 3/2.0 1,100 (+3%) 5mo $197,900 $180 61
15338 Helen St 0.74mi 3/1.0 1,096 (+2%) 4mo $160,000 $146 59
14567 Longtin St 0.51mi 3/1.0 1,188 (+11%) 3mo $159,000 $134 55
15110 Drake St 0.64mi 3/1.5 972 (-9%) 2mo $155,000 $159 51
14420 Trenton Rd 0.48mi 2/1.0 (-1) 910 (-15%) 3mo $165,000 $181 45

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 · 4.04% rent growth · sell at horizon

5-year hold
IRR
-7.8%
Equity multiple
0.71×
Total profit
$-12,941
Equity at exit
$23,842
10-year hold
IRR
3.2%
Equity multiple
1.24×
Total profit
$10,732
Equity at exit
$13,825

Cash invested: $44,772 (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.

ZIP-level market 48195

Rents YoY
4.0%
Active inventory
115
Price-to-rent
7.9×

Monthly cashflow live

Estimated rent
$1,678 high interval (Pro) →
Mortgage (P&I)
$839
Tax from tax record
$246 /mo · $2,948/yr
Insurance
$67
HOA
$0
Vacancy / Maint / Mgmt
$352
Net cashflow
$175

Break-even live

Break-even rent $1,457
Max offer price $159,900
Occupancy floor 85%

Sensitivity live

Price -10% $265 -5% $220 +0% $175 +5% $130 +10% $84
Rent -10% $42 -5% $109 +0% $175 +5% $241 +10% $308
Rate -1.0pp $255 -0.5pp $216 base $175 +0.5pp $134 +1.0pp $91

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
$39,975
Closing costs
$4,797
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 12 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
13750 Village Green Blvd Southgate, MI 1.0–2.0 1.0 862 $1,620 $1.88 0d 10 0.41mi
13165 Turnberry Ct Southgate, MI 2.0 2.0 1275 $1,795 $1.41 5d 1 0.53mi
13165 Turnberry Ct Southgate, MI 2.0 2.0 1275 $1,795 $1.41 44d 1 0.53mi
13210 Village Park Dr Southgate, MI 2.0 1.0 630 $1,125 $1.78 0d 9 0.69mi
12939 Devoe St Southgate, MI 3.0 1.0 1177 $1,695 $1.44 44d 1 0.78mi
13185 Sycamore St Southgate, MI 3.0 1.0 1080 $1,700 $1.57 25d 1 0.97mi
13020 Pullman St Southgate, MI 4.0 1.0 1050 $1,550 $1.48 3d 1 1.00mi
13861 Strathcona St Southgate, MI 1.0–2.0 1.0–1.5 797 $1,140 $1.43 0d 5 1.12mi
4163 Burns Ave Lincoln Park, MI 3.0 1.0 900 $1,500 $1.67 2d 1 1.29mi
11400 Fordline St Allen Park, MI 1.0–2.0 1.0 880 $1,400 $1.59 0d 1 1.30mi
1760 Saint Johns Blvd Apt 14 Lincoln Park, MI 2.0 1.0 750 $995 $1.33 25d 1 1.45mi
1750 Saint Johns Blvd Unit 17 Lincoln Park, MI 2.0 1.0 750 $1,025 $1.37 25d 1 1.45mi

Listing history 23 events

  1. 2026-05-13
    status Pending 1462-char remark
    Show marketing remark (1462 chars)

    Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

  2. 2026-05-13
    status Pending 1462-char remark
    Show marketing remark (1462 chars)

    Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

  3. 2026-05-06
    price $159,900 1462-char remark
    Show marketing remark (1462 chars)

    Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

  4. 2026-05-06
    price $159,900 1462-char remark
    Show marketing remark (1462 chars)

    Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

  5. 2026-04-29
    listed $169,900 Active 1462-char remark
    Show marketing remark (1462 chars)

    Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

  6. 2026-04-29
    listed $169,900 Active 1462-char remark
    Show marketing remark (1462 chars)

    Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

  7. 2026-04-27
    historical $169,900 1462-char remark
    Show marketing remark (1462 chars)

    Priced to Sell!! Welcome to 14593 Superior Street in Southgate, a move-in ready 3-bedroom bungalow offering 1,170 square feet of updated living space on a desirable corner lot. This home features strong curb appeal with a new concrete porch and walkway, fresh exterior paint, new gutters, and a fully fenced yard. Inside, the home has been completely refreshed with new luxury vinyl plank flooring throughout and fresh interior paint, creating a bright and clean atmosphere. The main level includes a spacious living room filled with natural light, two bedrooms, a full bathroom, and an updated kitchen featuring new cabinetry, updated countertops, and stainless steel appliances including a gas range, refrigerator, microwave, and dishwasher. The upper level provides a large third bedroom or flexible space ideal for a home office, guest room, or additional living area. The full unfinished basement offers excellent storage or future finishing potential. Additional updates include recessed lighting, a new hot water tank, and a new entry door. Newly seeded backyard that is fully fenced, offering a functional outdoor space. A Certificate of Occupancy is provided by the seller, and immediate occupancy at closing makes this home an excellent option for buyers seeking a turnkey property. Located in the Southgate School District with convenient access to shopping, dining, and major roads, this home combines value, updates, and location in one opportunity.

  8. 2026-01-20
    soldstatus $109,000 Closed
    Show marketing remark (439 chars)

    No updates needed - this home has been completely redone for you. All the big-ticket items have been updated within the last few years, giving you peace of mind from day one. The only thing left is to finish the basement to your liking and add your personal touch to the landscaping. And let's not forget - you're getting a 3-bedroom home at this price, with all appliances included. Truly an incredible value for a fully updated property!

  9. 2026-01-20
    soldstatus $109,000 Closed
    Show marketing remark (439 chars)

    No updates needed - this home has been completely redone for you. All the big-ticket items have been updated within the last few years, giving you peace of mind from day one. The only thing left is to finish the basement to your liking and add your personal touch to the landscaping. And let's not forget - you're getting a 3-bedroom home at this price, with all appliances included. Truly an incredible value for a fully updated property!

  10. 2026-01-05
    status Pending
    Show marketing remark (439 chars)

    No updates needed - this home has been completely redone for you. All the big-ticket items have been updated within the last few years, giving you peace of mind from day one. The only thing left is to finish the basement to your liking and add your personal touch to the landscaping. And let's not forget - you're getting a 3-bedroom home at this price, with all appliances included. Truly an incredible value for a fully updated property!

  11. 2026-01-05
    status Pending
    Show marketing remark (439 chars)

    No updates needed - this home has been completely redone for you. All the big-ticket items have been updated within the last few years, giving you peace of mind from day one. The only thing left is to finish the basement to your liking and add your personal touch to the landscaping. And let's not forget - you're getting a 3-bedroom home at this price, with all appliances included. Truly an incredible value for a fully updated property!

  12. 2025-12-03
    listed $120,000 Active
    Show marketing remark (439 chars)

    No updates needed - this home has been completely redone for you. All the big-ticket items have been updated within the last few years, giving you peace of mind from day one. The only thing left is to finish the basement to your liking and add your personal touch to the landscaping. And let's not forget - you're getting a 3-bedroom home at this price, with all appliances included. Truly an incredible value for a fully updated property!

  13. 2025-12-03
    listed $120,000 Active
    Show marketing remark (439 chars)

    No updates needed - this home has been completely redone for you. All the big-ticket items have been updated within the last few years, giving you peace of mind from day one. The only thing left is to finish the basement to your liking and add your personal touch to the landscaping. And let's not forget - you're getting a 3-bedroom home at this price, with all appliances included. Truly an incredible value for a fully updated property!

  14. 2025-12-01
    historical $120,000
    Show marketing remark (439 chars)

    No updates needed - this home has been completely redone for you. All the big-ticket items have been updated within the last few years, giving you peace of mind from day one. The only thing left is to finish the basement to your liking and add your personal touch to the landscaping. And let's not forget - you're getting a 3-bedroom home at this price, with all appliances included. Truly an incredible value for a fully updated property!

  15. 2011-02-10
    soldstatus $19,000
  16. 2011-02-10
    soldstatus $19,000
  17. 2010-12-23
    listed $22,500
  18. 2010-12-23
    listed $22,500
  19. 2004-10-24
    historical
  20. 2004-10-24
    historical
  21. 2003-11-24
    listed $95,900
  22. 2003-11-24
    listed $95,900
  23. 1992-10-08
    soldstatus $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
$2,948 · $246/mo
Projected year-2 tax
$2,948 · $246/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 · 5 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
$20,138
− Mortgage interest
−$8,957
− Property taxes
−$2,948
− Insurance
−$800
− Repairs & maintenance
−$1,611
− Management
−$1,611
− Depreciation
−$4,652
Taxable loss
−$440
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$106
After-tax cash flow
$2,205/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
Southgate Community School District
NCES district ID
2632340
Math proficiency
21% ▼ -8.00%
Reading proficiency
36% ▬ 0.00%
Median HH income
$49,234
Composite
24.83/100
National rank
#7591
State rank
#379 of 540 in MI

Livability — Southgate

Score
85/100
State rank
#29
US rank
#582

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime D- Employment B- Housing A+ Health & safety B- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Southgate, MI
County
Wayne County · 1,562,939 people
City population
29,366
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
29,366
Household income
$66,118
Rent vs Own
32.8% rent · 67.2% own
Severe rent burden
727.0

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 White (75%)
Race & ethnicity
White 75% Hispanic / Latino 11% Black 8% Two or more races 8% Asian 3%
Hispanic origin (detail)
Mexican 8% Puerto Rican 1%
Common ancestry
Romanian 9% Lithuanian 3% Slovak 3%
Foreign-born
6% · Canada, China
Languages at home
90% English-only · Other Indo-European 4% Spanish 3% Other Asian/Pacific 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
▼ -187.28%
Current HPI
207.9776
Rent YoY
▲ 4.04%
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

Price history

+1499.0% since first listed
23 events — show timeline
  • 2026-05-13 Pending MiRealSource-MiMLS
  • 2026-05-13 Pending REALCOMP
  • 2026-05-06 Price Changed $159,900 MiRealSource-MiMLS
  • 2026-05-06 Price Changed $159,900 REALCOMP
  • 2026-04-29 Listed $169,900 MiRealSource-MiMLS
  • 2026-04-29 Listed $169,900 REALCOMP
  • 2026-04-27 Coming Soon $169,900 MiRealSource-MiMLS
  • 2026-01-20 Sold (MLS) $109,000 REALCOMP
  • 2026-01-20 Sold (MLS) $109,000 MiRealSource-MiMLS
  • 2026-01-05 Pending MiRealSource-MiMLS
  • 2026-01-05 Pending REALCOMP
  • 2025-12-03 Listed $120,000 MiRealSource-MiMLS
  • 2025-12-03 Listed $120,000 REALCOMP
  • 2025-12-01 Coming Soon $120,000 MiRealSource-MiMLS
  • 2011-02-10 Sold (MLS) $19,000 REALCOMP
  • 2011-02-10 Sold (MLS) $19,000 MiRealSource-MiMLS
  • 2010-12-23 Listed $22,500 REALCOMP
  • 2010-12-23 Listed $22,500 MiRealSource-MiMLS
  • 2004-10-24 Listing Removed REALCOMP
  • 2004-10-24 Listing Removed MiRealSource-MiMLS
  • 2003-11-24 Listed $95,900 REALCOMP
  • 2003-11-24 Listed $95,900 MiRealSource-MiMLS
  • 1992-10-08 Sold (Public Records) $10,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $2,948 · +34.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…