1315 Newport St · Detroit, MI 48215

$12,000

4 bd · 1.0 ba · 1,364 sqft · SingleFamily public records · 5 Days on market

Built 1913 3,920 sqft lot $9/sqft · 96% below area ↓ 33% since listing

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special! Solid 4-bedroom, 1-bathroom colonial on Detroit's east side, just minutes from Kercheval and Jefferson. Layout features a large living room, formal dining area, and full kitchen on the main level with all four bedrooms and full bath upstairs, offering great rental or flip potential. Property needs work and is priced accordingly, giving investors a chance to add value through rehab and updates. Prime location near the Jefferson/Chalmers and Kercheval corridors, close to neighborhood retail, dining, and easy access to downtown and Grosse Pointe. Located in a federally designated Opportunity Zone (per public maps); buyers and their advisors to verify all information, zoning, and incentives independently.

Key facts

• Full kitchen
• Large living room
• Formal dining area

Tags

• LARGE LIVING ROOM
• FORMAL DINING AREA
• FULL KITCHEN
• PRIME LOCATION
• EASY ACCESS TO DOWNTOWN

Property features AI

Finance

• Other: Information not provided
• Financial info: Information not provided
• HOA & community: Information not provided

Exterior

• Parking: No garage
• Security: Information not provided
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Ground-level entry
• Construction: Wood siding; Brick/mortar foundation; Above-grade finished area approximately 1,364
• Exterior features: Paved road access; Lot approximately 0.09 acres (30 x 123)

Interior

• Kitchen: Information not provided
• Bedrooms: Information not provided
• Flooring: Information not provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Total of 7 rooms
• Laundry & utility: Information not provided

🏷️ Possibly a rental listed for sale. The $12,000 price doesn't fit this home's estimated sale value (~$267,732) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $12k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $12k).
• Cap rate 116.0% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 137 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $83 of loan paydown is wiped out by about $360 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 + 3.0% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $10k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $12,000

Questions for the listing agent

1. Built in 1913 — 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 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?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 12.45% ✓
• Cap rate: 116.00%
• Cash-on-cash: 391.81%
• DSCR: 18.43
• GRM: 0.7

CMA / ARV

• ARV (median comp): $267,732
• List price: $12,000
• Delta: -94.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1315 Newport St	0.00mi	4/1.0	1,364 (0%)	0mo	$10,000	$7	100
1060 Chalmers St	0.28mi	4/1.5	1,368 (+0%)	8mo	$36,890	$27	78
1075 Wayburn St	0.45mi	3/1.0 (-1)	1,400 (+3%)	8mo	$275,000	$196	63
760 Algonquin St	0.70mi	3/1.0 (-1)	1,366 (+0%)	10mo	$70,900	$52	54
1332 Wayburn St	0.59mi	3/1.0 (-1)	1,248 (-8%)	3mo	$335,000	$268	51
1053 Wayburn St	0.46mi	5/1.5 (+1)	1,532 (+12%)	1mo	$200,000	$131	50
1318 Maryland St	0.62mi	3/1.5 (-1)	1,450 (+6%)	7mo	$345,000	$238	48
809 Algonquin St	0.69mi	3/1.0 (-1)	1,300 (-5%)	9mo	$67,500	$52	48
1429 Maryland St	0.72mi	4/2.0	1,512 (+11%)	0mo	$270,000	$179	44
1032 Beaconsfield Ave	0.69mi	3/2.5 (-1)	1,476 (+8%)	4mo	$229,900	$156	39
591 Chalmers St	0.66mi	3/1.5 (-1)	1,556 (+14%)	1mo	$50,000	$32	38
3111 Lenox St	0.73mi	3/1.0 (-1)	1,200 (-12%)	9mo	$25,000	$21	34

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 21.22×
• Total profit: $67,950
• Equity at exit: $1,789

10-year hold

• IRR: —
• Equity multiple: 45.41×
• Total profit: $149,233
• Equity at exit: $1,038

Cash invested: $3,360 (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 48215

• Home prices YoY: -24.1%
• Active inventory: 137
• Price-to-rent: 0.7×

Monthly cashflow live

• Estimated rent: $1,494 high
• Mortgage (P&I): −$63
• Tax est. 1.5%: −$15 /mo · $180/yr
• Insurance: −$5
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $1,097

Break-even live

Break-even rent $105

Max offer price $12,000

Occupancy floor 22%

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: $3,000
• Closing costs: $360
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
875 Philip St Detroit, MI	3.0	1.0	1353	$1,400	$1.03	43d	1	0.43mi
1042 Wayburn St Grosse Pointe Park, MI	3.0	1.0	1000	$1,575	$1.57	4d	1	0.48mi
1348 Wayburn St Grosse Pointe, MI	3.0	2.0	1035	$2,200	$2.13	24d	1	0.60mi
734 Ashland St Detroit, MI	3.0	1.0	1110	$1,300	$1.17	23d	1	0.62mi
734 Ashland St Detroit, MI	3.0	1.0	1110	$1,300	$1.17	21d	1	0.62mi
4251 Wayburn St Detroit, MI	3.0	1.5	1326	$1,650	$1.24	43d	1	1.10mi
3625 Chatsworth St Detroit, MI	3.0	1.5	1182	$1,295	$1.10	24d	1	1.12mi
3651 Buckingham Ave Detroit, MI	3.0	1.0	1320	$1,300	$0.98	17d	1	1.22mi
3626 Courville St Detroit, MI	3.0	1.0	1260	$1,300	$1.03	43d	1	1.47mi

Listing history 21 events

1. 2026-06-03
   statusdays on market $12,000 Pending 5 DOM

   Show marketing remark (728 chars)

   Investor special! Solid 4-bedroom, 1-bathroom colonial on Detroit's east side, just minutes from Kercheval and Jefferson. Layout features a large living room, formal dining area, and full kitchen on the main level with all four bedrooms and full bath upstairs, offering great rental or flip potential. Property needs work and is priced accordingly, giving investors a chance to add value through rehab and updates. Prime location near the Jefferson/Chalmers and Kercheval corridors, close to neighborhood retail, dining, and easy access to downtown and Grosse Pointe. Located in a federally designated Opportunity Zone (per public maps); buyers and their advisors to verify all information, zoning, and incentives independently.

2. 2026-06-02
   days on market $12,000 Active 4 DOM
3. 2026-06-01
   days on market $12,000 Active 3 DOM
4. 2026-05-31
   days on market $12,000 Active 2 DOM
5. 2026-04-08
   listed $15,000 Active 734-char remark
6. 2026-04-08
   listed $15,000 Active 728-char remark
7. 2026-04-08
   historical
8. 2026-04-08
   historical
9. 2026-02-24
   listed $18,000 Active
10. 2026-02-24
    listed $18,000 Active
11. 2026-02-24
    historical
12. 2026-02-24
    historical
13. 2026-02-04
    status Active
14. 2026-02-04
    status Active
15. 2026-01-19
    historical Accepting Backup Offers
16. 2026-01-19
    historical Active Under Contract
17. 2026-01-10
    price $20,000
18. 2026-01-09
    price $20,000
19. 2025-12-04
    listed $28,000 Active
20. 2025-12-04
    listed $28,000 Active
21. 2002-07-01
    soldstatus $15,000

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 14 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

Taxation est. · year 1

• Rental income: $17,924
• − Mortgage interest: −$672
• − Property taxes: −$180
• − Insurance: −$60
• − Repairs & maintenance: −$1,434
• − Management: −$1,434
• − Depreciation: −$349
• Taxable income: $13,795
• Est. tax owed @ 24.0%: −$3,311
• After-tax cash flow: $9,854/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
• City population: 572,865
• Population (ZIP): 10,238

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 (87%)
• Race & ethnicity: Black 87% White 9% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Romanian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% 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: ▼ -60.84%
• Current HPI: 191.0405
• Rent YoY: —
• Metro: —
• 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

-33.3% since first listed

25 events — show timeline

• 2026-06-05 Sold (MLS) $10,000 REALCOMP
• 2026-06-05 Sold (MLS) $10,000 MiRealSource-MiMLS
• 2026-06-03 Pending — MiRealSource-MiMLS
• 2026-06-03 Pending — REALCOMP
• 2026-05-29 Listing Removed — MiRealSource-MiMLS
• 2026-05-29 Listing Removed — REALCOMP
• 2026-05-29 Listed $12,000 REALCOMP
• 2026-05-29 Listed $12,000 MiRealSource-MiMLS
• 2026-04-08 Listed $15,000 REALCOMP
• 2026-04-08 Listing Removed — MiRealSource-MiMLS
• 2026-04-08 Listing Removed — REALCOMP
• 2026-04-08 Listed $15,000 MiRealSource-MiMLS
• 2026-02-24 Listing Removed — MiRealSource-MiMLS
• 2026-02-24 Listing Removed — REALCOMP
• 2026-02-24 Listed $18,000 MiRealSource-MiMLS
• 2026-02-24 Listed $18,000 REALCOMP
• 2026-02-04 Relisted — MiRealSource-MiMLS
• 2026-02-04 Relisted — REALCOMP
• 2026-01-19 Contingent — MiRealSource-MiMLS
• 2026-01-19 Contingent — REALCOMP
• 2026-01-10 Price Changed $20,000 MiRealSource-MiMLS
• 2026-01-09 Price Changed $20,000 REALCOMP
• 2025-12-04 Listed $28,000 REALCOMP
• 2025-12-04 Listed $28,000 MiRealSource-MiMLS
• 2002-07-01 Sold (Public Records) $15,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $950 · +2.3% YoY. Source: county tax records.