2530 Fullerton St · Detroit, MI
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.2%
- 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 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- 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 +29.5/30.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- 1% rule +7.3/10.0
- Rent growth +4.0/5.0
- Livability +3.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$99,999
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller - open to all reasonable offers. Must sell!
Key facts
- Move-in ready
- Cozy breakfast nook
- Fully renovated
Tags
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 $358 ($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 rising fast (+6.1%/yr); 346 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 44% of the median local income ($33k/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 $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 6.1% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.
Negotiation context
- Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
- 5 sale attempts since 17y ago; this cycle's ask is 6150% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1922 — 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
- 1.23% ✓
- Cap rate
- 10.59%
- Cash-on-cash
- 15.36%
- DSCR
- 1.68
- GRM
- 6.8
CMA / ARV
- ARV (median comp)
- $34,539
- List price
- $99,999
- Delta
- 189.53%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2474 Sturtevant St | 0.08mi | 3/1.0 | 1,092 (-5%) | 4mo | $28,000 | $26 | 85 |
| 2268 Highland St | 0.27mi | 3/1.0 | 1,163 (+2%) | 0mo | $10,000 | $9 | 85 |
| 2509 Richton St | 0.24mi | 3/1.0 | 1,114 (-3%) | 2mo | $15,000 | $13 | 83 |
| 2401 Cortland St | 0.23mi | 3/1.0 | 1,176 (+3%) | 15mo | $18,000 | $15 | 73 |
| 2291 Tuxedo St | 0.47mi | 3/1.5 | 1,197 (+4%) | 4mo | $35,000 | $29 | 66 |
| 2420 Monterey St | 0.29mi | 3/1.0 | 1,080 (-6%) | 14mo | $48,000 | $44 | 66 |
| 3735 W Buena Vista St | 0.63mi | 3/1.5 | 1,213 (+6%) | 3mo | $164,900 | $136 | 56 |
| 2505 La Belle St | 0.59mi | 3/1.0 | 1,027 (-10%) | 2mo | $25,000 | $24 | 54 |
| 1689 Tyler St | 0.52mi | 3/1.5 | 1,260 (+10%) | 6mo | $77,300 | $61 | 52 |
| 2930 Waverly St | 0.39mi | 3/1.0 | 1,292 (+13%) | 16mo | $34,000 | $26 | 47 |
| 13141 Montville Pl | 0.28mi | 4/2.0 (+1) | 1,296 (+13%) | 15mo | $29,900 | $23 | 44 |
| 1563 W Buena Vista St | 0.65mi | 2/1.0 (-1) | 1,312 (+14%) | 18mo | $52,000 | $40 | 25 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 6.14% rent growth · sell at horizon
- IRR
- 9.3%
- Equity multiple
- 1.38×
- Total profit
- $10,600
- Equity at exit
- $14,910
- IRR
- 20.8%
- Equity multiple
- 3.00×
- Total profit
- $56,024
- Equity at exit
- $8,646
Cash invested: $28,000 (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 48238
- Home prices YoY
- -14.4%
- Rents YoY
- 6.1%
- Active inventory
- 346
- Price-to-rent
- 6.8×
Monthly cashflow live
- Estimated rent
- $1,228 high interval (Pro) →
- Mortgage (P&I)
- −$524
- Tax from tax record
- −$46 /mo · $547/yr
- Insurance
- −$42
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$258
- Net cashflow
- $358
Break-even live
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
- $25,000
- Closing costs
- $3,000
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2474 Fullerton St Detroit, MI | 3.0 | 1.0 | 1400 | $1,300 | $0.93 | 14d | 1 | 0.06mi |
| 2676 Sturtevant St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,000 | $1.00 | 24d | 1 | 0.15mi |
| 2638 Richton St Unit 2638 Richton Upper Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 43d | 1 | 0.20mi |
| 2285 Cortland St Detroit, MI | 2.0 | 1.0 | 900 | $1,000 | $1.11 | 16d | 1 | 0.29mi |
| 13639 La Salle Blvd Detroit, MI | 2.0 | 1.0 | 800 | $695 | $0.87 | 10d | 1 | 0.46mi |
| 3224 Monterey St Unit 2E Detroit, MI | 2.0 | 1.0 | 1200 | $1,350 | $1.12 | 43d | 1 | 0.47mi |
| 2433 Pasadena St Unit 2435 Detroit, MI | 2.0 | 1.0 | 700 | $1,025 | $1.46 | 43d | 1 | 0.51mi |
| 2023 Tuxedo St Detroit, MI | 2.0 | 1.0 | 950 | $1,050 | $1.11 | 24d | 1 | 0.52mi |
| 2634 Lawrence St Detroit, MI | 3.0 | 1.5 | 1388 | $1,600 | $1.15 | 1d | 1 | 0.56mi |
| 1926 Clements St Unit 1926 Detroit, MI | 3.0 | 1.0 | 1150 | $1,250 | $1.09 | 19d | 1 | 0.58mi |
| 1926 Clements St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 4d | 1 | 0.58mi |
| 3740 Tyler St Unit 1 Detroit, MI | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 4d | 1 | 0.66mi |
| 3783 Tyler St Unit Lower Detroit, MI | 3.0 | 1.0 | 1000 | $1,150 | $1.15 | 43d | 1 | 0.69mi |
| 2653 Calvert Ave Unit 1 Detroit, MI | 3.0 | 1.0 | 1305 | $1,200 | $0.92 | 43d | 1 | 0.72mi |
| 3824 Tyler St Apt 1 Detroit, MI | 3.0 | 1.0 | 900 | $1,523 | $1.69 | 16d | 1 | 0.73mi |
| 2727 Calvert Ave Unit 1 Detroit, MI | 3.0 | 1.5 | 1350 | $1,200 | $0.89 | 43d | 1 | 0.73mi |
| 2925 Calvert St Detroit, MI | 3.0 | 1.0 | 1400 | $1,300 | $0.93 | 16d | 1 | 0.75mi |
| 2045 Calvert St Detroit, MI | 2.0 | 2.0 | 1400 | $1,600 | $1.14 | 43d | 1 | 0.78mi |
| 3224 Calvert St Detroit, MI | 3.0 | 1.0 | 1150 | $1,150 | $1.00 | 43d | 1 | 0.79mi |
| 3226 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,200 | $1.09 | 12d | 1 | 0.79mi |
| 2034 Ewald Cir Detroit, MI | 2.0 | 1.0 | 1000 | $995 | $0.99 | 4d | 1 | 0.79mi |
| 3266 Calvert Ave Fl 2 Detroit, MI | 3.0 | 1.0 | 1279 | $1,300 | $1.02 | 24d | 1 | 0.81mi |
| 1929 Calvert Ave Unit 2 Detroit, MI | 3.0 | 1.0 | 1414 | $1,199 | $0.85 | 14d | 1 | 0.83mi |
| 3812 W Grand St Detroit, MI | 2.0 | 1.0 | 1100 | $1,025 | $0.93 | 16d | 1 | 0.83mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 43d | 1 | 0.85mi |
| 4045 Clements St Detroit, MI | 3.0 | 1.0 | 850 | $1,150 | $1.35 | 24d | 1 | 0.85mi |
| 4203 Tyler St Detroit, MI | 2.0 | 1.0 | 950 | $895 | $0.94 | 43d | 1 | 0.86mi |
| 4268 Cortland St Unit 1 Detroit, MI | 2.0 | 1.0 | 1000 | $1,050 | $1.05 | 43d | 1 | 0.90mi |
| 4336 Buena Vista St Detroit, MI | 3.0 | 1.0 | 1300 | $1,100 | $0.85 | 43d | 1 | 0.98mi |
| 3295 Rochester St Unit 2 Detroit, MI | 2.0 | 1.0 | 782 | $850 | $1.09 | 43d | 1 | 0.99mi |
| 3295 Rochester St Unit 2 Detroit, MI | 2.0 | 1.0 | 800 | $1,000 | $1.25 | 4d | 1 | 0.99mi |
| 9844 Woodrow Wilson St Detroit, MI | 3.0 | 1.0 | 1187 | $1,300 | $1.10 | 12d | 1 | 1.01mi |
| 4287 W Grand St Unit 4289 Detroit, MI | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 43d | 1 | 1.02mi |
| 1427 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,750 | $1.59 | 43d | 1 | 1.04mi |
| 1427 Calvert Ave Detroit, MI | 3.0 | 1.0 | 1100 | $1,850 | $1.68 | 24d | 1 | 1.04mi |
| 11704 Broadstreet Ave Detroit, MI | 3.0 | 1.0 | 1200 | $1,050 | $0.88 | 43d | 1 | 1.10mi |
| 3422 Edison St Detroit, MI | 3.0 | 1.0 | 1300 | $1,295 | $1.00 | 16d | 1 | 1.12mi |
| 1251 Glynn Ct Detroit, MI | 2.0 | 1.0 | 705 | $1,288 | $1.83 | 2d | 2 | 1.12mi |
| 15345 Parkside St Detroit, MI | 3.0 | 1.0 | 1152 | $1,300 | $1.13 | 43d | 1 | 1.22mi |
| 127 W Buena Vista St Unit 129 Highland Park, MI | 2.0 | 1.0 | 800 | $1,000 | $1.25 | 43d | 1 | 1.23mi |
Listing history 27 events
-
2026-06-19days on market $99,999 Active 1 DOM
-
2026-06-17days on market $99,999 Active 182 DOM
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2026-06-15days on market $99,999 Active 180 DOM
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2026-06-13days on market $99,999 Active 178 DOM
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2026-06-13days on market $99,999 Active 177 DOM
-
2026-06-09days on market $99,999 Active 174 DOM
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2026-06-08days on market $99,999 Active 173 DOM
-
2026-06-07days on market $99,999 Active 172 DOM
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2026-06-04days on market $99,999 Active 169 DOM
-
2026-06-03days on market $99,999 Active 168 DOM
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2026-06-01days on market $99,999 Active 166 DOM
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2026-05-31days on market $99,999 Active 165 DOM
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2026-05-16price $1,500
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2026-05-13$1,600
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2026-05-07price $99,999 985-char remark
Show marketing remark (985 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller - open to all reasonable offers. Must sell!
-
2026-05-06price $99,999 963-char remark
Show marketing remark (963 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller — open to all reasonable offers. Must sell!
-
2026-04-13price $104,999 985-char remark
Show marketing remark (963 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller — open to all reasonable offers. Must sell!
-
2026-04-13price $104,999 963-char remark
Show marketing remark (963 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller — open to all reasonable offers. Must sell!
-
2026-01-28price $109,999 985-char remark
Show marketing remark (985 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller - open to all reasonable offers. Must sell!
-
2026-01-27price $109,999 963-char remark
Show marketing remark (963 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller — open to all reasonable offers. Must sell!
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2025-12-18$115,000 Active 985-char remark
Show marketing remark (963 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller — open to all reasonable offers. Must sell!
-
2025-12-18$115,000 Active 963-char remark
Show marketing remark (963 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller — open to all reasonable offers. Must sell!
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2025-12-17historical $115,000 985-char remark
Show marketing remark (985 chars)
Welcome to this beautifully fully renovated 3-bedroom, 1-bath home located in a growing Detroit neighborhood. This property is move-in ready and perfect for homeowners or investors seeking a turnkey rental opportunity. Key Features: 3 spacious bedrooms with great natural light, 1 updated full bathroom, Formal dining room – ideal for entertaining, Renovated kitchen with modern finishes, Cozy breakfast nook for casual dining, Full basement – perfect for storage or future finishing Recent Updates: Newer flooring throughout, Fresh interior paint, Updated kitchen and bath, Modern lighting and fixtures, Mechanicals updated (buyer to verify) With strong rental demand in the area, this property can generate approximately $1,250+ per month, making it a great addition to any portfolio. Convenient location near schools, shopping, and major roads with easy access to downtown Detroit. Motivated seller - open to all reasonable offers. Must sell!
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2009-11-06historical
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2009-08-14$1,366
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2009-03-05historical
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2009-01-31$3,500
ⓘ 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
- $547 · $46/mo
- Projected year-2 tax
- $1,044 · $87/mo
- Expected delta
- +$496/yr (+$41/mo · 90.7%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥97°F today · 14 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 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
- $14,737
- − Mortgage interest
- −$5,601
- − Property taxes
- −$547
- − Insurance
- −$500
- − Repairs & maintenance
- −$1,179
- − Management
- −$1,179
- − Depreciation
- −$2,909
- Taxable income
- $2,821
- Est. tax owed @ 24.0%
- −$677
- After-tax cash flow
- $3,625/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)
- 24,731
- Household income
- $33,315
- Rent vs Own
- Severe rent burden
- 2172.0
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (94%)
- Race & ethnicity
- Black 94% Two or more races 3% White 1%
- Foreign-born
- 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
- ▼ -31.96%
- Current HPI
- 189.6227
- Rent YoY
- ▲ 6.14%
- 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
-57.1% since first listed15 events — show timeline
- 2026-05-16 Price Changed $1,500 RENTEC
- 2026-05-13 Listed for Rent $1,600 RENTEC
- 2026-05-07 Price Changed $99,999 MiRealSource-MiMLS
- 2026-05-06 Price Changed $99,999 REALCOMP
- 2026-04-13 Price Changed $104,999 MiRealSource-MiMLS
- 2026-04-13 Price Changed $104,999 REALCOMP
- 2026-01-28 Price Changed $109,999 MiRealSource-MiMLS
- 2026-01-27 Price Changed $109,999 REALCOMP
- 2025-12-18 Listed $115,000 MiRealSource-MiMLS
- 2025-12-18 Listed $115,000 REALCOMP
- 2025-12-17 Coming Soon $115,000 MiRealSource-MiMLS
- 2009-11-06 Listing Removed — REALCOMP
- 2009-08-14 Listed $1,366 REALCOMP
- 2009-03-05 Listing Removed — REALCOMP
- 2009-01-31 Listed $3,500 REALCOMP
Property tax history
-3.2%/yrLatest (2025): $547 · +128.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…