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2530 Fullerton St
B- Composite 65.79
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

2530 Fullerton St · Detroit, MI 48238
3 bd · 1.0 ba · 1,146 sqft · SingleFamily public records · 1 Days on market
Built 1922 4,356 sqft lot $87/sqft · 135% above area ↓ 57% since listing

🖨 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

FULLY RENOVATEDMOVE-IN READYTURNKEY RENTAL OPPORTUNITYFORMAL DINING ROOMRENOVATED KITCHENCOZY BREAKFAST NOOK

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 $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.
Recommended offer $99,999

Questions for the listing agent

  1. Built in 1922 — 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. 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
1.23%
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

5-year hold
IRR
9.3%
Equity multiple
1.38×
Total profit
$10,600
Equity at exit
$14,910
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $774
Max offer price $99,999
Occupancy floor 66%

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

AddressBedsBaths SqftRent$/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

  1. 2026-06-19
    days on marketlisting id $99,999 Active 1 DOM
  2. 2026-06-17
    days on market $99,999 Active 182 DOM
  3. 2026-06-15
    days on market $99,999 Active 180 DOM
  4. 2026-06-13
    days on market $99,999 Active 178 DOM
  5. 2026-06-13
    days on market $99,999 Active 177 DOM
  6. 2026-06-09
    days on market $99,999 Active 174 DOM
  7. 2026-06-08
    days on market $99,999 Active 173 DOM
  8. 2026-06-07
    days on market $99,999 Active 172 DOM
  9. 2026-06-04
    days on market $99,999 Active 169 DOM
  10. 2026-06-03
    days on market $99,999 Active 168 DOM
  11. 2026-06-01
    days on market $99,999 Active 166 DOM
  12. 2026-05-31
    days on market $99,999 Active 165 DOM
  13. 2026-05-16
    price $1,500
  14. 2026-05-13
    listed $1,600
  15. 2026-05-07
    price $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!

  16. 2026-05-06
    price $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!

  17. 2026-04-13
    price $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!

  18. 2026-04-13
    price $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!

  19. 2026-01-28
    price $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!

  20. 2026-01-27
    price $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!

  21. 2025-12-18
    listed $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!

  22. 2025-12-18
    listed $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!

  23. 2025-12-17
    historical $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!

  24. 2009-11-06
    historical
  25. 2009-08-14
    listed $1,366
  26. 2009-03-05
    historical
  27. 2009-01-31
    listed $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
combined federal + state — saved on this device
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

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)
24,731
Household income
$33,315
Rent vs Own
53.0% rent · 47.0% 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

Price history

-57.1% since first listed
15 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%/yr

Latest (2025): $547 · +128.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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