15891 Appoline St · Detroit, MI 48227

$79,000

4 bd · 1.0 ba · 1,238 sqft · SingleFamily public records · 10 Days on market

Built 1925 4,792 sqft lot Est $67k · 18% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity-MASSIVE BRICK BUNGALOW, newer roof and vinyl windows. Gorgeous 3bed/2 full bath brick bungalow on a fenced, corner lot. Home features hardwood flooring and an efficient floorplan with full baths on both the main level and upper bungalow. Interior features include a large living room with tons of natural light, formal dining room, kitchen with granite and newer cabinets. Full Basement is partially finished and features a dedicated laundry area. Exterior features include a large covered front porch, hardwood floors, 2 full baths and the partially finished basement. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Call/Text for showings.

Key facts

• Hardwood flooring
• Brick bungalow
• Vinyl windows

Tags

• BRICK BUNGALOW
• NEWER ROOF
• VINYL WINDOWS
• HARDWOOD FLOORING
• FENCED CORNER LOT
• LARGE LIVING ROOM

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two-story with ground-level entry and steps; Brick exterior
• Construction: Block foundation
• Exterior features: Paved road access; Lot roughly 43 x 108 feet (about 0.11 acres)

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating powered by natural gas; No central cooling
• Interior features: Full, unfinished basement; Seven total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $566 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Cap rate 14.9% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.6%/yr); 385 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,408/mo this rent would consume 46% of the median local household income ($37k/yr) (locally 2371% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 6y ago; this cycle's ask has dropped $20k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $68k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,000

Questions for the listing agent

1. Built in 1925 — 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: 1.78% ✓
• Cap rate: 14.89%
• Cash-on-cash: 30.71%
• DSCR: 2.37
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $66,852
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15771 Birwood St	0.36mi	3/1.5 (-1)	1,290 (+4%)	0mo	$128,995	$100	69
16516 Appoline St	0.23mi	3/1.0 (-1)	1,350 (+9%)	1mo	$39,500	$29	68
16180 Snowden St	0.33mi	3/1.0 (-1)	1,137 (-8%)	0mo	$61,000	$54	66
15824 Snowden St	0.31mi	3/1.0 (-1)	1,127 (-9%)	0mo	$61,000	$54	65
15824 Snowden St	0.31mi	3/1.0 (-1)	1,127 (-9%)	0mo	$61,000	$54	65
16176 Tracey St	0.49mi	3/2.0 (-1)	1,270 (+3%)	0mo	$70,000	$55	64
16800 Ilene St	0.59mi	3/2.5 (-1)	1,298 (+5%)	1mo	$210,000	$162	52
14931 Monte Vista St	0.67mi	3/1.5 (-1)	1,307 (+6%)	0mo	$35,000	$27	52
15770 Stansbury St	0.59mi	3/1.0 (-1)	1,100 (-11%)	1mo	$50,000	$45	48
17147 Appoline St	0.58mi	3/2.0 (-1)	1,100 (-11%)	1mo	$170,000	$155	44
14889 Manor St	0.71mi	4/2.5	1,375 (+11%)	0mo	$159,000	$116	42
14905 Littlefield St	0.75mi	3/1.0 (-1)	1,368 (+10%)	1mo	$52,000	$38	42

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 · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 28.4%
• Equity multiple: 2.22×
• Total profit: $27,037
• Equity at exit: $11,779

10-year hold

• IRR: 37.3%
• Equity multiple: 4.90×
• Total profit: $86,338
• Equity at exit: $6,830

Cash invested: $22,120 (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 48227

• Rents YoY: 5.6%
• Active inventory: 385
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,408 high
• Mortgage (P&I): −$414
• Tax est. 1.5%: −$99 /mo · $1,185/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $566

Break-even live

Break-even rent $691

Max offer price $79,000

Occupancy floor 55%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16204 Steel St Detroit, MI	3.0	1.0	969	$1,150	$1.19	43d	1	0.15mi
15738 Sorrento Ave Detroit, MI	3.0	1.0	762	$1,175	$1.54	43d	1	0.19mi
15708 Birwood St Detroit, MI	3.0	1.0	1255	$1,100	$0.88	5d	1	0.41mi
16505 Stansbury St Detroit, MI	3.0	1.0	1100	$1,250	$1.14	11d	1	0.64mi
15387 Lesure St Detroit, MI	3.0	1.0	1064	$1,350	$1.27	12d	1	0.66mi
16889 Washburn St Detroit, MI	3.0	1.5	1300	$1,100	$0.85	17d	1	0.67mi
16183 Wisconsin St Detroit, MI	3.0	1.5	1370	$1,400	$1.02	43d	1	0.73mi
14881 Mendota St Detroit, MI	3.0	1.0	1026	$1,100	$1.07	24d	1	0.75mi
14847 Cheyenne St Detroit, MI	3.0	2.0	849	$1,150	$1.35	17d	1	0.78mi
14891 Hartwell St Detroit, MI	3.0	1.0	1000	$1,150	$1.15	43d	1	0.80mi
15762 Mark Twain St Detroit, MI	3.0	2.0	1430	$1,250	$0.87	16d	1	0.81mi
14903 Tracey St Detroit, MI	3.0	1.0	1004	$1,100	$1.10	16d	1	0.85mi
17540 Pinehurst St Detroit, MI	3.0	1.0	1200	$1,395	$1.16	43d	1	0.86mi
15457 Cloverlawn St Detroit, MI	3.0	2.0	1500	$1,275	$0.85	24d	1	0.97mi
18010 Lesure St Detroit, MI	3.0	1.0	1010	$1,550	$1.53	24d	1	1.07mi
15810 Robson St Detroit, MI	3.0	1.0	1142	$1,500	$1.31	24d	1	1.11mi
14590 Ardmore St Detroit, MI	3.0	1.0	1200	$1,195	$1.00	2d	1	1.12mi
16151 Robson St Detroit, MI	3.0	1.0	1300	$1,525	$1.17	15d	1	1.14mi
15341 Lauder St Detroit, MI	4.0	1.5	1080	$1,475	$1.37	16d	1	1.15mi
14600 Strathmoor St Detroit, MI	4.0	1.0	1300	$1,450	$1.12	43d	1	1.22mi
14570 Cherrylawn St Detroit, MI	3.0	1.0	840	$1,250	$1.49	12d	1	1.23mi
16255 Lilac St Detroit, MI	3.0	1.0	1312	$1,394	$1.06	17d	1	1.24mi
15328 Coyle St Detroit, MI	3.0	1.0	1000	$1,450	$1.45	17d	1	1.24mi
Ohio St Unit 4 Detroit, MI	4.0	1.5	1400	$750	$0.54	43d	1	1.24mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,425	$1.43	12d	1	1.25mi
15330 Coyle St Unit 1 Detroit, MI	3.0	1.0	1000	$1,375	$1.38	24d	1	1.25mi
15330 Coyle St Unit 2 Detroit, MI	3.0	1.0	1000	$1,450	$1.45	24d	1	1.25mi
16722 Tuller St Detroit, MI	3.0	1.5	1100	$1,500	$1.36	16d	1	1.26mi
14550 Northlawn St Detroit, MI	3.0	2.0	950	$1,200	$1.26	16d	1	1.28mi
14284 Cruse St Detroit, MI	3.0	1.0	1121	$1,150	$1.03	16d	1	1.29mi
14656 Roselawn St Detroit, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.29mi
17368 Woodingham Dr Detroit, MI	3.0	1.5	1200	$1,800	$1.50	43d	1	1.32mi
7350 Globe St Detroit, MI	3.0	1.0	1000	$1,550	$1.55	3d	1	1.35mi
18257 Mark Twain St Detroit, MI	3.0	1.0	1185	$1,507	$1.27	16d	1	1.37mi
13965 Mendota St Detroit, MI	3.0	1.0	1222	$1,294	$1.06	17d	1	1.40mi
14242 Ohio St Detroit, MI	4.0	1.0	1400	$1,000	$0.71	43d	1	1.41mi
17163 Prairie St Unit 1B Detroit, MI	3.0	1.5	1317	$1,350	$1.03	43d	1	1.45mi
14814 Sussex St Unit 2 Detroit, MI	3.0	1.0	1100	$1,000	$0.91	43d	1	1.46mi
16582 Santa Rosa Dr Detroit, MI	3.0	1.0	1314	$1,399	$1.06	17d	1	1.49mi

Listing history 8 events

1. 2026-06-18
   days on market $79,000 Active 10 DOM
2. 2026-06-17
   days on market $79,000 Active 9 DOM
3. 2026-06-16
   days on market $79,000 Active 8 DOM
4. 2026-06-15
   days on market $79,000 Active 7 DOM
5. 2026-06-13
   days on market $79,000 Active 5 DOM
6. 2026-06-13
   pricedays on market $79,000 Active 4 DOM
7. 2026-06-08
   remarks 699-char remark

   Show marketing remark (757 chars)

   Investment Opportunity-MASSIVE BRICK BUNGALOW, newer roof and vinyl windows. Gorgeous 3bed/2 full bath brick bungalow on a fenced, corner lot. Home features hardwood flooring and an efficient floorplan with full baths on both the main level and upper bungalow. Interior features include a large living room with tons of natural light, formal dining room, kitchen with granite and newer cabinets. Full Basement is partially finished and features a dedicated laundry area. Exterior features include a large covered front porch, hardwood floors, 2 full baths and the partially finished basement. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Call/Text for showings.

8. 2026-06-08
   listed $99,000 Active 1 DOM

   Show marketing remark (757 chars)

   Investment Opportunity-MASSIVE BRICK BUNGALOW, newer roof and vinyl windows. Gorgeous 3bed/2 full bath brick bungalow on a fenced, corner lot. Home features hardwood flooring and an efficient floorplan with full baths on both the main level and upper bungalow. Interior features include a large living room with tons of natural light, formal dining room, kitchen with granite and newer cabinets. Full Basement is partially finished and features a dedicated laundry area. Exterior features include a large covered front porch, hardwood floors, 2 full baths and the partially finished basement. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Call/Text for showings.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,892
• − Mortgage interest: −$4,425
• − Property taxes: −$1,185
• − Insurance: −$395
• − Repairs & maintenance: −$1,351
• − Management: −$1,351
• − Depreciation: −$2,298
• Taxable income: $5,886
• Est. tax owed @ 24.0%: −$1,413
• After-tax cash flow: $5,380/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): 40,302
• Household income: $36,527
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 2371.0

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 (95%)
• Race & ethnicity: Black 95% Two or more races 3% White 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▼ -125.00%
• Current HPI: 186.4158
• Rent YoY: ▲ 5.59%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+397.5% since first listed

23 events — show timeline

• 2026-06-08 Listed $99,000 REALCOMP
• 2026-06-08 Listed $99,000 MiRealSource-MiMLS
• 2025-11-12 Listing Removed — MiRealSource-MiMLS
• 2025-11-12 Listing Removed — REALCOMP
• 2025-05-29 Price Changed $109,000 MiRealSource-MiMLS
• 2025-05-29 Price Changed $109,000 REALCOMP
• 2025-05-13 Listed $120,000 REALCOMP
• 2025-05-13 Listed $120,000 MiRealSource-MiMLS
• 2025-04-30 Listing Removed — MiRealSource-MiMLS
• 2025-04-30 Listing Removed — REALCOMP
• 2024-11-22 Listed $120,000 REALCOMP
• 2024-11-21 Listed $120,000 MiRealSource-MiMLS
• 2021-08-19 Sold (Public Records) $86,900 Public Records
• 2021-08-19 Sold (Public Records) $67,500 Public Records
• 2020-06-02 Sold (Public Records) $63,750 Public Records
• 2020-03-23 Sold (MLS) $16,000 MiRealSource-MiMLS
• 2020-03-23 Sold (MLS) $16,000 REALCOMP
• 2020-03-09 Pending — MiRealSource-MiMLS
• 2020-03-09 Pending — REALCOMP
• 2020-02-22 Price Changed $14,900 MiRealSource-MiMLS
• 2020-02-21 Price Changed $14,900 REALCOMP
• 2020-01-22 Listed $19,900 MiRealSource-MiMLS
• 2020-01-22 Listed $19,900 REALCOMP

Property tax history

+12.8%/yr

Latest (2025): $4,384 · +0.5% YoY. Source: county tax records.