6375 Radnor St · Detroit, MI 48224

$68,000

2 bd · 1.0 ba · 801 sqft · SingleFamily public records · 69 Days on market

Built 1939 5,227 sqft lot $85/sqft · 28% below area Est $94k · 28% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Excellent opportunity to purchase this two bedroom , one bathroom home in Detroit's 48224 zip code! The property is currently tenant occupied and rented for 1100/M.

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 1939

🏷️ Possibly a rental listed for sale. The $68,000 price doesn't fit this home's estimated sale value (~$94,177) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $482 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $64k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.8% 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 flat; 484 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• This rent runs 33% of the median local income ($45k/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 $470 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 + 0.7% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 30y ago 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.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $63,920 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.83% ✓
• Cap rate: 14.80%
• Cash-on-cash: 30.38%
• DSCR: 2.35
• GRM: 4.6

CMA / ARV

• ARV (median comp): $94,177
• List price: $68,000
• Delta: -27.80%
• 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
6156 Lodewyck St	0.16mi	3/1.0 (+1)	900 (+12%)	1mo	$51,000	$57	66
5955 Guilford St	0.55mi	3/1.0 (+1)	802 (+0%)	6mo	$43,000	$54	64
20515 Moross Rd	0.46mi	2/1.0	844 (+5%)	6mo	$55,000	$65	64
6015 Hereford St	0.36mi	2/1.0	886 (+11%)	7mo	$85,000	$96	60
10704 Duprey St	0.51mi	3/1.0 (+1)	845 (+6%)	6mo	$104,000	$123	58
5243 Neff Ave	0.74mi	2/1.0	816 (+2%)	7mo	$85,000	$104	57
6183 Woodhall St	0.44mi	3/1.0 (+1)	720 (-10%)	1mo	$32,000	$44	56
5203 Marseilles St	0.70mi	3/1.0 (+1)	816 (+2%)	7mo	$77,500	$95	53
11035 Worden St	0.72mi	3/1.0 (+1)	834 (+4%)	3mo	$55,000	$66	52
5298 Neff Ave	0.69mi	2/1.0	720 (-10%)	2mo	$46,000	$64	50
5290 University Pl	0.63mi	2/1.0	721 (-10%)	5mo	$60,000	$83	49
5251 Neff Ave	0.73mi	2/1.0	720 (-10%)	2mo	$46,000	$64	47

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 · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 1.89×
• Total profit: $16,938
• Equity at exit: $10,139

10-year hold

• IRR: 28.8%
• Equity multiple: 3.29×
• Total profit: $43,533
• Equity at exit: $5,879

Cash invested: $19,040 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,245 high
• Mortgage (P&I): −$357
• Tax from tax record: −$116 /mo · $1,398/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $482

Break-even live

Break-even rent $635

Max offer price $68,000

Occupancy floor 56%

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6301 Lodewyck St Detroit, MI	3.0	1.0	1084	$1,300	$1.20	13d	1	0.13mi
17720 Chester St Detroit, MI	2.0	1.0	986	$1,250	$1.27	44d	1	0.18mi
17710 Chester St Detroit, MI	2.0	1.0	984	$1,250	$1.27	44d	1	0.19mi
6175 Marseilles St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	0.20mi
21301 Kingsville St Apt 108 Harper Woods, MI	1.0	1.0	700	$900	$1.29	4d	1	0.29mi
19203 Edgefield St Harper Woods, MI	2.0	1.0	1100	$1,100	$1.00	24d	1	0.30mi
21401 Kingsville St Harper Woods, MI	2.0	1.0	944	$1,200	$1.27	24d	1	0.30mi
5915 Farmbrook St Detroit, MI	3.0	1.5	1000	$1,250	$1.25	24d	1	0.32mi
6325 Neff Ave Detroit, MI	3.0	1.0	1000	$1,500	$1.50	3d	1	0.37mi
6181 Neff Ave Detroit, MI	3.0	1.0	1102	$1,299	$1.18	18d	1	0.39mi
10542 Lanark St Detroit, MI	3.0	1.0	1023	$1,250	$1.22	44d	1	0.44mi
5786 Neff Ave Detroit, MI	3.0	1.5	1100	$1,225	$1.11	17d	1	0.50mi
6304 Bluehill St Detroit, MI	3.0	1.0	1088	$1,500	$1.38	44d	1	0.51mi
5955 Guilford St Detroit, MI	3.0	1.0	802	$1,400	$1.75	17d	1	0.56mi
22144 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,350	$1.65	3d	1	0.63mi
22144 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,350	$1.65	18d	1	0.63mi
22148 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,250	$1.53	17d	1	0.64mi
22148 Moross Rd Grosse Pointe, MI	2.0	1.0	819	$1,250	$1.53	3d	1	0.64mi
10985 Peerless St Detroit, MI	3.0	1.0	1000	$1,364	$1.36	5d	1	0.65mi
19982 McCormick St Detroit, MI	3.0	1.0	866	$1,200	$1.39	4d	1	0.75mi
10692 Meuse St Detroit, MI	3.0	1.0	955	$1,250	$1.31	13d	1	0.77mi
10370 Britain St Detroit, MI	3.0	1.0	1100	$1,100	$1.00	44d	1	0.81mi
10400 Britain St Detroit, MI	3.0	1.0	890	$1,100	$1.24	44d	1	0.83mi
16927 Chandler Park Dr Unit 3_ Detroit, MI	1.0	1.0	600	$900	$1.50	15d	1	0.84mi
10177 Boleyn St Detroit, MI	3.0	1.0	767	$1,250	$1.63	44d	1	0.90mi
10037 Grayton St Detroit, MI	3.0	1.0	1000	$1,400	$1.40	4d	1	0.91mi
5783 Yorkshire Rd Detroit, MI	2.0	1.0	1040	$1,200	$1.15	44d	1	0.96mi
19639 Moross Rd Unit 1 Detroit, MI	2.0	1.0	900	$1,100	$1.22	44d	1	0.96mi
19661 Kenosha St Harper Woods, MI	3.0	2.0	1000	$1,400	$1.40	24d	1	1.00mi
9140 Whittier Ave Unit 1 Detroit, MI	1.0	1.0	550	$700	$1.27	44d	1	1.06mi
19442 Kingsville St Harper Woods, MI	3.0	1.0	1000	$1,500	$1.50	17d	1	1.07mi
11529 Roxbury St Detroit, MI	2.0	1.0	720	$1,200	$1.67	13d	1	1.10mi
4865 Cadieux Rd Unit 11 Detroit, MI	2.0	1.0	630	$1,200	$1.90	44d	1	1.11mi
4837 Cadieux Rd Unit 9 Detroit, MI	2.0	1.0	650	$1,200	$1.85	44d	1	1.13mi
4811 Cadieux Rd Unit 11 Detroit, MI	2.0	1.0	663	$1,200	$1.81	22d	1	1.14mi
4811 Cadieux Rd Unit 2 Detroit, MI	1.0	1.0	600	$950	$1.58	44d	1	1.14mi
4811 Cadieux Rd Unit 10 Detroit, MI	2.0	1.0	663	$1,200	$1.81	44d	1	1.14mi
17137 Ontario St Unit 1 Detroit, MI	2.0	1.0	982	$1,123	$1.14	24d	1	1.15mi
11235 Roxbury St Detroit, MI	3.0	1.0	1062	$1,325	$1.25	17d	1	1.18mi
11776 Rossiter St Detroit, MI	3.0	1.0	964	$1,150	$1.19	11d	1	1.18mi

Listing history 49 events

1. 2026-06-18
   days on market $68,000 Active 69 DOM
2. 2026-06-17
   days on market $68,000 Active 68 DOM
3. 2026-06-15
   days on market $68,000 Active 66 DOM
4. 2026-06-13
   days on market $68,000 Active 64 DOM
5. 2026-06-13
   days on market $68,000 Active 63 DOM
6. 2026-06-09
   days on market $68,000 Active 60 DOM
7. 2026-06-08
   days on market $68,000 Active 59 DOM
8. 2026-06-07
   days on market $68,000 Active 58 DOM
9. 2026-06-04
   days on market $68,000 Active 55 DOM
10. 2026-06-03
    days on market $68,000 Active 54 DOM
11. 2026-06-02
    days on market $68,000 Active 53 DOM
12. 2026-06-01
    days on market $68,000 Active 52 DOM
13. 2026-05-31
    days on market $68,000 Active 51 DOM
14. 2026-04-10
    listed $68,000 Active 164-char remark

    Show marketing remark (164 chars)

    Excellent opportunity to purchase this two bedroom , one bathroom home in Detroit's 48224 zip code! The property is currently tenant occupied and rented for 1100/M.

15. 2026-04-10
    listed $68,000 Active 164-char remark

    Show marketing remark (164 chars)

    Excellent opportunity to purchase this two bedroom , one bathroom home in Detroit's 48224 zip code! The property is currently tenant occupied and rented for 1100/M.

16. 2023-09-28
    historical
17. 2023-09-28
    historical
18. 2023-09-07
    soldstatus $79,900
19. 2023-07-08
    listed $79,900 Active
20. 2023-07-08
    listed $79,900 Active
21. 2023-07-07
    historical
22. 2023-07-07
    historical
23. 2021-02-18
    soldstatus $35,900 Sold
24. 2021-02-18
    soldstatus $35,900 Closed
25. 2021-02-15
    status Pending
26. 2021-02-15
    status Pending
27. 2021-02-08
    historical Accepting Backup Offers
28. 2021-02-08
    historical Accepting Backup Offers
29. 2021-02-04
    status Active
30. 2021-02-04
    status Active
31. 2021-02-04
    historical Accepting Backup Offers
32. 2021-02-03
    historical Accepting Backup Offers
33. 2021-02-02
    status Active
34. 2021-02-02
    status Active
35. 2021-02-01
    historical Accepting Backup Offers
36. 2021-02-01
    historical Accepting Backup Offers
37. 2021-01-25
    price $35,900
38. 2021-01-25
    price $35,900
39. 2021-01-24
    listed $40,000 Active
40. 2021-01-24
    listed $40,000 Active
41. 2008-08-05
    soldstatus $10,500
42. 2008-08-05
    soldstatus $10,500
43. 2008-05-14
    historical
44. 2008-04-29
    listed $9,900
45. 2008-04-29
    listed $9,900
46. 1996-11-04
    soldstatus $43,500
47. 1996-09-18
    soldstatus $43,500
48. 1996-06-26
    historical
49. 1996-06-12
    listed $45,000

ⓘ 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: $1,398 · $116/mo
• Projected year-2 tax: $1,398 · $116/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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,938
• − Mortgage interest: −$3,809
• − Property taxes: −$1,398
• − Insurance: −$340
• − Repairs & maintenance: −$1,195
• − Management: −$1,195
• − Depreciation: −$1,978
• Taxable income: $5,023
• Est. tax owed @ 24.0%: −$1,205
• After-tax cash flow: $4,579/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+51.1% since first listed

36 events — show timeline

• 2026-04-10 Listed $68,000 REALCOMP
• 2026-04-10 Listed $68,000 MiRealSource-MiMLS
• 2023-09-28 Listing Removed — MiRealSource-MiMLS
• 2023-09-28 Listing Removed — REALCOMP
• 2023-09-07 Sold (Public Records) $79,900 Public Records
• 2023-07-08 Listed $79,900 MiRealSource-MiMLS
• 2023-07-08 Listed $79,900 REALCOMP
• 2023-07-07 Coming Soon — REALCOMP
• 2023-07-07 Coming Soon — MiRealSource-MiMLS
• 2021-02-18 Sold (MLS) $35,900 MiRealSource-MiMLS
• 2021-02-18 Sold (MLS) $35,900 REALCOMP
• 2021-02-15 Pending — MiRealSource-MiMLS
• 2021-02-15 Pending — REALCOMP
• 2021-02-08 Contingent — MiRealSource-MiMLS
• 2021-02-08 Contingent — REALCOMP
• 2021-02-04 Relisted — MiRealSource-MiMLS
• 2021-02-04 Relisted — REALCOMP
• 2021-02-04 Contingent — MiRealSource-MiMLS
• 2021-02-03 Contingent — REALCOMP
• 2021-02-02 Relisted — MiRealSource-MiMLS
• 2021-02-02 Relisted — REALCOMP
• 2021-02-01 Contingent — MiRealSource-MiMLS
• 2021-02-01 Contingent — REALCOMP
• 2021-01-25 Price Changed $35,900 MiRealSource-MiMLS
• 2021-01-25 Price Changed $35,900 REALCOMP
• 2021-01-24 Listed $40,000 MiRealSource-MiMLS
• 2021-01-24 Listed $40,000 REALCOMP
• 2008-08-05 Sold (MLS) $10,500 MiRealSource-MiMLS
• 2008-08-05 Sold (MLS) $10,500 REALCOMP
• 2008-05-14 Listing Removed — MiRealSource-MiMLS
• 2008-04-29 Listed $9,900 MiRealSource-MiMLS
• 2008-04-29 Listed $9,900 REALCOMP
• 1996-11-04 Sold (Public Records) $43,500 Public Records
• 1996-09-18 Sold (MLS) $43,500 MiRealSource-MiMLS
• 1996-06-26 Listing Removed — MiRealSource-MiMLS
• 1996-06-12 Listed $45,000 MiRealSource-MiMLS

Property tax history

+0.6%/yr

Latest (2025): $1,398 · -56.9% YoY. Source: county tax records.