12046 Heyden St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- 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 99°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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
- DSCR +4.6/10.0
- Livability +3.7/5.0
- 1% rule +3.3/10.0
- Condition / age +2.5/5.0
- Rent growth +1.9/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$145,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
Key facts
- Finished basement
- Updated kitchen
- 5,663 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $145k.
Deal economics
- At list price, monthly cash flow is $44 ($527/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (16.8% below list).
- Recommended offer: $121k (16.8% below list) — sets the bar for 1% rule.
- Cap rate 6.7% vs local median 10.0% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
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: 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.
- Zoned schools: Mann Learning Community (335 students, 96% FRL); Cody High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 466 students, 88% FRL) — zoned schools at 92% FRL track the district average.
- Market conditions: Rents soft (-2.3%/yr); 367 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% 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).
- At $1,207/mo this rent would consume 47% of the median local household income ($31k/yr) (locally 4144% 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 $1k of loan paydown is wiped out by about $4k 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.
Negotiation context
- It's been on market 23 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 15y 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.
- Current owner paid $14k; list at $145k implies a 974% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1954 — 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?
- 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?
- 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
- 0.83% ✗
- Cap rate
- 6.66%
- Cash-on-cash
- 1.30%
- DSCR
- 1.06
- GRM
- 10.0
CMA / ARV
- ARV (on-the-fly)
- $70,035
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 12087 Heyden St | 0.04mi | 3/1.0 | 956 (-6%) | 5mo | $46,000 | $48 | 84 |
| 11700 Auburn St | 0.27mi | 3/1.5 | 964 (-5%) | 3mo | $55,000 | $57 | 75 |
| 20627 Patton Ct | 0.25mi | 3/1.5 | 1,100 (+8%) | 3mo | $105,000 | $95 | 70 |
| 11419 Braile St | 0.39mi | 2/1.0 (-1) | 969 (-4%) | 2mo | $45,000 | $46 | 68 |
| 9934 Warwick St | 0.75mi | 3/1.0 | 1,018 (+0%) | 2mo | $70,000 | $69 | 63 |
| 9976 Warwick St | 0.72mi | 3/1.5 | 1,024 (+1%) | 4mo | $129,900 | $127 | 60 |
| 9534 Heyden St | 0.66mi | 3/1.0 | 960 (-5%) | 3mo | $100,000 | $104 | 58 |
| 9616 Braile St | 0.63mi | 3/1.0 | 958 (-6%) | 4mo | $41,500 | $43 | 58 |
| 9977 Evergreen Ave | 0.45mi | 3/1.0 | 1,150 (+13%) | 2mo | $86,000 | $75 | 55 |
| 10006 Auburn St | 0.49mi | 3/1.0 | 1,150 (+13%) | 1mo | $63,000 | $55 | 54 |
| 9634 Evergreen Ave | 0.58mi | 3/1.0 | 912 (-10%) | 3mo | $23,000 | $25 | 54 |
| 9581 Heyden St | 0.61mi | 3/2.0 | 950 (-6%) | 4mo | $92,000 | $97 | 53 |
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 · 0.0% rent growth · sell at horizon
- IRR
- -17.4%
- Equity multiple
- 0.40×
- Total profit
- $-24,275
- Equity at exit
- $21,620
- IRR
- -15.7%
- Equity multiple
- 0.23×
- Total profit
- $-31,363
- Equity at exit
- $12,537
Cash invested: $40,600 (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 48228
- Rents YoY
- -2.3%
- Active inventory
- 367
- Price-to-rent
- 10.0×
Monthly cashflow live
- Estimated rent
- $1,207 high interval (Pro) →
- Mortgage (P&I)
- −$760
- Tax from tax record
- −$89 /mo · $1,066/yr
- Insurance
- −$60
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$253
- Net cashflow
- $44
Break-even live
Sensitivity live
| Price | -10% $126 | -5% $85 | +0% $44 | +5% $3 | +10% $-38 |
|---|---|---|---|---|---|
| Rent | -10% $-51 | -5% $-4 | +0% $44 | +5% $92 | +10% $139 |
| Rate | -1.0pp $117 | -0.5pp $81 | base $44 | +0.5pp $6 | +1.0pp $-32 |
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
- $36,250
- Closing costs
- $4,350
- 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 |
|---|---|---|---|---|---|---|---|---|
| 12084 Vaughan St Detroit, MI | 3.0 | 1.0 | 1000 | $1,200 | $1.20 | 18d | 1 | 0.09mi |
| 11652 Fielding St Detroit, MI | 3.0 | 1.0 | 1000 | $1,386 | $1.39 | 45d | 1 | 0.19mi |
| 13500 Heyden St Detroit, MI | 2.0 | 1.0 | 850 | $1,200 | $1.41 | 45d | 1 | 0.62mi |
| 20522 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.71mi |
| 20550 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.72mi |
| 20529 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.74mi |
| 20541 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.74mi |
| 20545 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.74mi |
| 20547 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.74mi |
| 9401 Fielding St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.75mi |
| 9410 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.75mi |
| 20619 W Chicago Detroit, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 45d | 1 | 0.75mi |
| 9404 Patton St Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.76mi |
| 12867 Westbrook St Detroit, MI | 2.0 | 1.0 | 736 | $1,050 | $1.43 | 45d | 1 | 0.77mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 19d | 1 | 0.78mi |
| 19440 W Chicago St Detroit, MI | 3.0 | 1.5 | 1200 | $1,225 | $1.02 | 23d | 1 | 0.78mi |
| 19449 W Chicago St Detroit, MI | 3.0 | 1.5 | 950 | $1,500 | $1.58 | 45d | 1 | 0.80mi |
| 20921 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.83mi |
| 20935 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $900 | $0.90 | 45d | 1 | 0.83mi |
| 20937 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.84mi |
| 20945 W Chicago Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.84mi |
| 11704 Greenview Ave Detroit, MI | 4.0 | 1.0 | 1046 | $1,300 | $1.24 | 26d | 1 | 0.84mi |
| 9416 Trinity St Detroit, MI | 2.0 | 1.0 | 1000 | $950 | $0.95 | 45d | 1 | 0.85mi |
| 19050 W Davison St Detroit, MI | 3.0 | 1.0 | 1118 | $1,400 | $1.25 | 45d | 1 | 0.85mi |
| 11741 Penrod St Detroit, MI | 3.0 | 1.0 | 1124 | $1,400 | $1.25 | 18d | 1 | 0.93mi |
| 13514 Stahelin Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 19d | 1 | 0.95mi |
| 12950 Glastonbury Ave Detroit, MI | 3.0 | 1.0 | 1000 | $1,400 | $1.40 | 26d | 1 | 0.98mi |
| 12880 Dolson St Detroit, MI | 1.0–2.0 | 1.0 | 750 | $1,200 | $1.60 | 45d | 6 | 0.98mi |
| 12875 Faust Ave Detroit, MI | 2.0 | 1.0 | 735 | $1,200 | $1.63 | 6d | 1 | 1.01mi |
| 9059 Burt Rd Detroit, MI | 3.0 | 1.0 | 980 | $1,400 | $1.43 | 45d | 1 | 1.09mi |
| 12941 Penrod St Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 45d | 1 | 1.10mi |
| 12850 Dolphin St Detroit, MI | 1.0–2.0 | 1.0 | 746 | $999 | $1.34 | 6d | 4 | 1.10mi |
| 13591 Faust Ave Detroit, MI | 2.0 | 1.0 | 1000 | $1,275 | $1.27 | 45d | 1 | 1.11mi |
| 14258 Plainview Ave Detroit, MI | 3.0 | 1.0 | 918 | $1,200 | $1.31 | 45d | 1 | 1.12mi |
| 18450 W Chicago Detroit, MI | 1.0–2.0 | 1.0 | 687 | $1,117 | $1.62 | 0d | 15 | 1.14mi |
| 13581 Penrod St Detroit, MI | 4.0 | 1.0 | 1152 | $1,200 | $1.04 | 45d | 1 | 1.16mi |
| 12944 Rosemont Ave Detroit, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 6d | 1 | 1.18mi |
| 14177 Bentler St Detroit, MI | 4.0 | 1.0 | 1000 | $1,475 | $1.48 | 45d | 1 | 1.20mi |
| 14347 Westwood St Detroit, MI | 2.0 | 1.0 | 706 | $1,200 | $1.70 | 26d | 1 | 1.21mi |
| 9090 Stahelin Ave Detroit, MI | 2.0 | 1.0 | 787 | $1,250 | $1.59 | 45d | 1 | 1.22mi |
Listing history 15 events
-
2026-03-31status Pending
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2026-03-31status Pending 807-char remark
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2026-03-27status Active
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2026-03-27status Active 807-char remark
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2026-02-03status Pending
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2026-02-03status Pending 807-char remark
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2026-01-15$145,000 Active
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2026-01-15$145,000 Active 807-char remark
Show marketing remark (807 chars)
* * RE-Listing * * This is your 2nd opportunity to buy this beautifully finished ranch style home. The buyers financing fell through a week before closing. This house is very fairly priced and ready to be moved. Complete top to bottom renovation features new roof, electrical, windows and new plumbing for peace of mind for years to come. Interior finishes are exceptionally done with a new kitchen and bathrooms. Newly rebuilt single car garage surrounded by a nice size backyard. Home features a nice size dry basement with a half bath as well. This house sits cozy on a quiet block in an up and coming area on the city's west side. If you want a turn key luxury home at an affordable price point this is an opportunity you've been waiting for. Serious buyers only must be pre approved before showing.
-
2012-05-01soldstatus $13,500 197-char remark
Show marketing remark (197 chars)
3 BDRM BRICK RANCH WITH FINISHED BASEMENT. 1 CAR GARAGE. SOLD "AS IS. " SUBJECT TO PROBATE COURT APPROVAL. QUICK COURT APPROVAL. ALL MEAS AND DATA ARE EST, BUYER/BUYER'S AGENT TO VERIFY.
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2012-05-01soldstatus $13,500
Show marketing remark (197 chars)
3 BDRM BRICK RANCH WITH FINISHED BASEMENT. 1 CAR GARAGE. SOLD "AS IS. " SUBJECT TO PROBATE COURT APPROVAL. QUICK COURT APPROVAL. ALL MEAS AND DATA ARE EST, BUYER/BUYER'S AGENT TO VERIFY.
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2012-03-27historical 197-char remark
Show marketing remark (197 chars)
3 BDRM BRICK RANCH WITH FINISHED BASEMENT. 1 CAR GARAGE. SOLD "AS IS. " SUBJECT TO PROBATE COURT APPROVAL. QUICK COURT APPROVAL. ALL MEAS AND DATA ARE EST, BUYER/BUYER'S AGENT TO VERIFY.
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2012-03-27historical
Show marketing remark (197 chars)
3 BDRM BRICK RANCH WITH FINISHED BASEMENT. 1 CAR GARAGE. SOLD "AS IS. " SUBJECT TO PROBATE COURT APPROVAL. QUICK COURT APPROVAL. ALL MEAS AND DATA ARE EST, BUYER/BUYER'S AGENT TO VERIFY.
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2011-08-03$15,500 197-char remark
Show marketing remark (197 chars)
3 BDRM BRICK RANCH WITH FINISHED BASEMENT. 1 CAR GARAGE. SOLD "AS IS. " SUBJECT TO PROBATE COURT APPROVAL. QUICK COURT APPROVAL. ALL MEAS AND DATA ARE EST, BUYER/BUYER'S AGENT TO VERIFY.
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2011-08-03$15,500
Show marketing remark (197 chars)
3 BDRM BRICK RANCH WITH FINISHED BASEMENT. 1 CAR GARAGE. SOLD "AS IS. " SUBJECT TO PROBATE COURT APPROVAL. QUICK COURT APPROVAL. ALL MEAS AND DATA ARE EST, BUYER/BUYER'S AGENT TO VERIFY.
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1991-11-05soldstatus $34,000
ⓘ 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
- $1,066 · $89/mo
- Projected year-2 tax
- $1,650 · $137/mo
- Expected delta
- +$583/yr (+$49/mo · 54.7%)
ⓘ 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 ≥99°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $14,485
- − Mortgage interest
- −$8,122
- − Property taxes
- −$1,066
- − Insurance
- −$725
- − Repairs & maintenance
- −$1,159
- − Management
- −$1,159
- − Depreciation
- −$4,218
- Taxable loss
- −$1,964
- Est. tax savings @ 24.0%
- +$471
- After-tax cash flow
- $999/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)
- 50,117
- Household income
- $30,680
- Rent vs Own
- Severe rent burden
- 4144.0
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 (71%)
- Race & ethnicity
- Black 71% White 16% Two or more races 7% Hispanic / Latino 6%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 2%
- Common ancestry
- Arab 2% Romanian 2% Lithuanian 1%
- Foreign-born
- 11% · Canada
- Languages at home
- 82% English-only · Arabic 11% Spanish 5%
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
- ▼ -160.81%
- Current HPI
- 168.6843
- Rent YoY
- ▼ -2.30%
- 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
+326.5% since first listed15 events — show timeline
- 2026-03-31 Pending — REALCOMP
- 2026-03-31 Pending — MiRealSource-MiMLS
- 2026-03-27 Relisted — REALCOMP
- 2026-03-27 Relisted — MiRealSource-MiMLS
- 2026-02-03 Pending — REALCOMP
- 2026-02-03 Pending — MiRealSource-MiMLS
- 2026-01-15 Listed $145,000 REALCOMP
- 2026-01-15 Listed $145,000 MiRealSource-MiMLS
- 2012-05-01 Sold (MLS) $13,500 MiRealSource-MiMLS
- 2012-05-01 Sold (MLS) $13,500 REALCOMP
- 2012-03-27 Listing Removed — MiRealSource-MiMLS
- 2012-03-27 Listing Removed — REALCOMP
- 2011-08-03 Listed $15,500 MiRealSource-MiMLS
- 2011-08-03 Listed $15,500 REALCOMP
- 1991-11-05 Sold (Public Records) $34,000 Public Records
Property tax history
-3.0%/yrLatest (2025): $1,066 · -55.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…