8837 Evergreen Ave, Detroit, MI 48228

2 bd · 1 ba · 850 sqft · built 1944 · Detroit · CONDOS·source listing ↗

$48,500

$64,900 first listed

seller intel

Price cut

−25.3%

from $64,900

Motivation score

55/100

OnePercent model (vv1)$1,103/mo

p10–p90 confidence band

HUD Fair Market Rent · 48228 · 2BR$1,230/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Wayne

Flood risk indexRelatively Low FEMA NRI

Median household income$30,680

Median area rent$1,109/mo

Median home value$59,500

the verdict

2.27%vs 0.8% target

financing: 20% down · — (FRED, live) · 30yr

$48,500

2.27% · rent $1,103

Intrinsic value · income approach

$72,792

33% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.