Cottage / Storybook home in Detroit, MI
Set in Detroit, MI, this Cottage home provides 3 bedrooms and 1 bathroom across 920 square feet. Its Cottage character defines the property's look.
| Price | $89,000 |
|---|
| Beds | 3 |
|---|
| Baths | 1 |
|---|
| Sqft | 920 |
|---|
| Architectural style | Cottage / Storybook (37% match) |
|---|
| Address | 6544 Southfield Freeway, Detroit, MI 48228 |
|---|
Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $89K, this home is 19% below the $110K median for 67 similar Cottage / Storybook homes in Detroit, MI.
- That works out to $97 per square foot, 24% above the $78 comparable rate.
- On the market 12 days.
| This home | $89,000 |
|---|
| Cottage / Storybook median in Detroit, MI | $109,900 (67 homes) |
|---|
| Price per sq ft | $97 vs. $78 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $630/month with 20% down at a 7.28% 30-year fixed rate. You would need about $27,013 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $487/mo |
|---|
| Property tax (new-buyer reassessed rate) | $110/mo |
|---|
| Homeowners insurance | $33/mo |
|---|
| Total monthly | $630/mo |
|---|
| Down payment (20%) | $17,800 |
|---|
| Income needed | $27,013/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home A+ (98 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | A+ (98/100) |
|---|
| Beats renting in | 94% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $83,269 |
|---|
| Range (10th to 90th pct) | $59,251 to $110,176 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Detroit, MI where local data is thin.
Local home values
Typical home values in Detroit, MI have risen about 22% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately