home in Detroit, MI
This home in Detroit, MI offers 3 bedrooms and 1 bathroom across 1,100 square feet.
| Price | $130,000 |
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| Beds | 3 |
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| Baths | 1 |
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| Sqft | 1100 |
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| Address | 471 Tennessee Street, Detroit, MI 48215 |
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Why buy this home
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced in line with the area.
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 $921/month with 20% down at a 7.28% 30-year fixed rate. You would need about $39,457 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $712/mo |
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| Property tax (new-buyer reassessed rate) | $160/mo |
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| Homeowners insurance | $49/mo |
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| Total monthly | $921/mo |
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| Down payment (20%) | $26,000 |
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| Income needed | $39,457/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (63 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 | C+ (63/100) |
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| Beats renting in | 13% of modeled paths |
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| Modeled 5-yr equity (median) | $63,353 |
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| Range (10th to 90th pct) | $37,534 to $94,391 |
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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