2268 17th St · Wyandotte, MI 48192

$150,000

3 bd · 1.0 ba · 924 sqft · SingleFamily public records · 6 Days on market

Built 1943 6,098 sqft lot Est $174k · 14% under

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Why this score? — see what drove the C- 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 +16.9/30.0
• ARV discount +13.6/15.0
• DSCR +5.3/10.0
• 1% rule +4.7/10.0
• Rent growth +4.5/5.0
• Livability +4.4/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss out on this great Brick, Wyandotte home. Three large bedrooms, large basement with half bath. 2 car garage and a beautiful back yard. A little TLC is needed, bring your decorating ideas and make this your new home or a great rental! All information should be verified. Motivated seller and must close quickly. Bring your reasonable offer.

Key facts

• Beautiful back yard
• Half bath
• Large basement

Tags

• LARGE BASEMENT
• HALF BATH
• 2 CAR GARAGE
• BEAUTIFUL BACK YARD

Property features AI

Finance

• Other: Located in WEST PARK 1 subdivision; Directions: Northline east to 17th Street, then south to property; Cross street near Northline and Fort

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residential; One and one-half levels; Ground-level entry; Brick construction
• Construction: Brick construction
• Exterior features: Paved road access; Lot dimensions approximately 45 x 131 (0.14 acres)

Interior

• Kitchen: No specific appliances listed
• Bedrooms: Total of 4 rooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); No central air cooling
• Interior features: Partially finished basement; Basement present
• Laundry & utility: No specific laundry features listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $99 ($1k/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 $145k (3.2% below list).
• Recommended offer: $145k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 4.9% in Wyandotte — 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 88/100 on livability (#11 in MI, #181 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-.
• Wyandotte School District (suburban): math 27% / reading 45% proficiency, ranked #262 of 540 in MI (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.9%/yr); 117 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

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.
• At projected returns (-3.0% appreciation + 7.9% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 26y ago; this cycle's ask has dropped $30k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $150k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,272 (3.2% below list)

Questions for the listing agent

1. Built in 1943 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.83%
• DSCR: 1.13
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $173,712
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2232 9th St	0.48mi	2/1.0 (-1)	920 (-0%)	2mo	$177,500	$193	71
1737 Cora St	0.65mi	3/1.0	936 (+1%)	5mo	$143,000	$153	63
2096 Electric St	0.44mi	3/1.0	1,000 (+8%)	6mo	$130,000	$130	61
1518 Chestnut St	0.40mi	2/1.0 (-1)	1,008 (+9%)	1mo	$169,000	$168	60
1477 13th St	0.54mi	3/1.0	985 (+7%)	8mo	$189,500	$192	57
1679 23rd St	0.50mi	3/1.0	1,008 (+9%)	7mo	$189,000	$188	56
12824 Ward St	0.61mi	2/1.0 (-1)	861 (-7%)	0mo	$175,000	$203	55
12773 Walnut St	0.51mi	3/1.0	1,016 (+10%)	6mo	$152,000	$150	55
1604 15th St	0.44mi	2/1.0 (-1)	832 (-10%)	5mo	$183,000	$220	54
12813 Birrell St	0.62mi	3/1.0	1,050 (+14%)	2mo	$212,000	$202	47
1429 12th St	0.61mi	3/2.0	1,048 (+13%)	0mo	$194,000	$185	45
12757 Cunningham St	0.48mi	2/1.0 (-1)	1,062 (+15%)	6mo	$145,000	$137	42

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 · 7.86% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.75×
• Total profit: $-10,521
• Equity at exit: $22,365

10-year hold

• IRR: 8.4%
• Equity multiple: 1.78×
• Total profit: $32,893
• Equity at exit: $12,969

Cash invested: $42,000 (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 48192

• Rents YoY: 7.9%
• Active inventory: 117
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,453 high
• Mortgage (P&I): −$787
• Tax from tax record: −$200 /mo · $2,395/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $99

Break-even live

Break-even rent $1,327

Max offer price $150,000

Occupancy floor 88%

Sensitivity live

Price	-10% $184	-5% $141	+0% $99	+5% $57	+10% $14
Rent	-10% $-16	-5% $42	+0% $99	+5% $156	+10% $214
Rate	-1.0pp $175	-0.5pp $137	base $99	+0.5pp $60	+1.0pp $21

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1650 19th St Wyandotte, MI	3.0	2.0	1100	$1,899	$1.73	18d	1	0.41mi
1163 17th St Wyandotte, MI	3.0	1.0	1010	$1,695	$1.68	44d	1	0.59mi
13020 Pullman St Southgate, MI	4.0	1.0	1050	$1,550	$1.48	3d	1	0.60mi
1130 21st St Wyandotte, MI	3.0	1.0	864	$1,420	$1.64	0d	1	0.67mi
1569 Sycamore St Wyandotte, MI	3.0	1.0	944	$1,695	$1.80	44d	1	0.74mi
2700 6th St Wyandotte, MI	1.0–2.0	1.0	900	$1,095	$1.22	44d	2	0.80mi
720 Harrison Blvd Unit 20 Lincoln Park, MI	2.0	1.0	800	$1,025	$1.28	3d	1	0.89mi
750 Harrison Blvd Unit 5 Lincoln Park, MI	2.0	1.0	800	$995	$1.24	5d	1	0.89mi
610 Harrison Blvd Unit 46 Lincoln Park, MI	2.0	1.0	800	$995	$1.24	3d	1	0.89mi
610 Harrison Blvd Apt 43 Lincoln Park, MI	2.0	1.0	800	$1,050	$1.31	25d	1	0.89mi
13185 Sycamore St Southgate, MI	3.0	1.0	1080	$1,700	$1.57	25d	1	0.97mi
1024 Adelaide St Wyandotte, MI	2.0	1.0	800	$3,100	$3.88	0d	1	1.02mi
667 Pine St Unit 1 Wyandotte, MI	3.0	1.0	1000	$1,500	$1.50	0d	1	1.17mi
667 Pine St Unit 2 Wyandotte, MI	2.0	1.0	800	$1,400	$1.75	2d	1	1.17mi
3851 17th St Wyandotte, MI	2.0	1.0	764	$1,200	$1.57	3d	1	1.20mi
1159 McKinley St Wyandotte, MI	3.0	1.0	1050	$1,350	$1.29	0d	1	1.21mi
4163 Burns Ave Lincoln Park, MI	3.0	1.0	900	$1,500	$1.67	2d	1	1.21mi
82 Poplar St Apt 2 Wyandotte, MI	2.0	1.0	900	$1,295	$1.44	44d	1	1.22mi
1750 Saint Johns Blvd Unit 17 Lincoln Park, MI	2.0	1.0	750	$1,025	$1.37	25d	1	1.35mi
20 Chestnut St Unit 1003-4 Wyandotte, MI	2.0	2.0	1100	$1,990	$1.81	44d	1	1.36mi
1760 Saint Johns Blvd Apt 14 Lincoln Park, MI	2.0	1.0	750	$995	$1.33	25d	1	1.37mi

Listing history 6 events

1. 2026-06-04
   days on market $150,000 Active 6 DOM
2. 2026-06-03
   pricedays on market $150,000 Active 5 DOM
3. 2026-06-02
   days on market $160,000 Active 4 DOM
4. 2026-06-02
   price $160,000 Active 3 DOM
5. 2026-06-01
   days on market $175,000 Active 3 DOM
6. 2026-05-31
   pricedays on market $175,000 Active 2 DOM

   Show marketing remark (349 chars)

   Don't miss out on this great Brick, Wyandotte home. Three large bedrooms, large basement with half bath. 2 car garage and a beautiful back yard. A little TLC is needed, bring your decorating ideas and make this your new home or a great rental! All information should be verified. Motivated seller and must close quickly. Bring your reasonable offer.

ⓘ 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: $2,395 · $200/mo
• Projected year-2 tax: $2,395 · $200/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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,433
• − Mortgage interest: −$8,402
• − Property taxes: −$2,395
• − Insurance: −$750
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − Depreciation: −$4,364
• Taxable loss: −$1,267
• Est. tax savings @ 24.0%: +$304
• After-tax cash flow: $1,492/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: Wyandotte School District
• NCES district ID: 2636540
• Math proficiency: 27% ▼ -6.00%
• Reading proficiency: 45% ▼ -1.00%
• Median HH income: $50,265
• Composite: 31.13/100
• National rank: #6060
• State rank: #262 of 540 in MI

Livability — Wyandotte

• Score: 88/100
• State rank: #11
• US rank: #181

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime B+ Employment C- Housing A+ Health & safety B- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wyandotte, MI
• County: Wayne County · 1,562,939 people
• City population: 24,489
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 24,489
• Household income: $71,987
• Rent vs Own: 26.3% rent · 73.7% own
• Severe rent burden: 570.0

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 White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 8% Two or more races 8% Black 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 19% Lithuanian 4% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1%

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: ▼ -228.97%
• Current HPI: 174.8428
• Rent YoY: ▲ 7.86%
• 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

+41.1% since first listed

10 events — show timeline

• 2026-05-31 Price Changed $175,000 MiRealSource-MiMLS
• 2026-05-30 Price Changed $175,000 REALCOMP
• 2026-05-28 Listed $180,000 REALCOMP
• 2026-05-28 Listed $180,000 MiRealSource-MiMLS
• 2000-08-29 Sold (Public Records) $80,000 Public Records
• 2000-06-20 Sold (Public Records) $120,000 Public Records
• 2000-03-20 Sold (MLS) $120,000 REALCOMP
• 2000-03-20 Sold (MLS) $120,000 MiRealSource-MiMLS
• 2000-02-15 Listed $124,000 REALCOMP
• 2000-02-15 Listed $124,000 MiRealSource-MiMLS

Property tax history

+0.6%/yr

Latest (2025): $2,395 · -15.4% YoY. Source: county tax records.