8842 Merriman Rd · Livonia, 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 97°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
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F 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 +8.5/30.0
- ARV discount +7.6/15.0
- Schools +4.6/10.0
- Livability +3.9/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- DSCR +2.3/10.0
- 1% rule +2.1/10.0
- Appreciation +0.0/10.0
$249,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Nice solid 3 Bedroom, 2 Bath, 2 car, Livonia full brick ranch with Livonia schools!! Neutral walls throughout with natural hardwood floors! * * Newer Generac System with a 10 year warranty ( 2024 ) * * New rear wood deck( 2024 ) * * Newer Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C with transferrable warranty , Water heater and Chimney liner (June 2021) * * Newer Garage Door ( 2019) * * New concrete ( April 2021) * * Newer Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) and Reverse osmosis system ( 2024 ) * * New ceiling fans (2022) * * Extra 9 in of insulation was also added to the attic!! WOW!! The major items have already been done for you! This home is ready for its new owner to give it some love and make it their own! :-)
Key facts
- 6,970 sq ft lot
- 2 garage spots
- Built 1954
Property features AI
Exterior
- Parking: Detached garage with garage door opener; 2 garage spaces; Garage faces front
- Utilities: Public water; Public sewer
- Home design: Single-family residence; One level (entry at ground level); Brick construction; Facing/entry at ground level
- Construction: Brick exterior; Block foundation; Asphalt roof; Built area above grade and below grade (finished space below grade)
- Exterior features: Deck; Porch; Paved road access; Pets allowed
Interior
- Kitchen: Free-standing electric oven; Free-standing refrigerator; Gas water heater
- Bedrooms: Total of 7 rooms (bedroom count not specified)
- Bathrooms: 2 full bathrooms
- Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
- Interior features: Smart thermostat; Full, partially finished basement
- Laundry & utility: Laundry room; Washer; Dryer
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $250k.
Deal economics
- At list price, monthly cash flow is $-219 ($-3k/yr) — negative.
- To cash-flow at today's rent, offer at most $211k (15.5% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $177k (29.1% below list).
- Recommended offer: $177k (29.1% below list) — sets the bar for 1% rule.
Location & tenants
- Location reads 77/100 on livability (#116 in MI, #2,784 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities D, health & safety D, commute F.
- Livonia Public Schools School District (urban): math 46% / reading 59% proficiency, ranked #77 of 540 in MI (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Grant Elementary School (math 52% / reading 57%, grade C, #276 of 1,397 statewide, top 22%, 465 students, 36% FRL); Cooper Upper Elementary School (math 22% / reading 45%, grade F, #303 of 493 statewide, top 62%, 662 students, 49% FRL); Franklin High School (math 36% / reading 52%, grade F, #255 of 713 statewide, top 36%, 1,327 students, 40% FRL) — zoned schools average 42% FRL vs 22% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 100 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $2k of loan paydown is wiped out by about $7k 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 29 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 19y 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.
Risks & watch-outs
- Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- 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 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?
- 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
- 0.71% ✗
- Cap rate
- 5.24%
- Cash-on-cash
- -3.76%
- DSCR
- 0.83
- GRM
- 11.7
CMA / ARV
- ARV (on-the-fly)
- $250,472
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 8573 Liberty Blvd | 0.28mi | 3/1.0 | 1,140 (+9%) | 0mo | $231,000 | $203 | 72 |
| 30227 Grandon St | 0.56mi | 3/1.0 | 1,008 (-4%) | 1mo | $280,000 | $278 | 67 |
| 31265 Minton St | 0.35mi | 3/1.0 | 972 (-7%) | 6mo | $245,000 | $252 | 66 |
| 8138 Hillcrest Blvd | 0.62mi | 3/1.0 | 1,026 (-2%) | 2mo | $238,501 | $232 | 66 |
| 30684 Gladys Ave | 0.41mi | 3/1.5 | 1,140 (+9%) | 2mo | $230,000 | $202 | 63 |
| 32623 Joy Rd | 0.64mi | 3/1.0 | 1,013 (-3%) | 4mo | $220,000 | $217 | 61 |
| 8315 Flamingo St | 0.48mi | 3/1.0 | 1,121 (+7%) | 6mo | $220,000 | $196 | 61 |
| 7849 Berwick Dr | 0.66mi | 3/1.0 | 1,107 (+6%) | 3mo | $90,000 | $81 | 58 |
| 32735 Joy Rd | 0.69mi | 3/1.0 | 1,013 (-3%) | 6mo | $242,500 | $239 | 58 |
| 32431 Washington St | 0.59mi | 3/1.5 | 1,140 (+9%) | 2mo | $321,000 | $282 | 54 |
| 8225 N Hubbard St | 0.68mi | 3/1.0 | 954 (-9%) | 4mo | $240,000 | $252 | 50 |
| 32647 Hees St | 0.65mi | 3/1.5 | 1,193 (+14%) | 0mo | $350,000 | $293 | 44 |
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 · 3.0% rent growth · sell at horizon
- IRR
- -22.6%
- Equity multiple
- 0.22×
- Total profit
- $-54,499
- Equity at exit
- $37,261
- IRR
- -17.0%
- Equity multiple
- 0.06×
- Total profit
- $-65,598
- Equity at exit
- $21,607
Cash invested: $69,972 (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 48150
- Active inventory
- 100
- Price-to-rent
- 11.7×
Monthly cashflow live
- Estimated rent
- $1,773 high interval (Pro) →
- Mortgage (P&I)
- −$1,311
- Tax from tax record
- −$205 /mo · $2,464/yr
- Insurance
- −$104
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$372
- Net cashflow
- $-219
Break-even live
Sensitivity live
| Price | -10% $-78 | -5% $-149 | +0% $-219 | +5% $-290 | +10% $-361 |
|---|---|---|---|---|---|
| Rent | -10% $-359 | -5% $-289 | +0% $-219 | +5% $-149 | +10% $-79 |
| Rate | -1.0pp $-93 | -0.5pp $-156 | base $-219 | +0.5pp $-284 | +1.0pp $-350 |
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
- $62,475
- Closing costs
- $7,497
- 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 7 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 7560 N Merriman Rd Westland, MI | 1.0–2.0 | 1.0 | 805 | $1,135 | $1.41 | 26d | 2 | 0.76mi |
| 32600 W Chicago St Livonia, MI | 3.0 | 2.0 | 1029 | $1,950 | $1.90 | 0d | 1 | 0.87mi |
| 31680 Cowan Rd Westland, MI | 1.0–2.0 | 1.0 | 700 | $1,300 | $1.86 | 45d | 1 | 0.99mi |
| 31480 Warren Rd Unit 203 Westland, MI | 2.0 | 2.0 | 995 | $1,650 | $1.66 | 45d | 1 | 1.04mi |
| 30500 Warren Rd Westland, MI | 2.0 | 1.0 | 900 | $1,128 | $1.25 | 45d | 1 | 1.20mi |
| 11141 Karen St Livonia, MI | 3.0 | 1.0 | 1322 | $1,950 | $1.48 | 12d | 1 | 1.27mi |
| 32214 Dover St Garden City, MI | 3.0 | 1.0 | 1000 | $1,340 | $1.34 | 13d | 1 | 1.50mi |
Listing history 22 events
-
2026-06-03statusdays on market $249,900 Pending 29 DOM
-
2026-06-02days on market $249,900 Active 28 DOM
-
2026-06-01days on market $249,900 Active 27 DOM
-
2026-05-31days on market $249,900 Active 26 DOM
-
2026-05-15price $255,000 805-char remark
Show marketing remark (805 chars)
Nice solid 3 Bedroom, 2 Bath, 2 car, Livonia full brick ranch with Livonia schools!! Neutral walls throughout with natural hardwood floors! * * Newer Generac System with a 10 year warranty ( 2024 ) * * New rear wood deck( 2024 ) * * Newer Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C with transferrable warranty , Water heater and Chimney liner (June 2021) * * Newer Garage Door ( 2019) * * New concrete ( April 2021) * * Newer Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) and Reverse osmosis system ( 2024 ) * * New ceiling fans (2022) * * Extra 9 in of insulation was also added to the attic!! WOW!! The major items have already been done for you! This home is ready for its new owner to give it some love and make it their own! :-)
-
2026-05-14price $255,000
-
2026-05-06$260,000 Active 805-char remark
Show marketing remark (805 chars)
Nice solid 3 Bedroom, 2 Bath, 2 car, Livonia full brick ranch with Livonia schools!! Neutral walls throughout with natural hardwood floors! * * Newer Generac System with a 10 year warranty ( 2024 ) * * New rear wood deck( 2024 ) * * Newer Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C with transferrable warranty , Water heater and Chimney liner (June 2021) * * Newer Garage Door ( 2019) * * New concrete ( April 2021) * * Newer Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) and Reverse osmosis system ( 2024 ) * * New ceiling fans (2022) * * Extra 9 in of insulation was also added to the attic!! WOW!! The major items have already been done for you! This home is ready for its new owner to give it some love and make it their own! :-)
-
2026-05-06$260,000 Active
Show marketing remark (805 chars)
Nice solid 3 Bedroom, 2 Bath, 2 car, Livonia full brick ranch with Livonia schools!! Neutral walls throughout with natural hardwood floors! * * Newer Generac System with a 10 year warranty ( 2024 ) * * New rear wood deck( 2024 ) * * Newer Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C with transferrable warranty , Water heater and Chimney liner (June 2021) * * Newer Garage Door ( 2019) * * New concrete ( April 2021) * * Newer Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) and Reverse osmosis system ( 2024 ) * * New ceiling fans (2022) * * Extra 9 in of insulation was also added to the attic!! WOW!! The major items have already been done for you! This home is ready for its new owner to give it some love and make it their own! :-)
-
2026-05-05historical
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2026-05-03historical $260,000 805-char remark
Show marketing remark (805 chars)
Nice solid 3 Bedroom, 2 Bath, 2 car, Livonia full brick ranch with Livonia schools!! Neutral walls throughout with natural hardwood floors! * * Newer Generac System with a 10 year warranty ( 2024 ) * * New rear wood deck( 2024 ) * * Newer Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C with transferrable warranty , Water heater and Chimney liner (June 2021) * * Newer Garage Door ( 2019) * * New concrete ( April 2021) * * Newer Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) and Reverse osmosis system ( 2024 ) * * New ceiling fans (2022) * * Extra 9 in of insulation was also added to the attic!! WOW!! The major items have already been done for you! This home is ready for its new owner to give it some love and make it their own! :-)
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2023-03-28soldstatus $225,000
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2023-03-27soldstatus $225,000 Sold 835-char remark
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
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2023-03-27soldstatus $225,000 Closed
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
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2023-03-16status Pending 835-char remark
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
-
2023-03-16status Pending
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
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2023-03-01Accepting Backup Offers
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
-
2023-03-01historical Accepting Backup Offers 835-char remark
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
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2023-03-01$225,000 Active 835-char remark
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
-
2023-03-01$225,000
Show marketing remark (835 chars)
Immaculate 3 Bedroom 2 Bath 2 car Garage Livonia brick Ranch with Livonia schools!! This seller took such great care of this home! A home inspection was done prior to the sale and any of those items that came up were taken care of. Neutral walls throughout with hardwood floors! * * New Plumbing Copper and Pex (Oct 2020) * * New Furnace, A/C, Water heater and Chimney liner (June 2021) * * New Garage Door ( 2019) * * New concrete ( April 2021) * * New Fiberglass front and rear door (2011) * * Roof (2015) * * New Kitchen flooring (2022) * * New ceiling fans (2022) Extra 9 in of insulation was also added to the attic! The sellers pride of ownership shows on the interior and exterior! Immediate Occupancy. .. .Transferrable warranty of the furnace and A/C and a upcoming maintenace check has already been paid for .
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2008-04-16soldstatus $101,000
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2008-04-10soldstatus $101,000
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2007-12-10$113,900
ⓘ 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
- $2,464 · $205/mo
- Projected year-2 tax
- $3,156 · $263/mo
- Expected delta
- +$692/yr (+$58/mo · 28.1%)
ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 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
- $21,276
- − Mortgage interest
- −$13,998
- − Property taxes
- −$2,464
- − Insurance
- −$1,250
- − Repairs & maintenance
- −$1,702
- − Management
- −$1,702
- − Depreciation
- −$7,270
- Taxable loss
- −$7,110
- Est. tax savings @ 24.0%
- +$1,706
- After-tax cash flow
- $-925/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
- Livonia Public Schools School District
- NCES district ID
- 2621840
- Math proficiency
- 46% ▼ -5.00%
- Reading proficiency
- 59% ▬ 0.00%
- Median HH income
- $65,268
- Composite
- 46.27/100
- National rank
- #2480
- State rank
- #77 of 540 in MI
Livability — Livonia
- Score
- 77/100
- State rank
- #116
- US rank
- #2784
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Livonia, MI
- County
- Wayne County · 1,562,939 people
- City population
- 56,806
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 26,687
- Household income
- $97,997
- Rent vs Own
- Severe rent burden
- 110.0
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% Two or more races 7% Hispanic / Latino 5% Black 3% Asian 2%
- Common ancestry
- Romanian 13% Italian 5% Lithuanian 4%
- Foreign-born
- 7% · Canada, South Korea, China
- Languages at home
- 90% English-only · Other Indo-European 2% Spanish 2% Arabic 2%
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
- ▼ -341.08%
- Current HPI
- 197.495
- Rent YoY
- —
- 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
+123.9% since first listed18 events — show timeline
- 2026-05-15 Price Changed $255,000 MiRealSource-MiMLS
- 2026-05-14 Price Changed $255,000 REALCOMP
- 2026-05-06 Listed $260,000 MiRealSource-MiMLS
- 2026-05-06 Listed $260,000 REALCOMP
- 2026-05-05 Listing Removed — REALCOMP
- 2026-05-03 Coming Soon $260,000 MiRealSource-MiMLS
- 2023-03-28 Sold (Public Records) $225,000 Public Records
- 2023-03-27 Sold (MLS) $225,000 MiRealSource-MiMLS
- 2023-03-27 Sold (MLS) $225,000 REALCOMP
- 2023-03-16 Pending — REALCOMP
- 2023-03-16 Pending — MiRealSource-MiMLS
- 2023-03-01 Listed — MiRealSource-MiMLS
- 2023-03-01 Contingent — REALCOMP
- 2023-03-01 Listed $225,000 MiRealSource-MiMLS
- 2023-03-01 Listed $225,000 REALCOMP
- 2008-04-16 Sold (Public Records) $101,000 Public Records
- 2008-04-10 Sold (MLS) $101,000 REALCOMP
- 2007-12-10 Listed $113,900 REALCOMP
Property tax history
+2.9%/yrLatest (2025): $2,464 · -44.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…