24832 Chinook Ct · Flat Rock, MI 48134

$130,000

3 bd · 2.0 ba · 1,600 sqft · Manufactured · 6 Days on market

Built 2021 Good condition 5,227 sqft lot

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Why this score? — see what drove the B- 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 +29.7/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully maintained 2021-built 3-bedroom, 2-bath home offering approximately 1,600 square feet of bright, open-concept living in the heart of Deerfield Estates. From the moment you arrive, the charming covered front porch and lush, tree-shaded lot invite you to stay awhile. Step inside to a spacious, light-filled great room where the living, dining, and kitchen areas flow together effortlessly — perfect for both everyday living and entertaining. The stunning kitchen is the true centerpiece, featuring crisp white shaker cabinetry, stainless steel appliances, a large center island with breakfast-bar seating, and stylish pendant lighting. Elegant crown molding and durable wood-look flooring carry throughout the main living spaces, adding a polished, upscale feel. The generous primary suite offers a private full bath, while two additional bedrooms — each with its own personality and ample closet space, including a walk-in — provide flexible room for family, guests, or a home office. A dedicated indoor laundry room with full-size washer and dryer and convenient side-door access adds everyday ease. Both bathrooms are tastefully finished, one with a relaxing tub/shower combo and the other with a sleek glass-enclosed walk-in shower. Outside, you'll appreciate the matching detached storage shed, well-kept landscaping, and a peaceful, quiet setting. As a resident of Deerfield Estates, you'll enjoy fantastic community amenities including a clubhouse, swimming pool, and scenic walking areas throughout the neighborhood. Newer construction, modern finishes, and an unbeatable community — this one truly has it all. Schedule your private showing today!

Key facts

• Covered front porch
• Stunning kitchen
• Tree shaded lot

Tags

• COVERED FRONT PORCH
• TREE SHADED LOT
• LIGHT FILLED GREAT ROOM
• STUNNING KITCHEN
• WHITE SHAKER CABINETRY
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Located in the city of Flat Rock
• HOA & community: HOA covers grounds maintenance, snow removal, trash removal and water; Community amenities include a clubhouse and sidewalks

Exterior

• Parking: Driveway access (street access described in directions)
• Utilities: Public water at street; Public sewer at street; Natural gas
• Home design: Manufactured home located in a MH park (Deerfield Estates, Lot 541); One-story; Built in 2021; Frontage: 24
• Construction: Vinyl siding; Crawl foundation
• Exterior features: Porch; Paved street frontage

Interior

• Kitchen: 12 x 14 kitchen with vinyl flooring; Microwave; Dishwasher
• Bedrooms: Bedroom 1 (Entry): 12 x 13, carpet; Bedroom 2 (Entry): 11 x 11, carpet; Bedroom 3 (Entry): 12 x 12, carpet
• Flooring: Carpet in living room and bedrooms; Vinyl in kitchen, dining room, bathrooms and laundry
• Bathrooms: 2 full bathrooms; Bathrooms have vinyl flooring
• Heating & cooling: Forced air heating; Natural gas fuel; Gas water heater
• Interior features: Cable/Internet available; 9 total rooms
• Laundry & utility: Laundry room (Entry): 14 x 6 with vinyl flooring; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $130k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $475 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 10.7% vs local median 2.7% in Flat Rock — 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 74/100 on livability (#177 in MI, #4,594 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Flat Rock Community Schools (suburban): math 26% / reading 37% proficiency, ranked #326 of 540 in MI (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 82 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $899 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 + 3.0% rent growth), your $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Recommended offer $130,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.34% ✓
• Cap rate: 10.68%
• Cash-on-cash: 15.66%
• DSCR: 1.70
• GRM: 6.2

CMA / ARV

• ARV (median comp): $392,475
• List price: $130,000
• Delta: -66.88%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.5%
• Equity multiple: 1.25×
• Total profit: $9,215
• Equity at exit: $19,383

10-year hold

• IRR: 15.9%
• Equity multiple: 2.29×
• Total profit: $47,088
• Equity at exit: $11,240

Cash invested: $36,400 (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 48134

• Active inventory: 82
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,739 medium
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $475

Break-even live

Break-even rent $1,137

Max offer price $130,000

Occupancy floor 68%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23501 Van Horn Rd Woodhaven, MI	4.0	2.0	1568	$1,599	$1.02	1d	1	0.96mi

Listing history 15 events

1. 2026-06-18
   days on market $130,000 Active 6 DOM
2. 2026-06-17
   days on market $130,000 Active 5 DOM
3. 2026-06-16
   days on market $130,000 Active 4 DOM
4. 2026-06-15
   days on market $130,000 Active 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   days on marketlisting id $130,000 Active 1 DOM
7. 2026-06-09
   days on market $130,000 Active 28 DOM
8. 2026-06-08
   days on market $130,000 Active 27 DOM
9. 2026-06-07
   days on market $130,000 Active 26 DOM
10. 2026-06-04
    days on market $130,000 Active 23 DOM
11. 2026-06-03
    days on market $130,000 Active 22 DOM
12. 2026-06-02
    days on market $130,000 Active 21 DOM
13. 2026-06-01
    days on market $130,000 Active 20 DOM
14. 2026-05-31
    days on market $130,000 Active 19 DOM
15. 2026-05-12
    listed $130,000 Active 687-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,862
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$1,669
• − Management: −$1,669
• − Depreciation: −$3,782
• Taxable income: $3,860
• Est. tax owed @ 24.0%: −$926
• After-tax cash flow: $4,774/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.

Condition & rehab AI · 2 photos

Good 75/100 Cosmetic rehab

This 2021-built 3-bedroom, 2-bath home in Deerfield Estates is in good condition with a good roof, siding, and landscaping. A fresh coat of paint on the exterior siding and some landscaping improvements would significantly enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Flat Rock Community Schools
• NCES district ID: 2607080
• Math proficiency: 26% ▼ -7.00%
• Reading proficiency: 37% ▼ -2.00%
• Median HH income: $55,015
• Composite: 27.89/100
• National rank: #6871
• State rank: #326 of 540 in MI

Livability — Flat Rock

• Score: 74/100
• State rank: #177
• US rank: #4594

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Flat Rock, MI
• County: Wayne County · 1,562,939 people
• City population: 23,935
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 23,935
• Household income: $92,076
• Rent vs Own: 15.7% rent · 84.3% own
• Severe rent burden: 228.0

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 (77%)
• Race & ethnicity: White 77% Two or more races 10% Hispanic / Latino 9% Black 8%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 13% Lithuanian 5% Portuguese 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -223.42%
• Current HPI: 232.7533
• 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
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-06-12 Listed $130,000 REALCOMP
• 2026-06-12 Listed $130,000 MiRealSource-MiMLS