24601 Stanford St · Dearborn Heights, MI 48125

$135,900

3 bd · 1.0 ba · 922 sqft · SingleFamily public records · 27 Days on market

Built 1949 5,663 sqft lot Est $154k · 12% 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 +26.0/30.0
• ARV discount +12.8/15.0
• DSCR +8.8/10.0
• 1% rule +6.8/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully Renovated Move-In Ready Ranch sitting on a spacious corner lot in Dearborn Heights! , Stainless Steel Kitchen, Hardwood Floors. This home has been renovated from floor to ceiling and is ready for its next owner. Step into a bright living room with refinished hardwood floors, recessed lighting, and oversized windows filling the space with natural light. The fully renovated kitchen features white shaker cabinetry, granite-style countertops, a full stainless steel GE appliance suite (gas range, over-the-range microwave, and brand-new refrigerator), and elegant marble-look porcelain tile flooring. Updated bathroom with modern vanity, tile floors, and chrome fixtures. Both bedrooms offer hardwood floors and generous closet space. Brand-new central air conditioning and new high-efficiency furnace already installed. Situated on a corner lot with detached garage and a large yard with room to enjoy. Minutes from Pardee Elementary, O. W. Best Middle School, Annapolis High School, and local parks. Close to shopping, Telegraph Road, I-94, and Detroit Metro Airport. Perfect for first-time buyers or investors. All the hard work is done. Schedule your showing today!

Key facts

• Fully renovated
• Hardwood floors
• Updated bathroom

Tags

• FULLY RENOVATED
• STAINLESS STEEL KITCHEN
• HARDWOOD FLOORS
• UPDATED BATHROOM
• CENTRAL AIR CONDITIONING
• DETACHED GARAGE

Property features AI

Finance

• Other: Residential property in Dearborn Heights (Subdivision: DEARBORN TELEGRAPH SUB NO 3 - DBN HTS); Lot dimensions approximately 42.00 x 134.20 (0.13 acres); Directions: South of Dartmouth, west of Telegraph

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer; Water and sewer available
• Home design: Single-family residence; One story; Ground-level entry; Brick and vinyl siding construction
• Construction: Asphalt roof
• Exterior features: Awnings; Paved road

Interior

• Kitchen: Free-standing gas oven; Free-standing refrigerator; Disposal
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Disposal; Crawl space basement
• Laundry & utility: Stacked washer and dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $136k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $136k).
• Recommended offer: $134k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 5.5% in Dearborn Heights — 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 79/100 on livability (#82 in MI, #1,885 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, crime D+, employment D+.
• Westwood Community School District (suburban): math 6% / reading 11% proficiency, ranked #529 of 540 in MI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.0%/yr); 137 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 32% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $940 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.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 5y 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.
• Current owner paid $103k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $133,861 (1.5% below list)

Questions for the listing agent

1. Built in 1949 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.18% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.68%
• DSCR: 1.48
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $153,974
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24426 Lehigh St	0.06mi	4/1.0 (+1)	922 (0%)	1mo	$165,000	$179	92
25036 Colgate St	0.24mi	3/1.0	945 (+2%)	1mo	$85,000	$90	84
24304 Carlysle St	0.38mi	2/1.0 (-1)	895 (-3%)	2mo	$137,000	$153	71
24301 Stanford St	0.16mi	2/1.0 (-1)	824 (-11%)	2mo	$155,000	$188	68
4165 Westpoint St	0.40mi	3/1.0	847 (-8%)	1mo	$170,000	$201	67
25038 Annapolis St	0.27mi	2/1.0 (-1)	841 (-9%)	1mo	$125,000	$149	67
4140 Syracuse St	0.50mi	3/1.0	860 (-7%)	2mo	$150,000	$174	64
24337 Pennie St	0.40mi	3/1.0	1,008 (+9%)	2mo	$168,000	$167	64
25037 Hopkins St	0.26mi	2/1.0 (-1)	812 (-12%)	2mo	$159,900	$197	61
25513 Annapolis St	0.53mi	3/1.0	1,040 (+13%)	2mo	$152,000	$146	52
5367 Vivian St	0.53mi	3/1.0	1,044 (+13%)	3mo	$170,000	$163	51
4901 Cornell St	0.56mi	2/1.0 (-1)	819 (-11%)	3mo	$92,150	$113	48

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 · 2.03% rent growth · sell at horizon

5-year hold

• IRR: -1.4%
• Equity multiple: 0.95×
• Total profit: $-1,990
• Equity at exit: $20,263

10-year hold

• IRR: 7.2%
• Equity multiple: 1.52×
• Total profit: $19,866
• Equity at exit: $11,750

Cash invested: $38,052 (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 48125

• Rents YoY: 2.0%
• Active inventory: 137
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,604 high
• Mortgage (P&I): −$713
• Tax from tax record: −$159 /mo · $1,911/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $339

Break-even live

Break-even rent $1,175

Max offer price $135,900

Occupancy floor 74%

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: $33,975
• Closing costs: $4,077
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24684 Lehigh St Dearborn Heights, MI	4.0	1.0	878	$1,600	$1.82	12d	1	0.09mi
24601 Andover Dr Dearborn Heights, MI	3.0	1.5	1092	$1,700	$1.56	2d	1	0.10mi
25016 Lehigh St Dearborn Heights, MI	2.0	1.0	1000	$1,400	$1.40	4d	1	0.19mi
24154 Dartmouth St Dearborn, MI	2.0	1.0	950	$1,275	$1.34	15d	1	0.28mi
3809 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,400	$1.35	43d	1	0.37mi
24442 Union St Dearborn, MI	3.0	1.5	1000	$1,900	$1.90	1d	1	0.39mi
3755 Heritage Pkwy Dearborn, MI	2.0	1.0	830	$1,450	$1.75	43d	1	0.43mi
4481 Westpoint St Dearborn Heights, MI	3.0	2.0	768	$1,549	$2.02	15d	1	0.44mi
3763 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,450	$1.40	43d	1	0.45mi
25722 Carlysle St Dearborn Heights, MI	3.0	1.0	1040	$1,450	$1.39	17d	1	0.69mi
5845 Michael St Taylor, MI	2.0	1.0	618	$1,325	$2.14	4d	1	0.83mi
26089 Lehigh St Inkster, MI	2.0	1.0	900	$1,295	$1.44	17d	1	0.83mi
26159 Stanford St Inkster, MI	4.0	1.0	1056	$1,350	$1.28	5d	1	0.91mi
25745 Princeton St Dearborn Heights, MI	3.0	1.0	1080	$1,500	$1.39	11d	1	1.01mi
26382 Colgate St Inkster, MI	2.0	1.0	850	$935	$1.10	24d	1	1.09mi
2825 Queen St Dearborn, MI	2.0	1.0	1000	$1,299	$1.30	43d	1	1.16mi
4934 McKinley St Dearborn Heights, MI	3.0	1.0	1051	$1,700	$1.62	1d	1	1.24mi
26707 Penn St Inkster, MI	3.0	1.0	900	$1,400	$1.56	5d	1	1.31mi
26742 Penn St Inkster, MI	3.0	1.0	1000	$1,300	$1.30	16d	1	1.34mi
24720 Michigan Ave Dearborn, MI	2.0	1.0	900	$1,350	$1.50	43d	1	1.36mi
3620 Monroe St Dearborn, MI	3.0	2.0	1100	$1,800	$1.64	10d	1	1.36mi
4757 Dudley St Dearborn Heights, MI	3.0	1.0	995	$1,350	$1.36	11d	1	1.49mi

Listing history 40 events

1. 2026-06-15
   status $135,900 Pending 27 DOM
2. 2026-06-15
   days on market $135,900 Active 27 DOM
3. 2026-06-13
   days on market $135,900 Active 25 DOM
4. 2026-06-13
   days on market $135,900 Active 24 DOM
5. 2026-06-09
   days on market $135,900 Active 21 DOM
6. 2026-06-08
   days on market $135,900 Active 20 DOM
7. 2026-06-07
   days on market $135,900 Active 19 DOM
8. 2026-06-04
   days on market $135,900 Active 16 DOM
9. 2026-06-03
   days on market $135,900 Active 15 DOM
10. 2026-06-02
    days on market $135,900 Active 14 DOM
11. 2026-06-02
    status $135,900 Active 13 DOM
12. 2026-05-16
    listed $135,900 Active 1175-char remark

    Show marketing remark (1175 chars)

    Fully Renovated Move-In Ready Ranch sitting on a spacious corner lot in Dearborn Heights! , Stainless Steel Kitchen, Hardwood Floors. This home has been renovated from floor to ceiling and is ready for its next owner. Step into a bright living room with refinished hardwood floors, recessed lighting, and oversized windows filling the space with natural light. The fully renovated kitchen features white shaker cabinetry, granite-style countertops, a full stainless steel GE appliance suite (gas range, over-the-range microwave, and brand-new refrigerator), and elegant marble-look porcelain tile flooring. Updated bathroom with modern vanity, tile floors, and chrome fixtures. Both bedrooms offer hardwood floors and generous closet space. Brand-new central air conditioning and new high-efficiency furnace already installed. Situated on a corner lot with detached garage and a large yard with room to enjoy. Minutes from Pardee Elementary, O. W. Best Middle School, Annapolis High School, and local parks. Close to shopping, Telegraph Road, I-94, and Detroit Metro Airport. Perfect for first-time buyers or investors. All the hard work is done. Schedule your showing today!

13. 2026-05-16
    listed $135,900 Active

    Show marketing remark (1175 chars)

    Fully Renovated Move-In Ready Ranch sitting on a spacious corner lot in Dearborn Heights! , Stainless Steel Kitchen, Hardwood Floors. This home has been renovated from floor to ceiling and is ready for its next owner. Step into a bright living room with refinished hardwood floors, recessed lighting, and oversized windows filling the space with natural light. The fully renovated kitchen features white shaker cabinetry, granite-style countertops, a full stainless steel GE appliance suite (gas range, over-the-range microwave, and brand-new refrigerator), and elegant marble-look porcelain tile flooring. Updated bathroom with modern vanity, tile floors, and chrome fixtures. Both bedrooms offer hardwood floors and generous closet space. Brand-new central air conditioning and new high-efficiency furnace already installed. Situated on a corner lot with detached garage and a large yard with room to enjoy. Minutes from Pardee Elementary, O. W. Best Middle School, Annapolis High School, and local parks. Close to shopping, Telegraph Road, I-94, and Detroit Metro Airport. Perfect for first-time buyers or investors. All the hard work is done. Schedule your showing today!

14. 2026-05-13
    historical
15. 2026-05-13
    historical
16. 2026-05-13
    historical
17. 2021-12-09
    soldstatus $103,000
18. 2021-11-30
    soldstatus $103,000 Sold
19. 2021-11-30
    soldstatus $103,000 Closed
20. 2021-10-25
    status Pending
21. 2021-10-25
    status Pending
22. 2021-10-12
    price $105,900
23. 2021-10-12
    price $105,900
24. 2021-10-12
    status Active
25. 2021-10-12
    status Active
26. 2021-09-21
    status Pending
27. 2021-09-21
    status Pending
28. 2021-09-13
    status Active
29. 2021-09-13
    status Active
30. 2021-09-03
    status Pending
31. 2021-09-03
    status Pending
32. 2021-08-03
    listed $114,900 Active
33. 2021-08-03
    listed $114,900 Active
34. 2021-07-13
    historical
35. 2021-05-25
    status Pending
36. 2021-05-25
    status Pending
37. 2021-05-21
    historical
38. 2021-05-17
    listed $119,900 Active
39. 2021-05-17
    listed $119,900 Active
40. 1991-07-31
    soldstatus $29,875

ⓘ 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: $1,911 · $159/mo
• Projected year-2 tax: $2,002 · $167/mo
• Expected delta: +$91/yr (+$8/mo · 4.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 47% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,248
• − Mortgage interest: −$7,613
• − Property taxes: −$1,911
• − Insurance: −$680
• − Repairs & maintenance: −$1,540
• − Management: −$1,540
• − Depreciation: −$3,953
• Taxable income: $2,011
• Est. tax owed @ 24.0%: −$483
• After-tax cash flow: $3,580/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: Westwood Community School District
• NCES district ID: 2611640
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 11% ▼ -6.00%
• Median HH income: $36,350
• Composite: 7.06/100
• National rank: #9967
• State rank: #529 of 540 in MI

Livability — Dearborn Heights

• Score: 79/100
• State rank: #82
• US rank: #1885

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dearborn Heights, MI
• County: Wayne County · 1,562,939 people
• City population: 61,771
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 22,125
• Household income: $60,195
• Rent vs Own: 32.1% rent · 67.9% own
• Severe rent burden: 654.0

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 (76%)
• Race & ethnicity: White 76% Black 10% Two or more races 9% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 11% Arab 3% Slovak 2%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 13% Spanish 3% Russian/Polish/Slavic 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: ▼ -214.70%
• Current HPI: 218.4698
• Rent YoY: ▲ 2.03%
• 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

+354.9% since first listed

29 events — show timeline

• 2026-05-16 Listed $135,900 REALCOMP
• 2026-05-16 Listed $135,900 MiRealSource-MiMLS
• 2026-05-13 Coming Soon — MiRealSource-MiMLS
• 2026-05-13 Listing Removed — REALCOMP
• 2026-05-13 Listing Removed — MiRealSource-MiMLS
• 2021-12-09 Sold (Public Records) $103,000 Public Records
• 2021-11-30 Sold (MLS) $103,000 MiRealSource-MiMLS
• 2021-11-30 Sold (MLS) $103,000 REALCOMP
• 2021-10-25 Pending — MiRealSource-MiMLS
• 2021-10-25 Pending — REALCOMP
• 2021-10-12 Price Changed $105,900 MiRealSource-MiMLS
• 2021-10-12 Price Changed $105,900 REALCOMP
• 2021-10-12 Relisted — MiRealSource-MiMLS
• 2021-10-12 Relisted — REALCOMP
• 2021-09-21 Pending — MiRealSource-MiMLS
• 2021-09-21 Pending — REALCOMP
• 2021-09-13 Relisted — MiRealSource-MiMLS
• 2021-09-13 Relisted — REALCOMP
• 2021-09-03 Pending — MiRealSource-MiMLS
• 2021-09-03 Pending — REALCOMP
• 2021-08-03 Listed $114,900 MiRealSource-MiMLS
• 2021-08-03 Listed $114,900 REALCOMP
• 2021-07-13 Listing Removed — REALCOMP
• 2021-05-25 Pending — MiRealSource-MiMLS
• 2021-05-25 Pending — REALCOMP
• 2021-05-21 Listing Removed — MiRealSource-MiMLS
• 2021-05-17 Listed $119,900 MiRealSource-MiMLS
• 2021-05-17 Listed $119,900 REALCOMP
• 1991-07-31 Sold (Public Records) $29,875 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,911 · -32.4% YoY. Source: county tax records.