30539 Longfellow Ave · Madison Heights, MI 48071

$200,000

3 bd · 2.0 ba · 1,590 sqft · SingleFamily public records · 34 Days on market

Built 1958 6,970 sqft lot $126/sqft · 43% below area Est $273k · 27% under

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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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.3/10.0
• Livability +4.0/5.0
• Schools +3.3/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits in this 3-bedroom ranch in desirable northeast Madison Heights within the Lamphere School District. Situated on a spacious corner lot, this home offers solid bones, a functional layout, and a finished basement, ready for your vision and updates. Packed with potential, it's a great chance to create value and bring your vision to life. Ideal for investors, rehabbers, or buyers looking to build equity through renovations. Bring your ideas!

Key facts

• Finished basement
• Functional layout
• Corner lot

Tags

• CORNER LOT
• FINISHED BASEMENT
• FUNCTIONAL LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $397 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.7% in Madison 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 81/100 on livability (#62 in MI, #1,347 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, health & safety D.
• Lamphere Public Schools (suburban): math 28% / reading 49% proficiency, ranked #235 of 540 in MI (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.8%/yr); 135 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 39% of the median local income ($70k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 24y ago; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $94k; list at $200k implies a 113% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $194,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 1.13% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.51%
• DSCR: 1.38
• GRM: 7.4

CMA / ARV

• ARV (median comp): $272,969
• List price: $200,000
• Delta: -26.73%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
30725 Whittier Ave	0.13mi	3/2.0	1,579 (-1%)	1mo	$315,000	$199	92
30344 Garry Ave	0.10mi	3/1.0	1,521 (-4%)	4mo	$230,900	$152	81
2612 N Wilson Ave	0.32mi	3/2.0	1,641 (+3%)	0mo	$344,000	$210	79
30791 Whittier Ave	0.13mi	3/1.5	1,765 (+11%)	1mo	$302,500	$171	73
3210 N Altadena Ave	0.55mi	3/2.0	1,638 (+3%)	1mo	$389,999	$238	69
3015 N Vermont Ave	0.38mi	3/1.0	1,680 (+6%)	0mo	$301,900	$180	69
1528 Englewood Ave	0.46mi	3/1.5	1,502 (-6%)	3mo	$347,000	$231	65
2918 N Altadena Ave	0.53mi	3/2.0	1,682 (+6%)	2mo	$370,000	$220	63
31541 Madison Ave	0.54mi	3/2.0	1,450 (-9%)	0mo	$350,000	$241	60
29361 Mark Ave	0.57mi	3/1.5	1,740 (+9%)	1mo	$281,500	$162	55
3219 N Blair Ave	0.46mi	3/1.5	1,806 (+14%)	3mo	$345,000	$191	51
2926 N Altadena Ave	0.53mi	3/1.0	1,395 (-12%)	3mo	$316,000	$227	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 · 2.81% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.87×
• Total profit: $-7,513
• Equity at exit: $29,821

10-year hold

• IRR: 5.9%
• Equity multiple: 1.44×
• Total profit: $24,418
• Equity at exit: $17,292

Cash invested: $56,000 (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 48071

• Rents YoY: 2.8%
• Active inventory: 135
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,266 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$261 /mo · $3,127/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $397

Break-even live

Break-even rent $1,763

Max offer price $200,000

Occupancy floor 77%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
614 E 13 Mile Rd Royal Oak, MI	2.0	1.0	1434	$2,995	$2.09	1d	1	0.69mi
1608 Bauman Ave Royal Oak, MI	3.0	1.5	1233	$2,300	$1.87	1d	1	0.81mi
300 E Thirteen Mile Rd Madison Heights, MI	2.0	1.5	1350	$1,475	$1.09	18d	1	0.99mi
1712 Midtown Cir Royal Oak, MI	2.0–3.0	2.0–2.5	1550	$2,901	$1.87	1d	8	0.99mi
324 E Thirteen Mile Rd Madison Heights, MI	1.0–2.0	1.0–1.5	950	$1,775	$1.87	2d	1	1.01mi
317 E Irving Ave Madison Heights, MI	2.0	2.5	1560	$2,700	$1.73	1d	1	1.06mi
3810 S Rochester Rd Royal Oak, MI	2.0	1.5	1208	$1,800	$1.49	24d	1	1.07mi
642 Bellaire Ave Madison Heights, MI	3.0	2.5	1750	$2,423	$1.38	21d	1	1.11mi
2702 N Main St Royal Oak, MI	3.0	1.5	1500	$2,350	$1.57	3d	1	1.14mi
1132 N Campbell Rd Royal Oak, MI	1.0–3.0	1.0–1.5	1050	$2,085	$1.99	1d	7	1.20mi
1106 Grove Ave Royal Oak, MI	4.0	2.5	1289	$2,325	$1.80	1d	1	1.21mi
508 Marlin Ave Royal Oak, MI	3.0	2.5	1678	$3,000	$1.79	20d	1	1.22mi
155 Amelia St Royal Oak, MI	1.0–4.0	1.0–2.5	971	$1,770	$1.82	3d	7	1.22mi
29607 Howard Ave Madison Heights, MI	3.0	2.5	1956	$1,950	$1.00	43d	1	1.31mi
1814 N Center St Royal Oak, MI	3.0	1.5	1072	$1,790	$1.67	4d	1	1.43mi

Listing history 21 events

1. 2026-06-17
   status $200,000 Pending 34 DOM

   Show marketing remark (459 chars)

   Opportunity awaits in this 3-bedroom ranch in desirable northeast Madison Heights within the Lamphere School District. Situated on a spacious corner lot, this home offers solid bones, a functional layout, and a finished basement, ready for your vision and updates. Packed with potential, it's a great chance to create value and bring your vision to life. Ideal for investors, rehabbers, or buyers looking to build equity through renovations. Bring your ideas!

2. 2026-06-16
   days on market $200,000 Active 34 DOM
3. 2026-06-15
   pricestatusdays on market $200,000 Active 33 DOM
4. 2026-06-02
   status $240,000 Pending 32 DOM
5. 2026-06-01
   days on market $240,000 Active 32 DOM

   Show marketing remark (459 chars)

   Opportunity awaits in this 3-bedroom ranch in desirable northeast Madison Heights within the Lamphere School District. Situated on a spacious corner lot, this home offers solid bones, a functional layout, and a finished basement, ready for your vision and updates. Packed with potential, it's a great chance to create value and bring your vision to life. Ideal for investors, rehabbers, or buyers looking to build equity through renovations. Bring your ideas!

6. 2026-05-31
   days on market $240,000 Active 31 DOM
7. 2026-05-14
   price $240,000 459-char remark

   Show marketing remark (459 chars)

   Opportunity awaits in this 3-bedroom ranch in desirable northeast Madison Heights within the Lamphere School District. Situated on a spacious corner lot, this home offers solid bones, a functional layout, and a finished basement, ready for your vision and updates. Packed with potential, it's a great chance to create value and bring your vision to life. Ideal for investors, rehabbers, or buyers looking to build equity through renovations. Bring your ideas!

8. 2026-05-13
   price $240,000 459-char remark

   Show marketing remark (459 chars)

   Opportunity awaits in this 3-bedroom ranch in desirable northeast Madison Heights within the Lamphere School District. Situated on a spacious corner lot, this home offers solid bones, a functional layout, and a finished basement, ready for your vision and updates. Packed with potential, it's a great chance to create value and bring your vision to life. Ideal for investors, rehabbers, or buyers looking to build equity through renovations. Bring your ideas!

9. 2026-04-30
   listed $250,000 Active 459-char remark

   Show marketing remark (459 chars)

   Opportunity awaits in this 3-bedroom ranch in desirable northeast Madison Heights within the Lamphere School District. Situated on a spacious corner lot, this home offers solid bones, a functional layout, and a finished basement, ready for your vision and updates. Packed with potential, it's a great chance to create value and bring your vision to life. Ideal for investors, rehabbers, or buyers looking to build equity through renovations. Bring your ideas!

10. 2026-04-30
    listed $250,000 Active 459-char remark

    Show marketing remark (459 chars)

    Opportunity awaits in this 3-bedroom ranch in desirable northeast Madison Heights within the Lamphere School District. Situated on a spacious corner lot, this home offers solid bones, a functional layout, and a finished basement, ready for your vision and updates. Packed with potential, it's a great chance to create value and bring your vision to life. Ideal for investors, rehabbers, or buyers looking to build equity through renovations. Bring your ideas!

11. 2011-05-12
    soldstatus $94,000
12. 2011-05-12
    soldstatus $94,000
13. 2011-05-10
    historical
14. 2011-04-06
    listed $94,900
15. 2011-04-04
    listed $94,900
16. 2002-07-31
    soldstatus $156,000
17. 2002-06-25
    historical
18. 2002-05-29
    listed $158,700
19. 2000-06-08
    soldstatus $144,000
20. 1997-10-15
    soldstatus $107,350
21. 1994-04-11
    soldstatus $76,000

ⓘ 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: $3,127 · $261/mo
• Projected year-2 tax: $3,127 · $261/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 ≥98°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: $27,186
• − Mortgage interest: −$11,203
• − Property taxes: −$3,127
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,175
• − Management: −$2,175
• − Depreciation: −$5,818
• Taxable income: $1,688
• Est. tax owed @ 24.0%: −$405
• After-tax cash flow: $4,359/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: Lamphere Public Schools
• NCES district ID: 2621120
• Math proficiency: 28% ▼ -8.00%
• Reading proficiency: 49% ▲ 1.00%
• Median HH income: $44,993
• Composite: 32.69/100
• National rank: #5649
• State rank: #235 of 540 in MI

Livability — Madison Heights

• Score: 81/100
• State rank: #62
• US rank: #1347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison Heights, MI
• County: Oakland County · 1,009,092 people
• City population: 28,419
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 28,419
• Household income: $69,503
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 786.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 7% Asian 7% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 11% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · China, Canada, South Korea
• Languages at home: 84% English-only · Chinese 3% Other Indo-European 3% Arabic 2%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -275.69%
• Current HPI: 243.4861
• Rent YoY: ▲ 2.81%
• 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

+163.2% since first listed

23 events — show timeline

• 2026-06-17 Pending — MiRealSource-MiMLS
• 2026-06-17 Pending — REALCOMP
• 2026-06-14 Relisted — REALCOMP
• 2026-06-14 Price Changed $200,000 REALCOMP
• 2026-06-14 Price Changed $200,000 MiRealSource-MiMLS
• 2026-06-13 Relisted — MiRealSource-MiMLS
• 2026-06-01 Pending — MiRealSource-MiMLS
• 2026-06-01 Pending — REALCOMP
• 2026-05-14 Price Changed $240,000 MiRealSource-MiMLS
• 2026-05-13 Price Changed $240,000 REALCOMP
• 2026-04-30 Listed $250,000 REALCOMP
• 2026-04-30 Listed $250,000 MiRealSource-MiMLS
• 2011-05-12 Sold (MLS) $94,000 REALCOMP
• 2011-05-12 Sold (MLS) $94,000 MiRealSource-MiMLS
• 2011-05-10 Listing Removed — MiRealSource-MiMLS
• 2011-04-06 Listed $94,900 MiRealSource-MiMLS
• 2011-04-04 Listed $94,900 REALCOMP
• 2002-07-31 Sold (MLS) $156,000 MiRealSource-MiMLS
• 2002-06-25 Listing Removed — MiRealSource-MiMLS
• 2002-05-29 Listed $158,700 MiRealSource-MiMLS
• 2000-06-08 Sold (Public Records) $144,000 Public Records
• 1997-10-15 Sold (Public Records) $107,350 Public Records
• 1994-04-11 Sold (Public Records) $76,000 Public Records

Property tax history

+2.8%/yr

Latest (2025): $3,127 · +3.0% YoY. Source: county tax records.