440 Jewell St · Ferndale, MI 48220

$229,000

7 bd · 2.0 ba · 1,980 sqft · SingleFamily public records · 344 Days on market

Built 1948 4,356 sqft lot $116/sqft · 31% below area Est $285k · 20% 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 +19.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• 1% rule +5.8/10.0
• Livability +4.5/5.0
• Rent growth +4.1/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

Key facts

• 4,356 sq ft lot
• Garage
• Built 1948

What this means for you Summary

Snapshot

• This is a 7-bed/2.0-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $245 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $229k).
• Recommended offer: $202k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 4.5% in Ferndale — 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 90/100 on livability (#8 in MI, #103 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: schools D+.
• Ferndale Public Schools (suburban): math 18% / reading 39% proficiency, ranked #366 of 540 in MI (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.2%/yr); 171 active listings in the ZIP; solid renter incomes; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 33% of the median local income ($90k/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 $2k of loan paydown is wiped out by about $7k 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 344 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 16y ago; this cycle's ask has dropped $90k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $229k implies a 941% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $201,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 344 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.08% ✓
• Cap rate: 7.58%
• Cash-on-cash: 4.59%
• DSCR: 1.20
• GRM: 7.7

CMA / ARV

• ARV (median comp): $285,007
• List price: $229,000
• Delta: -19.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 6.24% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-13,064
• Equity at exit: $34,145

10-year hold

• IRR: 8.1%
• Equity multiple: 1.71×
• Total profit: $45,685
• Equity at exit: $19,800

Cash invested: $64,120 (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 48220

• Rents YoY: 6.2%
• Active inventory: 171
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,472 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$412 /mo · $4,941/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $245

Break-even live

Break-even rent $2,162

Max offer price $229,000

Occupancy floor 85%

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Listing history 37 events

1. 2026-06-04
   days on market $229,000 Active 344 DOM
2. 2026-06-03
   days on market $229,000 Active 343 DOM
3. 2026-06-02
   days on market $229,000 Active 342 DOM
4. 2026-06-01
   days on market $229,000 Active 341 DOM
5. 2026-05-31
   days on market $229,000 Active 340 DOM
6. 2026-04-24
   price $229,000 100-char remark

   Show marketing remark (100 chars)

   Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

7. 2026-04-23
   price $229,000 100-char remark

   Show marketing remark (100 chars)

   Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

8. 2026-03-31
   price $234,000 100-char remark

   Show marketing remark (100 chars)

   Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

9. 2026-03-31
   price $234,000 100-char remark

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   Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

10. 2025-11-05
    price $239,900 100-char remark

    Show marketing remark (100 chars)

    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

11. 2025-11-05
    price $239,900 100-char remark

    Show marketing remark (100 chars)

    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

12. 2025-10-03
    price $249,900 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

13. 2025-10-03
    price $249,900 100-char remark

    Show marketing remark (100 chars)

    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

14. 2025-09-10
    price $259,900 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

15. 2025-09-10
    price $259,900 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

16. 2025-08-28
    price $269,900 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

17. 2025-08-28
    price $269,900 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

18. 2025-07-16
    price $279,000 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

19. 2025-07-16
    price $279,000 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

20. 2025-07-02
    price $299,900 100-char remark

    Show marketing remark (100 chars)

    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

21. 2025-07-02
    price $299,900 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

22. 2025-06-25
    listed $319,000 Active 100-char remark

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    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

23. 2025-06-25
    listed $319,000 Active 100-char remark

    Show marketing remark (100 chars)

    Cute 4 bedroom 2 bath home located in Ferndale. Close to shopping and expressways. Ready for move in

24. 2011-04-18
    soldstatus $22,000
25. 2011-04-18
    soldstatus $22,000
26. 2011-03-15
    historical
27. 2011-01-26
    listed $27,800
28. 2011-01-26
    listed $27,800
29. 2011-01-06
    historical
30. 2011-01-06
    historical
31. 2010-11-16
    listed $39,999
32. 2010-11-16
    listed $39,999
33. 2010-11-16
    historical
34. 2010-07-20
    listed $44,999
35. 2010-07-20
    historical
36. 2010-04-25
    listed $54,000
37. 1983-11-01
    soldstatus $20,500

ⓘ 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: $4,941 · $412/mo
• Projected year-2 tax: $4,941 · $412/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 ≥97°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: $29,668
• − Mortgage interest: −$12,828
• − Property taxes: −$4,941
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,373
• − Management: −$2,373
• − Depreciation: −$6,662
• Taxable loss: −$654
• Est. tax savings @ 24.0%: +$157
• After-tax cash flow: $3,098/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: Ferndale Public Schools
• NCES district ID: 2614280
• Math proficiency: 18% ▼ -3.00%
• Reading proficiency: 39% ▲ 5.00%
• Median HH income: $56,069
• Composite: 25.46/100
• National rank: #7449
• State rank: #366 of 540 in MI

Livability — Ferndale

• Score: 90/100
• State rank: #8
• US rank: #103

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ferndale, MI
• County: Oakland County · 1,009,092 people
• City population: 21,527
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 21,527
• Household income: $89,881
• Rent vs Own: 36.3% rent · 63.7% own
• Severe rent burden: 670.0

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 (72%)
• Race & ethnicity: White 72% Black 15% Two or more races 6% Hispanic / Latino 5% Asian 3%
• Common ancestry: Romanian 11% Lithuanian 6% Slovak 3%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 1%

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: ▼ -394.92%
• Current HPI: 273.0986
• Rent YoY: ▲ 6.24%
• 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

+1017.1% since first listed

32 events — show timeline

• 2026-04-24 Price Changed $229,000 MiRealSource-MiMLS
• 2026-04-23 Price Changed $229,000 REALCOMP
• 2026-03-31 Price Changed $234,000 MiRealSource-MiMLS
• 2026-03-31 Price Changed $234,000 REALCOMP
• 2025-11-05 Price Changed $239,900 MiRealSource-MiMLS
• 2025-11-05 Price Changed $239,900 REALCOMP
• 2025-10-03 Price Changed $249,900 MiRealSource-MiMLS
• 2025-10-03 Price Changed $249,900 REALCOMP
• 2025-09-10 Price Changed $259,900 MiRealSource-MiMLS
• 2025-09-10 Price Changed $259,900 REALCOMP
• 2025-08-28 Price Changed $269,900 MiRealSource-MiMLS
• 2025-08-28 Price Changed $269,900 REALCOMP
• 2025-07-16 Price Changed $279,000 MiRealSource-MiMLS
• 2025-07-16 Price Changed $279,000 REALCOMP
• 2025-07-02 Price Changed $299,900 MiRealSource-MiMLS
• 2025-07-02 Price Changed $299,900 REALCOMP
• 2025-06-25 Listed $319,000 REALCOMP
• 2025-06-25 Listed $319,000 MiRealSource-MiMLS
• 2011-04-18 Sold (MLS) $22,000 REALCOMP
• 2011-04-18 Sold (MLS) $22,000 MiRealSource-MiMLS
• 2011-03-15 Listing Removed — MiRealSource-MiMLS
• 2011-01-26 Listed $27,800 REALCOMP
• 2011-01-26 Listed $27,800 MiRealSource-MiMLS
• 2011-01-06 Listing Removed — REALCOMP
• 2011-01-06 Listing Removed — MiRealSource-MiMLS
• 2010-11-16 Listing Removed — REALCOMP
• 2010-11-16 Listed $39,999 REALCOMP
• 2010-11-16 Listed $39,999 MiRealSource-MiMLS
• 2010-07-20 Listing Removed — REALCOMP
• 2010-07-20 Listed $44,999 REALCOMP
• 2010-04-25 Listed $54,000 REALCOMP
• 1983-11-01 Sold (Public Records) $20,500 Public Records

Property tax history

+1.5%/yr

Latest (2025): $4,941 · -0.8% YoY. Source: county tax records.