14456 Cornell St · Taylor, MI 48180

$96,500

4 bd · 1.0 ba · 900 sqft · SingleFamily public records · 4 Days on market

Built 1955 0.31 ac lot Est $140k · 31% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Compact 900 square foot home featuring four bedrooms, two on the main level and two upper stairs, offering excellent potential for customization. The interior requires updates presenting a strong opportunity for renovation and value enhancement. The kitchen is ready for a complete remodel to suit modern tastes and functionality. Consider converting one of the main-floor bedrooms into a dedicated laundry room to improve efficiency, storage and workspace. Thoughtful updates will significantly boost overall appeal and value. Ideal for first-time homebuyers or investors. Situated on a generous 100 X 134+ foot lot, the property offers ample outdoor space and excellent potential. With City approval, there may be an opportunity to build a much-needed garage or even explore the addition of another home, adding on to existing home which only adds further value and function.

Key facts

• 0.31 acre lot
• Built 1955
• Listed 4 days

Property features AI

Exterior

• Parking: Driveway; no garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-and-a-half story; Ground-level entry with steps
• Construction: Vinyl siding
• Exterior features: Paved road access; Lot dimensions about 100 x 134.64 (0.31 acres)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Crawl space basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $96k.

Deal economics

• At list price, monthly cash flow is $678 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $96k).
• Cap rate 14.7% vs local median 5.4% in Taylor — 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 76/100 on livability (#144 in MI, #3,684 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F.
• Taylor School District (urban): math 14% / reading 27% proficiency, ranked #462 of 540 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bernice Mcdowell Elem School (math 5% / reading 10%, grade F, #1,300 of 1,397 statewide, top 94%, 239 students, 87% FRL); Robert J West Middle School (math 12% / reading 32%, grade F, #408 of 493 statewide, top 84%, 641 students, 68% FRL).
• Market conditions: Rents rising fast (+4.9%/yr); 289 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 33% of the median local income ($61k/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 $667 of loan paydown is wiped out by about $3k 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 + 4.9% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 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.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,500

Questions for the listing agent

1. Built in 1955 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F 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?
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: 1.75% ✓
• Cap rate: 14.72%
• Cash-on-cash: 30.10%
• DSCR: 2.34
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $140,400
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14134 Syracuse St	0.20mi	3/1.0 (-1)	942 (+5%)	10mo	$175,500	$186	70
14375 Cornell St	0.05mi	4/1.0	1,025 (+14%)	6mo	$169,900	$166	69
14627 Banner St	0.24mi	3/1.0 (-1)	940 (+4%)	13mo	$159,000	$169	66
14421 Bailey St	0.41mi	3/1.0 (-1)	1,001 (+11%)	1mo	$150,000	$150	56
14060 Syracuse St	0.25mi	3/1.0 (-1)	1,001 (+11%)	13mo	$133,000	$133	54
14181 Syracuse St	0.18mi	3/1.0 (-1)	1,035 (+15%)	12mo	$161,000	$156	52
14801 Burr St	0.38mi	3/1.0 (-1)	1,020 (+13%)	18mo	$130,000	$127	40
24702 Oriole St	0.69mi	3/1.0 (-1)	956 (+6%)	16mo	$224,500	$235	39
14370 Gage St	0.57mi	3/1.0 (-1)	1,020 (+13%)	9mo	$150,000	$147	39

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 · 4.9% rent growth · sell at horizon

5-year hold

• IRR: 26.8%
• Equity multiple: 2.14×
• Total profit: $30,844
• Equity at exit: $14,388

10-year hold

• IRR: 35.5%
• Equity multiple: 4.57×
• Total profit: $96,586
• Equity at exit: $8,344

Cash invested: $27,020 (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 48180

• Rents YoY: 4.9%
• Active inventory: 289
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,692 medium
• Mortgage (P&I): −$506
• Tax from tax record: −$113 /mo · $1,354/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $678

Break-even live

Break-even rent $834

Max offer price $96,500

Occupancy floor 55%

Sensitivity live

Price	-10% $732	-5% $705	+0% $678	+5% $650	+10% $623
Rent	-10% $544	-5% $611	+0% $678	+5% $745	+10% $811
Rate	-1.0pp $726	-0.5pp $702	base $678	+0.5pp $653	+1.0pp $627

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: $24,125
• Closing costs: $2,895
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12555 Pine St Taylor, MI	1.0–3.0	1.0–1.5	830	$1,435	$1.73	0d	1	1.01mi

Listing history 6 events

1. 2026-06-01
   status $96,500 Pending 4 DOM
2. 2026-05-31
   days on market $96,500 Active 4 DOM
3. 2026-05-04
   status Pending 877-char remark

   Show marketing remark (877 chars)

   Compact 900 square foot home featuring four bedrooms, two on the main level and two upper stairs, offering excellent potential for customization. The interior requires updates presenting a strong opportunity for renovation and value enhancement. The kitchen is ready for a complete remodel to suit modern tastes and functionality. Consider converting one of the main-floor bedrooms into a dedicated laundry room to improve efficiency, storage and workspace. Thoughtful updates will significantly boost overall appeal and value. Ideal for first-time homebuyers or investors. Situated on a generous 100 X 134+ foot lot, the property offers ample outdoor space and excellent potential. With City approval, there may be an opportunity to build a much-needed garage or even explore the addition of another home, adding on to existing home which only adds further value and function.

4. 2026-05-04
   status Pending

   Show marketing remark (877 chars)

   Compact 900 square foot home featuring four bedrooms, two on the main level and two upper stairs, offering excellent potential for customization. The interior requires updates presenting a strong opportunity for renovation and value enhancement. The kitchen is ready for a complete remodel to suit modern tastes and functionality. Consider converting one of the main-floor bedrooms into a dedicated laundry room to improve efficiency, storage and workspace. Thoughtful updates will significantly boost overall appeal and value. Ideal for first-time homebuyers or investors. Situated on a generous 100 X 134+ foot lot, the property offers ample outdoor space and excellent potential. With City approval, there may be an opportunity to build a much-needed garage or even explore the addition of another home, adding on to existing home which only adds further value and function.

5. 2026-04-28
   listed $96,500 Active 877-char remark

   Show marketing remark (877 chars)

   Compact 900 square foot home featuring four bedrooms, two on the main level and two upper stairs, offering excellent potential for customization. The interior requires updates presenting a strong opportunity for renovation and value enhancement. The kitchen is ready for a complete remodel to suit modern tastes and functionality. Consider converting one of the main-floor bedrooms into a dedicated laundry room to improve efficiency, storage and workspace. Thoughtful updates will significantly boost overall appeal and value. Ideal for first-time homebuyers or investors. Situated on a generous 100 X 134+ foot lot, the property offers ample outdoor space and excellent potential. With City approval, there may be an opportunity to build a much-needed garage or even explore the addition of another home, adding on to existing home which only adds further value and function.

6. 2026-04-28
   listed $96,500 Active

   Show marketing remark (877 chars)

   Compact 900 square foot home featuring four bedrooms, two on the main level and two upper stairs, offering excellent potential for customization. The interior requires updates presenting a strong opportunity for renovation and value enhancement. The kitchen is ready for a complete remodel to suit modern tastes and functionality. Consider converting one of the main-floor bedrooms into a dedicated laundry room to improve efficiency, storage and workspace. Thoughtful updates will significantly boost overall appeal and value. Ideal for first-time homebuyers or investors. Situated on a generous 100 X 134+ foot lot, the property offers ample outdoor space and excellent potential. With City approval, there may be an opportunity to build a much-needed garage or even explore the addition of another home, adding on to existing home which only adds further value and function.

ⓘ 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: $1,354 · $113/mo
• Projected year-2 tax: $1,420 · $118/mo
• Expected delta: +$66/yr (+$5/mo · 4.9%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,307
• − Mortgage interest: −$5,406
• − Property taxes: −$1,354
• − Insurance: −$482
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − Depreciation: −$2,807
• Taxable income: $7,008
• Est. tax owed @ 24.0%: −$1,682
• After-tax cash flow: $6,451/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: Taylor School District
• NCES district ID: 2633540
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 27% ▼ -4.00%
• Median HH income: $43,062
• Composite: 17.62/100
• National rank: #9034
• State rank: #462 of 540 in MI

Livability — Taylor

• Score: 76/100
• State rank: #144
• US rank: #3684

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, MI
• County: Wayne County · 1,562,939 people
• City population: 62,081
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 62,081
• Household income: $61,081
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1957.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 4% Arabic 3% Other Indo-European 3%

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: ▼ -212.33%
• Current HPI: 228.921
• Rent YoY: ▲ 4.90%
• 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

4 events — show timeline

• 2026-05-04 Pending — MiRealSource-MiMLS
• 2026-05-04 Pending — REALCOMP
• 2026-04-28 Listed $96,500 REALCOMP
• 2026-04-28 Listed $96,500 MiRealSource-MiMLS

Property tax history

-0.5%/yr

Latest (2025): $1,354 · -18.8% YoY. Source: county tax records.