🏷️ Likely Rental
28810 Townley St · Madison Heights, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
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 +15.9/30.0
- ARV discount +15.0/15.0
- DSCR +4.9/10.0
- 1% rule +4.1/10.0
- 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
$185,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this excellent opportunity where comfort, functionality, and built-in income come together in one smart investment. This charming 3-bedroom, 1-bath ranch offers an efficient and inviting layout, providing a well-designed package. Sunlight fills the living spaces, creating a warm, welcoming atmosphere that feels like home from the moment you walk in. Step outside and you will find a standout feature that sets this property apart: a spacious 2.5-car detached garage, perfect for car enthusiasts, extra storage, a workshop, or hobby space. The fully fenced backyard provides privacy and flexibility-ideal for pets, entertaining, or simply enjoying your own outdoor retreat. But what truly makes this property shine is its income-producing advantage. The home comes with an existing leased package generating $1650 per month in steady cash flow. Whether you are an investor looking to expand your portfolio or a homeowner seeking supplemental income, this built-in revenue stream adds immediate and tangible value. The house is being sold "AS IS" condition. The Seller is not going to do any repairs. Affordable, practical, and profitable-this property checks all the boxes. Don't miss your chance to own a home that works for you from day one. Schedule an appointment to see the property today. Viewing only on Wednesday after 5:30 pm and Saturday only.
Key facts
- 4,792 sq ft lot
- 2 garage spots
- Built 1958
Property features AI
Finance
- Other: Property type: Residential; Property subtype: Single Family Residence; Directions: from 12 miles road to Townley and go south; house is on the east side of the street; Cross street: 12 miles road
- Financial info: Tax information not included per instructions
- HOA & community: Not specified
Exterior
- Parking: Detached garage; Approximately 2.5 garage spaces; Driveway; Garage faces front; Garage door opener
- Security: Not specified
- Utilities: Public water; Public sewer
- Home design: Single-family residence; One story; Ground level entry; Above-grade living area of 998 square feet; Subdivision: WILLSON LAWN
- Construction: Aluminum siding and block construction
- Exterior features: Paved road access; Lot approximately 0.11 acres (40 x 120); No pool
Interior
- Kitchen: Not specified
- Bedrooms: Not specified
- Flooring: Not specified
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating; Natural gas heating; No cooling
- Interior features: Crawl space basement; 6 total rooms
- Laundry & utility: Has heating
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $185k.
Deal economics
- At list price, monthly cash flow is $87 ($1k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (8.8% below list).
- Recommended offer: $169k (8.8% below list) — sets the bar for 1% rule.
- Cap rate 6.9% vs local median 5.7% in Madison Heights — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
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: 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.
- Zoned schools: Edmonson Elementary School (math 27% / reading 57%, grade F, #547 of 1,397 statewide, top 41%, 280 students, 56% FRL); Page Middle School (math 23% / reading 47%, grade F, #283 of 493 statewide, top 58%, 554 students, 54% FRL); Lamphere High School (math 32% / reading 57%, grade F, #214 of 713 statewide, top 36%, 729 students, 48% FRL).
- Market conditions: Rents rising (+2.8%/yr); 141 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
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 53 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
- 12 sale attempts since 25y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $82k; list at $185k implies a 126% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 53 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.91% ✗
- Cap rate
- 6.85%
- Cash-on-cash
- 2.00%
- DSCR
- 1.09
- GRM
- 9.1
CMA / ARV
- ARV (median comp)
- $243,648
- List price
- $185,000
- Delta
- -24.07%
- 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 |
|---|---|---|---|---|---|---|---|
| 28816 Groveland St | 0.06mi | 3/1.0 | 1,092 (+10%) | 1mo | $208,000 | $190 | 78 |
| 29329 Tawas St | 0.35mi | 3/1.5 | 1,002 (+1%) | 2mo | $240,000 | $240 | 78 |
| 28425 Alger Blvd | 0.27mi | 3/1.0 | 947 (-4%) | 3mo | $239,000 | $252 | 77 |
| 27463 Delton St | 0.57mi | 3/1.0 | 1,056 (+7%) | 0mo | $234,000 | $222 | 62 |
| 318 Royal Park Ln | 0.66mi | 3/1.0 | 1,026 (+4%) | 2mo | $161,000 | $157 | 61 |
| 27720 Barrington St | 0.62mi | 3/1.0 | 1,036 (+5%) | 3mo | $175,000 | $169 | 61 |
| 27423 Groveland St | 0.61mi | 3/1.0 | 1,066 (+8%) | 1mo | $200,000 | $188 | 57 |
| 1224 Darlene Ave | 0.60mi | 3/1.0 | 1,065 (+8%) | 3mo | $220,000 | $207 | 56 |
| 1228 Connie Ave | 0.66mi | 3/1.0 | 1,073 (+9%) | 1mo | $210,000 | $196 | 54 |
| 27709 Dartmouth St | 0.68mi | 3/1.0 | 905 (-8%) | 2mo | $225,000 | $249 | 53 |
| 27377 Palmer Blvd | 0.73mi | 3/1.0 | 910 (-8%) | 1mo | $189,900 | $209 | 52 |
| 29126 Shirley Ave | 0.54mi | 3/1.0 | 1,120 (+13%) | 2mo | $178,000 | $159 | 51 |
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
- IRR
- -13.3%
- Equity multiple
- 0.52×
- Total profit
- $-24,782
- Equity at exit
- $27,584
- IRR
- -4.7%
- Equity multiple
- 0.70×
- Total profit
- $-15,775
- Equity at exit
- $15,995
Cash invested: $51,800 (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
ZIP-level market 48071
- Rents YoY
- 2.8%
- Active inventory
- 141
- Price-to-rent
- 9.1×
Monthly cashflow live
- Estimated rent
- $1,687 high interval (Pro) →
- Mortgage (P&I)
- −$970
- Tax from tax record
- −$199 /mo · $2,385/yr
- Insurance
- −$77
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$354
- Net cashflow
- $87
Break-even live
Sensitivity live
| Price | -10% $191 | -5% $139 | +0% $87 | +5% $34 | +10% $-18 |
|---|---|---|---|---|---|
| Rent | -10% $-47 | -5% $20 | +0% $87 | +5% $153 | +10% $220 |
| Rate | -1.0pp $180 | -0.5pp $134 | base $87 | +0.5pp $39 | +1.0pp $-10 |
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
- $46,250
- Closing costs
- $5,550
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 17 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 28218 Diesing Dr Madison Heights, MI | 3.0 | 1.5 | 1009 | $1,700 | $1.68 | 45d | 1 | 0.44mi |
| 27865 Brettonwoods St Madison Heights, MI | 3.0 | 2.0 | 964 | $2,000 | $2.07 | 13d | 1 | 0.67mi |
| 27392 Osmun St Madison Heights, MI | 2.0 | 1.0 | 696 | $1,250 | $1.80 | 25d | 1 | 0.68mi |
| 1554 Cynthia Ave Madison Heights, MI | 3.0 | 1.5 | 1021 | $1,950 | $1.91 | 5d | 1 | 0.74mi |
| 14895 Twelve Mile Rd Warren, MI | 1.0–2.0 | 1.0–1.5 | 1025 | $1,560 | $1.52 | 3d | 4 | 0.85mi |
| 27700 N Stephenson Hwy Madison Heights, MI | 1.0–2.0 | 1.0 | 747 | $1,450 | $1.94 | 0d | 8 | 0.88mi |
| 27385 Park Ct Unit 1364147P Madison Heights, MI | 3.0 | 1.0 | 904 | $1,618 | $1.79 | 0d | 1 | 0.89mi |
| 29336 Dequindre Rd Unit 103 Warren, MI | 2.0 | 1.0 | 900 | $1,245 | $1.38 | 6d | 1 | 0.95mi |
| 29408 Dequindre Rd Unit 203 Warren, MI | 2.0 | 1.0 | 900 | $1,145 | $1.27 | 6d | 1 | 1.05mi |
| 1132 N Campbell Rd Royal Oak, MI | 2.0–3.0 | 1.0–1.5 | 1125 | $2,085 | $1.85 | 0d | 8 | 1.07mi |
| 324 E Thirteen Mile Rd Madison Heights, MI | 1.0–2.0 | 1.0–1.5 | 950 | $1,775 | $1.87 | 4d | 1 | 1.09mi |
| 540 E Thirteen Mile Rd Madison Heights, MI | 2.0 | 1.0 | 825 | $1,270 | $1.54 | 6d | 1 | 1.11mi |
| 1725 Gardenia Ave Royal Oak, MI | 2.0 | 1.0 | 900 | $1,350 | $1.50 | 25d | 1 | 1.11mi |
| 1820 Taylor Ave Royal Oak, MI | 2.0 | 1.0 | 832 | $1,700 | $2.04 | 16d | 1 | 1.25mi |
| 1545 E Thirteen Mile Rd Madison Heights, MI | 2.0 | 1.0–2.0 | 870 | $1,910 | $2.20 | 0d | 15 | 1.30mi |
| 27489 Parkview Blvd Warren, MI | 1.0–2.0 | 1.0–1.5 | 850 | $1,465 | $1.72 | 0d | 11 | 1.30mi |
| 31430 John R Rd Madison Heights, MI | 1.0–2.0 | 1.0 | 870 | $1,335 | $1.53 | 45d | 1 | 1.41mi |
Listing history 43 events
-
2026-06-19status $185,000 Pending 53 DOM
-
2026-06-18days on market $185,000 Active 53 DOM
Show marketing remark (1375 chars)
Welcome to this excellent opportunity where comfort, functionality, and built-in income come together in one smart investment. This charming 3-bedroom, 1-bath ranch offers an efficient and inviting layout, providing a well-designed package. Sunlight fills the living spaces, creating a warm, welcoming atmosphere that feels like home from the moment you walk in. Step outside and you will find a standout feature that sets this property apart: a spacious 2.5-car detached garage, perfect for car enthusiasts, extra storage, a workshop, or hobby space. The fully fenced backyard provides privacy and flexibility-ideal for pets, entertaining, or simply enjoying your own outdoor retreat. But what truly makes this property shine is its income-producing advantage. The home comes with an existing leased package generating $1650 per month in steady cash flow. Whether you are an investor looking to expand your portfolio or a homeowner seeking supplemental income, this built-in revenue stream adds immediate and tangible value. The house is being sold "AS IS" condition. The Seller is not going to do any repairs. Affordable, practical, and profitable-this property checks all the boxes. Don't miss your chance to own a home that works for you from day one. Schedule an appointment to see the property today. Viewing only on Wednesday after 5:30 pm and Saturday only.
-
2026-06-17days on market $185,000 Active 52 DOM
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2026-06-16pricedays on market $185,000 Active 51 DOM
Show marketing remark (1375 chars)
Welcome to this excellent opportunity where comfort, functionality, and built-in income come together in one smart investment. This charming 3-bedroom, 1-bath ranch offers an efficient and inviting layout, providing a well-designed package. Sunlight fills the living spaces, creating a warm, welcoming atmosphere that feels like home from the moment you walk in. Step outside and you will find a standout feature that sets this property apart: a spacious 2.5-car detached garage, perfect for car enthusiasts, extra storage, a workshop, or hobby space. The fully fenced backyard provides privacy and flexibility-ideal for pets, entertaining, or simply enjoying your own outdoor retreat. But what truly makes this property shine is its income-producing advantage. The home comes with an existing leased package generating $1650 per month in steady cash flow. Whether you are an investor looking to expand your portfolio or a homeowner seeking supplemental income, this built-in revenue stream adds immediate and tangible value. The house is being sold "AS IS" condition. The Seller is not going to do any repairs. Affordable, practical, and profitable-this property checks all the boxes. Don't miss your chance to own a home that works for you from day one. Schedule an appointment to see the property today. Viewing only on Wednesday after 5:30 pm and Saturday only.
-
2026-06-15days on market $195,000 Active 50 DOM
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2026-06-13days on market $195,000 Active 48 DOM
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2026-06-09days on market $195,000 Active 44 DOM
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2026-06-08days on market $195,000 Active 43 DOM
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2026-06-07days on market $195,000 Active 42 DOM
-
2026-06-04days on market $195,000 Active 39 DOM
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2026-06-03days on market $195,000 Active 38 DOM
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2026-06-02days on market $195,000 Active 37 DOM
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2026-06-01days on market $195,000 Active 36 DOM
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2026-05-31days on market $195,000 Active 35 DOM
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2026-04-27$195,000 Active 1375-char remark
Show marketing remark (1375 chars)
Welcome to this excellent opportunity where comfort, functionality, and built-in income come together in one smart investment. This charming 3-bedroom, 1-bath ranch offers an efficient and inviting layout, providing a well-designed package. Sunlight fills the living spaces, creating a warm, welcoming atmosphere that feels like home from the moment you walk in. Step outside and you will find a standout feature that sets this property apart: a spacious 2.5-car detached garage, perfect for car enthusiasts, extra storage, a workshop, or hobby space. The fully fenced backyard provides privacy and flexibility-ideal for pets, entertaining, or simply enjoying your own outdoor retreat. But what truly makes this property shine is its income-producing advantage. The home comes with an existing leased package generating $1650 per month in steady cash flow. Whether you are an investor looking to expand your portfolio or a homeowner seeking supplemental income, this built-in revenue stream adds immediate and tangible value. The house is being sold "AS IS" condition. The Seller is not going to do any repairs. Affordable, practical, and profitable-this property checks all the boxes. Don't miss your chance to own a home that works for you from day one. Schedule an appointment to see the property today. Viewing only on Wednesday after 5:30 pm and Saturday only.
-
2026-04-27$195,000 Active 1375-char remark
Show marketing remark (1375 chars)
Welcome to this excellent opportunity where comfort, functionality, and built-in income come together in one smart investment. This charming 3-bedroom, 1-bath ranch offers an efficient and inviting layout, providing a well-designed package. Sunlight fills the living spaces, creating a warm, welcoming atmosphere that feels like home from the moment you walk in. Step outside and you will find a standout feature that sets this property apart: a spacious 2.5-car detached garage, perfect for car enthusiasts, extra storage, a workshop, or hobby space. The fully fenced backyard provides privacy and flexibility-ideal for pets, entertaining, or simply enjoying your own outdoor retreat. But what truly makes this property shine is its income-producing advantage. The home comes with an existing leased package generating $1650 per month in steady cash flow. Whether you are an investor looking to expand your portfolio or a homeowner seeking supplemental income, this built-in revenue stream adds immediate and tangible value. The house is being sold "AS IS" condition. The Seller is not going to do any repairs. Affordable, practical, and profitable-this property checks all the boxes. Don't miss your chance to own a home that works for you from day one. Schedule an appointment to see the property today. Viewing only on Wednesday after 5:30 pm and Saturday only.
-
2026-04-27historical $195,000 1375-char remark
Show marketing remark (1375 chars)
Welcome to this excellent opportunity where comfort, functionality, and built-in income come together in one smart investment. This charming 3-bedroom, 1-bath ranch offers an efficient and inviting layout, providing a well-designed package. Sunlight fills the living spaces, creating a warm, welcoming atmosphere that feels like home from the moment you walk in. Step outside and you will find a standout feature that sets this property apart: a spacious 2.5-car detached garage, perfect for car enthusiasts, extra storage, a workshop, or hobby space. The fully fenced backyard provides privacy and flexibility-ideal for pets, entertaining, or simply enjoying your own outdoor retreat. But what truly makes this property shine is its income-producing advantage. The home comes with an existing leased package generating $1650 per month in steady cash flow. Whether you are an investor looking to expand your portfolio or a homeowner seeking supplemental income, this built-in revenue stream adds immediate and tangible value. The house is being sold "AS IS" condition. The Seller is not going to do any repairs. Affordable, practical, and profitable-this property checks all the boxes. Don't miss your chance to own a home that works for you from day one. Schedule an appointment to see the property today. Viewing only on Wednesday after 5:30 pm and Saturday only.
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2014-01-30soldstatus $82,000
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2013-12-30soldstatus $82,000
Show marketing remark (180 chars)
SPOTLESS BEAUTIFULLY REMODELED 3 BEDROOM RANCH. UPDATED BATHROOM, REMODELED KITCHEN, NEWER UTILITIES, FRESHLY PAINTED, MECHANICALS. HEATED OVERSIZED 2 CAR GARAGE. LAMPHERE SCHOOLS.
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2013-12-30soldstatus $82,000
Show marketing remark (180 chars)
SPOTLESS BEAUTIFULLY REMODELED 3 BEDROOM RANCH. UPDATED BATHROOM, REMODELED KITCHEN, NEWER UTILITIES, FRESHLY PAINTED, MECHANICALS. HEATED OVERSIZED 2 CAR GARAGE. LAMPHERE SCHOOLS.
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2013-12-10historical
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2013-11-27$89,000
Show marketing remark (180 chars)
SPOTLESS BEAUTIFULLY REMODELED 3 BEDROOM RANCH. UPDATED BATHROOM, REMODELED KITCHEN, NEWER UTILITIES, FRESHLY PAINTED, MECHANICALS. HEATED OVERSIZED 2 CAR GARAGE. LAMPHERE SCHOOLS.
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2013-11-27$89,000
Show marketing remark (180 chars)
SPOTLESS BEAUTIFULLY REMODELED 3 BEDROOM RANCH. UPDATED BATHROOM, REMODELED KITCHEN, NEWER UTILITIES, FRESHLY PAINTED, MECHANICALS. HEATED OVERSIZED 2 CAR GARAGE. LAMPHERE SCHOOLS.
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2008-09-06historical
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2008-02-25$110,000
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2002-10-11soldstatus $131,000
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2002-07-10soldstatus $119,299
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2002-06-25historical
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2002-06-03$132,900
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2002-05-31$132,900
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2002-05-31historical
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2002-03-05$132,900
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2002-01-28soldstatus $120,000
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2001-06-19historical
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2001-05-24$129,899
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2001-05-23historical
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2001-05-04$132,999
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2001-05-03$134,899
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2001-05-03historical
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2001-05-02historical
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2001-03-20$134,899
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1997-10-13soldstatus $99,900
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1992-06-05soldstatus $51,500
ⓘ 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
- $2,385 · $199/mo
- Projected year-2 tax
- $2,617 · $218/mo
- Expected delta
- +$232/yr (+$19/mo · 9.7%)
ⓘ 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $20,241
- − Mortgage interest
- −$10,363
- − Property taxes
- −$2,385
- − Insurance
- −$925
- − Repairs & maintenance
- −$1,619
- − Management
- −$1,619
- − Depreciation
- −$5,382
- Taxable loss
- −$2,052
- Est. tax savings @ 24.0%
- +$493
- After-tax cash flow
- $1,531/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
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
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+259.2% since first listed33 events — show timeline
- 2026-06-18 Pending — REALCOMP
- 2026-06-18 Pending — MiRealSource-MiMLS
- 2026-06-16 Price Changed $185,000 MiRealSource-MiMLS
- 2026-06-16 Price Changed $185,000 REALCOMP
- 2026-04-27 Listed $195,000 MiRealSource-MiMLS
- 2026-04-27 Listed $195,000 REALCOMP
- 2026-04-27 Coming Soon $195,000 MiRealSource-MiMLS
- 2014-01-30 Sold (Public Records) $82,000 Public Records
- 2013-12-30 Sold (MLS) $82,000 MiRealSource-MiMLS
- 2013-12-30 Sold (MLS) $82,000 REALCOMP
- 2013-12-10 Listing Removed — MiRealSource-MiMLS
- 2013-11-27 Listed $89,000 MiRealSource-MiMLS
- 2013-11-27 Listed $89,000 REALCOMP
- 2008-09-06 Listing Removed — REALCOMP
- 2008-02-25 Listed $110,000 REALCOMP
- 2002-10-11 Sold (MLS) $131,000 MiRealSource-MiMLS
- 2002-07-10 Sold (MLS) $119,299 REALCOMP
- 2002-06-25 Listing Removed — MiRealSource-MiMLS
- 2002-06-03 Listed $132,900 MiRealSource-MiMLS
- 2002-05-31 Listing Removed — REALCOMP
- 2002-05-31 Listed $132,900 REALCOMP
- 2002-03-05 Listed $132,900 REALCOMP
- 2002-01-28 Sold (Public Records) $120,000 Public Records
- 2001-06-19 Listing Removed — REALCOMP
- 2001-05-24 Listed $129,899 REALCOMP
- 2001-05-23 Listing Removed — REALCOMP
- 2001-05-04 Listed $132,999 REALCOMP
- 2001-05-03 Listing Removed — REALCOMP
- 2001-05-03 Listed $134,899 REALCOMP
- 2001-05-02 Listing Removed — REALCOMP
- 2001-03-20 Listed $134,899 REALCOMP
- 1997-10-13 Sold (Public Records) $99,900 Public Records
- 1992-06-05 Sold (Public Records) $51,500 Public Records
Property tax history
+2.5%/yrLatest (2025): $2,385 · +2.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…