1750 N Hix Rd · Westland, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
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 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Livability +3.9/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Appreciation +0.0/10.0
$58,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Here is your chance to rehab a smaller home on a wonderful, partially wooded acre + Lot in the west end of Westland. Home and garage will require a serious renovation. This is a classic cat house, it smells bad inside and will need a dumpster to collect all the refuse. All parties must sign the waiver accepting responsibility to enter the premises. This is an estate, and was a single family owned home since it was built. It also could be used as a tear down and allow you to have a beautifully wooded acre + lot to build on. Purchaser shall be responsible for obtaining any inspections and repairs required to obtain a Certificate of Occupancy. Property is sold as is, where is, with no warranties express or implied.
Key facts
- 1.24 acre lot
- 2 garage spots
- Built 1940
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/1.0-bath single-family listed at $58k.
Deal economics
- At list price, monthly cash flow is $786 ($9k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $58k).
- Cap rate 22.6% vs local median 4.4% in Westland — 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 77/100 on livability (#124 in MI, #3,067 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities C-, employment C-, crime D+.
- Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
- Zoned schools: Pd Graham Elementary School (math 12% / reading 32%, grade F, #1,035 of 1,397 statewide, top 77%, 404 students, 59% FRL); Adlai Stevenson Middle School (math 10% / reading 34%, grade F, #408 of 493 statewide, top 84%, 678 students, 55% FRL); John Glenn High School (math 21% / reading 45%, grade F, #402 of 713 statewide, top 56%, 1,542 students, 53% FRL) — zoned schools at 56% FRL track the district average.
- Market conditions: Rents flat; 163 active listings in the ZIP; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 32% 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 $401 of loan paydown is wiped out by about $2k 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 + 0.2% rent growth), your $16k cash investment doubles in ~2 years — after that, you're playing with house money.
Negotiation context
- Only 6 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: property tax is 3.3% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- 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?
- 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?
- 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
- 2.78% ✓
- Cap rate
- 22.56%
- Cash-on-cash
- 58.11%
- DSCR
- 3.59
- GRM
- 3.0
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-3.0% appreciation · 0.17% rent growth · sell at horizon
- IRR
- 53.2%
- Equity multiple
- 3.24×
- Total profit
- $36,304
- Equity at exit
- $8,648
- IRR
- 57.3%
- Equity multiple
- 5.87×
- Total profit
- $79,118
- Equity at exit
- $5,015
Cash invested: $16,240 (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 48185
- Rents YoY
- 0.2%
- Active inventory
- 163
- Price-to-rent
- 3.0×
Monthly cashflow live
- Estimated rent
- $1,612 medium interval (Pro) →
- Mortgage (P&I)
- −$304
- Tax from tax record
- −$158 /mo · $1,900/yr
- Insurance
- −$24
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$338
- Net cashflow
- $786
Break-even live
Sensitivity live
| Price | -10% $819 | -5% $803 | +0% $786 | +5% $770 | +10% $754 |
|---|---|---|---|---|---|
| Rent | -10% $659 | -5% $723 | +0% $786 | +5% $850 | +10% $914 |
| Rate | -1.0pp $816 | -0.5pp $801 | base $786 | +0.5pp $771 | +1.0pp $756 |
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
- $14,500
- Closing costs
- $1,740
- 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.
Listing history 5 events
-
2025-08-18status Pending 721-char remark
Show marketing remark (721 chars)
Here is your chance to rehab a smaller home on a wonderful, partially wooded acre + Lot in the west end of Westland. Home and garage will require a serious renovation. This is a classic cat house, it smells bad inside and will need a dumpster to collect all the refuse. All parties must sign the waiver accepting responsibility to enter the premises. This is an estate, and was a single family owned home since it was built. It also could be used as a tear down and allow you to have a beautifully wooded acre + lot to build on. Purchaser shall be responsible for obtaining any inspections and repairs required to obtain a Certificate of Occupancy. Property is sold as is, where is, with no warranties express or implied.
-
2025-08-18status Pending
Show marketing remark (721 chars)
Here is your chance to rehab a smaller home on a wonderful, partially wooded acre + Lot in the west end of Westland. Home and garage will require a serious renovation. This is a classic cat house, it smells bad inside and will need a dumpster to collect all the refuse. All parties must sign the waiver accepting responsibility to enter the premises. This is an estate, and was a single family owned home since it was built. It also could be used as a tear down and allow you to have a beautifully wooded acre + lot to build on. Purchaser shall be responsible for obtaining any inspections and repairs required to obtain a Certificate of Occupancy. Property is sold as is, where is, with no warranties express or implied.
-
2025-08-13$58,000 Active 721-char remark
Show marketing remark (721 chars)
Here is your chance to rehab a smaller home on a wonderful, partially wooded acre + Lot in the west end of Westland. Home and garage will require a serious renovation. This is a classic cat house, it smells bad inside and will need a dumpster to collect all the refuse. All parties must sign the waiver accepting responsibility to enter the premises. This is an estate, and was a single family owned home since it was built. It also could be used as a tear down and allow you to have a beautifully wooded acre + lot to build on. Purchaser shall be responsible for obtaining any inspections and repairs required to obtain a Certificate of Occupancy. Property is sold as is, where is, with no warranties express or implied.
-
2025-08-13$58,000 Active
Show marketing remark (721 chars)
Here is your chance to rehab a smaller home on a wonderful, partially wooded acre + Lot in the west end of Westland. Home and garage will require a serious renovation. This is a classic cat house, it smells bad inside and will need a dumpster to collect all the refuse. All parties must sign the waiver accepting responsibility to enter the premises. This is an estate, and was a single family owned home since it was built. It also could be used as a tear down and allow you to have a beautifully wooded acre + lot to build on. Purchaser shall be responsible for obtaining any inspections and repairs required to obtain a Certificate of Occupancy. Property is sold as is, where is, with no warranties express or implied.
-
2025-08-13historical $58,000 721-char remark
Show marketing remark (721 chars)
Here is your chance to rehab a smaller home on a wonderful, partially wooded acre + Lot in the west end of Westland. Home and garage will require a serious renovation. This is a classic cat house, it smells bad inside and will need a dumpster to collect all the refuse. All parties must sign the waiver accepting responsibility to enter the premises. This is an estate, and was a single family owned home since it was built. It also could be used as a tear down and allow you to have a beautifully wooded acre + lot to build on. Purchaser shall be responsible for obtaining any inspections and repairs required to obtain a Certificate of Occupancy. Property is sold as is, where is, with no warranties express or implied.
ⓘ 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
- $1,900 · $158/mo
- Projected year-2 tax
- $1,900 · $158/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 2/10 Low 1 unhealthy d/yr today · 3 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
- $19,339
- − Mortgage interest
- −$3,249
- − Property taxes
- −$1,900
- − Insurance
- −$290
- − Repairs & maintenance
- −$1,547
- − Management
- −$1,547
- − Depreciation
- −$1,687
- Taxable income
- $9,118
- Est. tax owed @ 24.0%
- −$2,188
- After-tax cash flow
- $7,249/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
- Wayne-Westland Community School District
- NCES district ID
- 2600015
- Math proficiency
- 11% ▼ -6.00%
- Reading proficiency
- 27% ▼ -2.00%
- Median HH income
- $43,524
- Composite
- 16.4/100
- National rank
- #9195
- State rank
- #474 of 540 in MI
Livability — Westland
- Score
- 77/100
- State rank
- #124
- US rank
- #3067
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Westland, MI
- County
- Wayne County · 1,562,939 people
- City population
- 83,633
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 48,530
- Household income
- $60,854
- Rent vs Own
- Severe rent burden
- 2263.0
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
- Diverse neighborhood (Simpson 0.56)
- Race & ethnicity
- White 63% Black 22% Two or more races 7% Asian 5% Hispanic / Latino 5%
- Common ancestry
- Romanian 11% Lithuanian 3% Italian 2%
- Foreign-born
- 11% · Canada, China
- Languages at home
- 87% English-only · Other Indo-European 5% Arabic 2% Spanish 2%
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
- ▼ -265.65%
- Current HPI
- 237.7594
- Rent YoY
- ▲ 0.17%
- 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 |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
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| Automotive Technology | 1 | $20B |
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Price history
+0.0% since first listed5 events — show timeline
- 2025-08-18 Pending — MiRealSource-MiMLS
- 2025-08-18 Pending — REALCOMP
- 2025-08-13 Listed $58,000 MiRealSource-MiMLS
- 2025-08-13 Listed $58,000 REALCOMP
- 2025-08-13 Coming Soon $58,000 MiRealSource-MiMLS
Property tax history
+2.7%/yrLatest (2025): $1,900 · -1.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…