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1750 N Hix Rd
B- Composite 68.03
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

1750 N Hix Rd · Westland, MI 48185
4 bd · 1.0 ba · 748 sqft · SingleFamily public records · 6 Days on market
Built 1940 1.24 ac lot

🖨 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

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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.
Recommended offer $58,000

Questions for the listing agent

  1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  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. 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?
  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
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

5-year hold
IRR
53.2%
Equity multiple
3.24×
Total profit
$36,304
Equity at exit
$8,648
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $616
Max offer price $58,000
Occupancy floor 46%

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

  1. 2025-08-18
    status 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.

  2. 2025-08-18
    status 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.

  3. 2025-08-13
    listed $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.

  4. 2025-08-13
    listed $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.

  5. 2025-08-13
    historical $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

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Walkable amenities ~0.75 mi

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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
combined federal + state — saved on this device
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

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

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
43.2% rent · 56.8% 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

Price history

+0.0% since first listed
5 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%/yr

Latest (2025): $1,900 · -1.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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