6430 Banner St · Taylor, MI 48180

$150,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 76 Days on market

Built 1951 5,227 sqft lot $149/sqft · at area comps Est $146k · at est. ↓ 9% since listing

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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 +22.6/30.0
• DSCR +7.2/10.0
• ARV discount +6.2/15.0
• 1% rule +5.6/10.0
• 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

This inviting ranch-style home offering 3-bedrooms 1-bath, comfort, convenience, and potential. With its single-level layout, this property is ideal for first-time homebuyers seeking a move-in-ready space or investors looking for a strong rental or resale opportunity. Features include a spacious and functional floor plan, spacious living area in the back of the house for extra family gathering, and a large back yard perfect for entertaining or future expansion. The home’s simple design makes upkeep easy while providing plenty of room to customize to your style. Centrally located and close to schools, shopping, and major highways, this property combines affordability with long-term value. Don’t miss your chance to make this versatile ranch home yours today! Updates include new furnace, freshly refinished hard wood floors, newer windows, and a new hot water tank. All window drapes and window treatments stay. 10 inches of attic insulation for energy efficiency, some new windows in the 1 and 1/2 car garage. The galley kitchen features a new Dishwasher, a Gas Stove and Microwave that stay. Nestled on a quiet, tree-lined street, this home offers unbeatable value. with equity Owner has provided the C of O, so this property is in move in ready condition! Turn off all lights BATVAI; Showing Instructions: Agent must be present for all showings. Lockbox on front door.

Key facts

• New furnace
• Single level layout
• Spacious living area

Tags

• RANCH STYLE HOME
• SINGLE LEVEL LAYOUT
• SPACIOUS LIVING AREA
• LARGE BACK YARD
• CENTRALLY LOCATED
• NEW FURNACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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+, schools F, 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.
• Market conditions: Rents rising fast (+4.9%/yr); 290 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 31% 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 $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 7 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 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.06% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.26%
• DSCR: 1.32
• GRM: 7.9

CMA / ARV

• ARV (median comp): $145,910
• List price: $150,000
• Delta: 2.80%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6512 Syracuse St	0.30mi	3/1.0	1,001 (-1%)	3mo	$139,046	$139	82
6469 Troy St	0.22mi	3/1.0	949 (-6%)	1mo	$136,000	$143	80
5952 Banner St	0.37mi	3/1.0	949 (-6%)	1mo	$144,000	$152	73
5936 Westlake St	0.53mi	3/1.0	1,001 (-1%)	3mo	$165,000	$165	72
6055 Bailey St	0.34mi	3/1.0	950 (-6%)	4mo	$145,000	$153	72
6042 Banner St	0.30mi	3/1.0	892 (-12%)	3mo	$135,000	$151	64
6587 Elm St	0.55mi	3/1.0	949 (-6%)	1mo	$165,000	$174	63
6474 Birch St	0.58mi	3/1.0	960 (-5%)	4mo	$140,000	$146	62
6038 Michael St	0.63mi	3/1.0	936 (-7%)	0mo	$167,000	$178	59
7205 Cherokee St	0.67mi	3/1.5	960 (-5%)	1mo	$170,000	$177	58
6672 Madison St	0.40mi	3/1.0	864 (-14%)	5mo	$185,000	$214	53
24443 Powers Ave	0.74mi	3/1.0	892 (-12%)	4mo	$125,000	$140	43

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: -3.1%
• Equity multiple: 0.88×
• Total profit: $-5,040
• Equity at exit: $22,365

10-year hold

• IRR: 8.5%
• Equity multiple: 1.71×
• Total profit: $29,620
• Equity at exit: $12,969

Cash invested: $42,000 (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: 290
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,585 high
• Mortgage (P&I): −$787
• Tax from tax record: −$149 /mo · $1,792/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $254

Break-even live

Break-even rent $1,264

Max offer price $150,000

Occupancy floor 79%

Sensitivity live

Price	-10% $339	-5% $296	+0% $254	+5% $212	+10% $169
Rent	-10% $129	-5% $191	+0% $254	+5% $317	+10% $379
Rate	-1.0pp $330	-0.5pp $292	base $254	+0.5pp $215	+1.0pp $176

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7873 Syracuse St Taylor, MI	2.0	1.0	728	$1,400	$1.92	45d	1	0.82mi
4481 Westpoint St Dearborn Heights, MI	3.0	2.0	768	$1,549	$2.02	16d	1	1.06mi
24268 Haskell St Taylor, MI	1.0–2.0	1.0	880	$1,570	$1.78	0d	7	1.12mi
24684 Lehigh St Dearborn Heights, MI	4.0	1.0	878	$1,600	$1.82	13d	1	1.15mi
25016 Lehigh St Dearborn Heights, MI	2.0	1.0	1000	$1,400	$1.40	5d	1	1.18mi
24601 Andover Dr Dearborn Heights, MI	3.0	1.5	1092	$1,700	$1.56	3d	1	1.29mi
4934 McKinley St Dearborn Heights, MI	3.0	1.0	1051	$1,700	$1.62	0d	1	1.31mi
24154 Dartmouth St Dearborn, MI	2.0	1.0	950	$1,275	$1.34	16d	1	1.37mi
3901 Academy St Dearborn Heights, MI	4.0	2.0	1400	$2,100	$1.50	0d	1	1.44mi
3809 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,400	$1.35	45d	1	1.46mi
26089 Lehigh St Inkster, MI	2.0	1.0	900	$1,295	$1.44	18d	1	1.48mi
3755 Heritage Pkwy Dearborn, MI	2.0	1.0	830	$1,450	$1.75	45d	1	1.49mi
26274 McDonald St Dearborn Heights, MI	3.0	1.0	1365	$1,575	$1.15	0d	1	1.49mi

Listing history 31 events

1. 2026-06-21
   days on market $150,000 Active 76 DOM
2. 2026-06-18
   days on market $150,000 Active 73 DOM
3. 2026-06-17
   days on market $150,000 Active 72 DOM
4. 2026-06-16
   days on market $150,000 Active 71 DOM
5. 2026-06-15
   days on market $150,000 Active 70 DOM
6. 2026-06-13
   days on market $150,000 Active 68 DOM
7. 2026-06-13
   days on market $150,000 Active 67 DOM
8. 2026-06-09
   days on market $150,000 Active 64 DOM
9. 2026-06-08
   days on market $150,000 Active 63 DOM
10. 2026-06-07
    days on market $150,000 Active 62 DOM
11. 2026-06-04
    days on market $150,000 Active 59 DOM
12. 2026-06-03
    days on market $150,000 Active 58 DOM
13. 2026-06-02
    days on market $150,000 Active 57 DOM
14. 2026-06-01
    days on market $150,000 Active 56 DOM
15. 2026-05-31
    days on market $150,000 Active 55 DOM
16. 2026-05-05
    status Active 1391-char remark

    Show marketing remark (1391 chars)

    This inviting ranch-style home offering 3-bedrooms 1-bath, comfort, convenience, and potential. With its single-level layout, this property is ideal for first-time homebuyers seeking a move-in-ready space or investors looking for a strong rental or resale opportunity. Features include a spacious and functional floor plan, spacious living area in the back of the house for extra family gathering, and a large back yard perfect for entertaining or future expansion. The home’s simple design makes upkeep easy while providing plenty of room to customize to your style. Centrally located and close to schools, shopping, and major highways, this property combines affordability with long-term value. Don’t miss your chance to make this versatile ranch home yours today! Updates include new furnace, freshly refinished hard wood floors, newer windows, and a new hot water tank. All window drapes and window treatments stay. 10 inches of attic insulation for energy efficiency, some new windows in the 1 and 1/2 car garage. The galley kitchen features a new Dishwasher, a Gas Stove and Microwave that stay. Nestled on a quiet, tree-lined street, this home offers unbeatable value. with equity Owner has provided the C of O, so this property is in move in ready condition! Turn off all lights BATVAI; Showing Instructions: Agent must be present for all showings. Lockbox on front door.

17. 2026-05-04
    historical 1391-char remark

    Show marketing remark (1391 chars)

    This inviting ranch-style home offering 3-bedrooms 1-bath, comfort, convenience, and potential. With its single-level layout, this property is ideal for first-time homebuyers seeking a move-in-ready space or investors looking for a strong rental or resale opportunity. Features include a spacious and functional floor plan, spacious living area in the back of the house for extra family gathering, and a large back yard perfect for entertaining or future expansion. The home’s simple design makes upkeep easy while providing plenty of room to customize to your style. Centrally located and close to schools, shopping, and major highways, this property combines affordability with long-term value. Don’t miss your chance to make this versatile ranch home yours today! Updates include new furnace, freshly refinished hard wood floors, newer windows, and a new hot water tank. All window drapes and window treatments stay. 10 inches of attic insulation for energy efficiency, some new windows in the 1 and 1/2 car garage. The galley kitchen features a new Dishwasher, a Gas Stove and Microwave that stay. Nestled on a quiet, tree-lined street, this home offers unbeatable value. with equity Owner has provided the C of O, so this property is in move in ready condition! Turn off all lights BATVAI; Showing Instructions: Agent must be present for all showings. Lockbox on front door.

18. 2026-04-03
    listed $150,000 Active 1391-char remark

    Show marketing remark (1379 chars)

    This inviting ranch-style home offering 3-bedrooms 1-bath, comfort, convenience, and potential. With its single-level layout, this property is ideal for first-time homebuyers seeking a move-in-ready space or investors looking for a strong rental or resale opportunity. Features include a spacious and functional floor plan, spacious living area in the back of the house for extra family gathering, and a large back yard perfect for entertaining or future expansion. The home's simple design makes upkeep easy while providing plenty of room to customize to your style. Centrally located and close to schools, shopping, and major highways, this property combines affordability with long-term value. Don't miss your chance to make this versatile ranch home yours today! Updates include new furnace, freshly refinished hard wood floors, newer windows, and a new hot water tank. All window drapes and window treatments stay. 10 inches of attic insulation for energy efficiency, some new windows in the 1 and 1/2 car garage. The galley kitchen features a new Dishwasher, a Gas Stove and Microwave that stay. Nestled on a quiet, tree-lined street, this home offers unbeatable value. with equity Owner has provided the C of O, so this property is in move in ready condition! Turn off all lights BATVAI; Showing Instructions: Agent must be present for all showings. Lockbox on front door.

19. 2026-04-03
    listed $150,000 Active 1379-char remark

    Show marketing remark (1379 chars)

    This inviting ranch-style home offering 3-bedrooms 1-bath, comfort, convenience, and potential. With its single-level layout, this property is ideal for first-time homebuyers seeking a move-in-ready space or investors looking for a strong rental or resale opportunity. Features include a spacious and functional floor plan, spacious living area in the back of the house for extra family gathering, and a large back yard perfect for entertaining or future expansion. The home's simple design makes upkeep easy while providing plenty of room to customize to your style. Centrally located and close to schools, shopping, and major highways, this property combines affordability with long-term value. Don't miss your chance to make this versatile ranch home yours today! Updates include new furnace, freshly refinished hard wood floors, newer windows, and a new hot water tank. All window drapes and window treatments stay. 10 inches of attic insulation for energy efficiency, some new windows in the 1 and 1/2 car garage. The galley kitchen features a new Dishwasher, a Gas Stove and Microwave that stay. Nestled on a quiet, tree-lined street, this home offers unbeatable value. with equity Owner has provided the C of O, so this property is in move in ready condition! Turn off all lights BATVAI; Showing Instructions: Agent must be present for all showings. Lockbox on front door.

20. 2026-02-26
    historical
21. 2026-02-26
    historical
22. 2026-01-01
    listed $159,000 Active
23. 2026-01-01
    listed $159,000 Active
24. 2026-01-01
    historical
25. 2026-01-01
    historical
26. 2025-10-16
    price $159,000
27. 2025-10-16
    price $159,000
28. 2025-08-02
    price $165,000
29. 2025-08-01
    price $165,000
30. 2025-08-01
    listed $165 Active
31. 2025-07-31
    listed $165 Active

ⓘ 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: $1,792 · $149/mo
• Projected year-2 tax: $2,051 · $171/mo
• Expected delta: +$259/yr (+$22/mo · 14.4%)

ⓘ 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,025
• − Mortgage interest: −$8,402
• − Property taxes: −$1,792
• − Insurance: −$750
• − Repairs & maintenance: −$1,522
• − Management: −$1,522
• − Depreciation: −$4,364
• Taxable income: $673
• Est. tax owed @ 24.0%: −$161
• After-tax cash flow: $2,887/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

-9.1% since first listed

16 events — show timeline

• 2026-05-05 Relisted — REALCOMP
• 2026-05-04 Listing Removed — REALCOMP
• 2026-04-03 Listed $150,000 MiRealSource-MiMLS
• 2026-04-03 Listed $150,000 REALCOMP
• 2026-02-26 Listing Removed — REALCOMP
• 2026-02-26 Listing Removed — MiRealSource-MiMLS
• 2026-01-01 Listing Removed — MiRealSource-MiMLS
• 2026-01-01 Listing Removed — REALCOMP
• 2026-01-01 Listed $159,000 REALCOMP
• 2026-01-01 Listed $159,000 MiRealSource-MiMLS
• 2025-10-16 Price Changed $159,000 MiRealSource-MiMLS
• 2025-10-16 Price Changed $159,000 REALCOMP
• 2025-08-02 Price Changed $165,000 MiRealSource-MiMLS
• 2025-08-01 Price Changed $165,000 REALCOMP
• 2025-08-01 Listed $165 REALCOMP
• 2025-07-31 Listed $165 MiRealSource-MiMLS

Property tax history

+0.7%/yr

Latest (2025): $1,792 · -8.7% YoY. Source: county tax records.