422 La Porte Ct · Rochester Hills, MI 48307

$62,500

4 bd · 2.0 ba · 1,568 sqft · Manufactured · 244 Days on market

Built 2005 Fair condition $40/sqft · 24% above area Est $50k · 24% over ↓ 11% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.9/10.0
• Livability +3.9/5.0
• Rent growth +2.9/5.0
• Condition / age +2.2/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts-all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

Key facts

• Clubhouse
• Walk-in closet
• Double lot

Tags

• DOUBLE LOT
• OPEN KITCHEN
• NATURAL LIGHT
• WALK-IN CLOSET
• CLUBHOUSE
• SWIMMING POOL

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $62k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $62k).
• Recommended offer: $55k (12.0% below list) — sets the bar for market timing.
• Cap rate 37.1% vs local median 3.2% in Rochester Hills — 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 (#127 in MI, #3,163 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Rochester Community School District (suburban): math 60% / reading 69% proficiency, ranked #21 of 540 in MI (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.8%/yr); 208 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $432 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $18k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 244 days — a 12% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $7k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $55,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 244 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 4.12% ✓
• Cap rate: 37.07%
• Cash-on-cash: 109.92%
• DSCR: 5.89
• GRM: 2.0

CMA / ARV

• ARV (median comp): $50,256
• List price: $62,500
• Delta: 24.36%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
422 La Porte Ct	0.00mi	4/2.0	1,568 (0%)	1mo	$60,000	$38	100

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 · 1.78% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.08×
• Total profit: $88,886
• Equity at exit: $9,319

10-year hold

• IRR: —
• Equity multiple: 12.23×
• Total profit: $196,518
• Equity at exit: $5,404

Cash invested: $17,500 (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 48307

• Rents YoY: 1.8%
• Active inventory: 208
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $2,576 medium
• Mortgage (P&I): −$328
• Tax est. 1.5%: −$78 /mo · $938/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$541
• Net cashflow: $1,603

Break-even live

Break-even rent $547

Max offer price $62,500

Occupancy floor 33%

Sensitivity live

Price	-10% $1,646	-5% $1,625	+0% $1,603	+5% $1,581	+10% $1,560
Rent	-10% $1,400	-5% $1,501	+0% $1,603	+5% $1,705	+10% $1,807
Rate	-1.0pp $1,635	-0.5pp $1,619	base $1,603	+0.5pp $1,587	+1.0pp $1,570

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: $15,625
• Closing costs: $1,875
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1515 Goldrush Rochester Hills, MI	1.0–3.0	1.0–2.5	1573	$2,613	$1.66	0d	6	0.16mi
1090 Academy Dr Rochester Hills, MI	2.0–3.0	2.0	1565	$2,335	$1.49	0d	1	0.66mi
701 Green Cir Rochester, MI	1.0–3.0	1.0–2.5	1133	$2,547	$2.25	0d	46	1.26mi

Listing history 8 events

1. 2026-05-14
   status Pending 1001-char remark

   Show marketing remark (1007 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts—all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

2. 2026-05-14
   status Pending 1007-char remark

   Show marketing remark (1007 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts—all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

3. 2026-02-13
   price $62,500 1007-char remark

   Show marketing remark (1007 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts—all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

4. 2026-02-12
   price $62,500 1001-char remark

   Show marketing remark (1001 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts-all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

5. 2026-01-01
   price $64,985 1007-char remark

   Show marketing remark (1007 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts—all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

6. 2025-12-31
   price $64,985 1001-char remark

   Show marketing remark (1001 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts-all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

7. 2025-09-12
   listed $69,985 Active 1001-char remark

   Show marketing remark (1007 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts—all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

8. 2025-09-12
   listed $69,985 Active 1007-char remark

   Show marketing remark (1007 chars)

   Welcome to this inviting 4-bedroom, 2-bath home set on a rare double lot in a coveted location within the award-winning Rochester School District. Sunlight pours in through skylights, highlighting the newer plank flooring and creating a bright, welcoming atmosphere throughout the open living and dining spaces. The expansive kitchen offers room to gather, cook, and connect. The private primary suite, thoughtfully separated from the other bedrooms, features a full bath and a walk-in closet for comfortable everyday living. Each additional bedroom provides generous space and storage, giving everyone room to spread out. With all appliances included and a new 40-gallon hot water tank, the home is truly move-in ready. Step outside and enjoy a vibrant community offering a clubhouse, swimming pool, playground, and basketball courts—all surrounded by beautifully maintained grounds and activities for every age. Here, comfort, convenience, and lifestyle come together in one exceptional opportunity.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,911
• − Mortgage interest: −$3,501
• − Property taxes: −$938
• − Insurance: −$312
• − Repairs & maintenance: −$2,473
• − Management: −$2,473
• − Depreciation: −$1,818
• Taxable income: $19,396
• Est. tax owed @ 24.0%: −$4,655
• After-tax cash flow: $14,582/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.

Condition & rehab AI · 2 photos

Fair 45/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance, including painting and landscaping, to improve its curb appeal and overall value.

Repairs flagged

• Minor Painting — Exterior siding appears faded
• Minor Landscaping — Some areas of grass appear patchy

Value-add opportunities

• Both Painting the exterior siding — Enhances curb appeal and value
• Both Landscaping the front yard — Improves curb appeal and enhances property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Painting · Exterior siding appears faded	Minor	$500–3,000
Landscaping · Some areas of grass appear patchy	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Painting the exterior siding — Enhances curb appeal and value ↑
• Both Landscaping the front yard — Improves curb appeal and enhances property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Rochester Community School District
• NCES district ID: 2629940
• Math proficiency: 60% ▼ -9.00%
• Reading proficiency: 69% ▼ -4.00%
• Median HH income: $89,242
• Composite: 58.53/100
• National rank: #994
• State rank: #21 of 540 in MI

Livability — Rochester Hills

• Score: 77/100
• State rank: #127
• US rank: #3163

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rochester Hills, MI
• County: Oakland County · 1,009,092 people
• City population: 44,714
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 44,714
• Household income: $106,576
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 926.0

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 (74%)
• Race & ethnicity: White 74% Asian 14% Two or more races 6% Black 4% Hispanic / Latino 4%
• Common ancestry: Romanian 9% Lithuanian 3% Slovak 2%
• Foreign-born: 19% · Canada, China, South Korea
• Languages at home: 76% English-only · Other Indo-European 9% Spanish 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: ▼ -339.13%
• Current HPI: 188.8794
• Rent YoY: ▲ 1.78%
• 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

-10.7% since first listed

8 events — show timeline

• 2026-05-14 Pending — REALCOMP
• 2026-05-14 Pending — MiRealSource-MiMLS
• 2026-02-13 Price Changed $62,500 MiRealSource-MiMLS
• 2026-02-12 Price Changed $62,500 REALCOMP
• 2026-01-01 Price Changed $64,985 MiRealSource-MiMLS
• 2025-12-31 Price Changed $64,985 REALCOMP
• 2025-09-12 Listed $69,985 REALCOMP
• 2025-09-12 Listed $69,985 MiRealSource-MiMLS