29193 Hazelwood · Huron, MI 48134

$37,000

3 bd · 2.0 ba · 1,904 sqft · Manufactured · 44 Days on market

Built 1988 Good condition 4,356 sqft lot $19/sqft · 90% below area ↓ 7% since listing

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Condition / age +3.8/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large updated home with a large deck. Inside, you'll find a spacious layout with newer laminate and luxury vinyl plank flooring throughout most rooms. Upon entering from the large deck, you're greeted by an expansive open living space. The formal dining and living rooms are both roomy and inviting. The island kitchen, with sleek grey cabinets, offers abundant storage and seamlessly connects to a second dining area and the expansive family room. The recently updated laundry room is conveniently located off the family room. The generous primary suite boasts two closets and an accessible en-suite bathroom, complete with a barrier-free roll-in shower and ample space around the toilet for easy transitions. The two additional bedrooms are also spacious and share a second full bath. Outside, a large storage shed provides extra space for all your needs. Lot rent is $750 a month plus water. Internet anc cable tv are offered at a discount through the park. Situated close to downtown Flat Rock and I-275, this home offers a prime location for easy access to all the area has to offer. Come visit today!

Key facts

• Large deck
• Island kitchen
• Abundant storage

Tags

• LARGE DECK
• SPACIOUS LAYOUT
• ISLAND KITCHEN
• ABUNDANT STORAGE
• RECENTLY UPDATED LAUNDRY ROOM
• LARGE STORAGE SHED

Property features AI

Finance

• Other: Breed restrictions for pets
• HOA & community: Clubhouse; Sidewalks

Exterior

• Parking: Driveway; Parking pad; No garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; 220V electric service; Cable available; Underground utilities
• Home design: Single-family residence; One level; Ground-level entry with steps
• Construction: Vinyl siding; Pillar/post/pier foundation; Asphalt roof; Built as residential single-family
• Exterior features: Deck; Shed; Private maintained paved road; Private road frontage; Lot approximately 0.1 acre (50 x 100)

Interior

• Kitchen: Dishwasher; Free-standing gas range
• Bedrooms: Accessible bedroom
• Bathrooms: 2 full bathrooms; Accessible full bath
• Heating & cooling: Forced air heating (natural gas); Ceiling fans; No central cooling
• Interior features: Gas water heater; Dishwasher; Free-standing gas range; Smoke detectors
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $37k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $37k).
• Recommended offer: $36k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Flat Rock Community Schools (suburban): math 26% / reading 37% proficiency, ranked #326 of 540 in MI (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 82 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $256 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($36k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $3k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $35,890 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 4.65% ✓
• Cap rate: 42.04%
• Cash-on-cash: 127.66%
• DSCR: 6.68
• GRM: 1.8

CMA / ARV

• ARV (median comp): $386,513
• List price: $37,000
• Delta: -90.43%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.20×
• Total profit: $64,227
• Equity at exit: $5,517

10-year hold

• IRR: —
• Equity multiple: 15.13×
• Total profit: $146,422
• Equity at exit: $3,199

Cash invested: $10,360 (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 48134

• Active inventory: 82
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $1,719 medium
• Mortgage (P&I): −$194
• Tax est. 1.5%: −$46 /mo · $555/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $1,102

Break-even live

Break-even rent $324

Max offer price $37,000

Occupancy floor 31%

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: $9,250
• Closing costs: $1,110
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3211 Will Carleton Rd Flat Rock, MI	3.0	2.0	1391	$1,399	$1.01	1d	1	0.13mi

Listing history 23 events

1. 2026-06-18
   days on market $37,000 Active 44 DOM
2. 2026-06-17
   days on market $37,000 Active 43 DOM
3. 2026-06-16
   days on market $37,000 Active 42 DOM
4. 2026-06-15
   days on market $37,000 Active 41 DOM
5. 2026-06-13
   pricedays on market $37,000 Active 39 DOM
6. 2026-06-09
   days on market $39,900 Active 35 DOM
7. 2026-06-08
   days on market $39,900 Active 34 DOM
8. 2026-06-07
   days on market $39,900 Active 33 DOM
9. 2026-06-04
   days on market $39,900 Active 30 DOM
10. 2026-06-03
    days on market $39,900 Active 29 DOM
11. 2026-06-02
    days on market $39,900 Active 28 DOM
12. 2026-06-01
    days on market $39,900 Active 27 DOM
13. 2026-05-31
    days on market $39,900 Active 26 DOM
14. 2026-05-05
    listed $39,900 Active 1106-char remark

    Show marketing remark (1106 chars)

    Large updated home with a large deck. Inside, you'll find a spacious layout with newer laminate and luxury vinyl plank flooring throughout most rooms. Upon entering from the large deck, you're greeted by an expansive open living space. The formal dining and living rooms are both roomy and inviting. The island kitchen, with sleek grey cabinets, offers abundant storage and seamlessly connects to a second dining area and the expansive family room. The recently updated laundry room is conveniently located off the family room. The generous primary suite boasts two closets and an accessible en-suite bathroom, complete with a barrier-free roll-in shower and ample space around the toilet for easy transitions. The two additional bedrooms are also spacious and share a second full bath. Outside, a large storage shed provides extra space for all your needs. Lot rent is $750 a month plus water. Internet anc cable tv are offered at a discount through the park. Situated close to downtown Flat Rock and I-275, this home offers a prime location for easy access to all the area has to offer. Come visit today!

15. 2026-05-05
    listed $39,900 Active 1106-char remark

    Show marketing remark (1106 chars)

    Large updated home with a large deck. Inside, you'll find a spacious layout with newer laminate and luxury vinyl plank flooring throughout most rooms. Upon entering from the large deck, you're greeted by an expansive open living space. The formal dining and living rooms are both roomy and inviting. The island kitchen, with sleek grey cabinets, offers abundant storage and seamlessly connects to a second dining area and the expansive family room. The recently updated laundry room is conveniently located off the family room. The generous primary suite boasts two closets and an accessible en-suite bathroom, complete with a barrier-free roll-in shower and ample space around the toilet for easy transitions. The two additional bedrooms are also spacious and share a second full bath. Outside, a large storage shed provides extra space for all your needs. Lot rent is $750 a month plus water. Internet anc cable tv are offered at a discount through the park. Situated close to downtown Flat Rock and I-275, this home offers a prime location for easy access to all the area has to offer. Come visit today!

16. 2025-01-25
    historical
17. 2025-01-24
    historical
18. 2025-01-24
    historical
19. 2025-01-16
    price $37,900
20. 2025-01-16
    price $37,900
21. 2024-12-26
    listed $39,900 Active
22. 2024-12-26
    listed $39,900 Active
23. 2024-12-26
    listed $37,900

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

Taxation est. · year 1

• Rental income: $20,625
• − Mortgage interest: −$2,073
• − Property taxes: −$555
• − Insurance: −$185
• − Repairs & maintenance: −$1,650
• − Management: −$1,650
• − Depreciation: −$1,076
• Taxable income: $13,436
• Est. tax owed @ 24.0%: −$3,225
• After-tax cash flow: $10,001/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 · 12 photos

Good 75/100 Cosmetic rehab

This updated mobile home is in good condition with a spacious layout and modern finishes. It's ready for a new owner to move in and enjoy.

Value-add opportunities

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Updating the bathrooms with modern fixtures — Improves functionality and appeal
• Both Upgrading the flooring to higher-end materials — Enhances the overall look and feel of the home

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Updating the bathrooms with modern fixtures — Improves functionality and appeal ↑
• Both Upgrading the flooring to higher-end materials — Enhances the overall look and feel of the home ↑

ⓘ 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: Flat Rock Community Schools
• NCES district ID: 2607080
• Math proficiency: 26% ▼ -7.00%
• Reading proficiency: 37% ▼ -2.00%
• Median HH income: $55,015
• Composite: 27.89/100
• National rank: #6871
• State rank: #326 of 540 in MI

Livability — Huron

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Wayne County · 1,562,939 people
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 23,935
• Household income: $92,076
• Rent vs Own: 15.7% rent · 84.3% own
• Severe rent burden: 228.0

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: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 10% Hispanic / Latino 9% Black 8%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 13% Lithuanian 5% Portuguese 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1%

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: ▼ -223.42%
• Current HPI: 232.7533
• Rent YoY: —
• 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

-7.3% since first listed

12 events — show timeline

• 2026-06-10 Price Changed $37,000 MiRealSource-MiMLS
• 2026-06-10 Price Changed $37,000 REALCOMP
• 2026-05-05 Listed $39,900 REALCOMP
• 2026-05-05 Listed $39,900 MiRealSource-MiMLS
• 2025-01-25 Listing Removed — REALCOMP
• 2025-01-24 Listing Removed — MiRealSource-MiMLS
• 2025-01-24 Listing Removed — MiRealSource-MiMLS
• 2025-01-16 Price Changed $37,900 MiRealSource-MiMLS
• 2025-01-16 Price Changed $37,900 REALCOMP
• 2024-12-26 Listed $39,900 REALCOMP
• 2024-12-26 Listed $37,900 MiRealSource-MiMLS
• 2024-12-26 Listed $39,900 MiRealSource-MiMLS