46 Salliotte Rd · Ecorse, MI 48229

$120,000

3 bd · 2.0 ba · 1,265 sqft · SingleFamily public records · 31 Days on market

Built 1939 Est $124k · at est.

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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 +25.2/30.0
• Appreciation +10.0/10.0
• ARV discount +8.9/15.0
• DSCR +8.3/10.0
• 1% rule +5.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.3/10.0

Listing remarks

This beautiful home is located in an upcoming city of Ecorse. That provides plenty of space that can be used for a single property and or an apartment. This house includes 3 bedrooms and 2 full bathrooms total. 2 bedrooms down and one upstairs. Unfinished basement with a huge nice yard. Minor work needed, upstairs is finished just needs a few touch ups. Asking 120,00 or best offer may consider land contract. Great first home and or investment property. As you can convert into 2 upper and lower and or leave it how it is.

Key facts

• Unfinished basement
• Investment property
• Huge nice yard

Tags

• UNFINISHED BASEMENT
• HUGE NICE YARD
• INVESTMENT PROPERTY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $269 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#348 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D+, schools F, crime F.
• Ecorse Public Schools (suburban): math 3% / reading 7% proficiency, ranked #536 of 540 in MI (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 56 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($830 loan paydown + $12k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago 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 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.08% ✓
• Cap rate: 8.98%
• Cash-on-cash: 9.61%
• DSCR: 1.43
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $123,970
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4067 High St	0.08mi	3/2.0	1,214 (-4%)	5mo	$119,000	$98	85
20 W Broadway St	0.16mi	4/1.0 (+1)	1,260 (-0%)	2mo	$49,000	$39	81
4234 High St	0.37mi	4/2.0 (+1)	1,296 (+2%)	8mo	$135,000	$104	67
35 Bell St	0.36mi	3/2.0	1,176 (-7%)	6mo	$27,000	$23	67
70 E Rockwood St	0.64mi	4/2.0 (+1)	1,296 (+2%)	2mo	$85,000	$66	60
57 E Glenwood St	0.60mi	4/1.5 (+1)	1,214 (-4%)	4mo	$79,900	$66	56
4138 11th St	0.50mi	3/1.5	1,140 (-10%)	4mo	$127,000	$111	55
4133 16th St	0.69mi	3/1.0	1,174 (-7%)	2mo	$130,000	$111	50
4332 5th St	0.62mi	3/2.0	1,428 (+13%)	2mo	$124,900	$87	48
3866 16th St	0.71mi	3/1.5	1,170 (-8%)	9mo	$42,000	$36	45
4345 10th St	0.73mi	3/2.0	1,118 (-12%)	3mo	$116,000	$104	44
41 Le Blanc St	0.74mi	3/1.0	1,133 (-10%)	2mo	$112,500	$99	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.3%
• Equity multiple: 3.45×
• Total profit: $82,465
• Equity at exit: $108,106

10-year hold

• IRR: 27.1%
• Equity multiple: 7.82×
• Total profit: $229,311
• Equity at exit: $233,134

Cash invested: $33,600 (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 48229

• Home prices YoY: 33.9%
• Active inventory: 56
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$629
• Tax from tax record: −$72 /mo · $865/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $269

Break-even live

Break-even rent $951

Max offer price $120,000

Occupancy floor 74%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4282 7th St Ecorse, MI	3.0	1.0	1144	$1,250	$1.09	24d	1	0.57mi
4015 16th St Ecorse, MI	3.0	1.5	1170	$1,300	$1.11	24d	1	0.67mi
3801 18th St Ecorse, MI	3.0	1.0	1196	$1,150	$0.96	17d	1	0.81mi
3575 S Ethel St Detroit, MI	3.0	1.0	894	$1,350	$1.51	17d	1	0.93mi
4573 3rd St Ecorse, MI	2.0	1.0	1000	$1,300	$1.30	15d	1	1.02mi
1473 Empire Ave Lincoln Park, MI	3.0	2.0	1342	$1,700	$1.27	2d	1	1.07mi
1581 Empire Ave Lincoln Park, MI	2.0	1.0	900	$1,350	$1.50	24d	1	1.16mi
97 Batavia St Unit 1 River Rouge, MI	2.0	1.0	900	$825	$0.92	24d	1	1.48mi

Listing history 20 events

1. 2026-06-18
   days on market $120,000 Active 31 DOM
2. 2026-06-17
   days on market $120,000 Active 30 DOM
3. 2026-06-16
   days on market $120,000 Active 29 DOM
4. 2026-06-15
   days on market $120,000 Active 28 DOM
5. 2026-06-13
   days on market $120,000 Active 26 DOM
6. 2026-06-09
   days on market $120,000 Active 22 DOM
7. 2026-06-08
   days on market $120,000 Active 21 DOM
8. 2026-06-07
   days on market $120,000 Active 20 DOM
9. 2026-06-04
   days on market $120,000 Active 17 DOM
10. 2026-06-03
    days on market $120,000 Active 16 DOM
11. 2026-06-02
    days on market $120,000 Active 15 DOM
12. 2026-06-01
    days on market $120,000 Active 14 DOM
13. 2026-05-31
    days on market $120,000 Active 13 DOM
14. 2026-05-19
    listed $120,000 Active
15. 2007-04-15
    historical
16. 2007-03-15
    listed $79,500
17. 2007-03-13
    historical
18. 2007-03-13
    historical
19. 2006-09-14
    listed $79,500
20. 2006-09-14
    listed $79,500

ⓘ 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: $865 · $72/mo
• Projected year-2 tax: $1,357 · $113/mo
• Expected delta: +$491/yr (+$41/mo · 56.8%)

ⓘ 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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,501
• − Mortgage interest: −$6,722
• − Property taxes: −$865
• − Insurance: −$600
• − Repairs & maintenance: −$1,240
• − Management: −$1,240
• − Depreciation: −$3,491
• Taxable income: $1,343
• Est. tax owed @ 24.0%: −$322
• After-tax cash flow: $2,907/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: Ecorse Public Schools
• NCES district ID: 2612930
• Math proficiency: 3% ▼ -4.00%
• Reading proficiency: 7% ▼ -6.00%
• Median HH income: $28,957
• Composite: 3.46/100
• National rank: #10075
• State rank: #536 of 540 in MI

Livability — Ecorse

• Score: 69/100
• State rank: #348
• US rank: #8880

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ecorse, MI
• City population: 9,166
• Population (ZIP): 9,166

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 0.69)
• Race & ethnicity: Black 45% White 26% Hispanic / Latino 21% Two or more races 15% Native American 4%
• Hispanic origin (detail): Mexican 18% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada, Guatemala, Jamaica
• Languages at home: 86% English-only · Spanish 13%

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: ▲ 102.51%
• Current HPI: 404.5927
• Rent YoY: —
• Metro: —
• 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

+50.9% since first listed

7 events — show timeline

• 2026-05-19 Listed $120,000 FSBO.com
• 2007-04-15 Listing Removed — MiRealSource-MiMLS
• 2007-03-15 Listed $79,500 MiRealSource-MiMLS
• 2007-03-13 Listing Removed — MiRealSource-MiMLS
• 2007-03-13 Listing Removed — MiRealSource-MiMLS
• 2006-09-14 Listed $79,500 MiRealSource-MiMLS
• 2006-09-14 Listed $79,500 MiRealSource-MiMLS

Property tax history

-6.9%/yr

Latest (2025): $865 · -48.1% YoY. Source: county tax records.