20059 Ellis St · Roseville, MI 48066

$99,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 25 Days on market

Built 1950 4,792 sqft lot $115/sqft · 35% below area Est $152k · 35% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Livability +3.6/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this bungalow located on a quiet street, ready for your vision and updates. This home offers just under 900 sq ft of living space and is in need of renovation, making it ideal for investors, flippers, or buyers looking to build equity. The main floor features a large living room with a picture window and hardwood floors, along with two bedrooms, a full bath, kitchen and a dining area. The kitchen includes a sliding door leading to the back deck and fully fenced yard. Upstairs, you'll find a spacious third bedroom. The unfinished basement provides additional space for storage or future finishing. The property also includes a 2.5-car detached garage and a newer roof. Cash sale only. Property is being sold as-is. With solid potential and a desirable layout, this home is ready for transformation. Bring your ideas and make it your own! Subject to probate court approval.

Key facts

• Quiet street
• Large living room
• Back deck

Tags

• BUNGALOW
• QUIET STREET
• LARGE LIVING ROOM
• HARDWOOD FLOORS
• SLIDING DOOR
• BACK DECK

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: Detached driveway parking; Approximately 2.5 garage spaces
• Utilities: Public water; Public sewer; Circuit breaker electrical service
• Home design: Single-family home; Two levels; Ground-level entry with steps; Aluminum siding
• Construction: Asphalt roof; Brick/mortar foundation
• Exterior features: Deck and porch; Back yard with fencing; Paved road access

Interior

• Bedrooms: Total of 5 rooms (bedroom count not specified)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Gas water heater; Full unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $425 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 6.0% in Roseville — 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 72/100 on livability (#258 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D+, employment D, schools F.
• Roseville Community Schools (suburban): math 11% / reading 24% proficiency, ranked #483 of 540 in MI (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 265 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 1,321 units permitted in Macomb County in 2024 (86 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Macomb County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.4% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 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: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $97,515 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.44% ✓
• Cap rate: 11.45%
• Cash-on-cash: 18.42%
• DSCR: 1.82
• GRM: 5.8

CMA / ARV

• ARV (median comp): $151,559
• List price: $99,000
• Delta: -34.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20305 Ellis St	0.12mi	3/1.0	960 (+11%)	1mo	$169,900	$177	75
19127 Colorado St	0.67mi	3/1.0	960 (+11%)	3mo	$160,000	$167	47
19000 Florian St	0.69mi	2/1.0 (-1)	884 (+2%)	14mo	$100,000	$113	47
19136 Florian St	0.64mi	2/1.0 (-1)	748 (-13%)	1mo	$139,000	$186	42
19190 Illinois St	0.51mi	3/1.0	960 (+11%)	20mo	$125,000	$130	41
19101 Colorado St	0.69mi	3/1.0	960 (+11%)	10mo	$154,000	$160	41
19025 Illinois St	0.57mi	2/1.0 (-1)	960 (+11%)	13mo	$156,000	$163	39
19961 Wallace St	0.55mi	2/1.0 (-1)	964 (+12%)	14mo	$160,000	$166	38
19154 Florian St	0.61mi	3/1.0	960 (+11%)	21mo	$165,000	$172	35

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 · 0.39% rent growth · sell at horizon

5-year hold

• IRR: 7.1%
• Equity multiple: 1.27×
• Total profit: $7,441
• Equity at exit: $14,761

10-year hold

• IRR: 14.0%
• Equity multiple: 1.99×
• Total profit: $27,306
• Equity at exit: $8,560

Cash invested: $27,720 (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 48066

• Rents YoY: 0.4%
• Active inventory: 265
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,424 high
• Mortgage (P&I): −$519
• Tax from tax record: −$139 /mo · $1,665/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $425

Break-even live

Break-even rent $885

Max offer price $99,000

Occupancy floor 65%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19700 Masonic Roseville, MI	1.0–2.0	1.0	874	$1,400	$1.60	2d	12	0.39mi
19040 E 13 Mile Rd Roseville, MI	3.0	1.0	1008	$1,550	$1.54	1d	1	0.54mi
30600 Little Mack Ave Roseville, MI	1.0–2.0	1.0	900	$1,210	$1.34	1d	6	0.54mi
18391 Masonic Apt 1 Fraser, MI	2.0	1.0	720	$995	$1.38	16d	1	1.05mi
18600 14 Mile Rd Fraser, MI	2.0	1.0	1070	$1,195	$1.12	24d	1	1.16mi
809 Sunset Ln Unit 8 St Clair Shores, MI	2.0	1.0	945	$1,400	$1.48	3d	1	1.24mi
708 Sunset Ln St Clair Shores, MI	2.0	1.0	1000	$1,400	$1.40	22d	1	1.27mi
708 Sunset Ln St Clair Shores, MI	2.0	1.0	1000	$1,400	$1.40	24d	1	1.27mi
809 Sunset Ln St Clair Shores, MI	2.0	1.0	945	$1,475	$1.56	1d	1	1.29mi
30512 Oakridge Manor Dr Roseville, MI	2.0	1.5	1002	$1,350	$1.35	24d	1	1.34mi
17134 E Thirteen Mile Rd Roseville, MI	1.0–2.0	1.0	825	$1,269	$1.54	2d	16	1.36mi
31635 Couchez St St Clair Shores, MI	2.0	1.5	1015	$1,600	$1.58	43d	1	1.37mi

Listing history 2 events

1. 2026-04-28
   listed $99,000 Active 907-char remark

   Show marketing remark (901 chars)

   Opportunity awaits with this bungalow located on a quiet street, ready for your vision and updates. This home offers just under 900 sq ft of living space and is in need of renovation, making it ideal for investors, flippers, or buyers looking to build equity. The main floor features a large living room with a picture window and hardwood floors, along with two bedrooms, a full bath, kitchen and a dining area. The kitchen includes a sliding door leading to the back deck and fully fenced yard. Upstairs, you'll find a spacious third bedroom. The unfinished basement provides additional space for storage or future finishing. The property also includes a 2.5-car detached garage and a newer roof. Cash sale only. Property is being sold as-is. With solid potential and a desirable layout, this home is ready for transformation. Bring your ideas and make it your own! Subject to probate court approval.

2. 2026-04-28
   listed $99,000 Active 901-char remark

   Show marketing remark (901 chars)

   Opportunity awaits with this bungalow located on a quiet street, ready for your vision and updates. This home offers just under 900 sq ft of living space and is in need of renovation, making it ideal for investors, flippers, or buyers looking to build equity. The main floor features a large living room with a picture window and hardwood floors, along with two bedrooms, a full bath, kitchen and a dining area. The kitchen includes a sliding door leading to the back deck and fully fenced yard. Upstairs, you'll find a spacious third bedroom. The unfinished basement provides additional space for storage or future finishing. The property also includes a 2.5-car detached garage and a newer roof. Cash sale only. Property is being sold as-is. With solid potential and a desirable layout, this home is ready for transformation. Bring your ideas and make it your own! Subject to probate court approval.

ⓘ 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: $1,665 · $139/mo
• Projected year-2 tax: $1,665 · $139/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 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,082
• − Mortgage interest: −$5,546
• − Property taxes: −$1,665
• − Insurance: −$495
• − Repairs & maintenance: −$1,367
• − Management: −$1,367
• − Depreciation: −$2,880
• Taxable income: $3,764
• Est. tax owed @ 24.0%: −$903
• After-tax cash flow: $4,202/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: Roseville Community Schools
• NCES district ID: 2630210
• Math proficiency: 11% ▼ -8.00%
• Reading proficiency: 24% ▼ -7.00%
• Median HH income: $41,590
• Composite: 14.98/100
• National rank: #9363
• State rank: #483 of 540 in MI

Livability — Roseville

• Score: 72/100
• State rank: #258
• US rank: #6400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roseville, MI
• County: Macomb County · 638,552 people
• City population: 47,123
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 47,123
• Household income: $62,182
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 1712.0

Population outlook (Macomb County) Hauer SSP2

• Today (2025): 925,296 people
• By 2030: 948,226 · +2.5%
• By 2040: 983,961 · +6.3%
• By 2050: 1,010,200 · +9.2%
• By 2075: 1,076,222 · +16.3%
• By 2100: 1,077,065 · +16.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Black 23% Two or more races 7% Hispanic / Latino 4% Asian 2%
• Common ancestry: Romanian 12% Lithuanian 4% Slovak 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Macomb

• 2024 margin: R (+13.7) · D 42.2% · R 55.9% · Other 1.9%
• 2008→2024 swing: -22.3pp toward R · 2008: 8.6pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+8.1 2016: R+11.6 2012: D+4.0 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -232.95%
• Current HPI: 217.4171
• Rent YoY: ▲ 0.39%
• 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

+0.0% since first listed

6 events — show timeline

• 2026-05-23 Pending — MiRealSource-MiMLS
• 2026-05-23 Pending — REALCOMP
• 2026-05-20 Contingent — MiRealSource-MiMLS
• 2026-05-20 Contingent — REALCOMP
• 2026-04-28 Listed $99,000 REALCOMP
• 2026-04-28 Listed $99,000 MiRealSource-MiMLS

Property tax history

+3.9%/yr

Latest (2025): $1,665 · -9.1% YoY. Source: county tax records.