310 Greenwood St · Wixom, MI 48393

$48,900

3 bd · 2.0 ba · 1,568 sqft · SingleFamily · 39 Days on market

Built 2004 Fair condition

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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
• Schools +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located at 310 Greenwood in the welcoming city of Wixom, MI, this single-family residence, constructed in 2004, presents an exceptional opportunity for an elevated living experience. The residence encompasses three distinct bedrooms, each offering a dedicated space for repose and individual comfort. These rooms provide private areas for personal sanctuary within the dwelling. As a single-family residence, this property ensures a private and exclusive environment, dedicated solely to its inhabitants. Its construction in 2004 places it within a more recent timeline of residential development. This distinguished property offers a remarkable setting for creating cherished moments and a vibrant lifestyle.

Key facts

• Community pool
• Built 2004
• Listed 39 days

Property features AI

Finance

• HOA & community: Community pool

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level with ground-level entry
• Construction: Vinyl siding
• Exterior features: Paved road access; Community in-ground pool; Irregular-shaped lot

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating (natural gas); ENERGY STAR qualified heating equipment; No central cooling
• Interior features: Crawl space basement; Three total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $49k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $49k).
• Recommended offer: $47k (3.0% below list) — sets the bar for market timing.
• Cap rate 39.4% vs local median 2.9% in Wixom — 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 74/100 on livability (#185 in MI, #4,678 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F.
• Huron Valley Schools (suburban): math 42% / reading 56% proficiency, ranked #87 of 540 in MI (top 16%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 65 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 39% of the median local income ($66k/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 $338 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $14k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($47k) 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.

Recommended offer $47,433 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 4.37% ✓
• Cap rate: 39.44%
• Cash-on-cash: 118.40%
• DSCR: 6.27
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $351,232
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 Greenwood St	0.00mi	3/2.0	1,568 (0%)	0mo	$48,900	$31	100
3601 Loon Lake Rd	0.24mi	3/2.5	1,693 (+8%)	5mo	$370,000	$219	70
3657 Loon Lake Rd	0.27mi	3/2.0	1,650 (+5%)	13mo	$365,000	$221	67
2247 Palmetto	0.42mi	3/2.0	1,627 (+4%)	16mo	$402,000	$247	60
1999 Windingway Dr	0.40mi	3/1.5	1,388 (-12%)	1mo	$360,000	$259	59
3121 Belle Terre	0.48mi	3/2.0	1,656 (+6%)	14mo	$417,000	$252	57
1632 Windingway Dr	0.67mi	3/1.5	1,586 (+1%)	10mo	$355,000	$224	57
3172 Branch Ct	0.55mi	3/2.0	1,710 (+9%)	9mo	$320,000	$187	52
1941 Hopkins Dr	0.67mi	4/2.0 (+1)	1,769 (+13%)	16mo	$400,000	$226	29

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.71×
• Total profit: $78,149
• Equity at exit: $7,291

10-year hold

• IRR: —
• Equity multiple: 14.07×
• Total profit: $178,974
• Equity at exit: $4,228

Cash invested: $13,692 (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 48393

• Active inventory: 65
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $2,138 medium
• Mortgage (P&I): −$256
• Tax est. 1.5%: −$61 /mo · $734/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $1,351

Break-even live

Break-even rent $428

Max offer price $48,900

Occupancy floor 32%

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: $12,225
• Closing costs: $1,467
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1617 Norton Creek Blvd Wixom, MI	3.0	2.5	1613	$2,600	$1.61	16d	1	0.97mi
1369 Flamingo Wixom, MI	3.0	1.5	2100	$2,950	$1.40	16d	1	1.26mi

Listing history 6 events

1. 2026-05-12
   status Pending 709-char remark

   Show marketing remark (709 chars)

   Located at 310 Greenwood in the welcoming city of Wixom, MI, this single-family residence, constructed in 2004, presents an exceptional opportunity for an elevated living experience. The residence encompasses three distinct bedrooms, each offering a dedicated space for repose and individual comfort. These rooms provide private areas for personal sanctuary within the dwelling. As a single-family residence, this property ensures a private and exclusive environment, dedicated solely to its inhabitants. Its construction in 2004 places it within a more recent timeline of residential development. This distinguished property offers a remarkable setting for creating cherished moments and a vibrant lifestyle.

2. 2026-05-12
   status Pending

   Show marketing remark (709 chars)

   Located at 310 Greenwood in the welcoming city of Wixom, MI, this single-family residence, constructed in 2004, presents an exceptional opportunity for an elevated living experience. The residence encompasses three distinct bedrooms, each offering a dedicated space for repose and individual comfort. These rooms provide private areas for personal sanctuary within the dwelling. As a single-family residence, this property ensures a private and exclusive environment, dedicated solely to its inhabitants. Its construction in 2004 places it within a more recent timeline of residential development. This distinguished property offers a remarkable setting for creating cherished moments and a vibrant lifestyle.

3. 2026-04-30
   historical Accepting Backup Offers 709-char remark

   Show marketing remark (709 chars)

   Located at 310 Greenwood in the welcoming city of Wixom, MI, this single-family residence, constructed in 2004, presents an exceptional opportunity for an elevated living experience. The residence encompasses three distinct bedrooms, each offering a dedicated space for repose and individual comfort. These rooms provide private areas for personal sanctuary within the dwelling. As a single-family residence, this property ensures a private and exclusive environment, dedicated solely to its inhabitants. Its construction in 2004 places it within a more recent timeline of residential development. This distinguished property offers a remarkable setting for creating cherished moments and a vibrant lifestyle.

4. 2026-04-30
   historical Active Under Contract

   Show marketing remark (709 chars)

   Located at 310 Greenwood in the welcoming city of Wixom, MI, this single-family residence, constructed in 2004, presents an exceptional opportunity for an elevated living experience. The residence encompasses three distinct bedrooms, each offering a dedicated space for repose and individual comfort. These rooms provide private areas for personal sanctuary within the dwelling. As a single-family residence, this property ensures a private and exclusive environment, dedicated solely to its inhabitants. Its construction in 2004 places it within a more recent timeline of residential development. This distinguished property offers a remarkable setting for creating cherished moments and a vibrant lifestyle.

5. 2026-03-31
   listed $48,900 Active 709-char remark

   Show marketing remark (709 chars)

   Located at 310 Greenwood in the welcoming city of Wixom, MI, this single-family residence, constructed in 2004, presents an exceptional opportunity for an elevated living experience. The residence encompasses three distinct bedrooms, each offering a dedicated space for repose and individual comfort. These rooms provide private areas for personal sanctuary within the dwelling. As a single-family residence, this property ensures a private and exclusive environment, dedicated solely to its inhabitants. Its construction in 2004 places it within a more recent timeline of residential development. This distinguished property offers a remarkable setting for creating cherished moments and a vibrant lifestyle.

6. 2026-03-31
   listed $48,900 Active

   Show marketing remark (709 chars)

   Located at 310 Greenwood in the welcoming city of Wixom, MI, this single-family residence, constructed in 2004, presents an exceptional opportunity for an elevated living experience. The residence encompasses three distinct bedrooms, each offering a dedicated space for repose and individual comfort. These rooms provide private areas for personal sanctuary within the dwelling. As a single-family residence, this property ensures a private and exclusive environment, dedicated solely to its inhabitants. Its construction in 2004 places it within a more recent timeline of residential development. This distinguished property offers a remarkable setting for creating cherished moments and a vibrant lifestyle.

ⓘ 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: $25,654
• − Mortgage interest: −$2,739
• − Property taxes: −$734
• − Insurance: −$244
• − Repairs & maintenance: −$2,052
• − Management: −$2,052
• − Depreciation: −$1,423
• Taxable income: $16,409
• Est. tax owed @ 24.0%: −$3,938
• After-tax cash flow: $12,273/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 · 1 photo

Fair 45/100 Moderate rehab

This single-family home, constructed in 2004, presents a good opportunity for moderate renovations to enhance its curb appeal and interior aesthetics, increasing both resale and rental value.

Repairs flagged

• Minor Driveway — The driveway has some minor cracks and wear.
• Minor Landscaping — The landscaping could benefit from some trimming and maintenance to enhance curb appeal.

Value-add opportunities

• Both Painting exterior and interior — Fresh paint can significantly enhance the home's curb appeal and interior aesthetics.
• Both Landscaping upgrade — A more aesthetically pleasing landscape can increase both resale and rental value.
• Rental HVAC maintenance — A well-maintained HVAC system ensures comfort and can attract tenants.
• Resale Roof inspection — A thorough roof inspection can ensure the roof is in good condition and free from any potential issues that could affect the home's value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Driveway · The driveway has some minor cracks and wear.	Minor	$500–3,000
Landscaping · The landscaping could benefit from some trimming and maintenance to enhance curb appeal.	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Painting exterior and interior — Fresh paint can significantly enhance the home's curb appeal and interior aesthetics. ↑
• Both Landscaping upgrade — A more aesthetically pleasing landscape can increase both resale and rental value. ↑
• Rental HVAC maintenance — A well-maintained HVAC system ensures comfort and can attract tenants. ↑
• Resale Roof inspection — A thorough roof inspection can ensure the roof is in good condition and free from any potential issues that could affect the home's 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: Huron Valley Schools
• NCES district ID: 2618990
• Math proficiency: 42% ▼ -8.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $76,011
• Composite: 44.39/100
• National rank: #2815
• State rank: #87 of 540 in MI

Livability — Wixom

• Score: 74/100
• State rank: #185
• US rank: #4678

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Oakland County · 1,009,092 people
• City population: 20,145
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 20,145
• Household income: $65,962
• Rent vs Own: 51.4% rent · 48.6% own
• Severe rent burden: 976.0

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% Black 8% Hispanic / Latino 7% Two or more races 6% Asian 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 12% Lithuanian 3% Slovak 3%
• Foreign-born: 17% · Canada, South Korea, China
• Languages at home: 78% English-only · Spanish 5% Other Indo-European 5% Arabic 3%

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: ▼ -223.65%
• Current HPI: 186.2573
• 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

+0.0% since first listed

6 events — show timeline

• 2026-05-12 Pending — MiRealSource-MiMLS
• 2026-05-12 Pending — REALCOMP
• 2026-04-30 Contingent — MiRealSource-MiMLS
• 2026-04-30 Contingent — REALCOMP
• 2026-03-31 Listed $48,900 REALCOMP
• 2026-03-31 Listed $48,900 MiRealSource-MiMLS