30148 Hazelwood St · Inkster, MI 48141

$115,000

3 bd · 1.0 ba · 969 sqft · SingleFamily public records · 26 Days on market

Built 1955 5,227 sqft lot Est $121k · 5% 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 +27.5/30.0
• ARV discount +9.8/15.0
• DSCR +9.6/10.0
• 1% rule +7.5/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 30148 Hazelwood - a classic 1955 mid-century brick ranch offering exceptional value, strong investment potential, and convenient access to everything Metro Detroit has to offer. This 3-bedroom, 1-bath single-family home features a functional ranch-style layout and a detached 2-car garage. Located within the Wayne-Westland Community School District, this property presents an outstanding opportunity for first-time home buyers, buyers seeking affordable homeownership, and investors looking for rental cash flow, buy-and-hold potential, or fix-and-flip opportunities. Perfectly positioned near Middlebelt Rd. and Cherry Hill Rd. , the home offers quick access to major commuter routes including Michigan Avenue, Ford Road, I-94, and I-275. Enjoy being just minutes from Inkster Valley Golf Club and Mack Mayfield Municipal Golf Course, along with nearby shopping, dining, and entertainment in Downtown Wayne, Garden City, Dearborn Heights, and Westland. Whether you're looking to personalize, renovate, occupy, or generate immediate rental income, 30148 Hazelwood delivers location, value, and long-term potential. Schedule your private showing today.

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 1955

Tags

• MID-CENTURY BRICK RANCH
• DETACHED 2-CAR GARAGE

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Ground-level entry with steps; Brick exterior
• Construction: Brick construction; Slab foundation
• Exterior features: Back yard with fencing; Fenced lot; Paved road access; Lot approximately 0.12 acres (40 x 134)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating; Natural gas heating
• Interior features: Unfurnished; 6 total rooms
• Laundry & utility: Laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#406 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.
• Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.0%/yr); 142 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 44% of the median local income ($39k/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 $795 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 26y 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.
• Current owner paid $57k; list at $115k implies a 102% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $113,275 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — 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: 1.25% ✓
• Cap rate: 9.83%
• Cash-on-cash: 12.63%
• DSCR: 1.56
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $121,125
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29522 Grandview St	0.39mi	3/1.0	972 (+0%)	1mo	$130,000	$134	81
29982 Hazelwood St	0.10mi	3/1.0	1,053 (+9%)	1mo	$135,000	$128	80
29707 Birchwood St	0.35mi	3/1.0	1,000 (+3%)	1mo	$96,000	$96	77
29520 Glenwood St	0.32mi	3/1.0	1,000 (+3%)	3mo	$125,000	$125	77
1936 Meadow Ln	0.52mi	3/1.0	974 (+0%)	1mo	$135,000	$139	74
29800 Oakwood St	0.24mi	3/1.0	1,040 (+7%)	4mo	$90,000	$87	73
29631 Steinhauer St	0.43mi	3/1.0	1,008 (+4%)	2mo	$75,000	$74	72
1728 Westchester St	0.44mi	3/1.5	998 (+3%)	3mo	$225,000	$225	70
29497 Oakwood St	0.34mi	2/1.0 (-1)	1,025 (+6%)	1mo	$110,000	$107	69
29537 Hazelwood St	0.31mi	3/1.0	1,100 (+14%)	0mo	$80,000	$73	63
28930 Birchwood St	0.69mi	3/1.0	1,008 (+4%)	0mo	$150,000	$149	60
29695 Birchwood St	0.35mi	3/1.0	830 (-14%)	4mo	$45,000	$54	56

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 · 2.95% rent growth · sell at horizon

5-year hold

• IRR: 2.3%
• Equity multiple: 1.09×
• Total profit: $2,891
• Equity at exit: $17,147

10-year hold

• IRR: 11.9%
• Equity multiple: 1.93×
• Total profit: $30,090
• Equity at exit: $9,943

Cash invested: $32,200 (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 48141

• Home prices YoY: -2.9%
• Rents YoY: 3.0%
• Active inventory: 142
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,433 high
• Mortgage (P&I): −$603
• Tax from tax record: −$142 /mo · $1,709/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $339

Break-even live

Break-even rent $1,004

Max offer price $115,000

Occupancy floor 71%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30010 Hazelwood St Inkster, MI	3.0	1.0	1044	$1,300	$1.25	44d	1	0.10mi
30043 Grandview St Unit 1 Inkster, MI	3.0	1.5	1004	$1,275	$1.27	44d	1	0.26mi
29800 Oakwood St Inkster, MI	3.0	1.0	1040	$1,400	$1.35	12d	1	0.26mi
29971 Brooklane St Inkster, MI	3.0	1.0	974	$1,450	$1.49	44d	1	0.40mi
29203 Oakwood St Inkster, MI	3.0	1.5	912	$1,600	$1.75	2d	1	0.48mi
30520 Hiveley St Westland, MI	3.0	1.0	1105	$1,700	$1.54	22d	1	0.49mi
130 E Tami Cir Westland, MI	1.0–2.0	1.0–1.5	800	$1,209	$1.51	44d	3	0.65mi
31820 Bay Ct Westland, MI	2.0	1.0	834	$1,125	$1.35	17d	1	0.73mi
31217 Cherry Hill Rd Westland, MI	3.0	1.0	1100	$1,800	$1.64	4d	1	0.82mi
536 N Leona Ave Garden City, MI	3.0	1.0	1000	$1,440	$1.44	12d	1	0.93mi
1150 Magnolia Dr Inkster, MI	3.0	1.0	900	$1,300	$1.44	24d	1	0.97mi
32448 Birchwood St Westland, MI	3.0	1.0	963	$1,675	$1.74	17d	1	1.17mi
110 Waterbury Ct Westland, MI	2.0	1.0–2.0	581	$1,350	$2.32	2d	7	1.29mi
3236 Walnut St Inkster, MI	3.0	1.0	1096	$1,495	$1.36	3d	1	1.40mi
32860 Mecosta St Unit 1 Westland, MI	2.0	1.0	900	$1,200	$1.33	44d	1	1.48mi
32860 Mecosta St Westland, MI	2.0	1.0	1000	$1,150	$1.15	44d	1	1.48mi

Listing history 35 events

1. 2026-06-18
   days on market $115,000 Active 26 DOM
2. 2026-06-17
   days on market $115,000 Active 25 DOM
3. 2026-06-16
   days on market $115,000 Active 24 DOM
4. 2026-06-15
   days on market $115,000 Active 23 DOM
5. 2026-06-13
   days on market $115,000 Active 21 DOM
6. 2026-06-13
   days on market $115,000 Active 20 DOM
7. 2026-06-09
   days on market $115,000 Active 17 DOM
8. 2026-06-08
   days on market $115,000 Active 16 DOM
9. 2026-06-07
   days on market $115,000 Active 15 DOM
10. 2026-06-04
    days on market $115,000 Active 12 DOM
11. 2026-06-03
    days on market $115,000 Active 11 DOM
12. 2026-06-02
    days on market $115,000 Active 10 DOM
13. 2026-06-01
    days on market $115,000 Active 9 DOM
14. 2026-05-31
    days on market $115,000 Active 8 DOM
15. 2026-05-23
    listed $115,000 Active

    Show marketing remark (1165 chars)

    Welcome to 30148 Hazelwood - a classic 1955 mid-century brick ranch offering exceptional value, strong investment potential, and convenient access to everything Metro Detroit has to offer. This 3-bedroom, 1-bath single-family home features a functional ranch-style layout and a detached 2-car garage. Located within the Wayne-Westland Community School District, this property presents an outstanding opportunity for first-time home buyers, buyers seeking affordable homeownership, and investors looking for rental cash flow, buy-and-hold potential, or fix-and-flip opportunities. Perfectly positioned near Middlebelt Rd. and Cherry Hill Rd. , the home offers quick access to major commuter routes including Michigan Avenue, Ford Road, I-94, and I-275. Enjoy being just minutes from Inkster Valley Golf Club and Mack Mayfield Municipal Golf Course, along with nearby shopping, dining, and entertainment in Downtown Wayne, Garden City, Dearborn Heights, and Westland. Whether you're looking to personalize, renovate, occupy, or generate immediate rental income, 30148 Hazelwood delivers location, value, and long-term potential. Schedule your private showing today.

16. 2026-05-23
    listed $115,000 Active 1165-char remark

    Show marketing remark (1165 chars)

    Welcome to 30148 Hazelwood - a classic 1955 mid-century brick ranch offering exceptional value, strong investment potential, and convenient access to everything Metro Detroit has to offer. This 3-bedroom, 1-bath single-family home features a functional ranch-style layout and a detached 2-car garage. Located within the Wayne-Westland Community School District, this property presents an outstanding opportunity for first-time home buyers, buyers seeking affordable homeownership, and investors looking for rental cash flow, buy-and-hold potential, or fix-and-flip opportunities. Perfectly positioned near Middlebelt Rd. and Cherry Hill Rd. , the home offers quick access to major commuter routes including Michigan Avenue, Ford Road, I-94, and I-275. Enjoy being just minutes from Inkster Valley Golf Club and Mack Mayfield Municipal Golf Course, along with nearby shopping, dining, and entertainment in Downtown Wayne, Garden City, Dearborn Heights, and Westland. Whether you're looking to personalize, renovate, occupy, or generate immediate rental income, 30148 Hazelwood delivers location, value, and long-term potential. Schedule your private showing today.

17. 2022-11-11
    historical
18. 2020-10-05
    soldstatus $57,000
19. 2016-08-12
    soldstatus $24,000 Sold 91-char remark

    Show marketing remark (91 chars)

    Lovely ranch. Just move right in. New carpet. Large two car garage. Quiet residential area.

20. 2016-08-12
    soldstatus $24,000 Closed

    Show marketing remark (91 chars)

    Lovely ranch. Just move right in. New carpet. Large two car garage. Quiet residential area.

21. 2016-08-04
    status Pending

    Show marketing remark (91 chars)

    Lovely ranch. Just move right in. New carpet. Large two car garage. Quiet residential area.

22. 2016-08-04
    status Pending 91-char remark

    Show marketing remark (91 chars)

    Lovely ranch. Just move right in. New carpet. Large two car garage. Quiet residential area.

23. 2016-07-27
    listed $26,900 Active
24. 2016-07-26
    listed $26,900 Active 91-char remark

    Show marketing remark (91 chars)

    Lovely ranch. Just move right in. New carpet. Large two car garage. Quiet residential area.

25. 2015-01-22
    soldstatus $725
26. 2014-11-10
    historical
27. 2014-10-29
    listed $750
28. 2008-12-19
    soldstatus $15,050
29. 2008-11-11
    listed $14,900
30. 2002-06-12
    soldstatus $74,500
31. 2000-10-24
    historical
32. 2000-07-03
    soldstatus $27,000
33. 2000-02-24
    listed $78,900
34. 1995-12-20
    soldstatus $6,984
35. 1994-07-18
    soldstatus $27,000

ⓘ 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: $1,709 · $142/mo
• Projected year-2 tax: $1,740 · $145/mo
• Expected delta: +$31/yr (+$3/mo · 1.8%)

ⓘ 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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,198
• − Mortgage interest: −$6,442
• − Property taxes: −$1,709
• − Insurance: −$575
• − Repairs & maintenance: −$1,376
• − Management: −$1,376
• − Depreciation: −$3,345
• Taxable income: $2,375
• Est. tax owed @ 24.0%: −$570
• After-tax cash flow: $3,495/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: Wayne-Westland Community School District
• NCES district ID: 2600015
• Math proficiency: 11% ▼ -6.00%
• Reading proficiency: 27% ▼ -2.00%
• Median HH income: $43,524
• Composite: 16.4/100
• National rank: #9195
• State rank: #474 of 540 in MI

Livability — Inkster

• Score: 67/100
• State rank: #406
• US rank: #11087

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: Inkster, MI
• County: Wayne County · 1,562,939 people
• City population: 25,428
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 25,428
• Household income: $39,252
• Rent vs Own: 53.2% rent · 46.8% own
• Severe rent burden: 1558.0

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 Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Arabic 3% Other Asian/Pacific 1% Spanish 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: ▼ -11.74%
• Current HPI: 390.2139
• Rent YoY: ▲ 2.95%
• 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

+325.9% since first listed

21 events — show timeline

• 2026-05-23 Listed $115,000 MiRealSource-MiMLS
• 2026-05-23 Listed $115,000 REALCOMP
• 2022-11-11 Rental Removed — RENT.
• 2020-10-05 Sold (Public Records) $57,000 Public Records
• 2016-08-12 Sold (MLS) $24,000 MiRealSource-MiMLS
• 2016-08-12 Sold (MLS) $24,000 REALCOMP
• 2016-08-04 Pending — MiRealSource-MiMLS
• 2016-08-04 Pending — REALCOMP
• 2016-07-27 Listed $26,900 MiRealSource-MiMLS
• 2016-07-26 Listed $26,900 REALCOMP
• 2015-01-22 Sold (MLS) $725 MiRealSource-MiMLS
• 2014-11-10 Listing Removed — MiRealSource-MiMLS
• 2014-10-29 Listed $750 MiRealSource-MiMLS
• 2008-12-19 Sold (MLS) $15,050 REALCOMP
• 2008-11-11 Listed $14,900 REALCOMP
• 2002-06-12 Sold (Public Records) $74,500 Public Records
• 2000-10-24 Listing Removed — REALCOMP
• 2000-07-03 Sold (Public Records) $27,000 Public Records
• 2000-02-24 Listed $78,900 REALCOMP
• 1995-12-20 Sold (Public Records) $6,984 Public Records
• 1994-07-18 Sold (Public Records) $27,000 Public Records

Property tax history

-7.5%/yr

Latest (2025): $1,709 · -42.7% YoY. Source: county tax records.