24056 Lehigh St · Dearborn Heights, MI 48125

$159,900

3 bd · 1.0 ba · 1,274 sqft · SingleFamily public records · 32 Days on market

Built 1949 5,227 sqft lot Est $172k · 7% under

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Why this score? — see what drove the C- 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 +20.3/30.0
• ARV discount +10.7/15.0
• DSCR +6.4/10.0
• 1% rule +5.3/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 1949

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Natural gas (for water heater and likely heating); Public sewer and electric (typical public utilities available)
• Home design: Single-family residence; Residential property; Built in 1949
• Construction: Aluminum and vinyl siding; Asphalt roof; Crawl space foundation
• Exterior features: Paved road access; Lot of about 0.12 acres

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Primary bedroom (12 x 12); Second bedroom (10 x 10); Third bedroom (10 x 10)
• Bathrooms: One full bathroom (approx. 5 x 8)
• Heating & cooling: Forced air heating; Has cooling
• Interior features: Six total rooms; Crawl space basement
• Laundry & utility: Laundry room (10 x 6); Washer; Dryer; Natural gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $205 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 5.5% in Dearborn Heights — 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 79/100 on livability (#82 in MI, #1,885 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, crime D+, employment D+.
• Westwood Community School District (suburban): math 6% / reading 11% proficiency, ranked #529 of 540 in MI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.0%/yr); 139 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 33% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 21y 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 $15k; list at $160k implies a 966% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 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 1949 — 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. Crime grade is D 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: 1.03% ✓
• Cap rate: 7.83%
• Cash-on-cash: 5.50%
• DSCR: 1.24
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $171,990
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24080 Stanford St	0.06mi	3/2.0	1,314 (+3%)	4mo	$200,000	$152	84
4665 Westpoint St W	0.26mi	3/1.0	1,247 (-2%)	1mo	$165,000	$132	84
4449 Academy St	0.41mi	3/2.0	1,312 (+3%)	2mo	$203,000	$155	70
24409 Stanford St	0.20mi	3/1.0	1,107 (-13%)	2mo	$129,900	$117	67
4216 Syracuse St	0.24mi	2/1.0 (-1)	1,412 (+11%)	3mo	$118,000	$84	63
25430 Colgate St	0.71mi	2/1.0 (-1)	1,279 (+0%)	0mo	$170,000	$133	61
24100 Ross St	0.31mi	2/1.0 (-1)	1,145 (-10%)	4mo	$155,000	$135	61
5578 Grindley Park St	0.66mi	3/1.5	1,229 (-4%)	2mo	$240,000	$195	60
24411 Union St	0.44mi	2/1.0 (-1)	1,136 (-11%)	4mo	$118,000	$104	53
24844 Notre Dame St	0.73mi	3/1.0	1,176 (-8%)	4mo	$173,000	$147	50
24701 New York St	0.72mi	3/1.0	1,396 (+10%)	2mo	$159,000	$114	49
24440 New York St	0.71mi	4/1.0 (+1)	1,104 (-13%)	3mo	$209,900	$190	37

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 · 2.03% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.68×
• Total profit: $-14,420
• Equity at exit: $23,842

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,074
• Equity at exit: $13,825

Cash invested: $44,772 (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 48125

• Rents YoY: 2.0%
• Active inventory: 139
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,655 high
• Mortgage (P&I): −$839
• Tax from tax record: −$197 /mo · $2,364/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $205

Break-even live

Break-even rent $1,395

Max offer price $159,900

Occupancy floor 83%

Sensitivity live

Price	-10% $296	-5% $250	+0% $205	+5% $160	+10% $115
Rent	-10% $74	-5% $140	+0% $205	+5% $271	+10% $336
Rate	-1.0pp $286	-0.5pp $246	base $205	+0.5pp $164	+1.0pp $122

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24154 Dartmouth St Dearborn, MI	2.0	1.0	950	$1,275	$1.34	15d	1	0.27mi
24601 Andover Dr Dearborn Heights, MI	3.0	1.5	1092	$1,700	$1.56	2d	1	0.30mi
24684 Lehigh St Dearborn Heights, MI	4.0	1.0	878	$1,600	$1.82	13d	1	0.32mi
25016 Lehigh St Dearborn Heights, MI	2.0	1.0	1000	$1,400	$1.40	5d	1	0.44mi
3901 Academy St Dearborn Heights, MI	4.0	2.0	1400	$2,100	$1.50	0d	1	0.49mi
24442 Union St Dearborn, MI	3.0	1.5	1000	$1,900	$1.90	0d	1	0.49mi
3809 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,400	$1.35	44d	1	0.63mi
3763 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,450	$1.40	44d	1	0.70mi
24738 New York St Dearborn, MI	3.0	1.0	1296	$1,800	$1.39	3d	1	0.78mi
25699 Pennie St Dearborn Heights, MI	3.0	1.0	1699	$1,600	$0.94	0d	1	0.90mi
25722 Carlysle St Dearborn Heights, MI	3.0	1.0	1040	$1,450	$1.39	18d	1	0.95mi
4934 McKinley St Dearborn Heights, MI	3.0	1.0	1051	$1,700	$1.62	0d	1	0.98mi
2823 Queen St Dearborn, MI	3.0	2.0	1400	$1,599	$1.14	19d	1	1.07mi
2825 Queen St Dearborn, MI	2.0	1.0	1000	$1,299	$1.30	44d	1	1.07mi
26089 Lehigh St Inkster, MI	2.0	1.0	900	$1,295	$1.44	18d	1	1.08mi
3620 Monroe St Dearborn, MI	3.0	2.0	1100	$1,800	$1.64	11d	1	1.15mi
26159 Stanford St Inkster, MI	4.0	1.0	1056	$1,350	$1.28	6d	1	1.17mi
4757 Dudley St Dearborn Heights, MI	3.0	1.0	995	$1,350	$1.36	11d	1	1.23mi
25745 Princeton St Dearborn Heights, MI	3.0	1.0	1080	$1,500	$1.39	11d	1	1.23mi
26274 McDonald St Dearborn Heights, MI	3.0	1.0	1365	$1,575	$1.15	0d	1	1.26mi
4810 Campbell St Dearborn Heights, MI	3.0	1.0	1000	$1,700	$1.70	0d	1	1.38mi
4638 Gertrude St Dearborn Heights, MI	3.0	1.0	1020	$1,700	$1.67	6d	1	1.44mi
4914 Gertrude St Dearborn Heights, MI	2.0	1.0	908	$1,230	$1.35	18d	1	1.45mi
24720 Michigan Ave Dearborn, MI	2.0	1.0	900	$1,350	$1.50	44d	1	1.47mi

Listing history 29 events

1. 2026-05-14
   status Pending 638-char remark

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

2. 2026-05-14
   status Pending 638-char remark

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

3. 2026-05-14
   status Pending

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

4. 2026-05-08
   status Active 638-char remark

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

5. 2026-05-08
   status Active 638-char remark

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

6. 2026-05-08
   status Active

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

7. 2026-04-24
   status Pending 638-char remark

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

8. 2026-04-24
   status Pending 638-char remark

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

9. 2026-04-24
   status Pending

   Show marketing remark (638 chars)

   Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

10. 2026-04-04
    status Active 638-char remark

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

11. 2026-04-04
    status Active 638-char remark

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

12. 2026-04-04
    status Active

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

13. 2026-02-09
    status Pending 638-char remark

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

14. 2026-02-09
    status Pending 638-char remark

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

15. 2026-02-09
    status Pending

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

16. 2026-02-03
    listed $159,900 Active 638-char remark

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

17. 2026-02-03
    listed $159,900 Active

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

18. 2026-02-03
    listed $159,900 Active 638-char remark

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

19. 2026-01-31
    historical $159,900 638-char remark

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

20. 2026-01-31
    historical $159,900

    Show marketing remark (638 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath bungalow located in a desirable Dearborn Heights neighborhood. This home offers a spacious living room filled with natural light, creating a comfortable and inviting space for everyday living and entertaining. The interior features fresh paint throughout, giving the home a clean, modern feel. Outside, enjoy the convenience of a detached two-car garage, providing ample parking and storage. With a functional layout and move-in-ready condition, this property is perfect for first-time homebuyers, downsizers, or investors. Conveniently located near shopping, schools, and major roadways.

21. 2012-06-19
    soldstatus $15,000
22. 2012-06-19
    soldstatus $15,000
23. 2012-05-23
    historical
24. 2012-05-23
    historical
25. 2012-03-26
    listed $18,000
26. 2012-03-26
    listed $18,000
27. 2006-03-01
    soldstatus $73,900
28. 2006-01-26
    soldstatus $73,900
29. 2005-11-08
    listed $79,900

ⓘ 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: $2,364 · $197/mo
• Projected year-2 tax: $2,413 · $201/mo
• Expected delta: +$49/yr (+$4/mo · 2.1%)

ⓘ 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: $19,858
• − Mortgage interest: −$8,957
• − Property taxes: −$2,364
• − Insurance: −$800
• − Repairs & maintenance: −$1,589
• − Management: −$1,589
• − Depreciation: −$4,652
• Taxable loss: −$91
• Est. tax savings @ 24.0%: +$22
• After-tax cash flow: $2,484/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: Westwood Community School District
• NCES district ID: 2611640
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 11% ▼ -6.00%
• Median HH income: $36,350
• Composite: 7.06/100
• National rank: #9967
• State rank: #529 of 540 in MI

Livability — Dearborn Heights

• Score: 79/100
• State rank: #82
• US rank: #1885

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dearborn Heights, MI
• County: Wayne County · 1,562,939 people
• City population: 61,771
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 22,125
• Household income: $60,195
• Rent vs Own: 32.1% rent · 67.9% own
• Severe rent burden: 654.0

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 (76%)
• Race & ethnicity: White 76% Black 10% Two or more races 9% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 11% Arab 3% Slovak 2%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 13% Spanish 3% Russian/Polish/Slavic 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: ▼ -214.70%
• Current HPI: 218.4698
• Rent YoY: ▲ 2.03%
• 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

+100.1% since first listed

29 events — show timeline

• 2026-05-14 Pending — REALCOMP
• 2026-05-14 Pending — MiRealSource-MiMLS
• 2026-05-14 Pending — SW Michigan MLS
• 2026-05-08 Relisted — MiRealSource-MiMLS
• 2026-05-08 Relisted — REALCOMP
• 2026-05-08 Relisted — SW Michigan MLS
• 2026-04-24 Pending — REALCOMP
• 2026-04-24 Pending — MiRealSource-MiMLS
• 2026-04-24 Pending — SW Michigan MLS
• 2026-04-04 Relisted — MiRealSource-MiMLS
• 2026-04-04 Relisted — REALCOMP
• 2026-04-04 Relisted — SW Michigan MLS
• 2026-02-09 Pending — REALCOMP
• 2026-02-09 Pending — MiRealSource-MiMLS
• 2026-02-09 Pending — SW Michigan MLS
• 2026-02-03 Listed $159,900 REALCOMP
• 2026-02-03 Listed $159,900 SW Michigan MLS
• 2026-02-03 Listed $159,900 MiRealSource-MiMLS
• 2026-01-31 Coming Soon $159,900 MiRealSource-MiMLS
• 2026-01-31 Coming Soon $159,900 SW Michigan MLS
• 2012-06-19 Sold (MLS) $15,000 MiRealSource-MiMLS
• 2012-06-19 Sold (MLS) $15,000 REALCOMP
• 2012-05-23 Listing Removed — MiRealSource-MiMLS
• 2012-05-23 Listing Removed — REALCOMP
• 2012-03-26 Listed $18,000 MiRealSource-MiMLS
• 2012-03-26 Listed $18,000 REALCOMP
• 2006-03-01 Sold (Public Records) $73,900 Public Records
• 2006-01-26 Sold (MLS) $73,900 REALCOMP
• 2005-11-08 Listed $79,900 REALCOMP

Property tax history

+0.2%/yr

Latest (2025): $2,364 · -32.4% YoY. Source: county tax records.