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46688 Lemans Ct
B Composite 70.21
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
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • ARV discount +7.5/15.0
  • Schools +4.0/10.0
  • Condition / age +3.8/5.0
  • Rent growth +2.5/5.0
  • Livability +2.5/5.0
  • Appreciation +0.0/10.0

$85,000

46688 Lemans Ct · Macomb, MI 48044
4 bd · 2.0 ba · 1,600 sqft · Manufactured · 16 Days on market
Built 2007 Good condition

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Discover your new home in the serene community of Westbridge Manor! This charming four-bedroom, two-bathroom mobile home boasts a brand new roof, just installed in June 2026, ensuring peace of mind for years to come. Nestled at the end of a cul-de-sac, this property offers ample space with large lots on both sides and behind the home, providing privacy and room for outdoor activities. Inside, you’ll find a fresh, inviting atmosphere with newly painted walls and an open layout that seamlessly connects the spacious living area to the kitchen. The kitchen features generous counter space, a wraparound countertop perfect for barstool seating, and essential appliances including a fridge, stove, and dishwasher. A dedicated laundry room comes fully equipped with a washer and dryer for your convenience. Throughout the home, hallway closets provide additional storage, while the bedrooms boast walk-in closets for ample space. The primary ensuite offers a retreat with both a soaking tub and a shower enclosed by a sliding glass door. Living in Westbridge means enjoying fantastic amenities, which include both indoor and outdoor pools, an inviting indoor Jacuzzi, a full gymnasium, a fitness center, a playground, and a game room. This community truly has something for everyone, making it the perfect place to call home. Don’t miss out on this incredible opportunity!

Key facts

  • Large lots
  • Walk-in closets
  • Primary ensuite

Tags

NEW ROOFCUL-DE-SACLARGE LOTSDEDICATED LAUNDRY ROOMWALK-IN CLOSETSPRIMARY ENSUITE

Property features AI

Finance

  • HOA & community: Homeowners association with monthly fee

Exterior

  • Utilities: Public water; Public sewer
  • Home design: Manufactured home; One story; Located in WESTBRIDGE MANOR subdivision
  • Construction: Pillar/post/pier foundation; 1,600 above-grade finished area
  • Exterior features: No pool

Interior

  • Kitchen: Dishwasher; Oven; Range; Refrigerator
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
  • Interior features: Ceiling fans; 4 total rooms
  • Laundry & utility: Washer; Dryer

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath manufactured listed at $85k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $1k ($18k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $85k).
  • Recommended offer: $84k (1.5% below list) — sets the bar for market timing.

Location & tenants

  • Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
  • Chippewa Valley Schools (suburban): math 39% / reading 50% proficiency, ranked #133 of 540 in MI (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: 261 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 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 $588 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 + 3.0% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 16 days — a 2% lower offer ($84k) 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 $83,725 (1.5% below list)

Questions for the listing agent

  1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  2. 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.
  3. 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.
  4. 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
3.05%
Cap rate
26.89%
Cash-on-cash
73.56%
DSCR
4.27
GRM
2.7

CMA / ARV

ARV (on-the-fly)
$12,800
Comps found
1
Show comp detail 1 sale within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
21548 Clochette Dr 0.34mi 4/2.0 1,456 (-9%) 8mo $11,000 $8 63

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
73.3%
Equity multiple
4.33×
Total profit
$79,188
Equity at exit
$12,674
10-year hold
IRR
77.2%
Equity multiple
8.93×
Total profit
$188,768
Equity at exit
$7,349

Cash invested: $23,800 (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.

ZIP-level market 48044

Active inventory
261
Price-to-rent
2.7×

Monthly cashflow live

Estimated rent
$2,590 medium interval (Pro) →
Mortgage (P&I)
$446
Tax est. 1.5%
$106 /mo · $1,275/yr
Insurance
$35
HOA
$0
Vacancy / Maint / Mgmt
$544
Net cashflow
$1,459

Break-even live

Break-even rent $744
Max offer price $85,000
Occupancy floor 39%

Sensitivity live

Price -10% $1,518 -5% $1,488 +0% $1,459 +5% $1,430 +10% $1,400
Rent -10% $1,254 -5% $1,357 +0% $1,459 +5% $1,561 +10% $1,664
Rate -1.0pp $1,502 -0.5pp $1,481 base $1,459 +0.5pp $1,437 +1.0pp $1,415

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
$21,250
Closing costs
$2,550
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 1 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
45301 Chateau Thierry Blvd Macomb, MI 1.0–4.0 1.0–2.0 1092 $1,779 $1.63 0d 1 0.78mi

Listing history 12 events

  1. 2026-06-18
    days on market $85,000 Active 16 DOM
  2. 2026-06-17
    days on market $85,000 Active 15 DOM
  3. 2026-06-16
    days on market $85,000 Active 14 DOM
  4. 2026-06-15
    days on market $85,000 Active 13 DOM
  5. 2026-06-13
    days on market $85,000 Active 11 DOM
  6. 2026-06-13
    days on market $85,000 Active 10 DOM
  7. 2026-06-09
    days on market $85,000 Active 7 DOM
  8. 2026-06-08
    days on market $85,000 Active 6 DOM
  9. 2026-06-07
    days on market $85,000 Active 5 DOM
  10. 2026-06-04
    days on market $85,000 Active 2 DOM
  11. 2026-06-03
    remarks 699-char remark
  12. 2026-06-03
    listed $85,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$31,084
− Mortgage interest
−$4,761
− Property taxes
−$1,275
− Insurance
−$425
− Repairs & maintenance
−$2,487
− Management
−$2,487
− Depreciation
−$2,473
Taxable income
$17,177
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$4,122
After-tax cash flow
$13,385/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 · 12 photos

Good 75/100 Cosmetic rehab

This mobile home is in good condition with a new roof and fresh paint. It offers a good investment opportunity with potential for a kitchen renovation and landscaping improvements to boost its value.

Repairs flagged

  • Moderate Kitchen cabinets — Dated appearance
  • Minor Kitchen countertops — Need updating

Value-add opportunities

  • Both Kitchen renovation — Modernizing kitchen will appeal to buyers and renters.
  • Both Landscaping — Enhances curb appeal and adds value to the property.

Renovation cost estimate screening

Repair itemSeverityEst. cost
Kitchen cabinets · Dated appearance Moderate $3,000–15,000
Kitchen countertops · Need updating Minor $500–3,000
Total estimated repair cost · 2 items $3,500–18,000

Value-add ROI direction

  • Both Kitchen renovation — Modernizing kitchen will appeal to buyers and renters.
  • Both Landscaping — Enhances curb appeal and adds value to the property.

ⓘ 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
Chippewa Valley Schools
NCES district ID
2609570
Math proficiency
39% ▼ -10.00%
Reading proficiency
50% ▼ -4.00%
Median HH income
$64,964
Composite
39.61/100
National rank
#3922
State rank
#133 of 540 in MI

Livability — Macomb

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

County
Macomb County · 638,552 people
City population
58,754
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
58,754
Household income
$117,856
Rent vs Own
11.1% rent · 88.9% own
Severe rent burden
223.0

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 (84%)
Race & ethnicity
White 84% Black 6% Two or more races 4% Asian 4% Hispanic / Latino 3%
Common ancestry
Romanian 14% Lithuanian 3% Slovak 2%
Foreign-born
11% · Canada, China
Languages at home
84% English-only · Other Indo-European 5% Russian/Polish/Slavic 3% Arabic 2%

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
▼ -204.17%
Current HPI
221.35
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

Price history

+0.0% since first listed
2 events — show timeline
  • 2026-06-02 Listed $85,000 REALCOMP
  • 2026-06-02 Listed $85,000 MiRealSource-MiMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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