27809 Eastwick Sq. Sq · Roseville, MI 48066

$63,500

3 bd · 1.5 ba · 1,400 sqft · Condo · 182 Days on market

Built 1967 $45/sqft · at area comps Est $64k · at est. $595/mo HOA · 40% of rent

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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 +25.9/30.0
• 1% rule +10.0/10.0
• DSCR +8.7/10.0
• ARV discount +8.2/15.0
• 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

Welcome home to this spacious and inviting 3-bedroom, 1.5-bath co-op in Roseville, offering comfort, functionality, and charm throughout. Step inside to a bright living room featuring beautiful hardwood floors and abundant natural light, creating a welcoming space to relax or entertain. The eat-in kitchen is both practical and cozy, highlighted by the perfect coffee nook. A door wall leads to your private outdoor space, where you'll enjoy a concrete patio off the back, ideal for summer gatherings or quiet evenings outdoors. Downstairs, the finished basement adds valuable living space and includes a separate laundry area, offering convenience and extra storage. With three generously sized bedrooms and a half bath for guests, this home is designed for comfortable everyday living. Conveniently located and filled with natural light, this Roseville co-op is a wonderful opportunity to enjoy low-maintenance living without sacrificing space or style. Furnace is 12 years old, Hot water tank is brand new (2025). No leasing allowed by co-op. Partially gated community with surveillance system; only entrance is off Martin Road. Buyer is responsible for utilities. Co-op is responsible for furnace, water tank, stove, refrigerator, most indoor and outdoor maintenance, taxes, insurance and water. BATVAI

Key facts

• $595 HOA
• Built 1967
• Listed 181 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath condo listed at $64k.

Deal economics

• At list price, monthly cash flow is $156 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $64k).
• Recommended offer: $56k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $439 of loan paydown is wiped out by about $2k 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.

Negotiation context

• It's been on market 182 days — a 12% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y 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 $52k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 40% of rent.

Recommended offer $55,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 182 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.37% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.52%
• DSCR: 1.47
• GRM: 3.5

CMA / ARV

• ARV (median comp): $64,486
• List price: $63,500
• Delta: -1.53%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.39% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.78×
• Total profit: $-3,832
• Equity at exit: $9,468

10-year hold

• IRR: -4.5%
• Equity multiple: 0.78×
• Total profit: $-3,992
• Equity at exit: $5,490

Cash invested: $17,780 (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: 3.5×

Monthly cashflow live

• Estimated rent: $1,506 high
• Mortgage (P&I): −$333
• Tax est. 1.5%: −$79 /mo · $952/yr
• Insurance: −$26
• HOA: −$595
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $156

Break-even live

Break-even rent $1,309

Max offer price $63,500

Occupancy floor 85%

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: $15,875
• Closing costs: $1,905
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17405 Ivanhoe St Roseville, MI	3.0	1.0	969	$1,600	$1.65	43d	1	0.25mi
17392 Tennyson St Roseville, MI	3.0	1.0	900	$1,649	$1.83	2d	1	0.28mi
18635 Meier St Unit : Back Roseville, MI	2.0	1.0	900	$1,100	$1.22	24d	1	0.39mi
28744 Maple St Roseville, MI	3.0	1.0	1050	$1,295	$1.23	43d	1	0.52mi
18410 Tranquil St Roseville, MI	3.0	1.0	1140	$1,800	$1.58	14d	1	0.54mi
18410 Tranquil St Roseville, MI	3.0	1.0	1140	$1,800	$1.58	43d	1	0.54mi
28232 Floral St Unit 1032343P Roseville, MI	3.0	1.0	1496	$6,605	$4.42	12d	1	0.68mi
16944 E 11 Mile Rd Unit C2 Roseville, MI	2.0	1.0	900	$1,295	$1.44	24d	1	0.68mi
27067 Lawnwood St Roseville, MI	3.0	1.0	960	$1,500	$1.56	43d	1	0.70mi
16840 E Eleven Mile Rd Roseville, MI	2.0	1.0	900	$1,300	$1.44	21d	3	0.73mi
16840 E Eleven Mile Rd Unit 104 Roseville, MI	2.0	1.0	900	$1,200	$1.33	43d	1	0.73mi
16840 E Eleven Mile Rd Roseville, MI	2.0	1.0	900	$1,300	$1.44	24d	3	0.73mi
16840 E 11 Mile Rd Unit 109 Roseville, MI	2.0	1.0	900	$1,400	$1.56	43d	1	0.73mi
16840 E Eleven Mile Rd Unit 103 Roseville, MI	2.0	1.0	900	$1,250	$1.39	43d	1	0.73mi
27881 O Neil Roseville, MI	3.0	1.0	1300	$1,300	$1.00	24d	1	0.74mi
27547 O Neil Roseville, MI	3.0	1.0	1014	$1,350	$1.33	4d	1	0.74mi
26251 Pinehurst St Unit 251d Roseville, MI	2.0	1.0	1000	$1,200	$1.20	43d	1	0.76mi
26221 Pinehurst St Roseville, MI	2.0	1.0	1000	$1,200	$1.20	1d	1	0.77mi
16651 Twelve Mile Rd Roseville, MI	2.0–3.0	1.5	957	$1,720	$1.80	1d	1	1.07mi
19236 Florida St Roseville, MI	2.0	1.0	1160	$1,700	$1.47	1d	1	1.08mi
27241 Woodmont St Roseville, MI	3.0	1.0	924	$1,550	$1.68	1d	1	1.14mi
26511 Grandmont St Roseville, MI	3.0	1.0	960	$1,495	$1.56	4d	1	1.25mi
26536 Kathy St Roseville, MI	3.0	1.0	1000	$1,499	$1.50	24d	1	1.31mi
30512 Oakridge Manor Dr Roseville, MI	2.0	1.5	1002	$1,350	$1.35	24d	1	1.42mi
26153 Nagel St Roseville, MI	3.0	1.0	924	$1,500	$1.62	14d	1	1.45mi
26681 Clancy St Roseville, MI	3.0	1.0	1300	$1,800	$1.38	21d	1	1.46mi
26711 Lehner St Roseville, MI	3.0	1.0	960	$1,575	$1.64	24d	1	1.49mi

HOA detail condo

• Monthly dues: $595 · $7,140/yr
• Likely covers: watersecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $63,500 Active 182 DOM
2. 2026-06-17
   days on market $63,500 Active 181 DOM
3. 2026-06-16
   days on market $63,500 Active 180 DOM
4. 2026-06-15
   days on market $63,500 Active 179 DOM
5. 2026-06-13
   days on market $63,500 Active 177 DOM
6. 2026-06-09
   days on market $63,500 Active 173 DOM
7. 2026-06-08
   days on market $63,500 Active 172 DOM
8. 2026-06-07
   days on market $63,500 Active 171 DOM
9. 2026-06-04
   days on market $63,500 Active 168 DOM
10. 2026-06-03
    days on market $63,500 Active 167 DOM
11. 2026-06-02
    days on market $63,500 Active 166 DOM
12. 2026-06-01
    days on market $63,500 Active 165 DOM
13. 2026-05-31
    days on market $63,500 Active 164 DOM
14. 2026-04-07
    price $63,500 1307-char remark

    Show marketing remark (1307 chars)

    Welcome home to this spacious and inviting 3-bedroom, 1.5-bath co-op in Roseville, offering comfort, functionality, and charm throughout. Step inside to a bright living room featuring beautiful hardwood floors and abundant natural light, creating a welcoming space to relax or entertain. The eat-in kitchen is both practical and cozy, highlighted by the perfect coffee nook. A door wall leads to your private outdoor space, where you'll enjoy a concrete patio off the back, ideal for summer gatherings or quiet evenings outdoors. Downstairs, the finished basement adds valuable living space and includes a separate laundry area, offering convenience and extra storage. With three generously sized bedrooms and a half bath for guests, this home is designed for comfortable everyday living. Conveniently located and filled with natural light, this Roseville co-op is a wonderful opportunity to enjoy low-maintenance living without sacrificing space or style. Furnace is 12 years old, Hot water tank is brand new (2025). No leasing allowed by co-op. Partially gated community with surveillance system; only entrance is off Martin Road. Buyer is responsible for utilities. Co-op is responsible for furnace, water tank, stove, refrigerator, most indoor and outdoor maintenance, taxes, insurance and water. BATVAI

15. 2026-04-06
    price $63,500 1313-char remark

    Show marketing remark (1313 chars)

    Welcome home to this spacious and inviting 3-bedroom, 1.5-bath co-op in Roseville, offering comfort, functionality, and charm throughout. Step inside to a bright living room featuring beautiful hardwood floors and abundant natural light, creating a welcoming space to relax or entertain. The eat-in kitchen is both practical and cozy, highlighted by the perfect coffee nook. A door wall leads to your private outdoor space, where you’ll enjoy a concrete patio off the back, ideal for summer gatherings or quiet evenings outdoors. Downstairs, the finished basement adds valuable living space and includes a separate laundry area, offering convenience and extra storage. With three generously sized bedrooms and a half bath for guests, this home is designed for comfortable everyday living. Conveniently located and filled with natural light, this Roseville co-op is a wonderful opportunity to enjoy low-maintenance living without sacrificing space or style. Furnace is 12 years old, Hot water tank is brand new (2025). No leasing allowed by co-op. Partially gated community with surveillance system; only entrance is off Martin Road. Buyer is responsible for utilities. Co-op is responsible for furnace, water tank, stove, refrigerator, most indoor and outdoor maintenance, taxes, insurance and water. BATVAI

16. 2025-12-19
    listed $65,000 Active 1307-char remark

    Show marketing remark (1313 chars)

    Welcome home to this spacious and inviting 3-bedroom, 1.5-bath co-op in Roseville, offering comfort, functionality, and charm throughout. Step inside to a bright living room featuring beautiful hardwood floors and abundant natural light, creating a welcoming space to relax or entertain. The eat-in kitchen is both practical and cozy, highlighted by the perfect coffee nook. A door wall leads to your private outdoor space, where you’ll enjoy a concrete patio off the back, ideal for summer gatherings or quiet evenings outdoors. Downstairs, the finished basement adds valuable living space and includes a separate laundry area, offering convenience and extra storage. With three generously sized bedrooms and a half bath for guests, this home is designed for comfortable everyday living. Conveniently located and filled with natural light, this Roseville co-op is a wonderful opportunity to enjoy low-maintenance living without sacrificing space or style. Furnace is 12 years old, Hot water tank is brand new (2025). No leasing allowed by co-op. Partially gated community with surveillance system; only entrance is off Martin Road. Buyer is responsible for utilities. Co-op is responsible for furnace, water tank, stove, refrigerator, most indoor and outdoor maintenance, taxes, insurance and water. BATVAI

17. 2025-12-19
    listed $65,000 Active 1313-char remark

    Show marketing remark (1313 chars)

    Welcome home to this spacious and inviting 3-bedroom, 1.5-bath co-op in Roseville, offering comfort, functionality, and charm throughout. Step inside to a bright living room featuring beautiful hardwood floors and abundant natural light, creating a welcoming space to relax or entertain. The eat-in kitchen is both practical and cozy, highlighted by the perfect coffee nook. A door wall leads to your private outdoor space, where you’ll enjoy a concrete patio off the back, ideal for summer gatherings or quiet evenings outdoors. Downstairs, the finished basement adds valuable living space and includes a separate laundry area, offering convenience and extra storage. With three generously sized bedrooms and a half bath for guests, this home is designed for comfortable everyday living. Conveniently located and filled with natural light, this Roseville co-op is a wonderful opportunity to enjoy low-maintenance living without sacrificing space or style. Furnace is 12 years old, Hot water tank is brand new (2025). No leasing allowed by co-op. Partially gated community with surveillance system; only entrance is off Martin Road. Buyer is responsible for utilities. Co-op is responsible for furnace, water tank, stove, refrigerator, most indoor and outdoor maintenance, taxes, insurance and water. BATVAI

18. 2025-12-17
    historical $65,000 1307-char remark

    Show marketing remark (1307 chars)

    Welcome home to this spacious and inviting 3-bedroom, 1.5-bath co-op in Roseville, offering comfort, functionality, and charm throughout. Step inside to a bright living room featuring beautiful hardwood floors and abundant natural light, creating a welcoming space to relax or entertain. The eat-in kitchen is both practical and cozy, highlighted by the perfect coffee nook. A door wall leads to your private outdoor space, where you'll enjoy a concrete patio off the back, ideal for summer gatherings or quiet evenings outdoors. Downstairs, the finished basement adds valuable living space and includes a separate laundry area, offering convenience and extra storage. With three generously sized bedrooms and a half bath for guests, this home is designed for comfortable everyday living. Conveniently located and filled with natural light, this Roseville co-op is a wonderful opportunity to enjoy low-maintenance living without sacrificing space or style. Furnace is 12 years old, Hot water tank is brand new (2025). No leasing allowed by co-op. Partially gated community with surveillance system; only entrance is off Martin Road. Buyer is responsible for utilities. Co-op is responsible for furnace, water tank, stove, refrigerator, most indoor and outdoor maintenance, taxes, insurance and water. BATVAI

19. 2021-02-09
    soldstatus $52,500 Closed
20. 2021-02-09
    soldstatus $52,500
21. 2020-12-03
    status Pending
22. 2020-10-14
    price $62,500
23. 2020-09-23
    price $65,000
24. 2020-09-12
    price $68,000
25. 2020-08-14
    listed $74,900 Active
26. 2020-08-14
    listed $62,500
27. 2011-01-31
    historical
28. 2010-09-13
    listed $35,000

ⓘ 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: $18,070
• − Mortgage interest: −$3,557
• − Property taxes: −$952
• − Insurance: −$318
• − Repairs & maintenance: −$1,446
• − Management: −$1,446
• − HOA: −$7,140
• − Depreciation: −$1,847
• Taxable income: $1,365
• Est. tax owed @ 24.0%: −$328
• After-tax cash flow: $1,542/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

+81.4% since first listed

15 events — show timeline

• 2026-04-07 Price Changed $63,500 MiRealSource-MiMLS
• 2026-04-06 Price Changed $63,500 REALCOMP
• 2025-12-19 Listed $65,000 MiRealSource-MiMLS
• 2025-12-19 Listed $65,000 REALCOMP
• 2025-12-17 Coming Soon $65,000 MiRealSource-MiMLS
• 2021-02-09 Sold (MLS) $52,500 REALCOMP
• 2021-02-09 Sold (MLS) $52,500 MiRealSource-MiMLS
• 2020-12-03 Pending — MiRealSource-MiMLS
• 2020-10-14 Price Changed $62,500 MiRealSource-MiMLS
• 2020-09-23 Price Changed $65,000 MiRealSource-MiMLS
• 2020-09-12 Price Changed $68,000 MiRealSource-MiMLS
• 2020-08-14 Listed $62,500 REALCOMP
• 2020-08-14 Listed $74,900 MiRealSource-MiMLS
• 2011-01-31 Listing Removed — MiRealSource-MiMLS
• 2010-09-13 Listed $35,000 MiRealSource-MiMLS