26935 California St · Taylor, MI 48180

$150,000

3 bd · 1.0 ba · 1,034 sqft · SingleFamily public records · 14 Days on market

Built 1971 6,970 sqft lot Est $161k · 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 +20.8/30.0
• ARV discount +10.7/15.0
• DSCR +6.6/10.0
• 1% rule +5.8/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity to own this charming brick ranch home located in heart of Taylor. Featuring three bedrooms, 1 bath, First floor laundry, Central air, Large fenced in yard. Seller providing C of O at close! Email all offers to [email protected]

Key facts

• First floor laundry
• Brick ranch home
• Central air

Tags

• BRICK RANCH HOME
• FIRST FLOOR LAUNDRY
• CENTRAL AIR
• LARGE FENCED IN YARD

Property features AI

Exterior

• Utilities: Public water supply
• Home design: Ranch-style single family residence; Single-story
• Construction: Built in 1971; Brick construction
• Exterior features: Lot around 0.16 acres; Public water

Interior

• Kitchen: Two kitchens listed (one 11 x 9 and one listed as Kitchen without dimensions)
• Bedrooms: Primary bedroom approximately 11 x 10; Bedroom 2 approximately 10 x 10; Bedroom 3 approximately 10 x 10
• Bathrooms: One full bathroom; Primary bathroom
• Heating & cooling: Forced air heating; Has central cooling
• Interior features: Five total rooms; Crawl space and slab foundation/basement configuration

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

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 $150k).
• Cap rate 7.9% vs local median 5.4% in Taylor — 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 76/100 on livability (#144 in MI, #3,684 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F.
• Taylor School District (urban): math 14% / reading 27% proficiency, ranked #462 of 540 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Myers Elementary School (math 10% / reading 10%, grade F, #1,230 of 1,397 statewide, top 91%, 297 students, 96% FRL); Hoover Middle School (math 12% / reading 27%, grade F, #425 of 493 statewide, top 87%, 490 students, 81% FRL); Taylor High School (math 37% / reading 52%, grade F, #214 of 713 statewide, top 36%, 1,394 students, 66% FRL).
• Market conditions: Rents rising fast (+4.9%/yr); 289 active listings in the ZIP; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 32% of the median local income ($61k/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 $4k 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 22 sale attempts since 27y 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.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1971 — 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: 1.08% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.85%
• DSCR: 1.26
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $161,304
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16226 Karin St	0.15mi	3/1.0	1,034 (0%)	2mo	$165,000	$160	92
26914 California St	0.03mi	3/1.0	1,034 (0%)	11mo	$159,000	$154	89
15910 Hampden St	0.24mi	3/1.5	1,017 (-2%)	6mo	$125,000	$123	79
15815 Wellington St	0.30mi	3/1.0	1,054 (+2%)	8mo	$164,900	$156	76
15746 Meadow St	0.66mi	3/1.0	1,050 (+2%)	1mo	$175,000	$167	66
15684 Mcguire St	0.58mi	3/1.0	995 (-4%)	1mo	$145,000	$146	66
15789 Meadow St	0.63mi	3/1.0	1,008 (-2%)	10mo	$186,000	$185	58
15390 Beech Daly Rd	0.73mi	3/1.0	1,071 (+4%)	5mo	$160,500	$150	56
15812 Orchard St	0.72mi	3/1.0	1,008 (-2%)	9mo	$176,000	$175	54
26625 Eureka Rd	0.63mi	3/1.0	987 (-4%)	10mo	$105,000	$106	54
15605 Mcguire St	0.64mi	3/1.0	976 (-6%)	11mo	$159,500	$163	52
15720 Beech Daly Rd	0.65mi	3/1.0	967 (-6%)	11mo	$150,052	$155	50

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 · 4.9% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-8,037
• Equity at exit: $22,365

10-year hold

• IRR: 6.8%
• Equity multiple: 1.56×
• Total profit: $23,534
• Equity at exit: $12,969

Cash invested: $42,000 (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 48180

• Rents YoY: 4.9%
• Active inventory: 289
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,627 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$231 /mo · $2,778/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $205

Break-even live

Break-even rent $1,368

Max offer price $150,000

Occupancy floor 82%

Sensitivity live

Price	-10% $290	-5% $247	+0% $205	+5% $162	+10% $120
Rent	-10% $76	-5% $141	+0% $205	+5% $269	+10% $333
Rate	-1.0pp $280	-0.5pp $243	base $205	+0.5pp $166	+1.0pp $126

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-07
   status $150,000 Pending 14 DOM
2. 2026-06-04
   days on market $150,000 Active 14 DOM
3. 2026-06-03
   days on market $150,000 Active 13 DOM
4. 2026-06-02
   days on market $150,000 Active 12 DOM
5. 2026-06-01
   days on market $150,000 Active 11 DOM
6. 2026-05-31
   days on market $150,000 Active 10 DOM
7. 2026-05-21
   listed $150,000 Active 246-char remark

   Show marketing remark (246 chars)

   Great opportunity to own this charming brick ranch home located in heart of Taylor. Featuring three bedrooms, 1 bath, First floor laundry, Central air, Large fenced in yard. Seller providing C of O at close! Email all offers to [email protected]

8. 2026-05-21
   listed $150,000 Active

   Show marketing remark (246 chars)

   Great opportunity to own this charming brick ranch home located in heart of Taylor. Featuring three bedrooms, 1 bath, First floor laundry, Central air, Large fenced in yard. Seller providing C of O at close! Email all offers to [email protected]

9. 2026-05-21
   listed $150,000 Active 246-char remark

   Show marketing remark (246 chars)

   Great opportunity to own this charming brick ranch home located in heart of Taylor. Featuring three bedrooms, 1 bath, First floor laundry, Central air, Large fenced in yard. Seller providing C of O at close! Email all offers to [email protected]

10. 2026-03-06
    status Pending
11. 2026-03-06
    status Pending
12. 2026-03-03
    historical
13. 2026-02-24
    listed $150,000 Active
14. 2026-02-24
    listed $150,000 Active
15. 2021-10-07
    soldstatus $1,483,000
16. 2021-06-08
    soldstatus $95,000
17. 2018-12-05
    soldstatus $93,000
18. 2018-05-21
    soldstatus $56,000
19. 2018-05-04
    soldstatus $56,000 Sold
20. 2018-05-04
    soldstatus $56,000 Closed
21. 2018-04-05
    status Pending
22. 2018-04-05
    status Pending
23. 2018-04-02
    listed $64,900 Active
24. 2018-04-02
    listed $64,900 Active
25. 2010-03-30
    soldstatus $18,151
26. 2010-02-12
    listed $20,000
27. 2009-12-04
    historical
28. 2009-05-09
    listed $39,900
29. 2009-05-09
    historical
30. 2009-04-23
    listed $49,900
31. 2009-04-23
    historical
32. 2009-04-16
    listed $59,900
33. 2009-04-16
    historical
34. 2009-02-27
    listed $69,999
35. 2009-02-27
    historical
36. 2009-01-30
    listed $69,999
37. 2009-01-30
    historical
38. 2008-08-24
    listed $84,000
39. 2008-02-26
    historical
40. 2007-09-09
    listed $94,900
41. 2007-09-09
    historical
42. 2007-08-17
    listed $94,900
43. 2007-08-17
    historical
44. 2007-07-29
    listed $94,900
45. 2007-07-29
    historical
46. 2007-04-17
    listed $94,900
47. 2007-04-17
    historical
48. 2006-12-11
    listed $99,900
49. 2006-12-11
    historical
50. 2006-08-15
    listed $99,900

ⓘ 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: $2,778 · $231/mo
• Projected year-2 tax: $2,778 · $231/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,526
• − Mortgage interest: −$8,402
• − Property taxes: −$2,778
• − Insurance: −$750
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − Depreciation: −$4,364
• Taxable income: $108
• Est. tax owed @ 24.0%: −$26
• After-tax cash flow: $2,433/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: Taylor School District
• NCES district ID: 2633540
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 27% ▼ -4.00%
• Median HH income: $43,062
• Composite: 17.62/100
• National rank: #9034
• State rank: #462 of 540 in MI

Livability — Taylor

• Score: 76/100
• State rank: #144
• US rank: #3684

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, MI
• County: Wayne County · 1,562,939 people
• City population: 62,081
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 62,081
• Household income: $61,081
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1957.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 4% Arabic 3% Other Indo-European 3%

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: ▼ -212.33%
• Current HPI: 228.921
• Rent YoY: ▲ 4.90%
• 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

+354.5% since first listed

50 events — show timeline

• 2026-05-21 Listed $150,000 REALCOMP
• 2026-05-21 Listed $150,000 SW Michigan MLS
• 2026-05-21 Listed $150,000 MiRealSource-MiMLS
• 2026-03-06 Pending — MiRealSource-MiMLS
• 2026-03-06 Pending — REALCOMP
• 2026-03-03 Listing Removed — MiRealSource-MiMLS
• 2026-02-24 Listed $150,000 REALCOMP
• 2026-02-24 Listed $150,000 MiRealSource-MiMLS
• 2021-10-07 Sold (Public Records) $1,483,000 Public Records
• 2021-06-08 Sold (Public Records) $95,000 Public Records
• 2018-12-05 Sold (Public Records) $93,000 Public Records
• 2018-05-21 Sold (Public Records) $56,000 Public Records
• 2018-05-04 Sold (MLS) $56,000 MiRealSource-MiMLS
• 2018-05-04 Sold (MLS) $56,000 REALCOMP
• 2018-04-05 Pending — MiRealSource-MiMLS
• 2018-04-05 Pending — REALCOMP
• 2018-04-02 Listed $64,900 MiRealSource-MiMLS
• 2018-04-02 Listed $64,900 REALCOMP
• 2010-03-30 Sold (MLS) $18,151 REALCOMP
• 2010-02-12 Listed $20,000 REALCOMP
• 2009-12-04 Listing Removed — REALCOMP
• 2009-05-09 Listing Removed — REALCOMP
• 2009-05-09 Listed $39,900 REALCOMP
• 2009-04-23 Listing Removed — REALCOMP
• 2009-04-23 Listed $49,900 REALCOMP
• 2009-04-16 Listing Removed — REALCOMP
• 2009-04-16 Listed $59,900 REALCOMP
• 2009-02-27 Listing Removed — REALCOMP
• 2009-02-27 Listed $69,999 REALCOMP
• 2009-01-30 Listing Removed — REALCOMP
• 2009-01-30 Listed $69,999 REALCOMP
• 2008-08-24 Listed $84,000 REALCOMP
• 2008-02-26 Listing Removed — REALCOMP
• 2007-09-09 Listing Removed — REALCOMP
• 2007-09-09 Listed $94,900 REALCOMP
• 2007-08-17 Listing Removed — REALCOMP
• 2007-08-17 Listed $94,900 REALCOMP
• 2007-07-29 Listing Removed — REALCOMP
• 2007-07-29 Listed $94,900 REALCOMP
• 2007-04-17 Listing Removed — REALCOMP
• 2007-04-17 Listed $94,900 REALCOMP
• 2006-12-11 Listing Removed — REALCOMP
• 2006-12-11 Listed $99,900 REALCOMP
• 2006-08-15 Listing Removed — REALCOMP
• 2006-08-15 Listed $99,900 REALCOMP
• 2006-07-05 Listed $103,900 REALCOMP
• 2003-03-05 Sold (Public Records) $88,500 Public Records
• 2000-03-24 Listing Removed — REALCOMP
• 1999-10-12 Listed $69,900 REALCOMP
• 1996-08-05 Sold (Public Records) $33,000 Public Records

Property tax history

+2.5%/yr

Latest (2025): $2,778 · -10.2% YoY. Source: county tax records.