6886 E Nashway Dr · Farmington Hills, MI 48322

$300,000

3 bd · 1.5 ba · 2,061 sqft · SingleFamily public records · 25 Days on market

Built 1956 0.61 ac lot $146/sqft · 26% below area Est $450k · 33% 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 +16.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• Schools +4.5/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

Key facts

• Breakfast nook
• Brick fireplace
• Large backyard

Tags

• BREAKFAST NOOK
• HARDWOOD FLOORS
• BRICK FIREPLACE
• FINISHED BASEMENT
• LARGE BACKYARD
• TWO-TIER DECK

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; One level (with entry at ground level and steps); Brick construction
• Construction: Brick construction; Full basement (partially finished)
• Exterior features: Deck; Shed(s); Paved road access

Interior

• Kitchen: Dishwasher; Free-standing electric range; Free-standing refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air; Ceiling fans; Forced air heating; Baseboard heating; Natural gas heating
• Interior features: Living room fireplace; Full, partially finished basement; 9 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $281k (6.4% below list).
• Recommended offer: $281k (6.4% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 3.5% in Farmington Hills — 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 81/100 on livability (#64 in MI, #1,364 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, crime A; Watch: amenities D, health & safety F.
• West Bloomfield School District (suburban): math 42% / reading 55% proficiency, ranked #83 of 540 in MI (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.4%/yr); 181 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($296k) is reasonable based on typical stale-listing flexibility.
• 17 sale attempts since 24y ago; this cycle's ask has dropped $25k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $280,730 (6.4% below list)

Questions for the listing agent

1. Built in 1956 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 0.94% ✗
• Cap rate: 7.07%
• Cash-on-cash: 2.77%
• DSCR: 1.12
• GRM: 8.9

CMA / ARV

• ARV (median comp): $450,441
• List price: $300,000
• Delta: -33.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6886 E Nashway Dr	0.00mi	3/1.5	2,286 (+11%)	1mo	$310,000	$136	81
7309 Muerdale	0.31mi	3/2.5	2,190 (+6%)	19mo	$446,500	$204	56
6960 Indian Creek Dr	0.67mi	3/2.5	1,986 (-4%)	21mo	$426,000	$215	41
6930 Drake Rd	0.48mi	3/2.5	2,306 (+12%)	19mo	$413,000	$179	38

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -15.3%
• Equity multiple: 0.47×
• Total profit: $-44,485
• Equity at exit: $44,731

10-year hold

• IRR: -12.7%
• Equity multiple: 0.35×
• Total profit: $-54,589
• Equity at exit: $25,939

Cash invested: $84,000 (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 48322

• Rents YoY: -0.4%
• Active inventory: 181
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,807 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$326 /mo · $3,909/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$590
• Net cashflow: $194

Break-even live

Break-even rent $2,562

Max offer price $300,000

Occupancy floor 88%

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5202 Richard Run West Bloomfield, MI	3.0	2.5	1650	$2,500	$1.52	16d	1	0.61mi
5353 Wright Way W West Bloomfield, MI	4.0	2.5	1819	$2,700	$1.48	24d	1	0.63mi
5485 Hammersmith Dr West Bloomfield, MI	4.0	2.5	2402	$3,800	$1.58	1d	1	1.12mi
6350 Aldingbrooke Circle Rd N West Bloomfield, MI	1.0–3.0	1.0–3.0	1900	$3,360	$1.77	1d	24	1.13mi
5611 Drake Hollow Dr W West Bloomfield, MI	2.0	2.5	1553	$2,295	$1.48	10d	1	1.23mi
6625 Fireside Ct West Bloomfield Township, MI	2.0	2.0	1450	$2,000	$1.38	24d	1	1.32mi
6322 Aspen Ridge Blvd West Bloomfield, MI	2.0	2.5	2391	$3,500	$1.46	1d	1	1.45mi
7020 Orchard Lake Rd West Bloomfield, MI	1.0–3.0	1.0–2.5	1298	$6,335	$4.88	1d	25	1.49mi

Listing history 46 events

1. 2026-05-18
   price $300,000 628-char remark

   Show marketing remark (628 chars)

   Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

2. 2026-05-18
   status Pending 628-char remark

   Show marketing remark (628 chars)

   Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

3. 2026-05-18
   status Pending 628-char remark

   Show marketing remark (628 chars)

   Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

4. 2026-05-18
   price $300,000 628-char remark

   Show marketing remark (628 chars)

   Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

5. 2026-05-09
   price $309,900 628-char remark

   Show marketing remark (628 chars)

   Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

6. 2026-05-08
   price $309,900 628-char remark
7. 2026-04-23
   listed $324,900 Active 628-char remark

   Show marketing remark (628 chars)

   Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

8. 2026-04-23
   listed $324,900 Active 628-char remark

   Show marketing remark (628 chars)

   Charming 3 bedroom, 1.1 bath ranch offering 1,521 SQFT in the highly sought-after West Bloomfield School District! The kitchen features a cozy breakfast nook and ample counter space. The inviting living room showcases hardwood floors, a brick fireplace surround, and an open view into the dining area. A convenient mudroom is located just off the attached 2-car garage. The finished basement provides additional living space along with ample storage, and includes a newer sump pump for added peace of mind. Step outside to enjoy a large backyard complete with a shed and a spacious two-tier deck. Schedule a showing today! BTVAI

9. 2026-03-23
   historical
10. 2026-03-06
    price $330,000
11. 2026-03-05
    price $330,000
12. 2025-11-26
    listed $349,900 Active
13. 2025-11-25
    listed $349,900 Active
14. 2019-11-11
    historical
15. 2019-11-11
    historical
16. 2019-11-09
    historical Keep Showing-Contgcy Appl
17. 2019-11-09
    historical Contingent - Continue To Show
18. 2019-09-21
    price $210,000
19. 2019-09-21
    price $210,000
20. 2019-09-20
    status Active
21. 2019-09-20
    status Active
22. 2019-09-15
    status Pending
23. 2019-09-15
    status Pending
24. 2019-09-11
    listed $215,000 Active
25. 2019-09-11
    listed $215,000 Active
26. 2015-07-19
    historical
27. 2015-04-22
    historical
28. 2015-03-13
    price $190,000
29. 2015-01-20
    listed $199,000 Active
30. 2015-01-19
    listed $190,000
31. 2012-07-21
    historical
32. 2012-07-21
    historical
33. 2012-05-08
    historical
34. 2012-03-06
    listed $1,600
35. 2011-12-02
    listed $169,000
36. 2011-12-02
    listed $169,000
37. 2003-07-30
    soldstatus $182,500
38. 2003-04-22
    historical
39. 2003-03-11
    listed $210,000
40. 2003-03-10
    historical
41. 2002-12-10
    listed $210,000
42. 2002-11-09
    historical
43. 2002-08-09
    listed $210,000
44. 2002-08-07
    historical
45. 2002-05-08
    listed $234,900
46. 1993-07-16
    soldstatus $17,000

ⓘ 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: $3,909 · $326/mo
• Projected year-2 tax: $4,264 · $355/mo
• Expected delta: +$356/yr (+$30/mo · 9.1%)

ⓘ 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 2/10 Low 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,688
• − Mortgage interest: −$16,805
• − Property taxes: −$3,909
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,695
• − Management: −$2,695
• − Depreciation: −$8,727
• Taxable loss: −$2,643
• Est. tax savings @ 24.0%: +$634
• After-tax cash flow: $2,960/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: West Bloomfield School District
• NCES district ID: 2635820
• Math proficiency: 42% ▼ -6.00%
• Reading proficiency: 55% ▼ -2.00%
• Median HH income: $89,668
• Composite: 45.28/100
• National rank: #2653
• State rank: #83 of 540 in MI

Livability — Farmington Hills

• Score: 81/100
• State rank: #64
• US rank: #1364

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Oakland County · 1,009,092 people
• City population: 67,612
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 32,885
• Household income: $113,865
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 911.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 20% Asian 10% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Arab 9% Romanian 5% Scotch-Irish 4%
• Foreign-born: 25% · Canada, China
• Languages at home: 71% English-only · Arabic 8% Other Indo-European 5% Other Asian/Pacific 3%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.52%
• Current HPI: 149.0523
• Rent YoY: ▼ -0.43%
• 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

+1723.5% since first listed

49 events — show timeline

• 2026-06-03 Sold (Public Records) $310,000 Public Records
• 2026-05-29 Sold (MLS) $310,000 REALCOMP
• 2026-05-29 Sold (MLS) $310,000 MiRealSource-MiMLS
• 2026-05-18 Price Changed $300,000 MiRealSource-MiMLS
• 2026-05-18 Pending — MiRealSource-MiMLS
• 2026-05-18 Pending — REALCOMP
• 2026-05-18 Price Changed $300,000 REALCOMP
• 2026-05-09 Price Changed $309,900 MiRealSource-MiMLS
• 2026-05-08 Price Changed $309,900 REALCOMP
• 2026-04-23 Listed $324,900 REALCOMP
• 2026-04-23 Listed $324,900 MiRealSource-MiMLS
• 2026-03-23 Listing Removed — MiRealSource-MiMLS
• 2026-03-06 Price Changed $330,000 MiRealSource-MiMLS
• 2026-03-05 Price Changed $330,000 REALCOMP
• 2025-11-26 Listed $349,900 REALCOMP
• 2025-11-25 Listed $349,900 MiRealSource-MiMLS
• 2019-11-11 Listing Removed — REALCOMP
• 2019-11-11 Listing Removed — MiRealSource-MiMLS
• 2019-11-09 Contingent — MiRealSource-MiMLS
• 2019-11-09 Contingent — REALCOMP
• 2019-09-21 Price Changed $210,000 MiRealSource-MiMLS
• 2019-09-21 Price Changed $210,000 REALCOMP
• 2019-09-20 Relisted — MiRealSource-MiMLS
• 2019-09-20 Relisted — REALCOMP
• 2019-09-15 Pending — MiRealSource-MiMLS
• 2019-09-15 Pending — REALCOMP
• 2019-09-11 Listed $215,000 MiRealSource-MiMLS
• 2019-09-11 Listed $215,000 REALCOMP
• 2015-07-19 Listing Removed — MiRealSource-MiMLS
• 2015-04-22 Listing Removed — REALCOMP
• 2015-03-13 Price Changed $190,000 REALCOMP
• 2015-01-20 Listed $199,000 REALCOMP
• 2015-01-19 Listed $190,000 MiRealSource-MiMLS
• 2012-07-21 Listing Removed — MiRealSource-MiMLS
• 2012-07-21 Listing Removed — MiRealSource-MiMLS
• 2012-05-08 Listing Removed — REALCOMP
• 2012-03-06 Listed $1,600 MiRealSource-MiMLS
• 2011-12-02 Listed $169,000 REALCOMP
• 2011-12-02 Listed $169,000 MiRealSource-MiMLS
• 2003-07-30 Sold (Public Records) $182,500 Public Records
• 2003-04-22 Listing Removed — REALCOMP
• 2003-03-11 Listed $210,000 REALCOMP
• 2003-03-10 Listing Removed — REALCOMP
• 2002-12-10 Listed $210,000 REALCOMP
• 2002-11-09 Listing Removed — REALCOMP
• 2002-08-09 Listed $210,000 REALCOMP
• 2002-08-07 Listing Removed — REALCOMP
• 2002-05-08 Listed $234,900 REALCOMP
• 1993-07-16 Sold (Public Records) $17,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $3,909 · +6.2% YoY. Source: county tax records.