41257 S Woodbury Green Dr · Van Buren, MI 48111

$130,000

2 bd · 1.5 ba · 876 sqft · Condo public records · 8 Days on market

Built 1976 $148/sqft · 11% above area Est $117k · 11% over $210/mo HOA · 16% of rent

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Why this score? — see what drove the D- 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 +14.7/30.0
• 1% rule +5.4/10.0
• DSCR +4.5/10.0
• Rent growth +3.4/5.0
• Schools +3.3/10.0
• ARV discount +2.7/15.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * Welcome to Woodbury Green! * * This beautifully updated condo is tucked away in the back of the complex, offering both privacy and a peaceful setting. This home has two spacious bedrooms, 1.5 baths, and an ideal layout for comfortable living. The main level boasts an open-concept living and dining area with a doorwall leading to a private patio with a storage shed - perfect for relaxing or entertaining. Enjoy the convenience of a first-floor laundry and half bath. The upper level features two generously sized bedrooms, including a primary with dual closets. Updates include new carpet and paint, a newer furnace (approx. 10 years), and a newer roof. All appliances, including the washer and dryer, are included. Additional perks include an assigned carport parking space with additional parking available. The HOA covers gas, water, exterior maintenance, and snow removal, adding to the ease of living here. Residents enjoy access to a community pool and clubhouse, ideal for social gatherings and summer relaxation. Immediate occupancy makes this condo move-in ready. Located just minutes from I-94 and I-275, with easy access to shopping, restaurants and much more. This affordable and low-maintenance condo is a fantastic opportunity - schedule your showing today!

Key facts

• Clubhouse
• Community pool
• First floor laundry

Tags

• PRIVATE PATIO
• FIRST FLOOR LAUNDRY
• ASSIGNED CARPORT PARKING
• COMMUNITY POOL
• CLUBHOUSE
• EASY ACCESS TO SHOPPING

Property features AI

Finance

• Other: Pets allowed (with number limit)
• HOA & community: Homeowners association with monthly fee of $210; HOA covers gas, water, grounds maintenance, structure maintenance, and snow removal

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Cable available
• Home design: Condominium; Residential property; Two levels; Ground-level entry
• Construction: Brick and vinyl siding exterior; Asphalt roof; Slab foundation; Built as part of condominium community
• Exterior features: Patio; Porch; Paved road access; Community in-ground pool; Community clubhouse; Sidewalks

Interior

• Kitchen: Dishwasher; Disposal; Free-standing gas range; Free-standing refrigerator; Exhaust fan
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating (natural gas); Exhaust fan
• Interior features: Dishwasher; Disposal; Exhaust fan; Free-standing gas range; Free-standing refrigerator; Gas water heater
• Laundry & utility: Washer; Dryer; No dedicated laundry features listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $32 ($387/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Van Buren Public Schools (suburban): math 33% / reading 43% proficiency, ranked #228 of 540 in MI (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 216 active listings in the ZIP; solid renter incomes; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 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 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 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 $130,000

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 1.04% ✓
• Cap rate: 6.59%
• Cash-on-cash: 1.06%
• DSCR: 1.05
• GRM: 8.1

CMA / ARV

• ARV (median comp): $117,434
• List price: $130,000
• Delta: 10.70%
• Verdict: OVERPRICED
• Comps: 19 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.64% rent growth · sell at horizon

5-year hold

• IRR: -13.7%
• Equity multiple: 0.50×
• Total profit: $-18,036
• Equity at exit: $19,383

10-year hold

• IRR: -3.6%
• Equity multiple: 0.75×
• Total profit: $-9,021
• Equity at exit: $11,240

Cash invested: $36,400 (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 48111

• Rents YoY: 3.6%
• Active inventory: 216
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,346 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$85 /mo · $1,019/yr
• Insurance: −$54
• HOA: −$210
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $32

Break-even live

Break-even rent $1,305

Max offer price $130,000

Occupancy floor 93%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $210 · $2,520/yr
• Likely covers: watergassnow removalexterior maint.pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 2 events

1. 2026-05-13
   listed $130,000 Active 1288-char remark

   Show marketing remark (1280 chars)

   * * Welcome to Woodbury Green! * * This beautifully updated condo is tucked away in the back of the complex, offering both privacy and a peaceful setting. This home has two spacious bedrooms, 1.5 baths, and an ideal layout for comfortable living. The main level boasts an open-concept living and dining area with a doorwall leading to a private patio with a storage shed - perfect for relaxing or entertaining. Enjoy the convenience of a first-floor laundry and half bath. The upper level features two generously sized bedrooms, including a primary with dual closets. Updates include new carpet and paint, a newer furnace (approx. 10 years), and a newer roof. All appliances, including the washer and dryer, are included. Additional perks include an assigned carport parking space with additional parking available. The HOA covers gas, water, exterior maintenance, and snow removal, adding to the ease of living here. Residents enjoy access to a community pool and clubhouse, ideal for social gatherings and summer relaxation. Immediate occupancy makes this condo move-in ready. Located just minutes from I-94 and I-275, with easy access to shopping, restaurants and much more. This affordable and low-maintenance condo is a fantastic opportunity - schedule your showing today!

2. 2026-05-13
   listed $130,000 Active 1280-char remark

   Show marketing remark (1280 chars)

   * * Welcome to Woodbury Green! * * This beautifully updated condo is tucked away in the back of the complex, offering both privacy and a peaceful setting. This home has two spacious bedrooms, 1.5 baths, and an ideal layout for comfortable living. The main level boasts an open-concept living and dining area with a doorwall leading to a private patio with a storage shed - perfect for relaxing or entertaining. Enjoy the convenience of a first-floor laundry and half bath. The upper level features two generously sized bedrooms, including a primary with dual closets. Updates include new carpet and paint, a newer furnace (approx. 10 years), and a newer roof. All appliances, including the washer and dryer, are included. Additional perks include an assigned carport parking space with additional parking available. The HOA covers gas, water, exterior maintenance, and snow removal, adding to the ease of living here. Residents enjoy access to a community pool and clubhouse, ideal for social gatherings and summer relaxation. Immediate occupancy makes this condo move-in ready. Located just minutes from I-94 and I-275, with easy access to shopping, restaurants and much more. This affordable and low-maintenance condo is a fantastic opportunity - schedule your showing today!

ⓘ 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: $1,019 · $85/mo
• Projected year-2 tax: $1,510 · $126/mo
• Expected delta: +$492/yr (+$41/mo · 48.3%)

ⓘ 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 3/10 Moderate
• 🌡 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: $16,148
• − Mortgage interest: −$7,282
• − Property taxes: −$1,019
• − Insurance: −$650
• − Repairs & maintenance: −$1,292
• − Management: −$1,292
• − HOA: −$2,520
• − Depreciation: −$3,782
• Taxable loss: −$1,688
• Est. tax savings @ 24.0%: +$405
• After-tax cash flow: $792/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: Van Buren Public Schools
• NCES district ID: 2634560
• Math proficiency: 33% ▲ 6.00%
• Reading proficiency: 43% ▲ 6.00%
• Median HH income: $54,166
• Composite: 33.2/100
• National rank: #5533
• State rank: #228 of 540 in MI

Livability — Van Buren

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

Census & demographics

• County: Wayne County · 1,562,939 people
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 44,709
• Household income: $76,595
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 1200.0

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 (66%)
• Race & ethnicity: White 66% Black 22% Two or more races 7% Hispanic / Latino 4% Asian 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 3%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 1% Other Indo-European 1% Arabic 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: ▼ -238.11%
• Current HPI: 236.4458
• Rent YoY: ▲ 3.64%
• 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

+0.0% since first listed

6 events — show timeline

• 2026-05-30 Pending — REALCOMP
• 2026-05-21 Pending — MiRealSource-MiMLS
• 2026-05-21 Pending — REALCOMP
• 2026-05-19 Listing Removed — REALCOMP
• 2026-05-13 Listed $130,000 MiRealSource-MiMLS
• 2026-05-13 Listed $130,000 REALCOMP

Property tax history

+5.3%/yr

Latest (2025): $1,019 · +55.4% YoY. Source: county tax records.