19304 Connecticut St · Roseville, MI 48066

$145,000

2 bd · 1.5 ba · 688 sqft · SingleFamily public records · 10 Days on market

Built 1950 4,356 sqft lot Est $114k · 27% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.6/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 19304 Connecticut and move-in-ready ranch in the heart of Roseville! This charming home offers 2 spacious bedrooms, 2 full bathrooms, and a finished basement that provides additional living and entertaining space. Recent updates include a newer furnace (approximately 2-3 years old) and central air conditioning installed in 2021, giving buyers added peace of mind. The finished basement features a full bathroom and plenty of room for a family room, home office, gym, or recreation area. Outside, you'll find a detached 2-car garage and a manageable yard perfect for relaxing or entertaining. Conveniently located near shopping, dining, parks, and major freeways, this home is a fantastic opportunity for first-time buyers, downsizers, or anyone looking for a well-cared-for property. Schedule your showing today! Seller is selling the property as-is.

Key facts

• 4,356 sq ft lot
• 2 garage spots
• Built 1950

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Ground-level entry with steps; Vinyl siding
• Construction: Built with vinyl siding; Brick/mortar foundation
• Exterior features: Paved road access; Lot approximately 0.1 acre (40 x 104); No pool

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Finished basement; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $145k).
• Cap rate 18.7% 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; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 1,321 units permitted in Macomb County in 2024 (86 in 5+ unit buildings).
• At $3,094/mo this rent would consume 60% of the median local household income ($62k/yr) (locally 1712% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• 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 + 0.4% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 22y 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 $23k; list at $145k implies a 528% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,000

Questions for the listing agent

1. Built in 1950 — 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: 2.13% ✓
• Cap rate: 18.72%
• Cash-on-cash: 44.37%
• DSCR: 2.97
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $114,208
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19590 Georgia St	0.25mi	2/1.0	700 (+2%)	12mo	$145,000	$207	73
20069 E 12 Mile Rd	0.46mi	2/1.0	688 (0%)	16mo	$155,000	$225	63
19530 Waldron St	0.33mi	2/1.0	725 (+5%)	16mo	$120,000	$166	60
17964 Delaware St	0.61mi	2/1.0	700 (+2%)	12mo	$112,500	$161	57
27734 Lasslett Street St	0.73mi	2/1.0	700 (+2%)	6mo	$116,000	$166	56
19136 Florian St	0.59mi	2/1.0	748 (+9%)	1mo	$139,000	$186	55
28790 Melvin St	0.56mi	2/1.0	707 (+3%)	17mo	$103,000	$146	54
27851 O'neil St	0.66mi	2/1.0	720 (+5%)	8mo	$119,900	$167	53
27825 Van Howe St	0.69mi	2/1.0	700 (+2%)	14mo	$46,500	$66	52
27871 Oneil St	0.64mi	2/1.0	720 (+5%)	17mo	$115,000	$160	46
27750 Van Howe St	0.72mi	3/1.0 (+1)	786 (+14%)	22mo	$107,500	$137	17

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 · 0.39% rent growth · sell at horizon

5-year hold

• IRR: 38.4%
• Equity multiple: 2.58×
• Total profit: $64,208
• Equity at exit: $21,620

10-year hold

• IRR: 43.6%
• Equity multiple: 4.65×
• Total profit: $148,230
• Equity at exit: $12,537

Cash invested: $40,600 (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: 3.9×

Monthly cashflow live

• Estimated rent: $3,094 high
• Mortgage (P&I): −$760
• Tax from tax record: −$122 /mo · $1,467/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$650
• Net cashflow: $1,501

Break-even live

Break-even rent $1,194

Max offer price $145,000

Occupancy floor 46%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20411 Twelve Mile Rd Unit 7 Roseville, MI	1.0	1.0	600	$975	$1.62	18d	1	0.60mi
18451 Sharon Ln Unit 1032334P Roseville, MI	1.0	1.0	742	$3,932	$5.30	14d	1	0.77mi
18459 Sharon Ln Unit 1032344P Roseville, MI	1.0	1.0	742	$3,035	$4.09	12d	1	0.77mi
18447 Sharon Ln Unit 1032337P Roseville, MI	1.0	1.0	742	$3,468	$4.67	16d	1	0.78mi
18443 Sharon Ln Unit 1032345P Roseville, MI	1.0	1.0	742	$3,286	$4.43	1d	1	0.78mi
18431 Sharon Ln Unit 1032346P Roseville, MI	1.0	1.0	742	$3,695	$4.98	14d	1	0.78mi
18423 Sharon Ln Unit 1032353P Roseville, MI	1.0	1.0	742	$3,458	$4.66	14d	1	0.78mi
18423 Sharon Ln Unit 1032349P Roseville, MI	1.0	1.0	742	$3,210	$4.33	1d	1	0.79mi
18389 Sharon Ln Unit 1032350P Roseville, MI	1.0	1.0	742	$3,470	$4.68	16d	1	0.80mi
18377 Sharon Ln Unit 1032361P Roseville, MI	1.0	1.0	742	$4,242	$5.72	43d	1	0.81mi
18377 Sharon Ln Unit 1032363P Roseville, MI	1.0	1.0	742	$4,015	$5.41	14d	1	0.81mi
18355 Mesle St Unit 1032347P Roseville, MI	1.0	1.0	742	$3,878	$5.23	12d	1	0.83mi
27850 Gratiot Ave Unit 1032354P Roseville, MI	1.0	1.0	742	$3,590	$4.84	1d	1	0.85mi
18340 Mesle St Unit 1032351P Roseville, MI	1.0	1.0	742	$3,167	$4.27	10d	1	0.86mi
18308 Mesle St Unit 1032362P Roseville, MI	1.0	1.0	742	$3,072	$4.14	5d	1	0.87mi
28368 Rosemont St Roseville, MI	2.0	1.0	696	$1,500	$2.16	21d	1	1.13mi
17134 E Thirteen Mile Rd Roseville, MI	1.0–2.0	1.0	825	$1,269	$1.54	1d	16	1.32mi
19700 Masonic Roseville, MI	1.0–2.0	1.0	874	$1,400	$1.60	1d	12	1.43mi

Listing history 7 events

1. 2026-06-15
   status $145,000 Pending 10 DOM
2. 2026-06-15
   days on market $145,000 Active 10 DOM
3. 2026-06-13
   days on market $145,000 Active 8 DOM
4. 2026-06-09
   days on market $145,000 Active 4 DOM
5. 2026-06-08
   days on market $145,000 Active 3 DOM
6. 2026-06-07
   remarks 693-char remark
7. 2026-06-07
   listed $145,000 Active 2 DOM

ⓘ 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: $1,467 · $122/mo
• Projected year-2 tax: $1,850 · $154/mo
• Expected delta: +$383/yr (+$32/mo · 26.1%)

ⓘ 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 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,128
• − Mortgage interest: −$8,122
• − Property taxes: −$1,467
• − Insurance: −$725
• − Repairs & maintenance: −$2,970
• − Management: −$2,970
• − Depreciation: −$4,218
• Taxable income: $16,655
• Est. tax owed @ 24.0%: −$3,997
• After-tax cash flow: $14,017/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

+249.4% since first listed

16 events — show timeline

• 2026-06-06 Listed $145,000 REALCOMP
• 2026-06-06 Listed $145,000 MiRealSource-MiMLS
• 2026-06-05 Coming Soon $145,000 MiRealSource-MiMLS
• 2010-10-07 Sold (MLS) $23,100 REALCOMP
• 2010-10-07 Sold (MLS) $23,100 MiRealSource-MiMLS
• 2010-09-22 Listing Removed — MiRealSource-MiMLS
• 2010-09-16 Listed $23,100 REALCOMP
• 2010-09-16 Listed $23,100 MiRealSource-MiMLS
• 2009-10-29 Listing Removed — MiRealSource-MiMLS
• 2009-05-27 Listed $104,000 MiRealSource-MiMLS
• 2004-07-08 Sold (Public Records) $109,875 Public Records
• 2004-05-24 Sold (MLS) $109,875 MiRealSource-MiMLS
• 2004-05-07 Listing Removed — MiRealSource-MiMLS
• 2004-03-26 Listed $114,875 MiRealSource-MiMLS
• 1992-07-30 Sold (Public Records) $52,000 Public Records
• 1987-03-17 Sold (Public Records) $41,500 Public Records

Property tax history

+3.9%/yr

Latest (2025): $1,467 · +4.3% YoY. Source: county tax records.