34918 Winslow St · Wayne, MI 48184

$140,000

3 bd · 1.5 ba · 1,058 sqft · SingleFamily public records · 3 Days on market

Built 1962 5,663 sqft lot $132/sqft · at area comps Est $145k · at est.

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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 +15.9/30.0
• ARV discount +9.2/15.0
• DSCR +4.9/10.0
• 1% rule +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors, rehabbers and diyers! This 2-story home offers a great value-add opportunity with solid structure and strong bones upside potential. Featuring a spacious layout, large backyard, Great Bones and existing functional systems, this property is ready for cosmetic updates and improvements to maximize returns. Interior includes generous room sizes, built-in storage, and a layout ideal for renovation. Exterior offers a sizable lot with room for added value through landscaping or additional upgrades. Perfect for a flip, rental, or BRRRR strategy. Conveniently located near schools, shopping, and major routes. Conveniently located near schools, parks, and everyday amenities. Bring your ideas and unlock the full potential of this home! Sold as Is, BATVI.

Key facts

• Large backyard
• Strong bones
• Solid structure

Tags

• SOLID STRUCTURE
• STRONG BONES
• LARGE BACKYARD
• BUILT-IN STORAGE
• SIZABLE LOT

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Water available; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps
• Construction: Aluminum siding and brick exterior
• Exterior features: Paved road access; Lot approximately 0.13 acres (54 x 106); Subdivision: Harroun Park Currier Investment Co Sub

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $66 ($793/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 $131k (6.8% below list).
• Recommended offer: $131k (6.8% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 5.7% in Wayne — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 72/100 on livability (#252 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment D-, health & safety F.
• Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Rooseveltmcgrath Elem School (math 2% / reading 17%, grade F, #1,277 of 1,397 statewide, top 93%, 423 students, 77% FRL); Wayne Memorial High School (math 12% / reading 37%, grade F, #481 of 713 statewide, top 81%, 1,361 students, 63% FRL).
• Market conditions: 59 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $968 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 3 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 $130,550 (6.8% below list)

Questions for the listing agent

1. Built in 1962 — 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. 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 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: 0.93% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.02%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (median comp): $145,346
• List price: $140,000
• Delta: -3.68%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34918 Winslow St	0.00mi	3/1.0	1,058 (0%)	1mo	$147,000	$139	97
34441 Phyllis St	0.46mi	3/1.0	1,040 (-2%)	2mo	$190,000	$183	72
34948 Richard St	0.11mi	3/1.0	920 (-13%)	1mo	$160,000	$174	71
33988 Richard St	0.42mi	3/1.0	1,022 (-3%)	4mo	$180,000	$176	69
34084 Currier St	0.44mi	3/1.0	1,014 (-4%)	4mo	$170,700	$168	68
4453 Newberry St	0.24mi	3/1.5	1,194 (+13%)	3mo	$210,000	$176	65
4004 Howe Rd	0.57mi	3/2.0	1,104 (+4%)	2mo	$152,000	$138	63
4052 Howe Rd	0.56mi	3/2.0	1,104 (+4%)	3mo	$155,000	$140	62
4521 Columbus St	0.43mi	3/1.0	980 (-7%)	6mo	$145,000	$148	61
35720 Brush St	0.63mi	3/1.0	1,112 (+5%)	6mo	$105,000	$94	56
5087 Hunt St	0.72mi	3/1.0	950 (-10%)	2mo	$175,000	$184	46
4173 Columbus St	0.48mi	2/1.0 (-1)	918 (-13%)	3mo	$110,000	$120	46

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.53×
• Total profit: $-18,456
• Equity at exit: $20,874

10-year hold

• IRR: -4.1%
• Equity multiple: 0.73×
• Total profit: $-10,574
• Equity at exit: $12,105

Cash invested: $39,200 (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 48184

• Active inventory: 59
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,306 high
• Mortgage (P&I): −$734
• Tax from tax record: −$173 /mo · $2,073/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $66

Break-even live

Break-even rent $1,222

Max offer price $140,000

Occupancy floor 90%

Sensitivity live

Price	-10% $145	-5% $106	+0% $66	+5% $26	+10% $-13
Rent	-10% $-37	-5% $15	+0% $66	+5% $118	+10% $169
Rate	-1.0pp $137	-0.5pp $102	base $66	+0.5pp $30	+1.0pp $-7

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4332 Biddle St Wayne, MI	3.0	2.0	1176	$1,525	$1.30	45d	1	0.25mi
34510 Van Born Rd Wayne, MI	2.0	1.0	990	$1,325	$1.34	16d	1	0.44mi
34639 Brush St Wayne, MI	2.0	1.0	780	$1,200	$1.54	45d	1	0.45mi
35390 Van Born Rd #103 Wayne, MI	2.0	1.0	925	$1,100	$1.19	45d	1	0.45mi
4924 Howe Rd Wayne, MI	3.0	1.0	1022	$1,300	$1.27	19d	1	0.47mi
3741 S Wayne Rd Wayne, MI	2.0	1.5	1114	$1,500	$1.35	0d	1	0.54mi
35505 E Michigan Ave Unit 1 Wayne, MI	2.0	1.0	780	$775	$0.99	45d	1	0.57mi
5228 Fletcher St Wayne, MI	3.0	1.0	900	$1,750	$1.94	0d	1	0.57mi
5672 Howe Rd Unit 15 Wayne, MI	2.0	1.0	700	$850	$1.21	19d	1	0.59mi
35700 E Michigan Ave Wayne, MI	2.0	1.0	701	$1,060	$1.51	7d	6	0.69mi
34420 Sims St Unit 11 Wayne, MI	2.0	1.0	800	$849	$1.06	7d	1	0.71mi
34420 Sims St Unit 14 Wayne, MI	2.0	1.0	800	$900	$1.12	45d	1	0.71mi
33095 Forest St Wayne, MI	1.0–2.0	1.0	815	$1,142	$1.40	4d	5	0.92mi
34630 Glenwood Rd Westland, MI	2.0	1.0	710	$1,150	$1.62	45d	1	1.11mi
35759 Glenwood Rd Unit 35759 Wayne, MI	2.0	1.0	1360	$1,300	$0.96	45d	1	1.16mi
34039 Cambria Ct Westland, MI	2.0	1.0	836	$1,395	$1.67	45d	1	1.27mi
33000 Parkhill St Wayne, MI	1.0–2.0	1.0–1.5	800	$1,240	$1.55	26d	1	1.33mi
2310 Deerfield Ct Westland, MI	3.0	1.5	1100	$1,125	$1.02	45d	1	1.36mi
2264 Delton Ct Westland, MI	3.0	1.5	1076	$1,300	$1.21	16d	1	1.39mi
33507 Berville Ct Westland, MI	2.0	1.5	907	$1,350	$1.49	4d	1	1.44mi
2040 Dryden St Westland, MI	3.0	1.0	1100	$1,150	$1.05	19d	1	1.46mi

Listing history 4 events

1. 2026-05-08
   status Pending 773-char remark

   Show marketing remark (773 chars)

   Attention investors, rehabbers and diyers! This 2-story home offers a great value-add opportunity with solid structure and strong bones upside potential. Featuring a spacious layout, large backyard, Great Bones and existing functional systems, this property is ready for cosmetic updates and improvements to maximize returns. Interior includes generous room sizes, built-in storage, and a layout ideal for renovation. Exterior offers a sizable lot with room for added value through landscaping or additional upgrades. Perfect for a flip, rental, or BRRRR strategy. Conveniently located near schools, shopping, and major routes. Conveniently located near schools, parks, and everyday amenities. Bring your ideas and unlock the full potential of this home! Sold as Is, BATVI.

2. 2026-05-08
   status Pending 773-char remark

   Show marketing remark (773 chars)

   Attention investors, rehabbers and diyers! This 2-story home offers a great value-add opportunity with solid structure and strong bones upside potential. Featuring a spacious layout, large backyard, Great Bones and existing functional systems, this property is ready for cosmetic updates and improvements to maximize returns. Interior includes generous room sizes, built-in storage, and a layout ideal for renovation. Exterior offers a sizable lot with room for added value through landscaping or additional upgrades. Perfect for a flip, rental, or BRRRR strategy. Conveniently located near schools, shopping, and major routes. Conveniently located near schools, parks, and everyday amenities. Bring your ideas and unlock the full potential of this home! Sold as Is, BATVI.

3. 2026-05-03
   listed $140,000 Active 773-char remark

   Show marketing remark (773 chars)

   Attention investors, rehabbers and diyers! This 2-story home offers a great value-add opportunity with solid structure and strong bones upside potential. Featuring a spacious layout, large backyard, Great Bones and existing functional systems, this property is ready for cosmetic updates and improvements to maximize returns. Interior includes generous room sizes, built-in storage, and a layout ideal for renovation. Exterior offers a sizable lot with room for added value through landscaping or additional upgrades. Perfect for a flip, rental, or BRRRR strategy. Conveniently located near schools, shopping, and major routes. Conveniently located near schools, parks, and everyday amenities. Bring your ideas and unlock the full potential of this home! Sold as Is, BATVI.

4. 2026-05-03
   listed $140,000 Active 773-char remark

   Show marketing remark (773 chars)

   Attention investors, rehabbers and diyers! This 2-story home offers a great value-add opportunity with solid structure and strong bones upside potential. Featuring a spacious layout, large backyard, Great Bones and existing functional systems, this property is ready for cosmetic updates and improvements to maximize returns. Interior includes generous room sizes, built-in storage, and a layout ideal for renovation. Exterior offers a sizable lot with room for added value through landscaping or additional upgrades. Perfect for a flip, rental, or BRRRR strategy. Conveniently located near schools, shopping, and major routes. Conveniently located near schools, parks, and everyday amenities. Bring your ideas and unlock the full potential of this home! Sold as Is, BATVI.

ⓘ 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: $2,073 · $173/mo
• Projected year-2 tax: $2,114 · $176/mo
• Expected delta: +$42/yr (+$3/mo · 2.0%)

ⓘ 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 3/10 Moderate
• 🌡 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: $15,666
• − Mortgage interest: −$7,842
• − Property taxes: −$2,073
• − Insurance: −$700
• − Repairs & maintenance: −$1,253
• − Management: −$1,253
• − Depreciation: −$4,073
• Taxable loss: −$1,528
• Est. tax savings @ 24.0%: +$367
• After-tax cash flow: $1,160/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: Wayne-Westland Community School District
• NCES district ID: 2600015
• Math proficiency: 11% ▼ -6.00%
• Reading proficiency: 27% ▼ -2.00%
• Median HH income: $43,524
• Composite: 16.4/100
• National rank: #9195
• State rank: #474 of 540 in MI

Livability — Wayne

• Score: 72/100
• State rank: #252
• US rank: #6284

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wayne, MI
• County: Wayne County · 1,562,939 people
• City population: 17,348
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 17,348
• Household income: $59,171
• Rent vs Own: 39.2% rent · 60.8% own
• Severe rent burden: 720.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 61% Black 25% Two or more races 7% Hispanic / Latino 5% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Romanian 7% Lithuanian 3% Italian 2%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -171.12%
• Current HPI: 217.8548
• Rent YoY: —
• 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

+5.0% since first listed

6 events — show timeline

• 2026-05-28 Sold (MLS) $147,000 MiRealSource-MiMLS
• 2026-05-28 Sold (MLS) $147,000 REALCOMP
• 2026-05-08 Pending — MiRealSource-MiMLS
• 2026-05-08 Pending — REALCOMP
• 2026-05-03 Listed $140,000 MiRealSource-MiMLS
• 2026-05-03 Listed $140,000 REALCOMP

Property tax history

+2.5%/yr

Latest (2025): $2,073 · +2.6% YoY. Source: county tax records.