29177 Rosewood St · Inkster, MI 48141

$110,000

3 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 50 Days on market

Built 1959 5,227 sqft lot Est $127k · 13% under

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Why this score? — see what drove the B 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 +29.2/30.0
• ARV discount +13.4/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully updated 3-bedroom, 1-bath home offering 1,014 sq ft of living space in Inkster. This property features a refreshed interior, spacious living room, and a dedicated laundry room for added convenience. Ideal for first-time homebuyers or investors, this home offers low-maintenance living with no basement or garage. Recent updates make it move-in ready or a strong addition to a rental portfolio. Conveniently located near major roads, shopping, and local amenities.

Key facts

• 5,227 sq ft lot
• Built 1959
• Listed 50 days

Property features AI

Exterior

• Utilities: Natural gas connected; Natural gas water heater
• Home design: Ranch-style single family home; One story; Public water
• Construction: Built in 1959; Aluminum siding and brick exterior; Asphalt roof
• Exterior features: Paved road access; Sidewalk

Interior

• Kitchen: Kitchen (10 x 10)
• Bedrooms: Primary bedroom (12 x 11); Bedroom 2 (11 x 10); Bedroom 3 (11 x 10)
• Bathrooms: 1 full bathroom; Primary bathroom (10 x 6)
• Heating & cooling: Forced air heating
• Interior features: Seven total rooms; Slab foundation (no basement)
• Laundry & utility: Laundry room (9 x 8); Utility room (3 x 7)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $382 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#406 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D, schools F, crime F.
• Westwood Community School District (suburban): math 6% / reading 11% proficiency, ranked #529 of 540 in MI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.0%/yr); 142 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,483/mo this rent would consume 45% of the median local household income ($39k/yr) (locally 1558% 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 $761 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 29y 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 $8k; list at $110k implies a 1275% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.35% ✓
• Cap rate: 10.46%
• Cash-on-cash: 14.88%
• DSCR: 1.66
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $126,750
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29520 Glenwood St	0.27mi	3/1.0	1,000 (-1%)	3mo	$125,000	$125	83
1936 Meadow Ln	0.23mi	3/1.0	974 (-4%)	1mo	$135,000	$139	82
29497 Oakwood St	0.29mi	2/1.0 (-1)	1,025 (+1%)	1mo	$110,000	$107	78
29537 Hazelwood St	0.20mi	3/1.0	1,100 (+8%)	0mo	$80,000	$73	76
28521 Oakwood St	0.46mi	3/1.0	1,025 (+1%)	0mo	$145,000	$141	76
28930 Birchwood St	0.51mi	3/1.0	1,008 (-1%)	0mo	$150,000	$149	75
29982 Hazelwood St	0.38mi	3/1.0	1,053 (+4%)	1mo	$135,000	$128	74
29707 Birchwood St	0.52mi	3/1.0	1,000 (-1%)	1mo	$96,000	$96	72
29631 Steinhauer St	0.55mi	3/1.0	1,008 (-1%)	2mo	$75,000	$74	72
29522 Grandview St	0.45mi	3/1.0	972 (-4%)	1mo	$130,000	$134	72
2317 Spring Hill Ave	0.54mi	3/1.0	924 (-9%)	3mo	$47,610	$52	58
28005 Avondale St	0.72mi	3/1.0	962 (-5%)	2mo	$107,500	$112	56

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 · 2.95% rent growth · sell at horizon

5-year hold

• IRR: 5.4%
• Equity multiple: 1.21×
• Total profit: $6,461
• Equity at exit: $16,401

10-year hold

• IRR: 14.8%
• Equity multiple: 2.19×
• Total profit: $36,801
• Equity at exit: $9,511

Cash invested: $30,800 (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 48141

• Home prices YoY: -2.9%
• Rents YoY: 3.0%
• Active inventory: 142
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,483 high
• Mortgage (P&I): −$577
• Tax from tax record: −$167 /mo · $2,003/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $382

Break-even live

Break-even rent $999

Max offer price $110,000

Occupancy floor 69%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29203 Oakwood St Inkster, MI	3.0	1.5	912	$1,600	$1.75	1d	1	0.27mi
29800 Oakwood St Inkster, MI	3.0	1.0	1040	$1,400	$1.35	12d	1	0.38mi
30010 Hazelwood St Inkster, MI	3.0	1.0	1044	$1,300	$1.25	43d	1	0.40mi
29971 Brooklane St Inkster, MI	3.0	1.0	974	$1,450	$1.49	43d	1	0.44mi
1150 Magnolia Dr Inkster, MI	3.0	1.0	900	$1,300	$1.44	24d	1	0.56mi
30043 Grandview St Unit 1 Inkster, MI	3.0	1.5	1004	$1,275	$1.27	43d	1	0.57mi
30520 Hiveley St Westland, MI	3.0	1.0	1105	$1,700	$1.54	21d	1	0.87mi
3236 Walnut St Inkster, MI	3.0	1.0	1096	$1,495	$1.36	3d	1	1.00mi
130 E Tami Cir Westland, MI	1.0–2.0	1.0–1.5	800	$1,209	$1.51	43d	3	1.00mi
27184 Lucerne Dr Inkster, MI	3.0	1.0	1100	$1,250	$1.14	43d	1	1.07mi
31820 Bay Ct Westland, MI	2.0	1.0	834	$1,125	$1.35	16d	1	1.09mi
536 N Leona Ave Garden City, MI	3.0	1.0	1000	$1,440	$1.44	12d	1	1.12mi
31217 Cherry Hill Rd Westland, MI	3.0	1.0	1100	$1,800	$1.64	4d	1	1.24mi
641 Gilman St Garden City, MI	3.0	1.0	1300	$2,600	$2.00	16d	1	1.27mi
4080 Isabelle St Inkster, MI	4.0	1.0	975	$1,150	$1.18	14d	1	1.44mi
238 Yorkshire Blvd Dearborn Heights, MI	1.0–2.0	1.0	741	$1,424	$1.92	1d	9	1.44mi

Listing history 37 events

1. 2026-06-18
   days on market $110,000 Active 50 DOM
2. 2026-06-17
   days on market $110,000 Active 49 DOM
3. 2026-06-16
   days on market $110,000 Active 48 DOM
4. 2026-06-15
   days on market $110,000 Active 47 DOM
5. 2026-06-13
   days on market $110,000 Active 45 DOM
6. 2026-06-13
   days on market $110,000 Active 44 DOM
7. 2026-06-09
   days on market $110,000 Active 41 DOM
8. 2026-06-08
   days on market $110,000 Active 40 DOM
9. 2026-06-07
   days on market $110,000 Active 39 DOM
10. 2026-06-04
    days on market $110,000 Active 36 DOM
11. 2026-06-03
    days on market $110,000 Active 35 DOM
12. 2026-06-02
    days on market $110,000 Active 34 DOM
13. 2026-06-01
    days on market $110,000 Active 33 DOM
14. 2026-05-31
    days on market $110,000 Active 32 DOM
15. 2026-04-29
    listed $110,000 Active 469-char remark

    Show marketing remark (469 chars)

    Fully updated 3-bedroom, 1-bath home offering 1,014 sq ft of living space in Inkster. This property features a refreshed interior, spacious living room, and a dedicated laundry room for added convenience. Ideal for first-time homebuyers or investors, this home offers low-maintenance living with no basement or garage. Recent updates make it move-in ready or a strong addition to a rental portfolio. Conveniently located near major roads, shopping, and local amenities.

16. 2026-04-29
    listed $110,000 Active 469-char remark

    Show marketing remark (469 chars)

    Fully updated 3-bedroom, 1-bath home offering 1,014 sq ft of living space in Inkster. This property features a refreshed interior, spacious living room, and a dedicated laundry room for added convenience. Ideal for first-time homebuyers or investors, this home offers low-maintenance living with no basement or garage. Recent updates make it move-in ready or a strong addition to a rental portfolio. Conveniently located near major roads, shopping, and local amenities.

17. 2026-04-29
    listed $110,000 Active

    Show marketing remark (469 chars)

    Fully updated 3-bedroom, 1-bath home offering 1,014 sq ft of living space in Inkster. This property features a refreshed interior, spacious living room, and a dedicated laundry room for added convenience. Ideal for first-time homebuyers or investors, this home offers low-maintenance living with no basement or garage. Recent updates make it move-in ready or a strong addition to a rental portfolio. Conveniently located near major roads, shopping, and local amenities.

18. 2017-09-20
    historical
19. 2017-09-15
    historical
20. 2017-07-29
    status Active
21. 2017-07-29
    status Active
22. 2017-07-13
    historical
23. 2017-07-13
    listed $25,000 Active
24. 2017-07-13
    listed $25,000 Active
25. 2017-07-13
    historical
26. 2017-06-30
    status Pending
27. 2017-06-30
    status Pending
28. 2017-06-16
    listed $29,000 Active
29. 2017-06-08
    listed $29,000 Active
30. 2009-09-09
    soldstatus $8,000
31. 2009-08-07
    listed $4,900
32. 2005-07-27
    soldstatus $87,000
33. 2004-06-25
    soldstatus $24,500
34. 2004-03-26
    listed $34,900
35. 1997-07-16
    historical
36. 1997-04-16
    listed $36,500
37. 1994-07-20
    soldstatus $19,900

ⓘ 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: $2,003 · $167/mo
• Projected year-2 tax: $2,003 · $167/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 1/10 Low
• 🌡 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: $17,794
• − Mortgage interest: −$6,162
• − Property taxes: −$2,003
• − Insurance: −$550
• − Repairs & maintenance: −$1,423
• − Management: −$1,423
• − Depreciation: −$3,200
• Taxable income: $3,032
• Est. tax owed @ 24.0%: −$728
• After-tax cash flow: $3,854/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: Westwood Community School District
• NCES district ID: 2611640
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 11% ▼ -6.00%
• Median HH income: $36,350
• Composite: 7.06/100
• National rank: #9967
• State rank: #529 of 540 in MI

Livability — Inkster

• Score: 67/100
• State rank: #406
• US rank: #11087

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Inkster, MI
• County: Wayne County · 1,562,939 people
• City population: 25,428
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 25,428
• Household income: $39,252
• Rent vs Own: 53.2% rent · 46.8% own
• Severe rent burden: 1558.0

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 Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Arabic 3% Other Asian/Pacific 1% Spanish 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: ▼ -11.74%
• Current HPI: 390.2139
• Rent YoY: ▲ 2.95%
• 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

+452.8% since first listed

23 events — show timeline

• 2026-04-29 Listed $110,000 REALCOMP
• 2026-04-29 Listed $110,000 SW Michigan MLS
• 2026-04-29 Listed $110,000 MiRealSource-MiMLS
• 2017-09-20 Listing Removed — MiRealSource-MiMLS
• 2017-09-15 Listing Removed — REALCOMP
• 2017-07-29 Relisted — MiRealSource-MiMLS
• 2017-07-29 Relisted — REALCOMP
• 2017-07-13 Listing Removed — REALCOMP
• 2017-07-13 Listed $25,000 MiRealSource-MiMLS
• 2017-07-13 Listed $25,000 REALCOMP
• 2017-07-13 Listing Removed — MiRealSource-MiMLS
• 2017-06-30 Pending — MiRealSource-MiMLS
• 2017-06-30 Pending — REALCOMP
• 2017-06-16 Listed $29,000 MiRealSource-MiMLS
• 2017-06-08 Listed $29,000 REALCOMP
• 2009-09-09 Sold (MLS) $8,000 REALCOMP
• 2009-08-07 Listed $4,900 REALCOMP
• 2005-07-27 Sold (Public Records) $87,000 Public Records
• 2004-06-25 Sold (MLS) $24,500 REALCOMP
• 2004-03-26 Listed $34,900 REALCOMP
• 1997-07-16 Listing Removed — REALCOMP
• 1997-04-16 Listed $36,500 REALCOMP
• 1994-07-20 Sold (Public Records) $19,900 Public Records

Property tax history

-2.8%/yr

Latest (2025): $2,003 · -37.5% YoY. Source: county tax records.