30030 Glenwood St · Inkster, MI 48141

$140,000

3 bd · 1.0 ba · 937 sqft · SingleFamily public records · 135 Days on market

Built 1955 5,227 sqft lot Est $126k · 12% over

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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 +23.2/30.0
• DSCR +7.5/10.0
• 1% rule +5.3/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +2.3/15.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

You have to check out this beautifully remodeled home in inkster, bordering westland. This home features new flooring, updated bathroom, fresh paint and so much more. Turn key ready, just move in! Comes with a huge, clean basement that can be be finished for extra living space or storage. Large fenced backyard and new landscaping out front. Whether you're looking for a great rental investment opportunity or looking for a wonderful home to live in, this home is priced to sell! Make sure to schedule your showing today! Note: Buyer financing fell apart and it is now back on market. Many changes have been done. The entire front porch has been replaced and so has the red brick in the back of the home. As well as many more updates done from the inspection report.

Key facts

• New landscaping
• Huge clean basement
• New flooring

Tags

• REMODELED HOME
• NEW FLOORING
• UPDATED BATHROOM
• HUGE CLEAN BASEMENT
• LARGE FENCED BACKYARD
• NEW LANDSCAPING

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Sewer available
• Home design: Single-family residence; One story; Ground-level entry with steps
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Paved road access; Lot approximately 40 x 134 (0.12 acres)

Interior

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

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $123k (12.0% 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.
• 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.
• Market conditions: Rents rising (+3.0%/yr); 142 active listings in the ZIP; 15 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).
• This rent runs 44% of the median local income ($39k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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

• It's been on market 135 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 20 sale attempts since 30y 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 $90k; list at $140k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.03% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.79%
• DSCR: 1.35
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $125,558
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29522 Grandview St	0.29mi	3/1.0	972 (+4%)	1mo	$130,000	$134	79
29707 Birchwood St	0.26mi	3/1.0	1,000 (+7%)	1mo	$96,000	$96	76
29982 Hazelwood St	0.07mi	3/1.0	1,053 (+12%)	1mo	$135,000	$128	75
29631 Steinhauer St	0.33mi	3/1.0	1,008 (+8%)	2mo	$75,000	$74	70
1936 Meadow Ln	0.53mi	3/1.0	974 (+4%)	1mo	$135,000	$139	68
29497 Oakwood St	0.25mi	2/1.0 (-1)	1,025 (+9%)	1mo	$110,000	$107	67
1728 Westchester St	0.53mi	3/1.5	998 (+6%)	3mo	$225,000	$225	60
28930 Birchwood St	0.60mi	3/1.0	1,008 (+8%)	0mo	$150,000	$149	59
28999 Beechnut St	0.72mi	3/1.0	1,008 (+8%)	0mo	$180,000	$179	54
28993 Glenwood Street St	0.52mi	3/1.0	816 (-13%)	3mo	$63,438	$78	52
28999 Beechnut St	0.72mi	3/1.0	1,008 (+8%)	3mo	$86,500	$86	51
28521 Oakwood St	0.75mi	3/1.0	1,025 (+9%)	0mo	$145,000	$141	49

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: -4.5%
• Equity multiple: 0.83×
• Total profit: $-6,580
• Equity at exit: $20,874

10-year hold

• IRR: 5.1%
• Equity multiple: 1.38×
• Total profit: $14,720
• 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 48141

• Home prices YoY: -2.9%
• Rents YoY: 3.0%
• Active inventory: 142
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,438 high
• Mortgage (P&I): −$734
• Tax from tax record: −$89 /mo · $1,064/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $255

Break-even live

Break-even rent $1,115

Max offer price $140,000

Occupancy floor 77%

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 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30010 Hazelwood St Inkster, MI	3.0	1.0	1044	$1,300	$1.25	44d	1	0.04mi
29800 Oakwood St Inkster, MI	3.0	1.0	1040	$1,400	$1.35	13d	1	0.14mi
30043 Grandview St Unit 1 Inkster, MI	3.0	1.5	1004	$1,275	$1.27	44d	1	0.19mi
29203 Oakwood St Inkster, MI	3.0	1.5	912	$1,600	$1.75	2d	1	0.37mi
29971 Brooklane St Inkster, MI	3.0	1.0	974	$1,450	$1.49	44d	1	0.46mi
30520 Hiveley St Westland, MI	3.0	1.0	1105	$1,700	$1.54	22d	1	0.48mi
130 E Tami Cir Westland, MI	1.0–2.0	1.0–1.5	800	$1,209	$1.51	44d	3	0.63mi
31217 Cherry Hill Rd Westland, MI	3.0	1.0	1100	$1,800	$1.64	4d	1	0.84mi
31820 Bay Ct Westland, MI	2.0	1.0	834	$1,125	$1.35	17d	1	0.85mi
536 N Leona Ave Garden City, MI	3.0	1.0	1000	$1,440	$1.44	13d	1	0.86mi
1150 Magnolia Dr Inkster, MI	3.0	1.0	900	$1,300	$1.44	24d	1	0.86mi
32448 Birchwood St Westland, MI	3.0	1.0	963	$1,675	$1.74	17d	1	1.26mi
110 Waterbury Ct Westland, MI	2.0	1.0–2.0	581	$1,350	$2.32	2d	7	1.35mi
3236 Walnut St Inkster, MI	3.0	1.0	1096	$1,495	$1.36	3d	1	1.38mi
27184 Lucerne Dr Inkster, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	1.40mi

Listing history 48 events

1. 2026-04-30
   status Pending 767-char remark

   Show marketing remark (767 chars)

   You have to check out this beautifully remodeled home in inkster, bordering westland. This home features new flooring, updated bathroom, fresh paint and so much more. Turn key ready, just move in! Comes with a huge, clean basement that can be be finished for extra living space or storage. Large fenced backyard and new landscaping out front. Whether you're looking for a great rental investment opportunity or looking for a wonderful home to live in, this home is priced to sell! Make sure to schedule your showing today! Note: Buyer financing fell apart and it is now back on market. Many changes have been done. The entire front porch has been replaced and so has the red brick in the back of the home. As well as many more updates done from the inspection report.

2. 2026-04-30
   status Pending

   Show marketing remark (767 chars)

   You have to check out this beautifully remodeled home in inkster, bordering westland. This home features new flooring, updated bathroom, fresh paint and so much more. Turn key ready, just move in! Comes with a huge, clean basement that can be be finished for extra living space or storage. Large fenced backyard and new landscaping out front. Whether you're looking for a great rental investment opportunity or looking for a wonderful home to live in, this home is priced to sell! Make sure to schedule your showing today! Note: Buyer financing fell apart and it is now back on market. Many changes have been done. The entire front porch has been replaced and so has the red brick in the back of the home. As well as many more updates done from the inspection report.

3. 2026-02-19
   price $140,000 767-char remark

   Show marketing remark (767 chars)

   You have to check out this beautifully remodeled home in inkster, bordering westland. This home features new flooring, updated bathroom, fresh paint and so much more. Turn key ready, just move in! Comes with a huge, clean basement that can be be finished for extra living space or storage. Large fenced backyard and new landscaping out front. Whether you're looking for a great rental investment opportunity or looking for a wonderful home to live in, this home is priced to sell! Make sure to schedule your showing today! Note: Buyer financing fell apart and it is now back on market. Many changes have been done. The entire front porch has been replaced and so has the red brick in the back of the home. As well as many more updates done from the inspection report.

4. 2026-02-18
   price $140,000
5. 2026-01-28
   status Active
6. 2026-01-28
   historical
7. 2025-12-16
   listed $139,000 Active 767-char remark

   Show marketing remark (767 chars)

   You have to check out this beautifully remodeled home in inkster, bordering westland. This home features new flooring, updated bathroom, fresh paint and so much more. Turn key ready, just move in! Comes with a huge, clean basement that can be be finished for extra living space or storage. Large fenced backyard and new landscaping out front. Whether you're looking for a great rental investment opportunity or looking for a wonderful home to live in, this home is priced to sell! Make sure to schedule your showing today! Note: Buyer financing fell apart and it is now back on market. Many changes have been done. The entire front porch has been replaced and so has the red brick in the back of the home. As well as many more updates done from the inspection report.

8. 2025-12-16
   listed $139,000 Active

   Show marketing remark (767 chars)

   You have to check out this beautifully remodeled home in inkster, bordering westland. This home features new flooring, updated bathroom, fresh paint and so much more. Turn key ready, just move in! Comes with a huge, clean basement that can be be finished for extra living space or storage. Large fenced backyard and new landscaping out front. Whether you're looking for a great rental investment opportunity or looking for a wonderful home to live in, this home is priced to sell! Make sure to schedule your showing today! Note: Buyer financing fell apart and it is now back on market. Many changes have been done. The entire front porch has been replaced and so has the red brick in the back of the home. As well as many more updates done from the inspection report.

9. 2025-12-11
   historical
10. 2025-10-15
    status Active
11. 2025-10-15
    status Active
12. 2025-10-08
    historical Accepting Backup Offers
13. 2025-10-08
    historical Active Under Contract
14. 2025-10-08
    status Active
15. 2025-10-08
    status Active
16. 2025-10-03
    historical Accepting Backup Offers
17. 2025-10-03
    status Active
18. 2025-10-02
    historical Accepting Backup Offers
19. 2025-10-02
    historical Active Under Contract
20. 2025-10-01
    status Active
21. 2025-09-30
    status Active
22. 2025-09-27
    status Pending
23. 2025-09-27
    status Pending
24. 2025-09-27
    historical
25. 2025-09-10
    listed $145,000 Active
26. 2025-09-10
    listed $145,000 Active
27. 2025-08-12
    historical
28. 2025-07-22
    price $145,000
29. 2025-07-21
    price $145,000
30. 2025-06-27
    listed $150,000 Active
31. 2025-06-27
    listed $150,000 Active
32. 2025-05-05
    soldstatus $90,000
33. 2025-03-25
    soldstatus $55,000
34. 2014-09-15
    soldstatus $48,700
35. 2014-07-31
    historical
36. 2014-06-01
    listed $750
37. 2014-05-31
    historical
38. 2014-02-27
    listed $800
39. 2011-03-10
    historical
40. 2011-01-24
    listed $850
41. 2011-01-13
    soldstatus $15,000
42. 2011-01-13
    soldstatus $15,000
43. 2010-11-05
    historical
44. 2010-09-08
    listed $18,000
45. 2010-09-08
    listed $18,000
46. 1996-10-17
    soldstatus $31,500
47. 1996-09-20
    soldstatus $31,500
48. 1996-07-02
    listed $32,900

ⓘ 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: $1,064 · $89/mo
• Projected year-2 tax: $1,610 · $134/mo
• Expected delta: +$546/yr (+$46/mo · 51.3%)

ⓘ 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 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: $17,251
• − Mortgage interest: −$7,842
• − Property taxes: −$1,064
• − Insurance: −$700
• − Repairs & maintenance: −$1,380
• − Management: −$1,380
• − Depreciation: −$4,073
• Taxable income: $812
• Est. tax owed @ 24.0%: −$195
• After-tax cash flow: $2,859/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 — 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

+325.5% since first listed

48 events — show timeline

• 2026-04-30 Pending — MiRealSource-MiMLS
• 2026-04-30 Pending — REALCOMP
• 2026-02-19 Price Changed $140,000 MiRealSource-MiMLS
• 2026-02-18 Price Changed $140,000 REALCOMP
• 2026-01-28 Relisted — REALCOMP
• 2026-01-28 Listing Removed — REALCOMP
• 2025-12-16 Listed $139,000 REALCOMP
• 2025-12-16 Listed $139,000 MiRealSource-MiMLS
• 2025-12-11 Listing Removed — MiRealSource-MiMLS
• 2025-10-15 Relisted — MiRealSource-MiMLS
• 2025-10-15 Relisted — REALCOMP
• 2025-10-08 Contingent — MiRealSource-MiMLS
• 2025-10-08 Contingent — REALCOMP
• 2025-10-08 Relisted — REALCOMP
• 2025-10-08 Relisted — MiRealSource-MiMLS
• 2025-10-03 Contingent — MiRealSource-MiMLS
• 2025-10-03 Relisted — MiRealSource-MiMLS
• 2025-10-02 Contingent — MiRealSource-MiMLS
• 2025-10-02 Contingent — REALCOMP
• 2025-10-01 Relisted — REALCOMP
• 2025-09-30 Relisted — MiRealSource-MiMLS
• 2025-09-27 Pending — MiRealSource-MiMLS
• 2025-09-27 Pending — REALCOMP
• 2025-09-27 Listing Removed — REALCOMP
• 2025-09-10 Listed $145,000 REALCOMP
• 2025-09-10 Listed $145,000 MiRealSource-MiMLS
• 2025-08-12 Listing Removed — MiRealSource-MiMLS
• 2025-07-22 Price Changed $145,000 MiRealSource-MiMLS
• 2025-07-21 Price Changed $145,000 REALCOMP
• 2025-06-27 Listed $150,000 REALCOMP
• 2025-06-27 Listed $150,000 MiRealSource-MiMLS
• 2025-05-05 Sold (Public Records) $90,000 Public Records
• 2025-03-25 Sold (Public Records) $55,000 Public Records
• 2014-09-15 Sold (Public Records) $48,700 Public Records
• 2014-07-31 Listing Removed — MiRealSource-MiMLS
• 2014-06-01 Listed $750 MiRealSource-MiMLS
• 2014-05-31 Listing Removed — MiRealSource-MiMLS
• 2014-02-27 Listed $800 MiRealSource-MiMLS
• 2011-03-10 Listing Removed — MiRealSource-MiMLS
• 2011-01-24 Listed $850 MiRealSource-MiMLS
• 2011-01-13 Sold (MLS) $15,000 MiRealSource-MiMLS
• 2011-01-13 Sold (MLS) $15,000 REALCOMP
• 2010-11-05 Listing Removed — MiRealSource-MiMLS
• 2010-09-08 Listed $18,000 MiRealSource-MiMLS
• 2010-09-08 Listed $18,000 REALCOMP
• 1996-10-17 Sold (Public Records) $31,500 Public Records
• 1996-09-20 Sold (MLS) $31,500 REALCOMP
• 1996-07-02 Listed $32,900 REALCOMP

Property tax history

-9.9%/yr

Latest (2025): $1,064 · -32.9% YoY. Source: county tax records.