348 Sonia Ave · Madison Heights, MI 48071

$250,000

3 bd · 2.0 ba · 1,960 sqft · SingleFamily public records · 14 Days on market

Built 1958 5,663 sqft lot Est $263k · 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 +14.1/30.0
• ARV discount +9.7/15.0
• 1% rule +4.4/10.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• Schools +3.3/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lovingly cared for and cherished by the same family for decades, this well maintained home is now ready for its next chapter. Nestled in a highly desirable location within the sought after Lamphere school district, it offers walkability to parks, schools, and places of worship, with easy access to major amenities. Natural hardwood floors flow throughout the entire first level, and the updated eat-in kitchen features maple Homecrest cabinetry with soft close doors and drawers, multiple pullouts, crown toppers, and granite countertops. The adjoining nook-style dining space makes everyday living comfortable and functional. The family room boasts a large bay window that fills the space with natural light. Major mechanicals were all replaced in 2018, including the furnace, central air, hot water tank, humidifier, and roof on both the house and garage, giving the next owner true peace of mind. Additional updates include Wallside windows, an updated electrical panel, and dutch lap vinyl siding. The partially finished basement offers lighting, a drop ceiling, finished flooring, glass block windows, a half bath, and framed rooms ready for your finishing touches. Outside, enjoy a fully fenced lot with a beautiful Japanese maple in the front yard and an oversized garage. Kitchen and laundry appliances are included. This is bitter sweet for the family but its time to pass the legacy on for new memories to be made. Schedule your showing today, and Welcome Home!

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1958

Property features AI

Exterior

• Parking: Detached garage; 2-car garage; Driveway; Garage faces front; Garage door opener
• Utilities: Public water; Public sewer; Circuit breaker electrical service; Cable available; Underground utilities
• Home design: Single-family residence; One level; Ground-level entry
• Construction: Brick and vinyl siding construction
• Exterior features: Porch; Fenced yard; Exterior lighting; Asphalt roof; Paved road access; Sidewalks in the community

Interior

• Kitchen: Disposal; Free-standing electric range; Microwave; Free-standing refrigerator; Gas water heater
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating; Natural gas heating
• Interior features: Smart thermostat; Partially finished basement; Basement present
• Laundry & utility: Washer; Dryer; Electric dryer hookup; Gas dryer hookup; Washer hookup; Laundry room; Humidifier

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $36 ($434/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 $235k (5.9% below list).
• Recommended offer: $235k (5.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#62 in MI, #1,347 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D.
• Lamphere Public Schools (suburban): math 28% / reading 49% proficiency, ranked #235 of 540 in MI (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Edmonson Elementary School (math 27% / reading 57%, grade F, #547 of 1,397 statewide, top 41%, 280 students, 56% FRL); Page Middle School (math 23% / reading 47%, grade F, #283 of 493 statewide, top 58%, 554 students, 54% FRL); Lamphere High School (math 32% / reading 57%, grade F, #214 of 713 statewide, top 36%, 729 students, 48% FRL).
• Market conditions: Rents rising (+2.8%/yr); 141 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 41% of the median local income ($70k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 14 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.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $235,305 (5.9% below list)

Questions for the listing agent

1. Built in 1958 — 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 D-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. 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?
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: 0.94% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.62%
• DSCR: 1.03
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $262,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
833 Bernie Ln	0.16mi	4/1.5 (+1)	1,998 (+2%)	1mo	$235,000	$118	82
822 Bernie Ln	0.16mi	3/2.0	2,128 (+9%)	0mo	$210,000	$99	78
348 Sonia Ave	0.00mi	3/1.5	1,680 (-14%)	0mo	$250,000	$149	74
76 W Katherine Ave	0.45mi	3/1.5	2,018 (+3%)	0mo	$265,000	$131	72
28303 Diesing Dr	0.50mi	3/1.5	1,909 (-3%)	0mo	$240,000	$126	70
309 Sonia Ave	0.05mi	2/1.5 (-1)	1,680 (-14%)	0mo	$225,000	$134	67
28419 Park Ct	0.54mi	3/2.0	2,100 (+7%)	0mo	$260,000	$124	63
27604 Rialto St	0.27mi	3/1.5	1,680 (-14%)	1mo	$240,000	$143	61
28146 Park Ct	0.54mi	3/1.0	2,100 (+7%)	1mo	$235,000	$112	58
1594 Harvard Dr	0.71mi	3/2.5	1,847 (-6%)	0mo	$415,000	$225	55
29064 Howard Ave	0.56mi	3/2.0	1,736 (-11%)	1mo	$245,000	$141	54
27132 Groveland St	0.40mi	2/3.5 (-1)	2,169 (+11%)	1mo	$355,000	$164	52

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 · 2.81% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-38,561
• Equity at exit: $37,276

10-year hold

• IRR: -7.3%
• Equity multiple: 0.54×
• Total profit: $-32,065
• Equity at exit: $21,615

Cash invested: $70,000 (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 48071

• Rents YoY: 2.8%
• Active inventory: 141
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,353 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$408 /mo · $4,890/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $36

Break-even live

Break-even rent $2,307

Max offer price $250,000

Occupancy floor 93%

Sensitivity live

Price	-10% $178	-5% $107	+0% $36	+5% $-35	+10% $-105
Rent	-10% $-150	-5% $-57	+0% $36	+5% $129	+10% $222
Rate	-1.0pp $162	-0.5pp $100	base $36	+0.5pp $-29	+1.0pp $-95

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1045 E 12 Mile Rd Madison Heights, MI	3.0	1.0	1700	$4,000	$2.35	0d	1	0.56mi
642 Bellaire Ave Madison Heights, MI	3.0	2.5	1750	$2,423	$1.38	23d	1	0.72mi
1322 Elliott Ave Madison Heights, MI	3.0	1.5	1500	$2,100	$1.40	20d	1	0.86mi
14895 Twelve Mile Rd Warren, MI	1.0–2.0	1.0–1.5	1025	$1,560	$1.52	3d	4	0.90mi
29607 Howard Ave Madison Heights, MI	3.0	2.5	1956	$1,950	$1.00	45d	1	0.93mi
740 Sheffield Dr Madison Heights, MI	3.0	1.5	2303	$2,000	$0.87	45d	1	1.01mi
1132 N Campbell Rd Royal Oak, MI	2.0–3.0	1.0–1.5	1125	$2,085	$1.85	1d	8	1.13mi
28222 Saint Louise Dr Warren, MI	3.0	2.0	1600	$5,500	$3.44	0d	1	1.18mi
406 N Campbell Rd Royal Oak, MI	3.0	2.0	1814	$2,500	$1.38	0d	1	1.23mi
1106 Grove Ave Royal Oak, MI	4.0	2.5	1289	$2,325	$1.80	0d	1	1.32mi
300 E Thirteen Mile Rd Madison Heights, MI	2.0	1.5	1350	$1,475	$1.09	20d	1	1.42mi

Listing history 10 events

1. 2026-06-07
   statusdays on market $250,000 Pending 14 DOM
2. 2026-06-04
   days on market $250,000 Active Under Contract 13 DOM
3. 2026-06-03
   days on market $250,000 Active Under Contract 12 DOM
4. 2026-06-02
   days on market $250,000 Active Under Contract 11 DOM
5. 2026-06-01
   days on market $250,000 Active Under Contract 10 DOM
6. 2026-05-31
   days on market $250,000 Active Under Contract 9 DOM
7. 2026-05-22
   listed $250,000 Active

   Show marketing remark (1472 chars)

   Lovingly cared for and cherished by the same family for decades, this well maintained home is now ready for its next chapter. Nestled in a highly desirable location within the sought after Lamphere school district, it offers walkability to parks, schools, and places of worship, with easy access to major amenities. Natural hardwood floors flow throughout the entire first level, and the updated eat-in kitchen features maple Homecrest cabinetry with soft close doors and drawers, multiple pullouts, crown toppers, and granite countertops. The adjoining nook-style dining space makes everyday living comfortable and functional. The family room boasts a large bay window that fills the space with natural light. Major mechanicals were all replaced in 2018, including the furnace, central air, hot water tank, humidifier, and roof on both the house and garage, giving the next owner true peace of mind. Additional updates include Wallside windows, an updated electrical panel, and dutch lap vinyl siding. The partially finished basement offers lighting, a drop ceiling, finished flooring, glass block windows, a half bath, and framed rooms ready for your finishing touches. Outside, enjoy a fully fenced lot with a beautiful Japanese maple in the front yard and an oversized garage. Kitchen and laundry appliances are included. This is bitter sweet for the family but its time to pass the legacy on for new memories to be made. Schedule your showing today, and Welcome Home!

8. 2026-05-22
   listed $250,000 Active 1472-char remark

   Show marketing remark (1472 chars)

   Lovingly cared for and cherished by the same family for decades, this well maintained home is now ready for its next chapter. Nestled in a highly desirable location within the sought after Lamphere school district, it offers walkability to parks, schools, and places of worship, with easy access to major amenities. Natural hardwood floors flow throughout the entire first level, and the updated eat-in kitchen features maple Homecrest cabinetry with soft close doors and drawers, multiple pullouts, crown toppers, and granite countertops. The adjoining nook-style dining space makes everyday living comfortable and functional. The family room boasts a large bay window that fills the space with natural light. Major mechanicals were all replaced in 2018, including the furnace, central air, hot water tank, humidifier, and roof on both the house and garage, giving the next owner true peace of mind. Additional updates include Wallside windows, an updated electrical panel, and dutch lap vinyl siding. The partially finished basement offers lighting, a drop ceiling, finished flooring, glass block windows, a half bath, and framed rooms ready for your finishing touches. Outside, enjoy a fully fenced lot with a beautiful Japanese maple in the front yard and an oversized garage. Kitchen and laundry appliances are included. This is bitter sweet for the family but its time to pass the legacy on for new memories to be made. Schedule your showing today, and Welcome Home!

9. 1989-10-04
   soldstatus $48,500
10. 1989-10-04
    soldstatus $64,900

ⓘ 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: $4,890 · $408/mo
• Projected year-2 tax: $4,890 · $408/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 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,237
• − Mortgage interest: −$14,004
• − Property taxes: −$4,890
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,259
• − Management: −$2,259
• − Depreciation: −$7,273
• Taxable loss: −$3,698
• Est. tax savings @ 24.0%: +$888
• After-tax cash flow: $1,322/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: Lamphere Public Schools
• NCES district ID: 2621120
• Math proficiency: 28% ▼ -8.00%
• Reading proficiency: 49% ▲ 1.00%
• Median HH income: $44,993
• Composite: 32.69/100
• National rank: #5649
• State rank: #235 of 540 in MI

Livability — Madison Heights

• Score: 81/100
• State rank: #62
• US rank: #1347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison Heights, MI
• County: Oakland County · 1,009,092 people
• City population: 28,419
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 28,419
• Household income: $69,503
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 786.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 7% Asian 7% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 11% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · China, Canada, South Korea
• Languages at home: 84% English-only · Chinese 3% Other Indo-European 3% Arabic 2%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -275.69%
• Current HPI: 243.4861
• Rent YoY: ▲ 2.81%
• 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

+415.5% since first listed

10 events — show timeline

• 2026-06-17 Sold (MLS) $250,000 REALCOMP
• 2026-06-17 Sold (MLS) $250,000 MiRealSource-MiMLS
• 2026-06-05 Pending — MiRealSource-MiMLS
• 2026-06-05 Pending — REALCOMP
• 2026-05-26 Contingent — MiRealSource-MiMLS
• 2026-05-26 Contingent — REALCOMP
• 2026-05-22 Listed $250,000 REALCOMP
• 2026-05-22 Listed $250,000 MiRealSource-MiMLS
• 1989-10-04 Sold (Public Records) $64,900 Public Records
• 1989-10-04 Sold (Public Records) $48,500 Public Records

Property tax history

+7.1%/yr

Latest (2025): $4,890 · +2.8% YoY. Source: county tax records.