410 Central St · Inkster, MI 48141

$139,900

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 10 Days on market

Built 1953 6,098 sqft lot Est $142k · at est.

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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 +22.0/30.0
• ARV discount +8.2/15.0
• DSCR +7.0/10.0
• 1% rule +5.8/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss this lovely three bed, two bath, all brick home. The hardwood flooring has been refinished in the living room and one of the bedrooms for easy, modern living. This home has a cute eat in kitchen and all appliances stay. The bathroom was totally updated on the main level in 2019 with custom tile work and an extra deep tub. The hot water tank was replaced in 2017, the furnace 2019 and a newer disposal 2022. The huge basement provides tons of extra entertaining space and storage with a full bath! The washer and dryer stay. The yard is extra deep and has a covered back porch where you can sit and enjoy those long summer days. Immediate occupancy and seller is providing the certificate of occupancy. .. all you have to do is move in!

Key facts

• Hardwood flooring
• Huge basement
• Extra deep tub

Tags

• HARDWOOD FLOORING
• EAT IN KITCHEN
• CUSTOM TILE WORK
• EXTRA DEEP TUB
• HUGE BASEMENT
• COVERED BACK PORCH

Property features AI

Finance

• Other: Paved road access; Lot approximately 0.14 acres (50 x 120); No pool
• HOA & community: Sidewalks; Pets allowed

Exterior

• Parking: Detached garage (1.5 spaces)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Ground-level entry with steps; Brick construction
• Construction: Brick construction; Asphalt roof; Partially finished basement
• Exterior features: Outdoor lighting; Covered patio and porch; Porch; Patio; Back yard fencing; Fenced yard; Asphalt roof

Interior

• Kitchen: Free-standing electric range; Free-standing refrigerator; Microwave; Exhaust fan; Gas water heater
• Bedrooms: Total rooms: 5; Basement includes partially finished space
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Ceiling fans; Forced air heating; Natural gas heating; Exhaust fan
• Interior features: High-speed internet; Unfurnished
• Laundry & utility: Gas water heater

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 $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).

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 23d 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 $1,517/mo this rent would consume 46% 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 $967 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,900

Questions for the listing agent

1. Built in 1953 — 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: 1.08% ✓
• Cap rate: 8.21%
• Cash-on-cash: 6.85%
• DSCR: 1.30
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $142,128
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
28999 Beechnut St	0.11mi	3/1.0	1,008 (0%)	0mo	$180,000	$179	94
28930 Birchwood St	0.18mi	3/1.0	1,008 (0%)	0mo	$150,000	$149	91
29707 Birchwood St	0.39mi	3/1.0	1,000 (-1%)	1mo	$96,000	$96	79
29522 Grandview St	0.33mi	3/1.0	972 (-4%)	1mo	$130,000	$134	78
28521 Oakwood St	0.47mi	3/1.0	1,025 (+2%)	0mo	$145,000	$141	75
29455 Rosslyn Ave	0.53mi	3/1.0	1,010 (+0%)	0mo	$180,000	$178	75
431 Lytle Pl	0.46mi	3/1.0	967 (-4%)	1mo	$153,600	$159	71
29497 Oakwood St	0.44mi	2/1.0 (-1)	1,025 (+2%)	1mo	$110,000	$107	71
462 Clair St	0.63mi	3/1.0	1,000 (-1%)	1mo	$265,000	$265	68
28005 Avondale St	0.63mi	3/1.0	962 (-5%)	2mo	$107,500	$112	62
29982 Hazelwood St	0.65mi	3/1.0	1,053 (+4%)	1mo	$135,000	$128	61
29537 Hazelwood St	0.56mi	3/1.0	1,100 (+9%)	0mo	$80,000	$73	58

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: -5.8%
• Equity multiple: 0.78×
• Total profit: $-8,469
• Equity at exit: $20,860

10-year hold

• IRR: 3.8%
• Equity multiple: 1.28×
• Total profit: $10,773
• Equity at exit: $12,096

Cash invested: $39,172 (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: 7.7×

Monthly cashflow live

• Estimated rent: $1,517 high
• Mortgage (P&I): −$734
• Tax from tax record: −$183 /mo · $2,190/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $224

Break-even live

Break-even rent $1,233

Max offer price $139,900

Occupancy floor 80%

Sensitivity live

Price	-10% $303	-5% $263	+0% $224	+5% $184	+10% $145
Rent	-10% $104	-5% $164	+0% $224	+5% $284	+10% $344
Rate	-1.0pp $294	-0.5pp $259	base $224	+0.5pp $187	+1.0pp $151

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29203 Oakwood St Inkster, MI	3.0	1.5	912	$1,600	$1.75	2d	1	0.35mi
29800 Oakwood St Inkster, MI	3.0	1.0	1040	$1,400	$1.35	13d	1	0.44mi
30043 Grandview St Unit 1 Inkster, MI	3.0	1.5	1004	$1,275	$1.27	44d	1	0.52mi
1150 Magnolia Dr Inkster, MI	3.0	1.0	900	$1,300	$1.44	25d	1	0.58mi
536 N Leona Ave Garden City, MI	3.0	1.0	1000	$1,440	$1.44	13d	1	0.59mi
30010 Hazelwood St Inkster, MI	3.0	1.0	1044	$1,300	$1.25	44d	1	0.61mi
30520 Hiveley St Westland, MI	3.0	1.0	1105	$1,700	$1.54	22d	1	0.69mi
641 Gilman St Garden City, MI	3.0	1.0	1300	$2,600	$2.00	17d	1	0.71mi
130 E Tami Cir Westland, MI	1.0–2.0	1.0–1.5	800	$1,209	$1.51	44d	3	0.71mi
29971 Brooklane St Inkster, MI	3.0	1.0	974	$1,450	$1.49	44d	1	0.97mi
31217 Cherry Hill Rd Westland, MI	3.0	1.0	1100	$1,800	$1.64	4d	1	1.02mi
27184 Lucerne Dr Inkster, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	1.05mi
238 Yorkshire Blvd Dearborn Heights, MI	1.0–2.0	1.0	741	$1,424	$1.92	2d	9	1.07mi
31820 Bay Ct Westland, MI	2.0	1.0	834	$1,125	$1.35	17d	1	1.43mi
5839 Helen St Garden City, MI	3.0	1.0	984	$1,500	$1.52	25d	1	1.49mi

Listing history 9 events

1. 2026-05-19
   listed $139,900 Active

   Show marketing remark (748 chars)

   Don't miss this lovely three bed, two bath, all brick home. The hardwood flooring has been refinished in the living room and one of the bedrooms for easy, modern living. This home has a cute eat in kitchen and all appliances stay. The bathroom was totally updated on the main level in 2019 with custom tile work and an extra deep tub. The hot water tank was replaced in 2017, the furnace 2019 and a newer disposal 2022. The huge basement provides tons of extra entertaining space and storage with a full bath! The washer and dryer stay. The yard is extra deep and has a covered back porch where you can sit and enjoy those long summer days. Immediate occupancy and seller is providing the certificate of occupancy. .. all you have to do is move in!

2. 2026-05-19
   listed $139,900 Active 748-char remark

   Show marketing remark (748 chars)

   Don't miss this lovely three bed, two bath, all brick home. The hardwood flooring has been refinished in the living room and one of the bedrooms for easy, modern living. This home has a cute eat in kitchen and all appliances stay. The bathroom was totally updated on the main level in 2019 with custom tile work and an extra deep tub. The hot water tank was replaced in 2017, the furnace 2019 and a newer disposal 2022. The huge basement provides tons of extra entertaining space and storage with a full bath! The washer and dryer stay. The yard is extra deep and has a covered back porch where you can sit and enjoy those long summer days. Immediate occupancy and seller is providing the certificate of occupancy. .. all you have to do is move in!

3. 2022-04-19
   soldstatus $122,000
4. 2022-04-07
   soldstatus $122,000 Sold 617-char remark

   Show marketing remark (617 chars)

   * * WELCOME TO 410 CENTRAL STREET IN INKSTER * * THREE BEDS, TWO BATHS AND 1,000 SQ. FEET IN THIS AN ALL-BRICK RANCH * * HARDWOOD FLOORING IN THE LIVING ROOM AND UNDER THE CARPET OF ALL THREE BEDROOMS * * ADORABLE KITCHEN WHERE ALL APPLIANCES STAY * * TOTALLY UPDATED MAIN LEVEL BATHROOM (2019) * * NEWER HOT-WATER TANK (2017) * * NEW FURNACE (2019) * * NEW DISPOSAL (2022) * * HUGE BASEMENT WAITING FOR YOUR REMODEL * * FULL BATH IN BASEMENT * * DRYER STAYS * * DEEP YARD WITH MUST-SEE COVERED BACK PORCH * * IMMEDIATE OCCUPANCY * * SELLER TO PROVIDE CERT. OF OCCUPANCY * *

5. 2022-04-07
   soldstatus $122,000 Closed

   Show marketing remark (617 chars)

   * * WELCOME TO 410 CENTRAL STREET IN INKSTER * * THREE BEDS, TWO BATHS AND 1,000 SQ. FEET IN THIS AN ALL-BRICK RANCH * * HARDWOOD FLOORING IN THE LIVING ROOM AND UNDER THE CARPET OF ALL THREE BEDROOMS * * ADORABLE KITCHEN WHERE ALL APPLIANCES STAY * * TOTALLY UPDATED MAIN LEVEL BATHROOM (2019) * * NEWER HOT-WATER TANK (2017) * * NEW FURNACE (2019) * * NEW DISPOSAL (2022) * * HUGE BASEMENT WAITING FOR YOUR REMODEL * * FULL BATH IN BASEMENT * * DRYER STAYS * * DEEP YARD WITH MUST-SEE COVERED BACK PORCH * * IMMEDIATE OCCUPANCY * * SELLER TO PROVIDE CERT. OF OCCUPANCY * *

6. 2022-03-07
   status Pending

   Show marketing remark (617 chars)

   * * WELCOME TO 410 CENTRAL STREET IN INKSTER * * THREE BEDS, TWO BATHS AND 1,000 SQ. FEET IN THIS AN ALL-BRICK RANCH * * HARDWOOD FLOORING IN THE LIVING ROOM AND UNDER THE CARPET OF ALL THREE BEDROOMS * * ADORABLE KITCHEN WHERE ALL APPLIANCES STAY * * TOTALLY UPDATED MAIN LEVEL BATHROOM (2019) * * NEWER HOT-WATER TANK (2017) * * NEW FURNACE (2019) * * NEW DISPOSAL (2022) * * HUGE BASEMENT WAITING FOR YOUR REMODEL * * FULL BATH IN BASEMENT * * DRYER STAYS * * DEEP YARD WITH MUST-SEE COVERED BACK PORCH * * IMMEDIATE OCCUPANCY * * SELLER TO PROVIDE CERT. OF OCCUPANCY * *

7. 2022-03-07
   status Pending 617-char remark

   Show marketing remark (617 chars)

   * * WELCOME TO 410 CENTRAL STREET IN INKSTER * * THREE BEDS, TWO BATHS AND 1,000 SQ. FEET IN THIS AN ALL-BRICK RANCH * * HARDWOOD FLOORING IN THE LIVING ROOM AND UNDER THE CARPET OF ALL THREE BEDROOMS * * ADORABLE KITCHEN WHERE ALL APPLIANCES STAY * * TOTALLY UPDATED MAIN LEVEL BATHROOM (2019) * * NEWER HOT-WATER TANK (2017) * * NEW FURNACE (2019) * * NEW DISPOSAL (2022) * * HUGE BASEMENT WAITING FOR YOUR REMODEL * * FULL BATH IN BASEMENT * * DRYER STAYS * * DEEP YARD WITH MUST-SEE COVERED BACK PORCH * * IMMEDIATE OCCUPANCY * * SELLER TO PROVIDE CERT. OF OCCUPANCY * *

8. 2022-02-24
   listed $114,900 Active 617-char remark

   Show marketing remark (617 chars)

   * * WELCOME TO 410 CENTRAL STREET IN INKSTER * * THREE BEDS, TWO BATHS AND 1,000 SQ. FEET IN THIS AN ALL-BRICK RANCH * * HARDWOOD FLOORING IN THE LIVING ROOM AND UNDER THE CARPET OF ALL THREE BEDROOMS * * ADORABLE KITCHEN WHERE ALL APPLIANCES STAY * * TOTALLY UPDATED MAIN LEVEL BATHROOM (2019) * * NEWER HOT-WATER TANK (2017) * * NEW FURNACE (2019) * * NEW DISPOSAL (2022) * * HUGE BASEMENT WAITING FOR YOUR REMODEL * * FULL BATH IN BASEMENT * * DRYER STAYS * * DEEP YARD WITH MUST-SEE COVERED BACK PORCH * * IMMEDIATE OCCUPANCY * * SELLER TO PROVIDE CERT. OF OCCUPANCY * *

9. 2022-02-24
   listed $114,900 Active

   Show marketing remark (617 chars)

   * * WELCOME TO 410 CENTRAL STREET IN INKSTER * * THREE BEDS, TWO BATHS AND 1,000 SQ. FEET IN THIS AN ALL-BRICK RANCH * * HARDWOOD FLOORING IN THE LIVING ROOM AND UNDER THE CARPET OF ALL THREE BEDROOMS * * ADORABLE KITCHEN WHERE ALL APPLIANCES STAY * * TOTALLY UPDATED MAIN LEVEL BATHROOM (2019) * * NEWER HOT-WATER TANK (2017) * * NEW FURNACE (2019) * * NEW DISPOSAL (2022) * * HUGE BASEMENT WAITING FOR YOUR REMODEL * * FULL BATH IN BASEMENT * * DRYER STAYS * * DEEP YARD WITH MUST-SEE COVERED BACK PORCH * * IMMEDIATE OCCUPANCY * * SELLER TO PROVIDE CERT. OF OCCUPANCY * *

ⓘ 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: $2,190 · $183/mo
• Projected year-2 tax: $2,190 · $183/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: $18,200
• − Mortgage interest: −$7,837
• − Property taxes: −$2,190
• − Insurance: −$700
• − Repairs & maintenance: −$1,456
• − Management: −$1,456
• − Depreciation: −$4,070
• Taxable income: $492
• Est. tax owed @ 24.0%: −$118
• After-tax cash flow: $2,567/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

+21.8% since first listed

9 events — show timeline

• 2026-05-19 Listed $139,900 MiRealSource-MiMLS
• 2026-05-19 Listed $139,900 REALCOMP
• 2022-04-19 Sold (Public Records) $122,000 Public Records
• 2022-04-07 Sold (MLS) $122,000 MiRealSource-MiMLS
• 2022-04-07 Sold (MLS) $122,000 REALCOMP
• 2022-03-07 Pending — MiRealSource-MiMLS
• 2022-03-07 Pending — REALCOMP
• 2022-02-24 Listed $114,900 MiRealSource-MiMLS
• 2022-02-24 Listed $114,900 REALCOMP

Property tax history

+1.3%/yr

Latest (2025): $2,190 · -17.3% YoY. Source: county tax records.