29840 Mason St · Livonia, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +20.3/30.0
- ARV discount +15.0/15.0
- DSCR +6.4/10.0
- 1% rule +5.0/10.0
- Schools +4.6/10.0
- Livability +3.9/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$225,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
Key facts
- 9,583 sq ft lot
- Garage
- Built 1961
Property features AI
Finance
- Other: Accessible features throughout (entrance, doors, bedroom, kitchen)
- HOA & community: Sidewalks in the community; Pets allowed
Exterior
- Parking: Attached garage with garage door opener; Driveway; Garage faces front; 1 garage space
- Utilities: Public water; Public sewer; Circuit breaker electric service; Underground utilities
- Home design: Single-family residence; One level (ground-level entry with steps); Brick construction; Asphalt roof; Level lot; Paved road access; Lot approximately 0.22 acres (93 x 107); Subdivision: LYNDON MEADOWS SUB; Accessible entrance and accessible doors
- Construction: Brick exterior; Crawl space foundation
- Exterior features: Lighting; Deck; Fenced backyard
Interior
- Kitchen: Built-in gas oven; Free-standing gas range; Gas water heater
- Bedrooms: Accessible bedroom
- Bathrooms: 2 full bathrooms
- Heating & cooling: Forced air heating (natural gas); Central air; Attic fan; Ceiling fans; Wall air conditioning unit(s)
- Interior features: High-speed internet; Smart thermostat; Wood-burning double-sided fireplace serving kitchen and living room; Unfurnished
- Laundry & utility: Accessible kitchen (single-level accessible features)
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $225k.
Deal economics
- At list price, monthly cash flow is $287 ($3k/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 $225k (0.1% below list).
- Recommended offer: $222k (1.5% below list) — sets the bar for market timing.
- Cap rate 7.8% vs local median 4.9% in Livonia — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 77/100 on livability (#116 in MI, #2,784 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities D, health & safety D, commute F.
- Livonia Public Schools School District (urban): math 46% / reading 59% proficiency, ranked #77 of 540 in MI (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Roosevelt Elementary School (math 57% / reading 52%, grade C, #276 of 1,397 statewide, top 22%, 381 students, 42% FRL); Cooper Upper Elementary School (math 22% / reading 45%, grade F, #303 of 493 statewide, top 62%, 662 students, 49% FRL); Franklin High School (math 36% / reading 52%, grade F, #255 of 713 statewide, top 36%, 1,327 students, 40% FRL) — zoned schools average 44% FRL vs 22% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 108 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $7k 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 23 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 21y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $75k; list at $225k implies a 200% gain — meaningful room to come down on a strong offer.
Questions for the listing agent
- Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- 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.
- 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.
- 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
- 1.00% ✗
- Cap rate
- 7.82%
- Cash-on-cash
- 5.47%
- DSCR
- 1.24
- GRM
- 8.3
CMA / ARV
- ARV (on-the-fly)
- $289,238
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 29840 Mason St | 0.00mi | 3/2.0 | 1,598 (0%) | 1mo | $220,000 | $138 | 95 |
| 14164 Bainbridge St | 0.60mi | 3/1.5 | 1,628 (+2%) | 6mo | $279,000 | $171 | 62 |
| 29521 Jacquelyn Dr | 0.31mi | 3/1.5 | 1,472 (-8%) | 10mo | $330,000 | $224 | 62 |
| 30143 Hoy St | 0.67mi | 3/1.0 | 1,686 (+6%) | 5mo | $284,000 | $168 | 55 |
| 14236 Garden St | 0.52mi | 3/2.5 | 1,642 (+3%) | 12mo | $350,000 | $213 | 55 |
| 14411 Harrison St | 0.75mi | 3/1.5 | 1,686 (+6%) | 0mo | $299,000 | $177 | 54 |
| 14219 Alexander St | 0.55mi | 3/1.5 | 1,536 (-4%) | 16mo | $300,000 | $195 | 53 |
| 29424 Oakley St | 0.51mi | 3/2.0 | 1,743 (+9%) | 10mo | $275,000 | $158 | 49 |
| 14244 Sunbury St | 0.64mi | 3/1.5 | 1,536 (-4%) | 18mo | $290,500 | $189 | 47 |
| 31126 Grennada St | 0.66mi | 3/2.0 | 1,800 (+13%) | 7mo | $325,000 | $181 | 39 |
| 31014 Mason St | 0.54mi | 3/2.0 | 1,809 (+13%) | 13mo | $349,000 | $193 | 38 |
| 28507 Lyndon St | 0.75mi | 3/1.0 | 1,444 (-10%) | 13mo | $251,000 | $174 | 38 |
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
- IRR
- -7.8%
- Equity multiple
- 0.71×
- Total profit
- $-18,177
- Equity at exit
- $33,548
- IRR
- 1.7%
- Equity multiple
- 1.12×
- Total profit
- $7,696
- Equity at exit
- $19,454
Cash invested: $63,000 (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
ZIP-level market 48154
- Active inventory
- 108
- Price-to-rent
- 8.3×
Monthly cashflow live
- Estimated rent
- $2,248 medium interval (Pro) →
- Mortgage (P&I)
- −$1,180
- Tax from tax record
- −$215 /mo · $2,584/yr
- Insurance
- −$94
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$472
- Net cashflow
- $287
Break-even live
Sensitivity live
| Price | -10% $415 | -5% $351 | +0% $287 | +5% $223 | +10% $160 |
|---|---|---|---|---|---|
| Rent | -10% $110 | -5% $198 | +0% $287 | +5% $376 | +10% $465 |
| Rate | -1.0pp $400 | -0.5pp $344 | base $287 | +0.5pp $229 | +1.0pp $170 |
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
- $56,250
- Closing costs
- $6,750
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 2 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 31015 Dorais St Livonia, MI | 3.0 | 1.5 | 1229 | $2,495 | $2.03 | 18d | 1 | 1.11mi |
| 11141 Karen St Livonia, MI | 3.0 | 1.0 | 1322 | $1,950 | $1.48 | 12d | 1 | 1.45mi |
Listing history 18 events
-
2026-05-10status Pending 1751-char remark
Show marketing remark (1751 chars)
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
-
2026-05-10status Pending
Show marketing remark (1751 chars)
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
-
2026-04-30price $225,000 1751-char remark
Show marketing remark (1751 chars)
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
-
2026-04-30price $225,000
Show marketing remark (1751 chars)
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
-
2026-04-18$250,000 Active
Show marketing remark (1751 chars)
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
-
2026-04-18$250,000 Active 1751-char remark
Show marketing remark (1751 chars)
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
-
2026-04-15historical $250,000 1751-char remark
Show marketing remark (1751 chars)
Positioned in a well-established Livonia neighborhood, this expansive brick ranch offers refined single-level living with a rare combination of space, accessibility, and long-term versatility. Set on a generous, fully fenced lot, the home is ideally located near shopping, dining, and everyday conveniences, making it both practical and connected. Inside, the layout unfolds with a sense of openness, highlighted by wide passageways and generously proportioned rooms designed for effortless flow. The living space is anchored by a distinctive double-sided wood-burning fireplace, seamlessly connecting the living room and kitchen - creating a warm architectural focal point that enhances both spaces. The kitchen offers a functional footprint with accessibility in mind, featuring thoughtful design elements that allow for ease of movement and usability. Adjacent dining and living areas provide flexibility for everyday living or entertaining, while additional rooms offer options for bedrooms, home office, or extended living configurations. This true ranch layout eliminates the need for stairs, supporting a simplified lifestyle and appealing to a wide range of buyers - from those seeking accessibility to those looking for long-term convenience. A rear deck extends the living space outdoors, overlooking the fenced backyard - ideal for pets, privacy, or future enhancements. Key mechanicals include a forced-air furnace (2015) and multiple cooling options, including central air and a dedicated wall unit servicing the rear living space. With its solid structure, adaptable layout, and distinctive features, this property presents a compelling opportunity to personalize a well-located home while benefiting from its inherent design advantages.
-
2012-05-04soldstatus $75,000 130-char remark
Show marketing remark (130 chars)
FRESHLY PAINTED THRUOUT DISABLED ACCESSIBLE, WHEELCHAIR RAMPS AND CUSTOM BATH. "AS-IS" SALE, BUYER AGENT TO VERIFY DATA.
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2012-05-04soldstatus $75,000
Show marketing remark (130 chars)
FRESHLY PAINTED THRUOUT DISABLED ACCESSIBLE, WHEELCHAIR RAMPS AND CUSTOM BATH. "AS-IS" SALE, BUYER AGENT TO VERIFY DATA.
-
2012-03-02historical 130-char remark
Show marketing remark (130 chars)
FRESHLY PAINTED THRUOUT DISABLED ACCESSIBLE, WHEELCHAIR RAMPS AND CUSTOM BATH. "AS-IS" SALE, BUYER AGENT TO VERIFY DATA.
-
2012-03-02historical
Show marketing remark (130 chars)
FRESHLY PAINTED THRUOUT DISABLED ACCESSIBLE, WHEELCHAIR RAMPS AND CUSTOM BATH. "AS-IS" SALE, BUYER AGENT TO VERIFY DATA.
-
2012-02-16$79,900 130-char remark
Show marketing remark (130 chars)
FRESHLY PAINTED THRUOUT DISABLED ACCESSIBLE, WHEELCHAIR RAMPS AND CUSTOM BATH. "AS-IS" SALE, BUYER AGENT TO VERIFY DATA.
-
2012-02-16$79,900
Show marketing remark (130 chars)
FRESHLY PAINTED THRUOUT DISABLED ACCESSIBLE, WHEELCHAIR RAMPS AND CUSTOM BATH. "AS-IS" SALE, BUYER AGENT TO VERIFY DATA.
-
2010-05-09historical
-
2009-11-09$85,000
-
2006-05-09soldstatus $190,000
-
2006-03-30soldstatus $190,000
-
2005-12-18$199,900
ⓘ 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
- $2,584 · $215/mo
- Projected year-2 tax
- $3,025 · $252/mo
- Expected delta
- +$440/yr (+$37/mo · 17.0%)
ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $26,980
- − Mortgage interest
- −$12,603
- − Property taxes
- −$2,584
- − Insurance
- −$1,125
- − Repairs & maintenance
- −$2,158
- − Management
- −$2,158
- − Depreciation
- −$6,545
- Taxable loss
- −$195
- Est. tax savings @ 24.0%
- +$47
- After-tax cash flow
- $3,493/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
- Livonia Public Schools School District
- NCES district ID
- 2621840
- Math proficiency
- 46% ▼ -5.00%
- Reading proficiency
- 59% ▬ 0.00%
- Median HH income
- $65,268
- Composite
- 46.27/100
- National rank
- #2480
- State rank
- #77 of 540 in MI
Livability — Livonia
- Score
- 77/100
- State rank
- #116
- US rank
- #2784
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Livonia, MI
- City population
- 56,806
- Population (ZIP)
- 36,915
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 White (85%)
- Race & ethnicity
- White 85% Two or more races 6% Hispanic / Latino 4% Black 4% Asian 2%
- Common ancestry
- Romanian 13% Lithuanian 4% Italian 3%
- Foreign-born
- 6% · Canada
- Languages at home
- 92% English-only · Other Indo-European 3% Arabic 2% Spanish 2%
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
- ▼ -263.93%
- Current HPI
- 192.3426
- Rent YoY
- —
- Metro
- —
- 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
+12.6% since first listed18 events — show timeline
- 2026-05-10 Pending — MiRealSource-MiMLS
- 2026-05-10 Pending — REALCOMP
- 2026-04-30 Price Changed $225,000 MiRealSource-MiMLS
- 2026-04-30 Price Changed $225,000 REALCOMP
- 2026-04-18 Listed $250,000 REALCOMP
- 2026-04-18 Listed $250,000 MiRealSource-MiMLS
- 2026-04-15 Coming Soon $250,000 MiRealSource-MiMLS
- 2012-05-04 Sold (MLS) $75,000 REALCOMP
- 2012-05-04 Sold (MLS) $75,000 MiRealSource-MiMLS
- 2012-03-02 Listing Removed — REALCOMP
- 2012-03-02 Listing Removed — MiRealSource-MiMLS
- 2012-02-16 Listed $79,900 REALCOMP
- 2012-02-16 Listed $79,900 MiRealSource-MiMLS
- 2010-05-09 Listing Removed — REALCOMP
- 2009-11-09 Listed $85,000 REALCOMP
- 2006-05-09 Sold (Public Records) $190,000 Public Records
- 2006-03-30 Sold (MLS) $190,000 REALCOMP
- 2005-12-18 Listed $199,900 REALCOMP
Property tax history
-3.1%/yrLatest (2025): $2,584 · -45.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…