22921 Rosewood St · Oak Park, MI 48237

$117,500

2 bd · 1.0 ba · 828 sqft · SingleFamily public records · 3 Days on market

Built 1953 5,227 sqft lot Est $166k · 29% 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 +27.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +6.8/10.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this charming, affordable ranch! This property offers a unique opportunity to embrace comfortable living in a well-established community. This inviting home features two comfortable bedrooms, providing ample personal space. Each room offers a peaceful retreat for rest and relaxation. Imagine the possibilities that await you in this delightful Oak Park home.

Key facts

• 5,227 sq ft lot
• Built 1953
• Listed 3 days

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: Driveway; no garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Ground-level entry with steps
• Construction: Stone, vinyl siding and wood siding exterior; Slab foundation; Built above grade (approx. 825 finished square feet)
• Exterior features: Paved road access; Lot dimensions approximately 60 x 90 (0.12 acre)

Interior

• Bedrooms: Total of 2 rooms (includes living spaces and bedrooms)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced-air heating with natural gas; No central cooling
• Interior features: Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).
• Cap rate 9.9% vs local median 4.9% in Oak Park — 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 83/100 on livability (#41 in MI, #888 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, employment D+, crime D.
• Oak Park School District (suburban): math 5% / reading 15% proficiency, ranked #521 of 540 in MI (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.7%/yr); 80 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $812 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 2.7% rent growth), your $33k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 17 sale attempts since 22y 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 $118k implies a 1369% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $117,500

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. Crime grade is D 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?
4. 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.
5. 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.
6. 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: 1.18% ✓
• Cap rate: 9.88%
• Cash-on-cash: 12.81%
• DSCR: 1.57
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $165,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10111 Troy St	0.08mi	2/1.0	829 (+0%)	2mo	$149,999	$181	95
10101 Albany St	0.18mi	2/1.0	827 (-0%)	2mo	$150,000	$181	90
10111 Corning St	0.11mi	2/1.0	825 (-0%)	6mo	$115,000	$139	89
22821 Manistee St	0.24mi	2/1.0	829 (+0%)	7mo	$115,000	$139	83
10401 Troy St	0.30mi	2/1.0	828 (0%)	6mo	$157,000	$190	81
10320 Troy St	0.24mi	3/1.0 (+1)	827 (-0%)	4mo	$165,000	$200	80
1636 W Troy St	0.36mi	3/1.0 (+1)	829 (+0%)	0mo	$250,000	$302	77
23210 Ithaca St	0.17mi	3/1.0 (+1)	887 (+7%)	4mo	$220,000	$248	72
23066 Ithaca St	0.11mi	3/2.0 (+1)	932 (+13%)	3mo	$230,000	$247	62
22141 Morton St	0.64mi	2/1.0	852 (+3%)	4mo	$149,900	$176	62
861 W Lewiston Ave	0.72mi	2/1.0	914 (+10%)	2mo	$249,900	$273	48
8431 Roseland Ct	0.69mi	3/1.0 (+1)	894 (+8%)	7mo	$220,000	$246	44

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 · 2.71% rent growth · sell at horizon

5-year hold

• IRR: 2.3%
• Equity multiple: 1.09×
• Total profit: $2,902
• Equity at exit: $17,520

10-year hold

• IRR: 11.6%
• Equity multiple: 1.90×
• Total profit: $29,599
• Equity at exit: $10,159

Cash invested: $32,900 (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 48237

• Rents YoY: 2.7%
• Active inventory: 80
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,391 high
• Mortgage (P&I): −$616
• Tax from tax record: −$82 /mo · $988/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $351

Break-even live

Break-even rent $946

Max offer price $117,500

Occupancy floor 70%

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8775 W Nine Mile Rd Oak Park, MI	1.0	1.0	552	$1,295	$2.35	12d	2	0.03mi
10000 W Nine Mile Rd Unit 3 Oak Park, MI	2.0	1.0	900	$1,000	$1.11	43d	1	0.04mi
10050 W Nine Mile Rd Unit 18 Oak Park, MI	2.0	1.0	900	$1,000	$1.11	5d	1	0.06mi
10020 Corning St Oak Park, MI	2.0	1.0	829	$1,400	$1.69	24d	1	0.10mi
22811 Rosewood St Oak Park, MI	3.0	1.0	1000	$1,600	$1.60	24d	1	0.10mi
10400 Saratoga St Oak Park, MI	2.0	1.0	829	$1,450	$1.75	5d	1	0.31mi
23511 Majestic St Oak Park, MI	3.0	1.0	1100	$1,750	$1.59	24d	1	0.37mi
1491 W Nine Mile Rd Unit 9 Ferndale, MI	2.0	1.0	900	$1,350	$1.50	43d	1	0.39mi
21374 Ithaca Ave Ferndale, MI	3.0	1.0	996	$1,775	$1.78	24d	1	0.58mi
1260 W Nine Mile Rd Unit 13 Ferndale, MI	2.0	1.0	1000	$1,399	$1.40	15d	1	0.58mi
12800 W 9 Mile Rd Oak Park, MI	1.0–2.0	1.0	775	$1,250	$1.61	24d	1	0.61mi
22148 Dante St #211 Oak Park, MI	2.0	2.0	916	$1,475	$1.61	18d	1	0.86mi
22148 Dante St #211 Oak Park, MI	2.0	1.0	916	$1,475	$1.61	24d	1	0.86mi
22148 Dante St #212 Oak Park, MI	2.0	2.0	916	$1,475	$1.61	22d	1	0.86mi
22108 Dante St #115 Oak Park, MI	2.0	2.0	898	$1,250	$1.39	24d	1	0.87mi
22108 Dante St Oak Park, MI	2.0	1.0	898	$1,250	$1.39	24d	1	0.92mi
21880 Coolidge Hwy #203 Oak Park, MI	2.0	1.0	938	$1,300	$1.39	24d	1	1.03mi
21860 Coolidge Hwy #107 Oak Park, MI	1.0	1.0	700	$1,100	$1.57	24d	1	1.03mi
21850 Coolidge Hwy #203 Oak Park, MI	3.0	2.0	1100	$1,700	$1.55	5d	1	1.03mi
21800 Coolidge Hwy Oak Park, MI	1.0–2.0	1.0	938	$1,300	$1.39	24d	3	1.05mi
20515 Ilene St Detroit, MI	3.0	1.0	891	$1,450	$1.63	43d	1	1.05mi
578 Kensington Ave Ferndale, MI	2.0	1.0	860	$1,600	$1.86	5d	1	1.10mi
20458 Indiana St Detroit, MI	3.0	1.0	1049	$1,300	$1.24	18d	1	1.10mi
20460 Griggs St Detroit, MI	2.0	1.0	910	$1,100	$1.21	17d	1	1.10mi
20445 Kentucky St Detroit, MI	3.0	1.0	1046	$1,200	$1.15	24d	1	1.11mi
695 Livernois St Unit 2 Ferndale, MI	2.0	1.0	950	$2,350	$2.47	4d	1	1.12mi
695 Livernois St Unit 3 Ferndale, MI	1.0	1.0	830	$2,150	$2.59	12d	1	1.12mi
430 W 9 Mile Rd Ferndale, MI	1.0–2.0	1.0–2.0	754	$2,827	$3.75	1d	3	1.14mi
415 W Nine Mile Rd Ferndale, MI	1.0	1.0	912	$2,500	$2.74	18d	1	1.15mi
413 W Nine Mile Rd Ste B Ferndale, MI	1.0	1.0	897	$1,850	$2.06	18d	1	1.15mi
510 Stratford Rd Ferndale, MI	2.0	1.0	965	$1,750	$1.81	43d	1	1.18mi
20429 Monte Vista St Detroit, MI	3.0	1.0	872	$1,300	$1.49	17d	1	1.19mi
13600 Kenwood St Oak Park, MI	1.0–2.0	1.0	770	$1,649	$2.14	2d	26	1.20mi
851 Gardendale St Ferndale, MI	2.0	1.0	933	$1,625	$1.74	24d	1	1.21mi
20185 Indiana St Detroit, MI	2.0	1.5	1096	$1,275	$1.16	43d	1	1.23mi
20245 Manor Detroit, MI	3.0	1.0	1018	$1,400	$1.38	2d	1	1.26mi
14051 W Nine Mile Rd Oak Park, MI	2.0	1.0	900	$1,100	$1.22	24d	1	1.29mi
226 Withington St Apt 10 Ferndale, MI	1.0	1.0	800	$1,325	$1.66	18d	1	1.29mi
20110 Northlawn St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	17d	1	1.35mi
150 E Woodland St Unit 1 Ferndale, MI	1.0	1.0	700	$1,600	$2.29	43d	1	1.35mi

Listing history 36 events

1. 2026-05-23
   historical $1,250

   Show marketing remark (368 chars)

   Discover this charming, affordable ranch! This property offers a unique opportunity to embrace comfortable living in a well-established community. This inviting home features two comfortable bedrooms, providing ample personal space. Each room offers a peaceful retreat for rest and relaxation. Imagine the possibilities that await you in this delightful Oak Park home.

2. 2026-05-23
   status Pending

   Show marketing remark (368 chars)

   Discover this charming, affordable ranch! This property offers a unique opportunity to embrace comfortable living in a well-established community. This inviting home features two comfortable bedrooms, providing ample personal space. Each room offers a peaceful retreat for rest and relaxation. Imagine the possibilities that await you in this delightful Oak Park home.

3. 2026-05-23
   status Pending 368-char remark

   Show marketing remark (368 chars)

   Discover this charming, affordable ranch! This property offers a unique opportunity to embrace comfortable living in a well-established community. This inviting home features two comfortable bedrooms, providing ample personal space. Each room offers a peaceful retreat for rest and relaxation. Imagine the possibilities that await you in this delightful Oak Park home.

4. 2026-05-20
   listed $117,500 Active

   Show marketing remark (368 chars)

   Discover this charming, affordable ranch! This property offers a unique opportunity to embrace comfortable living in a well-established community. This inviting home features two comfortable bedrooms, providing ample personal space. Each room offers a peaceful retreat for rest and relaxation. Imagine the possibilities that await you in this delightful Oak Park home.

5. 2026-05-20
   listed $117,500 Active 368-char remark

   Show marketing remark (368 chars)

   Discover this charming, affordable ranch! This property offers a unique opportunity to embrace comfortable living in a well-established community. This inviting home features two comfortable bedrooms, providing ample personal space. Each room offers a peaceful retreat for rest and relaxation. Imagine the possibilities that await you in this delightful Oak Park home.

6. 2026-04-23
   listed $1,250
7. 2012-10-17
   historical
8. 2012-10-09
   historical
9. 2012-10-04
   listed $52,778
10. 2012-10-04
    listed $52,778
11. 2008-12-17
    soldstatus $8,000
12. 2008-11-19
    listed $15,000
13. 2007-12-31
    historical
14. 2007-12-31
    historical
15. 2007-10-29
    listed $74,900
16. 2007-10-29
    listed $74,900
17. 2007-10-26
    historical
18. 2007-10-26
    historical
19. 2006-11-02
    listed $84,900
20. 2006-10-26
    historical
21. 2006-07-26
    listed $84,900
22. 2006-07-26
    listed $89,900
23. 2006-03-12
    historical
24. 2006-03-11
    historical
25. 2005-12-12
    listed $130,000
26. 2005-12-12
    listed $130,000
27. 2005-10-21
    historical
28. 2005-10-21
    historical
29. 2005-01-21
    listed $94,900
30. 2005-01-21
    listed $94,900
31. 2005-01-17
    historical
32. 2005-01-17
    historical
33. 2004-11-02
    listed $99,500
34. 2004-11-01
    listed $99,500
35. 1999-12-09
    soldstatus $35,000
36. 1999-12-09
    soldstatus $31,500

ⓘ 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: $988 · $82/mo
• Projected year-2 tax: $1,399 · $117/mo
• Expected delta: +$411/yr (+$34/mo · 41.5%)

ⓘ 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 2/10 Low 7 d/yr ≥97°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,688
• − Mortgage interest: −$6,582
• − Property taxes: −$988
• − Insurance: −$588
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$3,418
• Taxable income: $2,442
• Est. tax owed @ 24.0%: −$586
• After-tax cash flow: $3,628/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: Oak Park School District
• NCES district ID: 2626190
• Math proficiency: 5% ▼ -5.00%
• Reading proficiency: 15% ▼ -5.00%
• Median HH income: $46,117
• Composite: 9.21/100
• National rank: #9862
• State rank: #521 of 540 in MI

Livability — Oak Park

• Score: 83/100
• State rank: #41
• US rank: #888

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oak Park, MI
• County: Oakland County · 1,009,092 people
• City population: 29,318
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 29,318
• Household income: $71,510
• Rent vs Own: 36.7% rent · 63.3% own
• Severe rent burden: 960.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Black 53% White 36% Two or more races 6% Asian 3% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Slovak 1%
• Foreign-born: 8% · Vietnam, Canada, South Korea
• Languages at home: 90% English-only · Russian/Polish/Slavic 3% Arabic 1% Vietnamese 1%

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: ▼ -336.34%
• Current HPI: 229.1148
• Rent YoY: ▲ 2.71%
• 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

-96.4% since first listed

36 events — show timeline

• 2026-05-23 Rental Removed $1,250 REALSOURCE
• 2026-05-23 Pending — REALCOMP
• 2026-05-23 Pending — MiRealSource-MiMLS
• 2026-05-20 Listed $117,500 MiRealSource-MiMLS
• 2026-05-20 Listed $117,500 REALCOMP
• 2026-04-23 Listed for Rent $1,250 REALSOURCE
• 2012-10-17 Listing Removed — REALCOMP
• 2012-10-09 Listing Removed — MiRealSource-MiMLS
• 2012-10-04 Listed $52,778 MiRealSource-MiMLS
• 2012-10-04 Listed $52,778 REALCOMP
• 2008-12-17 Sold (MLS) $8,000 REALCOMP
• 2008-11-19 Listed $15,000 REALCOMP
• 2007-12-31 Listing Removed — MiRealSource-MiMLS
• 2007-12-31 Listing Removed — REALCOMP
• 2007-10-29 Listed $74,900 MiRealSource-MiMLS
• 2007-10-29 Listed $74,900 REALCOMP
• 2007-10-26 Listing Removed — REALCOMP
• 2007-10-26 Listing Removed — MiRealSource-MiMLS
• 2006-11-02 Listed $84,900 MiRealSource-MiMLS
• 2006-10-26 Listing Removed — MiRealSource-MiMLS
• 2006-07-26 Listed $89,900 MiRealSource-MiMLS
• 2006-07-26 Listed $84,900 REALCOMP
• 2006-03-12 Listing Removed — REALCOMP
• 2006-03-11 Listing Removed — MiRealSource-MiMLS
• 2005-12-12 Listed $130,000 MiRealSource-MiMLS
• 2005-12-12 Listed $130,000 REALCOMP
• 2005-10-21 Listing Removed — REALCOMP
• 2005-10-21 Listing Removed — MiRealSource-MiMLS
• 2005-01-21 Listed $94,900 REALCOMP
• 2005-01-21 Listed $94,900 MiRealSource-MiMLS
• 2005-01-17 Listing Removed — MiRealSource-MiMLS
• 2005-01-17 Listing Removed — REALCOMP
• 2004-11-02 Listed $99,500 REALCOMP
• 2004-11-01 Listed $99,500 MiRealSource-MiMLS
• 1999-12-09 Sold (Public Records) $31,500 Public Records
• 1999-12-09 Sold (Public Records) $35,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $988 · +4.8% YoY. Source: county tax records.