49611 Au Lac Dr Dr E · Chesterfield, MI 48051

$98,900

3 bd · 2.0 ba · 1,216 sqft · SingleFamily · 86 Days on market

Built 2024 Good condition 1.88 ac lot $81/sqft · 62% below area ↓ 18% since listing

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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 +28.6/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

Key facts

• Pond access
• Manufactured home
• Pristine condition

Tags

• POND ACCESS
• MOVE IN READY
• MANUFACTURED HOME
• PRISTINE CONDITION
• SINGLE FAMILY RESIDENCE
• THOUGHTFULLY CONSTRUCTED

🏷️ Possibly a rental listed for sale. The $98,900 price doesn't fit this home's estimated sale value (~$257,241) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $99k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $325 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $93k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• L'Anse Creuse Public Schools (suburban): math 31% / reading 51% proficiency, ranked #184 of 540 in MI (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 140 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 1,321 units permitted in Macomb County in 2024 (86 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Macomb County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $92,966 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 1.29% ✓
• Cap rate: 10.23%
• Cash-on-cash: 14.07%
• DSCR: 1.63
• GRM: 6.5

CMA / ARV

• ARV (median comp): $257,241
• List price: $98,900
• Delta: -61.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
49939 Fairchild Rd	0.14mi	3/2.0	1,198 (-2%)	4mo	$319,000	$266	88
49100 Fairchild Rd	0.51mi	3/1.5	1,126 (-7%)	1mo	$190,000	$169	60
25430 22 Mile Rd	0.51mi	4/1.0 (+1)	1,260 (+4%)	3mo	$250,000	$198	59
25172 22 Mile Rd	0.49mi	3/1.0	1,080 (-11%)	7mo	$239,900	$222	49
25150 23 Mile Rd	0.52mi	3/1.5	1,316 (+8%)	21mo	$272,000	$207	43
49431 Fuller Rd	0.75mi	3/1.0	1,092 (-10%)	8mo	$229,900	$211	38
49451 Fuller Road Rd	0.75mi	3/1.0	1,092 (-10%)	23mo	$210,000	$192	25

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

5-year hold

• IRR: 4.4%
• Equity multiple: 1.17×
• Total profit: $4,674
• Equity at exit: $14,746

10-year hold

• IRR: 13.9%
• Equity multiple: 2.11×
• Total profit: $30,778
• Equity at exit: $8,551

Cash invested: $27,692 (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 48051

• Home prices YoY: -31.8%
• Active inventory: 140
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,276 medium
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,484/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $325

Break-even live

Break-even rent $865

Max offer price $98,900

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: $24,725
• Closing costs: $2,967
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
49645 Au Lac Dr E New Baltimore, MI	3.0–4.0	2.0	1376	$1,199	$0.87	2d	1	0.09mi
23241 Yarrow Ave Macomb, MI	2.0	2.0	1294	$2,062	$1.59	2d	5	1.11mi
49330 Carlos St New Baltimore, MI	1.0–2.0	1.0–2.0	715	$945	$1.32	2d	1	1.13mi
25923 New Forest Ct #19 Chesterfield, MI	2.0	2.0	1150	$1,500	$1.30	2d	1	1.14mi

Listing history 22 events

1. 2026-06-18
   days on market $98,900 Active 86 DOM
2. 2026-06-17
   days on market $98,900 Active 85 DOM
3. 2026-06-16
   days on market $98,900 Active 84 DOM
4. 2026-06-15
   days on market $98,900 Active 83 DOM
5. 2026-06-13
   days on market $98,900 Active 81 DOM
6. 2026-06-13
   days on market $98,900 Active 80 DOM
7. 2026-06-09
   days on market $98,900 Active 77 DOM
8. 2026-06-08
   days on market $98,900 Active 76 DOM
9. 2026-06-07
   days on market $98,900 Active 75 DOM
10. 2026-06-04
    days on market $98,900 Active 72 DOM
11. 2026-06-03
    days on market $98,900 Active 71 DOM
12. 2026-06-02
    days on market $98,900 Active 70 DOM
13. 2026-06-01
    days on market $98,900 Active 69 DOM
14. 2026-05-31
    days on market $98,900 Active 68 DOM
15. 2026-05-09
    price $98,900 1543-char remark

    Show marketing remark (1543 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

16. 2026-05-08
    price $98,900 1546-char remark

    Show marketing remark (1546 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

17. 2026-04-21
    price $109,900 1543-char remark

    Show marketing remark (1546 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

18. 2026-04-21
    price $109,900 1546-char remark

    Show marketing remark (1546 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

19. 2026-04-06
    price $115,000 1543-char remark

    Show marketing remark (1546 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

20. 2026-04-06
    price $115,000 1546-char remark

    Show marketing remark (1546 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

21. 2026-03-20
    listed $119,900 Active 1543-char remark

    Show marketing remark (1546 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

22. 2026-03-20
    listed $119,900 Active 1546-char remark

    Show marketing remark (1546 chars)

    Welcome home to this 2024 manufactured home in sought-after Macomb Township! Featuring 3 bedrooms, 2 full baths, and approximately 1,216 square feet, this move-in-ready home combines modern style, comfortable living, and everyday convenience. This single family residence presents an exceptional opportunity for contemporary living, having been thoughtfully constructed in 2024. Its pristine condition offers an unblemished canvas, ready to become a personalized sanctuary from the moment of occupancy. Rarely available, this is one of the only newer-model homes in the community with pond access, making it a standout opportunity for buyers seeking both comfort and lifestyle. The inherent freshness ensures immediate comfort and convenience, providing a setting where personal style can truly flourish without compromise. Within, three thoughtfully designed bedrooms present distinct spaces for repose and personal endeavor, each offering a tranquil haven for quiet contemplation or productive pursuits, thereby accommodating diverse requirements for privacy and comfort. Conveniently located near shopping, dining, and everyday amenities. Lot rent is approximately $748 per month; buyer to verify all information with park. All residents must be approved by the park following an accepted offer. Contact Fairchild Lake at [phone] for community details, approval requirements, and verification of lot rent. Mobile-home-specific financing may be available for qualified buyers. Great opportunity for owner-occupants or investors alike.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $15,314
• − Mortgage interest: −$5,540
• − Property taxes: −$1,484
• − Insurance: −$494
• − Repairs & maintenance: −$1,225
• − Management: −$1,225
• − Depreciation: −$2,877
• Taxable income: $2,469
• Est. tax owed @ 24.0%: −$593
• After-tax cash flow: $3,304/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This move-in-ready 2024 manufactured home in Macomb Township offers a pristine condition and modern style, making it an excellent opportunity for contemporary living.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace front porch railings — Improves safety and aesthetics
• Both Install new outdoor lighting — Enhances safety and curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace front porch railings — Improves safety and aesthetics ↑
• Both Install new outdoor lighting — Enhances safety and curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: L'Anse Creuse Public Schools
• NCES district ID: 2621870
• Math proficiency: 31% ▼ -8.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $57,757
• Composite: 35.99/100
• National rank: #4790
• State rank: #184 of 540 in MI

Livability — Chesterfield

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• City population: 40,302
• Population (ZIP): 17,716

Population outlook (Macomb County) Hauer SSP2

• Today (2025): 925,296 people
• By 2030: 948,226 · +2.5%
• By 2040: 983,961 · +6.3%
• By 2050: 1,010,200 · +9.2%
• By 2075: 1,076,222 · +16.3%
• By 2100: 1,077,065 · +16.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 8% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Romanian 18% Lithuanian 5% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Macomb

• 2024 margin: R (+13.7) · D 42.2% · R 55.9% · Other 1.9%
• 2008→2024 swing: -22.3pp toward R · 2008: 8.6pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+8.1 2016: R+11.6 2012: D+4.0 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.06%
• Current HPI: 210.6017
• 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

-17.5% since first listed

8 events — show timeline

• 2026-05-09 Price Changed $98,900 MiRealSource-MiMLS
• 2026-05-08 Price Changed $98,900 REALCOMP
• 2026-04-21 Price Changed $109,900 MiRealSource-MiMLS
• 2026-04-21 Price Changed $109,900 REALCOMP
• 2026-04-06 Price Changed $115,000 MiRealSource-MiMLS
• 2026-04-06 Price Changed $115,000 REALCOMP
• 2026-03-20 Listed $119,900 REALCOMP
• 2026-03-20 Listed $119,900 MiRealSource-MiMLS