CashFlowRE
Sign in Sign up
39887 Village Wood Ln
D Composite 42.74
Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +10.9/30.0
  • ARV discount +7.5/15.0
  • Schools +6.5/10.0
  • 1% rule +5.0/10.0
  • Livability +4.3/5.0
  • DSCR +3.2/10.0
  • Rent growth +2.9/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$174,500

39887 Village Wood Ln · Novi, MI 48375
2 bd · 1.0 ba · 835 sqft · Condo · 39 Days on market
Built 1977 $350/mo HOA · 20% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to this affordable, updated, move-in ready, 2-bedroom condo. This turnkey property offers a seamless transition into a community in the City of Novi, known for its excellent, award-winning schools and friendly, lively atmosphere. Brand-new plush carpeting and fresh professional painting throughout the entire home. Large windows in the living room and both bedrooms flood the space with light. From the fresh finishes to the functional layout, it's the perfect blend of quality and affordability, providing worry-free living in a prime location. The private entrance area includes your own, quiet and secluded garden patio. This outdoor space is perfect for morning coffee, weekend gardening, and a cozy, peaceful space to read and relax. Living in the Lakewoode Parkhomes community gives you proprietary access to premium lifestyle features just steps from your door: a friendly clubhouse meeting space, a sparkling in-ground pool, the community park, offering scenic walking paths, ponds, and open space for recreation. This community is just minutes from major highways, freeways, and Detroit Metropolitan Airport (28 -30 minutes). Great shopping (and movies!) at both Laurel Park and Twelve Oaks malls. About an 8-minute drive into the quaint and beautiful downtown area of Northville. If you feel like golfing, cycling, or fishing, you can do that at one of the area's many golf courses and public parks. Other features: One assigned space for your car, as well as a number of spaces in the same area that are often available for your use. Storage area off your front patio. Brand new electrical panel;

Key facts

  • $350 HOA
  • Community pool
  • Built 1977

Property features AI

Finance

  • Other: Pets allowed
  • HOA & community: Homeowners association with monthly fee of $350; HOA covers water, trash, snow removal, grounds and structure maintenance

Exterior

  • Parking: No garage
  • Utilities: Public water; Public sewer; Cable available
  • Home design: Condominium; Residential property; One level; Ground-level entry
  • Construction: Brick and vinyl siding exterior; Brick/mortar foundation; Built with above-grade finished living area
  • Exterior features: Private entrance; Outdoor lighting; Tennis court(s) (community); Patio; Porch; Community pool; Clubhouse

Interior

  • Kitchen: Dishwasher; Disposal
  • Bathrooms: 1 full bathroom
  • Heating & cooling: Central air; Ceiling fan(s); Forced air heating; Natural gas heating
  • Interior features: Dishwasher; Disposal; Gas water heater; Crawl space
  • Laundry & utility: Dryer

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath condo listed at $174k.

Deal economics

  • At list price, monthly cash flow is $-77 ($-925/yr) — negative.
  • To cash-flow at today's rent, offer at most $161k (7.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (0.5% below list).
  • Recommended offer: $161k (7.8% below list) — sets the bar for cash-flow.
  • Cap rate 5.8% vs local median 2.7% in Novi — 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 86/100 on livability (#20 in MI, #377 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: commute F.
  • Novi Community School District (urban): math 73% / reading 72% proficiency, ranked #7 of 540 in MI (top 1%) — strong family-tenant draw, lease renewals of 3-5y typical; only 7% free/reduced lunch — higher-income household profile.
  • Zoned schools: Village Oaks Elementary School (math 72% / reading 62%, grade B+, #105 of 1,397 statewide, top 9%, 538 students, 19% FRL); Novi High School (math 75% / reading 83%, grade A-, #8 of 713 statewide, top 1%, 2,101 students, 11% FRL).
  • Market conditions: Rents rising (+1.7%/yr); 143 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
  • Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

  • It's been on market 39 days — a 3% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 11y 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 $925; list at $174k implies a 18765% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: HOA is 20% of rent.
Recommended offer $160,884 (7.8% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
  3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. Schools are A-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?
  8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  9. 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.
  10. 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.
  11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.00%
Cap rate
5.76%
Cash-on-cash
-1.89%
DSCR
0.92
GRM
8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.68% rent growth · sell at horizon

5-year hold
IRR
-21.1%
Equity multiple
0.28×
Total profit
$-35,287
Equity at exit
$26,019
10-year hold
IRR
-18.4%
Equity multiple
0.07×
Total profit
$-45,432
Equity at exit
$15,088

Cash invested: $48,860 (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.

ZIP-level market 48375

Rents YoY
1.7%
Active inventory
143
Price-to-rent
8.4×

Monthly cashflow live

Estimated rent
$1,737 high interval (Pro) →
Mortgage (P&I)
$915
Tax from tax record
$111 /mo · $1,335/yr
Insurance
$73
HOA
$350
Vacancy / Maint / Mgmt
$365
Net cashflow
$-77

Break-even live

Break-even rent $1,834
Max offer price $160,884
Occupancy floor 99%

Sensitivity live

Price -10% $22 -5% $-28 +0% $-77 +5% $-126 +10% $-176
Rent -10% $-214 -5% $-146 +0% $-77 +5% $-8 +10% $60
Rate -1.0pp $11 -0.5pp $-33 base $-77 +0.5pp $-122 +1.0pp $-168

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
$43,625
Closing costs
$5,235
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 7 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
22659 Woolsey Dr Unit 22659 Novi, MI 3.0 1.0 1025 $1,850 $1.80 19d 1 0.24mi
23672 N Rockledge Novi, MI 2.0 1.0 970 $1,695 $1.75 14d 1 0.27mi
23737 Stonehenge Blvd Novi, MI 2.0 1.0 936 $1,900 $2.03 19d 1 0.36mi
24651 Olde Orchard St Novi, MI 2.0 2.5 1096 $1,795 $1.64 6d 1 0.75mi
23640 Chipmunk Trl Novi, MI 1.0–3.0 1.0–1.5 876 $1,589 $1.81 1d 4 1.26mi
23140 Halsted Rd Farmington Hills, MI 1.0–2.0 1.0–2.0 1090 $1,906 $1.75 3d 1 1.28mi
24360 Independence Dr Farmington Hills, MI 1.0–3.0 1.0–2.0 967 $1,682 $1.74 0d 118 1.49mi

HOA detail condo

Monthly dues
$350 · $4,200/yr
Likely covers
electricpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 25 events

  1. 2026-06-21
    days on market $174,500 Active 39 DOM
  2. 2026-06-18
    days on market $174,500 Active 36 DOM
  3. 2026-06-17
    days on market $174,500 Active 35 DOM
  4. 2026-06-16
    days on market $174,500 Active 34 DOM
  5. 2026-06-15
    days on market $174,500 Active 33 DOM
  6. 2026-06-13
    days on market $174,500 Active 31 DOM
  7. 2026-06-13
    days on market $174,500 Active 30 DOM
  8. 2026-06-09
    days on market $174,500 Active 27 DOM
  9. 2026-06-08
    days on market $174,500 Active 26 DOM
  10. 2026-06-07
    days on market $174,500 Active 25 DOM
  11. 2026-06-04
    days on market $174,500 Active 22 DOM
  12. 2026-06-03
    days on market $174,500 Active 21 DOM
  13. 2026-06-02
    days on market $174,500 Active 20 DOM
  14. 2026-06-01
    days on market $174,500 Active 19 DOM
  15. 2026-05-31
    days on market $174,500 Active 18 DOM
  16. 2026-05-14
    listed $174,500 Active 1616-char remark
    Show marketing remark (1616 chars)

    Welcome to this affordable, updated, move-in ready, 2-bedroom condo. This turnkey property offers a seamless transition into a community in the City of Novi, known for its excellent, award-winning schools and friendly, lively atmosphere. Brand-new plush carpeting and fresh professional painting throughout the entire home. Large windows in the living room and both bedrooms flood the space with light. From the fresh finishes to the functional layout, it's the perfect blend of quality and affordability, providing worry-free living in a prime location. The private entrance area includes your own, quiet and secluded garden patio. This outdoor space is perfect for morning coffee, weekend gardening, and a cozy, peaceful space to read and relax. Living in the Lakewoode Parkhomes community gives you proprietary access to premium lifestyle features just steps from your door: a friendly clubhouse meeting space, a sparkling in-ground pool, the community park, offering scenic walking paths, ponds, and open space for recreation. This community is just minutes from major highways, freeways, and Detroit Metropolitan Airport (28 -30 minutes). Great shopping (and movies!) at both Laurel Park and Twelve Oaks malls. About an 8-minute drive into the quaint and beautiful downtown area of Northville. If you feel like golfing, cycling, or fishing, you can do that at one of the area's many golf courses and public parks. Other features: One assigned space for your car, as well as a number of spaces in the same area that are often available for your use. Storage area off your front patio. Brand new electrical panel;

  17. 2026-05-14
    listed $174,500 Active
    Show marketing remark (1616 chars)

    Welcome to this affordable, updated, move-in ready, 2-bedroom condo. This turnkey property offers a seamless transition into a community in the City of Novi, known for its excellent, award-winning schools and friendly, lively atmosphere. Brand-new plush carpeting and fresh professional painting throughout the entire home. Large windows in the living room and both bedrooms flood the space with light. From the fresh finishes to the functional layout, it's the perfect blend of quality and affordability, providing worry-free living in a prime location. The private entrance area includes your own, quiet and secluded garden patio. This outdoor space is perfect for morning coffee, weekend gardening, and a cozy, peaceful space to read and relax. Living in the Lakewoode Parkhomes community gives you proprietary access to premium lifestyle features just steps from your door: a friendly clubhouse meeting space, a sparkling in-ground pool, the community park, offering scenic walking paths, ponds, and open space for recreation. This community is just minutes from major highways, freeways, and Detroit Metropolitan Airport (28 -30 minutes). Great shopping (and movies!) at both Laurel Park and Twelve Oaks malls. About an 8-minute drive into the quaint and beautiful downtown area of Northville. If you feel like golfing, cycling, or fishing, you can do that at one of the area's many golf courses and public parks. Other features: One assigned space for your car, as well as a number of spaces in the same area that are often available for your use. Storage area off your front patio. Brand new electrical panel;

  18. 2026-05-12
    price $174,500 1616-char remark
    Show marketing remark (1616 chars)

    Welcome to this affordable, updated, move-in ready, 2-bedroom condo. This turnkey property offers a seamless transition into a community in the City of Novi, known for its excellent, award-winning schools and friendly, lively atmosphere. Brand-new plush carpeting and fresh professional painting throughout the entire home. Large windows in the living room and both bedrooms flood the space with light. From the fresh finishes to the functional layout, it's the perfect blend of quality and affordability, providing worry-free living in a prime location. The private entrance area includes your own, quiet and secluded garden patio. This outdoor space is perfect for morning coffee, weekend gardening, and a cozy, peaceful space to read and relax. Living in the Lakewoode Parkhomes community gives you proprietary access to premium lifestyle features just steps from your door: a friendly clubhouse meeting space, a sparkling in-ground pool, the community park, offering scenic walking paths, ponds, and open space for recreation. This community is just minutes from major highways, freeways, and Detroit Metropolitan Airport (28 -30 minutes). Great shopping (and movies!) at both Laurel Park and Twelve Oaks malls. About an 8-minute drive into the quaint and beautiful downtown area of Northville. If you feel like golfing, cycling, or fishing, you can do that at one of the area's many golf courses and public parks. Other features: One assigned space for your car, as well as a number of spaces in the same area that are often available for your use. Storage area off your front patio. Brand new electrical panel;

  19. 2026-05-11
    price $174,500
    Show marketing remark (1616 chars)

    Welcome to this affordable, updated, move-in ready, 2-bedroom condo. This turnkey property offers a seamless transition into a community in the City of Novi, known for its excellent, award-winning schools and friendly, lively atmosphere. Brand-new plush carpeting and fresh professional painting throughout the entire home. Large windows in the living room and both bedrooms flood the space with light. From the fresh finishes to the functional layout, it's the perfect blend of quality and affordability, providing worry-free living in a prime location. The private entrance area includes your own, quiet and secluded garden patio. This outdoor space is perfect for morning coffee, weekend gardening, and a cozy, peaceful space to read and relax. Living in the Lakewoode Parkhomes community gives you proprietary access to premium lifestyle features just steps from your door: a friendly clubhouse meeting space, a sparkling in-ground pool, the community park, offering scenic walking paths, ponds, and open space for recreation. This community is just minutes from major highways, freeways, and Detroit Metropolitan Airport (28 -30 minutes). Great shopping (and movies!) at both Laurel Park and Twelve Oaks malls. About an 8-minute drive into the quaint and beautiful downtown area of Northville. If you feel like golfing, cycling, or fishing, you can do that at one of the area's many golf courses and public parks. Other features: One assigned space for your car, as well as a number of spaces in the same area that are often available for your use. Storage area off your front patio. Brand new electrical panel;

  20. 2026-05-11
    historical $168,500 1616-char remark
    Show marketing remark (1616 chars)

    Welcome to this affordable, updated, move-in ready, 2-bedroom condo. This turnkey property offers a seamless transition into a community in the City of Novi, known for its excellent, award-winning schools and friendly, lively atmosphere. Brand-new plush carpeting and fresh professional painting throughout the entire home. Large windows in the living room and both bedrooms flood the space with light. From the fresh finishes to the functional layout, it's the perfect blend of quality and affordability, providing worry-free living in a prime location. The private entrance area includes your own, quiet and secluded garden patio. This outdoor space is perfect for morning coffee, weekend gardening, and a cozy, peaceful space to read and relax. Living in the Lakewoode Parkhomes community gives you proprietary access to premium lifestyle features just steps from your door: a friendly clubhouse meeting space, a sparkling in-ground pool, the community park, offering scenic walking paths, ponds, and open space for recreation. This community is just minutes from major highways, freeways, and Detroit Metropolitan Airport (28 -30 minutes). Great shopping (and movies!) at both Laurel Park and Twelve Oaks malls. About an 8-minute drive into the quaint and beautiful downtown area of Northville. If you feel like golfing, cycling, or fishing, you can do that at one of the area's many golf courses and public parks. Other features: One assigned space for your car, as well as a number of spaces in the same area that are often available for your use. Storage area off your front patio. Brand new electrical panel;

  21. 2015-07-10
    soldstatus $925 334-char remark
    Show marketing remark (334 chars)

    EASY ACCESS LOCATION, ACROSS FROM PARK & POOL, PARK SEVERAL STEPS FROM FRONT DOOR. ONE BLOCK FROM LAKE. OPEN FRONT LAWN WITH ROOM FOR GARDEN. NEUTRAL CARPET, UPDATED KITCHEN & BATH. LIKE NEW INSIDE! COZY & SECURE. NON-SMOKING ONLY, NO PETS. 1.5 MONTH SECURITY DEP. , 200 CLEANING FEE, CREDIT REPORT, PROOF OF INCOME.

  22. 2015-06-19
    historical 334-char remark
    Show marketing remark (334 chars)

    EASY ACCESS LOCATION, ACROSS FROM PARK & POOL, PARK SEVERAL STEPS FROM FRONT DOOR. ONE BLOCK FROM LAKE. OPEN FRONT LAWN WITH ROOM FOR GARDEN. NEUTRAL CARPET, UPDATED KITCHEN & BATH. LIKE NEW INSIDE! COZY & SECURE. NON-SMOKING ONLY, NO PETS. 1.5 MONTH SECURITY DEP. , 200 CLEANING FEE, CREDIT REPORT, PROOF OF INCOME.

  23. 2015-06-08
    listed $975 334-char remark
    Show marketing remark (334 chars)

    EASY ACCESS LOCATION, ACROSS FROM PARK & POOL, PARK SEVERAL STEPS FROM FRONT DOOR. ONE BLOCK FROM LAKE. OPEN FRONT LAWN WITH ROOM FOR GARDEN. NEUTRAL CARPET, UPDATED KITCHEN & BATH. LIKE NEW INSIDE! COZY & SECURE. NON-SMOKING ONLY, NO PETS. 1.5 MONTH SECURITY DEP. , 200 CLEANING FEE, CREDIT REPORT, PROOF OF INCOME.

  24. 1993-08-12
    soldstatus $63,000
  25. 1989-03-01
    soldstatus $61,500

ⓘ 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
$1,335 · $111/mo
Projected year-2 tax
$2,011 · $168/mo
Expected delta
+$676/yr (+$56/mo · 50.7%)

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 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
$20,840
− Mortgage interest
−$9,775
− Property taxes
−$1,335
− Insurance
−$872
− Repairs & maintenance
−$1,667
− Management
−$1,667
− HOA
−$4,200
− Depreciation
−$5,076
Taxable loss
−$3,753
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$901
After-tax cash flow
$-24/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
Novi Community School District
NCES district ID
2626130
Math proficiency
73% ▼ -3.00%
Reading proficiency
72% ▼ -1.00%
Median HH income
$90,023
Composite
65.28/100
National rank
#489
State rank
#7 of 540 in MI

Livability — Novi

Score
86/100
State rank
#20
US rank
#377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Novi, MI
County
Oakland County · 1,009,092 people
City population
43,845
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
24,029
Household income
$112,545
Rent vs Own
29.9% rent · 70.1% own
Severe rent burden
517.0

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 0.60)
Race & ethnicity
White 56% Asian 27% Two or more races 7% Black 6% Hispanic / Latino 5%
Hispanic origin (detail)
Mexican 4%
Common ancestry
Romanian 10% Lithuanian 3% Slovak 2%
Foreign-born
29% · China, Canada, South Korea
Languages at home
67% English-only · Other Asian/Pacific 12% Other Indo-European 8% Spanish 4%

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
▼ -337.82%
Current HPI
166.0153
Rent YoY
▲ 1.68%
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

Price history

+183.7% since first listed
10 events — show timeline
  • 2026-05-14 Listed $174,500 MiRealSource-MiMLS
  • 2026-05-14 Listed $174,500 REALCOMP
  • 2026-05-12 Price Changed $174,500 MiRealSource-MiMLS
  • 2026-05-11 Price Changed $174,500 REALCOMP
  • 2026-05-11 Coming Soon $168,500 MiRealSource-MiMLS
  • 2015-07-10 Sold (MLS) $925 MiRealSource-MiMLS
  • 2015-06-19 Listing Removed MiRealSource-MiMLS
  • 2015-06-08 Listed $975 MiRealSource-MiMLS
  • 1993-08-12 Sold (Public Records) $63,000 Public Records
  • 1989-03-01 Sold (Public Records) $61,500 Public Records

Property tax history

+2.4%/yr

Latest (2025): $1,335 · +3.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…