1053 Garfield Ave · Lincoln Park, MI 48146

$149,900

4 bd · 1.5 ba · 1,386 sqft · SingleFamily public records · 5 Days on market

Built 1927 4,356 sqft lot Est $164k · 8% under ↓ 2% since listing

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Why this score? — see what drove the C grade

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

• Cash flow +22.6/30.0
• ARV discount +11.3/15.0
• DSCR +7.3/10.0
• 1% rule +5.9/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice home in quiet tree-lined Lincoln Park neighborhood. Hardwood floors and plenty of natural light. Efficient kitchen with plenty of storage. Spacious fenced yard for summer barbeques. Partially finished basement has a ton of renovation options. Close to I-75, I-94, Southfield freeway. Minutes away from the Lake! So many good things to enjoy in this property. Make this your home!

Key facts

• Plenty of storage
• Spacious fenced yard
• Renovation options

Tags

• EFFICIENT KITCHEN
• PLENTY OF STORAGE
• SPACIOUS FENCED YARD
• PARTIALLY FINISHED BASEMENT
• RENOVATION OPTIONS
• MINUTES AWAY FROM THE LAKE

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories
• Construction: Brick construction
• Exterior features: Lot approximately 35 x 119 (about 0.1 acre)

Interior

• Kitchen: Oven, Refrigerator, Range
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Oven, Refrigerator, Range; Basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.3% vs local median 6.4% in Lincoln Park — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 80/100 on livability (#82 in MI, #1,720 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D-, crime F, employment D-.
• Lincoln Park School District (suburban): math 15% / reading 32% proficiency, ranked #440 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.7%/yr); 151 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 34% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 8y 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 $50k; list at $150k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.09% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.32%
• DSCR: 1.33
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $163,548
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
864 Cleophus Pkwy	0.28mi	4/2.0	1,414 (+2%)	2mo	$230,000	$163	80
1719 Ferris Ave	0.26mi	3/1.0 (-1)	1,360 (-2%)	4mo	$170,000	$125	74
1417 Lincoln Ave	0.41mi	3/2.0 (-1)	1,368 (-1%)	3mo	$160,000	$117	69
1133 Mill St	0.20mi	3/1.0 (-1)	1,512 (+9%)	1mo	$170,000	$112	68
1214 Lincoln Ave	0.19mi	3/1.5 (-1)	1,230 (-11%)	1mo	$188,000	$153	66
782 Cleveland Ave	0.33mi	3/1.0 (-1)	1,298 (-6%)	3mo	$160,000	$123	64
2933 Fort Park Ave	0.44mi	4/2.5	1,563 (+13%)	1mo	$206,000	$132	53
730 Cleophus Pkwy	0.42mi	3/3.0 (-1)	1,500 (+8%)	4mo	$162,000	$108	53
1060 Capitol Ave	0.45mi	3/1.0 (-1)	1,548 (+12%)	1mo	$95,000	$61	52
1472 Philomene Blvd	0.49mi	3/2.0 (-1)	1,574 (+14%)	0mo	$185,000	$118	47
1519 Fort Park Blvd	0.57mi	4/2.5	1,587 (+14%)	2mo	$137,000	$86	43
1575 Philomene Blvd	0.61mi	3/1.0 (-1)	1,200 (-13%)	3mo	$130,000	$108	40

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-5,203
• Equity at exit: $22,351

10-year hold

• IRR: 8.2%
• Equity multiple: 1.67×
• Total profit: $28,294
• Equity at exit: $12,961

Cash invested: $41,972 (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 48146

• Home prices YoY: -32.7%
• Rents YoY: 4.7%
• Active inventory: 151
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,638 high
• Mortgage (P&I): −$786
• Tax from tax record: −$190 /mo · $2,278/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $256

Break-even live

Break-even rent $1,314

Max offer price $149,900

Occupancy floor 79%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1473 Empire Ave Lincoln Park, MI	3.0	2.0	1342	$1,700	$1.27	2d	1	0.60mi
357 Emmons Blvd Lincoln Park, MI	3.0	1.0	1268	$1,695	$1.34	2d	1	1.06mi
4282 7th St Ecorse, MI	3.0	1.0	1144	$1,250	$1.09	24d	1	1.13mi
3575 S Ethel St Detroit, MI	3.0	1.0	894	$1,350	$1.51	17d	1	1.15mi
4015 16th St Ecorse, MI	3.0	1.5	1170	$1,300	$1.11	24d	1	1.18mi
1774 College Ave Lincoln Park, MI	3.0	1.0	944	$1,525	$1.62	2d	1	1.25mi

Listing history 19 events

1. 2026-04-29
   status Pending

   Show marketing remark (384 chars)

   Nice home in quiet tree-lined Lincoln Park neighborhood. Hardwood floors and plenty of natural light. Efficient kitchen with plenty of storage. Spacious fenced yard for summer barbeques. Partially finished basement has a ton of renovation options. Close to I-75, I-94, Southfield freeway. Minutes away from the Lake! So many good things to enjoy in this property. Make this your home!

2. 2026-04-29
   status Pending 384-char remark

   Show marketing remark (384 chars)

   Nice home in quiet tree-lined Lincoln Park neighborhood. Hardwood floors and plenty of natural light. Efficient kitchen with plenty of storage. Spacious fenced yard for summer barbeques. Partially finished basement has a ton of renovation options. Close to I-75, I-94, Southfield freeway. Minutes away from the Lake! So many good things to enjoy in this property. Make this your home!

3. 2026-04-24
   listed $149,900 Active

   Show marketing remark (384 chars)

   Nice home in quiet tree-lined Lincoln Park neighborhood. Hardwood floors and plenty of natural light. Efficient kitchen with plenty of storage. Spacious fenced yard for summer barbeques. Partially finished basement has a ton of renovation options. Close to I-75, I-94, Southfield freeway. Minutes away from the Lake! So many good things to enjoy in this property. Make this your home!

4. 2026-04-24
   listed $149,900 Active 384-char remark

   Show marketing remark (384 chars)

   Nice home in quiet tree-lined Lincoln Park neighborhood. Hardwood floors and plenty of natural light. Efficient kitchen with plenty of storage. Spacious fenced yard for summer barbeques. Partially finished basement has a ton of renovation options. Close to I-75, I-94, Southfield freeway. Minutes away from the Lake! So many good things to enjoy in this property. Make this your home!

5. 2025-03-04
   historical
6. 2025-03-03
   historical
7. 2025-02-07
   price $159,000
8. 2025-02-06
   price $159,000
9. 2025-01-29
   listed $163,900 Active
10. 2025-01-29
    listed $163,900 Active
11. 2019-09-09
    soldstatus $50,000
12. 2019-09-04
    soldstatus $43,250 Sold
13. 2019-09-04
    soldstatus $43,250 Closed
14. 2018-11-15
    status Pending
15. 2018-11-14
    status Pending
16. 2018-08-14
    price $223,000
17. 2018-08-13
    price $223,000
18. 2018-08-02
    listed $153,000 Active
19. 2018-08-02
    listed $153,000 Active

ⓘ 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: $2,278 · $190/mo
• Projected year-2 tax: $2,293 · $191/mo
• Expected delta: +$15/yr (+$1/mo · 0.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 14% 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 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,660
• − Mortgage interest: −$8,397
• − Property taxes: −$2,278
• − Insurance: −$750
• − Repairs & maintenance: −$1,573
• − Management: −$1,573
• − Depreciation: −$4,361
• Taxable income: $729
• Est. tax owed @ 24.0%: −$175
• After-tax cash flow: $2,896/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: Lincoln Park School District
• NCES district ID: 2621600
• Math proficiency: 15% ▼ -5.00%
• Reading proficiency: 32% ▬ 0.00%
• Median HH income: $41,486
• Composite: 19.93/100
• National rank: #8678
• State rank: #440 of 540 in MI

Livability — Lincoln Park

• Score: 80/100
• State rank: #82
• US rank: #1720

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln Park, MI
• County: Wayne County · 1,562,939 people
• City population: 39,257
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 39,257
• Household income: $58,616
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 1142.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Hispanic / Latino 25% Two or more races 12% Black 9% Native American 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 3%
• Common ancestry: Romanian 6% Lithuanian 4% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 80% English-only · Spanish 17% Arabic 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: ▼ -108.25%
• Current HPI: 222.8545
• Rent YoY: ▲ 4.65%
• 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

-2.0% since first listed

19 events — show timeline

• 2026-04-29 Pending — REALCOMP
• 2026-04-29 Pending — MiRealSource-MiMLS
• 2026-04-24 Listed $149,900 MiRealSource-MiMLS
• 2026-04-24 Listed $149,900 REALCOMP
• 2025-03-04 Listing Removed — REALCOMP
• 2025-03-03 Listing Removed — MiRealSource-MiMLS
• 2025-02-07 Price Changed $159,000 MiRealSource-MiMLS
• 2025-02-06 Price Changed $159,000 REALCOMP
• 2025-01-29 Listed $163,900 REALCOMP
• 2025-01-29 Listed $163,900 MiRealSource-MiMLS
• 2019-09-09 Sold (Public Records) $50,000 Public Records
• 2019-09-04 Sold (MLS) $43,250 MiRealSource-MiMLS
• 2019-09-04 Sold (MLS) $43,250 REALCOMP
• 2018-11-15 Pending — MiRealSource-MiMLS
• 2018-11-14 Pending — REALCOMP
• 2018-08-14 Price Changed $223,000 MiRealSource-MiMLS
• 2018-08-13 Price Changed $223,000 REALCOMP
• 2018-08-02 Listed $153,000 MiRealSource-MiMLS
• 2018-08-02 Listed $153,000 REALCOMP

Property tax history

+4.2%/yr

Latest (2025): $2,278 · -11.5% YoY. Source: county tax records.