8790 Oakside Ave · Wolverine Lake, MI 48382

$315,000

3 bd · 2.0 ba · 1,719 sqft · SingleFamily public records · 30 Days on market

Built 1991 9,148 sqft lot Est $366k · 14% under $2/mo HOA

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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 +18.8/30.0
• ARV discount +13.8/15.0
• DSCR +5.9/10.0
• Schools +5.0/10.0
• 1% rule +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked inside Oakwood Grove Subdivision and just steps from access to all-sports Long Lake plus a 200-acre nature preserve, this updated Cape Cod delivers the ideal blend of outdoor lifestyle, everyday comfort, and functional living space in the highly regarded Walled Lake School District. With over 1,900 sq ft of finished living space, including the beautifully finished basement, this 4-bedroom, 2-bath home offers a flexible layout designed for both entertaining and privacy. The bright, airy kitchen features hardwood flooring, stainless steel appliances, and an open flow into the formal dining room accented by a chandelier and peaceful backyard views. A large living room creates a welcoming central gathering space, while attractive two-tone paint throughout gives the home a clean, modern feel. The first-floor primary/owner's suite provides convenient main-level living, with two spacious upstairs bedrooms offering separation and flexibility for guests, family, or a home office. The finished basement adds valuable additional living space perfect for recreation, media, workouts, or hobbies, along with a large laundry room and abundant storage. Outside, the oversized fenced yard offers room to relax, entertain, or play, while the attached 2-car front-entry garage and asphalt driveway add convenience and curb appeal. Additional highlights include recently remodeled full bathrooms, hardwood flooring, durable dimensional shingles, skylight foyer entry, and a desirable 50x175 lot. Homes with this combination of updates, location, lake access, and move-in-ready condition rarely last - schedule your private showing before this one is gone.

Key facts

• Bright airy kitchen
• Finished basement
• 9,148 sq ft lot

Tags

• ACCESS TO ALL SPORTS LONG LAKE
• 200 ACRE NATURE PRESERVE
• WALLED LAKE SCHOOL DISTRICT
• FINISHED BASEMENT
• BRIGHT AIRY KITCHEN
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Property listed as residential single-family; Subdivision: OAKWOOD GROVE 1; Directions: North of Wise Rd and west of Union Lake Rd
• HOA & community: Homeowners association with $20 annual fee

Exterior

• Parking: Attached garage facing front with 2 garage spaces
• Utilities: Private well water; Septic tank sewer
• Home design: Single-family residence; Two levels; Ground-level entry
• Construction: Brick construction
• Exterior features: Lake privileges on Long Lake; Paved road access; Lot roughly 50 x 175 (about 0.21 acres)

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Finished basement; Total of 9 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $314 ($4k/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 $300k (4.6% below list).
• Recommended offer: $300k (4.6% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 3.3% in Wolverine Lake — 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 73/100 on livability (#204 in MI) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Walled Lake Consolidated Schools (suburban): math 52% / reading 60% proficiency, ranked #58 of 540 in MI (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Zoned schools: Keith Elementary School (math 55% / reading 63%, grade B-, #224 of 1,397 statewide, top 16%, 540 students, 23% FRL); Clifford H Smart Middle School (math 43% / reading 61%, grade C+, #95 of 493 statewide, top 20%, 934 students, 22% FRL); Walled Lake Northern High School (math 59% / reading 78%, grade B, #41 of 713 statewide, top 6%, 1,485 students, 19% FRL) — zoned schools at 21% FRL track the district average.
• Market conditions: 179 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $2k of loan paydown is wiped out by about $9k 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 30 days — a 2% lower offer ($310k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 27y 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 $195k; list at $315k implies a 62% gain — meaningful room to come down on a strong offer.

Recommended offer $300,417 (4.6% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 0.95% ✗
• Cap rate: 7.49%
• Cash-on-cash: 4.28%
• DSCR: 1.19
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $366,147
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8915 Gittins St	0.20mi	3/2.5	1,644 (-4%)	0mo	$417,500	$254	81
8648 Golfside Dr	0.19mi	3/1.5	1,750 (+2%)	7mo	$364,000	$208	80
8798 Alsup Ave	0.12mi	4/2.0 (+1)	1,844 (+7%)	14mo	$545,000	$296	66
9580 Chaumont Dr	0.67mi	3/2.0	1,728 (+0%)	4mo	$360,000	$208	64
9523 Chaumont Dr	0.58mi	3/2.0	1,710 (-0%)	9mo	$365,000	$213	64
1869 Union Lake Rd	0.64mi	3/1.5	1,728 (+0%)	7mo	$500,000	$289	61
8665 Cooley Lake Rd	0.42mi	3/2.5	1,572 (-9%)	12mo	$295,000	$188	54
1864 Point St	0.46mi	3/2.0	1,896 (+10%)	10mo	$700,000	$369	53
1645 Grinshaw St	0.49mi	3/2.0	1,512 (-12%)	9mo	$332,000	$220	49
8741 Buffalo Dr	0.66mi	4/2.0 (+1)	1,855 (+8%)	7mo	$320,000	$173	45
9180 Cooley Lake Rd	0.68mi	3/1.0	1,505 (-12%)	13mo	$255,000	$169	32
8636 War Bonnet Dr	0.74mi	4/1.5 (+1)	1,929 (+12%)	7mo	$260,000	$135	32

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: -9.6%
• Equity multiple: 0.65×
• Total profit: $-31,045
• Equity at exit: $46,968

10-year hold

• IRR: -0.2%
• Equity multiple: 0.98×
• Total profit: $-1,358
• Equity at exit: $27,235

Cash invested: $88,200 (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 48382

• Active inventory: 179
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $3,004 medium
• Mortgage (P&I): −$1,652
• Tax from tax record: −$274 /mo · $3,285/yr
• Insurance: −$131
• HOA: −$2
• Vacancy / Maint / Mgmt: −$631
• Net cashflow: $314

Break-even live

Break-even rent $2,606

Max offer price $315,000

Occupancy floor 85%

Sensitivity live

Price	-10% $493	-5% $404	+0% $314	+5% $225	+10% $136
Rent	-10% $77	-5% $196	+0% $314	+5% $433	+10% $552
Rate	-1.0pp $473	-0.5pp $395	base $314	+0.5pp $233	+1.0pp $150

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8020 Wadi White Lake, MI	1.0–2.0	1.0–2.0	1352	$3,150	$2.33	0d	16	0.85mi
486 Charlevoix St Commerce Township, MI	3.0	2.0	1740	$3,500	$2.01	0d	1	1.36mi
2385 Horace St West Bloomfield, MI	4.0	2.5	1908	$3,100	$1.62	16d	1	1.40mi
3221 Union Lake Rd Commerce Charter Twp, MI	3.0	1.5	1360	$1,950	$1.43	26d	1	1.50mi

HOA detail

• Monthly dues: $2 · $24/yr

Listing history 42 events

1. 2026-06-21
   days on market $315,000 Active 30 DOM
2. 2026-06-18
   days on market $315,000 Active 27 DOM
3. 2026-06-17
   days on market $315,000 Active 26 DOM
4. 2026-06-16
   days on market $315,000 Active 25 DOM
5. 2026-06-15
   price $315,000 Active 24 DOM
6. 2026-06-15
   days on market $322,500 Active 24 DOM
7. 2026-06-13
   days on market $322,500 Active 22 DOM
8. 2026-06-13
   days on market $322,500 Active 21 DOM
9. 2026-06-09
   days on market $322,500 Active 18 DOM
10. 2026-06-08
    days on market $322,500 Active 17 DOM
11. 2026-06-07
    pricedays on market $322,500 Active 16 DOM
12. 2026-06-04
    days on market $330,000 Active 13 DOM
13. 2026-06-03
    days on market $330,000 Active 12 DOM
14. 2026-06-02
    days on market $330,000 Active 11 DOM
15. 2026-06-01
    days on market $330,000 Active 10 DOM
16. 2026-05-31
    days on market $330,000 Active 9 DOM
17. 2026-05-23
    price $330,000 1658-char remark

    Show marketing remark (1658 chars)

    Tucked inside Oakwood Grove Subdivision and just steps from access to all-sports Long Lake plus a 200-acre nature preserve, this updated Cape Cod delivers the ideal blend of outdoor lifestyle, everyday comfort, and functional living space in the highly regarded Walled Lake School District. With over 1,900 sq ft of finished living space, including the beautifully finished basement, this 4-bedroom, 2-bath home offers a flexible layout designed for both entertaining and privacy. The bright, airy kitchen features hardwood flooring, stainless steel appliances, and an open flow into the formal dining room accented by a chandelier and peaceful backyard views. A large living room creates a welcoming central gathering space, while attractive two-tone paint throughout gives the home a clean, modern feel. The first-floor primary/owner's suite provides convenient main-level living, with two spacious upstairs bedrooms offering separation and flexibility for guests, family, or a home office. The finished basement adds valuable additional living space perfect for recreation, media, workouts, or hobbies, along with a large laundry room and abundant storage. Outside, the oversized fenced yard offers room to relax, entertain, or play, while the attached 2-car front-entry garage and asphalt driveway add convenience and curb appeal. Additional highlights include recently remodeled full bathrooms, hardwood flooring, durable dimensional shingles, skylight foyer entry, and a desirable 50x175 lot. Homes with this combination of updates, location, lake access, and move-in-ready condition rarely last - schedule your private showing before this one is gone.

18. 2026-05-22
    price $330,000

    Show marketing remark (1658 chars)

    Tucked inside Oakwood Grove Subdivision and just steps from access to all-sports Long Lake plus a 200-acre nature preserve, this updated Cape Cod delivers the ideal blend of outdoor lifestyle, everyday comfort, and functional living space in the highly regarded Walled Lake School District. With over 1,900 sq ft of finished living space, including the beautifully finished basement, this 4-bedroom, 2-bath home offers a flexible layout designed for both entertaining and privacy. The bright, airy kitchen features hardwood flooring, stainless steel appliances, and an open flow into the formal dining room accented by a chandelier and peaceful backyard views. A large living room creates a welcoming central gathering space, while attractive two-tone paint throughout gives the home a clean, modern feel. The first-floor primary/owner's suite provides convenient main-level living, with two spacious upstairs bedrooms offering separation and flexibility for guests, family, or a home office. The finished basement adds valuable additional living space perfect for recreation, media, workouts, or hobbies, along with a large laundry room and abundant storage. Outside, the oversized fenced yard offers room to relax, entertain, or play, while the attached 2-car front-entry garage and asphalt driveway add convenience and curb appeal. Additional highlights include recently remodeled full bathrooms, hardwood flooring, durable dimensional shingles, skylight foyer entry, and a desirable 50x175 lot. Homes with this combination of updates, location, lake access, and move-in-ready condition rarely last - schedule your private showing before this one is gone.

19. 2026-05-22
    listed $312,000 Active 1658-char remark

    Show marketing remark (1658 chars)

    Tucked inside Oakwood Grove Subdivision and just steps from access to all-sports Long Lake plus a 200-acre nature preserve, this updated Cape Cod delivers the ideal blend of outdoor lifestyle, everyday comfort, and functional living space in the highly regarded Walled Lake School District. With over 1,900 sq ft of finished living space, including the beautifully finished basement, this 4-bedroom, 2-bath home offers a flexible layout designed for both entertaining and privacy. The bright, airy kitchen features hardwood flooring, stainless steel appliances, and an open flow into the formal dining room accented by a chandelier and peaceful backyard views. A large living room creates a welcoming central gathering space, while attractive two-tone paint throughout gives the home a clean, modern feel. The first-floor primary/owner's suite provides convenient main-level living, with two spacious upstairs bedrooms offering separation and flexibility for guests, family, or a home office. The finished basement adds valuable additional living space perfect for recreation, media, workouts, or hobbies, along with a large laundry room and abundant storage. Outside, the oversized fenced yard offers room to relax, entertain, or play, while the attached 2-car front-entry garage and asphalt driveway add convenience and curb appeal. Additional highlights include recently remodeled full bathrooms, hardwood flooring, durable dimensional shingles, skylight foyer entry, and a desirable 50x175 lot. Homes with this combination of updates, location, lake access, and move-in-ready condition rarely last - schedule your private showing before this one is gone.

20. 2026-05-22
    listed $312,000 Active

    Show marketing remark (1658 chars)

    Tucked inside Oakwood Grove Subdivision and just steps from access to all-sports Long Lake plus a 200-acre nature preserve, this updated Cape Cod delivers the ideal blend of outdoor lifestyle, everyday comfort, and functional living space in the highly regarded Walled Lake School District. With over 1,900 sq ft of finished living space, including the beautifully finished basement, this 4-bedroom, 2-bath home offers a flexible layout designed for both entertaining and privacy. The bright, airy kitchen features hardwood flooring, stainless steel appliances, and an open flow into the formal dining room accented by a chandelier and peaceful backyard views. A large living room creates a welcoming central gathering space, while attractive two-tone paint throughout gives the home a clean, modern feel. The first-floor primary/owner's suite provides convenient main-level living, with two spacious upstairs bedrooms offering separation and flexibility for guests, family, or a home office. The finished basement adds valuable additional living space perfect for recreation, media, workouts, or hobbies, along with a large laundry room and abundant storage. Outside, the oversized fenced yard offers room to relax, entertain, or play, while the attached 2-car front-entry garage and asphalt driveway add convenience and curb appeal. Additional highlights include recently remodeled full bathrooms, hardwood flooring, durable dimensional shingles, skylight foyer entry, and a desirable 50x175 lot. Homes with this combination of updates, location, lake access, and move-in-ready condition rarely last - schedule your private showing before this one is gone.

21. 2016-12-02
    soldstatus $195,000 Sold 355-char remark

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

22. 2016-10-25
    status Pending

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

23. 2016-10-25
    status Pending 355-char remark

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

24. 2016-10-20
    price $209,000

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

25. 2016-10-20
    price $209,000 355-char remark

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

26. 2016-08-23
    price $219,900
27. 2016-08-22
    price $219,900 355-char remark

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

28. 2016-07-13
    listed $229,900 Active

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

29. 2016-07-13
    listed $229,900 Active 355-char remark

    Show marketing remark (355 chars)

    GREAT CAPE COD WITH UPDATED KITCHEN, HARDWOOD FLOORS AND ALL APPLIANCES STAYING. TWO UPSTAIRS BEDROOMS, TWO FULL RECENTLY REMODELED BATHS, LARGE LIVING ROOM AND ATTACHED GARAGE. BEAUTIFULLY FINISHED BASEMENT WITH LARGE LAUNDRY ROOM WITH PLENTY OF STORAGE. WALK DOWN THE BLOCK FOR ACCESS TO ALL SPORTS LAKE OR ENJOY A NATURE TRAIL IN THE 200 ACRE PRESERVE.

30. 2005-08-31
    soldstatus $199,000
31. 2005-07-29
    soldstatus $199,000
32. 2005-05-24
    listed $204,999
33. 2005-05-24
    historical
34. 2005-05-10
    historical
35. 2005-05-05
    listed $214,900
36. 2005-05-05
    listed $214,900
37. 2005-05-05
    historical
38. 2005-04-18
    listed $224,900
39. 1999-09-01
    soldstatus $157,000
40. 1999-07-30
    soldstatus $157,000
41. 1999-04-14
    listed $159,900
42. 1992-06-16
    soldstatus $107,500

ⓘ 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: $3,285 · $274/mo
• Projected year-2 tax: $4,068 · $339/mo
• Expected delta: +$783/yr (+$65/mo · 23.8%)

ⓘ 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 6 d/yr ≥96°F today · 13 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

Taxation est. · year 1

• Rental income: $36,050
• − Mortgage interest: −$17,645
• − Property taxes: −$3,285
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,884
• − Management: −$2,884
• − HOA: −$24
• − Depreciation: −$9,164
• Taxable loss: −$1,410
• Est. tax savings @ 24.0%: +$338
• After-tax cash flow: $4,111/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: Walled Lake Consolidated Schools
• NCES district ID: 2635160
• Math proficiency: 52% ▼ -4.00%
• Reading proficiency: 60% ▼ -1.00%
• Median HH income: $69,184
• Composite: 49.57/100
• National rank: #1987
• State rank: #58 of 540 in MI

Livability — Wolverine Lake

• Score: 73/100
• State rank: #204
• US rank: #5186

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 23,550

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: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 5% Hispanic / Latino 4% Asian 3% Black 3%
• Common ancestry: Romanian 11% Lithuanian 3% Slovak 3%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 90% English-only · Other Indo-European 2% Russian/Polish/Slavic 2% Arabic 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: ▼ -265.18%
• Current HPI: 202.3058
• 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

+207.0% since first listed

26 events — show timeline

• 2026-05-23 Price Changed $330,000 MiRealSource-MiMLS
• 2026-05-22 Price Changed $330,000 REALCOMP
• 2026-05-22 Listed $312,000 REALCOMP
• 2026-05-22 Listed $312,000 MiRealSource-MiMLS
• 2016-12-02 Sold (MLS) $195,000 REALCOMP
• 2016-10-25 Pending — MiRealSource-MiMLS
• 2016-10-25 Pending — REALCOMP
• 2016-10-20 Price Changed $209,000 MiRealSource-MiMLS
• 2016-10-20 Price Changed $209,000 REALCOMP
• 2016-08-23 Price Changed $219,900 MiRealSource-MiMLS
• 2016-08-22 Price Changed $219,900 REALCOMP
• 2016-07-13 Listed $229,900 MiRealSource-MiMLS
• 2016-07-13 Listed $229,900 REALCOMP
• 2005-08-31 Sold (Public Records) $199,000 Public Records
• 2005-07-29 Sold (MLS) $199,000 REALCOMP
• 2005-05-24 Listing Removed — REALCOMP
• 2005-05-24 Listed $204,999 REALCOMP
• 2005-05-10 Listing Removed — REALCOMP
• 2005-05-05 Listing Removed — REALCOMP
• 2005-05-05 Listed $214,900 REALCOMP
• 2005-05-05 Listed $214,900 REALCOMP
• 2005-04-18 Listed $224,900 REALCOMP
• 1999-09-01 Sold (Public Records) $157,000 Public Records
• 1999-07-30 Sold (MLS) $157,000 REALCOMP
• 1999-04-14 Listed $159,900 REALCOMP
• 1992-06-16 Sold (Public Records) $107,500 Public Records

Property tax history

+5.9%/yr

Latest (2025): $3,285 · +3.8% YoY. Source: county tax records.