33988 Currier St · Wayne, MI 48184

$149,900

3 bd · 1.0 ba · 1,022 sqft · SingleFamily public records · 2 Days on market

Built 1943 4,792 sqft lot Est $172k · 13% under

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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 +13.9/30.0
• ARV discount +13.2/15.0
• DSCR +4.2/10.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderfully cared for three bedroom bungalow in Wayne. Tons of storage, a two car garage, extremely detailed home with poured basement walls make this a must see. See the walk through video at https://youtu. be/JLd8Kzy4n04?si=ATZ4253Ou0xHta3r

Key facts

• 4,792 sq ft lot
• 2 garage spots
• Built 1943

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Detached 2-car garage
• Utilities: Public sewer; Water available
• Home design: Single-family residence; One and one-half story
• Construction: Vinyl siding
• Exterior features: Lot approximately 40 x 120 (0.11 acre)

Interior

• Bedrooms: 4 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $17 ($201/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 $126k (16.2% below list).
• Recommended offer: $126k (16.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#252 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, employment D-.
• Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 56 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 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 $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 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 18 sale attempts since 25y 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 $57k; list at $150k implies a 163% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,654 (16.2% below list)

Questions for the listing agent

1. Built in 1943 — 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 F-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. 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?
6. 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.
7. 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.
8. 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: 0.84% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.48%
• DSCR: 1.02
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $171,696
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34084 Currier St	0.06mi	3/1.0	1,014 (-1%)	4mo	$170,700	$168	93
33988 Richard St	0.16mi	3/1.0	1,022 (0%)	4mo	$180,000	$176	90
34441 Phyllis St	0.26mi	3/1.0	1,040 (+2%)	2mo	$190,000	$183	84
34225 Annapolis St	0.30mi	3/2.0	1,022 (0%)	8mo	$179,000	$175	75
4521 Columbus St	0.34mi	3/1.0	980 (-4%)	6mo	$145,000	$148	72
34918 Winslow St	0.49mi	3/1.0	1,058 (+4%)	1mo	$147,000	$139	71
34415 Glover St	0.21mi	3/1.0	907 (-11%)	7mo	$156,500	$173	66
34948 Richard St	0.46mi	3/1.0	920 (-10%)	1mo	$160,000	$174	61
35451 John St	0.72mi	3/1.0	1,000 (-2%)	8mo	$165,000	$165	56
4004 Howe Rd	0.61mi	3/2.0	1,104 (+8%)	2mo	$152,000	$138	53
4052 Howe Rd	0.58mi	3/2.0	1,104 (+8%)	3mo	$155,000	$140	53
4173 Columbus St	0.50mi	2/1.0 (-1)	918 (-10%)	3mo	$110,000	$120	52

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: -15.6%
• Equity multiple: 0.45×
• Total profit: $-23,243
• Equity at exit: $22,351

10-year hold

• IRR: -7.1%
• Equity multiple: 0.55×
• Total profit: $-18,941
• 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 48184

• Active inventory: 56
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,257 high
• Mortgage (P&I): −$786
• Tax from tax record: −$127 /mo · $1,529/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $17

Break-even live

Break-even rent $1,235

Max offer price $149,900

Occupancy floor 94%

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 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5672 Howe Rd Unit 15 Wayne, MI	2.0	1.0	700	$850	$1.21	18d	1	0.16mi
4924 Howe Rd Wayne, MI	3.0	1.0	1022	$1,300	$1.27	17d	1	0.17mi
34510 Van Born Rd Wayne, MI	2.0	1.0	990	$1,325	$1.34	15d	1	0.30mi
35390 Van Born Rd #103 Wayne, MI	2.0	1.0	925	$1,100	$1.19	44d	1	0.63mi
4332 Biddle St Wayne, MI	3.0	2.0	1176	$1,525	$1.30	44d	1	0.70mi
33095 Forest St Wayne, MI	1.0–2.0	1.0	815	$1,142	$1.40	2d	5	0.70mi
34639 Brush St Wayne, MI	2.0	1.0	780	$1,200	$1.54	44d	1	0.72mi
3741 S Wayne Rd Wayne, MI	2.0	1.5	1114	$1,500	$1.35	2d	1	0.88mi
34420 Sims St Unit 14 Wayne, MI	2.0	1.0	800	$900	$1.12	44d	1	0.89mi
34420 Sims St Unit 11 Wayne, MI	2.0	1.0	800	$849	$1.06	5d	1	0.89mi
5228 Fletcher St Wayne, MI	3.0	1.0	900	$1,750	$1.94	2d	1	0.96mi
35505 E Michigan Ave Unit 1 Wayne, MI	2.0	1.0	780	$775	$0.99	44d	1	1.00mi
35700 E Michigan Ave Wayne, MI	2.0	1.0	701	$1,060	$1.51	5d	6	1.13mi
33000 Parkhill St Wayne, MI	1.0–2.0	1.0–1.5	800	$1,240	$1.55	24d	1	1.29mi
34630 Glenwood Rd Westland, MI	2.0	1.0	710	$1,150	$1.62	44d	1	1.36mi
34039 Cambria Ct Westland, MI	2.0	1.0	836	$1,395	$1.67	44d	1	1.44mi

Listing history 37 events

1. 2026-04-29
   status Pending

   Show marketing remark (242 chars)

   Wonderfully cared for three bedroom bungalow in Wayne. Tons of storage, a two car garage, extremely detailed home with poured basement walls make this a must see. See the walk through video at https://youtu. be/JLd8Kzy4n04?si=ATZ4253Ou0xHta3r

2. 2026-04-29
   status Pending 242-char remark

   Show marketing remark (242 chars)

   Wonderfully cared for three bedroom bungalow in Wayne. Tons of storage, a two car garage, extremely detailed home with poured basement walls make this a must see. See the walk through video at https://youtu. be/JLd8Kzy4n04?si=ATZ4253Ou0xHta3r

3. 2026-04-27
   listed $149,900 Active

   Show marketing remark (242 chars)

   Wonderfully cared for three bedroom bungalow in Wayne. Tons of storage, a two car garage, extremely detailed home with poured basement walls make this a must see. See the walk through video at https://youtu. be/JLd8Kzy4n04?si=ATZ4253Ou0xHta3r

4. 2026-04-27
   listed $149,900 Active 242-char remark

   Show marketing remark (242 chars)

   Wonderfully cared for three bedroom bungalow in Wayne. Tons of storage, a two car garage, extremely detailed home with poured basement walls make this a must see. See the walk through video at https://youtu. be/JLd8Kzy4n04?si=ATZ4253Ou0xHta3r

5. 2008-09-30
   soldstatus $57,000 222-char remark

   Show marketing remark (222 chars)

   DON'T MISS OUT ON THIS ONE! GREAT PRICE! BANK OWNED, AS IS. BUYER TO SIGN ACR WITH CITY FOR ANY/ALL REPAIRS NEEDED FOR REQUIRED CERT OF OCC. ALL DATA DEEMED ACCURATE, NOT GUARANTEED, BUYER, BUYER'S AGENT TO VERIFY. AS IS.

6. 2008-05-07
   listed $59,900 222-char remark

   Show marketing remark (222 chars)

   DON'T MISS OUT ON THIS ONE! GREAT PRICE! BANK OWNED, AS IS. BUYER TO SIGN ACR WITH CITY FOR ANY/ALL REPAIRS NEEDED FOR REQUIRED CERT OF OCC. ALL DATA DEEMED ACCURATE, NOT GUARANTEED, BUYER, BUYER'S AGENT TO VERIFY. AS IS.

7. 2008-05-05
   historical
8. 2008-04-08
   listed $59,900
9. 2008-04-04
   historical
10. 2008-02-28
    historical
11. 2008-02-28
    historical
12. 2007-12-13
    listed $69,900
13. 2007-12-13
    historical
14. 2007-10-31
    historical
15. 2007-10-31
    historical
16. 2007-10-29
    listed $99,900
17. 2007-10-29
    listed $99,900
18. 2007-06-18
    listed $99,900
19. 2007-06-18
    listed $99,900
20. 2007-06-18
    listed $99,900
21. 2006-07-03
    historical
22. 2006-02-03
    listed $119,900
23. 2006-02-03
    historical
24. 2005-06-29
    listed $119,900
25. 2005-06-28
    historical
26. 2005-06-09
    listed $124,900
27. 2005-06-09
    historical
28. 2005-05-26
    historical
29. 2005-05-25
    listed $129,900
30. 2005-05-15
    listed $129,900
31. 2003-02-14
    historical
32. 2003-01-07
    listed $119,900
33. 2002-06-12
    soldstatus $72,900
34. 2002-02-06
    soldstatus $729,000
35. 2001-11-05
    listed $79,900
36. 2001-07-26
    historical
37. 2001-07-09
    listed $89,900

ⓘ 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: $1,529 · $127/mo
• Projected year-2 tax: $1,919 · $160/mo
• Expected delta: +$390/yr (+$32/mo · 25.5%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,078
• − Mortgage interest: −$8,397
• − Property taxes: −$1,529
• − Insurance: −$750
• − Repairs & maintenance: −$1,206
• − Management: −$1,206
• − Depreciation: −$4,361
• Taxable loss: −$2,370
• Est. tax savings @ 24.0%: +$569
• After-tax cash flow: $769/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: Wayne-Westland Community School District
• NCES district ID: 2600015
• Math proficiency: 11% ▼ -6.00%
• Reading proficiency: 27% ▼ -2.00%
• Median HH income: $43,524
• Composite: 16.4/100
• National rank: #9195
• State rank: #474 of 540 in MI

Livability — Wayne

• Score: 72/100
• State rank: #252
• US rank: #6284

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wayne, MI
• County: Wayne County · 1,562,939 people
• City population: 17,348
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 17,348
• Household income: $59,171
• Rent vs Own: 39.2% rent · 60.8% own
• Severe rent burden: 720.0

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 0.56)
• Race & ethnicity: White 61% Black 25% Two or more races 7% Hispanic / Latino 5% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Romanian 7% Lithuanian 3% Italian 2%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 1%

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: ▼ -171.12%
• Current HPI: 217.8548
• Rent YoY: —
• 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

+66.7% since first listed

37 events — show timeline

• 2026-04-29 Pending — REALCOMP
• 2026-04-29 Pending — MiRealSource-MiMLS
• 2026-04-27 Listed $149,900 REALCOMP
• 2026-04-27 Listed $149,900 MiRealSource-MiMLS
• 2008-09-30 Sold (MLS) $57,000 REALCOMP
• 2008-05-07 Listed $59,900 REALCOMP
• 2008-05-05 Listing Removed — REALCOMP
• 2008-04-08 Listed $59,900 REALCOMP
• 2008-04-04 Listing Removed — REALCOMP
• 2008-02-28 Listing Removed — MiRealSource-MiMLS
• 2008-02-28 Listing Removed — REALCOMP
• 2007-12-13 Listing Removed — REALCOMP
• 2007-12-13 Listed $69,900 REALCOMP
• 2007-10-31 Listing Removed — REALCOMP
• 2007-10-31 Listing Removed — MiRealSource-MiMLS
• 2007-10-29 Listed $99,900 MiRealSource-MiMLS
• 2007-10-29 Listed $99,900 REALCOMP
• 2007-06-18 Listed $99,900 REALCOMP
• 2007-06-18 Listed $99,900 MiRealSource-MiMLS
• 2007-06-18 Listed $99,900 REALCOMP
• 2006-07-03 Listing Removed — REALCOMP
• 2006-02-03 Listing Removed — REALCOMP
• 2006-02-03 Listed $119,900 REALCOMP
• 2005-06-29 Listed $119,900 REALCOMP
• 2005-06-28 Listing Removed — REALCOMP
• 2005-06-09 Listing Removed — REALCOMP
• 2005-06-09 Listed $124,900 REALCOMP
• 2005-05-26 Listing Removed — REALCOMP
• 2005-05-25 Listed $129,900 REALCOMP
• 2005-05-15 Listed $129,900 REALCOMP
• 2003-02-14 Listing Removed — REALCOMP
• 2003-01-07 Listed $119,900 REALCOMP
• 2002-06-12 Sold (Public Records) $72,900 Public Records
• 2002-02-06 Sold (MLS) $729,000 REALCOMP
• 2001-11-05 Listed $79,900 REALCOMP
• 2001-07-26 Listing Removed — REALCOMP
• 2001-07-09 Listed $89,900 REALCOMP

Property tax history

+0.6%/yr

Latest (2025): $1,529 · -16.1% YoY. Source: county tax records.