Clayton 3 Little Birds -Zero Energy Ready Home Plan · Tecumseh, MI 49286

$114,999

3 bd · 2.0 ba · 1,248 sqft · Manufactured · 1032 Days on market

Manufactured home Good condition

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.5/10.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• Manufactured-home adj. -6.1

Listing remarks MLS

* Pricing is subject to change and cannot be guaranteed or held. Waterfront Sites Available The Tempo Series is a complete drywall home that features a stunning kitchen meticulously crafted to provide both style and functionality. The kitchen has a gorgeous island, Energy Star Stainless Steel Appliances, recessed can lighting, ample space, and casual dining area. The primary bedroom has a large walk-in closet, a private retreat bath with his and hers double sink vanity, and a fiberglass shower with glass doors. * Financing is offered through First Choice MH LLC, a licensed mortgage loan originator in the State of Michigan. Main office 600 W. 22nd Street Suite 101 Oak Brook, IL 60523. NMLS# 1241272. Equal Housing Lender. Financing offered through First Choice MH LLC, a licensed mortgage loan originator in the State of Michigan, Ohio, Texas, Indiana and Illinois . Main office 600 W. 22nd Street Suite 101 Oak Brook, IL 60523. NMLS# 1241272. Equal Housing Lender. Estimated monthly payment based on price of $114,999, 10.55 APR, $3999 Down or Down Payment Amount, 360 payments of $1,811, includes Site Rent, insurance or local site taxes. All conditions are subject to credit approval and approval for residency within an authorized community. Contact local Community Manager for details. Amounts rounded to the nearest dollar.

Key facts

• Listed 1032 days

🏗️ New construction. The $114,999 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $87,500.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $115k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $507 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 3.9% in Tecumseh — 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 78/100 on livability (#103 in MI, #2,459 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Tecumseh Public Schools (town): math 34% / reading 48% proficiency, ranked #181 of 540 in MI (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Tecumseh Acres North Early Learning Center (303 students, 43% FRL); Tecumseh Middle School (math 33% / reading 41%, grade F, #248 of 493 statewide, top 53%, 793 students, 34% FRL); Tecumseh High School (math 37% / reading 72%, grade C-, #109 of 713 statewide, top 17%, 800 students, 33% FRL).
• Market conditions: 145 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 137 units permitted in Lenawee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $605 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lenawee County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 1032 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask is 6% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $101,199 (12.0% below list)

Questions for the listing agent

1. It's been on market 1032 days. Have you received any prior offers? Is the seller open to a 12% 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. Schools are B-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?
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: 1.61% ✓
• Cap rate: 13.25%
• Cash-on-cash: 24.83%
• DSCR: 2.10
• GRM: 5.2

CMA / ARV

• ARV (median comp): $87,500
• List price: $114,999
• Delta: 31.43%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9103 N Union Lot 93	0.04mi	3/2.0	1,400 (+12%)	3mo	$87,500	$63	76
902 N Union St	0.19mi	3/1.0	960 (-23%)	3mo	$230,000	$240	59
304 Chippewa St	0.90mi	3/2.0	1,201 (-4%)	3mo	$208,000	$173	56
9432 Tonneberger Dr	0.37mi	3/1.5	1,425 (+14%)	2mo	$310,000	$218	56
1901 Stillwater Dr	0.91mi	2/2.0 (-1)	1,294 (+4%)	1mo	$240,000	$185	53
1001 CARRIAGE Dr	0.89mi	2/2.0 (-1)	1,288 (+3%)	2mo	$245,000	$190	53
1902 STILLWATER Dr	0.91mi	2/2.0 (-1)	1,294 (+4%)	2mo	$235,000	$182	52
4134 Crescent View Dr	0.93mi	3/2.0	1,164 (-7%)	2mo	$245,500	$211	52
1205 Reeve Dr	0.84mi	2/1.5 (-1)	1,216 (-3%)	3mo	$322,000	$265	51
411 Center Dr	1.16mi	3/1.0	1,404 (+12%)	0mo	$205,000	$146	40
205 W Shawnee St	1.09mi	3/2.0	1,450 (+16%)	1mo	$175,000	$121	39
729 W Clark St #76	1.06mi	3/2.0	1,038 (-17%)	3mo	$225,000	$217	38

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: 18.3%
• Equity multiple: 1.74×
• Total profit: $18,132
• Equity at exit: $13,047

10-year hold

• IRR: 26.7%
• Equity multiple: 3.35×
• Total profit: $57,453
• Equity at exit: $7,565

Cash invested: $24,500 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 6 active · 1 under contract
• Months of supply: 36.0 mo (3%/mo absorbed)
• Median asking: $116,150 ($91/sqft)
• Median days on market: 220 d
• This list price: 50% of active listings are priced below it
• ARV vs active asking: -22.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 49286

• Home prices YoY: -32.9%
• Active inventory: 145
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,407 high
• Mortgage (P&I): −$459
• Tax est. 1.5%: −$109 /mo · $1,312/yr
• Insurance: −$36
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $507

Break-even live

Break-even rent $765

Max offer price $87,500

Occupancy floor 59%

Sensitivity live

Price	-10% $567	-5% $537	+0% $507	+5% $477	+10% $447
Rent	-10% $396	-5% $451	+0% $507	+5% $563	+10% $618
Rate	-1.0pp $551	-0.5pp $529	base $507	+0.5pp $484	+1.0pp $461

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: $21,875
• Closing costs: $2,625
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9115 N Union St Tecumseh, MI	3.0	2.0	1408	$1,876	$1.33	109d	4	0.02mi
9103 N Union St #165 Tecumseh, MI	3.0	2.0	1248	$1,848	$1.48	0d	1	0.07mi
9103 N Union St #174 Tecumseh, MI	3.0	2.0	1344	$1,903	$1.42	109d	1	0.07mi
200 N Occidental Rd Tecumseh, MI	2.0	1.0	875	$1,050	$1.20	0d	1	1.05mi
1325 Southwestern Dr Tecumseh, MI	2.0	1.5	950	$1,095	$1.15	3d	1	1.31mi
1316 Southwestern Dr Tecumseh, MI	2.0	1.5	950	$1,130	$1.19	109d	1	1.38mi

Listing history 50 events

1. 2026-09-14
   days on market $114,999 Active 1032 DOM
2. 2026-09-13
   days on market $114,999 Active 1031 DOM
3. 2026-09-12
   days on market $114,999 Active 1030 DOM
4. 2026-09-11
   days on market $114,999 Active 1029 DOM
5. 2026-09-05
   days on market $114,999 Active 1023 DOM
6. 2026-09-04
   days on market $114,999 Active 1022 DOM
7. 2026-09-03
   days on market $114,999 Active 1021 DOM
8. 2026-08-31
   days on market $114,999 Active 1018 DOM
9. 2026-08-30
   days on market $114,999 Active 1017 DOM
10. 2026-08-29
    days on market $114,999 Active 1016 DOM
11. 2026-08-28
    days on market $114,999 Active 1015 DOM
12. 2026-08-27
    days on market $114,999 Active 1014 DOM
13. 2026-08-25
    days on market $114,999 Active 1012 DOM
14. 2026-08-24
    days on market $114,999 Active 1011 DOM
15. 2026-08-23
    days on market $114,999 Active 1010 DOM
16. 2026-08-22
    days on market $114,999 Active 1009 DOM
17. 2026-08-21
    days on market $114,999 Active 1008 DOM
18. 2026-08-20
    days on market $114,999 Active 1007 DOM
19. 2026-08-19
    days on market $114,999 Active 1006 DOM
20. 2026-08-18
    days on market $114,999 Active 1005 DOM
21. 2026-08-17
    days on market $114,999 Active 1004 DOM
22. 2026-08-16
    days on market $114,999 Active 1003 DOM
23. 2026-08-15
    days on market $114,999 Active 1002 DOM
24. 2026-08-14
    days on market $114,999 Active 1001 DOM
25. 2026-08-13
    days on market $114,999 Active 1000 DOM
26. 2026-08-12
    days on market $114,999 Active 999 DOM
27. 2026-08-11
    days on market $114,999 Active 998 DOM
28. 2026-08-10
    days on market $114,999 Active 997 DOM
29. 2026-08-09
    days on market $114,999 Active 996 DOM
30. 2026-08-08
    days on market $114,999 Active 995 DOM
31. 2026-08-07
    days on market $114,999 Active 994 DOM
32. 2026-08-06
    days on market $114,999 Active 993 DOM
33. 2026-08-05
    days on market $114,999 Active 992 DOM
34. 2026-08-04
    days on market $114,999 Active 991 DOM
35. 2026-08-03
    days on market $114,999 Active 990 DOM
36. 2026-07-31
    days on market $114,999 Active 987 DOM
37. 2026-07-30
    days on market $114,999 Active 986 DOM
38. 2026-07-29
    days on market $114,999 Active 985 DOM
39. 2026-07-27
    days on market $114,999 Active 983 DOM
40. 2026-07-25
    days on market $114,999 Active 981 DOM
41. 2026-07-24
    days on market $114,999 Active 980 DOM
42. 2026-07-23
    days on market $114,999 Active 979 DOM
43. 2026-07-22
    days on market $114,999 Active 978 DOM
44. 2026-07-21
    days on market $114,999 Active 977 DOM
45. 2026-07-18
    days on market $114,999 Active 974 DOM
46. 2026-07-16
    days on market $114,999 Active 972 DOM
47. 2026-07-16
    days on market $114,999 Active 971 DOM
48. 2026-07-14
    days on market $114,999 Active 970 DOM
49. 2026-07-14
    days on market $114,999 Active 969 DOM
50. 2026-07-12
    days on market $114,999 Active 968 DOM

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

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 ≥99°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: $16,886
• − Mortgage interest: −$4,901
• − Property taxes: −$1,312
• − Insurance: −$438
• − Repairs & maintenance: −$1,351
• − Management: −$1,351
• − Depreciation: −$2,545
• Taxable income: $4,987
• Est. tax owed @ 24.0%: −$1,197
• After-tax cash flow: $4,887/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 · 5 photos

Good 80/100 Cosmetic rehab Est. rehab $6,240–$18,720 screening

This manufactured home is in good condition with a modern kitchen and well-maintained bathrooms. It has a good curb appeal and is ready for a fresh paint job and landscaping to further enhance its value.

Value-add opportunities

• Both Painting the interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics ↑
• Both Landscaping the front yard — A well-maintained front yard can improve the home's curb appeal and attract potential buyers ↑
• Resale Upgrading the flooring in the bathrooms — Upgrading the flooring can add value and appeal to potential buyers ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 54/100

Zoned Schools

Elementary Tecumseh Acres North Early Learning Center High Tecumseh High School C- MI #109/713 Nat'l #4,461/17,239

Schools (NCES district)

• District: Tecumseh Public Schools
• NCES district ID: 2633720
• Math proficiency: 34% ▼ -5.00%
• Reading proficiency: 48% ▼ -4.00%
• Median HH income: $58,026
• Composite: 36.04/100
• National rank: #4775
• State rank: #181 of 540 in MI

B Composite livability gradescore 78/100

Livability — Tecumseh

• Score: 78/100
• State rank: #103
• US rank: #2459

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tecumseh, MI
• County: Lenawee · 95,497 people
• City population: 14,331
• Population (ZIP): 14,331
• Household income: $73,054
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 9% of renters

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Population outlook (Lenawee County) Hauer SSP2

• Today (2025): 95,497 people
• By 2030: 92,722 · -2.9%
• By 2040: 85,641 · -10.3%
• By 2050: 77,971 · -18.4%
• By 2075: 60,043 · -37.1%
• By 2100: 41,468 · -56.6%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 8% Hispanic / Latino 7% Black 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Romanian 5% Lithuanian 4% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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Political lean MEDSL · Lenawee

• 2024 margin: Strong R (+23.0) · D 37.8% · R 60.8% · Other 1.4%
• 2008→2024 swing: -28.1pp toward R · 2008: 5.1pp · 2024: -23.0pp
• All cycles: 2024: R+23.0 2020: R+19.9 2016: R+21.1 2012: R+1.3 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.90%
• Current HPI: 234.4935
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

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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

+5.6% since first listed

4 events — show timeline

• 2025-05-08 Price Changed $114,999 Zillow
• 2024-01-12 Relisted — Zillow
• 2024-01-03 Delisted — Zillow
• 2023-11-08 Listed $108,903 Zillow