1130 Electric St · Wyandotte, MI 48192

$189,900

3 bd · 1.0 ba · 906 sqft · SingleFamily public records · 9 Days on market

Built 1949 3,920 sqft lot Est $159k · 19% over

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Why this score? — see what drove the F 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 +7.1/30.0
• Rent growth +4.5/5.0
• Livability +4.4/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

The house you've been waiting for has finally arrived! This adorable Wyandotte ranch is the perfect starter home and truly has so much to offer. Pull up and fall in love with the beautiful curb appeal and cozy covered front porch, perfect for your morning coffee. Step inside to a spacious living room filled with natural light, then make your way to the fully updated kitchen featuring beautiful cabinetry, gorgeous countertops, stylish backsplash, great lighting, and plenty of space - truly a dream kitchen! This home offers three bedrooms, including one large bedroom off the kitchen with great closet space, plus two additional bedrooms and a full bath down the hall. The full finished basement gives you even more living space, along with a 1.5-car detached garage and a great patio area for relaxing or entertaining. Turnkey, move-in ready, and absolutely adorable - all that's missing is you! Buyer friendly and ready for your visit. Come see this wonderful new listing on Electric Street! Seller is providing C OF O. Immediate Occupancy.

Key facts

• Covered front porch
• Patio area
• Finished basement

Tags

• COVERED FRONT PORCH
• FULLY UPDATED KITCHEN
• FINISHED BASEMENT
• DETACHED GARAGE
• PATIO AREA

Property features AI

Finance

• Other: Pets allowed: cats and dogs

Exterior

• Parking: Detached garage with direct access (1.5 spaces)
• Utilities: Public water; Public sewer; Water and sewer available
• Home design: Single family residence; Residential property; One level; Ground-level entry; Faces unspecified direction
• Construction: Brick construction; Asphalt roof; Block foundation; Built year not provided
• Exterior features: Patio; Porch; Fenced backyard; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Free‑standing refrigerator; Microwave
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating; Natural gas heating
• Interior features: Finished basement; 6 total rooms
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $-322 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $133k (29.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $135k (29.0% below list).
• Recommended offer: $133k (29.9% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 88/100 on livability (#11 in MI, #181 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-.
• Wyandotte School District (suburban): math 27% / reading 45% proficiency, ranked #262 of 540 in MI (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.9%/yr); 117 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $6k 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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 12y 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 $140k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $133,060 (29.9% 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. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.71% ✗
• Cap rate: 4.61%
• Cash-on-cash: -6.01%
• DSCR: 0.73
• GRM: 11.7

CMA / ARV

• ARV (on-the-fly): $159,456
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1737 Cora St	0.37mi	3/1.0	936 (+3%)	5mo	$143,000	$153	73
677 Lindbergh St	0.47mi	2/1.0 (-1)	900 (-1%)	0mo	$164,000	$182	72
2232 9th St	0.71mi	2/1.0 (-1)	920 (+2%)	2mo	$177,500	$193	58
866 Clinton St	0.51mi	3/1.0	1,000 (+10%)	2mo	$177,500	$178	58
1114 2nd St	0.62mi	2/1.0 (-1)	864 (-5%)	2mo	$175,000	$203	56
1604 15th St	0.44mi	2/1.0 (-1)	832 (-8%)	5mo	$183,000	$220	56
318 Clinton St	0.75mi	3/1.0	936 (+3%)	6mo	$165,000	$176	55
981 Harrison Blvd	0.61mi	2/1.0 (-1)	952 (+5%)	5mo	$142,500	$150	54
870 4th St	0.52mi	2/2.0 (-1)	836 (-8%)	5mo	$110,000	$132	50
2096 Electric St	0.61mi	3/1.0	1,000 (+10%)	6mo	$130,000	$130	49
552 Bondie St	0.59mi	3/1.0	1,041 (+15%)	4mo	$120,000	$115	44
645 Riverbank St	0.62mi	3/1.5	1,036 (+14%)	4mo	$165,000	$159	42

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 · 7.86% rent growth · sell at horizon

5-year hold

• IRR: -23.3%
• Equity multiple: 0.17×
• Total profit: $-44,279
• Equity at exit: $28,315

10-year hold

• IRR: -8.2%
• Equity multiple: 0.37×
• Total profit: $-33,275
• Equity at exit: $16,419

Cash invested: $53,172 (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 48192

• Rents YoY: 7.9%
• Active inventory: 117
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,349 high
• Mortgage (P&I): −$996
• Tax from tax record: −$257 /mo · $3,082/yr
• Insurance: −$79
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $-322

Break-even live

Break-even rent $1,756

Max offer price $133,060

Occupancy floor —

Sensitivity live

Price	-10% $-214	-5% $-268	+0% $-322	+5% $-376	+10% $-429
Rent	-10% $-428	-5% $-375	+0% $-322	+5% $-268	+10% $-215
Rate	-1.0pp $-226	-0.5pp $-273	base $-322	+0.5pp $-371	+1.0pp $-421

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
610 Harrison Blvd Unit 46 Lincoln Park, MI	2.0	1.0	800	$995	$1.24	3d	1	0.33mi
610 Harrison Blvd Apt 43 Lincoln Park, MI	2.0	1.0	800	$1,050	$1.31	25d	1	0.33mi
720 Harrison Blvd Unit 20 Lincoln Park, MI	2.0	1.0	800	$1,025	$1.28	3d	1	0.34mi
750 Harrison Blvd Unit 5 Lincoln Park, MI	2.0	1.0	800	$995	$1.24	5d	1	0.36mi
1163 17th St Wyandotte, MI	3.0	1.0	1010	$1,695	$1.68	44d	1	0.42mi
1159 McKinley St Wyandotte, MI	3.0	1.0	1050	$1,350	$1.29	0d	1	0.56mi
1650 19th St Wyandotte, MI	3.0	2.0	1100	$1,899	$1.73	18d	1	0.62mi
1130 21st St Wyandotte, MI	3.0	1.0	864	$1,420	$1.64	0d	1	0.67mi
708 Highland St Unit 1 Wyandotte, MI	2.0	1.0	800	$950	$1.19	18d	1	0.73mi
424 4th St Wyandotte, MI	2.0	1.0	925	$1,350	$1.46	25d	1	0.74mi
850 Biddle Ave Unit 2 Wyandotte, MI	2.0	1.0	800	$1,300	$1.62	0d	1	0.81mi
170 Bondie St Wyandotte, MI	3.0	1.0	1080	$1,399	$1.30	3d	1	0.86mi
168 Bondie St Wyandotte, MI	3.0	1.0	1080	$1,295	$1.20	5d	1	0.87mi
146 Bondie St Wyandotte, MI	2.0	1.0	820	$1,650	$2.01	0d	1	0.88mi
177 N Riverbank St Wyandotte, MI	2.0	1.0	671	$1,600	$2.38	0d	1	0.96mi
2700 6th St Wyandotte, MI	1.0–2.0	1.0	900	$1,095	$1.22	44d	2	1.08mi
82 Poplar St Apt 2 Wyandotte, MI	2.0	1.0	900	$1,295	$1.44	44d	1	1.16mi
13020 Pullman St Southgate, MI	4.0	1.0	1050	$1,550	$1.48	3d	1	1.17mi
4163 Burns Ave Lincoln Park, MI	3.0	1.0	900	$1,500	$1.67	2d	1	1.32mi
1750 Saint Johns Blvd Unit 17 Lincoln Park, MI	2.0	1.0	750	$1,025	$1.37	25d	1	1.36mi
1343 Pagel Ave Unit 2-Upper Lincoln Park, MI	2.0	1.0	1000	$1,250	$1.25	18d	1	1.38mi
1760 Saint Johns Blvd Apt 14 Lincoln Park, MI	2.0	1.0	750	$995	$1.33	25d	1	1.38mi
20 Chestnut St Unit 1003-4 Wyandotte, MI	2.0	2.0	1100	$1,990	$1.81	44d	1	1.39mi
4573 3rd St Ecorse, MI	2.0	1.0	1000	$1,300	$1.30	15d	1	1.46mi
1569 Sycamore St Wyandotte, MI	3.0	1.0	944	$1,695	$1.80	44d	1	1.48mi
4581 High St Unit 13 Ecorse, MI	2.0	1.0	700	$1,050	$1.50	25d	1	1.49mi

Listing history 7 events

1. 2026-06-15
   statusdays on market $189,900 Pending 9 DOM
2. 2026-06-13
   days on market $189,900 Active 8 DOM
3. 2026-06-13
   days on market $189,900 Active 7 DOM
4. 2026-06-09
   days on market $189,900 Active 4 DOM
5. 2026-06-08
   days on market $189,900 Active 3 DOM
6. 2026-06-07
   remarks 687-char remark
7. 2026-06-07
   listed $189,900 Active 2 DOM

ⓘ 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: $3,082 · $257/mo
• Projected year-2 tax: $3,082 · $257/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°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: $16,187
• − Mortgage interest: −$10,637
• − Property taxes: −$3,082
• − Insurance: −$1,616
• − Repairs & maintenance: −$1,295
• − Management: −$1,295
• − Depreciation: −$5,524
• Taxable loss: −$7,263
• Est. tax savings @ 24.0%: +$1,743
• After-tax cash flow: $-2,118/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: Wyandotte School District
• NCES district ID: 2636540
• Math proficiency: 27% ▼ -6.00%
• Reading proficiency: 45% ▼ -1.00%
• Median HH income: $50,265
• Composite: 31.13/100
• National rank: #6060
• State rank: #262 of 540 in MI

Livability — Wyandotte

• Score: 88/100
• State rank: #11
• US rank: #181

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wyandotte, MI
• County: Wayne County · 1,562,939 people
• City population: 24,489
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 24,489
• Household income: $71,987
• Rent vs Own: 26.3% rent · 73.7% own
• Severe rent burden: 570.0

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: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 8% Two or more races 8% Black 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 19% Lithuanian 4% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 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: ▼ -228.97%
• Current HPI: 174.8428
• Rent YoY: ▲ 7.86%
• 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

+137.4% since first listed

28 events — show timeline

• 2026-06-05 Listed $189,900 MiRealSource-MiMLS
• 2026-06-05 Listed $189,900 REALCOMP
• 2020-05-08 Sold (Public Records) $140,000 Public Records
• 2020-04-09 Sold (MLS) $140,000 MiRealSource-MiMLS
• 2020-04-09 Sold (MLS) $140,000 REALCOMP
• 2020-03-21 Pending — MiRealSource-MiMLS
• 2020-03-21 Pending — REALCOMP
• 2020-03-07 Price Changed $154,900 MiRealSource-MiMLS
• 2020-03-07 Price Changed $154,900 REALCOMP
• 2020-03-07 Price Changed $159,900 REALCOMP
• 2020-03-01 Listed $164,900 MiRealSource-MiMLS
• 2020-03-01 Listed $164,900 REALCOMP
• 2015-07-30 Sold (Public Records) $74,900 Public Records
• 2015-07-09 Sold (MLS) $74,900 MiRealSource-MiMLS
• 2015-07-09 Sold (MLS) $74,900 REALCOMP
• 2015-04-23 Listing Removed — REALCOMP
• 2015-04-19 Listing Removed — MiRealSource-MiMLS
• 2015-04-13 Price Changed $74,900 REALCOMP
• 2015-03-09 Listing Removed — REALCOMP
• 2015-03-09 Listed $76,900 REALCOMP
• 2015-03-09 Listing Removed — MiRealSource-MiMLS
• 2015-03-09 Listed $74,900 MiRealSource-MiMLS
• 2015-01-13 Listing Removed — REALCOMP
• 2015-01-13 Listed $80,000 REALCOMP
• 2015-01-13 Listing Removed — MiRealSource-MiMLS
• 2015-01-13 Listed $80,000 MiRealSource-MiMLS
• 2014-11-19 Listed $80,000 REALCOMP
• 2014-11-19 Listed $80,000 MiRealSource-MiMLS

Property tax history

+6.1%/yr

Latest (2025): $3,082 · +2.8% YoY. Source: county tax records.